Date: 27th August 2019
Venue: Shangri-La Hotel, Jakarta
Attendees: 402
Speakers: 40 Speakers
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About The Event
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. Armed with a strong political will, the Republic has a firm grip on its title as a worldclass 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.
Forum Agenda
09:00 – 09:10
Welcome Remarks
09:10 – 09:30
Keynote Address
Arif Baharudin, Assistant of Minister for Financial Services and Capital Market Policy and Regulation, Ministry of Finance, Republic of Indonesia
09:30 – 09:50
Keynote Address
Rifki Ismal, Deputy Director, Head of Islamic Economic Cooperation Division, Department of Islamic Economics, Bank Indonesia
09:50 – 11:00
Unlocking the Future of Islamic Finance
The Islamic finance industry needs innovation and differentiation from its conventional counterparts to further their market share. Markets around the world have started acknowledging the importance of the financial sector in promoting sustainable growth particularly the Islamic finance industry. The initiative by the Indonesian government by issuing the world’s first sovereign green Sukuk is a testament to the commitment of sustainable financing. Islamic finance is pivoting toward not only catering on Shariah compliant products and services but also aligning them with the UN Sustainable Development Goals. In addition, the rise of fintech and techfin companies is disrupting the business of existing financial institutions. We ask a high-level panel to share their views on how to unlock the future of Islamic finance.
Moderator:
Elias Moubarak, Partner, Trowers & Hamlins
Panelists:
Dr Adnan Chilwan, Group CEO, Dubai Islamic Bank
Afdhal Aliasar, Director, Komite Nasional Keuangan Syariah (National Committee of Islamic Finance)
Mohamad Safri Shahul Hamid, Senior Managing Director and Deputy CEO, CIMB Islamic
Mulya Siregar, Chief Commissioner, Bank Syariah Mandiri
Qasim Aslam, Partner, Dentons
11:00 – 11:30
Coffee & Networking
11:30 – 12:10
Low Carbon Developments and Bankable Green Projects
Indonesia is one of the world’s largest emitters of greenhouse gases (GHG) that cause global warming. To curb that, Indonesia laid out the Low Carbon Development Framework (LCDF) last year to promote climate-resilient economic growth. We analyze the challenges in financing low-carbon developments, the examples of innovative projects in Indonesia, green Sukuk and Waqf-linked Sukuk for funding sustainable and environmentally responsible projects and explore the opportunities available in Islamic finance.
Moderator:
Ashraf Gomma Ali, Regional Head, Shariah Advisory and Governance/Positive Impact and Responsible Banking, CIMB Islamic
Panelists:
Enda Ginting, Assistant Deputy, Office of the President of the Republic of Indonesia
Farouk Abdullah Alwyni, Chairman, Center for Islamic Studies in Finance, Economics and Development
Dr Mohamad Ikhsan Modjo, Faculty Member, Senior Lecturer at Department of Finance BINUS Indonesia
Nurhastuty Wardhani, Board Member, Institute of Halal Investing
12:10 – 12:30
Keynote Interview:
Interviewer: Vineeta Tan, Managing Editor, Islamic Finance News
Interviewee: Dr Sutan Emir Hidayat, Director of Islamic Financial Education and Research, Komite Nasional Keuangan Syariah (National Committee of Islamic Finance)
12:30 – 13:15
Leading Institutions Discuss Funding and Capital-Raising Options
We examine funding in key sectors, projects and industries and ask what represents effective corporate finance and capital-raising strategies across multiproduct areas and markets. What do corporates want and what can Islamic finance offer? How can the Indonesian GLC sector further employ and benefit from Islamic funding options? We ask a high-level panel to share their expertise and views.
Moderator:
Vineeta Tan, Managing Editor, Islamic Finance News
Panelists:
Irwan Abdalloh, Head of Islamic Capital Market Division, Indonesia Stock Exchange
Muhammad Touriq, Deputy Director, Sharia Capital Market Directorate, Financial Services Authority, Indonesia
Prashant Gokarn, CEO, DigiAsia Bios
Shaiful Kamarul, Senior Country Manager, Indonesia, Islamic Corporation for the Insurance of Investment and Export Credit
Simon Chen, Vice-President – Senior Analyst, Financial Institutions Group, Moody’s Investors Service
13:15 – 14:00
Lunch and Networking
14:00 – 15:00
Financial Technology in Indonesia: Driving Change and Innovation
How is technological innovation and digitization driving evolution in the Indonesian financial services industry? In what ways is technology disrupting how money is raised and managed? What opportunities do technologies such as blockchain and smart contracts offer financial institutions? Finally, how can technology drive and promote financial inclusion in Southeast Asia?
Moderator:
Vineeta Tan, Managing Editor, Islamic Finance News
Panelists:
Aditia Kinarang Mokoginta, CEO, Biido Crypto Exchange
Ahmad Fakih Ijtihadi, Head, Risk Management, Mandala Multifinance, Indonesia
Hanaa Mouazen, Branch Manager, AttijariWafa Bank
Robin Lee, CEO and Co-Founder, HelloGold
15:00 – 15:10
Presentation: Exporting the Indonesian Success into Strategic Markets of CIS – Geo-Economic Collaboration for Sustainable Growth of Islamic Green Finance
Sheikh Bilal Khan, Chief Islamic Finance Officer, Astana International Financial Centre
15:10 – 16:20
Outlook and Opportunities for Islamic Investments
Where is the market today for Islamic investments? Which sectors will growth originate? Does the industry need to become more aligned to ESG/SRI? How are institutional investors tackling ESG risks in their portfolios? Through an engaging panel we seek answers.
