The plan to be issued soon lays down the future road map of the industry, highlight areas of improvement in legal, regulatory and taxation environments, emphasize diversification of products and markets covering non-traditional but strategically important sectors of agriculture and SMEs and increasing the Islamic banking market share to over 15% of the country’s banking system during the next five years.
In the event, it was 4.3%, which continued our record of expecting a modest slowdown that did not arrive. I also said that we expected growth to be 4% in the year to June 2000, and on present indications this still looks likely, even though the rate may well dip below 4% in the year to March.