Kuala Lumpur, May 9 – Islamic finance can play a greater role in infrastructure financing via Public Private Partnerships (PPP) to facilitate more sustainable developments, said Securities Commission Malaysia (SC) and World Bank Group at a joint conference held at the SC\u2019s headquarters at Kuala Lumpur yesterday.<\/p>\n
Themed \u201cIslamic Finance and Public-Private Partnerships for Infrastructure Development\u201d, the SC-World Bank Group Conference brought together development practitioners, policy makers, regulators, as well as stakeholders involved in Islamic finance and infrastructure to discuss policy, regulatory and institutional interventions that can offer solutions for global infrastructure development needs.\u00a0<\/p>\n
According to a World Bank study, annual global infrastructure investments are estimated in the region of US$2.65 to US$3.7 trillion with Emerging Markets and Developing Economies (EMDE) facing an annual infrastructure investment gap of US$452 billion.<\/p>\n
The conference also featured the sharing of Malaysia\u2019s extensive experience in using Islamic financial instruments to support infrastructure development as data shows that 61% of the world\u2019s infrastructure sukuk was issued out of Malaysia while the Global Infrastructure Investment Index 2016 ranks Malaysia as the second most attractive destination for infrastructure investment in Asia, and fifth in the world.\u00a0<\/p>\n
\u201cA critical imperative for infrastructure financing is to successfully bridge the gap between the demand for capital and the supply of it. The Securities Commission Malaysia has long recognized the promising potential of the Islamic capital market as an alternative avenue for large-scale long-term fundraising. In this regard, Sukuk, given their asset-based and risk-sharing nature, are particularly apt for infrastructure financing,\u201d said Tan Sri Ranjit Ajit Singh, Chairman of the SC.<\/p>\n
\u201cAt the World Bank Group, we strongly believe that Islamic finance has an important role to play in addressing the development challenges facing our client countries. The World Bank Group\u2019s involvement in Islamic finance is directly linked to our objectives of reducing poverty, promoting financial sector development, broadening financial inclusion, and building financial sector stability and resilience in client countries,\u201d said Laurence Carter, Senior Director, Infrastructure, Guarantees and Public-Private Partnerships, World Bank Group.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, May 9 – Islamic finance can play a greater role in infrastructure financing via Public Private Partnerships (PPP) to facilitate more sustainable developments, said Securities Commission Malaysia (SC) and World Bank Group at a joint conference held at the SC\u2019s headquarters at Kuala Lumpur yesterday. Themed \u201cIslamic Finance and Public-Private Partnerships for Infrastructure […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-470","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=470"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/470\/revisions"}],"predecessor-version":[{"id":5613,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/470\/revisions\/5613"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}