Making yet another appointment amid months of shake-ups within its ranks as part of an aggressive restructuring exercise, Malaysia Digital Economy Corporation has poached RAM Rating Services’s head of Islamic finance, Ruslena Ramli, to lead its Fintech and Islamic Digital Economy (FIDE) initiative, underscoring the government agency’s Islamic fintech commitment.
As the director of FIDE, Ruslena will report to Gopi Ganesalingam, the vice-president of tech ecosystem and globalization.
“Malaysia ranks first in the Global Islamic FinTech Index and had an estimated Islamic fintech market size in 2020 of US$3 billion, expected to grow by 23% annually to reach US$8.5 billion by 2025. On top of the recently-signed Regional Comprehensive Economic Partnership Agreement which created the world’s largest trading bloc, Malaysia stand to capture 30% of the world population. Ruslena will be a crucial appointment as we assert our global leadership position in the areas of Islamic digital economy and fintech. I am confident she will be an astute addition to MDEC as we strive toward propagating a society integrated with technology, anchored by inclusivity and equitability in line with Malaysia 5.0,” said MDEC Chairman Rais Hussin Mohamed Ariff.
Ruslena’s appointment follows a string of new hires over the last few months, with the most recent being that of Mohd Afdhal Mohd Nayan to fill the newly created role of chief transformation officer just last month.