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IFN Indonesia Dialogues 2024

30th September 2024
Four Seasons Jakarta

#IFNEVENTS2024

IFN Indonesia Dialogues Review

IFN Indonesia Dialogues 2024 Review

Indonesia: Embracing a new paradigm – Indonesia is a fascinating phenomenon. For years, the Republic lay asleep on its tremendous demographic potential but in the last decade, it has stirred and awakened its dormant firepower. Fully embracing its status as the world’s most populous Muslim nation, Indonesia is reaping the dividends from its dramatic approach shift, from down-up ...Read More

About The IFN Indonesia Dialogues

Nobody can ignore the phenomenal Islamic finance potential Indonesia holds. The sheer size of the world’s largest Muslim nation has been attracting global attention and the Republic is adeptly harnessing its latent potential, with an impressive top-down approach rivaling the most sophisticated Islamic finance markets, mobilizing resources at a rate not seen anywhere else.

With the President of the Republic at the helm of the National Islamic Finance Committee, numerous new policies and measures have been introduced to catapult itself to become a global center for Islamic finance and Halal economy.

We are excited to return to Jakarta this year with the highly acclaimed IFN Dialogues Series. The high-level IFN Indonesia Dialogues adopts a targeted approach to identify gaps and opportunities in the market to determine best way forward for Indonesia to further internationalize its capabilities with the help of local leaders and international experts.

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Dialogues Agenda

9.15 – 9.20

Welcome Address

9.20 – 9.30

Keynote Address

Dr Arief Wibisono, Assistant of Minister Financial Services and Capital Markets, Ministry of Finance

9.30 – 9.40

Setting the Scene: Drivers of Indonesian Islamic Financial Services

9.40 – 11.40

Dialogue One: Driving Growth – Indonesia’s Islamic Financial Markets

  • What progress have the Shariah compliant financial markets made in Indonesia since we last met?
  • How will interest rates influence domestic Sukuk markets in late 2024 and early 2025, and what opportunities will be on offer for investors?
  • Beyond Sovereign Sukuk, what factors continue to influence the development of the domestic Sukuk and Islamic capital market?
  • What has been the influence of OJK’s regulation on the issuance and requirements for sustainable debt securities and sustainable Sukuk?
  • What is the potential for Sukuk-like Waqf as part of financing for sustainable projects, and municipal Sukuk as financing tools for municipal governments in Indonesia?
  • How can Shariah compliant capital be further deployed towards infrastructure development in Indonesia?
  • Can more be done to supply the local market with high-quality liquid assets, and to what extent would this contribute to building a yield curve unique to Indonesian issuers?
  • To what extent has the domestic Islamic asset management industry achieved differentiation from its conventional peer?
  • How is Gen AI influencing Islamic asset management in areas such as risk mitigation, asset allocation and portfolio modelling, and how should regulators respond?
  • Will Indonesia see diversification of Shariah compliant asset classes in coming years, or indeed, the addition of new asset classes? If so, what form will this take?
  • How can green and sustainability linked Sukuk and other innovations further flourish in Indonesia?
  • How do we continue to develop the process of measuring impact from green and sustainable issuance?

Moderator:

Vineeta Tan, Managing Editor and Director, Islamic Finance news

Panelists:

Dr Adi Budiarso, Head of the Center for Financial Sector Policy, Fiscal Policy Agency, Indonesian Ministry of Finance
Ahsan Ali, Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered Saadiq
Arief Subekti, Executive Vice-President, Head of sharia Business Division, Sarana Multi Infrastruktur
Dr Dadang Muljawan Satria, Executive Director of the Islamic Economic and Finance Department, Bank Indonesia
Dien Sukmarini, Senior Analyst, Directorate of Capital Market and Islamic Capital Market Development, Otoritas Jasa Keuangan – The Financial Services Authority of Indonesia
Elias Moubarak, Partner, Trowers & Hamlins
Dr Fadlul Imansyah, Chief of Executive Board, Badan Pengelola Keuangan Haji
Hakan Ozyon, CEO, Hejaz Financial Services
John Welling, Senior Director Head of Global Equity Indices, S&P Dow Jones Indices
Mahmud Hossain, Managing Director and CEO, Millennium Information Solution
Mohammed Parekh, Managing Director, MRP Premier Group
Dr Rifki Ismal, Director, Bank Indonesia
Ritesh Agarwal, Head of Debt Capital Markets, Investment Banking, Emirates NBD Capital

11.40 – 12.10

Coffee

12.10 – 14.10

Dialogue Two: A New Era For Indonesia - Shariah Banking, Takaful and the Halal Economy

  • How do we assess the likely continuity of policy and regulation to support Shariah banking, Takaful and the Halal economy in Indonesia?
  • How do we increase the awareness, understanding and utilization of Shariah finance, banking and Takaful products in Indonesia?
  • What measures should be implemented to equalise the geographical penetration of Shariah banking and Takaful products in Indonesia?
  • How can the Islamic financial services sector and the Halal Economy further integrate and synergize?
  • Do Islamic financial institutions in Indonesia still face challenges in terms of liquidity creation and liquidity risk management, and what solutions are available?
  • How can Indonesia further deploy Sukuk to support banking and non-banking financial businesses, and the funding of the Halal economy?
  • Where do Shariah compliant corporate, treasury and investment products play a role in the financing and development of the Halal economy?
  • How will Gen AI shape strategy for the provision and distribution of Islamic banking services in Indonesia, and how should regulation evolve in response?
  • How far along the transformation journey are Islamic banks in Indonesia, and what more needs to be done?
  • How do we ensure private and public sector support for Islamic sustainable development in Indonesia?
  • How is climate risk being measured in the banking books of Indonesian Islamic financial institutions?
  • How can minorities be empowered through the application of Islamic finance and Islamic social welfare mechanisms such as Waqf, Zakat and Sadaqah?

