Raja Nazrin, who is also the financial ambassador of MIFC
, which is an initiative to position Malaysia as a hub for Islamic finance, and his delegation discussed bilateral issues and investment opportunities in both countries.
initiative comprises a community network of the country's financial and market regulators, including Bank Negara Malaysia (Central Bank of Malaysia), Securities Commission Malaysia, Labuan Financial Services Authority and Bursa Malaysia (Kuala Lumpur Stock Exchange), Government ministries and agencies together with industry participation from the banking, takaful, capital market institutions, human capital development institutions and professional services companies which are participating and working collaboratively in Islamic finance.
At a recent training program on dairy farm management in Indonesia, Moran and Nugraha (unpublished data) developed a spreadsheet (FEEDPROFIT) to calculate the nutrient requirements to achieve target milk yields then, from a local feed database, the cost of a selected ration and the MIFC
The road show was held to promote Malaysia's Islamic finance sector and to pave the way for cross-border collaboration between the MIFC
and stakeholders in Bahrain.
The announcement was part of the on-going liberalisation measures in the capital market as well as being designed to complement the broader MIFC
initiatives of positioning Malaysia as an international Islamic financial centre.
The patrol units would be linked via UHF satellite communications to the MIFC
, which in turn could access the vessel's "master file" (probably at the National Maritime Intelligence Center).
was held last fall in Montreal and was jointly organized by SNC-Lavalin Capital Inc.
A flow of tactical and operational data exists between deployed deepwater elements and MIFCs
, each dependent on the other for force-wide situational awareness to determine if events warrant a response.
noted that infrastructure funding needs in Africa are significant; that recent efforts to tap the Islamic finance market have been met with positive responses may well open the door for more collaborations.
At an earlier session, Russian Finance Minister Alexei Kudrin said Russia is in the early stages of discussions on setting up an international financial centre in Moscow and large foreign companies will start making initial public offerings at MIFC
"within the next three to five years".
The road show delegation, comprising more than 70 members from 45 key organisations in Malaysia, is led by Crown Prince of the State of Perak, Dr Nazrin Shah Ibni Sultan Azlan Shah, who is also the financial ambassador to MIFC
provides an excellent platform to enable us to provide Islamic Investment Banking services to cater to the growing sophistication demanded by top players in the region,' said Al Rajhi Bank Malaysia chief executive Ahmed Rehman.