SC and Oxford co-host global discussion on developing waqf assets through Islamic finance

22 March 2014 | Kuala Lumpur

Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) co-hosted the 5th Roundtable on Islamic Finance in Kuala Lumpur today to discuss the development of Waqf, an Islamic endowment, and how it can contribute towards broadening the Islamic finance industry globally.

Themed Harnessing Waqf Into a Bankable Social Financing and Investment Asset Class, the annual roundtable is attended by leading industry practitioners and scholars from around the world. The two-day roundtable, held from 22 to 23 March, seeks to discuss challenges and potential of waqf in the philanthropic spheres, including issues of legislation, governance and professionalism, and capital.

Waqf has historically been an important instrument for development in Muslim societies and today there is a renewed interest to revive waqf institutions and unleash the potential value of Islamic social assets such as waqf.

The global effort to harness Waqf into a bankable social financing and investment asset class is also in line with SC’s strategy to identify new growth segments to further internationalise Malaysia leading position in Islamic finance industry.

SECURITIES COMMISSION MALAYSIA

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The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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