The Islamic Finance Industry Should Capitalise on the Global Digital Economy: CEO, Bank Islam Malaysia

During the “Global Update on Islamic Digital Banking and Islamic Fintech” session at the 16th Kuala Lumpur Islamic Finance Forum (KLIFF), which was held virtually, Chief Executive Officer of Bank Islam Malaysia (Bank Islam), Mohd Muazzam Mohamed, urged players in the industry to adopt more significant roles in taking charge of the digital economy. Mohd Muazzam encouraged players to experiment and employ new technological solutions.

Why it matters?

Bank Islam has established the Centre of Digital Experience, and is now working to set up a sub-brand digital banking window in order help to harness the growing digital economy. As COVID-19 has accelerated the shift towards a more digital economy, Islamic finance players need to be agile in re...