Malaysia Seeks Sustainable Lead to Drive Islamic Finance Growth
- Digitalization, halal economy also on agenda: central bank
- Sector is looking for new drivers after global interest waned
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Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its $286 million industry.
Sustainable finance and digitization of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into under-served markets, said Bank Negara Malaysia Assistant Governor Adnan Zaylani Mohamad Zahid.