Kuala Lumpur, 18 Nov 2015 – The BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) today launched the “SRI (Sustainable Responsible and Impactful) & the Case for Islamic Funds” booklet.
The SRI booklet is a joint effort between CIWM and the Malaysian International Islamic Financial Centre (MIFC) to raise awareness on the inextricable link between sustainable and Shariah compliant investments. The booklet covers three sections:
- Foundation and growth of investing through principles
- Investors increasing’ attraction for the SRIs
- The case of emerging markets, Islamic investments and the Malaysian option
The key objective of this publication is to create awareness on shared SRI and Islamic finance value propositions and develop a global interest for SRI sukuk. It also seeks to support business engagements in securing SRI mandates and Environmental, Social & Governance-based business.
The booklet was launched by INCEIF Deputy President (Academic), Prof Datuk Dr Syed Othman Alhabshi, BNP Paribas Malaysia chairman Dato’ Abdullah Mat Noh and the Director of MIFC Promotion Unit Mr Nik Mohamed Din Nik Musa at the one-day `Managing Risks in Islamic Finance Industry’ symposium organized by CIWM.
Also launched at the event was the inaugural CIWM bulletin.
Four speakers from the industry shared their experience and knowledge in managing risks in the areas of private equity, fund management, sukuk and takaful respectively. The speakers were:
- Mr. Omar Shaikh, Executive Board Member of Islamic Finance Council, UK, who spoke on managing risk in the private equity fund sector
- Mr. Monem Salam, President, Saturna Sdn Bhd who spoke on managing risk in the fund management sector
- Mr. Nik Ahmad Zaki Nik Abdullah, Deputy Director, Fixed Income Origination, Syndication and Development, RHB Bank, who spoke on managing risk in the sukuk industry
- Mr. Nor Azman Zainal, Chief Marketing Officer, Prudential BSN Takaful, who spoke on managing risk in the takaful industry.
The deliberations at the symposium provided direct insights into the tools, skills and real-world dynamics that are required to effectively manage risks for Islamic investments.
Since its inception in January 2013, CIWM has focused on its mandated areas of research, innovation and policy implications in the Islamic wealth management Industry. It has effectively collaborated with the industry, and in this light, the Centre has successfully invited practitioners, regulators and academics in the specialist areas of Islamic wealth over the last three years, to share their expertise and experience in developing the sector.
CIWM has hosted six symposiums including today’s event focusing on managing risk in the Islamic finance sector. The general investment philosophy of any investment initiative is to generate maximum benefits from each dollar invested, and an effective risk management strategy is an essential part of this initiative to maximize returns per dollar of investment, irrespective of Islamic or otherwise.