Islamic Inspection Service - SIILHalal

Malaysia Leads Global Islamic Economy Indicator For 8th Consecutive Year

Malaysia continues to lead the rankings in Islamic economy and finance by the Global Islamic Economy Indicator (GIEI) for the eighth consecutive year.

According to the Global Islamic Economy report in 2020, the Islamic FinTech and economy sectors of Malaysia continue to flourish aided by governmental support and Malaysia Digital Economy Corporation (MDEC)’s a continuous push to expand economic digitalization and an aggressive creation of a conducive ecosystem for which it can thrive on.

For years, the Malaysian Government has identified Islamic finance and Islamic digital economy as key economic growth activities towards achieving and maintaining its position as the global Islamic FinTech hub.

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