Ongoing market forces are likely to provide a challenge for banks, but demand for islamic products is high. Maybank Islamic's CEO Mr Ibrahim Hassan discusses how Malaysia's banking environment remains competitive.rnThe Islamic banking market in Malaysia has matured over the years with a well-developed framework and an extensive number of players that now stands at 11 domestic Islamic banks, seven foreign-owned Islamic banks and four Islamic window operators.rnMalaysia recognizes that there is huge growth potential in the Islamic finance arena and the central bank has a target for Islamic assets to account for 20% of the total banking assets by 2010.
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