Moderator:

Dr Hurriyah El Islamy, CEO and Founder, HGC Firm

Panelists:

Geoff Holmes, Group Chief Strategy Officer, Vemi Ventures
Dr Lisa Listiana, Founder, Waqf Center for Indonesian Development and Studies
Professor Dr Murniati Mukhlisin, Founder and CEO, Sakinah Finance
Dr Nurhastuty Wardhani, Board Member, Institute of Halal Investing
Rahul Sharda, Senior Solutions Consultant, Business Solutions, Temenos
Dr Ramadhan Fitri Ellias, Strategic Programme Director, Maybank Islamic
Dr Sutan Emir Hidayat, Director of Islamic Economy Supporting Ecosystem, National Committee for Islamic Economy and Finance

14.10

Lunch and Networking

Forum Keynote

Dr Arief Wibisono

Dr Arief Wibisono

Assistant of Minister Financial Services and Capital Markets, Ministry of Finance
Dr Arief Wibisono
Dr Arief Wibisono
Assistant of Minister Financial Services and Capital Markets, Ministry of Finance

Dr Arief Wibisono is the Assistant of the Minister for Financial Services and Capital Markets. Dr Arief earned his Bachelor’s degree in Law from Dipenogoro University (1992). Then, he earned a Master of Laws degree in Banking and Financial Law from the School of Law, Boston University, US (2000). In 2014, he earned his Doctorate in Law from the University of Indonesia (2014). He started his career at the Ministry of Finance in 1993. He has previously served as the Head of Division of the Financial Sector and Agreements Laws at the Bureau of Legal Affairs (2008-11) and Head of Division of Governance I at the Bureau of Organization and Governance (2011-17), among other positions. In December 2019, he officially became the adviser to the Secretariat-General for State Asset Management Affairs and was appointed as the Head of the Bureau of Legal Affairs, Secretariat-General Ministry of Finance on the 12th March 2021. On the 17th March 2023, he was assigned to his current position.

Dialogues Speakers

Dr Adi Budiarso

Dr Adi Budiarso

Head of the Center for Financial Sector Policy, Fiscal Policy Agency, Indonesian Ministry of Finance
Dr Adi Budiarso
Dr Adi Budiarso
Head of the Center for Financial Sector Policy, Fiscal Policy Agency, Indonesian Ministry of Finance

Dr Adi has held various executive positions managing cross functional initiatives at the Indonesia Ministry of Finance (MoF) since 2014. He was appointed Head of the Center for Financial Sector Policy in August 2020 after previously serving as Head of the Center for Climate Change and Multilateral Policy.

Prior to joining the Fiscal Policy Agency, Dr Adi served as Head of the Finance Profession Regulator Agency from January 2019 until July 2019 and Human Capital Adviser to the Secretary-General of MoF from November 2018 until January 2019. He was also the Working Secretary of the Indonesia Planning Team for 2018 International Monetary Fund-World Bank Group (IMF-WBG) Annual Meetings in Bali. From September 2014 until November 2018, Dr Adi served as Chief of Organizational Transformation at the Central Transformation Office where he delivered the Human Capital and Digital Transformation initiatives in line with the aspiration to develop a world class MoF in the 21st century.

Ahsan Ali

Ahsan Ali

Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered Saadiq
Ahsan Ali
Ahsan Ali
Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered Saadiq

Ahsan is responsible for Islamic Corporate & Investment Banking globally at Standard Chartered Saadiq, the Bank’s Islamic banking arm. In this role, he oversees the delivery of Islamic banking services to the bank’s clients across multiple geographies and products including financial markets, global credit markets and transaction banking.

Since joining Standard Chartered Bank in March 2004, Ahsan has played a key role in building the bank’s Islamic business from inception and has led several award-winning and industry-defining deals.

Ahsan has 31 years of experience in the financial services industry of which the last 20 years have been in Islamic banking. Prior to joining Standard Chartered, he worked at Citi.

Ahsan holds an MBA from the Indian Institute of Management, Calcutta and a degree in Mechanical Engineering from the Indian Institute of Technology, Delhi.

Arief Subekti

Arief Subekti

Executive Vice-President, Head of shariah Business Division, Sarana Multi Infrastruktur
Arief Subekti
Arief Subekti
Executive Vice-President, Head of shariah Business Division, Sarana Multi Infrastruktur

Arief Subekti is a highly accomplished corporate banker with over two decades of distinguished experience in corporate, project, and sharia finance. He currently serves as Executive Vice President – Head of Sharia Business Division at PT Sarana Multi Infrastruktur (Persero), where he is entrusted with leading the company’s sharia financing strategy and delivering landmark transactions that contribute to Indonesia’s infrastructure and economic development. Throughout his career, Arief has held senior leadership positions at prominent financial institutions, including Maybank Indonesia, Bank of Tokyo-Mitsubishi UFJ, ANZ Indonesia, Bank Mandiri, and Bank BNI. He has successfully originated and executed some of the country’s most notable transactions, including Indonesia’s largest sharia syndication, strategic ECA financings, and milestone M&A deals.

Arief holds an MBA with highest distinction from Institut Teknologi Bandung and a Bachelor’s degree in Electrical Engineering from Brawijaya University. He is also a certified risk management professional and an alumnus of Euromoney’s London School of Project Finance. Widely respected for his expertise, leadership, and integrity, Arief has earned numerous industry accolades in recognition of his contributions to Indonesia’s financial services sector.

Dr Dadang Muljawan Satria

Dr Dadang Muljawan Satria

Executive Director of the Islamic Economic and Finance Department, Bank Indonesia
Dr Dadang Muljawan Satria
Dr Dadang Muljawan Satria
Executive Director of the Islamic Economic and Finance Department, Bank Indonesia

Dr Dadang Muljawan Satria is a highly accomplished economist, strategic planner and central banker with extensive experience in the field of Conventional and Islamic Finance Development. He holds a Bachelor’s degree in Engineering Physics from the Bandung Institute of Technology, a Master’s degree in Finance from PPM Graduate School of Management and a PhD in Economics from Loughborough University, UK. Throughout his career, Dr Dadang has held various positions at the Central Bank of the Republic of Indonesia prior to assuming the role of Executive Director of the Islamic Economic and Finance Department. He has also been involved in numerous strategic initiatives such as the development of the Indonesian Financial System Architecture and the Indonesian Banking Architecture. Dr Dadang’s research interests and policy applications span a wide range of areas including regulatory framework development, financial stability assessment, microfinance and Islamic finance development programs.

In his current role as Executive Director of the Islamic Economic and Finance Department, Dr Dadang is responsible for directing the activities at the department level to support the development of the Islamic economic and financial system in Indonesia. He focuses on three key development pillars: the development of Halal Value Chains, the development of innovative Islamic financial instruments and the formulation of macro-prudential policies applicable to the Islamic financial sector. Dr Dadang is actively involved in conducting policy research activities and has authored numerous research papers and books on topics such as capital adequacy for Islamic banks, risk management and financial stability indicators. He is recognized for his expertise in the field and has been invited to speak at various international conferences and forums. Dr Dadang’s contributions in Islamic economics and finance development have made a significant impact on the industry in Indonesia and beyond.

