by TMR/ TMR PIX
THE Malaysia Digital Economy Corporation (MDEC) and iPORTAL Live Sdn Bhd have launched a new Islamic Economy Knowledge Portal to further enhance the ease-of-access to information and knowledge of the Islamic Economy to users, as well as facilitate connection and encourage collaboration by industry users globally.
Through its partnership with MDEC, iPORTAL Live will bring in global expertise and knowledge transfer in the area of Islamic Digital Economy into Malaysia.
The portal is a global platform that will showcase the 10 sectors of the Islamic Economy all in one easy to access place. It will start the users’ journey with knowledge, under Academy, which will then continue to Entrepreneurship, Insights, Waqf Economy, Research, Marketplace and a Job Board.
“With the launch of iPORTAL’s global Islamic Economy platform, we believe this will enable many more global stakeholders to learn and adopt from Malaysia’s decades of experience and contribute towards the global growth of the Islamic digital industry,” Minister of Communications and Multimedia Datuk Saifuddin Abdullah said in a statement.
It is estimated that Muslims spent USD$2.02 trillion in 2019 including the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors, all of which are impacted by Islamic faith-inspired ethical consumption needs. This spending reflects a 3.2% year-on-year growth from 2018.
In addition, Islamic finance assets were estimated to have reached USD$2.88 trillion in 2019.
According to MDEC chairman Datuk Dr Rais Hussin, the Malaysian government, through MDEC, has started serious work to embed the Islamic digital economy in the grand design of the Malaysian blueprint of the digital economy.
“Through the launch of iPORTAL Live, the information will be readily available and accessible for the interested masses, contributing to the creation of an inclusive Fintech hub while firmly establishing Malaysia as the heart of digital ASEAN,” he said.
iPORTAL Live CEO Dr Rushdi Siddiqui said the Islamic Economy is open for business for all in the new normal, and iPORTAL Live is the digital meeting place for values aligned education, consumption, investment, funding and business.
The Islamic Economy in the new normal is open for business for all, and iPORTAL Live is the digital meeting place for values-aligned education, consumption, investment, funding and business.