Malaysia is a pioneer in the development of the Islamic Capital Market (ICM). Over the years, ICM in Malaysia has more than tripled in size. The vision to establish Malaysia as a leading international centre for Islamic fund and wealth management and the Blueprint strategic thrusts are driven primarily by the aims of meeting growing demand in the marketplace, of spurring the development of new market segments and of ensuring the sustained expansion of the industry. 

In 2017, the SC launched a five-year Islamic Fund and Wealth Management Blueprint (IFWMB) to plan the medium and long-term strategic direction for Malaysia’s Islamic fund and wealth management industry to create a conducive ecosystem that meets the growing needs of the global market.

The Blueprint provides recommendations that are focused on addressing impediments to growth and innovation, identifying potential opportunities for collaboration and partnership as well as accelerating the process of building scale. The recommendations provide sufficient flexibility within the overall objective to allow adjustments and realignment in situations where factors emerge during the operationalization of the Blueprint.