14 th IFSB SUMMIT 2019 SESSION 3 – BROADENING ACCESS AND RESILIENCE IN DIGITAL ISLAMIC FINANCE Sharifatul Hanizah Said Ali Executive Director, Islamic Capital Market Development Securities Commission Malaysia
Global Islamic finance assets is projected to grow to US$3.8 trillion in 2023… Banking 2023 US$1,571.3 billion US$3,800 71.7% billion 2018 – 2023 CAGR 2018 Sukuk 11.6% Takaful Outstanding US$2,190.9 US$27.7 US$530.4 billion Billion billion 2015 – 2018 1.3% 24.2% CAGR 5.2% AUM 2015 US$61.5 US$1,881.6 billion billion 2.8% 2 Source: IFSB, State of the Global Islamic Economy Report 2018/2019
…supported by the growth of the halal economy 3
Different stages of business growth require different sources of funding Very Small Firms Small Firms Mid-sized Firms Large Firms Looking for fundraising of looking for fundraising of looking for fundraising of looking for fundraising of < RM 1 million RM 1 – 10 million RM 10 – 100 million > RM 100 million Angel Capital Public Equity Venture Capital Public Debt Commercial Paper Short Term Bank Loans Intermediate Term Bank Loans Supple Chain Finance and Trade Finance Mid-term Notes Equity crowdfunding Peer-to-peer financing Private Placement Private Equity 4
Equity Crowdfunding ECF platform operators 5 Note: Data is cumulative since inception in 2015 – Source: SC Annual Report 2018
Peer-to-Peer Financing P2P financing platform operators 6 Note: Data is cumulative since inception in 2015 – Source: SC Annual Report 2018
Malaysian Digital Landscape at a Glance 7 Source: Malaysia Fintech Report 2018
THANK YOU 8
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