The Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Centre for Financial Health programme, launched an innovation programme to develop a vibrant Islamic fintech innovation ecosystem in Malaysia’s Islamic capital market (ICM).
FIKRA, the first accelerator programme dedicated to fintech solutions in Malaysia’s Islamic Capital Market, aims to identify and scale relevant fintech solutions to support the growth of innovative start-ups through a conducive collaborative environment that will equip them with the requisite mentorship, regulatory guidance, networking and funding opportunities.
Fintech start-ups who participate in FIKRA’s first accelerator initiative will benefit from regulatory guidance, the programme’s mentorship, social networks, and more. The methodologies used for the programme are developed by UNCDF based on their prior experience running innovation challenges through their Financial Innovation Lab (FinLab) and now scaled to address finance related initiatives under the Centre for Financial Health.
