Securities Industry Development Corporation3, Persiaran Bukit Kiara, Bukit Kiara, 50490 Kuala Lumpur

ISLAMIC MARKETS PROGRAMME9th

Strengthening the Wellbeing of Societies11 – 14 August 2014 • Securities Commission Malaysia, Kuala Lumpur

A Malaysian Technical Cooperation Programme (MTCP)

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This programme will evaluate two important issues:vThe role of Islamic finance in the wellbeing

of societies globally; and vWhat it takes to ensure sustainable

development of global Islamic finance

How does Islamic finance benefit people? How can it help to reach out and strengthen the wellbeing of societies and communities around the world? What is the role of the Islamic Capital Market in meeting this objective?

Islamic finance offers societies safe, competitive and attractive financial products premised on Shariah principles managed by competent professionals and organisations. These organisations are required to be mindful of the products and the environment in which they operate, the society at large, responsible governance and correct application of Shariah principles.

Ultimately it presents a distinguishable investment opportunity to achieve a high social return with a

satisfactory financial return. It is this unique value distinction that sets it apart from other financial products and service offerings. Sustainability has been referred to as “a system that can evolve indefinitely towards greater human utility, greater efficiency of resource use and balance with the ultimate objective which is favourable to the societies”. Sustainability requires the wise use of resources, thinking systematically and achieving zero waste as well as having business practices that are regenerative.

Together, these two impactful ideas of “wellbeing” and “sustainability” have potential to transform the Islamic financial industry as we know it. However, delivering ethical products with a spiritual dimension to the wider population around the world in a sustainable manner has its formidable challenges. Sustainable global growth ultimately depends on HOW WELL WE CAN ALL WORK TOGETHER to create and uphold superior value that makes an impact to our societies!

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INTRODUCTION

11 – 14 August 2014 • Conference Hall, Securities Commission Malaysia

9th

ISLAMIC MARKETS PROGRAMMEStrengthening the Wellbeing of Societies

9 T H I S L A M I C M A R K E T S P R O G R A M M E 2 0 1 44

THIS PROGRAMME

Key Knowledge Modules of IMP 2014

The 2014 Islamic Markets Programme will take stock of the current state of play of the Islamic finance market, examine the evolving role of Islamic finance in enhancing the wellbeing of societies and the high road to sustainable global prosperity.

We invite you to discuss what financial wellbeing means to you. It has been referred to as “making informed investment decisions in opportunities that positively impact social, emotional and occupational wellbeing with a satisfactory financial return”. The idea suggests the element of more secure investment opportunities that maintain high ethical consideration to deliver realistic returns governed by sound investment principles.

We describe how strengthening the legal and regulatory framework, offering a diversity of

products and escalating the role of the key stakeholders can contribute to the sustainable growth of Islamic finance.

We explain the need for, and the importance of, harmonised standards to strengthen Islamic financial services and discuss the benefits and challenges of cross-border Islamic finance market integration.

We discuss branding principles and strategic positioning ideas that can strengthen global market access to Islamic finance.

The current shortage of trained and qualified practitioners in Islamic finance will be deliberated. Among the pertinent issues is the challenge of building a sustainable talent pool with the right competencies to drive the Islamic financial services industry to new heights.

LEARNING OUTCOMEBy the end of this programme, participants will be able to evaluate two important issues:vThe role of Islamic finance in the wellbeing

of societies globally; and vWhat it takes to ensure sustainable

development of global Islamic finance

LEARNING OBJECTIVESUpon completion of this programme, participants will be able to:qRecognise the nature and significance of the

Islamic finance ecosystem

qDescribe the legal and regulatory framework, the products’ key features and the role of key stakeholders contributing to the development of global Islamic finance

qIdentify current, new and wider investment opportunities of Islamic financial products

qDiscuss the role of Islamic finance in strengthening the wellbeing of societies

qDiscuss the challenges of implementing the Islamic Financial Services Act (IFSA) 2013 and its impact to the capital market

qExplain how harmonised standards strengthen the Islamic financial services sector

qDescribe the benefits and challenges of cross-border Islamic finance market integration

qRecognise the critical human capital talent issues confronting the growth of Islamic financial market

DELIVERY METHODOLOGYThe programme is intended to offer an open learning environment to discuss lessons learnt and share insightful experiences. It also humbly proposes to highlight possible development strategies to further the cause of Islamic finance through thought provoking ideas by experienced regulators, standard-setters, bankers, lawyers, compliance professionals and industry observers.

WHO SHOULD ATTENDSenior regulators, academicians and financial industry practitioners.

PROGRAMME FEESThe following packages are available to suit your needs:

Package Date Fee Details

A Local Participants 11 – 14 August 2014 RM4,500

Fee includes 1-day Introductory Workshop

B Foreign Participants 11 – 14 August 2014 USD1,450

C Local Participants 12 – 14 August 2014 RM3,500

Fee excludes 1-day Introductory Workshop

D Foreign Participants 12 – 14 August 2014 USD1,130

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INTRODUCTORYWORKSHOP

Monday11 August 2014 (Optional)

PROGRAMME HIGHLIGHTS

OVERVIEW OF ISLAMIC CAPITAL MARKET (ICM)By the end of the Introductory Workshop, participants will be able to recognise the nature and significance of the Islamic finance ecosystem comprising the legal and regulatory framework, the products’ key features and the role of the key stakeholders contributing to the development of global Islamic finance.

