Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 250

Posts Tagged ‘kuala’

Governor of Bank Negara Malaysia and founder of UN Global Compact open Responsible Finance Summit

Posted by fidest press agency su giovedì, 31 marzo 2016

finance summit

KUALA LUMPUR, MALAYSIA Hosted by Bank Negara Malaysia, the inaugural Responsible Finance Summit was opened today with powerful speeches from two leaders who have been key to the growth and development of the responsible finance industry.Dr. Zeti Akhtar Aziz, the Governor of Bank Negara Malaysia, the Summit’s host, highlighted the need for finance to serve the real economy. She said: “As responsible global financial participants, the opportunity to come together again to rebuild trust and provide the foundations of a more stable and sustainable long-term economic growth can be achieved through our commitments to responsible finance. The call is for greater global cooperation and leadership to unlock the future of finance and expand its positive impact in the global economy.”
Dr. Zeti Aziz is prominent central bank governor, the first female central bank governor in Asia. During her tenure, Malaysia has also led the region with the growth of Islamic finance, a key sector within the responsible finance industry. Malaysia’s Islamic banks represent 20% of the total banking system and its Islamic investment funds represent 37% of Asia’s responsible investment assets.
Following Dr. Zeti’s address, Mr. Georg Kell, Vice Chairman of Arabesque Partners and Founder and former Executive Director of the UN Global Compact delivered a keynote address to an audience of more than 400 leaders from across the world.Drawing from his experience in developing an initiative to implement universal sustainability principles that now has more than 12,000 signatories in more than 170 countries, Mr. Kell spoke of the need for forge a more inclusive and global responsible finance industry. He said: “Competitive struggle increasingly defined by being socially responsible and have top of the line governance sector; is a race to the top not a race to the bottom.The Responsible Finance Summit gathered high profile delegates from around the world – including Canada, Ghana, Malaysia, Seychelles, Libya, UAE, Nigeria, USA, Russia – at Sasana Kijang, the iconic center for banking and finance that has placed Malaysia as the emerging market epicenter in the responsible finance mapPresent at the Summit’s opening keynote session were high level attendees from the central banks of Libya, Ghana, Sri Lanka, and the Seychelles; and Ambassadors from Thailand, Jordan, Turkey, Canada, Brunei, Cambodia.Under the theme of “Unlocking Finance, Expanding Impact”, the Summit over the next 2 days will highlight emerging markets as the most important frontier for the expansion of the responsible finance industry. Discussions at the Summit will focus on 4 critical areas for the responsible finance industry:Increasing footprint in emerging markets
Enhancing and measuring the impact of the industry
Furthering the depth and knowledge sharing between Islamic finance and responsible finance
Integrating responsible finance within global financial markets
The Summit is organised by the Responsible Finance Institute (RFI) Foundation and co-organised by Middle East Global Advisors, two leading institutions spearheading the agenda of identifying Islamic finance within the broader responsible finance universe to capitalise on its unique aspects to make responsible finance more inclusive across the global population.
Malaysia is an ideal backdrop for discussions on convergence within the industry due to its leading role in the development of Islamic finance as well as its pioneering initiatives to encourage crossovers between Islamic finance and responsible finance, including establishing a regulatory framework to support sustainable, responsible and impact (SRI) sukuk. (photo: finance summit)

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Finance cannot be fully responsible until it is inclusive

