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Value-based intermediation for islamic banking institutions directed towards sustainable development goals


 
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1. Title Title of document Value-based intermediation for islamic banking institutions directed towards sustainable development goals
 
2. Creator Author's name, affiliation, country Arshad Roshayani; Universiti Teknologi MARA, Selangor, Malaysia
 
2. Creator Author's name, affiliation, country Muda Ruhaini; Universiti Teknologi MARA, Selangor, Malaysia
 
2. Creator Author's name, affiliation, country Nair Ramesh; Universiti Teknologi MARA, Selangor, Malaysia
 
2. Creator Author's name, affiliation, country Baharudin Idora; Agrobank, Malaysia
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Value-Based Intermediation, Islamic Banking Institutioins, Sustainable Development Goal, Sustainable Responsible Investment, Social Public-Private Partnership
 
4. Description Abstract n Malaysia, the adoption of sustainable investing activity started with the initial development of the Islamic funds industry in the 1980s. Moving forward, the Islamic financial industry needs to realign their focus beyond compliance towards more wholesome value-based activities in ensuring long term sustainable growth. In moving towards this focus, the Central Bank of Malaysia issued a Strategy Paper titled Value-Based Intermediation (VBI): Strengthening the Roles and Impact of Islamic Finance in July 2017. This paper aims to provide a simulation of VBI banking practices in Malaysia. The simulation affirms the potential benefits identified in the Strategy Paper: (1) Innovation: Impact-driven mind-set creates new market opportunity through development of innovative financial solutions, (2) Efficiency: Adapting current practices to enhance impact, and (3) Effective Ecosystem: Improving existing skills, supply chain or solving common issues faced by communities or other stakeholders, which eventually facilitates business success and socioeconomic wellbeing of the nation.
 
5. Publisher Organizing agency, location
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 12-07-2018
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier https://revues.imist.ma/index.php/IREF/article/view/12997
 
11. Source Title; vol., no. (year) The International Revue of Entrepreneurial Finance; Vol 1, No 1 (2018)
 
12. Language English=en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
15. Rights Copyright and permissions Copyright (c) 2018 Revue Internationale de la Finance Entrepreneuriale