Al Rajhi Bank Malaysia CEO Predicts Malaysia’s Islamic Banking Growth to Outperform Conventional Banking Growth

Arsalaan (Oz) Ahmed, Chief Executive Officer of Al Rajhi Banking and Investment Corporation (Malaysia), also known as Al Rajhi Bank Malaysia or ARBM, has stated that he foresees the growth of Islamic banking to outperform that of conventional banking in Malaysia. Speaking during a virtual media briefing regarding ARBM’s digitalisation plans recently, Arsalaan opined that Islamic banking will dominate Malaysia’s banking within the next decade.

Why it Matters?

Arsalaan stated that Islamic banking can set Malaysia apart from the critical market, and compete against other financial markets, while adding that ARBM was looking to support the growth of digital Islamic banking in the country. The importance of the bank playing its role in developi...