MALAYSIAN CENTRAL BANK GOVERNOR HONOURED WITH LIFETIME ACHIEVEMENT AWARD

KUALA LUMPUR, Dec 22 (Bernama) -- Bank Negara Malaysia (central bank) Governor, Dr Zeti Akhtar Aziz, was honoured with the Lifetime Achievement Award on Tuesday at the Annual Islamic Business and Finance Awards held in Dubai.

In her acceptance remarks, she said Islamic Finance is one of the
fastest growing segments in the global financial system.

"The industry remained resilient during the recent global financial
crisis. It has continued to be competitive, providing financial products and
services, to changing requirements of businesses and investors," she added.

She also said, in a now more challenging and competitive environment, the
future of Islamic finance will depend on the innovation capabilities and the
investment in talent development for the industry.

"This agenda will be the key to ensuring its continued growth and
sustainability," Zeti explained.

The text of her acceptance remarks was made avaiable here Wednesday.

"We have come a long way in bringing the industry to where it is today.

"In advancing the industry, it will be these continued collaborative efforts
of the industry and the authorities, that will contribute towards shaping
Islamic finance.

"In so doing, it will also enhance its potential role to contribute to
global growth and financial stability," she highlighted.

The Islamic Business and Finance Awards, now in its fifth year, is
considered one of the most prominent events in the finance industry
throughout the Gulf region.

The annual ceremony is designed to highlight, encourage and reward the
exceptional performance and growth of Islamic business and the finance
community.

The awards are also now widely considered a benchmark of excellence in the
industry.

-- BERNAMA