Islamic Finance Industry Shows Potential to Lead from the Front

Sultan Nazrin Muizzuddin Shah, Sultan of Perak, delivering a special keynote address at the 12th Securities Commission Malaysia-Oxford Centre for Islamic Studies’ virtual round table on the 23rd of September 2021, said the capability of the Islamic finance industry to take the lead in the global economic recovery was amply demonstrated by actions of the Islamic Development Bank (IsDB) during the COVID-19 pandemic.

Why it Matters?

It is important to find avenues to infuse Maqasid values into Islamic financial services operations, Sultan Nazrin said, also adding, the need to establish a common set of social goals based on global best practices and Maqasid as well. In an era with many challenges such as gender-based discrimination, growing divide be...