Sharifatul Hanizah Said Ali
Executive Director, Islamic Capital Market Development, Securities Commission Malaysia
STRATEGIC PARTNER
14th & 15th December 2020, Online
STRATEGIC PARTNER
14th & 15th December 2020, Online
Date: 14th & 15th December 2020
Venue: Online
Attendees:
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ABOUT THE FORUM
The United Nations Commission on Trade and Development (UNCTAD) recently estimated that in order to adequately fund the 17 Sustainable Development Goals (SDGs) in developing countries, US$5 trillion to US$7 trillion will be required in annual investments by 2030. Fulfilling this ambitious financial requirement presents not only challenges, but also significant opportunities.
The recent introduction of regulatory frameworks and initiatives promoting the development of sustainable finance across Southeast Asia has highlighted the significance and relevance of this important and fast-growing sector. With more corporates, financial institutions, government bodies and regulators becoming aware of Sustainable Development Goals, countries offering environments conducive for the growth of sustainable finance and investment will see tangible and long-term benefits.
Forum Agenda
Keynote Address
Policy, Regulation and Action – Managing Risk and Speeding the Shift to Sustainable and Responsible Finance
We ask a respected panel to identify and discuss significant events and imminent major global shifts in policy, regulation, behaviour and activity, how these influence responsible and sustainable finance and the implications for investors and financial institutions. What is ‘Green Incentivization’, which regions and governments are driving this and how will it influence the financial landscape? Do we need standardized sustainability disclosure and reporting standards and should issuers of ESG ratings be made more accountable? If so, how? What is the impact of policy action by governments in the areas of energy systems, renewables, transport and agriculture, and can policy transition risk be identified and measured? How can forward-looking tools such as scenario analysis assist in the development of relevant, effective financial regulatory frameworks to allow for the management and mitigation of climate risk? Are UN SDGs still attainable, and if not what do we do? What do all these factors mean for the strategies, activities and objectives of regulators, financial institutions, issuers and investors and what options does Islamic finance offer?
Moderator:
Firoz Abdul Hamid
Writer and Analyst
Panelists:
Dr Adam Ng
Sustainable Finance Expert, WWF-Malaysia
Gabriel Wilson-Otto
Global Head of Sustainability Research, BNP Paribas Asset Management
Hussam Sultan
Regional Head, Commercial and Transaction Banking (Islamic), CIMB
Jennifer Schwalbenberg
Associate Director, DDCAP Group
Martina Macpherson
SVP Strategic ESG Engagement, Moody’s
Sunita Rajakumar
Founder, Climate Governance Malaysia
Water Cheung
Senior Partner, CEO Asia Pacific, StormHarbour Securities (Hong Kong)
The Real Deal: Green Financing Instruments and Sustainable and Responsible Investment
What do social, recovery and pandemic bonds offer and are these instruments effective and fit for purpose? Beyond credit, what types of vehicles will we see financing sustainable, social and humanitarian projects and what do Islamic finance structures offer? With Green bonds and Sukuk among the world’s fastest growing asset classes, what new and exciting opportunities do these structures offer? Do retail investors play a role? What is the evolution of disclosure requirements and regulatory frameworks for green issuers? What asset classes and investment strategies represent tangible transition from high to low or zero carbon and from ‘at-risk’ to sustainable? How do investors manage rapidly changing taxonomies, sustainability reporting and disclosure requirements and keep track of what investments can be defined as sustainable? How are large, institutional investors playing a progressive role and what SRI-related demands are they making on investment managers? Are investors using green bond and Sukuk issuance as an indicative measure of an issuer’s low-carbon positioning, and how can organizations take advantage of this? We seek the views of a respected panel.
Moderator:
Dr Renard Siew
Advisor, Centre for Governance and Political Studies
Panelists:
Cedric Rimaud
Program Manager, Climate Bonds Initiative
Leila Kamdem-Fotso
Sustainable Finance Expert, Partner, Mazars
Nicholas Gandolfo
Director – Sustainable Finance Solutions (Asia Pacific), Sustainalytics
Nicole Martens
Head: Africa and Middle East, United Nations Principles for Responsible Investment
Tayyaba Rasheed
Head of Investment Banking Group, Faysal Bank
ADVISORY BOARD
Firoz Abdul Hamid
Writer and Analyst
Hussam Sultan
Regional Head, Commercial and Transaction Banking (Islamic), CIMB
Sunita Rajakumar
Founder, Climate Governance Malaysia
Tayyaba Rasheed
Head of Investment Banking Group, Faysal Bank
FORUM PARTNERS
LEAD PARTNER
CIMB Islamic
CIMB Islamic Bank, licensed under Malaysia’s Islamic Financial Services Act 2013, is the main operating entity of the CIMB Group’s global Islamic banking and finance franchise. It operates in parallel with the group’s universal banking platform where it offers Shariah compliant products and services to the group’s wholesale banking, consumer banking, commercial banking and asset management businesses.
