BNM, SC Convene Inaugural Meeting To Advance Islamic Finance Agenda
KUALA LUMPUR, June 23 (Bernama) -- Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have convened the inaugural Malaysia International Islamic Financial Centre (MIFC) Advisory Panel (MAP) meeting yesterday.
A joint statement said the MAP, an inter-agency advisory and consultation platform, was set up to strengthen further Malaysia's position as a leading global marketplace and international gateway for Islamic finance.
MAP's key roles were discussed. This includes providing strategic guidance to refine and support the priorities of the MIFC Business Network (MBN), an industry-led platform to sharpen Malaysia's international Islamic finance agenda and business development efforts, the statement said.
"MAP will also ensure that industry-led initiatives are well-resourced and align with broader national economic strategies. It will also deliberate on industrial challenges and provide recommendations to catalyse stronger growth.
“MAP will also leverage collective insights to enhance international participation and foster greater cross-border collaboration in Islamic finance," the statement said.
It also noted that the establishment of MAP will lead to a shift towards greater industry-led stewardship, supported by close collaboration between the public and private sectors.
-- BERNAMA