Malaysian Islamic assets sector set for boom-Maybank

Islamic banking assets in Malaysia are expected to post double-digit growth rates annually, propelled by rising demand for sharia-compliant assets, the country’s top lender said on Monday.

Islamic banking accounts for about 13 percent of total banking assets in this mostly Muslim country, and is tipped to be one of the leading growth drivers for the Southeast Asian economy as services replace manufacturing as the economy’s backbone.  >>>>>

Without mentioning the terms Communism or Capitalism; other democracies around the world, from Asia to Africa (and back around) are using Islamic banking — and their not sinking economically.