KUALA LUMPUR, Aug 6 -- The Malaysian Financial Planning Council (MFPC) is keen to increase market-based instruments linked to green, social or sustainable investments to attract investors interest and harness the huge potential of the Socially Responsible Investment (SRI) segment in Malaysia.
President Vincent Kwo said MFPC hoped to achieve the goals by holding its 7th Conference on Islamic Wealth Management and Financial Planning today.
The three-hour virtual conference with the theme of ‘Driving Sustainable & Responsible Investment’ focused on the increased acceptance of SRI.
"This is because of the natural progression of the sukuk market, growing awareness of investors towards ethically and socially responsible investment and stricter capital requirements for the bank finance infrastructural projects were the key reasons MFPC chose this particular theme," Kwo said in a statement today.
He said Malaysian market is considered as the largest SRI market in Asia and the world’s second largest in the Islamic fund market representing about 29 per cent or US$56 billion of global assets.
The conference provided a platform to promote Islamic wealth management and financial planning throughout the community to have a better understanding of the current market situation, especially in Shariah-compliant investments.
Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar, in his keynote address at the conference, said the commission had developed the SRI Roadmap for the Malaysian capital market.
The SRI Roadmap incorporates sustainability not just in the way that companies operate, but also in advisory services and to help the financial planner provide proper advice to clients on their SRI investment selection.
”This shows the SC’s role to facilitate a regulatory framework which will ensure the growth and success of these socially responsible investments," Syed Zaid said.
-- BERNAMA
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