EPICENTRE - Awqaf. Powerful Socio-Economic Vehicles

October 2014 / Zulhijjah 1435H Awqaf are powerful socio-economic vehicles that, if efficiently managed utilising Islamic finance facilities, have the ability to eradicate poverty, establish socio-economic justice and achieve equitable distribution in a society. These Islamic endowment structures are utilised to fund real economic activities or financial investments and the returns from these are then used to achieve the societal welfare and social benefits. OTHER HIGHLIGHTS: Securities Commission Malaysia Issues Shariah Parameters on Islamic Exchange-Traded Fund based on Gold and Silver The Securities Commission Malaysia (SC) issued the Shariah Parameters on Islamic Exchange-Traded Fund (i-ETF) based on gold and silver as guidance and reference from Shariah perspective to facilitate product development by industry participants. The issuance of the Shariah Parameters on i-ETF is an initiative to further develop the Islamic capital market in Malaysia by providing the Shariah requirements for Islamic ETF based on gold and silver. READ MORE HERE Centre for Islamic Wealth Management (CIWM) conference on “Malaysia, The Future Global Private Banking Hub: Opportunities and Challenges” BNP Paribas-INCEIF Centre for Islamic Wealth Management (CIWM) organised a conference on “Malaysia, the Future Global Private Banking Hub: Opportunities and Challenges”. Current trends towards regional financial integration have presented significant opportunities to tap into the enlarged pool of savings in Asia. READ MORE HERE Please log on to www.mifc.com or call +603 26923481 for more information. Copyright © 2014 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.