Zainal Izlan Zainal Abidin

ESG podcast: Securities Commission #Malaysia outlines plans for green Islamic finance (part 2)

In this podcast Zainal Izlan Zainal Abidin of Securities Commission Malaysia speaks about the country's strategy for socially responsible and sharia-compliant investing. He talks about the challenges in making Malaysia a global Islamic finance centre. He sees great potential for Malaysia as it rolls out new products, such as a sukuk ETF. Zainal believes the gradual harmonizing of Sharia definitions will fuel more cross-border transactions between Malaysia and the Middle East.

SC: Total sukuk issuance at RM219.4bil

During the first eight months of this year, total sukuk issuance in Malaysia reached RM219.4bil compared with RM120.7bil during the same period in 2011. In 2012, the Islamic capital market showed encouraging performance. Moreover, the sukuk area was able to register a record in total issuance value. The Islamic equity segment was bolstered thanks to Felda Global Ventures Holdings Bhd and IHH Healthcare Bhd. The growth tendency of the Islamic capital market is true not only for Malaysia but worldwide as well.

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MALAYSIA: The Islamic finance industry grows at 14 per cent annually to RM3.1 trillion

Islamic finance has grown about 14% over the past 15 years.
Zainal Izlan Zainal Abidin estimates the Islamic finance industry at about US$1 trillion. It seems that the Islamic finance is penetrating new markets such as in Europe and Africa.
Zainal Izlan Zainal Abidin underlined the fact that guidelines to govern the issuance and offering of a wide range of capital market products and services had been put in place to ensure orderly development of Islamic capital market, and these guidelines were regularly reviewed to ensure their relevance and effectiveness

i-VCAP Receives Securities Commission approval to be a full-fledged Islamic Fund Management Company

i-VCAP Management Sdn Bhd announced it has received approval from the Securities Commission to operate as an Islamic fund management company. The firm is doing Islamic fund management under the general licence for some time.

Zainal Izlan Zainal Abidin is the CEO.

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