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Malaysia’s Islamic fintech sector on the rise, set to hit US$12 billion by 2026

Tan Ai Leng
Published Tue, Apr 4, 2023 · 06:41 PM

[KUALA LUMPUR] The chief executive of Malaysia Digital Economy Corporation – a government agency spearheading the economy’s digital transformation – is bullish about the future of the Islamic fintech sector as a key source of economic growth.

Mahadhir Aziz said: “Leveraging Malaysia’s market dominance in Islamic finance and Islamic fintech, we have been successful in exporting Malaysian Islamic fintech solutions to international communities.”

He noted that the government has been actively supporting efforts to strengthen Malaysia’s global standing in the Islamic fintech industry.

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