EPICENTRE - Social Media: An Opportunity for Islamic Finance

May 2015 / Syaaban 1436H Today, most financial institutions recognise that the biggest question about social media is how it can best be applied in their business. Increasingly, this applies not just to retail banking, but investments as well. In a fast growing market such as Islamic finance, the information gained from direct interaction on social media is invaluable, as it would enable Islamic financial institutions to gauge market preferences for Shariah-compliant products and services. OTHER HIGHLIGHTS: Islamic Finance: Venturing into a New Region On 19 May 2015, under the banner of “Malaysia: World Islamic Finance Marketplace”, both INCEIF and Bank Negara Malaysia hosted a Business Forum entitled “Internationalisaton of Islamic Finance". The event was held in conjunction with the 12th IFSB Summit in Almaty, Kazakhstan. READ MORE HERE Khazanah to Issue First Ringgit-denominated Sustainable and Responsible Investment Sukuk Khazanah Nasional Berhad via a Malaysian-incorporated independent special purpose vehicle, Ihsan Sukuk Bhd, will be issuing its first Ringgit-denominated sustainable and responsible investment sukuk. The SRI Sukuk, which was mandated by the Khazanah Board of Directors, will be issued from Ihsan’s RM1.0bn Sukuk Programme, the first programme approved under Securities Commission Malaysia’s Sustainable and Responsible Investment Sukuk framework. READ MORE HERE 12th IFSB Summit Discusses the Core Principles for Islamic Finance Regulation and Reiterates Importance of Regulatory Cooperation for Cross-Border Integration Thought leaders and key players of the Islamic financial services industry (IFSI) shared their views on the industry’s regulatory and supervisory issues at the 12th IFSB Summit, themed “Core Principles for Islamic Finance Regulation: Integrating with the Global Regulatory Framework”. READ MORE HERE ISRA and SC Launch Joint Publication on “Islamic Capital Markets: Principles and Practices” The “Islamic Capital Markets: Principles and Practices” offers in-depth body of knowledge on Islamic capital markets. The textbook articulately and critically presents the theories and concepts of Islamic capital markets without losing sight of their practical aspects. 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.