More than a fifth of the country’s banking system, by assets, is syariah-compliant. OF Malaysia’s claims to fame, leadership in financial services is not an obvious one. Yet in some ways, the country is the world’s most important Islamic-finance centre.
Just more than a fifth of the country’s banking system, by assets, is syariah-compliant; the average for Muslim countries is more like 12 per cent, and often a lot less. Malaysia dominates the global market for sukuk, or Islamic bonds………………………………………..Full Article: Source