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, Director, Islamic Economic & Finance Department, 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, Types of Issuers)
- Development of Corporate Sukuk Market
- Potential for Sukuk (Infrastructure, Retail, Exchangeable)
- Challenges in Sukuk Issuance (Legal, Regulation and Market Perspective)
- Indonesian Sukuk Market Update (Issuances, Regulations etc)    

Moderator:

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

Speakers:

Ijlal Ahmed Alvi, Chief Executive, IIFM
Dr. Suminto Sastrosuwito, Director of Islamic Financing, Ministry of Finance Republic of Indonesia
Herwin Bustaman, Head, Shariah Banking, Maybank Indonesia

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 Profit Rate Swap
   - Islamic Cross Currency Swap
   - Islamic FX Forward
- Islamic Credit Support Deed for Cash Collateral (Variation Margin)
- Law Reforms in Islamic Jurisdictions and Netting Law Developments in Far East Region
- TMA Legal Opinions   

Moderator:

Dr. Prayudhi Azwar, Analyst, Islamic Economics and Finance Department, Bank Indonesia

Speakers:

Ijlal Ahmed Alvi, Chief Executive, IIFM
Ashraf Gomma Ali, Director/Regional Head, Shariah and Governance, CIMB Islamic Bank Berhad, Kuala Lumpur
Dr. Akhmad Affandi Mahfudz, Director, ZICO Shariah Indonesia
Erryan Abdul Samad, Assistant General Counsel, ISDA, Singapore

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
- Legal Aspects
- Accounting Assessment for IIFM Unrestricted Wakalah Master Agreement
- Providing Level Playing Field to Islamic Financial Institutions by Regulators

Moderator:

Dr. Raditya Sukmana, Director Post Graduate, University of Airlangga

Speakers:

Ijlal Ahmed Alvi, Chief Executive, 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. (Cand.) Dimas B. W. Kusuma M.Ec, Director, International Program for Islamic Economics and Finance, Jogjakarta Muhammadyah University

Speakers:

Cecep Maskanul Hakim (DSN), National Sharia Board (DSN)
Dr. Rifki Ismal (DEKS), Director, Bank Indonesia
Afrid Wibisono, Head of Global Market, Bank Muamalat Indonesia 
Ahmad Hafiz Abdul Aziz, Financial Sector Specialist, World Bank

15:30
End of IIFM Specialized Sessions

The program is subjec to change