8:45 am Registration

9:05 am Introduction to the Islamic Markets Programme 2014 Workshop

9:40 am Refreshments and Networking

10:00 am Introduction to Islamic Finance • Overview of the Islamic Capital Market (ICM) and Shariah principles

governing Islamic finance

11:00 am Discussion and Question & Answer Session

11:15 am Establishing Appropriate Institutional, Legal and Regulatory Framework• The evolution of Islamic finance regulatory framework • Shariah screening reform: Methods and criteria applied

12:15 pm Discussion and Question & Answer Session

12:30 pm Lunch

2:00 pm Islamic Finance Products and Its Key Players• Unique features and characteristics of Islamic finance instruments• Islamic finance key industry players

3:15 pm Refreshments

3:30 pm Raising Investor Education Awareness of Islamic Finance• Malaysian Experience: SC’s role in re-creating different business

strategies through investor education • Raising the bar in developing the Islamic finance industry and

societies’ wellbeing via investor education

4:30 pm Discussion and Question & Answer Session

4:45 pm Day Debrief

5:00 pm End of Introductory Workshop

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9:00 am Doa’ Recital

9:05 am Welcome Remarks: Islamic Markets Programme 2014

9:15 am IMP 2014 Programme Briefing

9:30 am Photography Session and Refreshments

10:00 am Review of the Global Market Outlook and Future Potential for Islamic Finance Industry• New opportunities and prospects in Islamic markets• Risk sharing in Islamic finance• Achieving Maqasid Shariah

11:00 am Discussion and Question & Answer Session

11:15 am Participants’ Discussion: • In this session we invite you to discuss what “financial wellbeing”

means to you and how you expect to achieve it. What is the role of Islamic Finance in helping you achieve it?

• Financial wellbeing has been referred to as “making informed investment decisions in opportunities that positively impact your social, emotional and occupational wellbeing with a satisfactory financial return”.

12:15 pm Discussion and Question & Answer Session

12:30 pm Lunch

2:00 pm Tier-1 BASEL III Sukuk• Introduction of perpetual Sukuk• Case Study: Perpetual SukukvDiscussion on the benefits, cost and its competitive edgevDiscussion on other issues

3:00 pm Discussion and Question & Answer Session

3:15 pm Refreshments

3:30 pm Widening Opportunities for the Wellbeing of Societies• Investments in social projectsvCash Waqaf: Current and future prospectsvMarket acceptabilityvInitiatives in increasing products competitiveness

• Crowdfunding: The latest global financial services innovationvNew innovation: Opportunities through the models introduced

4:30 pm Discussion and Question & Answer Session

4:45 pm Day Debrief

5:00 pm End of Day 1

D A Y

Tuesday12 August 2014

BUILDING MORE PRODUCTIVE AND EFFICIENT MARKETS TO STRENGTHEN THE WELLBEING OF SOCIETIESBy the end of Day One, participants will be able to:

• identify current, new and wider investment opportunities for Islamic financial products.

• discuss the role of Islamic finance in strengthening the wellbeing of societies.

9 T H I S L A M I C M A R K E T S P R O G R A M M E 2 0 1 48

D A Y

Wednesday13 August 2014

STRENGTHENING THE REGULATORY FRAMEWORK TO FACILITATE SUSTAINABLE GROWTH OF ISLAMIC FINANCEBy the end of Day Two, participants will be able to:

• discuss the challenges of implementing the Islamic Financial Services Act (IFSA) 2013 and its impact on the capital market.

• explain how harmonised standards strengthen the Islamic financial services sector.

9:30 am Balancing Social Good and Strong Governance with Reasonable Financial Returns• Challenges of balancing market demands with Shariah principles• Managing investor expectations

10:45 am Discussion and Question & Answer Session

11:00 am Refreshments

11:15 am Panel Discussion• “What does it take to ensure sustainable development of global

Islamic finance?” • What are the expectations of IF intermediaries? What can we

do better?

12:15 pm Discussion and Question & Answer Session

12:30 pm Lunch

2:00 pm Challenges of Crafting and Implementing Regulatory Reform• Compelling rationale for change• Reaching out to industry stakeholders• Cost of compliance and time constraint issues

3:00 pm Discussion and Question & Answer Session

3:10 pm Refreshments

3:30 pm Theory and Practice of Harmonising Standards• Adoption of transparent disclosure to promote risk and profit

sharing in the Islamic financial industry• Case study: Expectations and realities of harmonising standards

4:30 pm Discussion and Question & Answer Session

4:45 pm Day Debrief

5:00 pm End of Day 2

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D A Y

Thursday14 August 2014

NATIONAL AND INTERNATIONAL CHALLENGES IN THE DEVELOPMENT OF ISLAMIC FINANCE By the end of Day Three, participants will be able to:

• describe the benefits and challenges of cross-border Islamic finance market integration.

• recognise the critical human capital talent issues confronting the growth of Islamic financial market.

9:30 am Strengthening International Outreach of Islamic Finance• Promoting a level playing field for Islamic financial solutions and

institutions across jurisdictions• Creation of opportunities for existing and new markets• Gaining global market access through branding strategy• Strategic positioning of Islamic finance

10:30 am Discussion and Question & Answer Session

10:45 am Refreshments

11:05 am Talent Attraction and Development Strategies for Islamic Capital Market (ICM) • The need for professionals to specialise in Islamic finance• Critical areas that require urgent ICM talent pool • Initiatives, schemes and programmes available to develop talent

in the market• Succession planning strategies

12:05 pm Discussion and Question & Answer Session

12:20 pm Closing Remarks and Certificate Presentation

1.00 pm Networking Lunch

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Securities Industry Development Corporation3, Persiaran Bukit Kiara, Bukit Kiara, 50490 Kuala Lumpur

ISLAMIC MARKETS PROGRAMME9th

Strengthening the Wellbeing of Societies11 – 14 August 2014 • Securities Commission Malaysia, Kuala Lumpur

A Malaysian Technical Cooperation Programme (MTCP)