00:00 [MUSIC PLAYING]
00:08 Now, the Madani concept introduced by my government
00:12 puts forward an economic framework
00:15 based on six principles--
00:17 sustainability, care and compassion, respect,
00:23 innovation, prosperity, and trust.
00:27 Now, guided by these principles, we
00:30 aim to promote a new method of civilizational development,
00:35 which we refer to very closely with the [INAUDIBLE]
00:41 on that goes beyond mere economic data and statistics
00:46 that do not resonate with the ordinary people.
00:49 Rather, it is a new developmental approach
00:52 that benefits society now and that of the future.
00:57 I invite you now to imagine a future economy, one
01:04 that channels investments towards sustainable
01:07 businesses, prioritizing environmental protection,
01:13 responsible resource management, and renewable energy,
01:17 befitting our duty as stewards or veterans of Allah
01:24 on Earth to maintain the balance, the wasata,
01:29 between nature and manifestation of the faith.
01:35 It is clearly amplified in the Quranic verse,
01:39 [ARABIC]
01:51 Second, an economy that places the people at its center,
01:57 not institutions or instruments or individuals,
02:02 but people that contributes to developing a caring,
02:06 compassionate society, supporting
02:09 comprehensive social safety nets,
02:12 investing in community development,
02:14 and abolishing poverty and gross inequality.
02:21 Third, with a future society where prosperity has meaning
02:25 to the many than the few, where unbridled capitalism yields
02:31 to ethical inclusion, fair opportunities,
02:35 and equitable wealth.
02:38 Fourth, an innovative society developing not just
02:42 new products and technology, but also ideas, solutions,
02:48 and perspectives that challenge the status quo
02:52 and inspire progress.
02:55 And fundamentally, a society built on trust,
03:01 where integrity, transparency, and accountability
03:06 serve as the cornerstone of governance,
03:09 fostering a sense of unity, cohesion,
03:12 and collective responsibility over our shared destiny.
03:18 This is our vision for a sustainable, humane economy
03:23 for Malaysians, for Muslims, and for mankind.
03:28 Academicians must continue to push
03:31 the boundaries of knowledge, align
03:35 the theoretical and ethical dimensions
03:37 of Islamic economics, and develop practical applications
03:41 aligned with these core Madani principles.
03:46 Financial institutions, of course,
03:48 must integrate these principles into core structures
03:53 and decision-making process, and ensure that their products
03:56 are equitable and accessible.
03:59 Now, regulatory bodies must create enabling frameworks
04:02 for innovation, and incentivise and reinforce
04:07 ethical conduct, not mere legalistic compliance.
04:12 This collaboration must be met with an ummat commitment,
04:17 with joint efforts to help realise
04:19 this vision for a better future.
04:23 [INAUDIBLE]
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