halal profits. towards sustainability : the role of islamic finance islamic finance value propositions not only are consistent with universal and ethical values, but the economic aspirations are to elevate our overall well - being. much of today ’ s discussion focus on as sustainable development goals ( sdgs ) and sustainable responsible investments ( sris ) that centre on impact - driven and value - added outcomes, in addition to being commercial2 / 3 bis central bankers'speeches oriented. on this note, malaysia is at the forefront of innovation and thought leadership with the value - based intermediation ( vbi ) initiative that aims to create positive and sustainable impact to the economy, community and environment, without compromising the financial returns to shareholders. our vbi journey has hit several key milestones. to date, 12 islamic banking institutions have pledged to integrate environmental and social considerations in their offerings, practices and cultures. in facilitating this new journey, bank negara malaysia will continue to collaborate with the industry to create an enabling environment for smooth and orderly transition. these include the issuance of several guidance documents such as the vbi implementation guide, vbi scorecard and value - based impact assessment framework ( vbiaf ). more recently, the bank and the vbi community of practitioners ( cop ) have embarked on efforts to develop sectorspecific guides on value - based impact assessment alongside sectoral experts. to start with, the focus of these efforts will be on renewable energy, efficient energy, and primary commodities. this year also witnessed the launch of an islamic index - based investment scheme, which has embedded environmental, social and governance ( esg ) principles, and the launch of working capital financing for women entrepreneurs. in the same vein, the takaful sector is also moving towards integrating vbi elements, with the establishment of the vbi takaful task force by the malaysian takaful association ( mta ) to look into establishing a strategic roadmap on vbi implementation by the takaful industry. success of these initiatives require conviction and commitment by the industry leaders to actively pursue these as an important agenda for islamic finance. therefore it is imperative that the industry leadership to also support this with talent development strategies to equip the islamic financial institutions with the right talent pool. these include re - evaluating and refining the learning and development requirements, anchored at incorporating new learnings and more understanding of businesses that translate into value - added services to clients and addressing gaps in skills and competencies required to

adnan zaylani mohamad zahid : ethics & professionalism - leaders as role models for the next generation of islamic finance professionals speech by mr adnan zaylani mohamad zahid, assistant governor of the central bank of malaysia ( bank negara malaysia ), at the chartered institute of islamic finance professionals ( ciif ) 4th anniversary dinner and conferment ceremony, kuala lumpur, 6 november 2019. * * * i wish to extend my sincerest thanks to the chartered institute of islamic finance professionals ( ciif ) for inviting me here this evening to join the celebrations for the 4th anniversary of the institute as well as the conferment ceremony of the chartered professional in islamic finance ( cpif ) professional designation. i understand that this evening will also see the conferment of the first ever fellows from amongst the existing chartered members of the institute, all of whom have served the islamic finance industry with distinction over the years. the institute ’ s efforts to support the professionalisation of the islamic financial services industry is part of a long journey that we embarked on some time ago, forming a key step towards achieving a vision of an industry that is rich with talent. developing talent development together as an industry recognising that talent development is a long - term endeavour, bank negara malaysia had set out the initial plan in the financial sector blueprint 2011 – 2020 in which several affiliate institutions had been identified as having crucial roles to play in the development of talent for financial services industry as a whole. on islamic finance, institutions such as islamic banking & finance institute malaysia ( ibfim ), association of shariah advisors in islamic finance ( asas ), international centre for education in islamic finance ( inceif ) and international shari ’ ah research academy for islamic finance ( isra ) were amongst the key affiliates that were given specific mandates for education and training. similarly, the chartered institute of islamic finance professionals ( ciif ), then known as the association of chartered islamic finance professionals ( acifp ), was identified as the key institution to develop professional standards and set the professional qualifications for the industry. the institute, now entering its 5th year of establishment, is recognised as the industry ’ s own professional body through the islamic finance profession charter, and as such is strategically positioned as the platform for the development of ethically driven talent imbued with professional integrity. with the industry leadership on board as ciif ’ s members, the professional body is expected to continue its