KUALA LUMPUR — In line with the Securities Commission Malaysia’s (SC) Capital Market Masterplan 2026–2030 (CMP), CIMB Group Holdings Berhad yesterday announced its commitment to developing an innovative instrument designed to advance Malaysia’s Islamic capital markets. CIMB will collaborate with the SC and Bursa Malaysia Berhad on a pilot project under the SC’s ICM Innovation Lab (FIKRALab). The initiative aims to broaden the investible universe for Shariah-compliant funds to participate in ASEAN’s Islamic banking growth.
As one of ASEAN’s leading Islamic banking franchises, CIMB enters this next phase from a position of strength. Guided by its purpose of advancing customers and society, the Group continues to deepen its Islamic banking franchise as a core growth pillar. Today, more than half of its Malaysian financing book is Shariah-compliant, while CIMB Niaga in Indonesia is in the process of spinning off its Islamic banking business into a full-fledged Islamic bank.
Novan Amirudin, Group Chief Executive Officer of CIMB Group, said, “The CMP charts an ambitious direction for Malaysia’s capital markets, and we are honoured to be part of this pilot project, supporting the SC in bringing that vision to life. CIMB’s participation reflects our continued advocacy for capital market and digital innovation. Our Islamic franchise has reached meaningful scale, and we see significant opportunities to further unlock this value by providing new Shariah-compliant structures to investors with a Shariah mandate.”
This collaboration is aligned with CIMB’s Forward30 strategy, in which Islamic finance is a key growth priority anchored on scale, innovation, and sustainability. As the CMP emphasises innovation, resilience, and international competitiveness, CIMB’s proactive collaboration underscores its role not merely as a market participant, but as a contributor to the next phase of capital market evolution in Malaysia. —Bernama
