Special Report: Labuan IBFC on an upward trajectory after slow start

It is against this challenging global backdrop of recent years that Malaysia’s Labuan International Business and Financial Centre (Labuan IBFC) is seeking to make a stronger mark for itself. It plans to develop a niche in the areas of Islamic finance/sustainability

13 Sep 2023

Cover Story: CSAA - Leveraging on Shariah Diversity for a Common Goal

06 Sep 2023

INTERVIEW: Inside Malaysia's five-year insurance regulation framework

Speaking to Asia Insurance Review, Bank Negara Malaysia (BNM) assistant governor for financial development and innovation department Suhaimi Ali highlighted some of the main areas of development of the insurance and takaful sector.

12 Dec 2022

INTERVIEW: Dr Mohd Daud Bakar, recipient of The Royal Award for Islamic Finance 2022

24 Nov 2022

E-money: Toward promoting greater economic efficiency

In an effort to provide a robust financial system infrastructure, Bank Negara Malaysia (BNM) has established reliable, efficient and secure payment systems. Specifically, under the retail payment system, there are four designated payment instruments: (i) debit cards, (ii) credit cards, (iii) charge cards and (iv) e-money. 

25 Nov 2021

Digital banking to accelerate Malaysia’s financial inclusion agenda

Bank Negara Malaysia (BNM) had formulated a robust Financial Inclusion Framework under the Financial Sector Blueprint 2011–2020. Revisiting the framework in 2017, BNM embedded six new strategic plans into it (Figure 1). To accelerate the inclusivity agenda, BNM issued the Licensing Framework for Digital Banks (Licensing Framework) in December 2020.

25 Nov 2021

Why build a talent-centric economy to propel future Islamic finance growth?

The importance of talent management cannot be overemphasized since a nation’s success is measured by, among other things, its GDP per capita (or per person). GDP per capita is a crucial indicator of economic performance and a useful cross-country comparison of average living standards and economic well-being. The population denominator used in the metrics highlight the significance of a nation’s people in propelling its economy forward. 

19 Aug 2021

Value-based Intermediation Takaful Framework: A new game changer

According to the World Bank’s June 2021 Malaysia Economic Monitor report, the recent resurgence of the COVID-19 infections has impacted households, firms and the country’s overall economic recovery. To safeguard the people’s wellbeing, the World Bank proposed some pertinent reforms to address the rising risks, including deepening the social protection system and improving the coordination of targeted approaches and delivery of social protection programs.

19 Aug 2021

Toward a green economy: Mapping SDGs against Malaysia’s annual budget

Since the 11th Malaysia Plan (11MP, 2016–20), the nation’s economic development has been based on three main pillars: 1) a high-income economy,2) the promotion of inclusivity and 3)ensuring sustainability

16 Jun 2021