of excellence ', by delivering the highest standard in all aspects of business with fair and transparent conduct, strong shariah governance, and equitable practices through the sharing of risk, and balanced wealth circulation. integrating the value of'balanced wealth creation with wealth transfer and circulation'as a business aim can fundamentally drive islamic financial institutions to actively reorientate and facilitate more equitable financial resources allocation for productive and sustainable use. this in turn can boost productive economic activities that support malaysia's transformation towards a high - income nation, reducing economic disparities and fostering intergenerational equity, in line with the vision of " raising the ceiling " and " raising the floor ". the tenet of a'just economy'through balanced wealth circulation is also clearly emphasised in the holy quran, as mentioned in verse 7 from surah al - hasyr that " wealth should not circulate solely among the rich ". full realisation of these values can contribute towards addressing socio - economic imbalances and promote financial stability to catalyse a more sustainable, inclusive and progressive economy. these values are universal and transcend geographical boundaries. at a global level, embracing these values call for collective actions and solidarity in facilitating more 2 / 6 bis - central bankers'speeches balanced development of all economies, particularly the developing and emerging economies among islamic countries, to achieve a just and orderly transition towards sustainable and inclusive growth. these can be in terms of investment in infrastructural development, facilitating trade policies, and encouraging talent or technology exchange. with these in mind, i would like to take this opportunity to share my thoughts on two important foundations for the islamic financial sector to deliver more tangible impact through value - based finance. this is also a call to action for the financial community to take charge with greater leadership in catalysing sustainable growth of our nation and beyond. 1. first is the unlocking impactful innovations for economic and sustainability transformation. 2. second, doubling - down on value - based finance implementation. let me begin with the first foundation on unlocking impactful innovations for economic and sustainability transformation. the space for innovation in islamic finance is vast, and yet, to this day, the full potential of islamic finance has not been fully optimised as a tool for meaningful change to meet the world's financial needs. we have diverse shariah contracts and instruments which can be tailored to engineer solutions that can serve varying needs of different segments of society. in islamic

##demic. our economic growth has been forthcoming. fundamentally, growth is being supported by the diversified economic structure, including in exports markets and products, and favourable labour market conditions that continue to drive consumption as the key engine of growth for malaysia. while this being the case, the impact of the economic rebound from the pandemic remained uneven, with vulnerable groups experiencing slower recovery. the world 1 / 6 bis - central bankers'speeches bank recently highlighted that nearly 70 % of malaysian lower - income households assessed themselves as having inadequate financial resources to meet their monthly basic needs4. it is clear that there are still more that we can and must do to tackle these challenges. this entails prioritising policies to rebuild retirement savings, improve targeting and effectiveness of social programmes, enhance social safety nets, encourage active labour participation and facilitate orderly transition to a greener ecosystem. with the integration of sdgs in malaysia's national development plans and monitoring of its implementation, this brings together our efforts to elevate quality of life, reduce inequalities, promote more inclusive growth and improve the country's global competitiveness. the recently announced'ekonomi madani : memperkasa rakyat'framework crystalises our aspiration and commitment in this endeavour to balance economic growth with sustainable considerations. on the part of the financial sector, new initiatives are also underway to accelerate progress towards sustainable development through the introduction of tools for investors to find sdg - aligned investment opportunities in malaysia and new sustainable finance instruments to raise capital. undoubtedly, the financial sector plays an important role in supporting sustainable economic transformation. delivering change at the speed and scale needed to achieve the sdgs by 2030 demands a reorientation of investment priorities to align with more sustainable and value - based principles. the un conference on trade and development and the imf estimate that a significant funding gap of approximately usd4. 3 trillion in global annual investments are needed to make strides in the sdgs. while this may appear as a staggering figure, this is equivalent to only around 1 % of the usd379 trillion of the total financial assets held by banks, institutional investors and asset managers. the call for islamic finance to shift from'halal'to'tayyib'as one of the key drivers of the economic framework, which aligns closely with the fundamental values of shariah that underpins islamic finance, is thus very timely. shariah values ultimately strive towards ihsan, or'attainment