Andri Aidham Badri - Partner, Kadir Andri & Partners
Angelia Chin-Sharpe - Chief Executive Officer, BNP Paribas Investment Partners Malaysia
Azim Mithani - Chief Executive Officer, Prudential BSN Takaful
Chung Chee Leong - President/Chief Executive Officer, Cagamas
Davide Barzilai - Partner, Norton Rose Fulbright, Hong Kong
Etsuaki Yoshida - Director & Senior Economist, The Japan Bank for International Cooperation
Foo Su Yin - Chief Executive Officer, RAM Ratings
Harish Parameswar - Head of Investment Banking, The Islamic Bank of Asia Limited
Harith Harun - Managing Director & CEO, Maldives Islamic Bank Pvt Ltd
Nor Rejina Rahim - Country Head - Malaysia, Nomura Asset Management
Qudeer Latif - Partner (Global Head of Islamic Finance), Clifford Chance
Raja Teh Maimunah - Managing Director and Chief Executive Officer, Hong Leong Islamic Bank
Ramlie Kamsari - Chief Executive Officer, CIMB Principal Islamic Asset Management
Saiful Bahari Baharom - Chief Executive Officer, Labuan IBFC
Yavar Moini - Director of Islamic Banking, State Bank of Pakistan
Zukri Samat - Managing Director, Bank Islam
Website: www.mifc.com/
Since its introduction more than 30 years ago, Islamic finance in Malaysia has developed into a comprehensive and sophisticated Islamic finance marketplace. The marketplace is characterized by a robust regulatory, supervisory, Shariah and legal framework; a deep primary market and active secondary Sukuk market; diverse players and a talent base with global capabilities and connectivity for business deals anywhere in the world; product innovation; breadth and depth; and an efficient system for multi-currency clearing and settlement. Malaysia’s Islamic finance marketplace is open to global industry players and market participants to collaborate with and mutually benefit from a highly conducive business environment of innovation, expertise and deal flow.
Our marketplace is a comprehensive Islamic finance ecosystem and business environment of infrastructure, innovation, expertise and deal flow, served by the Malaysia International Islamic Financial Center community, comprising the financial institutions, professional firms, regulators and government agencies.
For more information on Malaysia’s Islamic finance marketplace, please visit www.mifc.com, follow us @MalaysiaIF and download the MYIF app from Apple Store and Google Play.
Website: www.ambankislamic.com
AmBank Islamic is a Shariah compliant banking and financial solutions provider with extensive experience in providing our wide spectrum of customers and clients the solutions they need across a broad mix of markets. Backed by AmBank Group’s four decades of experience, AmBank Islamic leads the way forward in Islamic retail, commercial and investment banking as well as Family Takaful. AmBank Islamic also enjoys synergies with companies across AmBank Group including AmBank, AmInvestment Bank and AmMetLife Takaful, creating innovative and effective solutions that form the driving force behind award-winning results and excellent service to individuals, SMEs, corporates, institutions and government agencies.
Recent awards include:
Website: www.cimbislamic.com
CIMB Islamic Bank, licensed under Malaysia’s Islamic Financial Services Act 2013, is the main operating entity of the CIMB Group’s global Islamic banking and finance franchise. It operates in parallel with the group’s universal banking platform where it offers Shariah compliant products and services to the group’s wholesale banking, consumer banking, commercial banking and asset management businesses.
CIMB Islamic’s products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Board Shariah Committee, which comprises some of the world’s leading Shariah experts or scholars. CIMB Islamic provides comprehensive and innovative Shariah compliant financial products and services to meet the needs of individuals, small and medium-scale enterprises as well as large institutional customers.
CIMB Group’s Islamic banking and finance business is supported by the group’s network of over 39,000 staff in 16 countries comprising an experienced senior management team and a global team of Islamic banking and financial services professionals in all core components of the Islamic banking and financial services market. CIMB Group also has the most extensive retail branch network in ASEAN, with more than 900 branches as at the 31st December 2016. Outside of Malaysia, CIMB Islamic operates a universal offering in Indonesia and Singapore with a focus in wholesale banking in the other 14 countries.
Website: www.icd-ps.org
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.
The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.
The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).
ICD mandate and objectives
The ICD fosters sustainable economic growth in its 53 member countries by:
The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.
The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.
FOR MORE INFORMATION
Tel: (966-12) 6361400; (966-12) 6441644
Fax: (966-12) 644 4427
Email: icd@isdb.org
Website: www.icd-ps.org
Website: www.bursamalaysia.com
Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. A public company limited by shares under the Companies Act 1965, Bursa Malaysia operates a fully-integrated exchange, offering equities, derivatives, offshore facilities, bonds as well as Islamic products, and provides a diverse range of investment choices globally. Bursa Malaysia Securities regulates and operates the securities trading activities in Malaysia, a stock market with more than 900 companies across 60 economic activities. Companies from the economic sectors are listed either on the Main Market for large-cap established companies, or on the ACE Market for emerging companies of all sizes. The exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.
