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Digitisation Allows Islamic Banks to Bypass Branches

Digitisation Allows Islamic Banks to Bypass Branches

Morning Brief

July 9, 20198m 50s

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Show Notes

Islamic banks in Malaysia are poised to benefit from digitisation because of their lack of branches, according to Moody's. This will allow such banks to save costs and add more to expansion.

While Malaysia is an Islamic Banking leader, Indonesia will quicken its pace given its large population and increasing banking and internet penetration.

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Topics

Financial ServicesEconomyMarketsislamic bankingfinancedigital banks