IIFM Specialized Sessions on Islamic Finance Hosted by Bank Indonesia, Surabaya, Indonesia

Tuesday, 07 November 2017
IIFM Specialized Sessions on Islamic Finance: Sukuk, Islamic Hedging and Liquidity Management
Diamond Room, Grand City Surabaya, Surabaya, Indonesia
08:30 – 09:00
Registration and Morning Refreshments
09:00 – 09:05
Recitation of Holy Quran
09:05 – 09:15
Welcome Address

M. Anwar Bashori, Bank Indonesia

09:15 – 09:30
Opening Address

Ijlal Ahmed Alvi, Chief Executive, IIFM

09:30 – 11:00
Sukuk Issuance Trends

- Global Sukuk Market (Domestic and International Issuances & Structural Preferences)
- Corporate Sukuk Market (Potential and Challenges)
- Potential for Sukuk (Infrastructure, Retail, Exchangeable)
- Overall Challenges in Sukuk Issuance (such as Asset Based and Asset Backed etc)
- Indonesian Sukuk Market
- Lessons learnt from Sukuk Defaults and Restructuring

Dr. Mulya E. Siregar, Former Deputy Commissioner OJK

Ismail Dadabhoy, Advisor, IIFM, Dubai
Herwin Bustaman, Maybank Syariah
Dr. Suminto, Director, Indonesian Ministry of Finance

11:00 – 12:30
Islamic Hedging Framework

- Background and Overall Developments in Islamic Hedging Segment
- ISDA/IIFM Tahawwut Master Agreement (TMA)
   - Unique Clauses and Designated Future Transactions (DFT) Examples
- Islamic Hedging Products
   - Islamic FX Forward
   - Islamic Cross Currency Swap
   - Islamic Profit Rate Swap
- Islamic Credit Support Deed
- EMIR Variation Margin Regulation
- Law Reforms in Islamic Jurisdictions and Netting Law Developments in Far East region
- TMA Legal Opinions   

Dr. Prayudi Azwar, Analyst, Bank Indonesia

Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Senior Lawyer, International Law Firm (TBA)
Senior Expert, International Organization (TBA)

12:30 – 13:30
13:30 – 14:30
IIFM Standard Inter-Bank Unrestricted Master Investment Wakalah Agreement

- Unrestricted Wakalah and its Use in the Islamic Inter-Bank Market 
- Standard Master Unrestricted Wakalah Documentation & Operational Guidelines
- Accounting Assessment for IIFM Unrestricted Wakalah Master Agreement
- Legal Aspects
- Providing Level Playing Field to Islamic Financial Institutions by Regulators – Example of Central Bank of Bahrain
Dr. Raditya Sukmana, Director Post graduate, University of Airlangga

Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain
Ismail Dadabhoy, Advisor, IIFM
Mohammad Riza, Business Director, Maybank Syariah Indonesia

14:30 – 15:30
Special Session by Bank Indonesia on Islamic Financial Market Development in Indonesia

- Islamic Repo and Islamic Hedging: An Indonesian Experience
- Fatwa by DSN on Islamic repo and Islamic hedging transactions in Indonesia
- Bank Indonesia regulations on Islamic hedging and Islamic repo
- Islamic repo practices among the domestic Islamic money market players and potential Islamic hedging transactions in Indonesia
Dr. Dimas Bagus, Director, International program, Jogjakarta Muhammadyah Univ

Dr. Oni Syahroni (DSN), National Sharia Board (DSN)
Dr. Rifki Ismal (DEKS), Director, Bank Indonesia
Afrid Wibisono, Head of Global Market, Bank Muamalat Indonesia

End of IIFM Specialized Sessions

The program is subjec to change