Announcement by YA Bhg Tun Musa Hitam at The Royal Award For Islamic Finance 2022 Award Ceremony

Opening salutation

Bismillahhirahmanirrahim.

Assalamualaikum Warahmatullahi Wabarakatuh dan Salam Sejahtera.

Menghadap Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Yang Di- Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Ibni Al-Marhum Sultan Haji Ahmad Shah Al- Musta’in Billah.

Menghadap Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah   Iskandariah   Binti Almarhum Almutawakkil Alallah Sultan Iskandar Al-Haj.

Ampun Tuanku

Terlebih Dahulu Patik Ingin Mengambil Kesempatan Ini Untuk Menyembahkan Ucapan Setinggi-Tinggi Junjungan Kasih Kepada Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Tuanku Berdua Bercemar Duli Berangkat Ke Majlis Anugerah Diraja Kewangan Islam Malaysia Yang Cukup Bermakna Pada Hari Ini.

Patik Juga Memohon Perkenan Tuanku Untuk Menyembahkan Ucapan Setinggi- Tinggi Junjungan Kasih Kepada Duli Yang Maha Mulia Paduka Seri Sultan Perak Darul Ridzuan, Sultan Nazrin Muizzuddin Shah Ibni Almarhum Sultan Azlan Muhibbuddin Shah Al-Maghfur- Lah, Penaung Diraja Bagi Inisiatif Kewangan Islam Malaysia, Dan Duli Yang Maha Mulia Raja Permaisuri Perak Darul Ridzuan, Tuanku Zara Salim Kerana Telah Berkenan Bercemar Duli Berangkat Ke Majlis Ini.

Patik Mohon Limpah Perkenan Kebawah Duli Tuanku, Untuk Patik Meneruskan Majlis Dalam Bahasa Inggeris.

Ampun Tuanku.

Yang Berbahagia Tan Sri Nor Shamsiah Binti Mohd Yunus, Governor Bank Negara Malaysia;

Yang Berbahagia Dato’ Seri Dr. Awang Adek Haji Hussin, Chairman Securities Commission Malaysia;

Your Excellencies,

And Distinguished Guests.

I Would Like To Begin With, To Express My

Deepest Gratitude to Bank Negara and the Securities Commission for their initiative and Continuity in Sponsoring The Royal Award For Islamic Finance.

For Islamic Finance to realise its full potential, a key driving force is instilling a forward-looking mindset to spur innovation and push the boundaries, especially within the current fast moving digitalised ecosystem. To unlock this, talent with leadership qualities is essential – which the royal award advocates.

Since its inception in 2010, the award has been conferred to five (5) outstanding leaders and visionaries who have made significant achievements in expanding the frontiers of Islamic finance in the domestic and global financial arena.

As chair of the jury, i must express my utmost appreciation to my fellow jurors and committee members for their dedicated contributions throughout the selection process. I would also like to record my appreciation to every one who is here today, including those from abroad. Your presence makes this Royal Award Ceremony truly memorable.

Ladies and gentlemen.

When the call-for-nomination for the royal award closed on 25th march 2022, we received a record number of nominations with 49 submissions for 37 candidates, from 14 countries across the globe, which in turn demonstrates the wide geographic scope of the candidates.

The jury went through a stringent selection process before arriving at a final decision. High marks were given on innovation and pioneering work, exceptional leadership, and the adoption and acknowledgement of their contributions within the local and global industry.

And needless to say, the jury’s decision was unanimous.

It is my ernest hope that the award recipient would really serve as a role model to inspire and influence others towards future progress and development of Islamic Finance.

With this, it is my great pleasure to announce that the winner of the Royal Award for Islamic Finance 2022 is… Tan Sri Dr. Mohd Daud Bakar.

Tan Sri Dr. Mohd Daud Bakar is a Prominent Shariah Scholar And Islamic Finance Entrepreneur. Globally known for his contributions as Advisor on Shariah, The Tan Sri’s illustrious career encompasses numerous shariah board positions at major international financial institutions, organisations and financial sector regulators. These include Bank of London and middle east, Amundi asset management (France), Morgan Stanley (Dubai), Dow Jones Islamic Market Index (New York) and Sedco Capital (Saudi Arabia).

He was also instrumental in developing the first Shariah standard on gold issued by the accounting and auditing organization for Islamic financial institutions (Aaoifi). He currently serves as the Chairman of The Shariah Advisory Council for Bank Negara Malaysia and The Shariah Advisory Council of Securities Commission Both of Malaysia.

As a former president of International Islamic University Malaysia (IIUM), the Tan Sri is a sought-after speaker at International conferences and on top of all he is an award-winning author of over 40 books.

Among numerous Awards given to him are the “Most Outstanding Individual” By His Majesty, The King of Malaysia, In 2014, In Conjunction with The National- Level Prophet Muhammad’s Birthday; “Award of Excellence For Outstanding Contribution for Shariah Leadership & Advisory” at The 2016 London Sukuk Summit Awards; and “Shariah Adviser Award” at The Asset Triple-A Islamic Finance Award 2016.

Ladies And Gentlemen.

Today’s Award Reaffirms Tan Sri Dr. Mohd Daud Bakar contribution, dedication and leadership in the Development of islamic finance industry. I have no doubt that he will serve as an inspiration for the next generations to come.

Congratulations, Tan Sri Dr. Mohd Daud Bakar!

Ampun Tuanku.

Sekian Sahajalah Persembahan Ucapan Menjunjung Kasih Patik. Sekali Lagi Patik Dengan Penuh Hormat Dan Takzim, Merafak Sembah Menjunjung Kasih Yang Tidak   Terhingga,   Atas   Limpah Perkenan Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Yang Di- Pertuan Agong; Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Raja Permaisuri Agong; Duli Yang Maha Mulia Paduka Seri Sultan Perak Darul Ridzuan Dan Duli Yang Maha Mulia Raja Permaisuri Perak Darul Ridzuan Bercemar Duli Berangkat Ke Majlis Pada Hari Ini.

Sekian, Wabillahitaufik Walhidayah Wassalamualaikum Warahmatullahi Wabarakatuh.

Ampun Tuanku.

Dirgahayu Tuanku.

Daulat Tuanku.

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