By S. Joan Santani
KUALA LUMPUR, June 19 (Bernama) -- The sustained effort to enhance the regulatory and legislative framework to support Islamic financial transactions will continue to place Malaysia as the biggest player in the global Islamic banking industry, says CIMB Islamic Bank Bhd.
Chief Executive Officer Badlisyah Abdul Ghani said despite the growing competition from other markets, such as Indonesia and Saudi Arabia, Malaysia's better and firm framework would be a value added.
"You will see a lot more jurisdictions getting bigger and bigger in Islamic banking in their respective financial markets.
"But Malaysia will continue to be significant because we are leading in terms of the infrastructure being put in place," he told Bernama on the sidelines of the just ended 19th Malaysian Banking Summit here.
Badlisyah was a speaker at a panel discussion on "The Future of Islamic Banking: Where Do We Go From Here?"
Malaysia already has over 60 per cent market share of sukuk and nearly 25 per cent of the world's Islamic banking assets.....