The IFN Asia Forum is the region’s largest Islamic finance gathering. An annual ‘must attend’ business event for Islamic finance professionals from around the world, IFN Asia is a confluence of the brightest and most influential personalities of the industry, bringing quality and relevant discussions to the stage and invaluable networking opportunities.
Asia is recognized by the world as the bastion of Islamic finance housing the world’s most populous Muslim nation and largest Islamic finance market. With the support of regulators and multilateral Islamic finance organizations IFN Asia Forum 2021 will take place at the heart of Islamic finance in the region, Kuala Lumpur.
As the center of Islamic capital-raising activities by volume and its diversity of instruments and issuers, the Forum will embody themes exploring Shariah financing through the banking and capital markets from both the perspectives of issuers and facilitators.
STRATEGIC EXCHANGE PARTNER
IN SUPPORT OF
MULTILATERAL STRATEGIC PARTNERS
Adnan Zaylani Mohamad Zahid, Assistant Governor, Bank Negara Malaysia
The Islamic Economy: Improving Livelihoods and Creating Prosperity
With Southeast Asian nations looking to kickstart economic recovery through commercial activity and stimulus, it is time for the Islamic economy, and all its components, to show its true mettle. Have we truly grasped the importance of the Halal economy to the prosperity of regional economies, as well as to the continued growth of Islamic financial institutions? What role will Southeast Asian Islamic financial institutions play in meeting the challenges of the real economy through mobilizing the funding and liquidity support necessary to stimulate the vital SME and corporate sector? Through socially impactful strategies, how can Islamic financial institutions inspire and support entrepreneurship, thereby creating jobs and improving livelihoods? How can successful initiatives such as Values-Based Intermediation (VBI) be harmonised with social impact finance in Malaysia and beyond, and is Islamic finance in the region presented with a unique opportunity to further incorporate risk-sharing characteristics into social financing activities and product offerings? We seek the views of a distinguished panel.
Ahmad Shahriman Mohd Shariff, CEO, Group Islamic Banking, CIMB Islamic Bank
Professor Azmi Omar, President and CEO, International Centre for Education in Islamic Finance (INCEIF)
Diana Sabrain, CEO/Co-Founder, OneAgrix
Professor Dr M. Kabir Hassan, Professor of Finance, Department of Economics and Finance, University of New Orleans
Leong See Meng, Senior Vice-President, Strategy and Business, Cagamas
Noraizat Shik Ahmad, Deputy Director, Islamic Capital Market Development, Securities Commission Malaysia
Muhamad Umar Swift, CEO, Bursa Malaysia
Operational Issues Facing Islamic Financial Institutions in Southeast Asia
Through a respected panel we address two current, important operational issues affecting Islamic financial institutions and financial products. Firstly, we discuss reform of global benchmarks, the transition to risk-free rates and the implications for Islamic financial products. Secondly, we examine the development of liquidity management tools, including repurchase agreements and their Shariah compliant equivalents, and how they offer value to regional Islamic financial institutions.
Prof Dr Obiyathullah Ismath Bacha, International Centre for Education in Islamic Finance (INCEIF)
Angus Salim Amran, Group Treasurer, RHB Banking Group
Elias Moubarak, Partner, Trowers & Hamlins
Dr Mohamad Zabidi Ahmad, Senior Strategic Advisor, DDCAP
Professor Dr Nurdianawati Irwani Abdullah, Department of Finance, Kuliyyah of Economics and Management Sciences (KENMS), International Islamic University Malaysia (IIUM)
Rizwan Malik, Head – Standards Implementation and Strategic Developments, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
Funding Opportunities and Growth: Southeast Asian Islamic Corporate Finance and Capital Markets
What do Southeast Asian Islamic credit markets look like in the coming 12 months, and what are the options for potential corporate, sovereign and supranational issuers? What are investors demanding in terms of pricing, tenor, rating, structure as well as other factors such as ESG? What do the major Southeast Asia centers offer as listing destinations for Sukuk issuance, as well as other products such as investment trusts and ETFs? How can Shariah compliant instruments, including Sukuk, be further applied to the funding of alternative asset classes in the region? How significant are recent dollar-denominated green and sustainability-linked sovereign Sukuk? How is technology such as blockchain shaping and influencing Islamic corporate finance and capital markets, considering notable recent innovations by GCC Islamic banks? Finally, how can global and regional regulation and standards applicable to the issue of Shariah compliant financing products, be more effectively aligned for the good of the market?
