KUALA LUMPUR, May 28 (Bernama) — Malaysia plans to implement government-to-government (G2G) facilitation leveraging on Islamic trade finance for economic cooperation among the Organisation of Islamic Cooperation (OIC) countries.<\/p>\n\n\n\n
Prime Minister Anwar Ibrahim said this initiative will help turbo-charge the growth of the Islamic economy.<\/p>\n\n\n\n
\u201cConsidering that the global size of the Islamic trade finance today represents only less than five per cent of the approximate total trade finance activities by OIC member countries, I call on OIC leaders to \u2018up the ante\u2019 and facilitate cross-border access to beef up innovation, trade and investments,\u201d he said when launching the Global Forum on Islamic Economics and Finance here Tuesday. <\/p>\n\n\n\n
Also present were Finance Minister II Amir Hamzah Azizan, Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour, Securities Commission Malaysia executive chairman Dr Awang Adek Hussin and Malaysia International Islamic Financial Centre (MIFC) chairman Azman Mokhtar.<\/p>\n\n\n\n
Anwar, who is also Finance Minister, said Malaysia will also spearhead the development of a global programme for Islamic economist in collaboration with its implementation partners.<\/p>\n\n\n\n
Prime Minister said the programme aims to cultivate a cadre of dynamic and highly skilled economists equipped with the right knowledge and expertise in Islamic economics to ideate solutions that address contemporary global challenges. <\/p>\n\n\n\n
\u201cIt is a multi-track programme offering executive education, applied research and working internship for participants to gain professional experience,\u201d he said.<\/p>\n\n\n\n
He noted that international Islamic organisations and development partners must work together to enhance international cooperation with concerted, holistic and harmonised economic growth strategies.<\/p>\n\n\n\n
These include removing structural barriers, improving infrastructure, enhancing trade practices and fostering good governance in reducing economic disparities.<\/p>\n\n\n\n
For Malaysia, Anwar said the MADANI economic framework puts forward a new method for civilisational development to guide towards achieving the goal of just and equitable wealth distribution. <\/p>\n\n\n\n
\u201cThe government will continue to steadfastly support Islamic social finance initiatives in Malaysia,\u201d he added.<\/p>\n\n\n\n
— BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, May 28 (Bernama) — Malaysia plans to implement government-to-government (G2G) facilitation leveraging on Islamic trade finance for economic cooperation among the Organisation of Islamic Cooperation (OIC) countries. Prime Minister Anwar Ibrahim said this initiative will help turbo-charge the growth of the Islamic economy. \u201cConsidering that the global size of the Islamic trade finance today represents […]<\/p>\n","protected":false},"author":30,"featured_media":216798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/265308"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=265308"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/265308\/revisions"}],"predecessor-version":[{"id":265309,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/265308\/revisions\/265309"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/216798"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=265308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=265308"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=265308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}