Malaysia’s Islamic Finance Sector  Poised for Increased Investment

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Malaysia’s Islamic Finance Sector Poised for Increased Investment

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KANGAR: Malaysia’s expanding Islamic finance ecosystem is set to attract more investments from both Islamic countries and global investors prioritizing ethical principles and social responsibility.

Associate Prof Dr. Mohd Zukime Mat Junoh, a senior lecturer at Universiti Malaysia Perlis, highlighted that the Islamic financial system’s appeal lies in its adherence to syariah requirements, transparency, and ethical investment practices. These factors make it an attractive option for investors seeking stability and ethical investing.

“Islamic finance emphasizes transparency, fairness, and social responsibility, offering a stable and ethical investment alternative,” Dr. Mohd Zukime told Bernama. He noted that the sector provides diverse investment products and services compliant with syariah principles, appealing to investors from Islamic countries.

Prime Minister Datuk Seri Anwar Ibrahim, speaking at the Global Forum on Islamic Economics and Finance, emphasized the need for the Islamic finance ecosystem to evolve towards value-based finance. He advocated for wealth sharing to uplift communities and ensure balanced prosperity. Anwar also announced a RM100 million allocation to foster innovation in Islamic finance.

Dr. Mohd Zukime stressed that the Islamic financial ecosystem, rooted in justice, balance, and social responsibility, and prohibiting usury and excessive speculation, must continue to advance to benefit Malaysia’s economy.