Financial sector will hold strong: Maybank Islamic

Maybank Islamic Bhd is optimistic that Malaysia's financial sector will hold strong in the current turmoil and weather through the storm. Its chief executive officer Datuk Muzaffar Hisham is also confident that foreign investors will continue to invest in Malaysia's financial sector for the long run. Muzaffar was speaking to reporters after the signing ceremony between Maybank Islamic and the Selangor State Government for a new home financing package. On Thursday, Maybank Islamic recorded a revenue of RM1.9 billion for the first half ended June 30, 2015. Muzaffar said the group is expecting a lower loan growth for the second half of this year and will continue to monitor closely to maintain sustainability for the next few quarters.