Global Islamic finance forum to focus on beyond profit

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Kuala Lumpur

The Global Islamic Finance Forum (GIFF), which will be held on Oct 3-4 here, will focus on the theme “Beyond Profit” as the participants push ahead with value-based intermediation (VBI).
The forum will bring together Islamic finance leaders and sustainability experts to advance VBI to build a more sustainable and inclusive global financial ecosystem.
Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) deputy president Rafe Haneef said the introduction of the VBI strategic paper by Bank Negara Malaysia in 2017 marked an important milestone in realising the full potential of Islamic finance.
“It has placed Malaysia at the forefront of Islamic banking leadership globally, with the aim to strengthen the roles and impact of Islamic banking institutions (IBIs) towards a sustainable financial ecosystem,” he said.
GIFF 2018 is a powerful platform for meaningful conversations and insights on how VBI will be a game changer to drive Islamic finance industry to its next level of growth, while giving equal importance to social, ethical and environmental considerations towards sustainable value creation.
“The application of VBI practices will result in a better facilitation of entrepreneurship, community well-being, sustainable environment and economic growth, which are very much aligned with shareholders’ focus on sustainable, long term returns,” he said.—Agencies

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