Islamic Finance 

Malaysia launches national strategy for financial literacy 2019-2023

| 24 July, 2019

Kuala Lumpur, 23 July 2019: The National Strategy for Financial Literacy 2019 – 2023 (National Strategy) was launched by YAB Tun Dr Mahathir Mohamad today. It is formulated by the Financial Education Network (FENetwork), an inter-agency grouping co-chaired by Bank Negara Malaysia and Securities Commission Malaysia and with founding members comprising Ministry of Education, Perbadanan Insurans Deposit Malaysia, Employees Provident Fund, Agensi Kaunseling dan Pengurusan Kredit and Permodalan Nasional Berhad.

The National Strategy sets out priorities and actionable plans to equip Malaysians with the knowledge to make informed financial decisions and nurture healthy attitudes in financial management.

The FENetwork is committed to working collaboratively with individuals, and organisations across the public, private and non-private sectors to deliver the National Strategy’s inclusive and sustainable measures. These will focus on empowering individuals to manage money wisely, plan ahead and invest for their future, and protect themselves from financial fraud and abuse. The priorities identified under the National Strategy to achieve this are:

* Nurture values from young
* Increase access to financial management information, tools and resources
* Inculcate positive behaviour among targeted groups
* Boost long term financial and retirement planning
* Build and safeguard wealth

The FENetwork is supported by Puan Khadijah Abdullah, appointed since 1 July 2019 as the Director of The National Strategy’s Promotions and Advancement Unit, to drive and lead the effective roll-out and delivery of the National Strategy.

FENetwork welcomes and encourages individuals and organisations to be a part of this important agenda in helping Malaysians improve their financial well-being and building a strong foundation for the nation’s financial future.

For more information on how to contribute, who to contact, or to download a copy of the National Strategy report, please visit www.fenetwork.my.

ISSUED BY BANK NEGARA MALAYSIA AND SECURITIES COMMISSION MALAYSIA, MEMBERS OF THE FINANCIAL EDUCATION NETWORK.

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