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null EPICENTRE August 2022: Malaysian VBI Community has intermediated over RM146 billion on VBI-related activities in 2021

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EPICENTRE August 2022: Malaysian VBI Community has intermediated over RM146 billion on VBI-related activities in 2021
Malaysian VBI Community has intermediated over RM146 billion on VBI-related activities in 2021 
 
The Value-Based Intermediation (VBI) initiative was introduced in 2017 with the aim to deliver the intended outcomes of Shariah through practices, conduct and offerings that generate positive and sustainable impact to the economy, community and environment, consistent with the shareholders’ sustainable returns and long-term interests. 

Over the years, the VBI Community of Practitioners (COP) has made significant progress including enhanced guidance and disclosure, growing community of practitioners, collaborative mindsets and making greater impact. From October 2020 to September 2021, VBI COP which consists of 15 Islamic banks has intermediated a total of RM146.6 billion on VBI-related activities such as affordable housing, green financing and financing for SMEs and MSMEs. 

Download the infographic below for brief information on VBI initiative progress and milestones in 2021.

In another development, the financial sector regulators, Bank Negara Malaysia (BNM) and Securities Commission (SC) also issued policy and framework i.e. Policy Document on Bancassurance/ Bancatakaful and SRI-linked Sukuk Framework, respectively, to further advance the development of Islamic finance in addressing social and climate change concerns. 

The MIFC Team
Download infographic
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