Islamic Finance Catalyst for Economic Recovery in Malaysia: GIFF2022 Briefing  

Islamic finance serves as one of the main forces for change and is the solution to economic recovery and rising energy demand in Malaysia, as highlighted by Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) President, Mohd Muazzam Bin Mohamed, in a media conference on the 23rd of September 2022, in support of the upcoming Global Islamic Financial Forum 2022 (GIFF2022), set to take place in October 2022.

Why it Matters?

As policies, technology, and talent continue to be developed in the country, the Islamic financial technology (fintech) industry has matured and is expected to see further growth. According to Muazzam, this is supported by a strong foundation and backing from Bank Negara Malaysia (BNM) and government organisations...