KLIFD in Economic Transformation Programme
The financial industry is the bedrock of any economy. It enables the growth of all other industries and is key to a high-income economy.
A dedicated financial district in the heart of Kuala Lumpur can increase Gross National Income (GNI) by creating high-value jobs.
Malaysia targets to raise GNI per capita from about USD6,700 or RM23,700 in 2009 to more than USD15,000 or RM48,000 in 2020, propelling the nation to a high-income economy.
KLIFD will attract financial services professionals to strengthen key sectors, including Islamic Finance and help grow non-traditional financial services.
A new future
KLIFD comes at an opportune time. The banking sector is enhancing its role as a driver to grow the economy. Efforts to create leadership in Islamic Finance are producing results. The key is to continue leadership through creative products, talent development and attracting the world’s best to Malaysia.
There is also a unique opportunity to create a third pillar of growth – non-traditional financial services. These comprise fund/asset management, insurance and alternative financing. The newness of the sector in Asia and the success in creating a new industry, namely Islamic Finance, makes Malaysia an ideal hub.
KLIFD will be a key enabler for the new leg, promoting seamless cooperation and scalable business opportunities.
A bastion of Islamic Finance
KLIFD will also build on Islamic Finance advantage and deliver unique value proposition for investors
- Access to large domestic market opportunity
- Conducive business environment and world-class infrastructure
- To build on the Islamic Finance success story
- Unique opportunity to harness strengths and become a global player in financial services
