KUALA LUMPUR, Oct 28 (Bernama) -- Fitch Ratings estimates Malaysia’s Islamic finance industry to have exceeded US$800 billion (US$1 = RM4.08) at the end of the third quarter of 2026 (3Q26), with growth expected to continue, supported by a deep domestic market, a mature ecosystem and policy support under Budget 2027.
Business : Fitch Sees Malaysiaâs Islamic Finance Topping US$800 Bln, Growth To Continue
Fitch Ratings, Islamic finance, Malaysia, GDP, gro
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Key takeaways
Fitch estimates Malaysia's Islamic finance industry surpassed $800 billion by 3Q26, with continued growth expected.
- Malaysia's Islamic finance industry exceeded $800 billion by 3Q26, over 150% of GDP.
- Sukuk and Islamic banking assets accounted for 47% and 42% of the industry, respectively.
- Malaysia remains the world's largest sukuk market, with 33% of global sukuk outstanding.
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