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MIFC Epicentre July 2015 / Syawal 1436H
 
The financial sector plays a critical role in the socio-economic development of any country. Islamic finance was designed as a just and ethical financial system, supporting the efficient allocation of resources both for wealth creation purposes, as well as the betterment of society. Islamic finance is expected to further enhance socio-economic well-being in countries in which it operates, both through supporting the financial needs of households and businesses in a Shariah-compliant manner; as well as through additional support via zakat, waqf and Islamic microfinance.
   
OTHER HIGHLIGHTS:
RAM Ratings: Malaysian Power Sector Catalyst for Sukuk Development
In conjunction with the region’s integration under the ASEAN Economic Community, RAM Ratings has published the maiden report in its ASEAN Power Series. This report presents RAM’s assessment of the power sector’s structure, regulatory landscape, capacity and fuel-supply situation, the key players and how these influence the industry’s growth and infrastructure funding.
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