28th & 29th September 2020, Mandarin Oriental Hotel, Kuala Lumpur
28th & 29th September 2020, Mandarin Oriental Hotel, Kuala Lumpur
Anchoring big players like Malaysia and Indonesia, the Asian Islamic capital market has been leading the global industry, not only in size, but also in innovation and diversification. The sophisticated infrastructure of Malaysia is a hallmark of excellence globally, the immense potential of Indonesia’s population and its flourishing sovereign Sukuk market remains captivating to many and the phenomenal market expansion rates in Pakistan and Bangladesh are widely envied. Together, along with various other newcomers like the Maldives and Sri Lanka – which is looking to issue a sovereign Islamic paper – the Asian continent is expected to be at the forefront of the global Shariah compliant debt and equity markets by leveraging advanced and sophisticated regulations, and attracting masses of global investors into the region to subsequently build its rapport with other regions. IFN will return to Kuala Lumpur with its prestigious IFN Asia Forum, a twoday event with a renewed focus on issuers and investors on the 28th & 29th September 2020.
09:00
Welcome
09:15
Keynote Address
Adnan Zaylani, Assistant Governor, Bank Negara Malaysia
09:30
Return to Factory Settings: The Opportunities for a Back-to-Basics Approach and How Islamic Finance Can and Will Flourish
The world has changed. How our industry – global Islamic banking, finance and investment – chooses to respond to these changes may be a generation defining moment. How can Islamic finance mobilize to address the imminent challenges of the real economy and provide not just liquidity support, but solvency support to the vital SME and corporate sector? Can Islamic finance use this opportunity to become truly responsible, inclusive and ethical? How can we as an industry ensure this is substance over form on a permanent basis? What opportunities do the UN Principles for Responsible Banking offer Islamic financial institutions, and what obligations and responsibilities to their stakeholders are placed on those institutions? How can the core values of Islamic finance be further applied to sustainable and socially responsible finance and investment strategies? We ask a respected panel for a roadmap to success for Islamic banking, finance and capital markets.
Panelists:
Ahmad Shahriman Mohd Shariff, CEO, CIMB Islamic
Angelia Chin-Sharpe, CEO and Country Head, BNP Paribas Asset Management
Dr Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board (IFSB)
Michael Orzano, Senior Director, Global Equity Indices, S&P Dow Jones Indices
10:45
Coffee & Networking
11:15
Keynote Address
Muhamad Umar Swift, CEO, Bursa Malaysia
11:30
Putting Islamic Finance to Work: Sustainable, Humanitarian & Green Initiatives
In the shadow of COVID-19, what role can social, pandemic and disaster recovery bonds play and how can Islamic finance solutions feature? How can Sustainable Development Goal 3 – promoting health and wellbeing – be made an achievable priority and what do SDG bonds, and potentially SDG Sukuk, offer? Beyond credit, what types of new vehicles will begin to feature in the financing of sustainable, social, humanitarian projects and what do Islamic finance structures offer? Are ratings, reporting, regulatory frameworks and screening technologies among the most significant changes facing sustainable finance today, and how has the sector responded? Where are the latest touch-points between Islamic finance and green and sustainable initiatives and where will we see the examples of overlap and cooperation?
Panelists:
Katherine Lim, Manager, Sustainable Finance Engagement, WWF-Malaysia
Mohd Suhaimi Abdul Hamid, CEO, Standard Chartered Saadiq
Sharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, Securities Commission Malaysia
12:20
Southeast Asia Leading the World: Building The Halal Economy
How large, potentially, is the Halal economy, both domestically and internationally? What are the prime sectors and opportunities available in this exciting sector? How do we undertake effective value chain analysis of the Halal economy, what role does technology play and how have recent market challenges changed our industry? Are companies in the Halal economy exclusively using Islamic financial services, and if not, why? How do Islamic financial institutions position themselves to offer effective financing through trade and export finance, Takaful, SME banking, treasury and other key financial services? How can Islamic capital markets and Sukuk also play a meaningful role in the financing and development of the Halal economy? We explore this vital and dynamic sector.
