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Building Momentum: Indonesian Islamic Financial Services, the Halal Economy and Social Finance
We offer a critical analysis of the applicability of Islamic financial services to two vital, burgeoning sectors in Indonesia: The Halal economy, and social finance. How large is the Halal economy both domestically and internationally? What are the opportunities for servicing, supplying, financing and managing the Halal economy? Are companies within the Halal economy exclusively using Islamic financial services, and if not, why? What represents effective value chain analysis of the Halal economy and how do Islamic financial institutions position themselves to offer successful financing solutions? Why is social finance important and how can Islamic financial institutions play a role in its growth and development in Indonesia? In a post-pandemic world, what does social finance offer in terms of relief…
Keynote Address
Astera Primanto Bhakti, Director General of Fiscal Balance, Ministry of Finance, the Republic of Indonesia, Secretary General of the Indonesian Association of Islamic Economists (IAEI)
Islamic Sustainable Finance & Investment: Moving Forward
In an open discussion, we ask an expert panel to consider and highlight key points, ideas and initiatives, and how these can be put into action to drive Islamic sustainable finance and investment forward. As industry, what should be our next steps, and how should we measure the impact of what we are trying to achieve? What would represent meaningful goals and tangible achievements for the sector? How do we effectively position and market Islamic sustainable finance and investment? What financial products, across a wide range of asset classes will the next generation demand, and how can these demands be met? Moderator: Marlena Kareem, Senior Journalist, REDmoney Group Panelists: Clare Chin, Group Head IR, Strategic Finance and Strategic Planning, Axiata…
Fostering Green Credentials: Key Funding Considerations & Options for Islamic Sustainable Issuers
ESG and sustainability continue to dominate issuer funding strategies. What is a realistic assessment of the instruments and routes on offer to Shariah compliant green issuers, from green bonds and Sukuk, to transition instruments, to sustainable and sustainability linked products? What are key strategic considerations for green bonds and Sukuk issuers: proceeds; process for project evaluation; management of proceeds; reporting; and external review. Why are these metrics so important to issuers and investors alike? With ESG and sustainability influence continuing to grow in the Islamic capital markets issuance, when will we see the enhanced measurement of impact? Do enough issuers engage independent third parties to measure and assess claims of sustainable, green and social credentials, and how can this be…
Building for the Future: Islamic Sustainable Investment
What specific challenges face the Islamic, sustainable investor, and what opportunities? As an industry, how do we continue to widen our investor base through the development of appealing investment products that satisfy both ESG and Shariah compliance requirements? How do we capitalize on the green ambitions of Shariah compliant asset owners, institutional investors and investment managers, and take tangible steps to align investment portfolios with taxonomy driven sustainability goals? Can investment and credit portfolios be effectively stress-tested for climate risk, and how do investors satisfy disclosure and data reporting requirements? How can investors more accurately measure the impact of investments made, and what are investors now expecting from issuers in terms of ESG awareness, innovation and compliance? In a highly…
Innovating Shariah Compliant Green Financing Solutions to Drive Climate Action: A Session by the Joint Committee on Climate Change (JC3) Sub-Committee on Product and Innovation
How Islamic finance can contribute towards meeting sustainable development and climate goals Innovative Shariah-compliant sustainable finance products and solutions to facilitate transition to a greener and low-carbon economy Green financing – sustainability-linked financing, term financing, mortgages, hire-purchase, credit cards Capital Market – Green sukuk, sustainability linked sukuk, ESG Funds, ESG ETFs, FinTech Enhancing and leveraging on Islamic finance to ensure just transition Issues, challenges and priorities facing the financial sector in driving climate-related actions, alongside key impediments and gaps in the demand and supply of green solutions, products and services Facilitating collaboration between stakeholders, alongside enhancing Shariah-compliant and sustainable finance global thought leadership and capacity building capabilities, in advancing the climate agenda Moderator: Sharifatul Hanizah Said Ali, Executive Director, Islamic…
Presentation by Bursa Malaysia
Julian Hashim, Chief Regulatory Officer, Bursa Malaysia
Positioning ESG and Sustainable Finance and Investment – Policy, Regulation and Action
Why is a united regulatory response to climate risk, such as that offered by JC3 and The Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF), so important for the financial services industry as a whole? How do we evaluate initiatives designed to encourage investment and resource allocation into sustainable economic activity? How do we address the implications of various taxonomies, frameworks and standards, and identify what can now be labelled sustainable investments? Should taxonomies recognise and reflect market-specific regulations, and are we presenting a clear, consistent message? What industry-led measures would address and mitigate current challenges, such as greenwashing and inconsistent reporting standards? How can potential sustainability bond and Sukuk issuers successfully connect issuances to internal sustainability frameworks? Are…
Presentation by HSBC Amanah
Raja Amir Shah Raja Azwa, CEO, HSBC Amanah
Keynote Address
Dr Awang Adek Hussin, Chairman, Securities Commission Malaysia
Islamic Social Finance: Offering Relief, Creating Opportunities and Improving Lives
What is social finance, why is it important and how can Islamic financial institutions play a significant role in its growth and development? In a post-pandemic world, what does social finance offer in terms of relief and renewal, and what real-life examples are there of this in practice? How can social Sukuk be used to support enterprise, entrepreneurship, home ownership and job creation, as well as healthcare and education? What has worked towards these goals in other countries and what can be learnt from these achievements? How can Islamic social finance be deployed to assist with liquidity and funding for the vital SME sector? Can Islamic social finance play a role in the evermore consequential issue of food security, simultaneously…
Technology Roundtable: Digitalization and the Evolution of Southeast Asian Islamic Financial Services
The digitalization of Islamic financial services: what is working, what is viable, and what is not? What do the answers to these questions mean for the evolution of Islamic financial services in Southeast Asia? With new neo-banking licenses in Malaysia, how will the development, provision and distribution of digital Islamic financial services evolve in the near-term, and what models will be deemed successful? What further measures would assist domestic Islamic financial institutions in the modernization and digital transformation of Islamic retail, commercial, Takaful and pension offerings? What are notable milestones and achievements in the development of systems and software for Islamic banks and financial institutions? What technology is available to help Islamic financial institutions drive scale, integrity, efficiency and ultimately…