Maximizing opportunities for Islamic banking, Sukuk and Takaful in Indonesia
Date: 22nd April 2015 Venue: Shangri-la Hotel, Jakarta

Sponsors & Partners

LEAD PARTNERS

Bank Muamalat Indonesia

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.

CIMB Islamic

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.

MULTILATERAL STRATEGIC PARTNER

The Islamic Corporation for the Development of the Private Sector (ICD)

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:

  • Financing private sector investment
  • Mobilizing capital in the international financial markets, and
  • Providing advisory services to business and governments. 

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

ASSOCIATE PARTNERS

BII

Website: www.bii.co.id/

PT Bank Internasional Indonesia Tbk (BII) is one of the largest banks in Indonesia with 426 branches (including foreign branches and Shariah), 1,524 ATMs including CDMs (cash deposit machines) across Indonesia, and connected with more than 20,000 ATMs incorporated in the ATM network PRIMA, ATM Bersama, ALTO, CIRRUS and MEPS network in Malaysia, and also connected with more than 3,500 Maybank ATMs in Malaysia and Singapore. BII has overseas offices in Mauritius and Mumbai. As of the 30th September 2014, BII manages customer deposits amounting to IDR103.6 trillion (US$8.29 billion) and assets totaling IDR144.5 trillion (US$11.56 billion). BII provides a full range of financial services through branches, ATMs, phone banking, mobile banking, and internet banking. BII is listed on the Indonesia Stock Exchange (BII) and is active in business, retail and global banking.

Emirates NBD Group

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.

EXECUTIVE PARTNERS

Bank BNI Syariah

Website: www.bnisyariah.co.id/

BNI Syariah, a spin off of Bank Negara Indonesia (BNI), was established in June 2010 and has 270 branches in Indonesia with banking services, products, features and technology integrated with BNI 46 and a network of 15.000 BNI ATMs. Since inception, the bank has gone from strength to strength with an overall growth of 29.19% (as of December 2015), reaching a milestone of IDR23.02 trillion (US$1.75 billion) in assets and becoming a recognized brand within Indonesia’s rapidly growing Islamic banking sector.

 BNI Syariah continues to maintain stable growth with regards to its financial performance by registering a 39.98% year-on-year increase in profits to IDR228.52 bilion (US$17.39 million) in 2015 (ranked second in industries). BNI Syariah also disbursed a total of IDR17.76 trillion (US$1.35 billion) for financing activities, an increase of 18.11% which is higher than the industry’s growth of 7%. Other positive results include a gross non-performing financing of 2.53% compared to the industry’s 4.34% and a growth in deposits of 18.94% to IDR19.32 trilion (US$1.47 billion) compared to the previous year.

In 2014, BNI Syariah launched an innovative branding campaign that synergizes its core values in promoting the concept of Hasanah and in 2015, BNI Syariah and MasterCard Indonesia launched the ‘Kartu Haji dan Umrah’ product.

Ciptadana

Website: www.ciptadana.com/

PT Ciptadana Asset Management (CAM) is one of the first investment companies to be licensed by Bapepam (Indonesian Capital Market Regulatory). It was established in 1991 and received its investment management license from Bapepam on the 14th April 1992.

In 1992, CAM launched the Indonesian Growth Fund, which is a pioneer in the Indonesian mutual fund industry. Further in 2012, it launched DIRE Ciptadana Properti Ritel Indonesia, which is a pioneer in real estate investment in Indonesia.

CAM manages various mutual funds that invest in Indonesian equities and, fixed income instruments and it also provides structured funds management services, tailor-made for each client, whether high-net-worth individuals or institutions. Investment strategies are designed to reflect each client’s financial assets, obligations and risk appetite, and to achieve their investment goals.

Managing funds since 1991, CAM has the experience needed to help clients make a difference.

DDCAP

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.

Franklin Templeton Investments

Website: www.franklinresources.com/shariah

Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 150 countries for more than 65 years. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s over 600 investment professionals are located across the globe including asset managers with expertise in Shariah compliant strategies in Hong Kong, Malaysia, Singapore and the UAE. With offices in 35 countries, the California–based company has over US$880 billion in assets under management as of the 31st December 2014.

The company’s Shariah footprint began with the establishment of its global strategic Shariah hub in Malaysia in January 2010. Franklin Templeton Investments has Shariah investment expertise across various styles and asset classes, such as global Sukuk, country-specific Sukuk, global and Asian equities.

