Malaysia leads Global Islamic Economy Indicator for eighth consecutive year driven by strong Islamic finance initiatives and ecosystem

Malaysia continues to forge the way ahead in Islamic economy and finance, leading the way for the eighth consecutive year based on the ranking by the Global Islamic Economy Indicator (GIEI). Its burgeoning Islamic FinTech and economy sectors continue to flourish aided by governmental support and Malaysia Digital Economy Corporation’s (MDEC) continuous push to expand the digitalisation of the economy and an aggressive creation of a conducive ecosystem for which it can thrive on.

For years, the government of Malaysia has identified Islamic finance and Islamic digital economy as Key Economic Growth Activities (KEGA) towards achieving and maintaining its position as the global Islamic FinTech hub. Malaysia is the largest Sukuk issuer in the world as well as having one of the best Halal standards globally.

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