Sarawak: The launch of the Islamic Banking Window by the Development Bank of Sarawak (DBOS) not only strengthens its financial offerings but also reinforces Sarawak’s commitment to inclusive, value-based development.

According to BERNAMA News Agency, Sarawak Premier Tan Sri Abang Johari Tun Openg said the initiative presents a timely and strategic opportunity for DBOS to position Sarawak within the global Islamic financial ecosystem, ushering in a new era defined by scale, sustainability, and strategic integration.

Abang Johari highlighted the growth of the global Islamic finance sector in the post-pandemic era, which presents new opportunities for Sarawak to position itself within the international Islamic finance landscape. He referenced a report by Standard Chartered Bank on Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts, noting that shariah-compliant financial assets, including Islamic banking, sukuk, and investment funds, surpassed US$5.5 trillion in 2024 and are projected to reach US$7.5 trillion by 2028.

He made these remarks while officiating DBOS Integrity Day, themed ‘Advancing Sarawak with Integrity’, and launching the DBOS Islamic Banking Window. The initiative marks a significant step for DBOS in positioning Sarawak within the rapidly expanding global Islamic finance ecosystem.