IslamicFinance.de

Malayan Banking Bhd (Maybank) provided more Islamic loans than non-Shariah compliant financing in Malaysia for the first time in 2015 and the business was also more profitable. Maybank Islamic Bhd contributed 51 per cent of loans by the nation's biggest lender, up from 44 per cent in 2014, and a share 10 to 20 percentage points higher is possible, chief executive officer Muzaffar Hisham said. The unit achieved an average 16 per cent return on equity in the last four years, compared with 14 per cent for its parent. Maybank Islamic's total financing rose 21 per cent to RM131.1 billion (S$44.2 billion) last year. Growth will probably moderate to less than 10 per cent in 2016.