EPICENTRE - CIS Region A Growing Opportunity For Islamic Finance

February 2015 / Jamadilawal 1436H The Commonwealth of Independent States (CIS) countries are emerging as a region of opportunity for Islamic finance. The financial sectors in the frontier CIS countries are expected to record robust growth in the near term, further supported by CIS governments’ moves towards re-integrating with the European Union.The region’s growing wealth and supportive regulatory structures, combined with the need for infrastructure financing and access to financial services for the population, provide the ideal circumstances for Islamic finance to take root. OTHER HIGHLIGHTS: The Global Islamic Finance and Investment Group: Expanding The Frontiers of Islamic Finance Bank Negara Malaysia and the United Kingdom Foreign and Commonwealth Office co-hosted the second Global Islamic Finance and Investment Group (GIFIG) meeting at Sasana Kijang, Kuala Lumpur. This meeting follows the inaugural meeting held in London in March 2014. As with the previous GIFIG, a series of discussions were held between senior government officials and business leaders in Islamic finance around the world including the UK, Malaysia, Qatar, Bahrain and the UAE. READ MORE HERE The Official Launch of Maybank Islamic Shariah Centre of Excellence Maybank Islamic Berhad’s Shariah Centre of Excellence (SCoE) was officially launched by Bank Negara Governor Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz. In conjunction with the launch, Maybank Islamic also announced a few collaborative initiatives with INCEIF, The Global University of Islamic Finance. 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.