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Opening address - Global Islamic Finance Forum 2025

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

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiOpening address - Global Islamic Finance Forum 2025

ContextOpening address by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Global Islamic Finance Forum (GIFF) 2025 "Bridging tradition and tomorrow - advancing business, empowering communities", Kuala Lumpur, 13 October 2025.

Why it mattersMalaysia's Governor on making Islamic finance less debt-like and more based on risk-sharing.

Problems raised
  1. Financial systems need stability in turbulent times.
  2. Islamic finance relies too much on debt-like products.
  3. Talent for Islamic finance is scarce.
Solutions proposed
  1. Use asset-backed, risk-sharing structures.
  2. Diversify Islamic finance products.
  3. Invest in talent development.
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