The Royal Award for Islamic Finance calls for global nominations and introduces two new prizesEmbargo : For immediate release Not for publication or broadcast before 1117 on Friday, 3 December 2021
03 Dec 2021
The Royal Award for Islamic Finance
Invitation for global nominations for The Royal Award for Islamic Finance was announced today. This prestigious award recognises an outstanding and inspiring individual who has made significant contributions to the advancement of the Islamic financial services industry. The Royal Award initiative is jointly led by Bank Negara Malaysia and the Securities Commission Malaysia.
An independent international seven-member jury, chaired by former Chairman of the World Islamic Economic Forum Foundation, Tun Musa Hitam, will select a deserving individual to be the sixth recipient of The Royal Award. One of the main criteria in the selection of The Royal Award is the individual’s innovative and pioneering work in Islamic finance. The nominee should also possess exceptional leadership attributes and be widely acknowledged within the Islamic financial services industry.
In conjunction with The Royal Award, the Organising Committee is pleased to announce the addition of two new prizes: the Emerging Leader Prize and the Impact Challenge Prize.
The Emerging Leader Prize recognises and celebrates young international talent who have made outstanding contributions to the advancement of innovative ideas in Islamic finance. The Prize is open to individuals aged 40 and below, who have served in their area of expertise in Islamic finance for at least five years.
The Impact Challenge Prize aims to bring greater recognition to digital and innovative solutions based on Islamic finance principles or Islamic finance enablers, which can improve the economic and social resilience of financially impacted communities globally. The inaugural Impact Challenge Prize is organised in collaboration with The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia as a technical partner and supported by the Malaysia Digital Economy Corporation.
Further information on all categories, including global nominations and challenge applications can be found online at http://www.theroyalaward.com. For inquiries, please write in to RAIFSecretariat@seccom.com.my
The closing date for all nominations and challenge applications is 25 March 2022.
BANK NEGARA MALAYSIA & SECURITIES COMMISSION MALAYSIA
NOTE TO THE EDITOR
About Malaysia's Islamic Finance Marketplace
Since more than 30 years ago, Malaysia has developed a comprehensive and sophisticated Islamic finance marketplace. The marketplace comprises a robust regulatory, supervisory, Shariah and legal framework, a deep primary market and active secondary sukuk market, diverse players and talent base with global capabilities and connectivity for business deals anywhere in the world, product innovation, breadth and depth and an efficient system for multi-currency clearing and settlement. Malaysia's Islamic finance marketplace is open to global industry players and market participants to collaborate with and mutually benefit from a highly conducive business environment of innovation, expertise and deal flow.
Our marketplace is a comprehensive Islamic finance ecosystem and business environment of infrastructure, innovation, expertise and deal flow, served by the Malaysia International Islamic Financial Centre (MIFC) Community, comprising the financial institutions, professional firms, regulators and government agencies.
For more information on Malaysia's Islamic finance marketplace, please visit www.mifc.com, follow us @MalaysiaIF and download MYIF app at Apple Store and Google Play.
About Bank Negara Malaysia
Bank Negara Malaysia is Malaysia’s central bank. Our principal objective is to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. To this end, we played a key role in developing both the conventional and Islamic financial system with the view that a well-developed financial system contributes to the country’s resilience. Over the years, we have also taken the lead in promoting Malaysia as an International Islamic Financial Center.
Log on to www.bnm.gov.my for more information.
About Securities Commission Malaysia
The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007. More information about the SC is available on its website at www.sc.com.my. Follow the SC on Twitter at @SecComMy for more updates.
About The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia
The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia is a partnership between Malaysia and the World Bank. The Hub works closely with counterparts in country and beyond by conducting analytical, advisory, and research work to support inclusive growth, promote sustainable finance and inclusive finance and to enhance good governance. Log on to www.wbg.org/my or www.facebook.com/worldbankmalaysia for more information.
Bank Negara Malaysia
03 December 2021
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