Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) yesterday convened the inaugural meeting of the Malaysia International Islamic Financial Centre (MIFC) Advisory Panel (MAP).

The MAP, an inter-agency advisory and consultation platform, was set up to further strengthen Malaysia's position as a leading global marketplace and international gateway for Islamic finance.

At the meeting, members discussed the key roles of MAP to:

• Provide Strategic Guidance: Refining and supporting the strategic priorities of the MIFC Business Network (MBN), an industry-led platform envisioned to sharpen Malaysia's international Islamic finance agenda and business development efforts;
• Align National Priorities: Ensuring industry-led initiatives are well-resourced and aligned with broader national economic strategies;
• Advance Business Outcomes: Deliberating on industry challenges and providing actionable recommendations to catalyse stronger growth; and
• Pursue Global Opportunities: Leveraging collective insights to enhance international participation and cross-border collaboration.

The MAP brings together key government agencies, regulatory bodies and industry leaders, ensuring a holistic approach to advancing the MIFC agenda.

Co-chaired by BNM and SC, the MAP comprises representatives from:

1. Ministry of Finance
2. Ministry of Investment, Trade and Industry
3. Bursa Malaysia
4. Employees Provident Fund
5. Khazanah Nasional Berhad
6. Kumpulan Wang Persaraan (Diperbadankan)
7. Permodalan Nasional Berhad
8. Lembaga Tabung Haji
9. Labuan Financial Services Authority
10. Tan Sri Azman Mokhtar (Business Envoy)
11. Tan Sri Abdul Wahid Omar (Business Envoy)

The establishment of the MAP coincides with the formal transition of the MIFC Leadership Council (MLC) into the MBN. This evolution marks a shift towards greater industry-led stewardship, supported by close collaboration between the public and private sectors.

Building on the foundation laid by the MLC, the MBN will drive and implement strategic priorities to unlock business opportunities for Malaysia. To accelerate this momentum, MAP’s guidance and support will be instrumental in catalysing Malaysia's growth and strengthening its position as a globally connected Islamic finance hub.

Bank Negara Malaysia
Securities Commission Malaysia
23 June 2026

The MIFC Advisory Panel has convened its inaugural meeting yesterday to further strengthen Malaysia's position as a leading global marketplace and international gateway for Islamic finance.

(Seated in the front row, from left to right): Ministry of Investment, Trade and Industry Senior Director of Industrial Development Division, Faizal Mohd Yusof; Ministry of Finance Under-Secretary Strategic Investment Division (SID), Mohd Hassan bin Ahmad; Securities Commission Malaysia (SC) Executive Director, Islamic Capital Market (ICM), Sharifatul Hanizah Said Ali; SC Executive Chairman, Dato' Mohammad Faiz Azmi; Bank Negara Malaysia (BNM) Governor, Dato' Sri Abdul Rasheed Ghaffour; BNM Deputy Governor, Adnan Zaylani Mohamad Zahid; Tan Sri Abdul Wahid Omar (Business Envoy); and Labuan Financial Services Authority Director General, Affendi Rashdi.

(Standing in back row, from left to right): Employees Provident Fund Deputy Chief Investment Officer (CIO), Lim Tze Seong; Permodalan Nasional Berhad CIO, Hanizan Hood; Bursa Malaysia Chief Executive Officer (CEO), Dato' Fad'I Mohamed; Kumpulan Wang Persaraan (Diperbadankan) CEO, Datuk Jay Khairil Jeremy Abdullah; and Lembaga Tabung Haji CEO, Mustakim Mohamad.

(Attending but not in photo): Khazanah Nasional Berhad Chief Financial Officer, Faridah Bakar Ali; and Tan Sri Azman Mokhtar (Business Envoy).