CIMB Islamic’s products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Board Shariah Committee, which comprises some of the world’s leading Shariah experts or scholars. CIMB Islamic provides comprehensive and innovative Shariah compliant financial products and services to meet the needs of individuals, small and medium-scale enterprises as well as large institutional customers.
CIMB Group’s Islamic banking and finance business is supported by the group’s network of over 39,000 staff in 16 countries comprising an experienced senior management team and a global team of Islamic banking and financial services professionals in all core components of the Islamic banking and financial services market. CIMB Group also has the most extensive retail branch network in ASEAN, with more than 900 branches as at the 31st December 2016. Outside of Malaysia, CIMB Islamic operates a universal offering in Indonesia and Singapore with a focus in wholesale banking in the other 14 countries.
IN SUPPORT OF
MULTILATERAL STRATEGIC PARTNERS
The Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.
The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.
The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).
ICD mandate and objectives
The ICD fosters sustainable economic growth in its 53 member countries by:
- Financing private sector investment
- Mobilizing capital in the international financial markets, and
- Providing advisory services to business and governments.
The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.
The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.
FOR MORE INFORMATION
Tel: (966-12) 6361400; (966-12) 6441644
Fax: (966-12) 644 4427
Email: [email protected]
Website: www.icd-ps.org
The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)
Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries.
The ICIEC’s mission is to make trade and investment between member countries and the world more secure through the Shariah compliant risk mitigation tool. Its vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries.
The ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compliant insurance and reinsurance solutions.
Today, the ICIEC supports trade and investment flows in 47 member countries spanning across Europe, Asia, the Middle East and Africa. Its target clients are corporates (both exporters and investors), banks and financial institutions as well as export credit agencies and insurers.
International Islamic Trade Finance Corporation
The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. It was established with the purpose of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Earning an ‘A1’ rating from Moody’s Investors Service reflects the ITFC’s efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.
Since 2008, the ITFC has provided more than US$40.2 billion of trade financing to OIC member countries, making it the leading provider of trade solutions for the needs of OIC member countries. With a mission of being a catalyst for trade development among OIC member countries and beyond, the ITFC helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
Contact us at:
Twitter: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en
STRATEGIC PARTNER
Capital Markets Malaysia
As part of its mandate to develop the capital market, the Securities Commission Malaysia (SC) set up the Capital Markets Promotion Council in 2012 to strengthen its internationalization agenda for Malaysia’s capital market. In 2014, the SC launched Capital Markets Malaysia (CMM) to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market via a comprehensive and integrated approach to increase international participation and enhance opportunities for Malaysian capital market intermediaries.
PARTNERS
BNP PARIBAS ASSET MANAGEMENT MALAYSIA
BNP Paribas Asset Management Malaysia (BNPPAM MY) is one of the first foreign asset management companies to set up in 2007 under the foreign fund management license issued by the Securities Commission Malaysia. In 2009, we set up BNPPAM’s first Islamic asset management company, BNP Paribas Asset Management Najmah Malaysia (BNPPAM NM) under the Islamic fund management license granted by the Securities Commission Malaysia alongside the MIFC initiative. BNPPAM MY is a wholly-owned subsidiary of BNP Paribas and BNPPAM NM is a wholly-owned subsidiary of BNPPAM MY.
In Malaysia, BNPPAM MY works closely with our various investment solutions partners across the globe in offering our expertise to clients. BNPPAM MY is the investment center for Malaysian ringgit fixed income, Malaysian ringgit Sukuk, global Sukuk and ASEAN equities.
In a fast-changing world, our focus is on achieving long-term, sustainable investment returns for our clients. We recognize that sustainability risks are looming large and that we, as investors, have the opportunity, indeed the obligation, to take action to help achieve the objectives of the Paris Agreement and the UN Sustainable Development Goals.