To promote Malaysia as the international marketplace for Islamic finance, Bursa Malaysia has established an Islamic Markets Division, dedicated to the development of Shariah-compliant capital markets products and trading platforms. Bursa Malaysia’s Islamic Markets offer a wide range of Shariah-compliant products and services including Bursa Suq Al-Sila (BSAS), Shariah-compliant Equities (i-Stocks), Shariah-compliant Exchange-Traded Funds (i-ETFs), Islamic Real Estate Investment Trusts (i-REITs), Sukuk and Exchange-Traded Bond and Sukuk (ETBS).
For more information on Bursa Malaysia, visit www.bursamalaysia.com.
Website: www.exim.com.my/
The Export-Import Bank of Malaysia (EXIM Bank) was incorporated on the 29th August 1995 and is wholly-owned by the government of Malaysia. EXIM Bank has assisted a diverse range of Malaysian business in an equally diverse range of sectors in their global ventures. The bank takes pride in meeting its mandated role of stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services.
Website: www.faa.org.my/
The Finance Accreditation Agency (FAA) is responsible for raising the standards and quality of professional learning and development in the financial services industry. As an advocate for the highest quality in internationally benchmarked standards for learning programs, FAA aims to create highly skilled and internationally mobile professionals for the global financial services industry.
FAA is an independent quality assurance and accreditation body supported by Bank Negara Malaysia (Central Bank of Malaysia) and Securities Commission Malaysia. The process of quality assurance practiced by FAA is underpinned by the FAA Technical Committee which comprises a world-class panel of experts and practitioners from the financial services industry and leading academics.
Website: https://www.moodys.com
Moody’s Corporation:
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. Both organizations are supported by Moody's Shared Services.
Moody’s Investors Service
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, and the firm's ratings and analysis track debt covering approximately 120 sovereign nations, 11,000 corporate issuers, 21,000 public finance issuers, and 72,000 structured finance obligations.
Website: https://www.sc.com/my/saadiq/
As a major international bank with a long-standing heritage and a global network that covers much of the Muslim world, Standard Chartered is strategically positioned to play a prominent role in this ever-expanding market.
Staying close to the bank’s core values, Standard Chartered Saadiq, its global Islamic banking brand, was launched in early 2007 to create a distinct identity and to reiterate the bank’s commitment to providing innovative banking solutions based on Islamic values. The word ‘Saadiq’ (‘truthful’ in Arabic) was carefully selected to reflect the essence of its Islamic banking offering.
At Standard Chartered Saadiq, the dedicated Islamic banking team combines Shariah expertise with strong business acumen to offer customers the best of both worlds’ comprehensive international banking services with a wide range of Shariah compliant financial products.
Standard Chartered Saadiq offers a complete suite encompassing transactional and corporate banking; financial market solutions such as capital markets; treasury risk management; and corporate finance solutions such as project and export finance, structured trade finance and structured finance to cater to a broad spectrum of corporates and institutions.
Since 2006, Standard Chartered Saadiq has won over 230 international industry awards in recognition of its business’s market leadership position.
Website: www.ableaceraakin.com
AbleAce Raakin has been servicing the commodity Murabahah market for almost a decade. Throughout the period, trust has been built and earned among its clients worldwide. Trust is a major part of our strength. We conduct trading for commodity Murabahah transactions needed for Islamic finance products. Using agricultural-based commodities as the underlying assets, Shariah compliance is prioritized encompassing all areas of our business.
Commodities offered are delivery-ready for purchase, upholding Shariah’s demand for availability of tangible products in real time.
We receive guidance from a Shariah advisory board regularly to ensure compliance to Shariah principles, in efforts to provide certainty and comfort regarding all products, services, documents and processes. We are open to the client’s appraisal processes to ensure complete compliancy and transparency with their respective corporate governance.
Website: www.aiiman.com
Asian Islamic Investment Management Sdn. Bhd. (AIIMAN) is an Islamic investment management company managing assets in excess of RM7.5 billion (US$2.1 billion) (as of the 31 December 2014) for pension funds, institutions, corporates, high net worth and mass affluent individuals.
Headquartered in the world’s Islamic financial hub Kuala Lumpur, Malaysia, AIIMAN is focused on providing clients exceptional and innovative Shariah investment solutions that focus on Asian equities and global Sukuk.
AIIMAN was licensed by the Securities Commission Malaysia to undertake the regulated activity of Islamic fund management on 17 October 2008 and is a wholly-owned subsidiary of Affin Hwang Asset Management Bhd. and a member of the Affin Hwang Investment Banking Group.
Website: www.amundi.com/
Amundi Islamic Malaysia is a wholly-owned subsidiary of Amundi. Amundi is an European leader that ranks top 10 worldwide in the asset management industry with AUM of close to US$1.1 trillion (as at the end of December 2014) . Located at the heart of the main investment regions in over 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies.
Amundi has developed savings solutions to meet the needs of more than 100 million retail clients worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile.
Amundi is committed to Islamic asset management, with a long-standing presence in the Middle East and East Asia. The firm has been providing investors with Shariah compliant solutions through segregated accounts and UCITS compliant funds. It also provides investors with the opportunity to invest in Sukuk and structured products. The investment team in Amundi Islamic Malaysia forms part of the global investment platform. The investment team consist of highly experienced portfolio managers and credit analysts specializing in the management of Sukuk and Shariah compliant equities. Our equities investment capability also extends to cover some of the most promising areas including global, Asian, emerging markets, BRIC and commodity.
