Shariah Compliance Approval for Asia Plantation Capital

Asia Plantation Capital Berhad announced the achievement of Shariah compliance approval for its items by the IBFIM, formerly referred to as the Islamic Banking and Finance Institute Malaysia, the advisory body for Shariah compliance on all matters pertaining to Islamic banking in Malaysia.

Internationally recognized in the Islamic world as a leader in this field, IBFIM is registered and licensed by the Securities Commission of Malaysia to offer Shariah regulatory structures and advice, and its regulative board is made up from some of the leading banks in Malaysia. IBFIM’s approval hence clears the way for Asia Plantation Capital’s products to be marketed and offered in Malaysia and the global markets as Islamic products that satisfies all requirements as set out under the laws of Islam.

“As part of Asia Plantation Capital’s objective to respect local culture and integrate into the markets we are running in, acquiring this approval for Shariah compliance of our items has been extremely important for us,” said Mr. Steve Watts, CEO, Asia Plantation Capital, and Malaysia. “This gives our consumers 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 responsible and totally in accordance with their beliefs. With increasingly more people in this area and the Middle East wanting to alternative and sustainable financial investments that they can trust and be associated with, this is a strong statement of Asia Plantation Capital’s intent to fulfill their requirements and our commitment to being socially responsible in every market,” continued Mr. Watts.

Asia Plantation Capital’s continued strong growth in Malaysia has also 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. Simultaneous with this visit, Dr. Kodi has also been selected to Asia Plantation Capital’s Global Scientific Advisory Board.

Designated to the Global 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 help in the Professor’s researches into using Agarwood, Oud Oil and specifically in the areas of cancer research study which are already proving highly effective.

“These appointments into our Board-of-Directors and Global Scientific Advisory Board demonstrates our continued belief that Malaysia is and will certainly remain to be an essential market for our company. These specialists in their particular fields will contribute profoundly to our business, research study and ability to operate effectively in Malaysia. I am very much anticipating working carefully with them to attain more for our customers in Malaysia and around the globe,” added Mr. Watts.

Asia Plantation Capital are hosting a series of occasions beginning on the 21st February at The Address Hotel at the Dubai Mall to explain their sustainable Oudh plantations’ and showcase their Oud Oil and products. The Address Hotel is likewise the place where their retail partner Fragrance Du Bois also have a concession in the Casal & Co store.