Malaysia's Royal Award for Islamic Finance Calls for Global Nominations

KUALA LUMPUR, Nov. 13, 2013 /PRNewswire/ -- Malaysia's Royal Award for Islamic Finance (The Royal Award) commences the third global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations.

The Royal Award, which was inaugurated in 2010 as a biennial award, is spearheaded by Bank Negara Malaysia and the Securities Commission Malaysia in support of Malaysia's Islamic finance marketplace. The Royal Award focuses on an individual's record of achievement and outstanding contribution to the advancement of Islamic finance globally. Previous recipients recognised for their efforts in expanding Islamic finance were Shaikh Saleh Abdullah Kamel, founder of the Saleh Kamel Centre for Islamic Economy, at Al-Azhar University, Egypt, and Iqbal Khan, presently Chief Executive Officer of Fajr Capital.

An independent seven member international jury, chaired by former Malaysian Deputy Prime Minister and Chairman of the World Islamic Economic Forum Foundation, Tun Musa Hitam, will select the deserving individual. The selection criteria of The Royal Award for Islamic Finance encompass both qualitative and quantitative aspects of an individual's exceptional contribution towards Islamic finance globally. This includes financial innovation and pioneering work, exceptional leadership, adoption and acknowledgement within the industry, and inspiration and influence towards future progress and development of Islamic finance.

The closing date for nomination is 31 January 2014, and interested persons and parties can submit their nomination online via the website http://award.mifc.com or via email RAIFSecretariat@seccom.com.my.   

SECURITIES COMMISSION MALAYSIA

On behalf of the Malaysia International Islamic Financial Centre (MIFC) Initiative

Members of the Media may contact the SC's Corporate Affairs Department at +603-62048539 (Sreejaya Menon), +603-62048539 (Lau Mei San), or fax no.: +603-62015078 or e-mail: cau@seccom.com.my.

Securities Commission Malaysia (SC), established under the Securities Commission Act 1993, is a statutory body responsible to promote and develop securities and derivatives markets in Malaysia.

The SC spearheads the development of the Malaysian Islamic capital market (ICM) and over the years, the SC has built a comprehensive and facilitative framework for Islamic funds and wealth management. In addition, the SC has been driving product innovation in the Islamic equity and sukuk (Islamic bond) sectors; on top of promoting education, training, consultancy and research for the ICM.

Log on to http://www.sc.com.my for more information.