Islamic fintech offers potential for SMEs, investors and operators to grow
18 November 2020 - Micro, small and medium enterprises (MSMEs) in Malaysia should consider alternative forms of capital funding which has been made more accessible through the use of digital platform from Islamic fintech companies.
In addition to complying with the regulations issued by the Securities Commission of Malaysia (SC), the RMOs also ensure that the funds raised adhere to Islamic teachings with resolutions issued by the Shariah Advisory Council of the Securities Commission of Malaysia (SACSC).
“Islamic fintech can provide a strategic avenue of financing alternatives that provide meaningful contribution to the development of MSMEs, not only for their strict adherence to Shariah compliance but also ease of access to funding,” said Zalina Shamsudin, General Manager for Capital Markets Malaysia (CMM), which is an affiliate of SC.
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