30 candidates nominated for Royal Award for Islamic Finance 2018

By NUR HAZIQAH A MALEK

Organisers of the Royal Award for Islamic Finance 2018 have received 53 submissions recommending 30 global candidates, the highest number of nominees since the biennial award was introduced in 2010.

Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC), the co-organisers of the award, said the candidates are geographically diverse and cover a wide spectrum of Islamic finance.

The evaluation of the candidates will be made by a seven-member jury which is headed by World Islamic Economic Forum Foundation chairman Tun Musa Hitam.

“This year sees a particularly exceptional pool of candidates for the jury to consider.

“The pool of candidates is geographically diverse and covers a wide spectrum of stakeholder groups in Islamic finance, including Shariah, academia, market practitioners, research institutions, government agencies and multilateral organisations,” he said in a statement issued by BNM.

“It is this inspiring and exceptional leadership seen from all corners of the world that is key to further advancing the world of Islamic finance forward,” he added.

The Royal Award for Islamic Finance 2018 will be held on Oct 3, 2018, in Kuala lumpur.

Other members of the jury are Malaysia Debt Ventures Bhd chairman Tan Sri Zarinah Anwar, SC’s Shariah Advisory Council member Datuk Ahmad Tajudin Abdul Rahman, Islamic Banker Magazine editor Mushtak Parker, PT Bank Mandiri Shariah president commissioner Dr Mulya Effendi Siregar, Saudi Centre for Commercial Arbitration CEO Dr Hamed Hassan Merah and International Centre of Education in Islamic Finance former adjunct professor Emeritus Prof Rodney Wilson.

Evaluation will be based on a set of criteria which include driving policy development, developing and growing the market, advocating for Islamic finance, pioneering innovation, expanding the frontiers of knowledge, and exercising exceptional leadership and influence.

The award is focused on Islamic finance visionary recognition, whose achievements and innovation contribute to Islamic finance, the global economy and social progress of communities’ growth. The global call for nominations was made in January this year.

Among the past award recipients are International Islamic Liquidity Management Corp former CEO Prof Datuk Dr Rifaat Ahmed Abdel Karim in 2016, Malaysia’s first Islamic bank founding member Datuk Dr Abdul Halim Ismail in 2014, Fajr Capital CEO Iqbal Khan (2012) and Dallah al Baraka Group founder Shaikh Saleh Abdullah Kamel (2010).