30th September 2024
Four Seasons Jakarta
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About The 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.
Hosting extended panel discussions is an excellent idea. Topics can be discussed fully, often with panelists asking questions of each other, allowing deeper insights to emerge from the discussion. A great initiative.
The IFN Dialogues are a great opportunity to bring together key players in the industry to discuss critical topics for the development of the financial markets and the economy.
It was a very insightful session with practical issues faced by issuers, regulators and masters being discussed beyond academic discussion. It was thought provoking and insightful.
An Introduction to 2024
In 2023 we returned to a full in-person program, with record numbers at many of our events – a sign of normality returning to the events industry.
For 2024 we have curated a fantastic lineup consisting of our regular leading events, a return to some markets after a short hiatus, and the introduction of two intriguing Islamic investment events.
We run a mixture of Forums and Dialogues throughout the year, depending on what each market responds best to. Essentially, they’re very similar, with only the structure of the discussion being different. For a partner, there’s no difference.
Our focus remains on delivering the best experience possible for delegates, speakers and partners.
What to look out for in 2024:
- Awards Ceremonies: The IFN Awards are the most coveted in the industry and our two Awards Ceremonies in Dubai and Kuala Lumpur continue to gather the elite form the Islamic finance world.
- Investor Forums: New for 2024, these two large-scale Forums in Dubai and Kuala Lumpur coincide with the launch of our new IFN Investor platform and will provide the perfect setting to discuss and debate the rapidly developing global Islamic investment space.
- UK Forum: Europe’s largest, longest running and most influential Islamic finance event will again return to the glorious Mansion House, under the patronage of the Lord Mayor of London. A truly global event, with key focusses on investment flows, sustainable, product development and Fintech.
- Oman Forum: This is the only annual international Islamic finance event in the stunning Sultanate, and one not to miss if Oman is on your radar. Full regulatory support, and all local banks and intermediaries are in attendance.
- Qatar Dialogues: In partnership with the Qatar Financial Centre, we’ll continue the discussion on the development of Islamic finance in the State and its important role in the global markets.
- Asia Forum: Our flagship event, the IFN Asia Forum is the largest Islamic finance focused event anywhere. Covering all markets and sectors in the region, if Asia is in your plans, this event is a must.
- Indonesia Dialogues: Still the world’s largest Muslim population with massive potential, this is the only international Islamic finance event in the island nation. Opportunities are rife and we’re now witnessing seismic changes in the Islamic finance landscape.
- Turkiye Dialogues: Returning to Istanbul with a physical event for the first time since 2019, we’ve been following from afar the phenomenal growth and development of the Islamic finance industry in the Republic. There’s much to discuss and we’d be delighted if you joined us.
- Saudi Arabia: Saudi Arabia remains the world’s largest Islamic finance center and an important market for IFN. This marks our 12th KSA event where we'll be discussing and debating how the Kingdom can build on its dominance and the role Islamic finance will play towards Saudi Vision 2030.
- Bahrain: Rounding off the year again in beautiful Bahrain for the World Islamic Finance Dialogues, we’ll be reviewing the year just past, previewing the year ahead and discussing the global industry at large.
As always, all Forums will be recorded and posted online for all to view, and all events will be complemented by a comprehensive Post Event Review. .
We’re excited for the new year and look forward to welcoming you to our events and assisting in the continued global growth of the Islamic financial markets.
#IFNEVENTS2024
Dialogues Agenda
9.15 – 9.20
Welcome Address
9.20 – 9.30
Keynote Address
Dr Suminto Sastrosuwito, Director General of Budget Financing and Risk Management, Ministry of Finance of the Republic of Indonesia
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?
Vineeta Tan, Managing Editor and Director, Islamic Finance news
Panelists:Ahsan Ali, Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered Saadiq
Dr Adi Budiarso, Head of the Center for Financial Sector Policy, Fiscal Policy Agency, Indonesian Ministry of Finance
Amer Bukvić, Director and Resident Representative, Islamic Development Bank (IsDB) Regional Hub Indonesia
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
Sylvi J Gani, Financing and Investment Director, Sarana Multi Infrastruktur
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?
Dr Hurriyah El Islamy, CEO and Founder, HGC Firm
Geoff Holmes, Group Chief Strategy Officer, Ethos Ventures
Dr Lisa Listiana, Founder, Waqf Center for Indonesian Development and Studies
Associate Professor Dr Murniati Mukhlisin, Founder, Tazkia Halal Center
Dr Nurhastuty Wardhani, Board Member, Institute of Halal Investing
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 Suminto Sastrosuwito
Director General of Budget Financing and Risk Management, Ministry of Finance of the Republic of IndonesiaDialogues Speakers
Dr Adi Budiarso
Head of the Center for Financial Sector Policy, Fiscal Policy Agency, Indonesian Ministry of FinanceAhsan Ali
Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered SaadiqAmer Bukvić
Director and Resident Representative, Islamic Development Bank (IsDB) Regional Hub IndonesiaDr Dadang Muljawan Satria
Executive Director of the Islamic Economic and Finance Department, Bank IndonesiaDien Sukmarini
Senior Analyst, Directorate of Capital Market and Islamic Capital Market Development, Otoritas Jasa Keuangan – The Financial Services Authority of IndonesiaElias Moubarak
Partner, Trowers & HamlinsDr. Fadlul Imansyah
Chief of Executive Board, Badan Pengelola Keuangan HajiGeoff Holmes
Group Chief Strategy Officer, Ethos VenturesHakan Ozyon
CEO, Hejaz Financial ServicesDr Hurriyah El Islamy
CEO and Founder, HGC FirmJohn Welling
Senior Director Head of Global Equity Indices, S&P Dow Jones IndicesDr Lisa Listiana
Founder, Waqf Center for Indonesian Development and StudiesMahmud Hossain
Managing Director and CEO, Millennium Information SolutionAssociate Professor Dr Murniati Mukhlisin
Founder, Tazkia Halal CenterDr Nurhastuty Wardhani
Board Member, Institute of Halal InvestingDr Ramadhan Fitri Ellias
Strategic Programme Director, Maybank IslamicDr Sutan Emir Hidayat
Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)Sylvi J Gani
Financing and Investment Director, Sarana Multi InfrastrukturVineeta Tan
Managing Editor and Director, Islamic Finance newsAdvisory Board
Afdhal Aliasar
Director of Halal Product Industry, National Islamic Economics and Finance Committee (KNEKS)Dwi Irianti Hadiningdyah
Director of Islamic Financing, Directorate General of Budget Financing and Risk Management, Ministry of FinanceErwin Noekman
Executive Director, Asosiasi Asuransi Syariah Indonesia (Indonesian Takaful Association)Farouk Abdullah Alwyni
Chairman, Center for Islamic Studies in Finance, Economics, and Development (CISFED) and Vice Rector, Binawan UniversityIrwan Abdalloh
Head of Islamic Capital Market Division, Indonesia Stock ExchangeDr Sutan Emir Hidayat
Director of the Islamic Economy Supporting Ecosystem, the National Committee for Islamic Economy and Finance (KNEKS)Registration
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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.
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.