The virtual conference will highlight Malaysia’s sustainable finance journey and showcase Islamic Finance and Islamic Capital Markets as an enabler in achieving sustainable development globally. Tengku Zafrul added that the Finance Ministry would try to launch initiatives that promote the circular economy. Within Southeast Asia, bonds and sukuk issued under the Asean Green, Social and Sustainability Bond Standards amount to US$16.7bil (as at October 11, 2021 according to Asean Capital Market Forum). Syed Zaid also said digitisation has provided the catalyst for Islamic finance to progress. “Besides digitisation, another promising source of growth going forward is Islamic social finance.

Source: The Star November 09, 2021 00:58 UTC