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Hi everyone. We bring you again a round-up of news in the world of Islamic finance and for this issue the focus is on the Global Islamic Finance Forum (GIFF 2018) that was recently held in Kuala Lumpur. We hope you will enjoy reading it. Let us know if you have any feedback.

Have a good weekend!

The MIFC Team.

 
Dr Zeti honoured with The Royal Award Islamic Finance 2018
 
Dr. Zeti Akhtar Aziz was honoured with the Royal Award for Islamic Finance, a prestigious award in Islamic finance for her achievements and exceptional leadership in expanding the frontiers of Islamic finance in the domestic and global financial arena. The award was conferred by His Royal Highness Sultan Nazrin Muizzuddin Shah, the Royal Patron for Malaysia’s Islamic Finance initiative during the royal award dinner in conjunction with the Global Islamic Finance Forum 2018. Read more.
Fostering greater collaboration among Shariah scholars 
An inaugural Roundtable Meeting of Centralised Shariah Advisory Authorities in Islamic Finance had gathered more than 30 senior Shariah advisory authorities and supervisory authorities from seven jurisdictions to exchange experiences, views and ideas on Shariah issues in Islamic finance. The roundtable meeting aims to foster greater collaboration among Shariah scholars who are members of centralised Shariah board and financial supervisory authorities in their jurisdictions. Read more.



 
GIFF2018: Advancing VBI to strengthen Islamic Finance
 
The Global Islamic Finance Forum (GIFF) made its return this year with the theme "Beyond Profit". The event was held on 3rd to 4th October 2018 in Kuala Lumpur and brought together Islamic finance leaders and sustainability experts to advance value-based intermediation (VBI) with the aim of building a more sustainable and inclusive global financial ecosystem. The keynote address was delivered by the Governor of Bank Negara Malaysia that highlighted the three key imperatives to bring closer the reality of “finance beyond profit”. Read more.
 
WWF-Malaysia Promoting Sustainable Financing together with INCEIF 
A Memorandum of Understanding (MoU) was signed between  WWF-Malaysia and the International Centre for Education in Islamic Finance (INCEIF) recently  to jointly develop and promote sustainable financing, with a shared goal of formulating environmental and social sustainability policies, standards and strategies relevant to Malaysia. Read more.
Guidance Documents on Value-based Intermediation: Strengthening the Roles and Impact of Islamic Finance
 
Bank Negara Malaysia issued 3 guidance documents to facilitate the practical adoption of Value-based Intermediation (VBI) during the Global Islamic Finance Forum (GIFF 2018). The VBI aims to re-orient Islamic finance business models towards realising the objectives of Shariah that generate positive and sustainable impact to the economy, community and environment through practices, processes, offerings and conduct. Read more.
 
World's first SDG sukuk for global sustainability
The world’s first United Nations (UN) Sustainable Development Goals (SDG) sukuk was launched by HSBC Amanah Malaysia Berhad (HSBC Amanah) recently reflecting HSBC Amanah’s commitment to financing projects that benefit communities and the environment in line with HSBC Group’s responsibility to help finance global sustainable development. This issuance is in line with the Group’s commitment to provide USD100 billion in sustainable financing and investment by 2025. Read more.

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