Posted by fidest press agency su mercoledì, 30 marzo 2016

rfi foundationKUALA LUMPUR, MALAYSIA. The Summit, hosted by Bank Negara Malaysia, organised by the RFI Foundation and co-organised by Middle East Global Advisors, will take place on 30-31 March in Kuala Lumpur. During periods of economic stress, it is important for the responsible finance industry to come together to lay the groundwork for inclusive and sustainable economic development. The Responsible Finance Summit, under the theme of “Unlocking Finance, Expanding Impact”, aims to forge alliances between Islamic finance and traditional responsible finance in order to build the foundation for such an economic future. Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia will deliver a Keynote address at the Responsible Finance Summit alongside other leaders including His Royal Highness Emir Muhammadu Sanusi II, Emir of Kano, and Georg Kell, the Founder & Former Executive Director of the UN Global Compact.
In addressing the role for responsible finance, Governor Zeti, Chairperson of the Council of Advisors of the Responsible Finance Institute (RFI) Foundation, said: “Responsible finance has to always remain founded on the conviction that the primary role of finance is to be in the service of the real economy. This call for a closer examination of the fundamentals of the financial services sector to ensure ethical behavior is built into the culture and that financial products will value add to society. As we work towards a financial sector that is more responsible, we must also ensure that it benefits are accessible to all members of society; that it is inclusive.” Prof. Datuk Rifaat Abdel Karim, Chairman of the Trustees of the RFI Foundation which is organising the Summit, highlighted the importance of bringing all parties to the table: “As we come together, we must always ask how can responsible finance – Islamic finance, socially responsible investing and impact investing – most effectively contribute to equitable, inclusive and sustainable economic growth. This is the shared goals that unites all of the responsible finance approaches and guides the dialogue as the industry comes together”. (photo: rfi foundation)

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Responsible finance enables a growing middle class to become the catalyst for inclusive economic growth

Posted by fidest press agency su lunedì, 22 febbraio 2016

KualaKUALA LUMPUR 30-31 march 2016. The growth in Asia’s middle class—from 525 million today to over 3.5 billion by 2030 according to EY—will drive significant changes in the demand for financial services as the economic centre of gravity shifts eastward. To meet the expectations of a new consumer base and support its growth, the financial sector must strive for better integration of responsible finance principles by banks, investment managers, insurers and pension funds.The upcoming Responsible Finance Summit in March, hosted by Bank Negara Malaysia, organised by the RFI Foundation and co-organised by Middle East Global Advisors, will address the challenge of how Islamic finance can help create and support a thriving middle classes in emerging markets.The rising economic power in emerging markets—and particularly emerging Asia—is of critical interest for investors who integrate environmental, social and governance (ESG) data into their financial analysis and who must seek out tomorrow’s sustainable growth opportunities. Asia is also home to the majority of the world’s Muslims and the demand from Muslim consumers has sparked Islamic finance which has become a mainstream component of many financial systems. The leaders coming together at the Summit represent two important approaches responsible finance—ESG integration and Islamic finance—and will discuss strategies to support inclusive financial sector and economic development.Speaking ahead of the Summit, the CEO of the RFI Foundation, Blake Goud, shared: “Many investors are looking for growth in markets which have developed a savings culture and domestic financial markets with strong retail participation. Expanding financial inclusion through Islamic finance can help create these conditions which support a self-reinforcing cycle of inclusive economic growth.”With the theme “Unlocking Finance, Expanding Impact”, the Summit aims to identify ways that Islamic finance can be recognized for its key role in supporting financial stability and inclusive growth. For more information on the Summit, please visit rf-summit.com. Join the conversation on responsible finance at #RFS2016 @RFIFoundation.
The RFI Foundation is a non-profit organisation with a mission to identify a neutral, nonpartisan and universal value proposition that encourages convergence of responsible finance practices. By highlighting the shared standards around principles that govern the sector, Islamic finance will further contribute to a more diverse and representative thinking around the growth, trajectory and development of responsible finance.
Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East – The Middle East North Africa Southeast Asia (MENASEA) connection. We pride ourselves for being at the heart of these diverse markets for over 22 years. (photo: kuala)

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Founding Executive Director of the UN Global Compact to Deliver Keynote Address for upcoming Responsible Finance Summit

