Growing affluent segment drives demand for wellness, health-related products: Allance Islamic Bank CEO

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Growing affluent segment drives demand for wellness, health-related products: Allance Islamic Bank CEO
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KUALA LUMPUR: A growing affluent segment in Malaysia is driving demand for wellness and health-focused products, said Alliance Islamic Bank Bhd CEO Ri...

Rizal says in Malaysia and Asia, there has always been greater openness towards both medical and alternative medicine products.: A growing affluent segment in Malaysia is driving demand for wellness and health-focused products, said Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim.

“In Malaysia, I think there is greater openness, perhaps even more. I think just generally across the world, when communities become much more affluent, they start thinking much more in terms of wellness and health,” he toldHe said Malaysia has reached the level where there is a generally growing affluent segment that is looking for the products which OB Holdings is offering.

Additionally, he noted, “We have a very vibrant stock market at this point in time, driven by global economic situations and global interest rates. So, I think it’s just the right time for OB Holdings to go public with their shares.”

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