Date
25/05/2021
The Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Centre for Financial Health programme, today launched an innovation programme to develop a vibrant Islamic fintech innovation ecosystem in Malaysia’s Islamic capital market (ICM).
The programme, known as the FIKRA Islamic Fintech Accelerator Programme (FIKRA), kicked off today with its inaugural initiative, the first accelerator focusing on fintech for the ICM in Malaysia. FIKRA aims to identify and scale relevant and innovative Islamic fintech solutions that can help address three main challenge areas, namely, new ICM offerings, accessibility and social finance integration .
SC Chairman, Datuk Syed Zaid Albar said, “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. The accelerator and future initiatives under FIKRA will advance the deve
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.
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