Panelist:
Joann Enriquez, CEO, Investment Account Platform
13:10
Luncheon
14:10
Managing and Navigating Uncertainty: Islamic Capital Markets, Funding and Sukuk
We ask an expert panel to examine spreads, pricing and ratings and identify what factors drive these in the short to medium term in Southeast Asia. How will external factors such as business sentiment, consumer behavior and fluctuating oil prices continue to influence credit fundamentals as well as issuer access to capital markets? In what ways will Sukuk play a prominent role in funding governments, corporates and projects? What innovation might we see in regional Islamic capital markets going forward and what structures offer issuers flexibility and efficiency? In times of stress and volatility, do Sukuk offer some semblance of stability? Will coming months see significant levels of debt restructuring and refinancing? We seek the thoughts of industry leaders.
Panelist:
Roslan Ahmad, Chief Representative, DDGI
15:15
IFN Fintech Huddle: What’s Hot and What’s Not in Tech and Finance?
How is technology playing a role in today’s Shariah compliant corporate, investment banking, capital markets and Islamic wealth management sectors? Where is disruption and disintermediation taking place in the capital raising process and what do FinTechs have to offer in terms of innovation? What disruption is taking place in the SME funding sector in particular? What are the challenges for new, high-growth technology companies and do they offer sufficient scale to be a major threat to the traditional financial services players? Where and how can FinTech play a meaningful role in key Islamic social financial activities such as Takaful, Zakat and Waqf?
Panelists:
Bikesh Lakhmichand, CEO, 1337 Ventures
Hammam Radwan, Co-Founder, Credent Capital
Mahmud Hossain, Managing Director and CEO, Millennium Information Solution
Norhizam Kadir, Vice-President, Fintech and Islamic Digital Economy, Malaysia Digital Economy Corporation (MDEC)
16:30
End of Day One, Coffee & Networking
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Forum Sponsors
LEAD PARTNER
CIMB Islamic
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 PARTNERS
The Islamic Corporation for the Development of the Private Sector (ICD)
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: [email protected]
Website: www.icd-ps.org
The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)
Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries.
The ICIEC’s mission is to make trade and investment between member countries and the world more secure through the Shariah compliant risk mitigation tool. Its vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries.
The ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compliant insurance and reinsurance solutions.
Today, the ICIEC supports trade and investment flows in 47 member countries spanning across Europe, Asia, the Middle East and Africa. Its target clients are corporates (both exporters and investors), banks and financial institutions as well as export credit agencies and insurers.
International Islamic Trade Finance Corporation
The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. It was established with the purpose of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Earning an ‘A1’ rating from Moody’s Investors Service reflects the ITFC’s efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.
Since 2008, the ITFC has provided more than US$40.2 billion of trade financing to OIC member countries, making it the leading provider of trade solutions for the needs of OIC member countries. With a mission of being a catalyst for trade development among OIC member countries and beyond, the ITFC helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
Contact us at:
Twitter: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en
STRATEGIC PARTNER
Capital Markets Malaysia
As part of its mandate to develop the capital market, the Securities Commission Malaysia (SC) set up the Capital Markets Promotion Council in 2012 to strengthen its internationalization agenda for Malaysia’s capital market. In 2014, the SC launched Capital Markets Malaysia (CMM) to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market via a comprehensive and integrated approach to increase international participation and enhance opportunities for Malaysian capital market intermediaries.
PARTNERS
Bond Pricing Agency Malaysia (BPAM)
Bond Pricing Agency Malaysia is the world’s only specialist in ringgit-denominated bonds.
We were incorporated under the Malaysian Companies Act 1965 as Bondweb Malaysia on the 27th September 2004.
After meeting and exceeding the requirements as outlined in the Guidelines on the Registration of Bond Pricing Agencies, we were registered as a bond pricing agency by the Securities Commission on the 28th April 2006.
We changed our name to Bond Pricing Agency Malaysia (BPAM) on the 15th September 2008. The name reflects BPAM’s key role in the Malaysian financial market which we carry out to this day, further strengthening our position by focusing on our core business — evaluated bond pricing.
BPAM now stands as the premier source of evaluated prices and data for the Malaysian fixed income market.
