MalayMail: PM Anwar: Malaysia to facilitate cooperation on Islamic trade finance among OIC countries

Country: Malaysia
MalayMail: PM Anwar: Malaysia to facilitate cooperation on Islamic trade finance among OIC countries
29 May 2024

Malaysia is set to embark on a government-to-government (G2G) facilitation strategy, utilizing Islamic trade finance to strengthen economic cooperation among Organisation of Islamic Cooperation (OIC) countries. Prime Minister Datuk Seri Anwar Ibrahim, at the launch of the Global Forum on Islamic Economics and Finance, emphasized the potential of this initiative to accelerate growth in the Islamic economy. Anwar called on OIC leaders to enhance cross-border access, aiming to boost innovation, trade, and investments. Malaysia also plans to pioneer a global program for Islamic economists, aiming to cultivate a cadre of skilled professionals equipped to tackle contemporary global challenges. Anwar stressed the importance of international collaboration, infrastructure improvement, and good governance to address economic disparities. Malaysia's Madani economic framework underscores its commitment to just and equitable wealth distribution, with continued support for Islamic social finance initiatives.

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