That is why we have committed to putting sustainability at the heart of our strategy, integrating sustainable investment practices across the full range of our investment strategies. We commit to being a ‘future maker’, using our investments, our voice and our leverage to shape a better future.
BNPPAM is one of only five asset managers to have achieved an ‘A’ rating for its approach to responsible investment, the highest currently awarded by ShareAction — a non-profit organization working to build a globally sustainable and responsible financial sector — to any asset manager.
Since inception, BNPPAM MY has received 38 awards from our clients and various sources for different asset classes. The awards are in recognition of the fact that performance is not compromised where environmental, social and governance policies are implemented in our investment processes.
Carrera Learning
Carrera Learning is an innovative e-learning platform enabling users and companies to build their Islamic finance capabilities. We have extensive experience working with world-class financial institutions and organizations as well as professionals.
The Carrera Learning platform is part of Islamic Finance Navigator.
DDCAP Group
Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP is a leading provider of asset facilitation services and financial technology and system solutions across a diverse range of Shariah compliant products, asset classes and instruments in both the primary and secondary markets. DDCAP’s wholly-owned subsidiaries include DD&Co and DDGI. DDCAP has an extensive track record within the Islamic finance industry, employing over 35 professionals with broad and complementary skill sets drawn from diverse financial industry backgrounds, focused principally on providing service to Islamic financial market participants around the world. DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait. DDCAP’s multi-award-winning Shariah compliant ETHOS Asset Facilitation Platform is a bespoke, real-time trade and post-trade services platform providing 24-hour coverage, enabling clients worldwide to purchase from a diverse asset inventory, including commodities, via a secure, web-based portal.
IdealRatings
IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:
- Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio.
- REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines.
- Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry.
- Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and
- Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.
Moody’s Investors Service
Moody’s is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions and fair access to information open the door to shared progress.
LANYARD SPONSOR
Codebase Technologies
Codebase Technologies builds modern digital banks, developing application programming interface-driven technologies to deliver new customer experiences. Supporting institutions with cloud-agnostic digital-ready solutions, it operates as a research and development think tank that enables any business to pursue their ambitions for a seamlessly integrated, lifestyle-enhancing digital financial experience at a fraction of the time and cost.
Its highly robust and scalable open architecture framework and flagship platform ensemble, Digibanc™, the most comprehensive one-stop shop ‘bank in a box’, gives Codebase Technologies the key to unlock the true potential of the new-era digital financial ecosystem.
With solutions encompassing customer onboarding, middleware, payments, asset management and channel deployments, Codebase Technologies provides the expertise that allows your business to focus on what’s important — the customer.
Codebase Technologies operates across ASEAN, the GCC and Australia, providing proprietary technology products and advisory services to institutions looking to challenge the next digital frontier.
Last Visit to Kuala Lumpur
Date: 3rd December 2019
Venue: InterContinental Hotel, Kuala Lumpur
Attendees: 300
Speakers: 26 Speakers
The United Nations Commission on Trade and Development (UNCTAD) recently estimated that in order to adequately fund the 17 Sustainable Development Goals (SDGs) in developing countries, US$5 trillion to US$7 trillion will be required in annual investments by 2030. Fulfilling this ambitious financial requirement presents not only challenges, but also significant opportunities.
The recent introduction of regulatory frameworks and initiatives promoting the development of sustainable finance across Southeast Asia has highlighted the significance and relevance of this important and fast-growing sector. With more corporates, financial institutions, government bodies and regulators becoming aware of Sustainable Development Goals, countries offering environments conducive for the growth of sustainable finance and investment will see tangible and long-term benefits.
Islamic finance plays an important role. Firstly, through the development of effective sell-side capital market products such as Green Sukuk in order to fund sustainable and humanitarian projects and initiatives. Secondly, to provide and channel investment from Shariah compliant asset managers and institutional investors to such initiatives.
This one-day event, developed by REDmoney Events, will focus on the opportunities presented by the growth of ethical, sustainable and responsible finance to the Islamic banking, finance and investment industry in Southeast Asia and beyond. Through a series of engaging keynotes, interviews and panels we shall explore how Islamic and sustainable finance can become more closely interlinked, and how Shariah compliant financial institutions and asset managers can play a greater role towards the achievement of Sustainable Development Goals, including the alleviation of disease and reduction of global displacement. We also examine how the Islamic finance industry can, through effective guidance and funding, help facilitate the development of key, strategic sectors, including education, healthcare, housing and agriculture.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.