Latest news with #Fadzlan
Borneo Post
2 days ago
- Borneo Post
High Court upholds 7-year sentence for man convicted of drug use
Judge Wong emphasised that mental illness does not automatically render someone unfit to plead, and Fadzlan's conduct during proceedings showed he understood the case. – Stock photo SIBU (Aug 15): The High Court here today dismissed Mohamad Fadzlan Shaini's appeal against his conviction and sentence for consuming dangerous drugs. Fadzlan was sentenced by the Kapit Sessions Court on Nov 14 last year to seven years' imprisonment and three strokes of the cane after pleading guilty to consuming amphetamine and methamphetamine under Section 15(1)(a) of the Dangerous Drugs Act (DDA) 1952, with sentencing under Section 39C(2) of the Act. In rejecting the appeal, High Court Judge Wong Siong Tung said the Sessions Court had complied with procedural requirements, including explaining the charge and its consequences to the appellant in Bahasa Malaysia, and found no evidence to challenge the legality of the proceedings. Regarding Fadzlan's mental health, the court noted that the medical report presented was neither submitted to the Sessions Court nor conclusive about his fitness to plead. Judge Wong emphasised that mental illness does not automatically render someone unfit to plead, and Fadzlan's conduct during proceedings showed he understood the case. The court also found no evidence that a police officer had influenced Fadzlan's guilty plea. Affidavits submitted failed to show any direct communication between the officer and the appellant. Judge Wong concluded that the appellant's grounds were inconsistent and lacked credibility, upholding the conviction and sentence. Fadzlan, who had a previous drug offence, was represented by lawyer Harold Emparak, while Deputy Public Prosecutor Mark Kenneth Netto represented the prosecution. appeal dismiss drugs jail Kapit Sibu
New Straits Times
05-06-2025
- Business
- New Straits Times
MIDF leveraging Islamic finance to drive industrial transformation
KUALA LUMPUR: The Malaysian Industrial Development Finance Bhd (MIDF) is leveraging Islamic finance to accelerate the country's industrial transformation, particularly in high-growth sectors such as advanced manufacturing, green technology, the digital economy, and halal industries. Its vice president and head of marketing and business advisory, Fadzlan Abu Bakar said Islamic finance serves as a strategic enabler to support Malaysia's developmental goals under the New Industrial Master Plan (NIMP) 2030. "We view Islamic finance not only as a funding tool but as a catalyst that supports ethical, inclusive, and sustainable industrial growth," he said in a statement. As a financial services provider, MIDF offers Shariah-compliant financing solutions that promote interest-free funding and equitable risk-sharing, benefitting especially small and medium enterprises (SMEs) seeking to scale operations and adopt new technologies. Among its flagship programmes is the Halal Accreditation and Technology Improvement (HATI) scheme, which addresses two key challenges faced by SMEs — halal certification and technological enhancement. "Through an RM100 million fund allocation, the scheme assists SMEs in sectors such as food and beverages, cosmetics, logistics, and pharmaceuticals in obtaining halal certification while upgrading their technological capabilities," it said. It noted that this initiative was carried out in collaboration with the Halal Development Corporation (HDC), Department of Islamic Development Malaysia (JAKIM), and other strategic partners. MIDF also plans to roll out more Shariah-compliant financing instruments over the next three to five years, tailored to SMEs and mid-sized firms while accelerating the digitalisation of Islamic finance delivery through fintech platforms. To this end, Fadzlan said MIDF is working on expanding equity-based instruments like Musharakah and Mudarabah, and exploring peer-to-peer Islamic financing and blockchain-based platforms to improve transparency and accessibility. It also aims to integrate environmental, social and governance (ESG) elements into its Islamic finance framework to ensure alignment with Malaysia's sustainability agenda. MIDF currently manages several ESG-focused government funds, including the Sustainable and Green Biz Financing and the Sustainable Mobility Biz Financing schemes. "These initiatives support Malaysian businesses in adopting cleaner technologies, improving energy efficiency, and contributing to the growth of the electric vehicle ecosystem. "MIDF will continue to align its financing mandates with key national policies such as the National Energy Transition Roadmap and the 12th Malaysia Plan to advance the country's low-carbon transition and promote an inclusive, sustainable industrial ecosystem," it added. Meanwhile, in conjunction with Expo 2025 Osaka, MIDF hosted a forum titled "The Benefits of Islamic Finance in Supporting a Resilient Global Economy" at the Business Hall of the Malaysia Pavilion. The forum provided an insight on Islamic finance's contribution in fostering a more resilient and inclusive global financial system, at the same time reinforcing Malaysia's position as a thought leader in Islamic finance and sustainable investment.
Barnama
05-06-2025
- Business
- Barnama
MIDF Leveraging Islamic Finance To Drive Industrial Transformation
BUSINESS KUALA LUMPUR, June 4 (Bernama) -- The Malaysian Industrial Development Finance Bhd (MIDF) is leveraging Islamic finance to accelerate the country's industrial transformation, particularly in high-growth sectors such as advanced manufacturing, green technology, the digital economy, and halal industries. Its vice president and head of marketing and business advisory, Fadzlan Abu Bakar said Islamic finance serves as a strategic enabler to support Malaysia's developmental goals under the New Industrial Master Plan (NIMP) 2030. 'We view Islamic finance not only as a funding tool but as a catalyst that supports ethical, inclusive, and sustainable industrial growth,' he said in a statement. As a financial services provider, MIDF offers Shariah-compliant financing solutions that promote interest-free funding and equitable risk-sharing, benefitting especially small and medium enterprises (SMEs) seeking to scale operations and adopt new technologies. Among its flagship programmes is the Halal Accreditation and Technology Improvement (HATI) scheme, which addresses two key challenges faced by SMEs — halal certification and technological enhancement. "Through an RM100 million fund allocation, the scheme assists SMEs in sectors such as food and beverages, cosmetics, logistics, and pharmaceuticals in obtaining halal certification while upgrading their technological capabilities," it said. It noted that this initiative was carried out in collaboration with the Halal Development Corporation (HDC), Department of Islamic Development Malaysia (JAKIM), and other strategic partners. MIDF also plans to roll out more Shariah-compliant financing instruments over the next three to five years, tailored to SMEs and mid-sized firms while accelerating the digitalisation of Islamic finance delivery through fintech platforms. To this end, Fadzlan said MIDF is working on expanding equity-based instruments like Musharakah and Mudarabah, and exploring peer-to-peer Islamic financing and blockchain-based platforms to improve transparency and accessibility.
