MIFC Epicentre February 2016 / Jamadilawal 1437H
Being the backbone of both developed and emerging economies, SMEs and MSMEs have limited access to finance, resulting in a funding gap. Islamic finance, with its portfolio of asset and equity-based financing solutions and its foundational philosophy of achieving financial inclusion, is well suited to bridge this gap.
Launch Of Investment Account Platform (IAP)
IAP is a strategic initiative of the Islamic finance industry to operationalise investment account, a new product offering by Islamic banking institutions. The platform has been developed by a wholly-owned subsidiary of Raeed Holdings Sdn Bhd (Raeed), a consortium of six Islamic banking institutions namely, Affin Islamic, Bank Islam, Bank Muamalat, Maybank Islamic, Bank Rakyat and Bank Simpanan Nasional.
Governor's Keynote Address at the Launch of the Investment Account Platform (IAP)
This platform is more than just a new and innovative medium for Shariah-compliant investments and fund raising initiatives. It signifies a fundamental shift towards providing solutions that addresses the prevailing gap in the current risk-transfer financial regime to one that now allows for financial institutions to include a wider range of investment intermediation activities that emphasises risk-sharing and thus facilitate a stronger linkage of finance and the real economy.
Welcoming Remarks by Datuk Zamani Ghani, Chairman, Raeed Holdings sdn.bhd at the Launch of Investment Account Platform
The launch marks another milestone in the domestic Islamic banking industry, as we embark on another important initiative that aims to broaden the traditional role of Islamic banking institutions, i.e. one of a traditional credit provider that will now include investment intermediary.
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