Kuala Lumpur, 3 July 2009

SC Chairman receives prestigious Islamic finance award

Securities Commission Malaysia (SC) Chairman Tan Sri Zarinah Anwar has received the prestigious “Most Outstanding Contribution to the Development of an Islamic Capital Market” award held in conjunction with the London Sukuk Summit on 2-3 July 2009. 

The London Sukuk Summit Awards honour and appreciate efforts of individuals and institutions that have contributed significantly to the development of the Islamic finance industry globally. Tan Sri Zarinah, who also delivered a keynote address at the summit, received the award on 2 July 2009 at an award presentation ceremony in London.

“The award underscores the international community’s recognition of the very significant role that the SC has played and will continue to play in the development of Islamic finance”, Tan Sri Zarinah said.

“Moving forward, we will continue to push for the introduction of new and more innovative Shariah compliant products in our market. We will leverage on our facilitative regulatory framework and Malaysia’s pioneering role in the development of the Islamic capital market to further promote and accelerate the growth of a competitive and thriving global Islamic financial market,” she added.

Since taking over the helm of SC in April 2006, Tan Sri Zarinah has been at the forefront of Islamic capital market development. Under her stewardship, Malaysia remains firmly established as one of the largest issuers of sukuk globally, with 60% of the world’s issuance of sukuk originating from Malaysia.

Today, about 87% of the listed securities on the Malaysia stock exchange are Shariah-compliant. Malaysia offers a full range of end-to-end Shariah compliant products and services, including Shariah-compliant equities, sukuk, unit trust funds, Islamic ETFs, Islamic REITs and structured products and derivatives.

The 2009 London Sukuk Summit, with the theme “Innovating for the Future: The Next Generation of Post Credit Crunch Sukuk Structures / Preparing for the Next Wave of ICM Offerings”, was organised by ICG Events and endorsed by HM Treasury, UKTI, The London Stock Exchange, International Financial Services London (IFSL) and The Arab British Chamber of Commerce.