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null EPICENTRE August 2021: Empowering industry towards sustainable finance ecosystem


EPICENTRE August 2021: Empowering industry towards sustainable finance ecosystem
Empowering industry towards sustainable finance ecosystem

Over the years, Malaysia’s Islamic finance industry has been embracing the Value-based Intermediation (VBI) agenda. This includes being committed to incorporate practices that generate positive socio-economic impacts.

Recently, another initiative was taken by Malaysia’s takaful industry with the launch of the Value-based Intermediation for Takaful (VBIT) Framework. The Framework aims to encourage industry players towards achieving growth that is sustainable and meaningful for all stakeholders.

This Framework is expected to propel the takaful industry to integrate the value-based principles seamlessly into the respective business practices towards becoming an end-to-end VBI institution.

Download the infographic below to get more information on the VBI for Takaful Framework.

In addition, the Royal Award of Islamic Finance (The Royal Award) has released the second Royal Award Winner Commemorative Booklet to celebrate the great achievements of the award winner. Stay tune for the remaining three booklets which will be released soon.

The MIFC Team
Download infographic

Unlocking the potential of takaful industry towards a sustainable finance ecosystem

Malaysia’s takaful industry has released the Value-based Intermediation for Takaful (VBIT) Framework which serves as a guideline in implementing VBI practices and values in takaful industry.
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Advancing the Malaysian financial sector's response to climate risk

The Joint Committee on Climate Change (JC3) continues to advance initiatives to strengthen the financial sector’s capacity in managing climate-related risks. A Climate Change and Principle-Based Taxonomy Implementation Group will be established to support its consistent and credible implementation by financial institutions.
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Leaders setting the direction for change in sustainability

The Malaysian Islamic financial institutions have stepped up to re-steer the economies and financial systems to be more sustainable and inclusive, evidenced through the Value-based Intermediation (VBI) initiative and practice, in which action-oriented leadership is key.
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ESG to spur demand for green sukuk as sustainable assets top USD40 trillion

Demand for green and sustainable sukuk will benefit from robust growth in institutional investor demand for ESG products, given the natural crossover of sustainable investing and Islamic finance in integrating societal impacts.
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SME Bank’s sustainability sukuk aims to transit Malaysian SMEs into green circular economy

The issuance of the sustainability sukuk inaugurates a wider opportunity for SMEs to develop their business, technology and services, as well as supporting the government’s aspiration of developing the green technology sector.
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i-Connect Fintech in Islamic Finance Programme

The i-Connect Fintech programme has been launched to create and nurture a conducive innovation ecosystem and provide funds to support and foster innovation in Islamic fintech in Malaysia.
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Toward a green economy: Mapping SDGs against Malaysia’s annual budget

In line with Malaysia’s Shared Prosperity Vision 2030, the UN Sustainable Development Goals (SDGs) have been incorporated into all the initiatives under the 11th Malaysia Plan which is key to ensuring progress remains on track.
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ISRA, UKIFC and GEFI launches 'Islamic Finance and the SDGs' Report

The entities have launched the third report in its 4-part thought leadership series that aims to assist and encourage active engagement in support of the UN’s SDGs by the global Islamic finance sector.
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Malaysian sukuk to remain resilient

The local currency sukuk market is expected to remain strong for 2H21 despite a challenging first quarter and downside risk. The attractive low yields will incentivise firms to bring forward their funding plans before interest rates start to normalise along with policy rates in 2022.
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Malaysia moves into pole position as sovereign sukuk issuer in 1Q 2021

Despite the economic challenges wrought by the COVID-19 pandemic, the global sukuk market recorded a 21.2% y-o-y increase in issuance to USD42.3 billion in 1Q 2021 (1Q 2020: USD34.9 billion). Malaysia led this global issuance with a 42.4% market share (USD17.9 billion).
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View booklet here
Islamic Finance Dashboard
Upcoming Events
Islamic Trade Finance - An Opportunity for Malaysia
Date:  23 August 2021

Tawarruq in Islamic Financing - Applications and Legal Documentation
Date: 26 August 2021

Credit Risk Management in Islamic Finance 
Date: 24 September 2021 

Documentation for Islamic Hire-Purchase
Date: 28 September 2021

16th International Shariah Scholars Forum (ISSF 2021)
Date: 6 - 7 October 2021
Global News on Islamic Finance
  1. The IFSB Secretariat issues the first edition of the Implementation Guidelines Report for 2020 as standard implementation support document with Bahrain, Jordan, Oman and Kazakhstan experiences
  2. Egypt's parliament gives final approval to sovereign sukuk law
  3. UK’s new agriculture and renewable infrastructure Islamic impact fund set for August roll-out
  4. Turkey may merge three Islamic banks controlled by wealth fund
  5. Ethiopia: First full-fledged non-interest bank goes operational
  6. Bank Syariah Indonesia aims to double assets by targeting religious millennials
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