List of banks in Malaysia

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This section is an excerpt from Economy of Malaysia § Finance and banking.[edit]
Headquarters of Maybank, Malaysia's largest bank

Kuala Lumpur has a large financial sector, and is ranked the 22nd in the world in the Global Financial Centres Index.[1] There are currently 27 commercial banks (8 domestic and 19 foreign), 16 Islamic banks (10 domestic and 6 foreign), 15 investment banks (all domestic) and 2 other financial institutions (both domestic) operating in Malaysia.

Commercial banks are the largest and most significant providers of funds in the banking system. The biggest banks in Malaysia's finance sector are Maybank, CIMB, Public Bank Berhad, RHB Bank and AmBank.

Malaysia is currently also the world's largest centre of Islamic Finance. Malaysia has 16 fully-fledged Islamic banks including five foreign ones, with total Islamic bank assets of US$168.4 billion, which accounts for 25% of the Malaysia's total banking assets.[2] This in turn accounts for over 10% of the world's total Islamic banking assets. In comparison, Malaysia's main rival UAE, has US$95 billion of assets.[3]

Malaysia is the global leader in terms of the sukuk (Islamic bond) market, issuing RM62 billion (US$17.74 billion)[4] worth of sukuk in 2014 - over 66.7%[5] of the global total of US$26.6 billion[2][6] Malaysia also accounts for around two-thirds of the global outstanding sukuk market, controlling $178 billion of $290 billion, the global total.[7]

The Malaysian government is planning to transform the country's capital Kuala Lumpur into a major financial centre in a bid to raise its profile and spark greater international trade and investment through the construction of the Tun Razak Exchange (TRX). The government believes the project will allow Malaysia to compete with regional financial superpowers such as Singapore and Hong Kong, by leveraging on the country's established strength in the rapidly growing Islamic financial marketplace.[2]

Based in Kuala Lumpur, Bursa Malaysia serves as the country's sole national stock exchange. Trading of shares started in 1960 and it is today one of the largest bourses in Southeast Asia.[8][9]
  1. ^ "GFCI" (PDF). Archived from the original (PDF) on 4 September 2015. Retrieved 5 April 2015.
  2. ^ a b c "Theconversation". 11 November 2013. Archived from the original on 10 April 2015. Retrieved 5 April 2015.
  3. ^ "Theconversation". 18 September 2014. Archived from the original on 10 April 2015. Retrieved 5 April 2015.
  4. ^ "Institutional Investor". Archived from the original on 17 April 2015. Retrieved 11 April 2015.
  5. ^ "The Star". Archived from the original on 11 April 2015. Retrieved 11 April 2015.
  6. ^ "HomilyChart". Archived from the original on 16 October 2015. Retrieved 12 April 2015.
  7. ^ "Moody's". 5 June 2014. Archived from the original on 14 April 2015. Retrieved 11 April 2015.
  8. ^ "Overview". www.bursamalaysia.com. Archived from the original on 13 August 2023. Retrieved 2022-03-30.
  9. ^ "Bursa Malaysia history". Archived from the original on 19 April 2007.