days to go
Date: 1st October 2018 Venue: Four Seasons Hotel, Jakarta

Indonesia is an Islamic finance giant waiting to be awakened, and events from recent years have indeed stirred the world’s most populous Muslim nation awake. Under the leadership of President Joko Widodo, the government has upped the ante raising its Islamic finance game to a whole new level propped up by a slew of new regulations and initiatives. Armed with a strong political will, the Republic has a firm grip on its title as a world-class Sukuk contender, issuing more sovereign Sukuk than any other nations globally.

And the Southeast Asian giant, with over 225 million Muslim citizens, is resolute in broadening its Islamic finance repertoire beyond Sukuk: equipped with a new 10-year Islamic finance national masterplan, a dedicated national Shariah finance committee headed by the president himself and a new Hajj fund agency, Indonesia is working on elevating other segments of its Islamic finance industry including banking, insurance and asset management. All these while the Republic is concurrently liberalizing its financial sector to usher in foreign dollars onto its shores.

Nevertheless, the country recognizes that there are several bumps in its journey to realizing its true Islamic finance potential. These include getting the corporate sector to actively participate in Islamic finance, potential hiccups in spinning off Islamic banking and Takaful windows over the next few years as well as bureaucratic inertia and the absence of more efficient tax laws.

But Indonesia is ready to take this challenge head-on: gathering regulators, senior decision-makers and international players, IFN Indonesia Forum 2018 will continue the phenomenal success of 2017 as the foremost event to discuss, debate and discover emerging opportunities, issues and potential solutions for Indonesia’s Shariah finance industry.



09:15 – 09:30 Welcome Remarks
09:30 – 10:35 Islamic Finance and Banking in Indonesia: 2018 and onwards 
With the emergence of BPKH as a notable regional player, recent significant capital-raising exercises and impressive asset growth rates from domestic Islamic banks, the continued efforts of the National Committee on Islamic Finance, the embrace of fintech and the development of the Islamic capital markets, there is much to discuss in Indonesian Islamic finance. We ask the industry’s elite to share their views on local and regional developments – including regulation – that will influence the development of Islamic finance in the Republic.
Moderator: Hurriyah El Islamy — Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Panelists: Irwan AbdallohHead of Islamic Capital Market Division, Indonesia Stock Exchange
Luky AlfirmanDirector-General of Budget Financing and Risk Management, Ministry of Finance of the Republic of Indonesia
Mohammad Farrukh Raza — Managing Director, IFAAS
Mohammed KateebGroup Chairman and CEO, Path Solutions
Shamzani HussainManaging Director and Head of Global Islamic Banking, FAB Siraj
10:35 – 11:05 Coffee Break
11:05 – 11:45 Developing the Islamic Asset Management Industry in Indonesia
BPKH will be a hugely important institutional investor and its emergence is a significant boon for the local asset management industry. What does BPKH’s entrance mean for Shariah compliant investment in Indonesia and what more needs to be done to develop this important sector?
Panelists: Arsad ThinoonExecutive Director, Amundi Islamic Malaysia
Endang Astharanti — Director, Mandiri Manajemen Invetasi
Gunanta AfrimaDirector, Syailendra Capital
Monem Salam — President and Executive Director, Saturna
Syed Mashafuddin Syed Badarudin — CEO, CIMB-Principal Islamic Asset Management
11:45 – 12:25 Sukuk, Capital Markets and Ratings in Indonesia
What does the listing of Islamic bank stocks on IDX mean for the industry and what more can be done to allow Islamic financial institutions easier access to capital? What is the latest view toward the development of the domestic Sukuk market? We also discuss issues such as the Shariah compliance of tradable debt instruments, ratings, the development and deepening of domestic Islamic secondary markets and the potential for Waqf in capital market transactions.
Moderator: Qudeer LatifPartner (Global Head of Islamic Finance), Clifford Chance
Panelists: Chung Chee Leong CEO, Cagamas
Mohamad Safri Shahul HamidSenior Managing Director and Deputy CEO, CIMB Islamic
Muhammad Gunawan YasniMember of National Shariah Board, Indonesian Council of Ulemas
Muhammad Touriq — Deputy Director, Sharia Capital Market Directorate, Financial Services Authority - Indonesia
12:25 – 14:00 Luncheon
14:00 – 14:40 Green, Sustainable and Responsible Finance and Investment in Indonesia 
With Indonesia setting benchmarks through the issue of the industry’s first green Sukuk, there is significant local and regional interest in responsible finance and investment. What’s the latest regulatory and standard-setting position with regards to the sector? What is needed to make green finance and socially responsible investment mainstream and can sectors such as infrastructure potentially benefit from its growth?
Moderator: Lawrence Oliver — Director and Deputy CEO, DDCAP
Panelists: Abdul Aleem Habeeb Corporate and Structured Finance Manager, Asia, Islamic Trade Finance Corporation
Ashraf ArshadFinancial Sector Specialist, World Bank Group
Kanya SatwikaPartner, Assegaf Hamzah & Partners
Masumi HamahiraAdvisor – Islamic Banking Window, MUFG Bank
14:40 – 15:15 Infrastructure Finance and the Role of Islamic Financial Institutions in Indonesia
Building the nation's roads, railways and ports offers a huge opportunity for Islamic financial institutions. What are the priorities for the development of infrastructure finance in Indonesia? What models could feasibly be imported from other countries and what lessons could be learned? Do Public-Private Partnerships offer a viable model and what role does Sukuk play?
Moderator:  Indri P GuritnoPartner, Hadiputranto, Hadinoto & Partners
Panelists: Agung WiryawanPartner, PwC Indonesia
Edwin SyahruzadDirector, Sarana Multi Infrastruktur
Hilda SavitriManaging Director, Chief Investment Officer, Indonesia Infrastructure Finance
15:15 – 16:00 Preparing for the Future: Financial Technology in Indonesia
What is the present status of Indonesian FinTech regulations and what does the advancement of technology mean for financial institutions in Indonesia? What does the development of smart contracts and blockchains mean for Islamic banking in the region? We analyze opportunities and challenges as well as likely industry shifts and developments in product and delivery channels.
Moderator: Vineeta Tan — Editor, IFN Fintech
Panelists: Abdul RahmanManaging Director, Abdul Rahman Law Corporation
Dima DjaniCEO, ALAMI
Matthew J Martin — Founder and CEO, Blossom Finance
Muhammad AssadCo-Founder and CEO, Tamasia
Ronald WijayaCountry Head (Indonesia), Ethis Group and CEO, Ethis Indonesia
16:00 Close and Refreshments






CIMB Islamic


The Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)
International Islamic Trade Finance Corporation
The Islamic Solidarity Fund for Development (ISFD) IDB Group Business Forum (THIQAH)  


Abdul Rahman Law Corporation (ARLC)
The Chartered Institute of Management Accountants (CIMA)
First Abu Dhabi Bank (Asia)
Islamic Finance Advisory & Assurance Services
The Perth Mint
Samuel Aset Manajemen
Sarana Multi Infrastruktur (PERSERO)
World Gold Council


AZP Legal Consultants


Islamic Finance news
IFN Corporate


AlHuda Centre of Islamic Banking and Economics
Alpha Journal
Asia First
CMO Asia
Dunia Fintech.com
Focus Economics
ICO Holder
Middle East Business Magazine & News
Oxford Business Group
SME Magazine
The SME Times





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