Website: www.bankmuamalat.co.id/
Bank Muamalat is the oldest Islamic bank in Indonesia. Founded in 1991, it started operations in May 1992.
Bank Muamalat has been expanding its service with more than 450 offices across Indonesia. To improve customer accessibility, it now has 1,960 ATMs giving it the largest ATM network of any Islamic bank in Indonesia.
In 2009, Bank Muamalat entered the regional market with the launch of an international office in Kuala Lumpur, Malaysia. It remains the only full branch operated by an Indonesian bank in Malaysia and the first foreign Islamic bank operating a branch under an international Islamic banking license.
In the last four years, Bank Muamalat has been undertaking a business transformation through the development of its products to match market needs and through the improvement of service levels. Bank Muamalat continues to launch innovative products: including Shar-e Gold which was recognized by Museum Rekor Indonesia as the first Islamic debit card with chip technology in Indonesia. The card can be used for no-cost transactions in 170 countries worldwide.
Website: www.bk.mufg.jp/global/
About Bank of Tokyo-Mitsubishi UFJ (Malaysia)
Bank of Tokyo-Mitsubishi UFJ (Malaysia) (‘BTMU Malaysia’) is a financial institution licensed under Malaysia’s Financial Services Act 2013. BTMU Malaysia is wholly owned by The Bank of Tokyo-Mitsubishi UFJ, a member of Mitsubishi UFJ Financial Group (‘MUFG’), which is Japan’s premier bank, with a global network spanning more than 40 countries. In Malaysia, the bank has a 58-year track record primarily providing banking services to Japanese and Malaysian corporations.
In 2008, BTMU Malaysia became the first Japanese bank to offer Islamic financial products and services in Malaysia with the setting up of an international currency business unit, focusing on Islamic banking in international currencies. In 2014, BTMU Malaysia commenced its Islamic banking window business to enable offerings in ringgit Malaysia.
As a global Islamic hub for MUFG, the bank provides a range of global Shariah compliant financial solutions. Last year, BTMU Malaysia launched the world’s first yen-denominated Sukuk which was awarded with the ‘Emas’ status by Bank Negara Malaysia.
Website: Information to be updated soon.
UK Trade & Investment is the UK government department that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high-quality investment to the UK’s dynamic economy acknowledged as Europe’s best place from which to succeed in global business.
Website: www.cliffordchance.com
Clifford Chance has been instrumental in the development of the Islamic finance economy. We have a best-in-class global Islamic finance practice, spanning five continents, which offers clients the highly renowned Clifford Chance quality with deep specialism and strength in Islamic finance.
Our team consists of leading experts who are the architects behind many of the world's pioneering and groundbreaking Islamic finance transactions. We have for many years been involved in Islamic financing techniques and Islamic product development and advise on a wide range of Islamic financial services and products including: Sukuk, project and infrastructure finance, acquisition and leveraged finance, private equity and real estate funds, financial regulation, structured products and derivatives, real estate finance and tax.
We have helped to establish Islamic finance benchmarks, standards, regulations and systems which are used throughout the world and have advised on several high-profile Islamically financed deals across the Middle East.
For more information, visit www.cliffordchance.com.
Website: www.ddcap.co.uk
Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP provides asset facilitation services to over 300 financial sector clients worldwide.
DDCAP is majority-owned and controlled by IPGL, a private holding company with an interest in a number of financial services companies. IPGL is also a significant shareholder in NEX Group (previously ICAP), a leading markets operator and provider of post-trade risk mitigation and information services.
DDCAP has an extensive track record within the Islamic finance industry, employing over 35 professionals with broad and complementary skill sets drawn from diverse financial industry backgrounds.
DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait.
DDCAP recently announced the launch of its multi-award-winning Shariah compliant ETHOS Asset Facilitation PlatformTM, a bespoke, real-time trade and post-trade services platform providing 24-hour coverage, enabling clients worldwide to purchase from a diverse asset inventory, including commodities, via a secure, web-based portal.
Website: www.eastspringinvestments.com.my/main.php
Established in 2000 and based in Kuala Lumpur, Eastspring Investments is part of Prudential Corporation Asia, the Asia business of Prudential of the UK. The Prudential Group has been investing in Asia since 1863. Eastspring Investments is one of the largest asset management companies in Malaysia in both institutional and retail, with about RM28.6 billion (US$7.94 billion) in assets under management in the country as at the 31st December 2014. The firm manages unit trust funds, wholesale funds as well as private mandates for individuals and institutions.
Website: https://www.eigertrading.com
Eiger Trading Advisors (Eiger) is a UK-based asset-trading and technology company founded in 2008, which specializes as an intermediary in Islamic financial products.
As a leading intermediary and technology provider within the commodity Murabahah space, Eiger has the unique capabilities to deliver Shariah compliant commodity trading solutions through the Eiger Trading Platform (ETP), a web-based trading system, that we tailor to our bank clients’ exact operational requirements.
