30 vie for Islamic finance award

KUALA LUMPUR: Thirty nominees from around the world are being considered for The Royal Award for Islamic Finance.

The Securities Commission (SC) and Bank Negara said in a joint statement that the nominations were being deliberated by an independent international jury chaired by Tun Musa Hitam, chairman of the World Islamic Economic Forum Foundation.

“Unlike commercial awards which are deal-based, this award focuses on an individual’s record of achievement and outstanding contribution towards the advancement of Islamic finance globally,” they said.

“These 30 nominees represent the diversity and global acceptance of Islamic finance – from across all regions of the world including the Middle East, Europe, South-East Asia, Africa and Australia.

“This pool of influential drivers of global Islamic finance also includes non-Muslims and both genders.”

The Royal Award is spearheaded by the Malaysia International Islamic Financial Centre and supported by Bank Negara and the SC.

Nominations have come from every sector of the industry including syariah, academia, industry practitioners, Islamic finance institutions, research institutions, Government agencies and non-governmental organisations.

The seven-member jury comprises eminent individuals, syariah scholars, academicians and Islamic finance practitioners from Asia, Europe, the Middle East and the United States.

The results will be announced and the recipient will receive the inaugural Royal Award from the Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin at the royal gala dinner and award presentation on Oct 25 in Kuala Lumpur.

The recipient of the award will serve as a role model to inspire others to contribute to the advancement of the industry.

http://biz.thestar.com.my/news/story.asp?file=/2010/9/21/business/7070681&sec=business

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