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MIFC Epicentre June 2015 /  Syaaban 1436H
The recent revival of waqf was spurred by the realisation among the stakeholders that waqf is an important resource mobilization mechanism, that if properly developed, managed and utilized will be able to fund various economic activities for the benefit of the community. Through waqf, the socio-economic aspects of contemporary Islamic finance can be fulfilled. With proper structuring and administration, it can provide perpetual benefit to the society. Today the utilisation of waqf extends beyond key Islamic finance jurisdictions such as Malaysia and the GCC, namely in the US, Canada, South Africa and India, which is a testament to its social and economic contributions. The perpetual nature of waqf makes it a highly effective platform for sustainable economic growth, concurrently serving the social agenda of Islamic finance Institutions in particular, and Islamic finance in general.
Khazanah Issues World’s First Ringgit-denominated Sustainable and Responsible Investment Sukuk
Khazanah Nasional Berhad successfully offered and priced a RM100 million seven-year Sustainable and Responsible Investment Sukuk to be issued via a Malaysian incorporated independent Special Purpose Vehicle, Ihsan Sukuk Bhd. This issuance was pursuant to Ihsan’s RM1.0bn Sukuk Programme, the first programme approved under the Securities Commission Malaysia’s Sustainable and Responsible Investment Sukuk framework.
Updated List of Shariah-compliant Securities by SC's Shariah Advisory Council
The Securities Commission Malaysia released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC). The updated list, which takes effect on 29 May 2015, features a total of 674 Shariah-compliant securities. These counters constitute 75 per cent of the total 903 listed securities on Bursa Malaysia.
Malaysia 2015: Global Islamic Finance Report by International Investor
International Investor published a report on "Malaysia 2015 - Global Islamic Finance". The report provides market insights and business philosophy of those who are shaping the global Islamic finance landscape in Malaysia.
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