Asia Plantation Capital Berhad announced the achievement of Shariah compliance approval for its products by the IBFIM, previously known as the Islamic Banking and Finance Institute Malaysia, the advisory body for Shariah compliance on all matters pertaining to Islamic banking in Malaysia.
Worldwide acknowledged in the Islamic world as a leader in this field, IBFIM is registered and accredited by the Securities Commission of Malaysia to provide Shariah regulatory structures and advice, and its regulatory board is comprised from some of the leading banks in Malaysia. IBFIM’s approval thus clears the way for Asia Plantation Capital’s products to be marketed and offered in Malaysia and the global markets as Islamic items that fulfills all requirements as set out under the laws of Islam.
“As part of Asia Plantation Capital’s objective to respect regional culture and incorporate into the markets we are operating in, acquiring this approval of our agroforestry group products has actually been crucial for us,” stated Mr. Steve Watts, CEO, Asia Plantation Capital, and Malaysia. “This provides our consumers right here in Malaysia and from around the Islamic world, confidence that they are not only investing in a sound item, however the assurance that it is socially responsible and fully in accordance with their beliefs. With a growing number of individuals in this region and the Middle East planning to alternative and sustainable investments that they can rely on and be involved in, this is a strong statement of Asia Plantation Capital’s intent to fulfill their requirements and our dedication to being socially accountable in every market,” continued Mr. Watts.
Asia Plantation Capital’s continued strong development in Malaysia has actually also seen the consultation of Dr. Kodi Isparan Kandasamy, Elder Vice President (AgBiotech), Malaysian Biotechnology Corporation as a Non-Executive Board Director of Asia Plantation Capital Berhad. Concurrent with this visit, Dr. Kodi has actually likewise been selected to Asia Plantation Capital’s International Scientific Advisory Board.
Also appointed to the Worldwide Scientific Advisory Board is Partner Teacher Yumi Zuhanis Has-Yun Hashim, FIBMS, and International Islamic University Malaysia. Asia Plantation Capital has signed a Letter of Intent (LOI) with the university to aid in the Teacher’s researches into using Agarwood, Oud Oil and particularly in the locations of cancer research which are already proving highly effective.
“These appointments into our Board-of-Directors and Global Scientific Board of advisers demonstrates our continued belief that Malaysia is and will continue to be a vital market for our company. These experts in their respective fields will contribute immensely to our company, research study and ability to run effectively in Malaysia. I am very much anticipating working closely with them to attain more for our customers in Malaysia and all over the world,” added Mr. Watts.