The Islamic Development Bank (IsDB) reported discussions between its group chairman, Muhammad Al Jasser, and Bank Negara Malaysia Governor Abdul Rasheed Ghaffour on expanding cooperation in Islamic finance and financial inclusion. The meeting focused on how Malaysia’s financial expertise and models could support access to financing and sustainable development across IsDB member countries. Discussions emphasized Islamic finance’s role in financing small and medium-sized enterprises (SMEs), supporting entrepreneurship and creating employment opportunities. Regulatory cooperation and capacity building were also areas for potential collaboration. Al Jasser acknowledged Bank Negara Malaysia’s continued support and participation in IsDB sukuk issuances.
Islamic Development Bank explores closer cooperation with Bank Negara Malaysia on Islamic finance and SME financing
Islamic Development Bank Group Chairman Muhammad Al Jasser and Bank Negara Malaysia Governor Abdul Rasheed Ghaffour explored closer cooperation in Islamic finance, particularly to expand SME access to financing across IsDB member countries. Discussions also covered drawing on Malaysia’s expertise in financial inclusion, regulatory cooperation and capacity building.