MIFC JOURNEY
How did the MIFC platform evolve?
MBN represents the latest phase in the evolution of Malaysia's Islamic finance platform under the MIFC initiative. Building on the foundations established through MIFC and the MIFC Leadership Council (MLC), MBN serves as an industry-led platform that strengthens coordination, connectivity and collaboration across the Islamic finance ecosystem.
Foundation & Setup
Collectively led by Malaysian Regulators to develop and promote Malaysia as an international Islamic finance hub.
- Built a global brand for Malaysia
- Established international partnerships and hosted international institutions
- Facilitated policies for MIFC agenda
"We believe that these measures and initiatives will serve as a catalyst in our efforts for Malaysia to become a centre of origination, issuance and trading of Islamic capital market and treasury instruments, Islamic fund and wealth management, international currency Islamic financial services, and takaful and retakaful business. It is also aimed at positioning Malaysia as the gateway for tapping investment opportunities in this rapidly growing region."
(Keynote Address by Former Governor, Tan Sri Dr. Zeti Akhtar Aziz at the Malaysian Islamic Finance Issuers and Investors Forum 2006)
Leadership Expansion
Strengthened international collaboration and advanced industry leadership.
- Deepened international partnerships
- Coordinated industry-led impact projects
- Improved global thought leadership
"The MIFC Leadership Council (MLC) will provide thought leadership, drive strategy formulation and implementation to enhance Malaysia's position as an international gateway for Islamic finance."
(Keynote Address by Former Governor, Tan Sri Nor Shamsiah Mohd Yunus at GIFF 2022)
Industry Ecosystem
Driving collective industry impact through coordination, connectivity and collaboration.
- Network of industry across banking, takaful, capital market, asset management
- Strengthening linkages domestically and internationally
“MBN, as a coalition of industry champions, will be pertinent in charting our way forward. They will be tasked with deepening sectoral collaboration – securing tangible business outcomes, and scaling impact in Malaysia and beyond”
(Opening Address by Governor, Dato’ Seri Abdul Rasheed Ghaffour at GIFF 2025)