HLISB: 65% Malaysian Muslims prefer shariah-compliant banking, investment products

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KUALA LUMPUR: 65 per cent of Malaysian Muslims would choose Shariah-compliant banking and investment products, according to a Hong Leong Islamic Bank Bhd (HLISB) survey.

However, it said 77 per cent of the respondents did not have a documented financial plan, despite 84 per cent of them claiming to have the desire to be wealthy.

The HLISB survey was conducted among 690 Malaysian Muslims aged between 18 and 77 years old, most of whom recorded a median monthly household income of below RM10,000.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Dafinah Ahmed Hilmi Investment Shariah-compliant /Business/Business News Islamic banking Banking Hong Leong Islamic Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 15:47:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22084656

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

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News Last Updated: 2 hours ago

Coverage Areas: Malaysia

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