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The Malaysia International Islamic Financial Centre (MIFC) initiative was launched in 2006 to develop Malaysia as an international marketplace for Islamic finance. Since its inception more than 30 years ago, Islamic finance in Malaysia has progressed and developed into a sophisticated Islamic finance marketplace that is characterised by a robust regulatory and supervisory framework, a deep primary market and active secondary sukuk market, a diverse talent base with global capabilities and connectivity, and product breadth and depth. The Malaysian marketplace also provides an efficient system for multi-currency clearing and settlement.

The MIFC initiative comprises a community network of the country’s financial sector regulators, including Bank Negara Malaysia (Central Bank of Malaysia), Securities Commission Malaysia, Labuan Financial Services Authority and Bursa Malaysia (Kuala Lumpur Stock Exchange), Government ministries and agencies together with industry participation from the banking, takaful, re-takaful, capital market institutions, human capital development institutions and professional ancillary services companies which are participating and working collaboratively in Islamic finance. Malaysia welcomes industry practitioners to conduct international business in Islamic finance, while enjoying a highly conducive business environment. As a destination for financial investment, Malaysia offers a marketplace for global Shariah- compliant investment opportunities via a wide range of international financial institutions, extensive expertise and an array of Islamic financial products and services.

current organization
years of experience
30 years
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