CIMB will work with the Securities Commission Malaysia and Bursa Malaysia on a FIKRALab pilot to develop a new instrument for Malaysia’s Islamic capital markets, according to Bernama.
The pilot falls under the SC’s Capital Market Masterplan 2026-2030 and is aimed at expanding the investment universe for Shariah-compliant funds.
It is also intended to give those funds more ways to tap into the region’s growing Islamic banking sector.
The effort is also tied to the first phase of FIKRALab, which the Securities Commission has described as a pilot focused on unlocking Shariah-derived income within mixed-activity groups.
FIKRALab was launched by the SC as a co-creation and applied research platform to develop new Islamic capital market products and instruments.
The move fits into CIMB’s broader push in Islamic finance, which the group has identified as a key growth area under its Forward30 strategy.
CIMB said more than half of its financing book in Malaysia is Shariah-compliant, while CIMB Niaga in Indonesia is in the process of spinning off its Islamic banking unit into a full-fledged Islamic bank.
CIMB Group CEO Novan Amirudin said the bank sees room to introduce new Shariah-compliant structures for investors with Islamic mandates while supporting efforts to deepen Malaysia’s Islamic capital market.
The collaboration also aligns with the masterplan’s focus on innovation, resilience and international competitiveness as Malaysia looks to strengthen its position in Islamic capital market development.
Featured image: Edited by Fintech News Malaysia, based on image by topntp26 via Freepik
