EPICENTRE - Islamic Finance: Promoting Real Economic Development

October 2015 / Muharram 1437H During the global financial crisis and its aftermath, Islamic financial institutions were less affected, protected by their fundamental operating principles of risk sharing and the avoidance of leverage and speculative financial products. This has led to a greater appreciation of the role of Islamic finance in supporting economic growth across the globe. With its in-built principles that support financial stability, inclusiveness and economic development, Islamic finance lends itself well to catalysing and promoting real economic development. OTHER HIGHLIGHTS: Keynote Address on the Business Mission to Morocco by HRH Sultan Nazrin Muizzuddin Shah Islamic finance can and ought to offer more long-term solutions that will drive both growth and sustainability by taking into consideration the well-being of society, economic prosperity and the environment. There are three areas in which the industry can play a far more significant role moving forward. READ MORE HERE Malaysia’s Royal Award for Islamic finance Calls for Global Nominations Malaysia’s Royal Award for Islamic Finance commenced a global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations for the fourth recipient of the Royal Award. The Royal Award, which was inaugurated in 2010 as a biennial award, is spearheaded by Bank Negara Malaysia and the Securities Commission Malaysia in support of Malaysia as an Islamic finance marketplace. 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.