Posted by fidest press agency su lunedì, 8 febbraio 2016

Georg KellKUALA LUMPUR, MALAYSIA RFI Foundation, organizer of the Responsible Finance Summit is excited to announce that that Georg Kell, the founding Executive Director of the UN Global Compact, will deliver a keynote speech to the global responsible finance community in March. Mr. Kell helped establish the Global Compact as the foremost platform for the development, implementation and disclosure of responsible and sustainable corporate policies and practices. Mr. Kell is currently the Vice Chairman of Arabesque Partners, an Anglo-German asset management firm offering a quantitative approach to sustainable investing. The decades of experience in responsible finance that Mr. Kell brings to the Summit perfectly aligns with its premise that Islamic finance and responsible finance ecosystems are based on shared principles. The Summit will bring together the industry, regulators, and other stakeholders to expand the footprint of responsible finance within emerging markets. These diverse stakeholders will come together to explore ways to better integrate Islamic finance to lead growth of the global responsible finance industry within these markets. Speaking ahead of the Summit, Georg Kell said: “The Summit’s theme and focus resonates with our agenda at Arabesque Partners to make responsible finance more inclusive and expand its presence globally. By forging alliances to make responsible finance compatible with Islamic finance, it can fully leverage the growing global momentum around corporate sustainability. We look forward to partaking in these critical discussions at the Responsible Finance Summit”. The Responsible Finance Summit will take place at Sasana Kijang, a renowned center for knowledge and learning excellence established by Bank Negara Malaysia. For more information on the Summit, please visit rf-summit.com. Join the conversation on responsible finance #
The RFI Foundation is a non-profit organization with a mission to identify a neutral, nonpartisan and universal value proposition that encourages convergence of responsible finance practices. By highlighting the shared standards around principles that govern the sector, Islamic finance will further contribute to a more diverse and representative thinking around the growth, trajectory and development of responsible finance.
Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East – The Middle East North Africa Southeast Asia (MENASEA) connection. We pride ourselves for being at the heart of these diverse markets for over 22 years. (photo georg kell)

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Islamic investors benefits from wider use of integrated reporting, better governance requirements

Posted by fidest press agency su domenica, 31 gennaio 2016

kuala lqampurKUALA LUMPUR, MALAYSIA Islamic finance is complementary to and a major enabler of making responsible investing more ubiquitous across emerging markets – and Asia is leading the way – but integrated reporting and governance remains gap for many investors. To attract long-term capital, many companies in Asia are becoming more aware of how investors integrate Environmental, Social & Governance (ESG). In the process, they are becoming more open to engagement with responsible investors and in the process, are finding easier access to cheaper capital.Asian firms now comprise more than half of the Dow Jones Sustainability Emerging Markets Index, a benchmark for ESG performance. In 2015, seven of the 13 added companies to the index were based in Asia. Among the Bursa Malaysia FTSE 4 Good Index constituents of 34 companies that score highest on ESG criteria are also Shariah compliant, only 9 are Shariah non-compliant and 4 of those are banks with Islamic subsidiaries.Islamic finance is strongly connected to the real economy and places emphasis on how shareholders’ funds are used and whether they are in accordance with the values of investors. Expanding reporting requirements to include data relevant to ESG investors can help Islamic investors also better understand the permissibility of individual investments as well as allow integration of ESG to increase investment performance.As the importance of ESG spreads beyond equities and into fixed income and other asset classes, there is a recognition–in line with the longstanding perspective from Islamic finance–that a hands-off lender-borrower relationship is problematic. It is increasingly clear that all types of investors who are financing a business (including by financing them with debt) that non-financial factors can have significant financial impacts on their investment.This growing consensus supports wider convergence where Islamic investors adopts ESG principles to push for the transparency required to implement it. Research by Arabesque Asset Management and Oxford University demonstrate that between 80-90 percent of studies show implementing sustainability standards actually lower companies’ costs, improve performance and boost share prices.The Responsible Finance Summit — hosted by Bank Negara Malaysia, organised by the RFI Foundation, and co-organised by Middle East Global Advisors — aims to highlight how Islamic finance can support integrated reporting in emerging economies to expand responsible investment flows. Specifically, the Summit supports meaningful alliances between Islamic finance and traditional responsible investing.The synergies that exist between these two ecosystems – Islamic finance and responsible finance –are many and integrated reporting for Shariah-sensitive investors presents a new avenue for growth for Islamic finance.
The RFI Foundation is a non-profit organisation with a mission to identify a neutral, nonpartisan and universal value proposition that encourages convergence of responsible finance practices. By highlighting the shared standards around principles that govern the sector, Islamic finance will further contribute to a more diverse and representative thinking around the growth, trajectory and development of responsible finance.

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