The Malaysia International Islamic Financial Centre (MIFC) Global Impact Challenge 2025 has opened its call for applications, seeking financial solutions that address social resilience and climate-related issues.
The initiative is aimed at encouraging innovation in Islamic finance and attracting investment in fintech and impact-focused startups.
Jointly organised by Bank Negara Malaysia and the MIFC Leadership Council, the challenge is supported by international partners such as the Hong Kong Trade Development Council, Islamic Finance Council UK, Islamic Development Bank, and the World Bank Group’s Inclusive Growth & Sustainable Finance Hub in Malaysia.
The Asia School of Business serves as the knowledge partner and accelerator provider, while the Fintech Association of Malaysia (FAOM) supports as the ecosystem partner.
Shortlisted applicants will undergo an accelerator programme focused on refining the commercial viability and impact of their solutions.
The top four teams will be selected during a demo day on 12 October 2025, with the winners announced at the Global Islamic Finance Forum in Kuala Lumpur the following day.
Winners will receive cash awards and extended support from programme partners for up to a year.
Applications close on 18 August 2025. More information is available at www.mifclc.com/mgic.
Featured image: Edited by Fintech News Malaysia, based on image by lekhawattana via Freepik