Dien Sukmarini

Dien Sukmarini

Senior Analyst, Directorate of Capital Market and Islamic Capital Market Development, Otoritas Jasa Keuangan – The Financial Services Authority of Indonesia
Dien Sukmarini
Dien Sukmarini
Senior Analyst, Directorate of Capital Market and Islamic Capital Market Development, Otoritas Jasa Keuangan – The Financial Services Authority of Indonesia

Dien Sukmarini is Division Head of Islamic Capital Market (ICM) Policy Development in the Indonesia Financial Services Authority. Dien has been involved in ICM development for more than a decade. Dealing with ICM development from a regulator’s perspective has led her to have experience in conducting research, establishing roadmaps, drafting regulations, building institutional relations as well as delivering seminars and workshops.

Dien led the establishment of the Islamic Capital Market Roadmap 2015-2019 and Islamic Finance Development Roadmap 2017-2019. Additionally, Dien was the lead author of several publications related to ICM such as ‘Sukuk Handbook’ and ‘Directory of Indonesia Islamic Finance’. Dien is enthusiastic about new issues in ICM development. Last year, Dien led research on an Islamic-ESG index and corporate green Sukuk. Currently, Dien is responsible for a project dealing with the product development of social ICM and the establishment of guidance for SMEs to get funding from the ICM.

Elias Moubarak

Elias Moubarak

Partner, Trowers & Hamlins
Elias Moubarak
Elias Moubarak
Partner, Trowers & Hamlins

Elias is a Partner in Trowers & Hamlins’ International Banking and Finance Department.

Elias has a broad range of experience both in the conventional and Islamic finance spheres. He has significant experience in representing the full spectrum of stakeholders on a range of banking and finance transactions including project financing and real estate financing as well as capital market issuances.

Dr Fadlul Imansyah

Dr Fadlul Imansyah

Chief of Executive Board, Badan Pengelola Keuangan Haji
Dr Fadlul Imansyah
Dr Fadlul Imansyah
Chief of Executive Board, Badan Pengelola Keuangan Haji

Dr Fadlul Imansyah has been the CEO of the Indonesian Hajj Fund Management Agency (known as BPKH) since 2022. He holds a Master’s and Bachelor’s degrees in Management from the University of Indonesia. He is also currently pursuing a PhD in Public Health. Dr Fadlul has been a Certified Islamic Financial Professional from INCEIF Malaysia since 2016 and has a remarkable career spanning over 24 years in the financial industry in both private and governmental sectors. He started his career in the financial industry in 1999 and later served as a Deputy Director of Treasury and Investment at the Government Social Security Agency in Healthcare from 2017 to 2019 continuing his career as the Director of Shariah and Fixed Income at Principal Asset Management Indonesia from 2019 to 2022. He also served as Chief Investment Officer at Avrist Asset Management in 2022 and is a Lecturer at the Faculty of Economics, University of Indonesia until present.

Geoff Holmes

Geoff Holmes

Group Chief Strategy Officer, Vemi Ventures
Geoff Holmes
Geoff Holmes
Group Chief Strategy Officer, Vemi Ventures

Geoff is a senior strategy professional with over 18 years of experience developing strategies for multinational financial services providers, challenger banks and fintech corporations. As Chief Strategy Officer, he is responsible for setting group-wide strategy, driving international growth and leading key projects.

Geoff held senior positions at Barclays, First Abu Dhabi Bank and Oliver Wyman. At First Abu Dhabi Bank and Barclays he led business strategy, customer and analytics functions. At Oliver Wyman he advised major banks, private equity businesses and governments across EMEA on key strategic issues.

Hakan Ozyon

Hakan Ozyon

CEO, Hejaz Financial Services
Hakan Ozyon
Hakan Ozyon
CEO, Hejaz Financial Services

Hakan Ozyon’s role as CEO at Hejaz Financial Services involves setting strategic paths and forming financial alliances. With over 30 years of experience in business, he is known for leading innovative strategies and nurturing talent. He is adept at unlocking potential, promoting growth and increasing revenue. Hakan has deep ties in both the Islamic and broader Australian communities, enhancing business operations and setting corporate goals. Notably, he has spent a decade transforming visions into pioneering Islamic financial services. He is respected globally for his business acumen.

Dr Hurriyah El Islamy

Dr Hurriyah El Islamy

CEO and Founder, HGC Firm
Dr Hurriyah El Islamy
Dr Hurriyah El Islamy
CEO and Founder, HGC Firm

Dr Hurriyah El Islamy is the CEO and founder of the company HGC Firm. She previously served as an Executive Board Member of Badan Pengelola Keuangan Haji, an independent sovereign agency empowered by law to manage the Indonesian Hajj pilgrim funds. She was named as one of the most active Islamic finance activists by Bank Indonesia and has global experience in Islamic finance, having served as the director for CIMB Group, responsible for all its Islamic businesses.

After serving Kuwait Finance House Bahrain as the Head of its Compliance and Anti-Money Laundering Department and as its legal counsel, Dr Hurriyah assumed the role as the Director of Capinnova Investment Bank, an Islamic investment arm of the Bank of Bahrain and Kuwait.

Dr Hurriyah remains active in the Islamic finance industry; she is the Islamic finance adviser to the Astana International Finance Centre, a board member and strategic adviser to Islamic Fintech Alliance and is also listed as an International Monetary Fund expert in Islamic finance and capital markets. She has a Bachelor of Laws (Hons) degree, a Master’s degree in Corporate Law and a PhD.

John Welling

John Welling

Senior Director Head of Global Equity Indices, S&P Dow Jones Indices
John Welling
John Welling
Senior Director Head of Global Equity Indices, S&P Dow Jones Indices

John Welling is Head of Global Equity Indices at S&P Dow Jones Indices (S&P DJI), where he leads the global equities team in overseeing, promoting and developing S&P DJI’s extensive portfolio of global indices including the S&P Global BMI, S&P World Index, S&P Global 1200 and various regional benchmarks as well as S&P DJI’s established and growing sustainability index offerings.

With a background in structured products and a Bachelor’s degree in Business Management from BYU, John became a member of the S&P DJI team in 2017 and brings a broad perspective to his role. Outside of work, John enjoys snow skiing, trail running, bicycling and spending time with family.

