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EPICENTRE: In the spotlight: GFIEF 2024 Report
In the spotlight: GFIEF 2024 Report
 
The Global Forum on Islamic Economics and Finance (GFIEF) was held in Kuala Lumpur and has successfully brought together over 2,300 policymakers, industry leaders and practitioners from 75 countries. Themed ‘Shaping a Resilient Global Islamic Economy Through Values-based Reforms’, the forum focused on the transformative power of Islamic economics and finance in fostering shared prosperity and equity. 

Download the report that captured the outcomes of GFIEF, which featured more than 50 speakers, 19 side events and 17 key launches and announcements. 
 
The MIFC Team
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Advancing sustainability agenda through Islamic finance

Malaysia and United Kingdom to tap Islamic finance for green investment opportunities
The MIFC-UK Business Forum brought together key financial stakeholders from Malaysia and the UK in London to discuss the opportunities and challenges in promoting green investments with wider application of Islamic finance solutions. The Forum aims to strengthen the Malaysia-UK partnership in fostering cross-border investments, particularly in the green sector.
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Industry solidifies commitment to advance green sukuk industry at IFMC-MLC Roundtable
The Malaysia’s Islamic Financial Market Committee (IFMC) and the MIFC Leadership Council (MLC) convened an industry-led roundtable discussion aimed at advancing the green funding ecosystem in Malaysia as a competitive destination for Shariah-compliant green investment and fundraising activities.
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Malaysia's total outstanding SRI sukuk issuances reach RM27.3 billion
According to Securities Commission Malaysia (SC), Malaysia’s total outstanding Sustainable and Responsible Investment (SRI) sukuk issuances have reached RM27.3 billion to date. The SC has introduced several initiatives to develop a facilitative SRI ecosystem in Malaysia including the SRI Sukuk Framework in 2014, Guidelines on SRI Funds in 2017, and Waqf-Featured Fund Framework in 2020.
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Malaysia's Islamic finance and halal industry developments

Islamic bank financing in Malaysia projected to double in a decade
Islamic bank financing is expected to grow to nearly 50% of Malaysia’s total bank financing over the next ten years (an 8% yearly growth in Islamic financing), said S&P Global Ratings.
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Malaysia's bond and sukuk market is poised for significant growth
Malaysia's bond and sukuk market is poised for significant growth in the coming years, driven by key advancements in the nation's economy and banking sector.
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Malaysia maintains strong position in global halal market
Malaysia's halal exports, totalling RM54 billion in 2023, play a crucial role in driving the country's economic growth. The global halal market is projected to exceed USD5 trillion (RM23.54 trillion) by 2030.
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Global Islamic finance developments

The Philippines inaugurates first private commercial bank in the country to offer Shariah-compliant banking services
Maybank Philippines inaugurated its first Islamic Banking Unit in the country dedicated to offer Shariah-compliant products as an alternative banking opportunity particularly in areas where such services are not yet available.
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Nairobi bourse lists first Sukuk
Kenya has launched its first Sukuk in the country’s efforts to democratise its financial sector and boost financial inclusion. The 15-year bond is structured to support the construction of affordable housing units, directly addressing one of Kenya’s most pressing socioeconomic challenges. 
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Special Feature: iTEKAD
Learn the importance of iTEKAD programme, its unique features and how it brings together diverse stakeholders in empowering marginalised communities through entrepreneurship. 
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