Yearly Archives: 2019

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Financial Technology in Indonesia: Driving Change and Innovation

How is technological innovation and digitization driving evolution in the Indonesian financial services industry? In what ways is technology disrupting how money is raised and managed? What opportunities do technologies such as blockchain and smart contracts offer financial institutions? Finally, how can technology drive and promote financial inclusion in Southeast Asia? Moderator: Vineeta Tan, Managing Editor, Islamic Finance News Panelists: Aditia Kinarang Mokoginta, CEO, Biido Crypto Exchange Ahmad Fakih Ijtihadi, Head, Risk Management, Mandala Multifinance, Indonesia Robin Lee, CEO and Co-Founder, HelloGold

Leading Institutions Discuss Funding and Capital-Raising Options

We examine funding in key sectors, projects and industries and ask what represents effective corporate finance and capital-raising strategies across multiproduct areas and markets. What do corporates want and what can Islamic finance offer? How can the Indonesian GLC sector further employ and benefit from Islamic funding options? We ask a high-level panel to share their expertise and views. Moderator: Vineeta Tan, Managing Editor, Islamic Finance News Panelists: Firman Nur Rahman, Financial Services Authority, Indonesia Irwan Abdalloh, Head of Islamic Capital Market Division, Indonesia Stock Exchange Prashant Gokarn, CEO, DigiAsia Bios Shaiful Kamarul, Senior Country Manager, Indonesia, Islamic Corporation for the Insurance of Investment and Export Credit Simon Chen, Vice-President – Senior Analyst, Financial Institutions Group, Moody’s Investors Service

Keynote Interview

Interviewer: Vineeta Tan, Managing Editor, Islamic Finance News Interviewee: Dr Sutan Emir Hidayat, Director of Islamic Financial Education and Research, Komite Nasional Keuangan Syariah (National Committee of Islamic Finance)

Low Carbon Developments and Bankable Green Projects

Indonesia is one of the world’s largest emitters of greenhouse gases (GHG) that cause global warming. To curb that, Indonesia laid out the Low Carbon Development Framework (LCDF) last year to promote climate-resilient economic growth. We analyze the challenges in financing low-carbon developments, the examples of innovative projects in Indonesia, green Sukuk and Waqf-linked Sukuk for funding sustainable and environmentally responsible projects and explore the opportunities available in Islamic finance. Moderator: Ashraf Gomma Ali, Regional Head, Shariah Advisory and Governance/Positive Impact and Responsible Banking, CIMB Islamic Panelists: Enda Ginting, Assistant Deputy, Office of the President of the Republic of Indonesia Farouk Abdullah Alwyni, Chairman, Center for Islamic Studies in Finance, Economics and Development Dr Mohamad Ikhsan Modjo, Faculty Member, Senior…

Unlocking the Future of Islamic Finance

The Islamic finance industry needs innovation and differentiation from its conventional counterparts to further their market share. Markets around the world have started acknowledging the importance of the financial sector in promoting sustainable growth particularly the Islamic finance industry. The initiative by the Indonesian government by issuing the world’s first sovereign green Sukuk is a testament to the commitment of sustainable financing. Islamic finance is pivoting toward not only catering on Shariah compliant products and services but also aligning them with the UN Sustainable Development Goals. In addition, the rise of fintech and techfin companies is disrupting the business of existing financial institutions. We ask a high-level panel to share their views on how to unlock the future of Islamic…

Keynote Address

Rifki Ismal, Deputy Director, Head of Islamic Economic Cooperation Division, Department of Islamic Economics, Bank Indonesia

Regulatory, Taxation Issues and Shariah Governance Frameworks for Islamic Banks in South Africa: Challenges and Solutions

Moderator: Shabir Chohan, CEO, Al Baraka Bank – South Africa Panelists: Ahmed Suliman, Shariah Advisor, FNB Islamic Banking Mufti Shafique Jakhura, Member, Shariah Supervisory Board member, Al Baraka Bank – South Africa Yasmeen Suliman, Executive, Tax, Bowmans Yusuf Suliman, Head, Shariah Advisory, Standard Bank

Recent Developments in International Islamic Financing and Sukuk Markets

Ahsan Ali, Head of Islamic Origination, Standard Chartered Bank

Presentation: Market Conduct and Prudential Regulation — the South African Islamic Financial Services Industry and the Implementation of Twin Peaks

Kershia Singh, Head of Market, Customer and Inclusion Research, Financial Sector Conduct Authority

Corporate Financing, Capital-Raising and Asset Management in South Africa: Opportunities for Islamic and Responsible Finance

Through a panel of leading advisors and investment managers, we discuss the prospects for domestic and regional capital markets. What structures and asset classes will find favor with issuers and investors and where does Islamic finance fit in? What challenges still exist within regional taxation and regulatory frameworks for Islamic capital market and asset management products and how can these be addressed? Five years after the maiden South African US$500 million sovereign issuance, what do Sukuk offer Southern African sovereign, multilateral and supranational issuers? Finally, what are the opportunities for Islamic and ethical finance to fund and cooperate with sustainable and responsible projects in key sectors such as energy, education, healthcare and agriculture? Moderator: Amman Muhammad, CEO, FNB Islamic Banking Panelists:…

Innovation in Islamic Banking and Finance: Benefiting the South African Consumer

We showcase recent achievements in development and innovation across a wide range of Islamic banking and finance activities and assess how end consumers have benefited from the availability of Islamic finance product offerings. Moderator: Riaz Lachman, Head, Absa Islamic Banking Panelists: Asad Kaka, Regional Head, Absa Islamic Banking  Mohammed Ameen Hassen, Head of Shariah Banking, Standard Bank Shaheen Suliman, Head of Islamic Retail Banking, First National Bank