Dr Lisa Listiana

Dr Lisa Listiana

Founder, Waqf Center for Indonesian Development and Studies
Dr Lisa Listiana
Dr Lisa Listiana
Founder, Waqf Center for Indonesian Development and Studies

Dr Lisa Listiana is the Founder of the Waqf Center for Indonesian Development and Studies (WaCIDS) and Falah Financial. She is currently a Lecturer in the Faculty of Economics and Business in Universitas Indonesia and a Coordinator of the Green Waqf Project. She pursued her PhD at the IIUM Institute of Islamic Banking and Finance (IIiBF) with full scholarship from the Indonesia Endowment Fund for Education (LPDP). She has a strong passion and research interest in Waqf, and has presented papers related to Waqf and Islamic finance in national and international conferences. She was named the ‘Best Talent of LPDP’ in 2017. Some of her papers related to Waqf and Islamic finance were awarded Best Paper in the 4th Annual Islamic Finance Conference (AIFC), in the Hajj Financial Management Agency (BPKH) Call for Paper 2018 and in the Shariah Economic and Finance Forum (FREKS) Call for Paper 2018. She holds a Master’s degree in Accounting from Universitas Indonesia with full scholarship.

Previously, she worked as an accountant for four years in ExxonMobil, an auditor in Ernst and Young, and a postdoctoral fellow in the National Research and Innovation Agency (BRIN) Indonesia.

Mahmud Hossain

Mahmud Hossain

Managing Director and CEO, Millennium Information Solution
Mahmud Hossain
Mahmud Hossain
Managing Director and CEO, Millennium Information Solution

Mahmud has been working as the Managing Director and CEO of Millennium Information Solution since the inception of the company. He is involved in managing and leading a group of professionals to design and market software development projects for the local as well as international market. He was the main designer of the first version of MISL’s flagship product ‘Ababil’, which is a complete solution for Islamic banking and finance following Shariah principles. Mahmud’s untiring journey against Riba made ‘Ababil’ one of the most promising cloud certified Islamic CBSs with two decades of domain maturity.

He leads the development and implementation of Millennium’s corporate marketing initiatives as well as corporate strategy and business plan. With applied knowledge in IT spanning over 30 years, Mahmud addresses the business domain as well as the technical aspects of customers’ problems. Previously, he has worked as Technical Manager for medium to large national and international projects. He also served as a Consultant to many multinational corporations as well as handled numerous projects in reputed international companies.

Mohammed Parekh

Mohammed Parekh

Managing Director, MRP Premier Group
Mohammed Parekh
Mohammed Parekh
Managing Director, MRP Premier Group

Mohammad Parekh is the Founder and Managing Director of MRP Premier Group, a leading real estate advisory firm based in London. He also serves as the CEO and Founder of Akhlaq Capital, a Shariah compliant real estate fund. Mohammed has over 17 years of experience in the real estate industry, specializing in investment and development acquisition, project management and affordable housing. He holds a BSc in Geography with Business and an MSc in International Real Estate and Planning from University College London. Under Mohammed’s leadership, MRP Premier Group advises a diverse clientele, including private and public sector organizations, on a wide range of real estate projects. The firm has a strong focus on inward investment into the UK and outbound investment for its global network of high-net-worth individuals, primarily from the Middle East and Far East. Mohammed founded Akhlaq Capital to provide ethical and Shariah compliant investment opportunities in the real estate market. Akhlaq Capital focuses on generating income and capital growth through strategic investment in real estate assets and select development opportunities in key markets such as London, Jakarta, Abu Dhabi and Kuala Lumpur.

Professor Dr Murniati Mukhlisin

Professor Dr Murniati Mukhlisin

Founder and CEO, Sakinah Finance
Professor Dr Murniati Mukhlisin
Professor Dr Murniati Mukhlisin
Founder and CEO, Sakinah Finance

Murniati Mukhlisin is the Founder and CEO of Sakinah Finance, and a professor at Tazkia University in Bogor, Indonesia, where she formerly served as Rector. With deep expertise in Islamic accounting, she holds degrees from International Islamic University Malaysia (Bachelor), University of Indonesia (Master), University of Glasgow, UK (PhD), and a second PhD in Al-Qur’an and Tafseer from PTIQ University, Indonesia. Her professional journey includes diverse roles in banking, IT, and consultancy, with experience at institutions such as Unibank Jakarta, Ernst & Young Kuala Lumpur, ANSI Sdn. Bhd and LPPM Tazkia. She has also been affiliated with the University of Glasgow and served as a lecturer and researcher at the University of Essex in the UK. Through Sakinah Finance, she has championed Islamic financial literacy worldwide, delivering talk shows, training, and consultancy across more than 22 countries, reaching close to 100,000 individuals, including over 8,000 people with disabilities, and collaborating with numerous institutions. Her mission is to integrate shariah principles into everyday financial practices, making Islamic finance and economics more accessible, inclusive, and family-friendly around the world.

Dr Nurhastuty Wardhani

Dr Nurhastuty Wardhani

Board Member, Institute of Halal Investing
Dr Nurhastuty Wardhani
Dr Nurhastuty Wardhani
Board Member, Institute of Halal Investing

Dr Nurhastuty is a distinguished academic and author with a PhD in Finance from the University of Queensland. An alumna of INCEIF, she is recognized for her expertise in strategic management, Islamic finance and accounting. Dr Nurhastuty has published several influential books, including ‘Think Strategy’, ‘The Power of Dreams and Discovering Knowledge”, and ‘Kaya dan Berkah dengan Perencanaan Keuangan Syariah’ or ‘Islamic Financial Planning’, which target businesses of all sizes, from SMEs to large corporations.

Her work often centers around empowering businesses through innovative strategies, focusing on the intersection of finance and sustainability. Recently, she successfully organized an international seminar on ERP and AI, showcasing empirical findings and fostering global collaboration.
Dr Nurhastuty is developing a business plan and strategy for the Institute of Halal Investing, reflecting her commitment to ethical and impactful financial practices. Her diverse roles include moderating international sessions, mentoring master’s students and contributing to the global dialog on business excellence.

Dr Nurhastuty has been a speaker at various international forums held at Seoul National University, University of Sydney, UNSW, Bond University, IFN Australia, IFN Indonesia and Politecnico di Milano. She was also an internal speaker at the Directorate General of State Assets (DJKN) of the Ministry of Finance and KNEKS. She wrote an opinion piece in The Conversation Indonesia, one of the recommendations adopted by the Ministry of Finance of the Republic of Indonesia regarding the increase in income tax for the rich.

Rahul Sharda

Rahul Sharda

Senior Consultant, Business Solutions, Temenos
Rahul Sharda
Rahul Sharda
Senior Consultant, Business Solutions, Temenos

Rahul leads Solutions Consulting for Temenos in The Philippines, Cambodia and Brunei. At Temenos, together with his team, he brings Temenos’s suite of solutions from banking, cloud, back office, front office and fintech solutions to uniquely solve today’s banking modernization needs. With over 17 years of extensive experience in the Asia Pacific banking industry, and a solution-oriented individual with strategic thinking and deep people skills, he consults leading banks across the Asia Pacific with technologically advanced solutions. He is a keen observer of how leading technological trends across the globe are impacting regional banks in Asia, with a strategic focus on Islamic Banking and Financial Crime Management.

