The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Malaysia’s Islamic fintech sector on the rise, set to hit US$12 billion by 2026

google-preferred-sourceAdd BT as a preferred source
Tan Ai Leng

Tan Ai Leng

Published Tue, Apr 4, 2023 · 06:41 PM
    • Malaysia’s favourable regulatory and business environment have bolstered the development of the country's Islamic fintech sector, say analysts.
    • Malaysia’s favourable regulatory and business environment have bolstered the development of the country's Islamic fintech sector, say analysts. PHOTO: BT FILE

    [KUALA LUMPUR] The chief executive of Malaysia Digital Economy Corporation – a government agency spearheading the economy’s digital transformation – is bullish about the future of the Islamic fintech sector as a key source of economic growth.

    Mahadhir Aziz said: “Leveraging Malaysia’s market dominance in Islamic finance and Islamic fintech, we have been successful in exporting Malaysian Islamic fintech solutions to international communities.”

    He noted that the government has been actively supporting efforts to strengthen Malaysia’s global standing in the Islamic fintech industry.

    MalaysiaFintechAseanAsean BusinessIslamic bankingSpotlight

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    SJ Heng, senior director of commerce at Heineken Asia-Pacific, says that a beer's brand is "not determined by the postal code of the brewery".

    Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation

    Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave.

    Single founders, billion-dollar valuations: AI is minting unicorn startups at birth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More