Malaysia Woos FinTech Devs for Shariah-Compliant Islamic Finance
Malaysia’s proximity in the ASEAN region and its mix of urban, suburban and rural population makes it a suitable environment for testing and launching FinTech solutions for the global Islamic Finance market, according to a government official. Datuk Yasmin Mohamood, chief executive of Malaysia Digital Economy Corp (MDEC), a government-owned institution responsible for the country’s technology-fiorward agenda has opened the country’s doors for FinTech startups and companies. A majority of the country’s population practicing Islam, which is also recognized as the country’s official religion.....
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