Bank Negara Malaysia and the Securities Commission Malaysia discussed the key roles for the Malaysia International Islamic Financial Centre (MIFC) Advisory Panel (MAP) an inter-agency advisory and consultation platform set up to strengthen Malaysia’s position as a leading global marketplace and international gateway for Islamic finance.
Among the areas discussed is to Provide Strategic Guidance: Refining and supporting the strategic priorities of the
MIFC Business Network (MBN), an industry-led platform envisioned to sharpen Malaysia’s international Islamic finance agenda and business development efforts; Align National Priorities: Ensuring industry-led initiatives are well-resourced and
aligned with broader national economic strategies; Advance Business Outcomes: Deliberating on industry challenges and providing actionable recommendations to catalyse stronger growth; and Pursue Global Opportunities: Leveraging collective insights to enhance international participation and cross-border collaboration.
The MAP brings together key government agencies, regulatory bodies and industry leaders, ensuring a holistic approach to advancing the MIFC agenda. Co-chaired by BNM and SC, the MAP comprises representatives from the Ministry and government agencies.
The establishment of the MAP coincides with the formal transition of the MIFC Leadership Council (MLC) into the MBN. This evolution marks a shift towards greater industry-led stewardship, supported by close collaboration between the public and private sectors.