Vineeta Tan, Managing Editor, Islamic Finance news
Bilal Parvaiz, Executive Director, Islamic Business and Head Products, Standard Chartered Saadiq
Delvin Chong, Senior Vice-President, Treasury and Markets, Cagamas
Mohsin Shaik Bin Sehu Mohamed, Senior Executive Manager and Head of Investment Banking & Capital Market, Maisarah Islamic Banking Services
Nishad Majmudar, Assistant Vice President – Analyst, Sovereign Risk Group, Moody’s Investor Service
The Evolution of Southeast Asian Islamic Financial Technology
The IFN FinTech Landscape identifies 65 Shariah compliant fintech providers in Southeast Asia, making the region an important Islamic fintech centre. How do we assess the rapid evolution of Shariah compliant fintech in Southeast Asia and what is the value proposition, market positioning and comparative advantage of our Islamic fintech offerings? With five digital bank licenses available in Malaysia, and with the digital banking sector in Malaysia about to experience a tectonic shift, what will the challenger banks look like and how will Shariah compliant products feature? Will we witness the successful mass positioning of appealing Islamic digital retail, wealth management and pension offerings in the region? What is the potential for regional government-sponsored fintech growth funds and how would these assist startups? What else can be done to fill the funding gap and provide the capital necessary for Southeast Asian Islamic fintechs to achieve their potential? We seek the views of an expert panel.
Vineeta Tan, Managing Editor, Islamic Finance news
Fitoy Wicaksana, Chief Product Officer, ALAMI Sharia
Karsten Kemna, Managing Director, Crealogix
Muhammad Hamudi Abdul Khalid, CEO/Co-founder, Orpheus Capital
The IFN Green and Sustainable Finance and Investment Dialogue
With COP26 fresh in our minds, what steps can regional governments, policy and standards setters, regulators and financial institutions take to align ESG and sustainable finance and investment with the collective problems it is trying to address, such as climate change? Having witnessed unprecedented recent growth, what, on macro and micro levels, is the sustainable and ESG investment industry today, and what is it not? What investment products and styles do different ESG investors now demand, how can their requirements be satisfied and is there an increasing divergence between Institutional versus retail, and active versus passive? With significant existing convergence between Shariah compliant assets and sustainable investing, what opportunities are there for financing and investment products that satisfy both? Locally, how can successful initiatives such as Values-Based Intermediation (VBI) be harmonised with climate finance to counter the effects of climate change in Malaysia and beyond? Finally, with preferential financing rates and a wider investor base on offer, how do existing and potential issuers of green bonds and Sukuk successfully highlight, maintain and reinforce green credentials? How do we calculate whether these instruments offer positive environmental impact, and if so, how much? We seek the views of an expert panel.
Sunita Rajakumar, Founder, Climate Governance Malaysia
Aran Spivey, Analyst, Environmental, Social, Governance (ESG) Indices, S&P Dow Jones Indices
Cheryl Tay, Senior Associate, Sustainable Finance Solutions, Sustainalytics
Esma Karabulut, Head of Investment Banking and Investor Relations, Emlak Katılım
Hussam Sultan, Regional Head, Commercial and Transaction Banking (Islamic), CIMB
Margie Ong, CEO, Thoughts in Gear
Matt Spalding, Vice-President, Honeywell UOP
Rejina Rahim, Founder, Wahine Capital
Enda Ginting, Indonesia country manager, Fortescue Future Industries
Fostering Linkages and Promoting Opportunities between Islamic Finance and Social Finance
Financial activities that deliver tangible social impact represent a range of new and interesting opportunities to deploy innovative community-wide Shariah compliant finance solutions. How can Islamic financial institutions support microenterprises and entrepreneurship through schemes such as iTEKAD in Malaysia? How can Islamic finance play a pivotal role in the development of gender finance products and policies, empowering women, narrowing gender inequality and driving financial inclusion? How can Shariah compliant finance be further applied to social impact initiatives, enriching lives through the advancement of education, health and well-being? With such goals in mind, how do we design effective models and strategies, offer innovative products and measure the impact of these important initiatives?
Azleena Idris, Director, Corporate Services Division, PayNet
Kemal Rizadi Arbi, Advisor, Capital Market Authority, Sultanate of Oman
Joann Enriquez, CEO, Investment Account Platform
Assoc Prof Dr Mohamed Eskandar Shah, College of Islamic Studies, Hamad bin Khalifa University, Qatar Foundation
Rozani Osman, Senior Financial Sector Specialist, The World Bank
Shahariah Shaharudin, President, Saturna