The ETP automates the structuring and execution of Islamic banking products for wholesale and retail commodity-backed transactions, including two new enhanced modules:
Eiger is authorized and regulated by the UK’s Financial Conduct Authority, and is both a member of the London Metal Exchange and an associate of the London Platinum and Palladium Market.
Website: www.emiratesnbd.com/en/
Emirates NBD Group
Emirates NBD is a leading banking group in the region. As at the 31st December 2016, total assets were AED448 billion (equivalent to approximately US$121.94 billion). The group has a leading retail banking franchise in the UAE with more than 219 branches and over 1,012 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, global markets and treasury, investment banking, private banking, asset management and brokerage operations.
The group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the UK and representative offices in India, China and Indonesia.
The group is an active participant and supporter of the UAE’s main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
Emirates NBD Capital
Emirates NBD Capital (EmCap) is the investment banking subsidiary of the Emirates NBD Group, licensed to operate in the Dubai International Financial Center. EmCap comprises an experienced team of professionals combining an international perspective with in-depth regional knowledge spanning debt capital markets (DCM), syndicated/club loans, financial advisory, equity capital markets and project finance. The DCM franchise of Emirates NBD is a leading bond and Sukuk house globally and has helped issuers raise approximately US$60 billion in capital market issuances since 2013. The product suite includes Sukuk (rated and unrated), conventional bonds, subordinated structures and private placement transactions.
Website: www.gatehousebank.com
About Gatehouse Bank
Gatehouse Bank is an investment bank based in the city of London, authorized by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority. London not only provides a strong regulatory foundation, it offers a robust and transparent legal system for financial services.
Gatehouse was founded in 2008 and invests in accordance with Shariah principles with divisions in real estate investment, real estate finance, treasury, wealth management and Shariah advisory.
What we do
Combining international financial market expertise with excellence in Shariah principles, Gatehouse is in a unique position to engage with an international client base from Europe, Middle East especially the Arab countries of the Gulf Cooperation Council and South East Asia, seeking safe haven assets and diversification for their portfolios.
Gatehouse seeks to preserve and grow wealth for its stakeholders by providing international financial market expertise that adhere to Shariah principles, supported by excellent client service. The bank has maintained a successful track record in real estate investment and has profitably realized a number of investments. To date, Gatehouse acts as advisor to more than US$1.5 million-worth of assets in the US, the UK and Europe.
Gatehouse Bank in Kuala Lumpur
The Gatehouse Bank Kuala Lumpur representative office (KLRO) opened in 2013 as a footprint for Asian markets. The office provides extensive support to the London head office by profiling and nurturing new relationships with prospective clients in Malaysia and the South East Asia (SEA) region with a view to doing business with these clients via London. Given the strength of an on the ground real estate team, astute wealth management services, an active treasury team and in-house Shariah advisory resources, the KLRO is uniquely positioned to engage with clients in Malaysia and SEA who are interested to venture into the UK and the US real estate markets to seek Shariah compliant safe haven assets.
Website: www.hlisb.com.my/
Hong Leong Islamic Bank (HLISB) is a wholly-owned subsidiary of Hong Leong Bank (HLB), which in turn forms an integral part of the larger Hong Leong Financial Group. Officially launched as a wholly-owned subsidiary of HLB in July 2005, in November 2011, HLISB completed its merger with EONCap Islamic Bank as part of a larger merger between HLB and EON Bank. This milestone marked the first of such mergers between two Islamic banks in Malaysia and had provided HLISB with improved scale and a deepened foothold within the highly competitive Islamic banking industry.
Operating through nine Islamic branches, in addition to an extensive nationwide network of HLB’s shared branches and self-service terminals, it naturally benefits from a strong distribution footprint in offering Islamic banking products and services as a Shariah compliant alternative to conventional banking.
Strategically focused in providing holistic solutions based on the tenets and principles of Shariah law, HLISB offers its customers a wide range of innovative solutions including structured finance, business and corporate banking, personal financial services, Islamic global markets and wealth management. At the same time, HLISB also pursues the development of its own business niche in fee-based income and Islamic capital markets.
In addition to the more traditional lines of business, HLISB has in recent times increased emphasis on the enhancement of alternative distribution channels namely in the areas of digital and transactional banking which would further support the solidifying of its position as a leading Islamic bank in Malaysia.
Website: www.ibfim.com/
IBFIM is an industry-owned and regulator-linked institute whose objective is to serve the needs of the Islamic finance industry stakeholders in talent and business development.
Since 2001, IBFIM has been conducting training programs as well as extending business and Shariah advisory services. IBFIM’s tagline, “Your Islamic Finance Business Partner”, manifests its close rapport with the industry and its wide range of services.
As a market leader, IBFIM’s certification programs are developed, moderated and recognized by the industry. The programs cover four disciplines: banking, Takaful, capital markets and wealth management. IBFIM’s Islamic finance qualifications are mapped out in an innovative progression route which in itself is a motivation for industry personnel to enhance their competencies in moving up the corporate ladder.
IBFIM’s stock screening methodology is best practice, serving clients seeking truly Shariah compliance. IBFIM is the market leader in Shariah advisory for Shariah-based funds and in Shariah audit. IBFIM has helped in the conversion and establishment of Islamic financial institutions.
