Page 191 - Official Year Book 2020
P. 191
aysia’s first digital sukuk, the exchange views on regional economic OFFICIAL YEAR BOOK 202 1870
RM500 million Sukuk Prihatin may and financial development, as well as
be subscribed to with a minimum national and regional socio-economic
investment of RM500, with no priorities. The meeting, which was
maximum limit. Sukuk Prihatin is a organised for the very first time in a
syariah-compliant instrument based virtual format provided a platform for
on the principle of Tawarruq via the sharing and exchanging ideas on fiscal
Commodity Murabahah arrangement and monetary interventions to mitigate
and is open to Malaysian citizens aged the economic impact of the COVID-19
18 years and above. pandemic, as well as to build a more
resilient economy.
It was issued following requests
from various quarters to contribute The joint ministerial statement
towards the country’s economic provides an insight into how APEC
recovery efforts. It may be fully collectively responded to the COVID-19
subscribed digitally through JomPAY pandemic through fiscal and monetary
dan DuitNow. The sukuk will be measures aimed at supporting the lives
channelled to Kumpulan Wang and livelihood of the people as well as
COVID-19 to finance programmes that businesses in the APEC economies.
benefit those affected by COVID-19,
including improving connectivity for APEC also recognises the critical role
rural schools, financing micro SMEs of digitalisation in ensuring financial
especially women entrepreneurs, and integration and inclusion, as well as
supporting grants for research into the need for financial preparedness
infectious diseases. via disaster risk financing and
insurance. New Zealand has been
ASIA PACIFIC ECONOMIC welcomed as the next host of APEC
COOPERATION (APEC) Finance Ministers’ Process 2021.
VIRTUAL FINANCE As the outgoing host, Malaysia is
MINISTERS’ MEETING
(AVFMM) 2020 A PLATFORM Asia Pacific Economic Cooperation (APEC) virtual
TO SUPPORT ECONOMIES IN Finance Ministers’ Meeting (AVFMM) 2020 chaired
MANAGING COVID-19 by Finance Minister, YB Senator Tengku Datuk Seri
Utama Zafrul bin Tengku Abdul Aziz.
The theme of AVFMM hosted by
Malaysia – Optimising Human Potential
towards a Resilient Future of Shared
Prosperity: Pivot, Priorities, Progress
– indicated the importance of a shared
sense of responsibility.
The APEC Finance Ministers’ Process
is an excellent platform to discuss and
RM500 million Sukuk Prihatin may and financial development, as well as
be subscribed to with a minimum national and regional socio-economic
investment of RM500, with no priorities. The meeting, which was
maximum limit. Sukuk Prihatin is a organised for the very first time in a
syariah-compliant instrument based virtual format provided a platform for
on the principle of Tawarruq via the sharing and exchanging ideas on fiscal
Commodity Murabahah arrangement and monetary interventions to mitigate
and is open to Malaysian citizens aged the economic impact of the COVID-19
18 years and above. pandemic, as well as to build a more
resilient economy.
It was issued following requests
from various quarters to contribute The joint ministerial statement
towards the country’s economic provides an insight into how APEC
recovery efforts. It may be fully collectively responded to the COVID-19
subscribed digitally through JomPAY pandemic through fiscal and monetary
dan DuitNow. The sukuk will be measures aimed at supporting the lives
channelled to Kumpulan Wang and livelihood of the people as well as
COVID-19 to finance programmes that businesses in the APEC economies.
benefit those affected by COVID-19,
including improving connectivity for APEC also recognises the critical role
rural schools, financing micro SMEs of digitalisation in ensuring financial
especially women entrepreneurs, and integration and inclusion, as well as
supporting grants for research into the need for financial preparedness
infectious diseases. via disaster risk financing and
insurance. New Zealand has been
ASIA PACIFIC ECONOMIC welcomed as the next host of APEC
COOPERATION (APEC) Finance Ministers’ Process 2021.
VIRTUAL FINANCE As the outgoing host, Malaysia is
MINISTERS’ MEETING
(AVFMM) 2020 A PLATFORM Asia Pacific Economic Cooperation (APEC) virtual
TO SUPPORT ECONOMIES IN Finance Ministers’ Meeting (AVFMM) 2020 chaired
MANAGING COVID-19 by Finance Minister, YB Senator Tengku Datuk Seri
Utama Zafrul bin Tengku Abdul Aziz.
The theme of AVFMM hosted by
Malaysia – Optimising Human Potential
towards a Resilient Future of Shared
Prosperity: Pivot, Priorities, Progress
– indicated the importance of a shared
sense of responsibility.
The APEC Finance Ministers’ Process
is an excellent platform to discuss and
