Innovation in Islamic finance can help create meaningful impact on the community and economy, he says.
Bank Negara Malaysia governor Abdul Rasheed Ghaffour says that Islamic finance has a major role to play in creating value for the community.
“These include instruments such as sukuk, syndicated financing and blended finance on a much larger scale,” he added. Abdul Rasheed elaborated on the adaptability of IA features, suggesting that they could seamlessly integrate with social finance mechanisms. He drew inspiration from the noteworthy advancements seen in sustainable and responsible investment sukuk structures.
Secondly, Abdul Rasheed said that the value-based intermediation framework, established by BNM in 2017, serves as an anchor in delivering tangible impact on society.
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