MIFC Epicentre September 2014 / Zulhijjah 1435H
The global halal economy and the Islamic finance industry are natural economic partners, but are far from fulfilling their combined potential for a holistic Islamic economy.
Huge opportunities exist in the rapid growth of halal industries, such as food, clothing, finance and tourism, to ensure end-to-end Shariah-compliance in halal operations, not only through islamic banking solutions but also through Shariah-compliant crowd-funding, venture capital financing and private equity funding.
The Royal Patron for Malaysia’s Islamic Finance Initiative
Bank Negara Malaysia, on behalf of the Malaysia International Islamic Financial Centre (MIFC) Executive Committee, is pleased to announce that His Royal Highness Sultan Nazrin Muizzuddin Shah Ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfur-lah, Sultan of Perak Darul Ridzuan has graciously consented to the role as the Royal Patron for Malaysia’s Islamic Finance Initiative.
BTMU Malaysia Issues The World’s First Yen-Denominated “Emas” Sukuk
Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad successfully issued the world’s first Yen- denominated “Emas” Sukuk (Yen Sukuk). The Yen sukuk issuance is one of two tranches of BTMU’s inaugural Sukuk issuances from the Multi-Currency Sukuk Programme under the Shariah principle of Wakalah Bi Al-Istithmar of USD500 million.
Islamic Finance and The Real Economy
A newly released report “Islamic Finance and the Real Economy”, was released during the Global Islamic Finance Forum 2014 (GIFF 2014). The report analyses the role of Islamic finance in supporting economic growth, in light of the nine growth dynamics of Islamic finance. Success stories of Islamic financial instruments in funding the real economy are also discussed in the report, with key lessons highlighted.
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