Bank Negara Malaysia ("BNM") and the Securities Commission Malaysia ("SC") on 5 October 2022 announced the establishment of the Malaysia International Islamic Financial Centre ("MIFC") Leadership Council. The Council serves as a platform to provide industry stewardship in enhancing Malaysia's proposition as a global marketplace and an international gateway for Islamic finance.
The roles of the MIFC Leadership Council include providing thought leadership as well as driving strategy formulation and monitoring industry initiatives to solidify Malaysia's leading position in Islamic finance.
Tan Sri Azman Mokhtar will lead the Council as the Chairman, with the Council members comprising prominent local and international industry figures as well as representatives from BNM and SC.
Appointed for a term of three years, the Council members will be guided by national strategic development plans, including BNM's Financial Sector Blueprint 2022-2026 and the SC's Capital Market Masterplan 3.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
