CIMB Group Holdings Berhad has announced a strategic collaboration with Securities Commission Malaysia (SC) and Bursa Malaysia Berhad to advance Malaysia’s Islamic capital markets. This initiative is part of the SC’s Capital Market Masterplan 2026-2030 and involves a pilot project under the SC’s ICM Innovation Lab, known as FIKRALab. The project seeks to expand the range of investible options for Shariah-compliant funds, tapping into ASEAN’s Islamic banking growth.
CIMB, a leading Islamic banking franchise in ASEAN, is leveraging its strong market position to deepen its Islamic banking operations. Currently, over half of its Malaysian financing is Shariah-compliant, and its Indonesian subsidiary, CIMB Niaga, is transitioning to a full-fledged Islamic bank. Group CEO Novan Amirudin expressed enthusiasm for the project, stating, “CIMB’s participation reflects our continued advocacy in capital market and digital innovation.”
The collaboration aligns with CIMB’s Forward30 strategy, which prioritises Islamic finance as a growth engine focused on scale, innovation, and sustainability. By participating in this initiative, CIMB aims to contribute significantly to the evolution of Malaysia’s capital markets, enhancing innovation, resilience, and international competitiveness.
CIMB, headquartered in Kuala Lumpur, is one of ASEAN’s leading banking groups and Malaysia’s second-largest financial services provider by assets. With a presence across ASEAN and beyond, CIMB continues to expand its influence in the Islamic banking sector.
