EPICENTRE - Islamic Finance and Economic Growth Mutually Reinforcing

January 2015 /  Rabiulawal 1436H 2014 saw global Islamic finance spur economic growth in many jurisdictions, including beyond the traditional Islamic economies, spurring the industry to greater heights. In advanced economies sukuk provided an alternative fund raising option amid limited available fiscal space, with an opportunity for governments to establish themselves as Islamic finance players for future issuances. South East Asian jurisdictions attracted record demand for sukuk, while Islamic banking in Malaysia transitions into a more sophisticated market, spurred by evolving and forward-looking regulatory changes. In Africa Islamic finance is supporting real and sustainable financial activity, particularly for infrastructure and other economic programmes. OTHER HIGHLIGHTS: The 12th IFSB Summit will be held in Almaty, Kazakhstan on 19 - 21 May 2015 The Islamic Financial Services Board (IFSB) is pleased to announce that the 12th Annual Summit will be held on 19 - 21 May 2015 in Almaty, Kazakhstan. The National Bank of Kazakhstan is hosting the twelfth edition of this annual landmark event for the IFSB, the first to be held in the Central Asia region. READ MORE HERE CIMB Islamic Funds RM2 Million in UIM Waqf & Islamic Finance Management Studies and Islamic Finance Special Library Universiti Islam Malaysia (UIM) and CIMB Islamic have put in place agreements for their cooperation in promoting the development of higher education through a special endowment grant to establish the Chair for Waqf and Islamic Finance Management Studies as well as the establishment of CIMB Islamic Primary Resources for Islamic Finance Special Library. 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.