KUALA LUMPUR: CIMB Group Holdings Bhd
is developing a new instrument aimed at advancing Malaysia’s Islamic capital markets, in line with the Capital Market Masterplan 2026-2030 (CMP).
In a statement, the banking group said CIMB will collaborate with the Securities Commission Malaysia (SC) and Bursa Malaysia Bhd on a pilot project under SC’s ICM Innovation Lab (FIKRALab).
The innovation aims to broaden the investible universe for Shariah-compliant funds to participate in Asean's Islamic banking growth.
CIMB said it enters the initiative from a position of strength, with more than half of its Malaysian financing book already Shariah-compliant.
In Indonesia, its unit CIMB Niaga is in the process of spinning off its Islamic banking business into a full-fledged Islamic bank.
Group chief executive officer Novan Amirudin said the CMP sets an ambitious direction for Malaysia’s capital markets, and CIMB is committed to supporting its implementation through innovation.
“Our Islamic franchise has reached meaningful scale, and we see significant opportunity to further unlock this value by providing new Shariah-compliant structures to investors with a Shariah mandate,” he said.
The collaboration aligns with CIMB’s Forward30 strategy, where Islamic finance is identified as a key growth engine driven by scale, innovation and sustainability.
