Latest from GIFC

Friday, 25 May 2007

Several strategies and initiatives are being lined up to bring Malaysia's Islamic venture capital industry to the international level

Business Times, 25 May 2007
Several strategies and initiatives are being lined up to bring Malaysia's Islamic venture capital (VC) industry to the international level, Securities Commission (SC) chairman Datuk Zarinah Anwar says. She said the Malaysian Venture Capital Development Council which is chaired by the SC hopes to do this by riding on on the country's strength in Islamic finance and capital market."We want to create a competitive advantage through the development of an Islamic VC industry," she said at the International Centre for Education in Islamic Finance Inaugural Intellectual Discourse Series II in Kuala Lumpur yesterday.
Zarinah said Malaysia's strength lies in its established Islamic finance regulatory framework which can accomodate a variety of Islamic structures as well as offer favourable tax treatment.She said Malaysia is committed to developing its Islamic finance and positioning itself as an International Islamic Finance Centre. Zarinah noted that over the next five years, private equity and VC funds are expected to increase their commitment to emerging markets."Asia (excluding Japan, Australia and New Zealand) is expected to be the prime beneficiary since it attracts 70 per cent of private equity and VC investments in emerging markets," she said. She said ultimately, Islamic VC will serve as a valuable asset class for the Islamic finance industry.
Zarinah said currently most Islamic funds are tied to short-term instruments such as Murabahah transactions, or are invested in the public markets and real estate."The introduction of long term investments like Islamic bonds and VC will provide greater opportunities for portfolio diversification and matching of investor needs," she said.

No comments:

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational Alfalah Consulting, KL-Malaysia: www.alfalahconsulting.com

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA

ISLAMIC FINANCE EVENTS KUALA LUMPUR MALAYSIA
Register Online . Register Today

Islamic Financial Planning & Wealth Management by Ahmad Sanusi Husain