Islamic bank

Growth of Malaysia's Islamic banks outpacing conventional peers The Edge Malaysia: The growth of Islamic banks in Malaysia has outpaced its conventional peers, with penetration growing tremendously over the past 10 to 15 years and now accounting for around 40% of the total financing in Malaysia, according to Moody’s Investors Service (Moody’s). Moody’s Financial Institutions Group analyst Wong Chong Jun said the penetration rate stood around...

Global sukuk issuance to fall slightly in 2021 as financing needs ease Gross long-term global sovereign sukuk issuance will amount to $96 billion in 2021, below the $109 billion issued in 2020, Moody's said in a report Global sukuk issuance is expected to fall slightly in 2021 as financing needs narrow amid higher oil prices, lower coronavirus-related expenditures and accelerating economic activity in core sukuk-issuing countries,...