Fikra Ace to spur Islamic fintech innovation

The initiative will identify companies with fintech solutions to nurture, grow, and connect with the ICM ecosystem in various segments.

PETALING JAYA: The Securities Commission (SC) has launched Fikra Ace, a financial technology (fintech) initiative that aims to enhance the Islamic capital market (ICM) ecosystem by facilitating the development of Islamic fintech through a structured approach.

In a statement, the SC said Fikra Ace is the enhanced, three-year initiative following the launch of its inaugural Islamic fintech accelerator programme – Fikra in May 2021.