Sukuk industry players are urged to pay special attention to the power of smart technology to transform the industry to become a more transparent and better regulated industry, as well as to harvest low-hanging fruits by leveraging on this new and inspiring technology.

Deputy Finance Minister Datuk Ir Haji Amiruddin Hamzah says the coming of the 4th Industrial Revolution will shape the way we used to do things in the past. The influence of smart technology, from Internet of Things (IoT) to big data analytics and artificial intelligence will leave its fingerprint in most, if not all sectors of life.

In a complex and ever-changing landscape of the current Islamic capital markets, there is a need for a gathering of experts to understand and formulate innovative approaches to discover the potential and future of the most important Islamic capital market instrument: sukuk.

Sukuk, also known as an Islamic bond, is the most important and widely used Islamic financial instrument around the world. In recent years, sukuk has been used as an alternative to conventional bonds because of its flexibility and security it provides to both investors and issuers.

CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and residential properties certified under the Green Building Index (“GBI”). 

The move marks another significant step towards the CIMB Group’s (“the Group”) embracing of Environmental, Social and Governance (“ESG”) principles Group-wide.