Aim of Program

This workshop aims to present a holistic understanding of the Islamic financial services industry eco-system. participants will gain practical insights into the development and framework of Islamic banking, Takaful, Islamic Capital Market (ICM) products and services, new growth areas and innovations, Islamic microfinance, Waqf, Fintech and ICM talent development strategies.

More importantly, the main highlight of the workshop will be site visits to successful business models that showcase practical synergies between the Islamic financial services industry and other facets of the business and social
communities to foster learning and networking opportunities.

Program Description

Register now

Program Outline

(Day 1)

  • 9.00AM – 9.15AM Welcome Remarks and Ice Breaking

  • 9.15AM – 10.30AM

    Session 1: Islamic Finance – Growth, Development and Outlook

    This session will provide a brief economic outlook and focuses on the recent developments in Islamic finance globally. It will also look into issues and challenges cutting across banking, insurance and capital market sector in various jurisdictions.

    Topics to be covered include:

    • Components and key features, value proposition of Islamic finance
    • Recent global development
    • Enablers and barriers to Islamic finance development
    • Regional collaboration in cross-border transactions
    • Identifying gaps and/or impediments to market and product development
    • The different approaches adopted in various jurisdictions in Islamic finance development
    • Harmonisation, standardisation & mutual recognition of Shariãh standards for cross-border activities

    Speaker: En. Fian Abdul Rahim Abdul Kamil, Consultant, Islamic Capital Market, Securities Commission Malaysia

  • 10.30AM – 11.00AM Coffee Break

  • 11.00AM – 12.30PM 

    Session 2: Legal and Regulatory Framework for Islamic Finance in Malaysia

    This session will provide understanding of the different legal and regulatory framework approaches taken in supporting the development of the Malaysian Islamic finance industry.

    Topics to be covered include:

    • Modelling the legal framework
    • Benchmarking against global regulatory standards
    • Regulatory framework in selected jurisdictions
    • Dispute resolution mechanism
    • Issues, challenges and opportunities

    Speaker: Mohd Radzuan A. Tajuddin, Investment Committee, BIMB Investment

  • 12.30PM – 2.00PM Lunch

  • 2.00PM – 3.30PM

    Session 3: Islamic Banking and Takaful

    This session provides fundamental understanding from the Islamic banking and takaful industry perspectives. The session will shed light on how the handshakes between Islamic banks and takaful operators have improved social infrastructure and the living standards of the people via various banking and insurance products using relevant case studies.

    Topics to be covered include:

    • Introduction to Islamic financial system
    • Islamic banking operation
    • Islamic banks and public private initiatives (Case studies on transportation / Construction Sector)
    • Issues and challenges steering Islamic banking for the future
    • Overview of Takaful
    • Shariãh and legal aspects in Takaful business
    • Case study – Pension⁄Health Scheme in Malaysia

    Speaker: Wan Zamri Wan Ismail, Consultant, First International Consulting, Malaysia

  • 4.00PM – 5.00PM

    Session 4: Fintech Applications in The Islamic Financial Industry

    This session will share latest developments in the Alternative Market Based Financing and how they are influencing the growth and development of ICM products and services offerings and improving participation and inclusion.

    Topics to be covered:

    • Overview of the fintech ecosystem
    • Digital market and innovations in Equity Crowdfunding (ECF) and Peer To Peer Lending (P2P). Highlights of Islamic fintech-based entrepreneurs and start-ups
    • Unbundling opportunities for Islamic financial institutions in Cryptos and blockchain

    Speaker: Umar Munshi, Founder, Ethis Group CEO, EthisCrowd Managing Director, Ethis Ventures Malaysia Chairman, Islamic Fintech Alliance

  • 5.00PM – 5.15PM Day Debrief

(Day 2)

  • 9.00AM – 10.30AM

    Session 5: ICM Products and Services – Sukuk

    This session will provide fundamental understanding on sukuk growth and how it has continued to support the growth of strategic sectors of the economy. The session will highlight Malaysia milestones in comparison to the global sukuk market. The session will also examine the various sukuk structures using relevant case studies.

