Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Islamic Finance Should Be Made Easier To Understand - Expert
Last update: 04/10/2017

By Rosemarie Khoo Mohd Sani & Niam Seet Wei

KUALA LUMPUR, Oct 4†(Bernama) -- The world's understanding of Shariah-compliant financial instruments is still low, said Amanie Advisors LLP Dubai Chief Executive Officer, Maya Marissa Malek.

She said that there was a need to educate the†laymen on Islamic†finance†to avoid misunderstanding and†misinformation on its mechanism.

"When we make it too difficult for them to understand, it†will erode their interest (in Islamic finance instruments)," she told Bernama on the sidelines of the 14th Kuala Lumpur Islamic Finance Forum here, today.

Maya Marissa†said there was a difference between Shariah†and conventional investors, as conventional investors looked for†profitability or competitive returns, while†Shariah investors would seek to ensure that the underlying assets were Shariah-compliant.††

She said fund and asset managers†should first outline the†similarities between Shariah and conventional instruments, for example, the risk and pricing aspects.

"Fund and asset managers†also need to look at the different types of industry investments, as they would be the one explaining the†merits to the investors."

"Those with a†good track record†should also introduce Shariah-compliant investment products to conventional investors, thus creating a wider investor†base," she said.

Aside from†making it easier for the people to understand the Islamic financial module, Maya Marissa†also said that†things†such as legal documentation†should also be simplified.

"The Islamic investment instrument should be restructured,†making it easier for conventional and foreign investors to join†in," she added.

-- BERNAMA


 <Back>

BNM, Banks Have Adequate Shariah Experts
RHB Islamic To Provide e-solutions To PBT Pengerang

 
AIBIM Wants Govt To Channel Incentives For SMEs Via Islamic Banks

Takaful Malaysia, AmBank Islamic Ink Bancatakaful Partnership
Motorists Pay Lower Motor Insurance Premium After Liberalisation

 
Life Insurance Companies Announce Flood Relief Measures

MON, DEC 11, 2017
US 4.0850/0880
S'pore 3.0188/0230
100 Yen 3.5941/5976
Sterling 5.4694/4746
Euro 4.8089/8128
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
Yes
 [tally] 15%
No
 [tally] 78%
Not sure
 [tally] 7%
Polls

 
  Main | News | Insurance

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution