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Guidance Documents on Value-based Intermediation: Strengthening the Roles and Impact of Islamic Finance

IM Press Release
By IM Press Release
5 years ago
Guidance Documents on Value-based Intermediation: Strengthening the Roles and Impact of Islamic Finance


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  1. IM Press Release Service Published on :​ ​IslamicMarkets.com Publications: ​https://islamicmarkets.com/publications Guidance Documents on Value-based Intermediation: Strengthening the Roles and Impact of Islamic Finance 3 October 2018 The Bank today issued 3 guidance documents to facilitate the practical adoption of Value-based Intermediation (VBI). The VBI aims to re-orient Islamic finance business models towards realising the objectives of Shariah that generate positive and sustainable impact to the economy, community and environment through practices, processes, offerings and conduct. 1. The Implementation Guide for VBI​ provides guidance on practical value-based banking practices, as reference to Islamic financial institutions that intend to embark on the Value-based Intermediation initiative. It also outlines the phases of implementation and deliberates on key implementation challenges alongside some pragmatic solutions; 2. The VBI Financing and Investment Impact Assessment Framework (VBIAF) facilitates the implementation of an impact-based risk management system for assessing the financing and investment activities of Islamic banking institutions in line with their respective VBI commitment. (This paper is jointly developed with The World Bank and INCEIF); and 3. The VBI Scorecard​ provides an overview that covers purposes, key components of assessment and proposed measurement methodology. (This paper is jointly developed with the Global Alliance for Banking on Values) The Bank welcomes constructive feedback on the VBIAF and VBI Scorecard documents. Responses in the form of written feedback are to be submitted to ​vbi@bnm.gov.my​ by 30 November 2018. Further details can be found in the following documents: 1. Implementation Guide for Value-based 2. Intermediation Value-based Intermediation Financing and Investment Impact Assessment Framework (Consultative Document) Value-based 3. Intermediation Scorecard (Consultative Document)
  2. IM Press Release Service Published on :​ ​IslamicMarkets.com Publications: ​https://islamicmarkets.com/publications Organisation Name: Bank Negara Malaysia (BNM) News Type: Source: Notices & Annoucements http://www.bnm.gov.my/index.php?ch=en_announcement&pg=en_an nouncement&ac=670