International Shari'ah Research Academy for Islamic Finance (ISRA)

Bank Negara Malaysia announces today the establishment of International Shariah Research Academy for Islamic Finance (ISRA).

The establishment of ISRA is to promote applied research in the area of Shariah and Islamic finance. It will also act as a repository of knowledge for Shariah views or fatwas and undertake studies on contemporary issues in Islamic financial industry. ISRA will contribute towards strengthening human capital development in the areas of Shariah and provide platform for greater engagement amongst practitioners, scholars, regulators, academicians via research and dialogues, both in the domestic and international environment.

Global Launch of Thomson Reuters Islamic Finance Gateway
by Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia

“A milestone towards a more efficient and internationally integrated global Islamic financial system”

In this more challenging global economic and financial environment, Islamic finance has remained dynamic with a steady pace of innovation and fast growing as its expansion has gained momentum. This has demonstrated not only its viability and resilience but only its ability to meet changing demands and to remain competitive. This decade has also seen the increased internationalisation of Islamic finance as it extends it outreach to serve the global community. The accelerated development of the Islamic financial markets and the supporting international Islamic financial architecture as well as the increased trend towards liberalisation have increased the integration of Islamic finance into the international financial system.