Let’s be partners.
Call +603-2031 1010, email info@ibfim.com or visit www.ibfim.com.
Website: www.tosan.com
IDCORP TOSAN specializes in the provision of end-to-end banking solutions for both conventional and Islamic financial institutions. TOSAN is the first and market-leading provider of banking software solutions to retail, corporate, private and microfinance banks in Iran.
Operating for more than 17 years, we offer a diverse range of solutions encompassing all major components of the banking process. We are also a leading player in Islamic banking applications and payment solutions incentivized by our direct involvement in the thriving Islamic banking sector in the Middle East.
Our products include Islamic core banking systems, cards and payment solutions along with Islamic credit card systems, virtual banking systems and business intelligence systems. TOSAN serves over 50 financial institutions worldwide and its products have been deployed in medium-sized banks and large-scale credit institutes.
Website: www.idealratings.com/
IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:
Website: www.isfin.net/
Created in 2011, ISFIN (Emerging markets advisors) became in less than 6 years, the world’s leading emerging markets advisory (included Islamic Finance and Halal industry). ISFIN offers a wide range of services to companies wishing to enter these emerging markets, and deal with specific products for Muslims consumers and companies worldwide.
We collaborate closely with other firms /consultants specialized in a specific field. We also propose legal and tax advices (throughout our partners in 75 countries) and marketing packages to companies willing to develop Halal/Islamic finance products on their existing and new markets. Working collaboratively and internationally with the best consultants and financial institutions is our strength!
Each member of our team is specialized in a field:
Website: www.labuanibfc.com
Labuan International Business and Financial Center (Labuan IBFC) presents a comprehensive midshore solution striking the ideal balance between client confidentiality and compliance with international best standards and practices.
Located in Malaysia, Labuan IBFC lies strategically in the heart of the Asia Pacific region, sharing a common time zone with major Asian cities including Hong Kong, Shanghai and Singapore. It is the leading midshore jurisdiction for companies looking to tap into one of the fastest-growing regions in the world, presenting the perfect solution to businesses seeking to connect with Asia’s economies and beyond.
Labuan IBFC is well supported by a comprehensive, modern and internationally recognized legal framework, which provides clear legal provisions and industry guidelines enforced by its regulator, Labuan Financial Services Authority (Labuan FSA).
With the introduction of the Labuan Islamic Financial Services and Securities Act 2010, the jurisdiction is home to the world’s first omnibus legislation governing all Shariah compliant businesses in an international business and financial center.
Labuan IBFC has a wide range of business and investment structures for cross-border transactions, business dealings and wealth management needs. These unique qualities provide sound options for regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets. The jurisdiction also offers global investors and financial services providers the advantage of being in a leading international financial center as well as access to the majority of Malaysia’s extensive network of more than 70 double taxation treaties.
Contact
infoline : +6 03 2780 2180
Tel : +6 03 2773 8977
Fax : +6 03 2780 2077
Email : info@libfc.com
Website : www.labuanibfc.com
Website: www.ocbc.com.my/OCBCAl_Amin/index.shtml
Kuala Lumpur-based OCBC Al-Amin Bank (OCBC Al-Amin), a wholly-owned subsidiary of OCBC Bank, was established in 2008 to strengthen the bank’s efforts in Islamic banking. It was established more than a decade after the bank first started offering Shariah compliant banking products and services in 1995.
OCBC Al-Amin offers a broad array of competitive and innovative financial products and services, ranging from consumer, corporate, treasury, investment and transaction banking, encompassing both Muslims and non-Muslims while adhering to the tenets of Islam.
Among its notable recent corporate financing efforts are Konsortium ProHawk’s RM900 million (US$242.59 million) Sukuk Murabahah program financing and Lembaga Tabung Haji’s GBP225 million (US$331.61 million) syndicated term financing. In addition, it remains the only bank to offer unsecured business financing (with a wholesale guarantee tie-up with the country’s credit guarantee corporation). In 2014, OCBC Al-Amin was adjudged Malaysia’s Islamic Bank of the Year by the UK-based The Banker.
OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has a network of over 630 branches and representative offices in 187 countries and territories, including more than 330 branches and offices in Indonesia that are operated by its subsidiary, Bank OCBC NISP.
Together with OCBC Bank’s extensive network and leading asset management, private banking and Takaful business offerings, OCBC Al-Amin seeks to deliver world-class services to its clients.
Website: www.path-solutions.com
About Path Solutions
Path Solutions is a leading information technology solutions provider offering a broad, deep spectrum of Sharia-compliant, Riba-free and asset-backed integrated software solutions and services to the Islamic financial marketplace, covering the entire range of Islamic Banking, Retail and Corporate Banking, Investment and Financing, Treasury, Asset Management, Risk Management, and Regulatory Reporting in the GCC and Global Capital Markets.
Designed to meet the needs of modern Islamic banking, Path Solutions’ turnkey solutions are based on an open, flexible architecture and an established deployment methodology. They have been tested and implemented at some of the world’s most sophisticated Islamic banks, Islamic banking windows as well as conventional banks converting into Islamic banking operations.