Dr Ramadhan Fitri Ellias

Dr Ramadhan Fitri Ellias

Strategic Programme Director, Maybank Islamic
Dr Ramadhan Fitri Ellias
Dr Ramadhan Fitri Ellias
Strategic Programme Director, Maybank Islamic

Dr Ramadhan has been Director, Strategic Programme at Maybank Group Islamic Banking since 2022. He started his career in Maybank in 2009 as Manager in Islamic Markets. Within the Maybank Group, he led key roles in various business segments including Islamic capital market (Sukuk and Shariah compliant), strategy, Shariah and product management.

A reputable Shariah specialist in the Islamic finance industry with over 16 years of experience, Dr Ramadhan demonstrates extensive experience including in matters relating to retail, business and corporate banking, treasury, debt market, equity markets and asset management within Maybank Group.

He holds a PhD in Law of Islamic Finance from SOAS University of London, UK. He is a graduate of University of Malaya with a Bachelor of Shariah (1st Class) and also holds a Master’s degree in Islamic Studies from the International Islamic University of Malaysia.

Dr Rifki Ismal

Dr Rifki Ismal

Director, Bank Indonesia
Dr Rifki Ismal
Dr Rifki Ismal
Director, Bank Indonesia

Rifki Ismal is an Adjunct Professor at INCEIF University (Malaysia) and Director in Bank Indonesia (central bank of Indonesia). He has been a central banker for 26 years appointed in various departments and was awarded the best central bank employee in 2017. As an academics, he is a lecturer in more than 17 universities, amongst all are University of Indonesia, Tazkia Institute and, IPB and was a visiting lecturer in Strasbrough University (France). Since 2002, he has published 76 academic papers in reputable international journals (21 are scopus), books and chapter contributors of reference books published by international publishers such as John Wiley and Sons (USA), Springer (Europe and USA), Routledge (Europe and USA), Edinburgh Press (UK), ISRA (Malaysia), supervised 147 both master and PhD students and examined 96 thesis/dissertations.

As a researcher, he was a visiting researcher in Bank for International Settlement (BIS) in 2006 and as the global scholar in the field, he was an Assistant Secretary General (top management) of the Islamic Financial Service Board (IFSB) (2020-2022) a standard setting body with 188 members including 82 central banks from 57 countries, headquarter in Kuala Lumpur. Lately, he was one of the founding members (4 persons) of Cash Awqaf Linked Sukuk (CWLS) project which was awarded the IsDB prize for the most Impactful Achievement in Islamic Economics in 2023. Besides central banker, academics and global scholar, he is a member of the Indonesia National Sharia Board (DSN) – National Ulama Council since 2017. He got a bachelor degree in economics from University of Indonesia, master in applied economics from University of Michigan, ann arbor (USA) and PhD in Islamic finance from Durham University (England).

Ritesh Agarwal

Ritesh Agarwal

Head of Debt Capital Markets, Investment Banking, Emirates NBD Capital
Ritesh Agarwal
Ritesh Agarwal
Head of Debt Capital Markets, Investment Banking, Emirates NBD Capital

Ritesh joined the DCM team at Emirates NBD Capital in September 2014. Previously, he worked at Bank of America Merrill Lynch, Mumbai office in the Capital Markets team where he helped numerous issuers raise both equity and debt.

He is currently responsible for the origination, structuring and execution of debt capital markets solutions (conventional and Islamic) for clients across sovereigns, supranationals, financial institutions and corporates. He has helped clients across GCC, Asia and Africa raise over US$50 billion across senior secured, unsecured and hybrid instruments in public/private formats.

Ritesh holds an MBA from the Indian Institute of Management, Ahmedabad (India).

Dr Sutan Emir Hidayat

Dr Sutan Emir Hidayat

Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)
Dr Sutan Emir Hidayat
Dr Sutan Emir Hidayat
Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)

Dr Sutan Emir Hidayat is currently the Director of the Islamic Economy Supporting Ecosystem at the National Committee for Islamic Economy and Finance, the Republic of Indonesia. During 2019-2020, he was the Director of Education and Research at the National Committee for Islamic Finance. Prior to that, Dr Sutan was an Associate Professor and the Head of the Business School at the University College of Bahrain. He is actively engaged in academic research within his field and has presented several research papers at reputable international conferences such as the 11th Harvard University Forum on Islamic Finance at Harvard Law School, Massachusetts, in the US; and the Gulf Research Meeting at the University of Cambridge in the UK, among others. He was listed in ISFIN’s Islamica 500 directory as one of the top 500 influential personalities on a global scale from 2015 to 2020. ISFIN is a leading advisory firm for Islamic markets. Dr Sutan obtained both his MBA and PhD in Islamic Banking and Finance from the International Islamic University Malaysia.

Vineeta Tan

Vineeta Tan

Managing Editor and Director, Islamic Finance news
Vineeta Tan
Vineeta Tan
Managing Editor and Director, Islamic Finance news

Vineeta Tan is Managing Editor and Director of REDmoney Group, one of the world’s longest-running Islamic finance media houses. Vineeta oversees REDmoney Group’s stable of products including Islamic Finance news, IFN Fintech and Islamic Sustainable Finance & Investment. With over a decade of experience in the journalism and publishing industry, Vineeta specializes in ethical and Islamic finance as well as fintech reporting and analysis covering regions including the Middle East, Asia, Africa and Europe. As managing editor of IFN, Vineeta leads the editorial direction and business development of IFN and its sister publications in addition to authoring reports, producing podcasts and conducting video interviews. She has interviewed senior industry players, key stakeholders and senior dignitaries including the finance/economic ministers of the Ivory Coast, Sri Lanka and the Maldives. Vineeta is a regular on the international conference circuit as both a moderator and speaker. She has an MBA and is trained in Journalism and Sociology. Vineeta also holds the Islamic Finance Qualification awarded by the Chartered Institute for Securities & Investments, UK.

Advisory Board

Afdhal Aliasar

Afdhal Aliasar

Director of Halal Product Industry, National Islamic Economics and Finance Committee (KNEKS)
Afdhal Aliasar
Afdhal Aliasar
Director of Halal Product Industry, National Islamic Economics and Finance Committee (KNEKS)

Afdhal Aliasar is an Islamic economy and finance practitioner who is also an Islamic philanthropist. He is now a director of the Halal industry in the National Committee for Islamic Economy and Finance, Republic of Indonesia.

