43
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.

 

Agenda

09:15– 09:30 Welcome Remarks
09:30 – 10:30 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 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
10:30 – 10:50 Onstage Interview: Visions for a New Generation of Highly-capitalized, High-performance Islamic Banks in Indonesia
We ask a senior regulator and a banking leader to give their views on what's needed to improve Islamic banks' performance and governance.
10:50 – 11:20 Coffee Break
11:20 – 12:00 Developing the Islamic Asset Management Industry in Indonesia
BPKH will be 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: Monem Salam — President and Executive Director, Saturna
Syed Mashafuddin Syed Badarudin — CEO, CIMB-Principal Islamic Asset Management
12:00 – 12:40 Sukuk, Capital Markets and Ratings in Indonesia
What do the listing of Islamic bank stocks on JSX mean for the industry and what more can be done to allow Islamic financial institutions easier access to capital? What is the latest view towards the development of the domestic Sukuk market? We also discuss the issues such as the Shariah-compliance of tradable debt instruments, ratings, and the development and deepening of domestic Islamic secondary markets.
Panelists: Chung Chee Leong CEO, Cagamas
Mohamad Safri Shahul HamidSenior Managing Director and Deputy CEO, CIMB Islamic
12:40 – 14:00 Luncheon
14:00 – 14:30 The Indonesian Commercial and Corporate Sector: What Options does Islamic Finance Offer?
What needs to be done to develop this vital sector and what can Islamic finance offer? How can Islamic banks better position themselves to serve the Indonesian corporate market, including government-linked corporations? What role does technology potentially play in the development of financing solutions for corporate customers in the republic?
Panelist: Abdul Aleem Habeeb Corporate and Structured Finance Manager, Asia, Islamic Trade Finance Corporation
14:30 – 14:40 Presentation
14:40 – 15:10 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?
Panelists: Ashraf ArshadFinancial Sector Specialist, World Bank Group
Masumi HamahiraAdvisor – Islamic Banking Window, MUFG Bank
15:10 – 15:40 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 learnt? Do Public-Private Partnerships offer a viable model and what role does Sukuk play?
Panelists: Edwin SyahruzadDirector, Sarana Multi Infrastruktur
Iman RachmanFinance Director, PT Pelabuhan Indonesia II
15:40 – 16:20 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 do the development of smart contracts and Blockchains mean for Islamic banking in the region? We analyse opportunities and threats as well as likely industry shifts and developments in product and delivery channels.
Panelists: Abdul RahmanManaging Director, Abdul Rahman Law Corporation
Dima DjaniCEO, ALAMI
Muhammad AssadCo-Founder and CEO, Tamasia
16:20 Close and Refreshments