Business : Islamic Finance Must Remain Innovative, Inclusive, Globally Competitive - PM AnwarÂ
KUALA LUMPUR, Oct 2 (Bernama) -- All parties must strive to ensure that Islamic finance remains innovative, inclusive and globally competitive in navigating the challenging period of global and economic uncertainty, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim emphasized the need for stronger Islamic finance leadership to maintain the sector's traditions while ensuring it remains innovative, inclusive, and competitive. He stressed the importance of strategic cooperation among scholars, regulators, financial institutions, and economic players to advance Islamic finance.
Anwar urged participants at the International Syariah Scholars Roundtable (iSHAR) 2026 to turn the ideas and insights generated into actionable policies, products, and practices that uplift and benefit society. Recognizing the world's current challenges, including economic instability, geopolitical tensions, and growing inequality, Anwar argued for a financial system that prioritizes ethics, justice, and compassion alongside profitability.
He highlighted that the Madani framework, rooted in Syariah principles, offers a balanced approach between economic growth and moral responsibility, as well as profit and noble objectives. Anwar stressed that iSHAR should facilitate more than just dialogue; it should translate exchanged ideas into broader societal benefits. He concluded by emphasizing that addressing global challenges alone is insufficient, and strategic cooperation among scholars, regulators, financial institutions, and the economic sector is essential.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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