Since 2005, we have built an enviable reputation of independence, accuracy and service. With more than a 100 clients across the globe, we are the first choice for fund managers, dealers, brokers and risk managers alike.
Through strict compliance with our own internal processes and standards, and those of market regulators, our independence and objectivity remain the hallmarks of our work.
As an important part of market infrastructure, we have a national development agenda which underpins all that we do. BPAM remains committed to employing our expertise to help take the Malaysian bonds and Sukuk markets to greater heights in collaboration with market participants and stakeholders alike.
Codebase Technologies
Codebase Technologies builds modern digital banks, developing application programming interface-driven technologies to deliver new customer experiences. Supporting institutions with cloud-agnostic digital-ready solutions, it operates as a research and development think tank that enables any business to pursue their ambitions for a seamlessly integrated, lifestyle-enhancing digital financial experience at a fraction of the time and cost.
Its highly robust and scalable open architecture framework and flagship platform ensemble, Digibanc™, the most comprehensive one-stop shop ‘bank in a box’, gives Codebase Technologies the key to unlock the true potential of the new-era digital financial ecosystem.
With solutions encompassing customer onboarding, middleware, payments, asset management and channel deployments, Codebase Technologies provides the expertise that allows your business to focus on what’s important — the customer.
Codebase Technologies operates across ASEAN, the GCC and Australia, providing proprietary technology products and advisory services to institutions looking to challenge the next digital frontier.
DDCAP Group
Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP is a leading provider of asset facilitation services and financial technology and system solutions across a diverse range of Shariah compliant products, asset classes and instruments in both the primary and secondary markets. DDCAP’s wholly-owned subsidiaries include DD&Co and DDGI. 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, focused principally on providing service to Islamic financial market participants around the world. DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait. DDCAP’s multi-award-winning Shariah compliant ETHOS Asset Facilitation Platform is 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.
Eiger
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:
- ETP Retail – A 24/7 STP platform designed to automate the end-to-end commodity Murabahah transactions underpinning retail banking products such as deposits, loans, CASA, credit cards
- ETP Client Reach – A bespoke middle and back office module designed to streamline Islamic treasury and derivative transactions, including execution and documentation with our clients’ clients.
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.
IdealRatings
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.
Millennium Information Solution FZ
We are a global software solution provider with over two decades of experience in designing, developing, deploying and marketing software suites to enhance your business process and efficiency. Millennium has established itself as a consistent and reliable software company through its commitment and dedication toward quality, innovation and customer satisfaction. The company positions itself globally through software development, consultancy services and three flagship products.
- Ranked as one of the top 10 global Islamic banking solution providers by Gartner of the US since 2011.
- Ababil of Millennium is now certified by ISRA Consultancy for being Shariah compliant with AAOIFI, AAFA, MWL, IFSB, BNM standards.
- Global Finance Magazine ranked Ababil of Millennium as one of the award winners under ‘The Innovators 2016 — Islamic Finance’ category.
- Millennium has been awarded the IFFSA Award in 2017 (Silver) and 2018 (Gold) and is considered as the best solution provider in the region.
S&P Dow Jones Indices
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.spglobal.com/spdji/.
LANYARD SPONSOR
Codebase Technologies
Codebase Technologies builds modern digital banks, developing application programming interface-driven technologies to deliver new customer experiences. Supporting institutions with cloud-agnostic digital-ready solutions, it operates as a research and development think tank that enables any business to pursue their ambitions for a seamlessly integrated, lifestyle-enhancing digital financial experience at a fraction of the time and cost.
Its highly robust and scalable open architecture framework and flagship platform ensemble, Digibanc™, the most comprehensive one-stop shop ‘bank in a box’, gives Codebase Technologies the key to unlock the true potential of the new-era digital financial ecosystem.
With solutions encompassing customer onboarding, middleware, payments, asset management and channel deployments, Codebase Technologies provides the expertise that allows your business to focus on what’s important — the customer.
Codebase Technologies operates across ASEAN, the GCC and Australia, providing proprietary technology products and advisory services to institutions looking to challenge the next digital frontier.
