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S&P Global: Islamic banks to drive Malaysia s overall banking growth | Money

KUALA LUMPUR, June 2 – S&P Global Ratings expects the overall banking growth in Malaysia to be mainly driven by Islamic banks which have been growing at a robust pace in the past decade. The credit rating agency said that the Malaysian banking sector loan growth was projected to be around six.

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Furore over 10-point agenda for Birnin Gwari, dreaded enclave of criminality in Kaduna

Translate Home » Arewa Voice » Furore over ‘10-point agenda’ for Birnin Gwari, dreaded enclave of criminality in Kaduna Furore over ‘10-point agenda’ for Birnin Gwari, dreaded enclave of criminality in Kaduna On By Ibrahim HassanWuyo Who drew up the now controversial 10-Point development agenda for Birnin Gwari, the enclave for criminality in Kaduna State? This is the question that begs for urgent answer as the controversial ‘agenda’ continues to trend online, while the authors remain unknown. At first, some elements attributed it to the Kaduna State Government given the lofty contents of the agenda. But the State Government has since denied authorship of the document, thereby raising more questions on the originality of the contents and spirit of the agenda.

Covid-19 set to cut spending for Islamic economy sectors

Business December 31, 2020 KARACHI: Muslim spending for the six real-economy sectors would likely fall by eight percent during the outgoing year due to economic fallout from the coronavirus pandemic, the State of the Global Islamic Economy Report 2020/21 said on Wednesday. The online launching ceremony of the report was held at the Centre of Excellence in Islamic Finance Institute of Business Administration. This year’s report estimates that Muslims spent $2.02 trillion in 2019 across the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors, all of which were impacted by Islamic faith-inspired ethical consumption needs. This spending reflects a 3.2 percent year-on-year growth from 2018. In addition, Islamic finance assets were estimated to have reached $2.88 trillion in 2019.

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