Kuala Lumpur, 8 January 2018
Global nominations call for the Royal Award for Islamic Finance
The Royal Award for Islamic Finance announced a global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations for the fifth recipient of the Royal Award.
The Royal Award, inaugurated in 2010 as a biennial award, is an initiative spearheaded by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) to recognise Islamic finance leaders and visionaries who contribute significantly to the growth of Islamic finance globally and social progress of communities around the world.
An independent seven-member international jury, chaired by Chairman of the World Islamic Economic Forum Foundation, Tun Musa Hitam, will select a deserving individual to be conferred as the next Royal Award recipient. The selection criteria for the Royal Award for Islamic Finance encompass both qualitative and quantitative aspects of an individual’s exceptional contribution towards Islamic finance globally. These include financial innovation and pioneering work, exceptional leadership, adoption and acknowledgement within the industry, and inspiration and influence towards future progress and development of Islamic finance.
The Award recipient serves as a role model to inspire others to contribute to the advancement of the Islamic financial services industry. The most recent recipient of the Royal Award for Islamic Finance in 2016 was Professor Datuk Dr Rifaat Ahmed Abdel Karim, who was instrumental in the establishment of two international standard setting bodies – the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB).
The closing date for nominations is 31 March 2018, and interested persons/parties can submit their nominations online via the website or email their submissions to RAIFSecretariat@seccom.com.my.