After acquiring his degree from the Faculty of Engineering in Universitas Indonesia on 1997, Afdhal started his professional career in the banking industry by joining Executive Management Training at Bank Niaga. Later on, he continued his career joining Citibank, while also pursuing a Master’s degree on strategic management at Prasetiya Mulya Business School. He was entrusted to establish a subsidiary, Citigroup Securities Indonesia, in the Citigroup global market.

Afdhal’s interest in Islamic finance and Islamic economy made him pursue the industry by continuing to explore knowledge and expertise in various places, including a Master of Islamic Finance Practice qualification from INCEIF Malaysia, Durham University UK and the Islamic Finance Qualification from the Chartered Institute of Securities and Investment, UK. In 2016, Afdhal established Pengelola Aset Islami Indonesia, and as a founding director he directly takes part in various Islamic economy development and Islamic business projects that are directly associated to the real economy sector. Afdhal is the founder and chairman of Yayasan Wakaf Produktif Pengelola Aset Islami Indonesia.

Dwi Irianti Hadiningdyah

Dwi Irianti Hadiningdyah

Director of Sharia Social Finance, the National Committee for Islamic Economy and Finance
Dwi Irianti Hadiningdyah
Dwi Irianti Hadiningdyah
Director of Sharia Social Finance, the National Committee for Islamic Economy and Finance

Dwi Irianti Hadiningdyah is the director of Islamic finance and carries out formulation and implementation of SBSN portfolio management policies, SBSN asset management, market intelligence in preparing recommendations for SBSN issuance and Fatwas and Shariah opinions in SBSN issuance. She also directs the management activities of Perusahaan Penerbit SBSN Indonesia (including Indonesia I, II, and III) as SPVs and others. In addition, she is the director of Islamic finance in charge of compiling norms, standards, procedures and criteria, as well as providing technical guidance and evaluation in the field of Shariah financing.

Dwi Irianti works in the Directorate of Islamic Finance and is (ex officio) the president director of Perusahaan Penerbit SBSN Indonesia (SPV). She was a member of the legal drafting team of the Law on Government Islamic Securities/Sukuk Negara, Law on Islamic Banking and Law on Financial Services Authority of Indonesia. Other than that, she currently serves as the head of education and socialization at the Association of Indonesian Islamic Economists.

Additionally, Ibu Dwi Irianti is the Team Leader of the First Winner of the IsDB Competition on Impactful Achievement in Islamic Economy 2023

Dwi Irianti holds a Bachelor of Law degree from Diponegoro University, a Master of Arts degree in economics from the University of Delaware in the US and the Executive Training Islamic Finance Leadership Programme qualification from Cambridge University.

Erwin Noekman

Erwin Noekman

Executive Director, Asosiasi Asuransi Syariah Indonesia (Indonesian Takaful Association)
Erwin Noekman
Erwin Noekman
Executive Director, Asosiasi Asuransi Syariah Indonesia (Indonesian Takaful Association)

Erwin Noekman is a chartered insurance practitioner awarded by Chartered Insurance Institute (UK). He has served more than two decades in the reinsurance and re-Takaful industry, not only in Indonesia, but also in London (UK), Labuan (Malaysia) and Riyadh (Saudi Arabia).

Graduating with an MBA from the University of Liverpool (UK), Erwin also holds a Bachelor of Engineering degree from Trisakti University and several professional designations such as Associateship from Chartered Insurance Institute; (Cand) Fellowship from Malaysia Insurance Institute; Associateship from AAMAI; and Associateship from Islamic Insurance Society. Erwin is also a certified qualified risk governance professional.

Currently, Erwin is the executive director at Indonesia Takaful Association and is also acting as the executive director at Indonesia Insurance Council. He is also the chairman at Media Asuransi (insurance news and magazine), the chairman at Indonesia Insurance Foundation (successor to Marzuki Usman) and a director at LSP Perasuransian Syariah.

Erwin is a regular contributor to international publications and magazines. He has also been assigned as the Otoritas Jasa Keuangan external examiner for the fit and proper test for key persons of companies.

Farouk Abdullah Alwyni

Farouk Abdullah Alwyni

Chairman, Center for Islamic Studies in Finance, Economics, and Development (CISFED) and Vice Rector, Binawan University
Farouk Abdullah Alwyni
Farouk Abdullah Alwyni
Chairman, Center for Islamic Studies in Finance, Economics, and Development (CISFED) and Vice Rector, Binawan University

Farouk Abdullah Alwyni is both an Islamic finance practitioner and a lecturer. He spent most of his Islamic finance career in the Jeddah-based IsDB headquarters handling IsDB trade finance operations in many Asian and CIS countries (1998–2007). Prior to running Alwyni International Consulting in 2012, Farouk was a member of the executive management of Al-Ijarah Indonesia Finance (a multi-finance company owned jointly by Bank Muamalat Indonesia (BMI) and Gulf-based Islamic financial institutions) and BMI. He was also one of the country correspondents for Kuala Lumpur based-Islamic Finance news (2012–17), and continues to contribute articles to IFN until now.

Farouk has been on London-based Chartered Institute for Securities and Investment’s Authorized Training Partner list since 2012 and Chartered Institute of Management Accountants (also London-based)’s Islamic Finance Associate list since 2018. He has also been on the 2016, 2017 and 2018 lists of ISLAMICA 500 — a collection of individuals considered influential in the development of the Islamic economy. Farouk speaks and writes about finance, economics and development in a variety of events and publications. He also now serves in the advisory board of the Central Board of Indonesian Association of Islamic Economists. Starting in June 2022, he has been assigned as the vice-rector of Jakarta-based, health-focused Binawan University.

Irwan Abdalloh

Irwan Abdalloh

Head of Islamic Capital Market Division, Indonesia Stock Exchange
Irwan Abdalloh
Irwan Abdalloh
Head of Islamic Capital Market Division, Indonesia Stock Exchange

He has been working at the Indonesia Stock Exchange since 2000 and began to focus on developing the Islamic capital market since 2010. Currently, he is head of Islamic capital market at the Indonesia Stock Exchange and also member of Islamic capital market committee at the National Sharia Board of Indonesia. In addition, he is also as a vice chairman of the Islamic capital market commitee at the Islamic Economy Society, member of Islamic capital market committee at the Islamic Economics Expert Association, and member of sharia stock selection committee. He is an originator of Sharia Capital Market School, an integrated training on stock investment in the Islamic capital market; the Indonesia Sharia Stocks Index (ISSI), an islamic stock composite index; the Sharia Online Trading System (SOTS), the world’s first sharia compliant online trading platform for retail investors, and the tradable sharia stocks zakat and the tradable sharia stocks waqf. He was the first Indonesian to receive the Cambridge Islamic Finance Leadership Award 2017 from Cambridge IFLP headquartered in London, England, and Upcoming Personality in Global Islamic Finance (Islamic Capital Market) 2020 from Global Islamic Finance Award (GIFA). In 2022, he also has been chosen from GIFA to receive GIFA Advocacy Award (Islamic Capital Market). He is active as speaker about the Indonesian islamic capital market and also a post-graduate lecturer in Islamic capital market courses at several universities in Indonesia. He is also actively writing articles about the Islamic capital market and a regular contributor in the Islamic Finance News as a country correspondent since 2018. He is an author of two books about Islamic Capital market written in Indonesian.