Path Solutions’ success can be attributed to its multi-award winning Islamic core banking system iMAL that serves and supports the world’s leading Islamic financial institutions across the globe. iMAL is the only 100% Islamic banking solution available in the market. All iMAL modules adhere to the Islamic law and are in full compliance with IAS (International Accounting Standards). The system is based on the Sharia guidelines for the purpose of financing related to Murabaha, Mudaraba, Ijara, Istisnaa, Salam, project financing, real estate and others. The company provides cloud-ready and on premise software solutions with a robust set of capabilities to help Islamic financial institutions enhance their most distinctive operations.
Another flagship product of Path Solutions is iSHRAQ, a web-based solution built using Microsoft .NET platform for Financing & Investment SMEs. iSHRAQ*Microfinance which falls under iSHRAQ*Islamic Finance is a proven solution that adopts forward-thinking best practices to support Islamic microfinance institutions’ profitability and growth. It provides Islamic microfinance institutions with alternate channels such as POS and mobile banking, using the branchless banking concept for online, real time secure services, enabling them to run the mass retail services that comprise microfinance and community banking at lower cost.
Path Solutions helps its clients to manage all of their front-office and back-office software needs, cut costs, meet Sharia and regulatory requirements, exceed their customer expectations, fend off competition and increase their market share. The company’s multilingual team combines deep technical expertise with industry know-how to provide a market-leading array of professional services.
Path Solutions is headquartered in Kuwait City, with world-class R&D centers in Beirut, Cairo, and Kerala and support offices in Dubai, Karachi, Khartoum, Kuala Lumpur, London, Manama and Riyadh, while maintaining a presence through partner companies in other locations around the globe. The company enjoys a strong presence across the Middle East, GCC, Africa, Asia Pacific, South America and United Kingdom with over 120 forward-thinking Islamic financial institutions using its cutting-edge software solutions, strengthening its position as the undisputed leader in the Islamic financial services marketplace.
For more information, go to: www.path-solutions.com
Website: www.pelaburanmara.com.my
Pelaburan MARA is a strategic investment and asset management company wholly-owned by Majlis Amanah Rakyat (MARA), a statutory agency of the government of Malaysia. Established in 1967, the group is principally involved in private equity investments, portfolio fund management, unit trust management, financial services and corporate advisory.
Pelaburan MARA strives to create lasting values to its investors, investee companies and society at large. To this end, the firm becomes an active investor transforming its investee companies into lasting and sustainable entities, and provides superior asset management and financial services to its investors and customers. Pelaburan MARA’s investment portfolio covers a broad spectrum of businesses within the energy, infrastructure, real estate and technology sectors.
Driven by its vision to become a leading investment and financial group in Malaysia, its endeavor is guided by a set of principles that define its character and culture; sustainability, accountability, integrity and entrepreneurship.
Website: www.pnb.com.my/
Permodalan Nasional (PNB) is one of Malaysia’s largest fund management companies, which owns the country’s largest unit trust management company, Amanah Saham Nasional (ASNB) and subsidiary Amanah Mutual (AMB). With more than RM273 billion (US$75.49 billion)-worth of funds under its management, PNB has accumulated extensive investment portfolios in key strategic economic sectors in the country.
In wealth management, ASNB currently manages 10 unit trust products, with 202 billion units in circulation held by 12 million Malaysian individual unitholders. For individuals and institutions, local and foreign investors, AMB offers a combination of 11 conventional and five Shariah unit trust funds that tailor to specific investment features.
As part of ASNB’s financial planning service, it offers the Hibah Amanah service which is in accordance with Shariah principles for Muslims and the Trust Declaration service for non-Muslims for the purpose of unitholders’ estate planning.
Website: www.saturna.com.my/
As an asset management firm, we tailor investment programs to our clients’ objectives. We are primarily long-term investors, seeking to preserve and grow clients’ capital over time. With more than two decades of Shariah compliant investing experience, the Saturna group is committed to providing high-value services at low cost.
Their expertise covers US equities & fixed income, global equities & fixed income and ASEAN equities.
Website: www.spdji.com
S&P Dow Jones Indices (S&P DJI) is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over one million indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P DJI has the longest history of providing Islamic market indices since the launch of DJIM World Index, the world’s first Shariah compliant benchmark in 1999. In 2006, the Dow Jones Sukuk Index was launched, which became the first index to track the performance of global Islamic fixed income securities.
Nowadays, S&P DJI offers two highly visible and widely used index families for Shariah compliant investors: The DJ Islamic Market (DJIM) Indices and S&P Shariah Indices. The two index families include thousands of broad-market, blue-chip, fixed-income and strategy and thematic indices that have passed rules-based screens for Shariah compliance and are the most visible and widely-used set of Shariah compliant benchmarks in the world. A majority of the largest asset managers in the Middle East, Southeast Asia as well as major banks/asset managers in Europe and the US that serve a Shariah clientele utilize S&P DJI to construct Shariah compliant investment strategies.
S&P DJI is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com.
Website: www.trowers.com/
Trowers & Hamlins is an international law firm, headquartered in the city of London, providing full-service integrated offerings. Today, the firm has over 130 partners and over 800 personnel working across the UK, Middle East and Southeast Asia.
