The Islamic Banking in the Southeast Asia is expected to rapidly recover from the pandemic and continue to grow faster than conventional banking. The region includes key majority-Muslim markets, like Malaysia and Indonesia, with young and growing populations driving the demand for shariah-compliant offerings. Government efforts to promote and develop the Islamic Banking sector can be observed across the Southeast Asian countries. There are significant opportunities, both on the retail and the corporate banking side, to be tackled with a digital proposition and low-cost model for effective competition with local banks.
A webinar to dive deeper into Islamic Banking in Southeast Asia, the opportunity it presents banks in Asia and the Middle East, and how organizations can seek to capitalize on it.