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01 Nov | Friday
Value-based Intermediation Financing and Investment Impact Assessment Framework - Guidance Document

Bank Negara Malaysia today issued the "Value-based Intermediation Financing and Investment Impact Assessment Framework - Guidance Document" (VBIAF). The guidance document is jointly developed by the VBI Community of Practitioners (CoP), the International Centre for Education in Islamic Finance (INCEIF) and The World Bank Group (Malaysia Office). The World Wide Fund for Nature (WWF) (Malaysia and Singapore Offices) has also made significant contribution towards the drafting of this document, especially from environmental and social aspects.
 
The VBIAF aims to facilitate the implementation of an impact-based risk management system for assessing the financing and investment activities of Islamic financial institutions in line with their respective VBI commitments. The VBIAF also serves as a reference for other financial institutions intending to incorporate environmental, social and governance (ESG) risk considerations in their own risk management system.
 
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source: Bank Negara Malaysia
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