Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have announced the establishment of the Malaysia International Islamic Financial Centre (MIFC) Leadership Council. The Council will provide industry stewardship to enhance Malaysia’s proposition as a global marketplace and as an international gateway for Islamic finance.
The MIFC Leadership Council will provide thought leadership as well as drive strategy formulation and monitoring industry initiatives to solidify Malaysia’s leading position in Islamic finance. It is expected to catalyse industry developments towards nurturing new ideas, deepen and diversify strategic linkages with international partners and strengthen MIFC global advocacy.
Appointed for a term of three years, the Council members will be guided by national strategic development plans, including BNM’s Financial Sector Blueprint 2022 - 2026 and the SC’s Capital Market Masterplan 3 (CMP3). Tan Sri Azman Mokhtar will lead the Council as the Chairman, with council members comprising prominent local and international industry figures as well as representatives from BNM and SC.
In undertaking its mandates, the Council will leverage the expertise of and collaborate with experts from the financial, corporate and academic fraternity as well as relevant authorities and agencies, to advance areas of mutual interest and support deliberation of industry’s initiatives.