Moderator:
Ariff Sultan, Regional Director (APAC), IdealRatings
Panelists:
Arwani Pranajaya, Mirae Asset Sekuritas Indonesia
Fadlul Imansyah, Head of Fixed Income, Principal Asset Management
Dr Hurriyah El Islamy, Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
John Welling, Associate Director, Global Equity Indices, S&P Dow Jones Indices
Roslan Ahmad, Chief Representative, DDGI
16:20
Closing Remarks
FORUM KEYNOTES
Arif Baharudin
Assistant of Minister for Financial Services and Capital Market Policy and Regulation, Ministry of Finance, Republic of Indonesia
Rifki Ismal
Deputy Director, Head of Islamic Economic Cooperation Division, Department of Islamic Economics, Bank Indonesia
Forum Speakers
Dr Adnan Chilwan
Group CEO, Dubai Islamic Bank
Aditia Kinarang Mokoginta
CEO, Biido Crypto Exchange
Afdhal Aliasar
Director, Komite Nasional Keuangan Syariah (National Committee of Islamic Finance)
Ahmad Fakih Ijtihadi
Head, Risk Management, Mandala Multifinance, Indonesia
Ariff Sultan
Regional Director (APAC), IdealRatings
Arwani Pranajaya
Mirae Asset Sekuritas Indonesia
Ashraf Gomma Ali
Regional Head, Shariah Advisory and Governance/Positive Impact and Responsible Banking, CIMB Islamic
Elias Moubarak
Partner, Trowers & Hamlins
Enda Ginting
Assistant Deputy, Office of the President of the Republic of Indonesia
Fadlul Imansyah
Head of Fixed Income, Principal Asset Management
Farouk Abdullah Alwyni
Chairman, Center for Islamic Studies in Finance, Economics and Development
Hanaa Mouazen
Branch Manager, AttijariWafa Bank
Dr Hurriyah El Islamy
Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Irwan Abdalloh
Head of Islamic Capital Market Division, Indonesia Stock Exchange
John Welling
Associate Director, Global Equity Indices, S&P Dow Jones Indices
Dr Mohamad Ikhsan Modjo
Faculty Member, Senior Lecturer at Department of Finance BINUS Indonesia
Mohamad Safri Shahul Hamid
Senior Managing Director and Deputy CEO, CIMB Islamic
Muhammad Touriq
Deputy Director, Sharia Capital Market Directorate, Financial Services Authority, Indonesia
Mulya Siregar
Chief Commissioner, Bank Syariah Mandiri
Nurhastuty Wardhani
Board Member, Institute of Halal Investing
Prashant Gokarn
CEO, DigiAsia Bios
Qasim Aslam
Partner, Dentons
Robin Lee
CEO and Co-Founder, HelloGold
Roslan Ahmad
Chief Representative, DDGI
Shaiful Kamarul
Senior Country Manager, Indonesia, Islamic Corporation for the Insurance of Investment and Export Credit
Sheikh Bilal Khan
Chief Islamic Finance Officer, Astana International Financial Centre
Simon Chen
Vice-President – Senior Analyst, Financial Institutions Group, Moody’s Investors Service
Dr Sutan Emir Hidayat
Director of Islamic Financial Education and Research, Komite Nasional Keuangan Syariah (National Committee of Islamic Finance)
Vineeta Tan
Managing Editor, Islamic Finance News
Advisory Board
Afdhal Aliasar
Director, Komite Nasional Keuangan Syariah (National Committee for Islamic Finance)
Dima Djani
Founder and CEO, ALAMI Sharia
Erwin Noekman
Executive Director, Asosiasi Asuransi Syariah Indonesia (Indonesian Takaful Association)
Fadlul Imansyah
Head of Fixed Income, Principal Asset Management
Farouk Abdullah Alwyni
Chairman, Center for Islamic Studies in Finance, Economics and Development
Herwin Bustaman
Director, Shariah Business Unit, PermataBank
Dr Hurriyah El Islamy
Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Jamil Abbas
Head of Islamic Financial Inclusion, Komite Nasional Keuangan Syariah (National Committee for Islamic Finance)
Masumi Hamahira
Executive Advisor, Islamic Banking Window, MUFG Bank (Malaysia)
Forum Sponsors
LEAD PARTNERS
MULTILATERAL & INSTITUTIONAL PARTNERS
PARTNERS
BADGE & LANYARD SPONSOR
MEDIA PARTNERS
Last Visit to 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.
I wish to thank you and your team for another successful event. It was very well organized and the conference went well. Our session, in particular, would have been informative and interesting to the audience due to the diverse background of the speakers and topics raised. I must commend the moderator for doing an excellent job in steering the different speakers and varying the areas of discussion.
Syed Mashafuddin Syed Badarudin
CEO, CIMB-Principal Islamic Asset Management
Thank you very much for the opportunity to join the forum and I look forward to participating in the next event.
Irman Boyle
Head of Advisory, Indonesia Infrastructure Finance
Congratulations on the success of IFN Indonesia. We had good speakers from OJK and MOF, etc.
It was a nice event.
Masumi Hamahira
Advisor, Islamic Banking Window, MUFG Bank
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.
