The full program for the IFN Islamic Finance News Roadshow 'Jakarta-Indonesia' to be held at the Hotel Mulia Senayan - Jakarta has been announced and can be accessed here.
Registration is still possible here. Go here for the website of the IFN FORUM INDONESIA 2012.
The growth potential for Indonesia's Islamic finance industry is enormous, and coupled with a steadily growing economy, financial reforms and stricter anti-corruption laws, the republic is set to stake its claim as a financial powerhouse in Asia. With support from the Indonesian government, financial regulators and the central bank, Indonesia is poised to become the next hub for Islamic finance in Asia and on a global scale.
In light of these developments, REDmoney Group will host the first Islamic Finance news Indonesia Forum 2012 on the 16th and 17th April at the Hotel Mulia Senayan in Jakarta.
The two-day event will feature an Issuers Day, Investors Day, and Takaful and re-Takaful Day and see the movers and shakers of the Islamic finance industry gather to discuss the most current and relevant issues within the Indonesian Islamic financial markets. Covering all sectors from retail to capital markets, the IFN Indonesia Forum aims to highlight key developments in tax and regulations, investment opportunities in Indonesia, liquidity and corporate governance, as well as the growth potential for Takaful in Indonesia's thriving retail banking sector.
Supported by Bank Indonesia and the Ministry of Finance Indonesia, the inaugural IFN Indonesia Forum will feature speakers representing all sectors within the Islamic finance industry; from government officials to global heads of banks and financial institutions.
Amongst those who will be speaking at the IFN Indonesia 2012 Forum include: Dahlan Siamat - Director Islamic Financing Policy, Ministry of Finance Indonesia, Edy Setiadi - Director of Islamic Banking, Bank Indonesia, Yudha Pratama - President Director, PT Jaya Proteksi Takaful, Albert Wiseman Paterson - President Director, PT Sun Life Financial Indonesia, Neil Miller- Global Head Islamic finance, KPMG Dubai and Riawan Amin- Chairman, Indonesian Islamic Banking Association.
With 389 delegates already confirmed, it is still not too late to be part of this fully-interactive event covering the most pertinent topics in Indonesia's Islamic finance landscape.
TRANSPARENCY and clarity, as well as sufficient laws, will help improve the work of industry players such as bankers, government bodies and lawyers in the local and regional Islamic finance industry, said a senior partner at a law firm said during the Islamic Finance News (IFN) Roadshow 2010 yesterday morning
Muhd Jamil Abas Abdul Ali, senior partner at Abrahams Davidson and Co, said, "Laws have to be sufficient. If they are not sufficient, you can find or you will find players, such as bankers, syariah advisory committees of banks, lawyers, accountants they will have difficulty in trying to structure, research and come up with viable products," Jamil said during a panel discussion entitled "Islamic Finance Regulatory and Infrastructure Developments".
Most of the time, he added, they'll end up trying to guess what will happen, how it will be dealt with, which of the laws will be applied and "most of all, you might find that, in particular, lawyers and bankers, will not know whether particular products such as documents, all documents, will or will not be upheld by a secondary court".
Jamil also said that one of the main elements to address in the Islamic Finance industry in Brunei, "is that the major players in the industry require sufficiency of laws, (and) where there are gaps, where they just (don't) exist, the law has to be affected to provide what your own regulatory (and) legal framework (doesn't)".
"You also have to bear in mind, what are to be constituted in these legal framework?," he posed a question to the approximately 100 attendees, adding that "within the legal framework, there are certain acts that have gaps".
These should be filled in, he said, with solutions that are not only suitable, but "assist the development and growth of Islamic banking and finance towards product development and implementation".
