EPICENTRE - The Halal Economy. Huge Potential For Islamic Finance

September 2014 / Zulhijjah 1435H The global halal economy and the Islamic finance industry are natural economic partners, but are far from fulfilling their combined potential for a holistic Islamic economy. Huge opportunities exist in the rapid growth of halal industries, such as food, clothing, finance and tourism, to ensure end-to-end Shariah-compliance in halal operations, not only through islamic banking solutions but also through Shariah-compliant crowd-funding, venture capital financing and private equity funding. OTHER HIGHLIGHTS: The Royal Patron for Malaysia’s Islamic Finance Initiative Bank Negara Malaysia, on behalf of the Malaysia International Islamic Financial Centre (MIFC) Executive Committee, is pleased to announce that His Royal Highness Sultan Nazrin Muizzuddin Shah Ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfur-lah, Sultan of Perak Darul Ridzuan has graciously consented to the role as the Royal Patron for Malaysia’s Islamic Finance Initiative. READ MORE HERE BTMU Malaysia Issues The World’s First Yen-Denominated “Emas” Sukuk Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad successfully issued the world’s first Yen- denominated “Emas” Sukuk (Yen Sukuk). The Yen Sukuk issuance is one of two tranches of BTMU’s inaugural sukuk issuances from the Multi-Currency Sukuk Programme under the Shariah principle of Wakalah Bi Al-Istithmar of USD500 million. READ MORE HERE Islamic Finance and The Real Economy A newly released report “Islamic Finance and the Real Economy”, was released during the Global Islamic Finance Forum 2014 (GIFF 2014). The report analyses the role of Islamic finance in supporting economic growth, in light of the nine growth dynamics of Islamic finance. Success stories of Islamic financial instruments in funding the real economy are also discussed in the report, with key lessons highlighted. 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.