November 09, 2009

ARMED with its brand new motto "Shaping Islamic Finance Together," the Malaysian Islamic Finance Center (MIFC) took to the road recently to urge countries that the best way to promote the global Islamic finance industry was through cooperation and greater collaboration, particularly in the areas of innovation and liquidity management.

The six-day visit of the 80-strong MIFC delegation to Qatar and Bahrain last month led by Deputy Governor of Bank Negara Malaysia, Mohd Razif Abd Kadir, under the patronage of Raja Nazrin Shah, financial ambassador of the MIFC and Crown Prince of Perak State in Malaysia, was the latest manifestation of this initiative. At the same time Malaysia is trying to position the MIFC as the ideal financial intermediary for trade and investment particularly for the regional growth areas in Malaysia, and as a gateway to ASEAN (Association of South East Asian Nations).