With specialist lawyers in the UK, the Middle East and ASEAN, Trowers & Hamlins has been a market leader in the field of Islamic finance for over 20 years. Ranked in the top 10 UK law firms for Islamic finance, our clients include Islamic finance institutions as well as public and private sector organizations.
The ASEAN region is an area of continuing growth for the firm and in response to our expanding client base, we opened a representative regional office in Kuala Lumpur in July 2012 and were granted a branch license in 2015. We are the first and only international law firm to be licensed in Malaysia.
Our defining characteristics are that we are a friendly and accessible firm which has a commitment to excellence, and which provides a supportive working environment to a wide diversity of individuals.
Website: www.ambankislamic.com
AmBank Islamic is a Shariah compliant banking and financial solutions provider with extensive experience in providing our wide spectrum of customers and clients the solutions they need across a broad mix of markets. Backed by AmBank Group’s four decades of experience, AmBank Islamic leads the way forward in Islamic retail, commercial and investment banking as well as Family Takaful. AmBank Islamic also enjoys synergies with companies across AmBank Group including AmBank, AmInvestment Bank and AmMetLife Takaful, creating innovative and effective solutions that form the driving force behind award-winning results and excellent service to individuals, SMEs, corporates, institutions and government agencies.
Recent awards include:
Website: www.cimbislamic.com
CIMB Islamic Bank, licensed under Malaysia’s Islamic Financial Services Act 2013, is the main operating entity of the CIMB Group’s global Islamic banking and finance franchise. It operates in parallel with the group’s universal banking platform where it offers Shariah compliant products and services to the group’s wholesale banking, consumer banking, commercial banking and asset management businesses.
CIMB Islamic’s products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Board Shariah Committee, which comprises some of the world’s leading Shariah experts or scholars. CIMB Islamic provides comprehensive and innovative Shariah compliant financial products and services to meet the needs of individuals, small and medium-scale enterprises as well as large institutional customers.
CIMB Group’s Islamic banking and finance business is supported by the group’s network of over 39,000 staff in 16 countries comprising an experienced senior management team and a global team of Islamic banking and financial services professionals in all core components of the Islamic banking and financial services market. CIMB Group also has the most extensive retail branch network in ASEAN, with more than 900 branches as at the 31st December 2016. Outside of Malaysia, CIMB Islamic operates a universal offering in Indonesia and Singapore with a focus in wholesale banking in the other 14 countries.
Website: www.jardinehc.com
Website: www.cagamas.com.my
Cagamas, the National Mortgage Corporation of Malaysia, was established in 1986 to promote the broader spread of house ownership and growth of the secondary mortgage market in Malaysia. It issues debt securities to finance the purchase of housing loans and receivables from financial institutions, selected corporations and the public sector. The provision of liquidity at a reasonable cost to the primary lenders of housing loans encourages further financing of houses at an affordable cost.
The Cagamas model is well regarded by the World Bank as the most successful secondary mortgage liquidity facility. Cagamas is the largest issuer of private debt securities in the Malaysian capital market. Since its incorporation in 1986, Cagamas has cumulatively issued RM286.5 billion (US$64.38 billion) (as at the 31st December 2016) of bonds and Sukuk, including issuances by its wholly-owned subsidiaries, Cagamas Global and Cagamas Global Sukuk which are also guaranteed by Cagamas.
Cagamas’s debt securities continue to be assigned the highest ratings of ‘AAA’ and ‘P1’ by RAM Rating Services and ‘AAA/AAAID’ and ‘MARC-1/MARC-1ID’ by Malaysian Rating Corporation, denoting its strong credit quality. Cagamas is also well regarded internationally and has been assigned local and foreign currency long-term issuer ratings of ‘A3’ by Moody’s Investors Service that are in line with Malaysian sovereign ratings.
Cagamas Global was incorporated on the 4th April 2014 as a conventional fundraising vehicle incorporated in Labuan to undertake the issuance of bonds and notes in foreign currency, whereas Cagamas Global Sukuk was incorporated on the 5th May 2014 as an Islamic fundraising vehicle to undertake the issuance of Sukuk in foreign currency.
Website: www.ivcap.com.my
i-VCAP Management (i-VCAP) was incorporated in 2007 and is a holder of the Capital Markets Services Licence issued by the Securities Commission of Malaysia. Its principal business activity is the provision of solely Shariah compliant investment management services. i-VCAP is a subsidiary of Valuecap (Valuecap) which is equally owned by Khazanah Nasional, Permodalan Nasional and Kumpulan Wang Persaraan.
Mandated by the government to promote exchange-traded funds (ETFs), i-VCAP has grown to become a frontrunner in the development of Shariah compliant ETFs globally with the issuance of its MyETF Series. With the hybrid features of a fund or collective investment scheme and stock, MyETF Series is a smart investment tool given its cost-effectiveness, transparency and convenience. The current ranges of MyETF Series are Malaysia Titans 25 (MyETF-DJIM25), Malaysia Islamic Dividend (MyETF-MMID), South East Asia Islamic Dividend (MyETF-MSEAD) and Asia Pacific ex-Japan Islamic Agribusiness (MyETF-AGRI). To date, i-VCAP remains the only Shariah ETF issuer in Malaysia and is the largest issuer of Shariah ETFs globally.