 

Global Advocates & Legal Consultants

Website: www.globaladvocates.net

Global Advocates and Legal Consultants (Global), based in the UAE with offices in Dubai and Abu Dhabi, remains one of the leading law firms in the Gulf region.

Global has a team of highly skilled and experienced advocates and legal consultants, who are licensed and educated from around the globe, including the UAE, the US, the UK, Italy, Australia, New Zealand, Egypt, as well as are permitted to appear before all courts and arbitration centers of the UAE and the Dubai International Financial Center.

Global has become one of the fastest-growing law firms in the Gulf region, offering services through a unique model, with a reputation of excellence in the legal services. Global’s main areas of practice are: litigation and dispute resolution – arbitration, banking and finance – Islamic finance, corporate and commercial, criminal.

IdealRatings

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:

  • Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio. 
  • REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines. 
  • Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry. 
  • Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and 
  • Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.

 

 

Ikonsultan Inovatama

Website: wwew.ikonsultan.com

Founded in 2002, PT iKonsultan Inovatama (iKon) is one of the leading local IT and management consulting firms, established by a group of consultants with extensive global and local consulting experience. iKon offers a unique combination of strong functional and technical skills, combined with robust project/program management skills.

Key services include:

  • Advisory
    • IT strategy
    • Business strategy
    • Merger and acquisition
    • Application software selection

  • Consulting
    • Program management
    • Business process design and implementation
    • System design and implementation
    • Merger integration
  • Solutions
    • Banking solutions
    • Insurance solutions
    • Multi-finance/leasing solutions
    • Mobile-based solutions
    • Other solutions

  • Managed services
    • IT services
    • Testing services
    • Business services

In Islamic/Shariah financing areas, iKon has assisted many reputable organizations to:

  • Develop functional designs for custom core insurance applications to support Shariah insurance products
  • Develop functional designs for packaged core banking applications to support Shariah banking products
  • Develop an IT strategy for a Shariah unit to be spun-off from a large conventional bank
  • Manage the fastest implementation of a core banking system for a large Shariah bank

iKon is uniquely positioned in the market, since iKon offers experienced professionals with balanced project management, functional and technical skills, with both local and global experience, combined with knowledge of world-class products and solutions.

iKon has been engaged by several notable clients including leading banks and financial services organizations.

Most of our client portfolio are long-term engagements reflecting clients’ satisfaction with the quality of our service.

OCBC Al Amin

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.

QIIB

Website: www.qiib.com.qa

QIIB has come a long way since it was established on the 1st January 1991 as a full-service bank committed to Shariah principles. QIIB is well-placed to provide a full array of retail and corporate banking services to its growing customer base.

Strategic alliances
QIIB is rapidly growing as one of the prominent Islamic banks in the Middle East region and beyond and continues to explore new markets for strategic alliances.

Guiding principle
QIIB’s guiding principle is to provide modern Shariah compliant financial services to meet its customers' expectations and satisfy their needs in an efficient, user-friendly manner. QIIB is guided by its commitment to deliver value to its customers, shareholders, and employees in line with their aspirations.

Corporate banking
QIIB offers a wide variety of financing and deposit services to large corporations in all segments of the economy. The bank’s relationship managers are seasoned bankers with the depth and understanding of the complex needs of larger corporations. Syndications and financing agreements with other major banks have allowed QIIB to provide seamless service to its corporate customers.

Investment services and correspondent banking
QIIB’s network of global correspondent banks ensures a timely delivery to facilitate money transfers and facilitate foreign trade services to its customers. The bank’s global access permits a seamless flow of service and the availability of different investment alternatives to meet customers’ needs.

Reasuransi Internasional Indonesia (ReIndo)

Website: www.reindo.co.id

Reinsuransi Internasional Indonesia (ReINDO ) was established on the 12th November 1996 based on the notarial deed of Muhani Salim, SH No. 177 and approved by the Ministry of Justice through the Decree of the Minister of Justice of the Republic of Indonesia No. C2 - 10869.HT.01.01.TH 1996. The reinsurance business license is obtained from the Minister of Finance of the Republic of Indonesia by virtue of the Decree of the Minister of Finance of the Republic of Indonesia No. 710/KMK.017/1996. ReINDO officially started its operations on the 1st January 1997 with office locations in Jalan Salemba Raya No. 30, Jakarta Pusat.

