EPICENTRE : US - Potential Market for Islamic Finance

April 2014 / Jamadilakhir 1436H Islamic finance has made important strides into advanced economies in the US, Europe and Asia. US financial markets are the largest and most liquid in the world, and given the Islamic finance value propositions of a more stable financial system, the US market may benefit from increasing Islamic finance offerings. The importance of the US to the global economy and financial markets suggests ample potential for Islamic finance to take root in the country. OTHER HIGHLIGHTS: i-VCAP Launched South East Asia Shariah Exchange Traded Fund The launch of MyETF-MSEAD is poised to inject fresh impetus into Malaysia’s ETF market. The Fund will leverage on MSCI’s robust benchmark index which represents regional dividend yielding stocks. The Fund provides an opportunity for investors to have an investment exposure into the potential economic growth of South East Asia region. READ MORE HERE IFSB Admits Six Organisations into Its Membership The Council of the Islamic Financial Services Board (IFSB) has resolved to approve the admission of six organisations into the IFSB membership which include one supervisory authority as a Full Member, another supervisory authority as an Associate Member as well as three financial institutions and one professional firm as Observer Members. READ MORE HERE Please log on to www.mifc.com or call +603 26923481 for more information. Copyright © 2015 Bank Negara Malaysia. All rights reserved. DISCLAIMER :The copyright and any other rights in the selection, coordination, arrangement and enhancement of the information in this electronic newsletter are owned by Bank Negara Malaysia. No part of this electronic newsletter may be modified, reproduced or published without prior permission in writing from Bank Negara Malaysia and the relevant copyright owner. Although every effort has been made to ensure the timeliness, accuracy, adequacy and completeness of this electronic newsletter, Bank Negara Malaysia accepts no responsibility or liability for errors or omissions, if any. The information contained in this electronic newsletter is only up-to-date at the time of transmission, and is not exhaustive and may be updated from time to time on the website: www.mifc.com. Bank Negara Malaysia shall not be liable for loss or damage caused by viruses transmitted by this electronic newsletter. Bank Negara Malaysia is not responsible for any unauthorised changes made to the information in this electronic newsletter or for the effect of such changes. Bank Negara Malaysia appreciates any feedback or suggestions for improvement.