Asia Plantation Capital Berhad revealed the achievement of Shariah compliance approval for its items by the IBFIM, formerly known as the Islamic Banking and Finance Institute Malaysia, the advisory body for Shariah compliance on all matters concerning 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 offer Shariah regulatory structures and advice, and its regulative board is comprised from a few of the leading banks in Malaysia. IBFIM’s approval hence clears the way for Asia Plantation Capital’s items to be marketed and sold in Malaysia and the worldwide markets as Islamic products 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 integrate into the marketplaces we are running in, acquiring this approval for Shariah compliance of our items has actually been very important for us,” said Mr. Steve Watts, CEO, Asia Plantation Capital, and Malaysia. “This offers our clients here in Malaysia and from around the Islamic world, confidence that they are not just purchasing a sound product, but the guarantee that it is socially responsible and fully in accordance with their beliefs. With increasingly more individuals in this region and the Middle East aiming to alternative and sustainable financial investments that they can trust and be involved in, this is a strong statement of Asia Plantation Capital’s intent to fulfill their requirements and our commitment to being socially accountable in every market,” continued Mr. Watts.
Asia Plantation Capital’s continued strong development in Malaysia has likewise seen the appointment 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 consultation, Dr. Kodi has also been selected to Asia Plantation Capital’s Worldwide Scientific Advisory Board.
Also designated to the International Scientific Advisory Board is Partner Professor Yumi Zuhanis Has-Yun Hashim, FIBMS, and International Islamic University Malaysia. Asia Plantation Capital has actually signed a Letter of Intent (LOI) with the university to help in the Professor’s studies into using Agarwood, Oud Oil and specifically in the areas of cancer research which are currently proving highly effective.
“These appointments into our Board-of-Directors and Global Scientific Advisory Board shows our continued belief that Malaysia is and will remain to be a vital market for our business. These specialists in their respective fields will contribute immensely to our business, research study and capability to operate effectively in Malaysia. I am quite looking forward to working carefully with them to accomplish more for our customers in Malaysia and all over the world,” included Mr. Watts.
Asia Plantation Capital are hosting a series of occasions beginning on the 21st February at The Address Hotel at the Dubai Shopping center to explain their sustainable Oudh plantations’ and showcase their Oud Oil and products. The Address Hotel is also the place where their retail partner Fragrance Du Bois likewise have a concession.