IIFM Awareness Seminar on Islamic Finance hosted by Bank Indonesia in Jakarta

Past Event

  • Tuesday, 12th November 2019
  • 04:00 AM - 12:10 PM
  • Multi Function Room, Bank Indonesia, Jakarta, Republic of Indonesia
  • Registration are closed for this event.

Program Details

8:00 AM - 9:00 AM
Registration and Morning Coffee

9:00 AM - 9:05 AM
National Anthem

9:05 AM - 9:10 AM
Opening with Recitation from The Holy Quran

9:10 AM - 9:20 AM
Welcome Address

Danial Mah Abdullah
Director General, Labuan Financial Services Authority and Vice Chairman, IIFM


9:20 AM - 9:30 AM
Keynote Address

Filianingsih Hendarta
Assistant Governor, Bank Indonesia


9:30 AM - 9:45 AM
Presentation: An Overview of IIFM Standards and Industry Development Initiatives

Ismail Dadabhoy
Advisor, IIFM, Dubai


9:45 AM - 10:00 AM
REFRESHMENT BREAK

10:00 AM - 11:30 AM
Session 1: Developments in the Global Sukuk Market

i. Overview of the Global Sukuk Market – Key Findings of the Annual IIFM Sukuk Report 2019
– International and Domestic Sukuk Issuances
– Types of Sukuk Issuers & Sukuk Structure Trends
– Development of Corporate Sukuk Market
– Indonesia Sovereign and Retail Sukuk issuances
– Innovations in Sukuk – Green and SRI Sukuk
– Short-Term Sukuk Issuances

ii. Update on IIFM Standardized Sukuk Documentation Initiative
– Sukuk Al Ijarah Suite of Documentation
– Sukuk Al Mudarabah Suite of Documentation

iii. Role of FinTech in Sukuk
– Digitization and Automation of Sukuk Templates
– Use of Blockchain

Chairperson:

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

Speakers:

Ijlal Ahmed Alvi
Chief Executive, IIFM, Bahrain

Dwi Irianti, Director
Islamic Financing, Directorate General, Budget Financing & Risk Management, Ministry of Finance-Indonesia, Jakarta

Dr. Umar Oseni
Acting CEO, International Islamic Liquidity Management Corporation (IILM), Kuala Lumpur

Willy Lina Lim
Managing Director and Co-Founder, Tempus Adventus Advisory, Sydney, Representative of Wethaq (Capital Markets) Ltd.

Irwan Abdalla
Head of Islamic Capital Market, Indonesia Stock Exchange, Jakarta


11:30 AM - 12:30 PM
Session 2: IIFM-BAFT Islamic Trade Finance Standards

i. IIFM-BAFT Master Participation Agreements (MPA’s) for Trade Finance Transactions
– Framework Documentation Structure (Unfunded & Funded)
– Shariah, Legal and Operational Aspects of the Participation Arrangements
– Guidance Memorandum – Highlights

ii. Islamic Trade Finance Role & Potential as major business segment of the industry

iii. Challenges in Structuring Innovative Islamic Trade Finance Products

Chairperson:

Hamza Khalid Bawazir
Executive Vice President – Head of Shariah Division, The National Commercial Bank, Jeddah

Speakers:

Ijlal Ahmed Alvi
Chief Executive, IIFM, Bahrain

Romy Buchari
Head of Shariah Banking, PT Bank Maybank Indonesia, Jakarta

Roslan Ahmad
Chief Representative, DDGI Limited, Kuala Lumpur


12:30 PM - 1:30 PM
Lunch Break

1:30 PM - 2:45 PM
Session 3: ISDA-IIFM Islamic Hedging Standards

– Introduction to Islamic Hedging and Market Requirements
– Key Features of the ISDA/IIFM Tahawwut Master Agreement
– Key Features of the ISDA/IIFM Islamic Foreign Exchange Forward Confirmations
– Purpose of the ISDA/IIFM Islamic Credit Support Deed for Cash Collateral (Variation Margin)
– Regulatory & Law Reforms in Islamic Jurisdictions
– Global Benchmark Reforms and its Impact on Islamic finance transactions

Chairperson:

Ismail Dadabhoy
Advisor, IIFM, Dubai

Speakers:

Ijlal Ahmed Alvi
Chief Executive, IIFM, Bahrain

Hichem Bouqniss
Senior Vice President, Business Operations, International Islamic Liquidity Management Corporation (IILM), Kuala Lumpur

Adiwarman Azwar Karim
Founder Partner, Karim Business Consulting, Jakarta


2:45 PM - 4:00 PM
Session 4: Liquidity Management

1) IIFM Inter-Bank Unrestricted Master Investment Wakalah Agreement
– Key Features of the IIFM Inter-Bank Unrestricted Master Investment Wakalah Agreement
– Operational Guidance Memorandum
– Accounting Assessment
– Benefit to Regulators in providing Shariah compliant liquidity management solutions

2) Indonesia Islamic Financial Market Instruments
– Islamic repo for interbank liquidity management
– SIMA as an interbank liquid instrument in PUAS
– Sukuk Bank Indonesia (Sukbi) as a new Bank Indonesia for liquidity management

Chairperson:

Erwin Gunawan Hutapea
Director, Department of Monetary Management, Bank Indonesia, Jakarta

Speakers:

Ismail Dadabhoy
Advisor, IIFM, Dubai

Roslan Ahmad
Chief Representative, DDGI Limited, Kuala Lumpur

Ade Cahyo
Director, Bank Syariah Mandiri, Jakarta


4:00 PM - 4:10 PM
Closing Remarks

Suhaedi
Head of Islamic Economics and Finance Dept
Bank Indonesia, Jakarta


4:10 PM
END OF SEMINAR