The Global Islamic Finance Forum (GIFF) makes its return this year with the theme “Beyond Profit”. GIFF is scheduled on 3rd to 4th October 2018 in Kuala Lumpur and will bring together Islamic finance leaders and sustainability experts to advance value-based intermediation (VBI) with the aim of building a more sustainable and inclusive global financial ecosystem.
“The introduction of the VBI Strategic Paper by Bank Negara Malaysia in 2017 marked an important milestone in realising the full potential of Islamic finance and has placed Malaysia at the forefront of Islamic banking leadership globally, with the aim to strengthen the roles and impact of Islamic banking institutions (IBIs) towards a sustainable financial ecosystem. GIFF 2018 is a powerful platform for meaningful conversations and insights on how VBI will be a game changer to drive Islamic finance industry to its next level of growth, while giving equal importance to social, ethical and environmental considerations towards sustainable value creation.”
“The application of VBI practices will result in a better facilitation of entrepreneurship, community well-being, sustainable environment and economic growth, which are very much aligned with shareholders’ focus on sustainable, long term returns,” said Rafe Haneef, Organising Chairman, GIFF2018 and Deputy President of the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).
The VBI Scorecard is a collaborative initiative by Bank Negara Malaysia, Global Alliance for Banking on Values (GABV) and members of the VBI Community of Practitioners (CoP) which consist of nine Islamic banks who have indicated their commitment to adopt VBI. It aims to measure the progression of the overall business activities and practices in delivering the intended outcomes of VBI.
GIFF2018 will feature industry leaders and experts who will share and discuss topics such as Integrating Sustainability and Responsible Financing into the Financial Sector; Roadmap to Sustainability; and Technological Disruption Impacting Sustainable Finance.
Various Islamic finance events will also be taking place in Kuala Lumpur during the week of GIFF. These include the 13th International Shariah Scholars Forum (ISSF2018), and the CIBAFI-World Bank Conference on Corporate Governance. The Royal Award for Islamic Finance 2018 will also be conferred to a deserving individual on 3rd October 2018.
Source Mondovisione