VBI set to be among drivers for Islamic finance


Penang Chief Minister Chow Kon Yeow (third, right) and Assistant Governor Bank Negara Adnan Zaylani Mohamad Zahid (right) visit the exhibition during the Islamic Finance Rendezvous Series (IFRS)

PETALING JAYA: Value-based intermediation (VBI), which focuses on creating value and impact, is set to be one of the drivers for Islamic financial institutions, Bank Negara Malaysia assistant governor Adnan Zaylani Mohamad Zahid says.

He said the Islamic financial system promotes VBI where Islamic financial institutions are encouraged to adopt more structured frameworks to assess how they create value and impact, particularly in response to changing economic, social and environmental conditions.

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