Anwar backs efforts to strengthen IsDB Centre of Excellence in Kuala Lumpur

KUALA LUMPUR, Oct 20 — Prime Minister Datuk Seri Anwar Ibrahim has expressed support for initiatives aimed at enhancing the capabilities of the Islamic Development Bank (IsDB) Centre of Excellence in Kuala Lumpur. He emphasized that the city is renowned for its expertise in supporting micro, small, and medium enterprises (MSMEs), bolstering economic stability, and creating employment prospects, all of which could be advantageous to other IsDB member nations.

"I also underscored Malaysia's willingness to share its knowledge and broaden development collaboration on the global front," he stated on social media platform X. The statement came during a meeting with IsDB president Dr. Muhammad Sulaiman Al Jasser, signaling a persistent belief in Malaysia's promising development path and governance structure.

"With God's grace, this partnership will further elevate Malaysia's position as a dependable development ally, while introducing our people's skills to the international arena," he added. Established in 2019, the IsDB Centre of Excellence in Kuala Lumpur functions as a vital hub for the dissemination of technology, expertise, and best practices in Islamic finance from Malaysia to the remaining 56 IsDB member countries.

The IsDB, situated in Jeddah, Saudi Arabia, is a global financial institution founded in 1975 to aid the economic advancement and social well-being of its member countries and Muslim populations, adhering to Shariah regulations.