CIMB's Rafe Haneef: Steering the Once Fastest Growing Islamic Bank, Away From the Dreaded ‘Plateau’
Cooling growth and stabilising earnings in Islamic banking points to a plateauing of prospects after a heady performance in the roaring noughties. Has the industry hit its saturated moment, or is it readying itself for a resurgence? CIMB Islamic’s Rafe Haneef shares his thoughts with AWANI Review’s Ibrahim Sani.
It is fairly easy to measure the success of banks. Key indicators such as Return on Equity (ROE), Loan To Deposit Ratio (LDR), Asset size and Capital Requirements all make it quite effortless for the market to distinguish which banks are financially healthy and which aren’t. It is therefore unchallenging for the market to observe that CIMB Group, and its subsidiary companies did extremely well in 2017. But what of 2018 and beyond? However, a key indicator, that of growth,...
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