The Shariah division was established in 2004 by the decision of the annual general meeting of shareholders held on the 19th January 2004, which has been stated in the minutes of the deed of Muhani Salim, SH No. 21 dated the 27th February 2004 and has been reported to and approved by the Ministry of Law and Human Rights on the Ministerial Decree No. Ham. C.06472.HT.01.04.TH2004 dated the 16th March 2004 and Shariah business license issued by the Ministry of Finance through the Minister of Finance Decree No. 214/KM.6/2004 dated the 4th June 2004. The Shariah division was established with an initial capital of IDR10 billion (US$790,002). As of the 31st December 2012, the position of the paid-up capital of the Shariah division has increased to IDR75 billion (US$5.93 million), with total assets of IDR297 billion (US$23.46 million) and equity amounting to IDR202 billion (US$15.96 million).

Roosdiono & Patners

Website: www.zicolaw.co.id

Roosdiono & Partners (a member of ZICOlaw)

Roosdiono & Partners (R&P) is a full-service corporate law firm founded in 1999 by senior consultant Anangga Wardhana Roosdiono, a renowned and respected lawyer with nearly 50 years’ experience. Based in Jakarta, the firm assists leading international and Indonesian corporate clients in diverse fields of industry and commerce, as well as the government. Our partners have won recognition, as leading lawyers and participants in award-winning deals, in Asian legal media.

We are acknowledged for our ability to combine local knowledge with regional insights to develop effective legal solutions. We continue to uphold our commitment to help clients improve business performance and achieve a competitive edge, whether they operate in Indonesia or in the region.

As a member firm of the ZICOlaw network, we provide our clients direct access to a powerhouse of over 300 lawyers in eight of the 10 ASEAN countries. In this we are unique in providing cross-border legal-related services within the same regional network.

Our services
R&P has both Indonesian and ASEAN-relevant skills to provide value-added services to our clients. Our ability to combine a suite of multidisciplinary services into integrated solutions empowers us to tackle the most complex challenges in the country and in the ASEAN region.

 

HUMAN CAPITAL PARTNER

Jardine Human Capital

Website: www.jardinehc.com

LANYARDS SPONSOR

World Vest Base

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

LEAD MEDIA PARTNER

Islamic Finance news

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

STRATEGIC MEDIA PARTNERS

Business Islamica

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.

Capital Business

Website: www.capitalbusiness.me

Capital Business Magazine is a B2B English monthly publication focusing on business best practices and is a publication accredited by the Dubai International Financial Centre (DIFC). It enjoys a sizable footprint in the Middle East on the strength of feature articles contributed by certified financial and business experts, as well as coverage of a broad spectrum of topics including banking, IT, oil & gas, real estate and construction, human capital, risk management, corporate finance and cash management, corporate governance, investments, IPOs, tools of trade and more.

MEDIA PARTNERS

Alpha Southeast Asia

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.

Funds Global Asia

Website: www.fundsglobalasia.com

Kompas.Com

Website: www.kompas.com/

Oxford Business Group

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.

The Business Year

Website: www.thebusinessyear.com/

The Business Year (TBY) is a leading research firm and publisher of annual economic resources on national economies. Present in over 25 countries, TBY provides first-hand access to the people and ideas shaping business and policy throughout the world. Each country-specific edition contains a comprehensive range of interviews and analysis, offering an inside look at doing business in the world’s most dynamic economies. TBY’s interviewees, readers, and partners comprise an international network of thought-leaders who are helping to define the future of the global economy.

 

 

 


LEAD PARTNERS

Bank Muamalat Indonesia
CIMB Islamic

MULTILATERAL STRATEGIC PARTNER

The Islamic Corporation for the Development of the Private Sector (ICD)

ASSOCIATE PARTNERS

BII
Emirates NBD Group

EXECUTIVE PARTNERS

Bank BNI Syariah
Ciptadana
DDCAP
Franklin Templeton Investments
Global Advocates & Legal Consultants
IdealRatings
Ikonsultan Inovatama
OCBC Al Amin
QIIB
Reasuransi Internasional Indonesia (ReIndo)
Roosdiono & Patners

HUMAN CAPITAL PARTNER

Jardine Human Capital

LANYARDS SPONSOR

World Vest Base

LEAD MEDIA PARTNER

Islamic Finance news

STRATEGIC MEDIA PARTNERS

Business Islamica
Capital Business

MEDIA PARTNERS

Alpha Southeast Asia
Funds Global Asia
Kompas.Com
Oxford Business Group
The Business Year