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Greetings from MIFC
MIFC epicentre is here again to update you on exciting news in Islamic finance, highlighting on the rising trend of financial technology (fintech). Over the years, more people are adapting to fintech, looking at the fast growing number of transactions using e-payments. With the continued rise in technology innovation and demand, Islamic finance industry also joins the fintech wave. For example, several initiatives related to Islamic finance and fintech such as integrating social finance into Islamic financial services through technology have been introduced into the market, to enhance competitiveness and increase productivity of the sector. The MIFC Team has produced an infographic on Islamic fintech for your reference to better understand the concept and latest initiatives of the industry. 

The MIFC Team
The Islamic Fintech Initiatives in Malaysia
View Infographic

Shifting Tides: Future of Finance

In a recent speech by Governor of Bank Negara Malaysia at the MyFintech Week 2019, fintech is seen holding enormous potential to enhance competition, increase productivity, address unfulfilled consumer demand and fundamentally change the way institutions provide financial services.
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Moody's: Digitisation and regulatory support drive growth of Islamic finance in Malaysia, Indonesia

Digitisation, along with continued government commitment to develop Islamic banking, will support the growth of the sector in both Malaysia and Indonesia, according to Moody’s Investors Service.
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Islamic Finance 2019-2020 Report: Fintech could stimulate Islamic finance industry

S&P Global Ratings believes the global Islamic finance industry will continue to expand slowly in 2019-2020. However, inclusive standardization, financial technology (fintech), and opportunities related to the industry's social role could help accelerate growth in the next few years.
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Malaysian Islamic banks are seen as actively embracing digitalisation

Malaysian Islamic financial institutions are seen to be actively looking to embrace digitalisation to support growth as Islamic finance has reached a tipping point and is set to see more digital product launches in the next six months.
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Minimal state support needed to boost Malaysia's Islamic digital economy agenda

Malaysia needs to develop a vibrant and holistic blueprint at the national level to build a successful Islamic finance-based digital economy in the country.
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Millennials key to the future of Islamic banking 

Younger customers are expected to play a crucial role in the growth of Islamic finance and expand its customer base in the future with an expanding young Muslim population, which is expected to reach 3 billion in 2060, up from 1.8 billion in 2017.
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The sukuk market starts 2019 well

S&P Global Ratings now anticipates total sukuk issuance of USD115 billion this year, including USD32 billion of foreign currency issuances, which is the upper limit of our previous forecast. 
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Halal industry to be a focus for Indonesia-Malaysia-Thailand

Indonesia has underlined the halal industry as one of the three areas of cooperation for the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).
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Islamic Finance Library
Islamic Finance Dashboard
Calendar of Events
Legal Documentation for Islamic Finance
Date: 10 - 11 July 2019
Venue: Kuala Lumpur, Malaysia

Muzakarah 13

Date: 23 - 24 July 2019
Venue: Bandar Seri Begawan, Brunei Darussalam

Recovery in Islamic Finance

Date: 24 - 25 July 2019
Venue: Kuala Lumpur, Malaysia

For more information please click here
Other News
  1. HSBC Malaysia launches ESG Islamic structured product
  2. Islamic banking industry continues to offer financing to eligible Malaysians
  3. Maybank wants to link up Gulf Cooperation Council, Asean with Islamic banking
  4. Responsible Finance Champions: CIMB Islamic Bank’s responsible finance journey
  5. UOB Malaysia launches Shariah wealth management solution
  6. China-based VC going big on ‘Taqwatech’ using Malaysia as digital Islamic economy hub
  7. Russia's Sberbank to Acquire Stake in Islamic Charity Platform PayZakat
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