The Securities Commission has launched Fikra Ace, a fintech initiative that aims to enhance the ICM ecosystem.
In a statement, the SC said Fikra Ace is the enhanced, three-year initiative following the launch of its inaugural Islamic fintech accelerator programme – Fikra in May 2021.
It also aims to support the Islamic fintech space by building capacity and a talent pipeline for the industry. SC chairman Datuk Seri Dr Awang Adek Hussin said Malaysia has the capability to sustain a thriving Islamic fintech ecosystem by capitalising on its global leadership in the Islamic capital market.
In 2021, Islamic fintech transactions in Organisation of Islamic Cooperation countries totalled US$79bil .
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