Malaysia’s islamic finance growth will be stable in 2014

Malaysia’s domestic Islamic finance growth is expected to be stable this year despite uncertainties in global and local economies, Bernama news agency said Wednesday citing an expert.CIMB Islamic Bank Berhad Chief Executive Officer and Executive Director Badlisyah Abdul Ghani said the short-term impact on the local currency and other economic uncertainties will not have a real influence on Islamic finance growth.“If the currency is strong, Islamic finance will continue with it and if the currency is slightly weaker, it will still be done. Islamic finance will continue to grow very well in Malaysia, it has grown positively over the last few years and will continue to do so until 2020 and beyond,” he told reporters on the sidelines of the Learning Conference: Islamic Banking and Finance Law 2014 here today, Bernama said.