we hold all our financial institutions to in terms of compliance with aml / cft / cpf requirements as set out under our laws, which are in line with international standards. ladies and gentlemen, combating ml / tf / pf risks is a continuous endeavour where challenges are constantly growing and evolving. even as we continue to make strides in improving our approaches and systems in addressing these risks, there is always the need to ensure that we keep an eye on the horizon, particularly in terms of ensuring that all agencies continue to have the necessary resources, skills and tools to effectively adapt to the emerging risks that lie ahead and the capabilities they would demand of us. in conclusion, i would like to stress that our ultimate and consistent goal is to ensure a strong, robust and effective aml / cft / cpf regime that will address financial crimes and preserve the integrity of our financial system. in this sense, the me is not a final destination. rather, it is an opportunity for us to take stock and demonstrate key progress that has been made in addressing these risks. i trust that the diligent and thorough preparations by all parties, including in executing our key recommended actions effectively, will be reflected in the me's outcomes. on that note, i wish all of you an insightful and productive exchange in the rest of today's sessions. thank you. 4 / 4 bis - central bankers'speeches

abdul rasheed ghaffour : revitalising the economy via islamic finance speech by mr abdul rasheed ghaffour, governor of the central bank of malaysia ( bank negara malaysia ), at the 19th kuala lumpur islamic finance forum 2024, kuala lumpur, 5 november 2024. * * * it is an honour for me to be here at the 19th kuala lumpur islamic finance forum. for over nearly two decades, kliff has been a mainstay in the annual calendar of events surfacing global islamic finance perspectives, which resonate with contemporary developments. this year's forum, with the theme'revitalising the economy via islamic finance ', again - fosters dialogue and collaboration among stakeholders - to cultivate ideas and address the challenges of our time. islamic finance to elevate its role and impact in revitalising the economy allow me to begin by drawing some reflections and lessons from our rich islamic history. right from the start, the principles of ethical trade and equitable wealth distribution - have always been foundational in islamic society. back then, when slavery was prevalent, islam called for the move away from involuntary and slave labour - to be in favour of productive labour. as reported by abdullah ibn umar, prophet muhammad exhorted his people to - " pay the worker's wages, before his sweat gets dried " 1. such a progressive move was not only virtuous, but also a significant labour market reform. in fact, we see in the history of islam, many important developments - which led not only to the boosting of productivity, but also the emergence of innovative business techniques - laying the foundations for the modern economic system we have today. these include limited partnerships or mudarabah, the earliest forms of credit ( qard ), as well as the practice of mutual aid and cooperation - through zakat and waqf that enable resources to be redistributed and utilised, for the common good. these advancements strengthened social welfare - and in turn - encouraged cooperative enterprises and community - driven initiatives fast forward to today, i believe that the islamic financial sector, must carry on this tradition of courage and ingenuity - by continuing to challenge the status quo and to unlock next - level frontiers in financial practices and offerings - while remaining anchored on our fundamental values. to follow in the footsteps of our forefathers - in pushing the envelope in bringing about change, as we work to build and develop a more inclusive and