Page 40 - KLIFF2022eBook

FSBP2022-2026 unveils MIFC future vision and aspiration

The Financial Sector Blueprint 2022 – 2026 sets out BNM's development priorities for the financial sector
over the next five years. One of the thrusts includes “Advance value-based finance through Islamic
finance leadership” with key area of sharpening Malaysia’s proposition as an international gateway for
Islamic finance, among others.

MIFC Vision Moving Forward

Malaysia as a global gateway for Islamic finance markets in Asia and OIC

Connecting businesses, investors and other stakeholders to Islamic finance opportunities in Asia and OIC

Industry-led initiatives, supported by Malaysia’s talent services ecosystem

Specialising in sustainable finance and halal economy

Leveraging existing strengths… …and guided by strategic outcomes

Enabling regulatory and legal frameworks
Business Leadership
Dimension Dimension

Diverse products, players and
market segments Inward

Vibrant Innovation in
Host to key global Islamic marketplace
finance infrastructures (e.g. for diverse Islamic
finance
3
1
IFSB , IILM , CoE of IsDB ) Islamic solutions for
2
finance business focus areas
Vibrant talent ecosystem serving
global Islamic finance needs (e.g. Outward
INCEIF, IBFIM, ASAS )
4
Active tapping of Global influence
Shariah-compliant market global in
infrastructures (e.g. BSAS , BM-i ) opportunities areas of strength
5
6
1 Islamic Financial Services Board 4 Association of Shariah Advisors in Islamic Finance
2 International Islamic Liquidity Management Corporation 5 Bursa Suq Al-Sila’
3 Centre of Excellence of Islamic Development Bank 6 Bursa Malaysia-i

MIFC 5-Year Priorities

Strengthen gateway-critical capabilities in Malaysia’s Islamic financial industry
• Improve the Islamic financial industry’s global distribution capabilities
• Facilitate nascent Islamic financial innovations, including to accelerate the scaling up
of new products and services
• Strengthen global partnerships to advance Islamic financial innovations beyond
Malaysia’s borders
• Refine measures towards strengthening the country’s global competitiveness as an
Islamic finance gateway
• Enhance the role of Islamic finance to support national halal agenda

Promote greater industry leadership
• Enhance mechanisms for greater industry leadership including reforming existing
mechanisms and platforms to be more agile

Facilitate further deepening of Malaysia’s Islamic financial and capital markets
• Promote Malaysia as the centre for origination, issuance, and trading for sukuk
• Enhance best practices and standards in the Islamic money and capital markets
• Review and improve the structure of Islamic instruments

For more information, visit www.bnm.gov.my/publications/fsb3

www.mifc.com
@MalaysiaIF
Malaysia World’s Islamic Finance Marketplace