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Islamic Finance Development Indicator 2021 recognition shows strength of Islamic finance in Malaysia, says Tengku Zafrul | Malay Mail

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KUALA LUMPUR, Nov 25 — Malaysia’s top ranking in the Islamic Finance Development Indicator (IFDI) 2021 is a recognition of the solidity of the industry in the country despite the challenges of the pandemic. Malaysia has maintained its No.1 position in the IFDI for the second straight year and...

KUALA LUMPUR, Nov 25 — Malaysia’s top ranking in the Islamic Finance Development Indicator 2021 is a recognition of the solidity of the industry in the country despite the challenges of the pandemic.

“The positive momentum in the Islamic banking industry since the publication of the related strategic papers in 2017 had seen VBI-related transactions worth over US$38.6 billion up to December 2020. Up to November 3, RM639.30 million, RM544.99 million dan RM38.10 million have been channelled via PenjanaKerjaya 1.0, 2.0 dan 3.0, benefitting 15,097 employers , 16,625 employers and 5,604 employers , respectively.

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