Sumary of Islamic Finance Development Indicator 2021 recognition shows strength of Islamic finance in Malaysia, says Tengku Zafrul:
- Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz at Parliament, Kuala Lumpur, September 14, 2021. — Bernama pic KUALA LUMPUR, Nov 25 — Malaysia’s top ranking in the Islamic Finance Development Indicator (IFDI) 2021 is a recognition of the solidity of the industry in the country despite the challenges of the pandemic.
- Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the implementation of the Value-based Intermediation (VBI) by Malaysian Islamic banks since 2017, involving takaful operators, reflected the industry’s strategic efforts to produce a positive and sustainable impact.
- On PenjanaKerjaya, Tengku Zafrul said RM1.22 billion has been channelled to 37,326 employers, sustaining 271,570 local jobs.
- Tengku Zafrul said RM124.88 million has been distributed to 45,333 SMEs in the form of grants under Bank Simpanan Nasional (BSN) up to November 12 while RM20.61 million was channelled to 887 micro enterprises under the Indian entrepreneur development scheme (SPUMI) via Tekun Nasional.