Change is the only constant

Late post: Jason Ang Kok Khiong won himself a Samsung Galaxy S6 Edge. It was part of the “Register Your Interest” Raffle Draw organised by T.C.Y. Motors Sdn Bhd in conjunction with the launch of the SsangYong Tivoli. Jason received the prize from Anisson, T.C.Y. Motors Motor Marketing Manager.

Check out the latest SsangYong Tivoli. Click image to enter website.

BIBD recently participated in the 9th Muzakarah Cendekiawan Syariah Nusantara on the 10th and 11th of June at the Hotel Millennium, Jakarta. The dialogue’s organiser, The International Sharia Research Academy for Islamic Finance has chosen to partner with Universiti Islam Negeri Syarif Hidayatullah to bring the theme, “Innovative Contemporary Islamic Financial Products for the Development of the Social-Economy of Muslims”. The discussions were focused on current financial issues pertaining to “Refinancing and Restructuring” and “Applications of Hajah (needs) in Innovative Products.”

BIBD Shariah Advisory Body member and Director of the Mazhab Shafi’i Research Centre at the Universiti Sultan Sharif Ali (UNISSA), Dr Abdul Nasir bin Haji Abdul Rani was involved in the first discussion regarding the concept of Hajah and its applications in Islamic finance.

On the second day, BIBD Product Manager Hjh Adinah binti Hj Jamudin was involved in the discussions on the applications of Shariah-compliant concepts in developing and offering products that will assist in generating socio-economic benefits to the Muslim community, especially the non-bankable segment. These products can be materialised by strengthening corporation between Islamic financial institutions and social finance institutions to utilise Wakaf, Zakat, Islamic wealth management, micro-finance and micro-Takaful. They also discussed equity-based financing products such as Musyarakah that can be applied in Islamic wealth management where both parties can benefit from a financial partnership.

BIBD Shariah Advisory Body Chairman and Deputy State Mufti, Yang Dimuliakan Pehin Orang Kaya Paduka Setia Raja Dato Paduka Seri Setia Awang Haji Suhaili bin Haji Mohiddin (3rd from left), BIBD Shariah Advisory Body member and Director of the Mazhab Shafi’i Research Centre at the Universiti Sultan Sharif Ali (UNISSA), Dr Abdul Nasir bin Haji Abdul Rani (4th from left) and other members from the Shariah body of BIBD. Image courtesy of BIBD.

The main objectives of the dialogue were to create general understanding between Shariah scholars in the region through academic discussions on multiple issues related to Islamic finance. The dialogue also serves as a regional platform for scholars, academics and practitioners of Islamic finance to share ideas, knowledge and experiences, and to share latest developments in the Islamic finance industry.

Also part of the BIBD representatives were BIBD Shariah Advisory Body Chairman and Deputy State Mufti, Yang Dimuliakan Pehin Orang Kaya Paduka Setia Raja Dato Paduka Seri Setia Awang Haji Suhaili bin Haji Mohiddin, along with its member, Yang Mulia Dr Awang Haji Mazanan bin Haji Yusof, Head of Research, State Mufti Department. BIBD was also represented by Head of its Shariah Department, Yang Mulia Dayang Hajah Hanifah binti Haji Jenan along with Shariah Assistant Manager, Muhammad Takzimallah bin Haji Ahmad Sanuddin.

The two-day event was launched by Deputy Governor of Bank Negara Malaysia. The event was attended by around a hundred delegations ranging from scholars, academics and practitioners from Islamic financial institutions, from member ASEAN countries.

 

Izam Said, editor of CONFEX, during the press conference last Friday

Having another magazine in Brunei means there are things to showcase to the eyes of the public. I know Izam Said for quite some time and he is passionate about one thing – cars, cars and cars. He used to be feature writer on the automative section (On The Road) of The Brunei Times and I’ve always love his insights and opinions on the cars he test drove. Now it’s good to know he is venturing into something that he is passionate about and everyone has a story to share just like Izam.

Last week, I had the privilege to be invited to a press conference held at CONFEX. For your info, CONFEX is a local events management company which has run a series of team building workshops and only recently I found out that Izam Said is the editor of CONFEX. Under CONFEX, the team will be launching a new magazine on automotive which will be another platform for car enthusiasts to learn more about the cars especially in the Brunei market.

This will be the first of its kind that features an 80-paged automative magazine for the benefit of the readers. This is another avenue for car dealers or distributors to showcase their cars and even anything related to cars on Motoring BN.

Izam Said is confident that the magazine will be a success and despite the shift of information world through technology, he believes that having something “tangible” like a magazine is still trend. I do agree with him on that since I also collect and buy computer, film and wrestling magazines due to the tangibility factor.

For your info, every quarter, Motoring BN will print 15,000 copies and it will be sold on news stand at a price of BND 6.80. The pre-order subscriptions have been overwhelming for the first issue and he hopes there will be enough for the 1st edition to be sold in local book stores.

So what can you expect from Motoring BN magazine? They have a mixture of local and foreign writers who will contribute to the magazine. One segment that will catch the interest of the ladies will be “Heels on Wheels” by Tracy Ramantan.

The magazine is said to be launched sometime in July. I can’t wait to see what’s in store for the magazine and I believe Izam Said is the right man to lead the show. I’m proud that he has taken a new adventure on his passion to another new level. Keep it up, buddy!!

For those who are interested to advertise for the next issue, you can contact 8282 212. For those who want to subscribe, you can click here for the pre-orders. You can also follow them on IG @motoringbn

Waleed Pehin Dato Mahdini, Izam Said and Tracy Ramantan

This will be the cover of the first edition of Motoring BN