MIFC Global Impact Challenge
14 October 2025, Sasana Kijang
In conjunction of 8th Global Islamic
Finance Forum (GIFF) 2025
About the Challenge
The MIFC Global Impact Challenge is designed to spotlight and accelerate innovative solutions that leverage Islamic finance principles or act as enablers within the Islamic finance ecosystem, catalysing change that generates positive and sustainable impact to the economy, community and environment. The strategic integration of Islamic finance and pioneering solutions will drive the advancement of ethical and sustainable financial ecosystems while nurturing a pipeline of changemakers and solution providers committed to ethical and impactful finance.
Accelerating Innovation. Empowering Change.
This reflects our commitment to turning bold ideas into practical impact.
By supporting forward-thinking solutions, we aim to drive meaningful progress in both the financial sector and the wider community.
MIFC Global Impact Challenge 2025 is a global competition that aims to source for innovative solutions in Islamic finance that are aligned with United Nation Sustainable Development Goals (SDGs) and encourage cross fertilisation and investment in Shariah-compliant fintech and startups.
The competition will commence on 1 July 2025 and culminate at an award ceremony during the Global Islamic Finance Forum 2025 (GIFF) on 14 October 2025.
⏰ APPLICATIONS OPEN 1 JULY 2025
FOCUS AREAS
Challenge Track 1
Scaling Islamic Finance solutions for a climate-disrupted future
What scalable and affordable Shariah-compliant financial solutions can we develop to mitigate risks and build financial resilience of climate-vulnerable communities such as agricultural, coastal/island and flood-prone urban communities?
How can we creatively leverage Islamic social finance to provide disaster relief to communities affected by climate-related crisis?
How can we develop climate risk tools and models that help Islamic financial institutions better predict and mitigate impact, improve risk assessment and pricing as well as underwriting and claims processing?
How can we simplify and streamline climate risk disclosures and ease compliance with different standards, regulations and taxonomies for Islamic financial institutions?
How can we ease the provision and affordability of green financing and sustainability-linked protection by Islamic financial institutions to SMEs?
Challenge Track 2
Advancing economic empowerment and social sustainability
How can we create accessible and affordable financing and protection options for marginalized and low-income communities to preserve basic needs such as health, homes and education? (Financing & Takaful)
What scalable and affordable Shariah-compliant financial solutions can we develop to mitigate risks and build financial resilience of climate-vulnerable communities such as agricultural, coastal/island and flood-prone urban communities?
What affordable financial solutions can we develop to help sustain business ventures of microentrepreneurs and small business communities? (Financing & Takaful)
How can we design solutions to effectively help and encourage low-income communities to save towards ensuring long-term financial resilience? (Savings)
How might we ensure that Islamic social finance is efficiently mobilized and strategically deployed to maximize its impact on poverty reduction, financial inclusion and sustainable development?
REWARDS & BENEFITS
CASH PRIZES
Up to USD 60,000 in Cash Prizes
Awarded to up to four (4) winners – with up to two (2) winners per challenge track.
Global Mentorship & Shariah Support
Support to Scale in Global Islamic Finance Markets
Winners will gain access to the MIFC Global Impact Challenge network of international partners for mentorship, strategic guidance, and Shariah alignment
support from recognised experts.
Strategic Visibility
Publicity & Exposure Opportunities
Be featured across relevant events, media platforms, and publicity materials led by the Organisers and Supporting Partners.
Ready to make an impact?
The MIFC Global Impact Challenge 2025 is your platform to accelerate innovative Islamic finance solutions that drive positive change.If you’re ready to showcase your solution and contribute to a more sustainable future, we want to hear from you.
CO-ORGANISERS