Dr Sutan Emir Hidayat

Dr Sutan Emir Hidayat

Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)
Dr Sutan Emir Hidayat
Dr Sutan Emir Hidayat
Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)

Dr Sutan Emir Hidayat is currently the Director of the Islamic Economy Supporting Ecosystem at the National Committee for Islamic Economy and Finance, the Republic of Indonesia. During 2019-2020, he was the Director of Education and Research at the National Committee for Islamic Finance. Prior to that, Dr Sutan was an Associate Professor and the Head of the Business School at the University College of Bahrain. He is actively engaged in academic research within his field and has presented several research papers at reputable international conferences such as the 11th Harvard University Forum on Islamic Finance at Harvard Law School, Massachusetts, in the US; and the Gulf Research Meeting at the University of Cambridge in the UK, among others. He was listed in ISFIN’s Islamica 500 directory as one of the top 500 influential personalities on a global scale from 2015 to 2020. ISFIN is a leading advisory firm for Islamic markets. Dr Sutan obtained both his MBA and PhD in Islamic Banking and Finance from the International Islamic University Malaysia.

Dialogues Partners

MULTILATERAL STRATEGIC PARTNERS

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

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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

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The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)

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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.

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International Islamic Trade Finance Corporation

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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

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IsDB Group Business Forum (THIQAH)

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The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitates contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging the IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.idbgbf.org)

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STRATEGIC PARTNERS

PARTNERS

Emirates NBD Capital

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Emirates NBD Capital (EMCAP) is the global investment banking arm of Emirates NBD Group. The company has successfully led the execution of several landmark transactions across the GCC, Turkey, India, China, and Indonesia. EMCAP recently raised over USD 20 billion for Saudi issuers across both bond and sukuk formats, supporting sovereign wealth funds, leading banks, and corporates. Since 2022 EMCAP has held the top position in leading UAE IPOs as Global Coordinator, raising over USD 12bn for its clients during this period. EMCAP is now the partner of choice for UAE issuers, with 100% market share of IPOs on the DFM, as a Global Coordinator and Lead Receiving Bank. EMCAP is known for its innovation and execution excellence. Its status as a top-ranked local ECM house and regional DCM house is reflected in its top 5 ranking in the CEMEA DCM League Tables 2024.

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Hejaz

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Hejaz is a leading financial institution that delivers a broad range of Islamic financial services across investment management, superannuation services, financial advice and lending to a large and diversified client base that includes corporations, financial institutions and individuals.

Founded in 2014, the firm is headquartered in Melbourne, Australia and maintains a presence all around the world.

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IdealRatings

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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.
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Maybank Islamic

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Maybank Islamic is the Islamic banking subsidiary of Malaysia’s largest banking group, Malayan Banking (Maybank). As at the 31st December 2023, our total assets stood at about US$76 billion, making us the largest Islamic bank in ASEAN and one of the top five in the world. Maybank Islamic ranked as No 5 in the Global Sukuk League and No 2 in Bloomberg’s Ringgit Malaysia Sukuk League Table in December 2023.

As at the 31st March 2024, Islamic financing constituted 69.3% of Maybank Malaysia’s total loans and financing while Maybank Islamic took lead in the market share of Islamic assets in Malaysia at 29.4%.

Maybank Islamic offers a range of Islamic financial products and services across more than 354 Maybank touchpoints in Malaysia, as well as in international operations in Dubai, Indonesia, Singapore, Hong Kong, London and Labuan.

Maybank Islamic is committed to continuously providing meaningful Shariah-based financial solutions and strengthening the bank’s commitment in its sustainability agenda. This will be done by not only embedding Shariah values and principles into its products and services, but also through continuous engagement with local and global stakeholders to steer the sustainability conversation within the bank and industry.

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S&P Dow Jones Indices

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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/.

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Sarana Multi Infrastruktur (PERSERO)

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Sarana Multi Infrastruktur (SMI) was established on the 26th February 2009 as a state-owned enterprise under the coordination of the Ministry of Finance. As a catalyst for the acceleration of national development, SMI runs its business through three pillars, which are (1) funding and investment — financing for infrastructure projects, (2) advisory services — solutions to the needs of professionals and experts in the infrastructure sector, and (3) project development — assistance for a government contracting agency in preparing public–private partnership project schemes.

SMI has various functions and unique features to support the acceleration of national development, not only through conventional financing products but also through Shariah financing products. In 2017, SMI introduced and established a Shariah business unit to accommodate Shariah financing and investment needs, as well as Shariah consultation services, to build a Shariah ecosystem within the financial industry that focuses on infrastructure and national development.

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Trowers & Hamlins

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Trowers & Hamlins is an international law firm with over 150 partners and more than 900 people located across the UK, the Middle East and the Far East providing a full-service integrated offering to clients with local knowledge and expertise at its core.

Our distinguishing feature is that with 25 years of experience in the UK and the Middle East, we have a depth of knowledge of the Islamic finance industry that covers the entire spectrum from regulatory and corporate governance to capital market issuances and real estate investment. Our international team of multidisciplinary specialists will guide you on structuring your Shariah compliant activities to help you achieve a successful outcome.

With our growing office in Kuala Lumpur, our team now advises on Islamic investments, financings and products across the UK, Europe, the Middle East and Southeast Asia.

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STANDARDS AND KNOWLEDGE PARTNER

LEAD MEDIA PARTNERS

Islamic Finance news

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Islamic Finance news (IFN) is the company’s principal publication. IFN is a digital, subscription-based publication available online and through smartphone and tablet applications. Published weekly, the journal provides exclusive and comprehensive coverage of the global Islamic financial markets through in-house analysis and expert external contributions; in addition to a daily news service, additional quarterly supplements and a variety of special annual issues.

Differentiated by trusted relationships across the industry since 2004, IFN is able to leverage an unrivalled network of contacts and connections to provide unparalleled insight into the issues affecting global Shariah compliant markets: along with in-house analysis, news, interviews, reports, industry and sector data, and much more.

