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Venture Overseas To Expand Businesses, Islamic Banking Sector Urged

Last update: 15/10/2015
 
By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 15 (Bernama) -- The domestic Islamic banking industry players should be brave enough to tap into foreign markets to expand their businesses and grow the industry, says Amanie Group Executive Chairman, Datuk Dr Mohd Daud Bakar.

Mohd Daud said the companies were too afraid to face the potential risks in the foreign markets.

"They are too obsessed with their own success stories and tend to focus on setting up their businesses only in Malaysia. They should use their expertise to explore outside market.

"In this segment, we have the experts and many countries hope that we bring our capital as well as expertise to set up a Malaysian bank," he told Bernama.

He said Malaysia has the capability to set up banks and companies offering Islamic banking products and services as it is the third biggest Islamic banking industry player in the world after Iran and Saudi Arabia.....

 
 
 

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