07 July 2021: Credit FAQ explores fast-growth drivers for Islamic banking in SE Asia
Singapore, July 5 (ANI): Islamic banks will likely continue to expand faster than conventional peers’ in Southeast Asia, S&P Global Ratings said on Monday after analysing growth drivers and risks posed to the sector by Covid-19.
It said Islamic banks benefit from government support, a large Muslim population in many countries in Southeast Asia, and strong demand for Sharia-compliant financial products.
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