Malaysia, U.N. agency launch Islamic fintech accelerator seeking capital market solutions

Malaysia, U.N. agency launch Islamic fintech accelerator seeking capital market solutions

Malaysia's Securities Commission and the United Nations Capital Development Fund have launched an Islamic fintech accelerator focused on solutions for the Islamic capital market.

The joint initiative will give startups regulatory guidance, a structured mentorship process, and access to a network of industry and other domain experts, said UNCDF in a statement on Tuesday (May 25).

FIKRA was designed with a development perspective to boost the Islamic fintech ecosystem, according to SC and UNCDF in an FAQ sheet.