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Islamic Finance Briefing - Categorized | Banking, Performance more

Malaysia’s Islamic banking assets climb to 20 pct of total

Posted on 18 October 2010

From Bloomberg: Islamic banking in Malaysia, the world’s biggest market for sukuk, rose 21 percent in the first seven months of 2010 from a year earlier, and accounted for 20 percent of the total, the government said in a report.
Assets that comply with the religion’s ban on interest climbed to 337.6 billion ringgit ($109 billion), according to the 2010-2011 Economic Report from the Ministry of Finance issued today. Shariah-compliant household loans increased 26 percent to 134.4 billion ringgit and made up 64 percent of total Islamic financing, it said……………………………………….Full Article: Source

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