Asia Plantation Capital Berhad revealed the achievement of Shariah compliance approval for its items by the IBFIM, previously called the Islamic Banking and Finance Institute Malaysia, the advisory body for Shariah compliance on all matters concerning Islamic banking in Malaysia.
Globally recognized in the Islamic world as a leader in this field, IBFIM is signed up and licensed by the Securities Commission of Malaysia to offer Shariah regulative structures and recommendations, and its regulative board is made up from a few of the leading banks in Malaysia. IBFIM’s approval therefore clears the way for Asia Plantation Capital’s products to be marketed and offered in Malaysia and the worldwide markets as Islamic items that satisfies all requirements as set out under the laws of Islam.
“As part of Asia Plantation Capital’s objective to regard regional culture and integrate into the marketplaces we are operating in, acquiring this approval for Shariah compliance of our items has been extremely important for us,” stated Mr. Steve Watts, CEO, Asia Plantation Capital, and Malaysia. “This gives our customers right here in Malaysia and from around the Islamic world, confidence that they are not only buying a sound product, however the assurance that it is socially accountable and fully in accordance with their beliefs. With increasingly more people in this area 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 satisfy their needs and our commitment to being socially responsible 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, Senior Vice President (AgBiotech), Malaysian Biotechnology Corporation as a Non-Executive Board Director of Asia Plantation Capital Berhad. Simultaneous with this visit, Dr. Kodi has likewise been designated to Asia Plantation Capital’s Worldwide Scientific Advisory Board.
Appointed to the Global 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 aid in the Professor’s studies into the use of Agarwood, Oud Oil and specifically in the areas of cancer research which are currently showing extremely successful.
“These consultations into our Board-of-Directors and Global Scientific Board of advisers shows our continued belief that Malaysia is and will continue to be a crucial market for our company. These specialists in their particular fields will certainly contribute immensely to our company, research and ability to operate successfully in Malaysia. I am quite anticipating working carefully with them to achieve more for our clients in Malaysia and all over the world,” added Mr. Watts.
Asia Plantation Capital are hosting a series of events starting 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 area where their retail partner Fragrance Du Bois likewise have a concession in the Casal & Co boutique.