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Value-based finance as catalyst for sustainable growth and development

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, trade, fragmentation and geopolitics, development and emerging economies

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiValue-based finance as catalyst for sustainable growth and development

ContextKeynote address by Abdul Rasheed Ghaffour, Deputy Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Kuala Lumpur Islamic Finance Forum 2023, Kuala Lumpur, 19 September 2023.

Why it mattersThe governor promotes value-based Islamic finance for sustainable growth.

Problems raised
  1. Tighter monetary policy and inflation weigh on the economy.
  2. Global trade is slowing and the tech cycle is weak.
  3. Finance must create a positive impact on people and planet.
Solutions proposed
  1. Promote value-based Islamic finance.
  2. Apply the value-based roadmap for takaful operators.
  3. Develop solutions that support sustainable growth.
Read full speech on bis.org ↗

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