Kuala Lumpur, 20 September 2010

The Royal Award for Islamic Finance Receives Global Nominations

  • 30 nominees
  • Nominations received from around the world – Middle East, Europe, South East Asia, South Asia, Africa and Australia
  • Nominations include Muslims and non-Muslim

Some of the world’s most outstanding individuals in Islamic finance are now being considered for The Royal Award for Islamic Finance. Unlike commercial awards which are deal-based, this Award focuses on an individual’s record of achievement and outstanding contribution towards the advancement of Islamic finance globally. These 30 nominees represent the diversity and global acceptance of Islamic finance – from across all regions of the world, including the Middle East, Europe, South East Asia, Africa and Australia. This pool of influential drivers of global Islamic finance also includes non-Muslims and both genders.

Nominations have come from every sector of the industry including Shariah, academia, industry practitioners, Islamic finance institutions, research institutions, Government agencies and NGOs. Nominees range in age from 40 to over 80 years. This response supports the creation of The Royal Award to serve as a benchmark recognition of the global Islamic finance industry. The Royal Award is spearheaded by the Malaysia International Islamic Financial Centre (MIFC) initiative and supported by Bank Negara Malaysia and Securities Commission Malaysia.

The nominations are being deliberated by an independent international jury, chaired by Musa Hitam a former Malaysian Deputy Prime Minister and Chairman of the World Islamic Economic Forum (WIEF) Foundation. The 7-member jury comprises eminent individuals, Shariah scholars, academicians and Islamic finance practitioners from Asia, Europe, the Middle East and the United States of America.

The result will be announced and the recipient will receive the inaugural Royal Award from His Majesty the Yang di-Pertuan Agong of Malaysia during the Royal Gala Dinner and Award Presentation to be held on 25 October 2010 in Kuala Lumpur.  

The recipient of The Royal Award for Islamic Finance will serve as a role model to inspire others to contribute to the advancement of the industry. For more information on The Royal Award, please visit www.mifc.com/award