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.
Contents
- Central Bank
- Top largest banks in Malaysia
- Malaysian national nationwide banks
- List of foreign banks (commercial)
- List of Digital banks in Malaysia
- List of banks with marketing and representative offices in Malaysia
- List of offshore banks and branches in Labuan (licensed and regulated by Labuan Financial Services Authority)
- Investment banking arm (wholesale banking)
- Investment banks (full list)
- Merchant bank
- Other types of banks
- 18 Islamic banks (local and foreign) (full list)
- Development financial institutions (government-owned banks) (full list)
- Discount house
- Moneybrokers (full list)
- Other financial institutions (full list)
- List of credit cards, charge cards, debit cards and prepaid cards issuers
- Credit cards issuers
- Charge cards issuers
- Malaysia debit card issuers
- Prepaid card issuers
- Other (skl-banking) skl-owned financial related organisations
- Affiliates
- Other private financial institutions
- Licensed Money Lenders
- Defunct, merged, acquired or renamed banks
- Securities Commission skl related licensed intermediaries (Stock Broking related firms)
- 80 Licensed Fund Managers (+ Futures Fund Managers) ('full list)
- 16 Licensed Futures Brokers (full list)
- 37 Licensed Dealers (full list)
- 96 Licensed Investment Advisers (+ Financial Planner) (full list)
- 49 Registered Ventures Capital Corporations (full list)
- 42 Registered Ventures Capital Management Corporations (full list)
- List of Defunct Securities Commission related licensed intermediaries
- Investment-Link funds (Insurance companies - Takaful included)
- 8 Life and General Businesses(full list)
- 8 Life Businesses(full list)
- 26 General Businesses(full list)
- 1 Life and General Reinsurance Businesses (full list)
- 1 Life Reinsurance Businesses (full list)
- 4 General Reinsurance Business (full list)
- 12 Takaful Operators (full list)
- Defunct Insurance companies
- See also
- References
- External links
Commercial banks are the largest and most significant providers of funds in the banking system. The largest banks in Malaysia's finance sector include Maybank, CIMB, Public Bank, RHB Bank, and Hong Leong Bank.
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]
