Theme: Fostering Economic Development and Strengthening Financial Sector Resilience: The Role of Islamic Capital Market Instruments
The program intends to facilitate an informed understanding of the participants regarding modern ICM instruments beyond traditional products and their use and role in supporting various developmental and economic/financial aspirations of a jurisdiction. The participants will also benefit through the cross-generation of ideas amongst the seminar audience to identify new innovations in the ICM to further streamline its adoption while also discussing practical measures to address any existing limitations restricting the widespread use and implementation of ICM instruments. Market players and service providers will also gain insights into the operational, Shari’ah and regulatory considerations for offering ICM products and services.
For more information please email Mrs. Ida Shafinaz Ab. Malek at [email protected]
Event Snapshots
| Date | Time | Topics |
|---|---|---|
| Day 1 13/11/2018 | 08:00 – 08:30 | Registration and Networking |
| 08:30 – 08:50 | Welcoming and Opening Remarks | |
| 08:50 – 09:20 | Special Presentation | |
| 09:20 – 10:00 | Coffee Break and Networking | |
| 10:00 – 11:30 | Session 1: Panel Discussion on Sukuk – Have We Realised Its True Potential? Progresses made and milestones accomplished to-date in the global Sukuk market Diverse users of Sukuk to meet various economic, developmental and financial needs Issues that remain unaddressed or that are limiting full utilization of Sukuk as an instrument supporting diverse economic and financial needs Efforts to promote harmonization in Sukuk structures to encourage wider cross-border issuances New innovative Sukuk structures utilized for various fund-raising activities Specific case studies and country showcase/presentation on Sukuk market | |
| 11:30 – 13:00 | Session 2: Panel Discussion on Supporting New Liquidity Regulations – The Role of ICM Instruments New post-crisis liquidity regulations applicable upon financial institutions The challenges in provision of Shari?ah-compliant high-quality liquid assets (HQLA) that satisfy the new regulatory requirements The role of ICM, and Sukuk in particular, to meet these liquidity regulations Shari?ah-compliant structures that can be utilised to issue tradable liquidity management instruments Efforts and opportunities to list and trade ICM instruments in exchanges/bourses Case study examples on liquidity management programmes initiated by specific jurisdictions | |
| 13:00 – 14:30 | Lunch and Networking | |
| 14:30 – 16:00 | Session 3: Panel Discussion on The Optimal Balance: Products Innovation, Shariah Requirements, Consumer Protection and Other Regulatory Considerations Various ICM products including equities, Sukuk, Islamic collective investment schemes (ICIS), hedging products, specialised ICIS, asset securitisations, etc. The introduction of FinTech in the ICM (e.g. p2p operators, crowdfunding platforms, robo-advisers, etc) Potential issues of consumer protection, Shari?ah requirements and other regulatory considerations Specific case studies on FinTech products and regulatory sandboxes to encourage innovation and development Future directions for the efficient and smooth innovation, growth and development of the ICM |
