Organised by

“CAN THE INDONESIA ISLAMIC FINANCE SUSTAIN THE HIGH GROWTH REGIME UP TO 2015 BEYOND?”

20 - 21 April 2011, Yogyakarta

The Islamic finance industry has shown its resilience

from the recent financial turbulence. Although not completely

immune from the economic consequences of the crisis, Islamic

finance has maintained its double digit growth for the past

several years and is increasingly recognized as one of the most

prospective industry. Without exemption, Islamic finance in

Indonesia, home for largest moslem population in the world,

also marked an impressive average growth of 39% per annum

in the last three years.

In the mean time, Indonesia's strong economic

performance during the crises underpined by increasingly

positive expectation of global economic recovery since late

2010, spurs more optimism both in domestic and global market

that Indonesian economy will enjoy higher growth in 2011.

This situation in turn will boost further development of Islamic

finance industry in Indonesia. At this point of time, it is worth

to reflect on several key issues within the Islamic finance industry

that will determine its capabilities to withstand future challenges

and maintaining the growth rate. Bank Indonesia will facilitated

the deliberation of those issues in seminar with the main theme

“Can The Indonesia Islamic Finance Sustain The High

Growth Regime Up To 2015 Beyond?”. Issues discussed in

the seminar would benefit regulators and standard setters, as

well as practitioners in promoting further development of the

Islamic finance industry, as it will address the following topics:

• Does Islamic Banking Promote Economic Development and

Financial Stability

• The Role of the Government and Central Bank in Supporting

the Islamic Banking Development

• Filling the Gap in the Islamic Banking Industry: Human

Resources Issues

• Moving towards the Sharia convergence

• Islamic Finance Product Development: Challenges and the

Way Forward

The seminar will be held for two days, Wednesday-

Thursday, 20-21 April 2011 in the exotic city, Yogyakarta. There

is no tuition fee (free of charge). However, there are only 200

seats available on the first come first serve basis. For further

information please visit www.bi.go.id or if you have any inquiries

please contact Mr. Ahmad Sofyan holidi at Fax No: +6221

3501990 Tel. No: +6221 3817763, e-mail: asholidi@bi.go.id

and cc. to Mr. Nurhadi at e-mail: nurhadi@bi.go.id

BANK INDONESIA ANNUAL SEMINARINTERNATIONAL ISLAMIC FINANCE

CONFIRMED SPEAKERS & MODERATORS

Dr. Halim AlamsyahDeputy Governor Bank Indonesia

Prof. Maximilian J.B. HallProfessor on Financial Regulation from Loughbourough University UK

Mr. Badlisyah Abdul GhaniCEO CIMB Islamic Malaysia

Adrian GunadiDirector Bank Muamalat Indonesia

Dato' Mohd Razif bin Abd KadirMalaysia International Islamic Financial Centre (MIFC), Deputy Governor - Bank Negara Malaysia

Sigit Pramono SEBI Islamic Economics School

Dato’ Agil nattPresident and CEO - INCEIF

Dr. Subarjo JoyosumartoInstitute of Indonesian Banking Development

RizqullahChief Executive Director BNI Syariah

Prof. Dr. Suroso Imam JazuliUniversity of Airlangga - Indonesia

Adiwarman KarimKarim Business Consulting, Member of National Sharia Board - Indonesian Ulama Council

Cecep M. HakimBank Researcher - Bank Indonesia, Member of National Sharia Board - Indonesian Ulama Council

Ventje RahardjoCEO of BRI Syariah

Afaq KhanCEO Standard Chartered Saadiq

Yuslam FauziPresident Director Bank Syariah Mandiri

Sirajulhaq YasiniHSBC Amanah Middle East limited

Sheikh Nizam YaqubiSAC CIMB Islamic Malaysia andHSBC Amanah

Prof. Mahmood FaruquiSenior Advisor Bank of London and The Middle East Plc, UK

Dr. Eli RemolonaHead of Bank for InternationalSettlements, Asia Pacific

Mr. Humphrey PercyChief Executive Officer Bank of London and The Middle East Plc, UK

Prof. Sofyan Syafri Harahap Trisakti University - Indonesia

Dr. Mulya E. SiregarDirector - Directorate of IslamicBanking, Central Bank of Indonesia

Dr. Mustafa Edwin NasutionUniversity of Indonesia, Chairman of The Indonesian Association of Islamic Economists

Prof. Bambang P.S. Brodjonegoro Head of Fiscal Policy Bureau - Ministry of Finance, Republic of Indonesia

Dr. Ahmed Rufai Mohammed International Islamic Financial Market

Dr. Syafii AntonioMember of National Sharia Board - Indonesian Ulama Council

Topics SEMINAR PROGRAMME Topics SEMINAR PROGRAMMETimeWednesday, April 20th, 2011

Thursday, April 21st, 2011

08.45 – 09.00

09.00 – 09.40

09.40 – 10.00

10.00 – 12.30

12.30 – 13.30

13.30 – 16.30

08.00 – 10.00

Time

Nurturing the capable workforce for the Islamic banking industry.Dato’ Agil Natt (President and CEO - INCEIF)

The suitable training and courses for human resources of Islamic banks.Dr. Subarjo Joyosumarto (Institute of Indonesian Banking Development)

The expectation and perception of Islamic banks towards the ideal human resources.Mr. Rizqullah (Chief Executive Director, BNI syariah)

Moderator: Prof. Suroso Imam Jazuli (University of Airlangga)

Coffee Break

Session 4Moving towards the Sharia convergence.Concerning the various unresolved Sharia issues in Islamic banking, this session will elaborate how we move towards the Sharia convergence and meet the Sharia requirements. Further, we will discuss how we find references in relation to issuing verdict (fatwa) and the role of National Sharia Board (DSN).

