The Securities Commission Malaysia (SC) has taken various initiatives to enhance the ICM ecosystem, one of which is the SC’s Islamic fintech accelerator programme – ‘FIKRA’ which was launched in 2021. In continuation of that, the SC is now organizing FIKRA ACE, a three-year initiative that aims to enhance the Islamic capital market (ICM) ecosystem by facilitating the development of Islamic fintech through a structured approach.

The initiative will identify companies with fintech solutions to nurture, grow, and connect with the ICM ecosystem in various segments. FIKRA ACE also aims to support the Islamic fintech space by building capacity and a talent pipeline for the industry.

FIKRA ACE comprises of three components, namely FIKRA ACE - Accelerator, FIKRA ACE - Circle and FIKRA ACE - Excel.