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InterviewsNovember 24 2010

Malaysia shows the way forward

HSBC Amanah's chief executive officer, Mukhtar Hussain talks to Stephen Timewell about the developments of Islamic finance in Asia and how Malaysia is shaping up to be a key market for HSBC Amanah, and Islamic finance in general.
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Q: How do you see the growth in Islamic financial services in Asia?

A: The opportunities for growth in Asia are huge and the growth of Islamic finance has been widespread across Indonesia, India, Malaysia, Bangladesh and other countries in the region. Of the 1.6 billion Muslims worldwide, 1 billion are in Asia - these statistics for Asia do not include Pakistan. Also, when you look at emerging markets, these are facing growth of up to 6.5% and Asian markets are growing at a faster rate than others.

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