The unresolved Sharia issues.Syeikh Nizam Yaqubi (SAC CIMB Islamic Malaysia & HSBC Amanah)

The Sharia (non) compliance of the current practices of Islamic banking.Mr. Adiwarman Karim (Karim Business Consulting, Member of National Sharia Board- Indonesian Ulama Council)

How Islamic banks meet the Sharia compliance?Dr. Ahmed Rufai Mohammed (IIFM)

The consequence and impact of the non Sharia compliance in banking transactions.Dr. Syafii Antonio (Member of National Sharia Board - Indonesian Ulama Council)

Moderator: Mr. Cecep Maskanul Hakim (Bank Researcher - Bank Indonesia, Member of National Sharia Board - Indonesian Ulama Council)

Lunch Break

Session 5Islamic Finance Product Development: Challenges and the Way Forward.This last session will talk about the challenges in designing, proposing and developing new Islamic banking products. This session also aims to encourage Islamic banks to develop their banking products.

Product Development in Malaysian Islamic Banking.Mr. Badlisyah Abdul Ghani (CEO, CIMB Islamic Malaysia)

Product Development in Indonesian Islamic Banking. Mr. Ventje Rahardjo (CEO, BRI syariah)

The consequence and impact of the non Sharia compliance in banking transactions.Mr. Afaq Khan (CEO Standard Chartered Saadiq)

The challenges and future of product development in Islamic Banking.Mr. Yuslam Fauzi (President Director, Bank Syariah Mandiri)

Moderator: Mr. Sirajulhaq Yasini (HSBC Amanah Middle East Limited)

ClosingDr. Mulya E Siregar (Bank Indonesia)

10.00 – 10.20

10.20 – 12.30

12.30 – 13.30

13.30 – 16.00

16.00 – 16.30

Jogjakarta City Jogjakarta City (also Jogja, Yogya,

Jogjakarta) is a city in the Yogyakarta Special Region, Indonesia. It is

renowned as a centre of classical Javanese fine art and culture such as

batik, ballet, drama, music, poetry, and puppet shows. It is also famous as a

centre for Indonesian higher education and the seat of Gadjah Mada University,

one of the three most prestigious universities in Indonesia. Yogyakarta was the Indonesian capital during the Indonesian National Revolution from

1945 to 1949.

Search:http://en.wikipedia.org/wiki/Yogyakarta_(city)

: 5:43 AM - 18/03/11

Opening Remarks by Director of Islamic Banking Department, Dr. Mulya E. Siregar

Keynote Speech by Deputy Governor Bank Indonesia, Dr. Halim Alamsyah

Coffee Break

Session 1Does Islamic Banking Promote Economic Development and Financial Stability? This session will discuss about the importance of developing Islamic banking for the economy. It will also talk about what are the roles of Islamic banking in supporting the stability of the Indonesian, regional and global economy.

The recent global financial crisis and its impact to the international financial architecture. Prof. Maximilian J. B. Hall (Loughborough University)

What went wrong to the international financial market and the way forward?Dr. Eli Remolona (Head of Bank for International Settlements, Asia Pacific Office)

How Islamic banking promotes the economic development and financial stability?Prof. Mahmood Faruqui (Senior Advisor, Bank of London and the Middle East Plc)

The role of Islamic banking in the Indonesian economic development.Dr. Mulya E. Siregar (Director - Directorate of Islamic Banking, Bank Indonesia)

Moderator: Dr. Mustafa Edwin Nasution (University of Indonesia, Chairman of The indonesian Association of islamic Economists)

Lunch Break

Session 2The Role of the Government and Central Bank in Supporting the Islamic Banking Development.This session will elaborate how the government involves in fostering the development of Islamic banking.

The possible government support to gain the global competitiveness of Islamic banking.Prof. Bambang P. S. Brodjonegoro (Head of Fiscal Policy Bureau - Ministry of Finance, Republic of Indonesia)

The government and Islamic banks cooperation to develop the economy.Mr. Adrian Gunadi (Director, Bank Muamalat Indonesia)

The role of the Malaysian government and the central bank to develop Islamic banking.Dato' Mohd Razif bin Abd Kadir (Malaysia International Islamic Financial Centre, Deputy Governor - Bank Negara Malaysia)

The favorable environment provided by the government to promote Islamic banking.Mr. Humphrey Percy (Chief Executive Officer Bank of London and the Middle East Plc)

Moderator: Prof. Sofyan Syafri Harahap (Trisakti University)

Session 3Filling the Gap in the Islamic Banking Industry: Human Resources Issues.This session will discuss how we fulfill the huge demand for human resources in Islamic banking as long as the progressive development of Islamic banking and the preparation for the Asean Economic Community (AEC).

The contribution of universities to prepare human resources for Islamic banks.Mr. Sigit Pramono (SEBI Islamic Economics School)