With an archived website containing over 80,000 exclusive reports, the IFN portfolio also hosts a suite of proprietary tools including the industry’s largest interactive terminology glossary, a directory of over 9,000 global Islamic financial institutions and a portal to Islamic Banking Intelligence, the most comprehensive source of segmented Islamic banking financial data.

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IFN Fintech

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Fintech is one of the most exciting sectors of the global financial industry, breaking boundaries and challenging preconceptions in one of the shake-ups of the century. A new class of financial players is disrupting the status quo – and financial institutions must embrace this change or face being left behind as the financial landscape transforms beyond recognition.

But although fintech as a whole has been well-served by the media, the Islamic segment has so far made limited penetration on public consciousness – despite the enormous potential it represents for the industry. There is a clear chasm between the multitude of pioneering entrepreneurs, start-ups and fintech firms making waves in the Islamic space; and the interested investors, institutions and stakeholders keen to explore these opportunities.

Recognizing this information gap, IFN is delighted to introduce to you a bespoke multi-channel platform – IFN FinTech.

Comprised of four tranches, IFN FinTech is a one-stop-shop for industry knowledge, networking and communication – supported by our unrivaled global network, our strong social media platform and our trusted multimedia Islamic finance offering.

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IFN Sustainable

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IFN Sustainable, comprises a dedicated portal, weekly news alert, audio and video podcasts, interviews, data, exclusive reports, case studies, research, virtual roundtables, and hybrid forums. With a focus on the latest news and developments, IFN Sustainable is also be a pivotal platform for thought leadership and the launch of new products and services within the industry. IFN Sustainable also partners with some of the leading organizations associated with the Islamic and sustainable finance industry, providing holistic coverage.

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IFN Investor

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The Islamic investment industry is a fastgrowing and dynamic sector within the Islamic finance space, with a ballooning pool of assets under management, reflecting a rapidly increasing demand for Islamic investment products.

Yet this increased demand has not been matched by increased activity in the media space.

And, although IFN has been reporting on the Islamic investment market for almost 20-years, we noticed we could do more and decided to rectify this imbalance.

After extensive research and surveying of the global Islamic investor industry on what they would like to see, we have designed and built a one stop portal for all those involved or interested in the local, regional, and global Shariah compliant investment market.

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MEDIA PARTNERS

Syariah Saham Indonesia

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Syariah Saham Indonesia is the only stock community in Indonesia that exclusively invests in Shariah compliant stocks and investment instruments, such as Sukuk, Shariah deposits, Shariah mutual funds, and Shariah crowdfunding.

With a vision to popularize Shariah stocks and Shariah compliant investing and a mission to help the Indonesian community achieve their financial goals through Shariah compliant investments, the organization offers an educational platform through its website and social media channels that provide comprehensive information on Islamic investments.

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IFN Monthly Review: June – Welcoming new Islamic banks

Several jurisdictions took major steps toward expanding their Islamic banking ecosystems this week, with developments ranging from new licenses and...

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Indonesia: Consolidating the Islamic finance industry

Home to the largest Muslim population in the world (around 237 million people, or approximately 86.7% of the total…

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Sovereign Securities: Indonesia raises more than US$1 billion from retail Sukuk series

Indonesia successfully raised more than US$1 billion from its retail Sukuk series, while Saudi Arabia closed…

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Indonesian telecommunications company prepares to launch second phase of Sukuk issuance program

Bali Towerindo Sentra (Bali Tower), a telecommunications tower and fixed-broadband provider…

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The Previous IFN Indonesia Dialogues

IFN Indonesia Dialogues 2023

Long referred to as the sleeping giant of Islamic finance, Indonesia is asleep no more and is blazing the trail for Shariah compliant finance and economy.

The world’s most populous Muslim nation is aggressively harnessing its latent potential, with an impressive top-down approach rivaling the most sophisticated Islamic finance markets, mobilizing resources at a rate not seen anywhere else. With the President of the Republic at the helm of the National Islamic Finance Committee, numerous new policies and measures have been introduced to catapult itself to become a global center for Islamic finance and Halal economy.

Armed with a clear vision, robust measures, detailed multi-pronged and comprehensive Islamic economic masterplan, Indonesia has catapulted itself to the global stage with significant progress, and it has only touched the tip of the iceberg.

The introduction of pioneering instruments such as cash Waqf Sukuk and digital retail Sukuk as well as the tripartite merger of state-owned banks which culminated in an Islamic megabank, Bank Syariah Indonesia, are a few examples of how the Republic is breaking barriers to take its place on the global Islamic finance stage.

After 14 years of hosting the IFN Indonesia Forum, IFN is excited to bring the exalted IFN Dialogues Series to Jakarta in 2023. The high-level IFN Indonesia Dialogues will adopt a targeted approach to identify gaps and opportunities in the market to determine best way forward for Indonesia to further internationalize its capabilities with the help of local leaders and international experts.

Full Details

About REDmoney Events

REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.

REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cuttingedge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.

The annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007, respectively. The Dialogues series have also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events.

In 2024, we welcome the IFN Investor Forums, which coincide with the new IFN Investor portal.

For any inquiries contact us

Our team will be glad to answer any questions you may have about this event.

Contact Us

About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

Our Publications

  • Islamic Finance news
  • IFN Investor
  • IFN Sustainable
  • IFN Fintech

Recent Tweets

Islamic Finance News @ifn_news ·
18 Jul

We are pleased to welcome Yiow Chong Tan, Director – Southeast Asia, Jersey Finance, to the speaker line-up for the IFN Investor Asia Forum 2025, taking place in Securities Commission Malaysia on 25th September 2025.

FREE registrations now open: https://redmoneyevents.com/event/ifninvestorasia2025/

Islamic Finance News @ifn_news ·
18 Jul

We are pleased to welcome Adam Knight, Head of Funds and Indirect Real Estate – London, Bedell Cristin, to the speaker line-up for the IFN Investor Asia Forum 2025, taking place in Securities Commission Malaysia on 25th September 2025.

Islamic Finance News @ifn_news ·
18 Jul

Somalia began formalizing its Takaful sector, while Kuwait, Pakistan & Saudi Arabia issued new Islamic capital market guidelines.

Here are the top news of the industry this week, by IFN.

To read full article: https://www.islamicfinancenews.com/ifn-weekly-round-up-12th-18th-july-2025.html

Islamic Finance News @ifn_news ·
18 Jul

We are proud to welcome Jersey Finance as Partner for IFN Investor Asia Forum 2025.

This event will take place on 25th September 2025 at Securities Commission Malaysia.

FREE registrations now open: https://redmoneyevents.com/event/ifninvestorasia2025/

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