November 4, 2013
@
8:45 AM
–
November 5, 2013
@
5:15 PM
The Conference aimed to create greater awareness on the potentials and opportunities brought about by Islamic finance to the region, and explore the challenges issues related to its further development and progress.
The Conference examined the experiences of selected Asian countries, with focus on the regulatory requirements and other pre-conditions needed to establish and sustain the orderly development of Islamic finance, while seeking to identify the benefits Islamic finance can bring to the respective countries. The sessions and discussions also drawn upon the perspectives of (a) market opportunities and challenges, (b) global and national regulatory requirements, and (c) facilitation of cross-border investment flows. The Conference also aimed to create greater opportunities for interaction and cooperation among the members of the IFSB and the ADB. The proceedings of this Conference will be published as an IFSB publication.
23 chairpersons and speakers who were senior financial sector supervisors, market playersand experts from international financial institutions participated and discussed the following issues at the Conference:-
- Islamic Finance for Asia: Innovation, Inclusion and Growth
- Islamic Finance: Stability, Resilience and Regulatory Issues
- Islamic Banking: Financial Inclusion as a Core Concept
- Islamic Capital Market: The Role of Sukûk for Development
- Implementation of the IFSB Standards
- The Way Forward: A Roadmap for Asia
Approximately 126 participants from government, regulatory and supervisory bodies and industry players attended the Conference.
Event Snapshots
Programme – Event Session(s)
| Date |
Time |
Topics |
| Day 1
04/11/2013 |
DAY 1 – CONFERENCE ON ISLAMIC FINANCE FOR ASIA: DEVELOPMENT, PROSPECTS AND INCLUSIVE GROWTH |
| 08:45 – 09:30 |
Registration |
| 09:30 – 09:50 |
Opening and Welcoming Addresses |
| 09:50 – 10:10 |
Keynote Address |
| 10:10 – 10:30 |
Coffee Break |
| 10:30 – 11:15 |
Session 1: Islamic Finance for Asia: Innovation, Inclusion and Growth This session seeks to establish the value proposition of Islamic finance in the region, especially as a tool for financial inclusion and an alternative financing source for both public and corporate sectors, in particular in infrastructure development. The session also touches on key factors supporting growth of the IFSI in the region, its strengths, as well as challenges and opportunities for the industry. |
| 11:15 – 11:30 |
Questions and Answers |
| 11:30 – 12:15 |
Session 2: Islamic Finance: Stability, Resilience and Regulatory Issues An Islamic finance continues to become increasingly internationalised, this necessitates the need to have in place a comprehensive regulatory, supervisory and surveillance framework to ensure the stability and resiliency of the industry. This session looks at the regulatory issues and challenges, in particular in light of the global regulatory reforms undertaken following the global financial crisis. |
| 12:15 – 12:30 |
Questions and Answers |
| 12:30 – 14:00 |
Lunch |
| 14:00 – 15:00 |
Session 3: Islamic Banking: Financial Inclusion as a Core Concept This session discusses the role of Islamic banking in encouraging financial inclusion. It also analyses the development and progress of the Islamic banking sector in selected countries in terms of product innovations, infrastructure and institutional development, regulatory advancement, as well as government initiatives to develop the industry. The session also explores opportunities and challenges faced by the sector. Case studies will be presented on national experiences in developing the Islamic banking sector from the perspective of financial inclusion, infrastructure, regulatory and Sharī`ah frameworks. |
| 15:00 – 15:30 |
Questions and Answers |
| 15:30 – 15:45 |
Coffee Break |
| 15:45 – 16:45 |
Session 4: Islamic Capital Market: The Role of Sukūk for Development This session discusses the development and progress of the Islamic capital market in selected countries in terms of infrastructure and institutions, regulatory advancement, as well as government initiatives. The session also explores opportunities, challenges and issues faced by the industry. Case studies will be presented on national experience in developing the Islamic capital market from the perspective of benefits, policy and legal frameworks, as well as the roles of supporting agencies such as rating agencies. |
| 16:45 – 17:15 |
Questions and Answers |
| Day 2
05/11/2013 |
DAY 2
CONFERENCE ON ISLAMIC FINANCE FOR ASIA: DEVELOPMENT, PROSPECTS AND INCLUSIVE GROWTH (HALF DAY – AM)
ROUNDTABLE FOR REGULATORS (HALF DAY – PM) |
| 09:30 – 10:30 |
Session 5: Implementation of IFSB Standards This session will provide an overview of the IFSB’s Prudential Standards and their importance to a sound and stable Islamic financial system. Case studies from central banks and the private sector on experiences in implemented the IFSB Prudential Standards will be discussed and analysed. ADB’s partnership with the IFSB in developing and implementing these standards will also be discussed. |
| 10:30 – 11:00 |
Questions and Answers |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 6: Panel Discussion on The Way Forward – A Roadmap for Asia In this panel discussion, the panelists aim to identify the opportunities, key success factors, as well as challenges for Islamic finance in the Asian countries to venture beyond the region, specifically to the Middle East, North Africa and Europe. This session will conclude with an Islamic finance roadmap for Asia. |
| 13:00 – 14:00 |
Lunch |
| 14:10 – 15:00 |
ROUNDTABLE SESSION 1: Legal and Regulatory Issues for Islamic Finance Post-crisis Current framework for Islamic finance in Legal and Regulatory perspective How to meet the needs of rapidly growing IFSI in regulatory basis Impacts of global financial crisis on IFSI Protection mechanisms for IFSI in order not to experience such crisis |
| 15:00 – 15:50 |
ROUNDTABLE SESSION 2: Taking the Initiative for Islamic Finance: Role of the Governments and Private Sector Importance of Government’s role in progress of Islamic finance Private sector oriented growth in Islamic Finance Pros and Cons for Government dominated and private sector dominated Islamic financial sector |
| 15:50 – 16:00 |
ROUNDTABLE: Closing Remarks |
Downloadable Document(s)
