Bank Negara buys land for RM2b for financial education hub

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KUALA LUMPUR: Bank Negara Malaysia has acquired a piece of land near the central bank here from the government for its financial education hub.

Bank Negara said on Thursday the 55.79 acres of land is  located contiguous to its Sasana Kijang complex which is equipped with conference and state of the art training facilities.

The complex houses international organisations such as the World Bank, South East Asian Central Banks Research and Training Centre and the Alliance for Financial Inclusion. 

“The land will be utilised for the relocation of the Global Islamic Finance University (INCEIF) and the International Shari’ah Research Academy for Islamic Finance (ISRA).

“The land will also be used for future development of education and training facilities that will focus on enhancing the technical capabilities of the talents in the financial industry,” it said. 

It is also near the new Asia School of Business (a collaboration with the Massachusetts Institute of Technology) complex and the financial industry’s Financial Industry Training Centre presently under construction.

Bank Negara said the entire combined area will be designated and integrated as a world-class education hub for financial services. 

“The hub is envisioned to be a focal point for international learning and research that will nurture a sustainable pool of local talents to support the development of the domestic financial services industry,” it said.