useful parallels and lessons that can be drawn for malaysia. cagamas is very pleased to have established a strategic partnership with hkmc in 2007 which will allow us to avail of hkmc ’ s significant expertise to provide the banking industry in malaysia with expanded options for effectively managing mortgage risks. we are encouraged by the strong turnout from among members of the board risk management committees, senior management and risk managers at this event today. your roles are critical in bringing visibility and attention to the key risk issues in mortgage financing within your institutions in order to ensure that the associated risks, both present and foreseeable, are identified and effectively controlled. it is particularly useful to bear in mind that vigilance is needed to be alert to problems that can quickly arise in business segments that may not have presented difficulties in the past. by acting proactively to avoid controllable risks, material future losses can be avoided at far lower costs to banks and the society at large. on that note, i look forward to a fruitful and constructive dialogue. thank you.

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