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Friday, 25 November 2016

Malaysia will continue spearheading the growth of the world's Islamic finance innovation.

The three winning presentations and Each of the winners would receive RM15,000 prize money.
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Multi Management and Future Solutions Malaysia: Malaysia will keep initiating the development of the world's Islamic fund advancement, particularly on the back of the foundation of the inaugural Islamic Finance InnoFest 2016 (IFInnoFest). The occasion prior today observed presentations from specialists over a wide scope of fragments from capital markets, home financing and monetary innovation (fintech).

The three winning presentations were "A Shariah-based, Socio-financial matters Fintech Solution" and "Value Discovery Mechanism" from International Center for Education in Islamic Finance (INCEIF); and "List Link Sukuk" from Australia-based Deakin University.

Each of the champs would get RM15,000 prize cash.

Talking at the question and answer session, Professor of Finance and seat of back at Deakin University and also the mind behind "File Link Sukuk", Dr Paresh Narayan said that more joint efforts between industry players and analysts are required.

"In this way, the scholarly community and industry have been standing separated and we require a greater amount of these occasions to proceed creative the business," Paresh.

"Along these lines I recognize what Bank Negara and INCIEF are doing in helping the business push ahead."

IFInnoFest 2016 is among the activities led by the Islamic back industry to serve as a stage in invigorating imaginative thoughts in its intend to present the business.

Making its presentation today, the one-day IFInnoFest 2016 was sorted out by INCEIF with the support of Bank Negara Malaysia, Association of Islamic Banking Institutions Malaysia and Malaysian Takaful Association.

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