Exemplifying value-based finance: The impact of Islamic finance in Malaysia’s journey towards high-income status


Dr Ndiamé Diop leads World Bank’s high-level strategic dialogue as well as the institution’s financial and technical and advisory programmes in Brunei, Malaysia, Philippines and Thailand.

AS Malaysia pursues its goal of achieving high-income status, the nation confronts a spectrum of complex policy objectives. Key among these is fostering robust economic growth to elevate household incomes and expand the middle class. Simultaneously, Malaysia is tasked with addressing the pressing challenges of climate change and environmental sustainability.

These critical priorities are highlighted in the 12th Malaysia Plan and the Madani Economy framework, necessitating substantial investments and mobilising public and private capital. Traditional economic policies have not fully addressed social development and justice. In Malaysia, Islamic finance has taken centre stage toward contributing to meaningful socioeconomic impact.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In ESG

Asean enters a new phase
Young minds driving real change
Malaysia leads Asean’s charge towards a greener and sustainable future
The next frontier: Green industrial recycling and Asean’s ESG pivot
Why Philippine firms must treat ESG as core strategy Starting now
ESG�comes into its own in Asean
Creating and transforming value
When SDGs change the rules of business
Lighting the last mile
The climate rewrite of Asean supply chains

Others Also Read