How many local Islamic banks are there in Malaysia?

How many Islamic financial institutions are there in Malaysia?

The list of banks in Malaysia offering Islamic products (updated in 2015) have grown to 16 banks. Apart from banks, other non-banks intermediaries offering syariah based products are Malaysia Building Society Berhad (MBSB) and cooperatives registered under the Cooperative Commission of Malaysia (SKM).

How many banks are there in 2020 in Malaysia?

The Malaysian banking sector consist of 27 commercial banks (including 19 licensed foreign banks), 11 investment banks, 18 Islamic banks as well as non-bank financial institutions. Affin Bank – A wholly owned subsidiary of Affin Holdings Berhad (AHB).

How many Islamic banks are there in the world 2020?

In 2019, the number of commercial Islamic banks worldwide amounted to 428 banks. In the same year, the total assets of global Islamic banking amounted to about 1.99 trillion U.S. dollars sharing about six percent of the total global banking assets.

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