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
PROGRAM
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

Moderator:
Dr. Mulya E. Siregar, Former Deputy Commissioner OJK

Speakers:
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   

Moderator:
Dr. Prayudi Azwar, Analyst, Bank Indonesia

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

12:30 – 13:30
Luncheon
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
   
Moderator:
Dr. Raditya Sukmana, Director Post graduate, University of Airlangga

Speakers:
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
   
Moderator:
Dr. Dimas Bagus, Director, International program, Jogjakarta Muhammadyah Univ

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

15:30
End of IIFM Specialized Sessions

The program is subjec to change

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