Finance › Speeches › Abdul Rasheed Ghaffour

Optimizing impact from Islamic social finance for poverty alleviation - models and way forward

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

Summary written by Dark Majestic in its own words · topics: development and emerging economies

AR
· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiOptimizing impact from Islamic social finance for poverty alleviation - models and way forward

ContextSpecial remarks by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the World Bank-International Center for Education in Islamic Finance (INCEIF) High-Level Roundtable Discussion, Kuala Lumpur, 4 May 2026.

Why it mattersA niche but telling case for using Islamic social finance to reduce poverty.

Problems raised
  1. Poverty challenges have become more complex.
  2. Islamic social finance is not used to its full potential.
  3. Public confidence in these systems must be earned.
Solutions proposed
  1. Coordinate government, academia and industry.
  2. Measure success by visible outcomes.
  3. Identify practical steps to strengthen Islamic social finance.
Read full speech on bis.org ↗

More from Abdul Rasheed Ghaffour · Bank Negara Malaysia · all speeches

More speeches by Abdul Rasheed Ghaffour

Other leaders on development and emerging economies