THE ROYAL AWARD FOR ISLAMIC FINANCE
The Royal Award for Islamic Finance recognises individuals who have excelled in advancing Islamic finance globally through their outstanding contribution and achievement. The Award is unique as it focuses on the individual's personal contribution and its impact towards the development and advancement of Islamic finance, not on commercial achievements.
This Royal Award is jointly organized by the Securities Commission Malaysia and Bank Negara Malaysia, under the Malaysia International Islamic Financial Centre (MIFC) initiative. The Royal Award is given out once every two years, and the inaugural Award was presented in 2010.
The selection of the Award recipient will be made by an international jury, comprising eminent individuals, Shariah scholars, academicians and finance practitioners. The Royal Award comes with a medallion, a certificate of recognition and USD250,000 cash award.
THE ROYAL AWARD FOR ISLAMIC FINANCE LOGO
A diamond shape is commonly used in Arabic calligraphy, to form the main graphic element of the logo.
The five diamonds represent the five pillars of Islam as well as the principles of Islam as well as principles of Islamic finance: good governance, transparency, fairness, faith and risk-sharing.
The five diamonds are laid out to form a circle bringing forth the values of unity and symmetry of Islamic design, creating a balance between the modern and financial world and its ties to Islamic heritage.
THE AWARD – MEDALLION
The Royal Award for Islamic Finance honours the exceptional individual for his outstanding contribution to the advancement of Islamic finance globally.
Made entirely in 916 gold, the medallion is exclusively crafted by Royal Selangor, the renowned Malaysian brand with 125 years of heritage. The intrinsic value has historically been used by early civilizations for trade and commerce.
The obverse of the medallion bears The Royal Award logo while the Malaysia International Islamic Financial Centre (MIFC) initiative and 'Shaping Islamic Finance Together' logos appear on the reverse. The medallion measures 70mm in diameter with a thickness of 2.5mm.
The medallion is kept timeless to symbolize perpetual recognition of the recipients.
THE AWARD - CERTIFICATE OF RECOGNITION
The Certificate of Recognition for The Royal Award for Islamic Finance is made entirely of pewter embellished in 24K gold and encased in a solid merbau wood box.
Exclusively crafted by Royal Selangor, it bears the name of the recipient and the year of the Award as well as the royal endorsement of His Majesty, the King of Malaysia.