BANGI (THE STAR/ASIA NEWS NETWORK) - Malaysia may not be a perfect nation, but it is by no means a "failed state", said Prime Minister Najib Razak.

The Prime Minister said it was wrong to label Malaysia as a failed nation when reports like the "The Global Islamic Economy Indicator 2014-2015" recognised Malaysia as a top Muslim nation.

"We have been called a failed state. Some called us a rogue nation. But is this the true image of Malaysia?

"It is quite ironic, when this 'failed state' topped the Global Islamic Economy Indicator 2014-2015, an independent study that is not influenced by our government," Datuk Seri Najib said at the International Wasatiyyah Seminar 2015 here on Tuesday.

"The research covers 70 Muslim counties and looks into the quality of the overall Islamic economy eco-system.

"The study says Malaysia leads by a large margin. Our Islamic economy system is also said to be the most mature, and so is our halal industry."

He added that even though the country is small, in aspects of Islamic finance, Malaysia is ahead of many other nations.