    Topics to be covered include:

    • Introduction to sukuk and its classification
    • Sukuk structures and their practical aspects
    • Development of sukuk market ecosystem including market infrastructure i.e. commodity trading platform
    • Shariãh and practical issues arising from different sukuk structures
    • Innovation in sukuk e.g. Perpetual, Hybrid, Sustainable and Responsible Investing (SRI)
    • Case study

    Speaker: En. Zairulnizad Shahrim, Principal Officer Of AmIslamic Funds Management Sdn Bhd (AIFM)

  • 10.30AM – 11.00PM Coffee Break

  • 11.00AM – 12.30PM

    Session 6: ICM Products and Services – Equity, Fund Management and Other Investment Products

    This session will discuss the features of Shariãh-compliant stocks and the expansion of capacities around the various Islamic financial institutions within the Islamic Capital Market. The session will also look at the key aspects of Islamic fund management.

    Topics to be covered include:

    • Introduction to Islamic equity market
    • Shariãh screening process: methods and criteria applied
    • Development of the Islamic fund management industry
    • Case Study on i-REITS and the development of the Health Sector in Malaysia
    • Case Study on Islamic unit trust and development Personal Financing

    Speaker: En. Ahmad Mukarrami Ab Mumin, Head, Shariah Division at RHB Islamic Bank

  • 12.30PM – 2.00PM Lunch

  • 2.00PM – 3.30PM

    Session 7: New Growth Areas in Islamic Markets

    This session will provide insights into the new potential market and how it is improving the nation’s social economics structure, as well as facilitating financial inclusion of the erstwhile unbankable section of the society.

    Topics to be covered:

    • Innovation in products and services e.g. Islamic crowd funding, Islamic venture capital
    • Recent Developments in Waqf and Microfinance case studies from Malaysia, Bangladesh and Indonesia
    • Islamic wealth management and planning
    • Green sukuk, SRI
    • Integration of microfinance in banking business model for SME

    Speaker: Dr. Aminu Sikiru, Principal Consultant and Independent Director, Summit Innovative Technology Sdn. Bhd.

  • 3.30PM – 4.00PM Coffee Break

  • 4.00PM – 5.00PM

    Session 8: Interactive Participants’ Session

    This session is designed as an interactive platform where participants are divided into groups and each group is expected to discuss the issues, challenges and opportunities in the development of Islamic finance.

    Areas to be covered are:

    • Organisational set-up
    • Development of ICM ecosystem
    • Dealing with legal, regulatory and talent requirements
    • Cross-border issues and opportunities

    Facilitator: Mr. Sivalingam Navaratnam, Director, Securities Industry Development Corporation (SIDC)

  • 5.00PM – 5.15PM  Day Debrief

(Day 3)

  • 9.00AM – 12.45PM Site Visit to SP Setia

  • 12.45PM – 2.00PM Lunch

  • 2.00PM – 4.00PM Site Visit to a sukuk advisor/issuer (TBC)

  • 4.00PM – 5.00PM

    Session 11: Workshop Debrief

    This session will summarise the salient points and highlight the key takeaways and recommendations presented during the workshop.

    Key takeaways from the 3 days sessions.

    Participants’ feedback on the workshop and recommendations for development and enhancement to be applied in their countries.

    Facilitator: Mr. Sivalingam Navaratnam, Director, Securities Industry Development

     

Fee

$ 2000 / pax

You have to complete your payment once you have registered to attend the program. Feel free to Contact Us.

Contact Us

Payment

You can complete your payment by using your PayPal account or by making online/direct transfer to our banking account.

SITs - SIDC Islamic Finance Workshop
Your Email Address:

Banking Details

Company Name: Summit Innovative Technology Sdn. Bhd.

Bank Name: Maybank Bhd

Account Number: 564810519508

Swift Code: MBBEMYKL

Register Now!