Islamic banking and finance is likely to continue its growth trajectory next year despite the outlook of a challenging year ahead and the slowdown in global economy. The robust achievement recorded throughout the year coupled with the ‘safe-haven investment’ sentiment among investors will be the main reasons for the industry to remain favourable.
In the Economic Report 2012/2013 by the Ministry of Finance, the Islamic banking business was stated to have continued to expand in the first seven months of this year with total assets increasing 20.6 per cent to RM469.5 billion, representing 24.2 per cent of the Malaysia’s banking system’s assets………………………………………..Full Article: Source