BERNAMA.COM - KUALA LUMPUR, Oct 4 (Bernama) -- Maybank Islamic Bhd expects its
contribution from asset financing to the Maybank Group in the current
financial year to be consistent with the previous year.
Its chief executive officer Muzaffar Hisham said almost one third of the
Maybank Group's asset financing in Malaysia came from Islamic assets in
the last financial year ended June 30, 2011. (source)
"This financial year will be shorter, about six months because we're
changing our financial year-end. It should be within the range. I won't
expect much changes because we are looking at much shorter financial
year," he told reporters on the sidelines of the Eighth Kuala Lumpur
Islamic Finance Forum here Tuesday.
Currently 27 per cent of Maybank Group's total loan and advances come from Islamic banking.
On the Budget 2012 announcement due later this week, Muzaffar said
Maybank Islamic was confident that there will be something for the
Islamic finance industry.
"We don't want to speculate. We had given our wish list through the
association. This is important year for them (the government) as well,
with the challenging market currently," he said.
Source : http://www.bernama.com/bernama/v5/newsbusiness.php?id=617681 - Oct 4, 2011
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