the journey of regionalism as represented by the cmim is an ongoing one. today ’ s official opening of amro is an important milestone in that journey that we can all take pride in. on behalf of my colleagues in asean + 3, i would like to congratulate amro and its director, mr wei benhua, on your strong start and wish you every success. let me also extend our warm wishes and full support to mr yoichi nemoto, who will take over from mr wei as amro director later this year. 26. ensuring amro ’ s success is a shared responsibility. let us work together to make amro a strong and credible institution, reputed around the world for its expertise in the economic affairs of our region. 27. thank you. bis central bankers ’ speeches

assistant governor ’ s welcoming remarks at the signing of the first esg islamic repurchasing agreement speaker : encik adnan zaylani mohamad zahid / venue : ibfim kuala lumpur / language : english / speech / interview date : 17 jun 2022 / distinguished guests, ladies and gentlemen. assalamualaikum w. b. t and a very good afternoon. malaysia has been ranked first among 135 countries in the global islamic finance development indicator and first among 81 in the global islamic economy indicator, both for the 9th year running, something we are all proud of. the financial sector blueprint 2022 – 2026 sets out bnm's development priorities for the financial sector over the next five years. one of the thrusts is to “ advance value - based finance through islamic finance leadership ” aimed at spurring growth that is progressive, sustainable and inclusive. this includes strengthening malaysia ’ s proposition as an international gateway for islamic finance, augmenting the malaysia international islamic financial centre ( mifc ) agenda. as part of our effort to raise the bar and catalyse global opportunities, there will be several areas of focus but one that is highly relevant for today is our emphasis and a greater focus on opportunities in sustainable finance. this builds on our pioneering work in vbi, and synergise with our efforts on climate and environmental risks – a key piece of the sustainable finance agenda. the sdgs funding gap of oic countries is estimated around usd 1 trillion a year, hence represents a major opportunity for us. our robust regulatory infrastructure, sound shariah governance framework, wide international connectivity, diversified players and products, elevated by the malaysia international islamic financial centre ( mifc ) agenda, provides a conducive landscape for the islamic financial industry to tap into emerging opportunities in these areas of focus. to underpin this is the development of a vibrant islamic financial market. as part of financial market committee ’ s ( fmc ) effort to further develop the onshore financial markets, we have established two subcommittees : the bond market subcommittee and the islamic financial market subcommittee to formulate specific market development initiatives to take us forward. the creation of these subcommittees underlines the importance of both of these markets in the context of overall development of the domestic financial markets. the islamic financial market subcommittee will review the current landscape to identify and address challenges to the continued growth and development of the islamic financial market, particularly in light of the growing importance of malaysia '