The invitation to the global nominations for the Royal Prize for Islamic Finance was announced today. This prestigious award recognizes an exceptional and inspiring individual who has made a significant contribution to the advancement of the Islamic financial services industry. The Royal Award initiative is jointly led by Bank Negara Malaysia and Securities Commission Malaysia.

An independent international jury of seven members, chaired by the former president of the Foundation of the World Islamic Economic Forum, Tun Musa Hitam, will select a deserving person to be the sixth recipient of the royal award. One of the main selection criteria for the Royal Award is the innovative and pioneering work of the individual in the field of Islamic finance. The candidate should also possess exceptional leadership qualities and be widely recognized within the Islamic financial services industry.

The Emerging Leader Award recognizes and celebrates young international talents who have made outstanding contributions to the advancement of innovative ideas in Islamic finance. The Prize is open to persons aged 40 and under, who have served in their area of ​​expertise in Islamic finance for at least five years.

The Impact Challenge award aims to bring greater recognition to digital and innovative solutions based on the principles of Islamic finance or the enablers of Islamic finance, which can improve the economic and social resilience of financially affected communities around the world. The first Impact Challenge Prize is organized in collaboration with the Center for Inclusive Growth and Sustainable Finance of the World Bank Group in Malaysia as a technical partner and supported by the Malaysia Digital Economy Corporation.

Further information on all categories, including global nominations and challenge nominations, is available online at http://www.theroyalaward.com. For any inquiries, please write to [email protected]

The deadline for all challenge nominations and applications is March 25, 2022.

BANK NEGARA MALAYSIA & SECURITIES COMMISSION MALAYSIA

A member of the community of:
Media contact:
Roziah Mohd. Hanifa ([email protected]), Delyana Nordin ([email protected])

About the Islamic finance marketplace in Malaysia

For over 30 years, Malaysia has developed a comprehensive and sophisticated Islamic financial market. The market comprises a strong regulatory, supervisory, sharia and legal framework, a deep primary market and an active sukuk secondary market, diverse players and a talent base with global capabilities and connectivity for business transactions all over the world. the world, product innovation, breadth and depth and an effective multi-currency clearing and settlement system. Malaysia’s Islamic finance market is open for global industry players and market participants to collaborate and mutually benefit from a business environment highly conducive to innovation, expertise and business flow.

Our marketplace is a comprehensive Islamic financial ecosystem and business environment of infrastructure, innovation, expertise and business flow, served by the Malaysia International Islamic Financial Center (MIFC) community, including institutions financial institutions, professional firms, regulators and government agencies.

For more information on the Islamic finance market in Malaysia, please visit www.mifc.com, follow us @MalaysiaIF and download the MYIF app from Apple Store and Google Play.

About Bank Negara Malaysia

Bank Negara Malaysia is the central bank of Malaysia. Our main objective is to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. To this end, we have played a key role in the development of the conventional and Islamic financial system with the idea that a well-developed financial system contributes to the resilience of the country. Over the years, we have also taken the initiative to promote Malaysia as an international Islamic financial center.

About the Malaysian Securities Commission

The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulator for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including exchanges and clearing houses, and for regulating all persons authorized under the Capital Markets and Services Act 2007. . .com.my. Follow the SC on Twitter at @SecComMy for more updates.

About the World Bank Group Malaysia Center for Inclusive Growth and Sustainable Finance

The World Bank Group Malaysia Center for Inclusive Growth and Sustainable Finance is a partnership between Malaysia and the World Bank. The Hub works closely with its counterparts in the country and beyond by carrying out analytical, advisory and research work to support inclusive growth, promote sustainable finance and inclusive finance and improve good governance. Log on to www.wbg.org/my or www.facebook.com/worldbankmalaysia for more information.

© Press release 2021