Besides championing Shariah ETFs, i-VCAP also provides other investment products and services that include active fund management. As at the end of February 2016, total assets under management of i-VCAP stood at approximately RM1.2 billion (US$291.65 million) comprising of ETFs, wholesale funds and private mandates. i-VCAP is supported by Valuecap’s strong research capabilities in portfolio investment management and strategy.
Corporate Information
Telephone: (+6)03 2093 7119
Email: info@ivcap.com.my; info@myetf.com.my
Website: www.ivcap.com.my; www.myetf.com.my
Website: www.wvb.com
World Vest Base provides a broad range of informational products directed at institutional investors, universities, bankers, analysts, tax and audit practitioners, government agencies and asset managers, M&A, private capital, equity and fixed income markets.
The company’s latest offering includes the WVB Shariah Compliance Ratings which is a relational database of financial, statistical and market information on active and inactive global companies.
The database covers 153 countries with over 44,600 active listed companies and 30,000 inactive companies. This covers approximately 99% of all listed companies and a global market capitalization of almost 100%.
WVB data is based on the country of incorporation. It describes a company as a legal entity, not individual issues or listings and offers complete documents with indexed financial transparency to the data.
For more information, visit www.wvb.com
Website: www.islamicfinancenews.com
Islamic Finance news is the industry's leading, capital markets focused, e-newsletter bringing you unrivalled editorial coverage every week on the global Islamic financial market.
This weekly newsletter provides insightful and intelligent editorial coverage from around the world helping you keep ahead. In addition to a comprehensive weekly review of all the stories from around the globe, interviews, forums, market statistics and data, key industry practitioners contribute via non-biased, educational and up-to-date country and sector reports, giving you a firsthand knowledge and understanding of the Islamic finance markets and instruments from an experts' point of view.
For a trial subscription, please contact +603 2162 7800 or email subs@IslamicFinancenews.com
Website: businessislamica.com/
Launched in November 2006, Business Islamica is the first monthly magazine of its kind in the UAE, specifically covering all aspects of Islamic business and finance, both regionally and internationally.
The magazine’s objective is to spearhead awareness initiatives, heighten knowledge of its core principles and practices, as well as to feature the latest developments in this industry.
Our editorial covers interviews with key industry leaders, case studies, and includes features on a wide range of topics such as; Islamic Banking, Wealth Management, Takaful (Islamic Insurance), Islamic Retail Finance, Marketing and Branding of Shari’ah-Compliant products, Regulatory Issues, Islamic Business Challenges and Risk Management.
Website: www.capitalbusiness.me
Website: www.alfi.lu
Website: www.alphasoutheastasia.com
Alpha Southeast Asia celebrated its fifth anniversary as a purely Southeast Asian focused institutional investment and transactional banking magazine in 2011. The magazine has remained steadfast in its coverage of Southeast Asia (Indonesia, Malaysia, Philippines, Singapore and Thailand).
As a result, the magazine has firmly established itself as the only magazine of choice among institutional investors interested in understanding the region further. Corporate treasurers and chief financial officers in the region have also found our magazine useful given similarities in the ASEAN region. High net worth individuals and white-collar professionals have also found our articles a good alternative as opposed to what is widely available in the mainstream regional press. The magazine remains the only Hong Kong-based regional financial magazine with a dedicated monthly section on Islamic finance.
Website: www.asia-first.com/
Asia First provides a complete solution for financial professionals and organizations to source, purchase and manage financial news and intelligence products that they need for their business. It is a front-end website featuring extensive free daily and weekly finance news and other resources for professionals, complemented by a corporate back-end procurement platform and marketplace for buying and managing financial publications, data, research and events.
We organize specialized events and provide branding and exposure via our extensive readership and database. A one-stop shop with the following:
Website: www.fundsglobalasia.com
Website: www.oxfordbusinessgroup.com/
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Asia, the Middle East, Africa and Latin America.
OBG offers a comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
The group’s acclaimed economic and business reports are the leading source of local and regional intelligence, while its online economic briefings provide an up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.
Website: www.oictoday.biz/
OIC TODAY is a business and investment magazine that plays the role as information provider and communication link to members of the Organization of the Islamic Conference (OIC). Now it has come into existence to serve the Muslim Business community at large.
OIC Today was launched by Malaysia's former Prime Minister YAB Tun Haji Abdullah Ahmad Badawi whom indicates the importance of such a pan-Muslim publication for global reach and networking with member countries.
OIC Today is an exclusive magazine published by OIC International Business Centre Sdn Bhd in collaboration with Malaysia OIC Trade Chamber based in Kuala Lumpur Malaysia. It focuses on general economy and also acts as the mouthpiece for Muslim Nations seeking partners in progress and development of the Ummah worldwide.
Website: www.thebusinessyear.com/
The Business Year (TBY) is a global media group specializing in economic news, research on national economies, and business intelligence across emerging markets. With operations in over 35 countries, we bring first-hand insights to investors, businesses, and governments worldwide.
