Moody's expects Malaysia's strong Islamic finance growth to continue for next 12 to 18 months

KUALA LUMPUR: Moody’s Investors Service (Moody’s) expects strong Islamic finance growth in Malaysia to continue over the next 12 to 18 months supported by more government initiatives and digital banking.

Financial institutions group analyst Chong Jun Wong said similar to other key Islamic markets, the growth of Islamic banks in Malaysia has actually outpaced the growth of their conventional peers in recent years.