Malaysia is largely seen as a global leader in Islamic Finance and has a strong agenda for green and climate-friendly investments. But this outcome did not happen overnight. It has taken many players– ranging from the country’s capital markets regulators, government bodies to the private sector.

Today’s ecosystem now thrives as the total of Sharīʿah (Islamic law) compliant assets are currently estimated around US$2 trillion and supporting Malaysia’s green growth agenda. Islamic sustainable finance has huge potential because it caters to the appetites of a wide spectrum of investors. It meets Sharīʿah objectives and emphasizes social and environmental considerations in investment.

But beyond its key players, how has Malaysia’s Islamic sustainable finance ecosystem come this far?

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World Bank