Islamic Wealth Management Landscape and Overview of Corporate Waqf By Dr Shamsiah Abdul

24 Pages·2017·2.89 MB·English

Islamic Wealth Management Landscape and
Overview of Corporate Waqf
By
Dr Shamsiah Abdul Karim
SVP Bank Muamalat Malaysia Berhad
LIBFC MASTERCLASS
Islamic Wealth Management
Sime Darby Convention Centre
24TH October 2018
Content
• Islamic Wealth Management Landscape

• Overview of Corporate Waqf
3
Background
ISLAMIC WEALTH MANAGEMENT &
MAQASID SHARIAH
Islamic Wealth Management in its holistic manner entails services which are in line with
the 5 foundational goals of Maqasid al-Shariah which places the importance in preservation
of:
4
Background
MAQASID SHARIAH
Islamic scholars in Islamic finance have attempted to elaborate on the objective of wealth
and financial transactions and a contemporary Islamic scholar (Laidin) postulates 5
objectives which are:
Continuity of Continuity of Achieving Financial Validation of
the the comprehensive transparency financial
circulation of investment of communal ownership
wealth wealth prosperity
5
Background
The GABV journey…
Bank Muamalat Malaysia Bhd joined the Global
Alliance for Banking on Values (GABV) network
as the first Islamic bank in the world in January
2018

Being an Islamic bank, Bank Muamalat carries
greater responsibilities to influence social change
and creating values to the people, over and above
its usual profit oriented banking activities
Islamic Wealth Management Landscape
• As the global Islamic fund and wealth
management sector continued to
experience growth due to the increasing
affluence of Muslim communities who wish
to invest surplus funds in a Shariah-
compliant manner and non-Muslim
investors’ wish to diversify their investment
through Shariah-compliant funds, more
innovative and comprehensive products
and services are being offered. One such
possibility is through Islamic Wealth
Management (IWM).
Islamic Wealth Management Landscape
Islamic Wealth Management Landscape
Islamic Wealth Management Landscape
Gross domestic product (GDP) of the member countries of the Organisation
of Islamic Cooperation (OIC) is forecast to grow by 4.1% on average,
outpacing the world average of 2.6%, while Muslims are projected to
represent 26% of global population in 2030 from 23% in 2016 . It is also
projected that Muslims will represent 27.3% or 1.3 billion population in
Asia-Pacific where, by 2030, the majority of the world’s middle class will be
living in the Asia Pacific region
Islamic Wealth Management Landscape
Malaysia’s operates within a well-established and facilitative regulatory
environment based on principles of securities regulation which are aimed
at ensuring protection of investors, maintaining fair, efficient and
transparent markets, and reducing systemic risks. The regulatory
framework is further complemented by Shariah governance
Establish Malaysia as a
Strengthen Malaysia’s regional centre for
positioning as a global Shariah-compliant
hub for Islamic funds sustainable and
responsible investment
Develop Malaysia as an
international provider
of Islamic wealth
management services