Malaysia is bringing regulators, government agencies and industry leaders into a new panel to sharpen its Islamic finance agenda.
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) held the first meeting of the Malaysia International Islamic Financial Centre Advisory Panel, known as MAP.
MAP was set up as an inter-agency advisory and consultation platform to support Malaysia’s position as a global Islamic finance marketplace and international gateway.
It will provide strategic guidance to the MIFC Business Network, an industry-led platform focused on Malaysia’s Islamic finance agenda and business development efforts.
Guiding Malaysia’s Islamic Finance Agenda
The panel will also help align industry initiatives with national economic priorities, review business challenges and identify cross-border opportunities.
MAP is co-chaired by BNM and SC. Its members include the Ministry of Finance, the Ministry of Investment, Trade and Industry, Bursa Malaysia, the Employees Provident Fund, Khazanah Nasional, Kumpulan Wang Persaraan, Permodalan Nasional, Lembaga Tabung Haji and the Labuan Financial Services Authority.
Tan Sri Azman Mokhtar and Tan Sri Abdul Wahid Omar are also part of MAP as business envoys.
The panel’s launch comes as the MIFC Leadership Council formally transitions into the MIFC Business Network.
The shift gives the industry a larger role in driving Malaysia’s Islamic finance priorities, with support from public sector agencies.
The MIFC Business Network will focus on carrying out strategic priorities and identifying business opportunities as Malaysia looks to strengthen its role as a global Islamic finance hub.
Featured image: The inaugural meeting of the Malaysia International Islamic Financial Centre (MIFC) Advisory Panel was held on 22 June 2026, attended by its members and Co-Chairs [centre] Dato’ Sri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia (BNM) and Dato’ Mohammad Faiz Azmi, Chairman of the Securities Commission Malaysia.
