Experts give thumbs up to Malaysian regulator-U.N. agency Islamic fintech accelerator
KUALA LUMPUR - A start-up accelerator backed by a national capital markets regulator and with the weight of the world’s most prominent transnational organisation behind it could have a “crucial impact” on the scale of development of Islamic financial technology.
Experts predict that the FIKRA Islamic Fintech Accelerator Programme launched on Tuesday (May 25) will give Shariah-compliant start-ups an unprecedented opportunity to break through.
With heavyweight backing by the Securities Commission Malaysia (SC) and the United Nations Capital Development Fund’s (UNCDF) Centre for Financial Health programme, it is hoped that FIKRA will give a shot in the arm to entrepreneurs in Malaysia and fledgling foreign fintechs that want to have a base close to the country’s Islamic financial services industry.
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