The Malaysia International Islamic Financial Centre (MIFC) Global Impact Challenge 2025 is now open for applications from around the world. The competition calls for impact-driven financial solutions with propositions to strengthen social resilience and address climate challenges. This aims to spur innovative solutions in Islamic finance and encourage investments in fintech and impact-driven startups.

Organised by Bank Negara Malaysia and MIFC Leadership Council, the Challenge aspires to promote cross-border fertilisation and innovation of ethical and value-based finance. It is held in partnership with the global partners including the Hong Kong Trade Development Council, the Islamic Finance Council UK, the Islamic Development Bank, and the World Bank Group Inclusive Growth & Sustainable Finance Hub in Malaysia. Asia School of Business’ Innovation & Entrepreneurship Center is the knowledge partner and accelerator programme provider, while the Fintech Association of Malaysia is the ecosystem partner.

Shortlisted applicants will participate in the accelerator programme designed to advance their impact-driven financial solutions that address social resilience and climate challenges. The programme is structured to help applicants improve the commercial viability of their solutions as well as strengthen their measurable impact. Up to four winners will be selected on the demo day on 12 October 2025 and they will be announced at the Global Islamic Finance Forum 2025 on 13 October 2025 in Kuala Lumpur. In addition to cash prizes, winners will receive a broad range of support from the partners for up to 12 months.

Applications close on 18 August 2025.

Learn more and apply at www.mifclc.com/mgic

Bank Negara Malaysia
MIFC Leadership Council

18 July 2025

About MIFC Leadership Council

The Malaysia International Financial Centre (MIFC) Leadership Council (MLC) spearheads the next phase of growth for Islamic finance in Malaysia. Comprised of distinguished members, the Council plays a pivotal role in providing thought leadership and driving the formulation of strategies to solidify Malaysia’s leading position in Islamic finance. Ultimately, the MLC serves as a vital pillar in Malaysia’s vision to become a premier global Islamic financial centre. Through its thought leadership, strategic formulation and collaboration with relevant entities, the MLC aims to shape the future of Islamic finance in Malaysia, ensuring its continued growth, resilience, and prominence on the global stage.

Log on to www.mifclc.com for more information.

About Malaysia's Islamic Finance Marketplace

Since its origin nearly 40 years ago, Islamic finance in Malaysia has evolved into a well-developed and comprehensive Islamic finance marketplace, capable of meeting diverse needs of the economy and society. The marketplace is characterised by a robust regulatory, supervisory, Shariah and legal framework, deep and progressive Islamic financial markets, diverse set of players, multi-asset commodity and exchange platforms, efficient multi-channel payment gateways to facilitate financial intermediation as well as talent base with global capabilities and connectivity for business deals anywhere in the world.

Malaysia’s Islamic finance marketplace is open to global industry players and market participants to collaborate with and mutually benefit from a highly conducive business environment of innovation, expertise and deal flow. Our marketplace is a comprehensive Islamic finance ecosystem and business environment of infrastructure, innovation, expertise and deal flow, served by the Malaysia International Islamic Financial Centre (MIFC) Community, comprising the financial institutions, professional firms, regulators and government agencies.

For more information on Malaysia’s Islamic finance marketplace, please visit www.mifc.com and follow us on Twitter (@MalaysiaIF) / LinkedIn (@Malaysia World's Islamic Finance Marketplace).

For information on MIFC Global Impact Challenge 2025 partners, kindly visit the following websites:

Global Partners:

• Hong Kong Trade Development Council: www.hktdc.com
• Islamic Development Bank Group: www.isdb.org
• Islamic Finance Council UK: www.ukifc.com
• World Bank Group Inclusive Growth & Sustainable Finance Hub in Malaysia: www.worldbank.org/malaysia

Knowledge Partner and Accelerator Programme Provider

• Asia School of Business’ Innovation & Entrepreneurship Center: www.asbhive.edu.my

Ecosystem Partner

• Fintech Association of Malaysia: www.fintechmalaysia.org