KUALA LUMPUR, Sept 4 (Reuters) - OCBC Malaysia's Islamic banking business will grow by around 20 percent a year as it introduces more Sharia-compliant products and as more Malaysians switch from conventional banking, its chief executive said on Thursday.
The growth in Islamic financing will 'definitely be in the high teens or in the 20 percent level,' CEO Jeffrey Chew told Reuters in an interview. He added that about 60 to 70 percent of OCBC Malaysia's Islamic banking customers are non-Muslims.
Chew said the Malaysian unit of Singapore's Oversea-Chinese Banking Corp
OCBC Malaysia, the second largest foreign bank in Malaysia after HSBC (nyse: HBC - news - people )
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Alfalah Consulting-Kuala Lumpur: www.alfalahconsulting.com
Islamic Consultant & Trainer: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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