KUALA LUMPUR, 4 November – The Export-Import Bank of Malaysia Berhad (EXIM Bank) had contributed RM100,000.00 to the International Shari’ah Research Academy for Islamic Finance (ISRA) in support of its initiative to publish a textbook on Islamic Economics.
This publication is expected to provide significant benefits to the Islamic finance industry, particularly in strengthening the knowledge base by providing a source of reference for students, academicians, and industry practitioners. The textbook shall comprise 20 chapters with inputs from academicians and relevant experts in their respective fields. It will also present a combination of thought-provoking case studies, discussion-based questions, and references.
“I would like to congratulate ISRA for continuously fulfilling its role as a knowledge repository body in undertaking this project. I am very confident that the publication of this work would be another prodigious source of information and reference for all who are keen to know and understand Islamic finance,” said EXIM Bank President/Chief Executive Officer, Ms. Norzilah Mohammed.
“EXIM Bank is a Development Financial Institutions that provides cross border financing for Malaysian venturing overseas business. The Bank offers cross-border financing through banking and takaful products , such as overseas project/contract/investment financing, buyer credit, export of services, trade finance, including supplier credit, export credit refinancing, trust receipt, and vendor financing scheme; and guarantee comprising ADB-EXIM trade finance programme bank guarantee, letter of credit, and forward foreign exchange; trade credit takaful and medium long term takaful. Thus, our sponsorship is an extension of our contribution to the Islamic finance industry in the country,” she added.
“Indeed, EXIM Bank financial support is instrumental for ISRA to kick-start its long-awaited project on Islamic economics textbook, which is envisaged to be a comprehensive and main source of reference for the academia, industry practitioners and regulators,” said ISRA’s Executive Director, Prof. Dr. Mohamad Akram Laldin.
ISRA was established to promote applied research in the area of Shariah and Islamic finance. ISRA also acts as a repository of knowledge for Shari’ah views (fatwas) and undertakes studies on contemporary issues in the Islamic finance industry.
This technology will facilitate the growth of the Green Technology Industry and enhance its contribution to the national economy by helping to transform the “Waste to Energy” Industry in Malaysia.
