StanChart Saadiq champions way forward for Islamic finance
KUALA LUMPUR: Standard Chartered Saadiq Malaysia recently held the second edition of its Regional Islamic Financial Markets Forum to bring together key industry experts, regulators and practitioners in the region to drive thought leadership and advocacy in the areas of treasury and liquidity management products, asset management, custodial services, as well as environmental, social and governance.
The forum, which was graced by Malaysia International Islamic Finance Centre Leadership Council Chairman Tan Sri Azman Mokhtar, was also attended by more than a hundred participants from the financial services industry, both local and regional.
During his keynote address, Tan Sri Azman said, “There is a pressing need to develop our financial system in Malaysia and beyond to be more humane and more sustainable, especially through the levers of a sound, ethical values-based system that is Islamic finance.
"Underpinned by the environmental, social and governance movement, the overall momentum of finance and business trends and practices are still anchored on a framework that revolves around sustainability and stakeholders, instead of just a shareholder economy framework.
"It is in this context that this historic moment is especially opportune for Islamic finance and economics, with its ideal of social justice and an ethical core as its anchoring principles.”
Mak Joon Nien, chief executive officer of Standard Chartered Malaysia, said, “There is strong potential for growth in Islamic finance and Malaysia, as a key Islamic finance hub and an international leader in Islamic finance, has an important role to play in driving progress towards sustainability and a just transition.
"In line with our vision to be Here For Good, Standard Chartered Saadiq aims to continue leading the way in Islamic banking to serve our clients – whether it is through our comprehensive product capability, strong credentials with Shariah boards that comprise many of the world's top scholars or global Islamic banking expertise covering 25 markets that form an unrivalled Islamic network that spans across Asia, Africa and the Middle East.”