Islamic Banking

The government plans to incorporate sukuk in its 2025 financing mix. 

This is thanks to the country's drive for financial inclusion and robust economy amongst others.

Asia’s Islamic banking sector is expanding rapidly.

Indonesian banks may benefit from widening margins, however.

 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.

Government support pushes the sector to an upward trajectory.

The products are now available at Eccellente by HAO Market in Singapore.

Bank Rakyat was the most favourably-covered bank in the past year.

For smaller players, this may be their best bet to protect their assets.

The lack of available online banking options will be a dealbreaker for most.