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3 years ago

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Rough ride ahead for remaining two standalone foreign Islamic banks

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Rough ride ahead for remaining two standalone foreign Islamic banks

THE going has been tough for the two remaining standalone foreign Islamic banks in the country — Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corp (Malaysia) Bhd (Al Rajhi Malaysia). Both have struggled for a long time to make strides in the competitive Islamic banking space and the coronavirus pandemic has only made things more challenging, raising questions about their long-term survival or future in the country.KFHM slipped into a net loss of RM39.89

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Rough ride ahead for remaining two standalone foreign Islamic banks

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