Islamic Finance

Malaysia’s MDEC hires new head of fintech and Islamic digital economy

The Malaysia Digital Economy Corporation has hired Ruslena Ramli as its new director of fintech and Islamic digital economy.

Ruslena was formerly head of Islamic finance at RAM Rating Services that provides independent credit ratings, research, training, risk analysis, ESG analytics, and bond and sukuk pricing.

Her job at MDEC is to lead the fintech and Islamic digital economy team to leverage on opportunities and “create differentiation for Malaysia via financial inclusion and Islamic finance,” said MDEC in a statement on Wednesday (June 16). She reports to vice president of tech ecosystem and globalisation Gopi Ganesalingam.

MDEC said she brings to the organisation “her expertise in Shariah-compliant structures, acquired through her previous role as an Islamic banker as well as a trainer for the Securities Industry Development Corporation.”

Before her six years at RAM Rating Service, Ruslena worked in senior exec roles in finance and banking, first as assistant vice president of Maybank Investment, then as VP of EONCAP Islamic Bank, before moving to MIDF Amanah Investment Bank as its head of debt capital markets.

MDEC’s work in the Islamic digital economy was previously led by Norhizam Kadir who had the title of vice president of fintech and Islamic digital economy. He left at the end of last year amid a string of senior exits as the organisation restructured, what it calls its “reinvent” agenda.

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