JAKARTA: Malaysia will remain the biggest Islamic banking market in Asia-Pacific, accounting for about two-thirds of the sector’s total assets of about US$400 billion (US$1=RM4.74), according to S&P Global Ratings.
In a statement, the credit rating agency said the launch of new Islamic banks in Malaysia and other Asia-Pacific markets this year could improve access to financial services for underserved regions and segments, such as small businesses.
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