REGIULATORS Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) has convened the inaugural meeting of the Malaysia International Islamic Financial Centre (MIFC) Advisory Panel (MAP).
An inter-agency advisory and consultation platform, MAP 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 the following representatives:
- Finance Ministry (MOF)
- Investment, Trade and Industry (MITI)
- Bursa Malaysia
- Employees Provident Fund (EPF)
- Khazanah Nasional Bhd
- Retirement Fund (Inc( (KWAP)
- Permodalan Nasional Bhd (PNB)
- Lembaga Tabung Haji
- Labuan Financial Services Authority
- Tan Sri Azman Mokhtar (Business envoy)
- 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,” the BNM and SC pointed out in a joint statement.
“This evolution marks a shift towards greater industry-led stewardship, supported by close collaboration between the public and private sectors.”
Added both financial regulators: ‘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.” – June 23, 2026
