Business Credit – How To Occupy http://howtooccupy.org/ Mon, 05 Jul 2021 12:55:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://howtooccupy.org/wp-content/uploads/2021/07/icon.png Business Credit – How To Occupy http://howtooccupy.org/ 32 32 Credit FAQ explores the rapid growth engines of Islamic banks https://howtooccupy.org/credit-faq-explores-the-rapid-growth-engines-of-islamic-banks/ Mon, 05 Jul 2021 12:40:11 +0000 https://howtooccupy.org/credit-faq-explores-the-rapid-growth-engines-of-islamic-banks/ Singapore, July 5 (ANI): Islamic banks are expected to continue to grow faster than their traditional Southeast Asian counterparts, and SP Global Ratings will bring growth drivers and risks to the industry between now and Covid- Monday, after analysis. The Islamic Bank said it has enjoyed government support, a large Muslim population in many Southeast […]]]>

Singapore, July 5 (ANI): Islamic banks are expected to continue to grow faster than their traditional Southeast Asian counterparts, and SP Global Ratings will bring growth drivers and risks to the industry between now and Covid- Monday, after analysis.

The Islamic Bank said it has enjoyed government support, a large Muslim population in many Southeast Asian countries, and a strong demand for Sharia-compliant financial products.

Additional benefits include increased standardization of contracts and the potential integration of global legal and regulatory frameworks for Islamic finance.

Nonetheless, these institutions, such as traditional banks, are experiencing a pandemic crisis. In the new wave of infection, growth rates of Islamic banks are expected to ease and tensions over asset quality will last longer, SP said.

High levels of tolerance for traditional and Islamic banks mask the true range of weak lending in these emerging markets. Recognition of problematic loans will be delayed, but temporary solutions will help stressed borrowers.

This potentially masks asset quality issues and underestimates the impact on earnings and capital, SP said.

In addition, the sudden disruption of business and operations brought on by the pandemic has resulted in a rapid shift in mindset and strategy among Islamic lenders who are more actively considering product digitization, FinTech partnerships and outsourcing. Did.

In addition to these questions, the FAQ addressed other questions that investors may have, such as downside risk, mergers and acquisitions, comparative growth in sectors between Brunei, Indonesia, Malaysia and the Philippines. (ANI)

Credit FAQ explores the rapid growth engines of Islamic banks

Source link Credit FAQ explores the rapid growth engines of Islamic banks

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