KUALA LUMPUR: The Securities Commission Malaysia (SC) seeks to broaden Islamic financial technology (fintech) in the country’s capital market via its FIKRA Islamic Fintech Accelerator Programme (FIKRA).
FIKRA aims to identify and scale relevant and innovative Islamic fintech solutions that can help address three main challenge areas, namely, new Islamic capital market (ICM) offerings, accessibility and social finance integration.
"Islamic fintech in the Malaysian capital market is still at a nascent stage, but there is great potential for exponential growth with the right ecosystem,” chairman Datuk Syed Zaid Albar said in his speech at the launch of the programme today.