Suite Talk: Strengthening Islamic Capital Market Proposition through Fintech

The adoption of financial technology (fintech) is gaining prominence in the Islamic capital market ecosystem over the past years. Fintech, which refers to the application of disruptive technology to traditional financial services aimed to achieve cost optimization in a more efficient way. There have been numerous offerings by the Islamic capital industry in coming up with products and services that require the use of fintech to meet the evolving demand for better efficiency. Malaysia, championing the Global Islamic Fintech (GIFT) Index provided a conducive environment to promote the growth of Islamic fintech, has seen an increase in Shariah-compliant products and services. Various initiatives have been introduced to put Malaysia at the forefront in Islamic fintech ecosystem. Hence, it is timely to gain insights into the need to keep developing and promoting the applications of fintech in expanding the Islamic capital market offerings.

*The SIDC reserves the right to amend the programme as deemed appropriate without prior notice