www.ifsb.org -Malaysia Leverages its Islamic
Finance Experience to Promote Global Financial Linkages at Country
Showcase during 9th Annual IFSB Summit in Istanbul
Kuala Lumpur, 10 May 2012 – Malaysia will showcase its vast experience in Islamic banking and finance with a Country Showcase event preceding the 9th Annual Summit of the Islamic Financial Services Board (IFSB) which is scheduled to be held on 16 - 17 May 2012 at the Swissotel, The Bosphorus in Istanbul, hosted for the first time by the Central Bank of the Republic of Turkey. (source)
Themed, “Promoting Greater Financial and
Economic Linkages through Islamic Finance”, the Malaysia Country
Showcase is organised by Bank Negara Malaysia (BNM) in association with
the Malaysia International Islamic Finance Centre (MIFC) Initiative,
whose objective inter alia is to consolidate Kuala Lumpur as a major
global Sukūk origination hub.
The aim is also to provide a platform for Malaysian Islamic financial institutions, asset management companies, Takāful
firms and other entities such as Khazanah Nasional Berhad, the
Malaysian sovereign wealth fund (SWF) and the Employees Provident Fund
(EPF), the state pension fund, to articulate their advisory and
structuring business, and to discuss investment opportunities further
afield in the pursuit of a diverse and higher range of risk/rewards.
The Malaysia Country Showcase will open
with a welcoming remark by Encik Bakarudin bin Ishak, Assistant
Governor, Bank Negara Malaysia.
The main session of the Showcase is a
Panel Discussion that will be moderated by Haslinda Amin, News
Correspondent & Anchor at Bloomberg TV. The panelists include Ilker
Ayci, President, Investment Support and Promotion Agency of Turkey
(ISPAT); Tim Leissner, Co-President & Managing Director, Goldman
Sachs (Singapore) Pte; Azman Mokhtar, Managing Director, Khazanah
Nasional Berhad; and Rafe Haneef, Chief Executive Officer, HSBC Amanah
Malaysia Berhad.
The Country Showcases, a traditional
pre-Summit event is an important platform for IFSB member and non-member
countries to present their Islamic finance initiatives and share their
experiences in adopting and promoting the growth of a sound and stable
Islamic financial services industry.
The theme of this year’s Summit, “Global
Financial Reforms: The Changing Regulatory Model and Islamic Finance”,
aims to evaluate whether reforms in financial regulation structure and
prudential standards equally equip the Islamic financial services
industry in addressing its future challenges as well as in identifying
the priority areas in the prudential regulation of Islamic finance that
may need focus and attention by regulators and market players alike.
The main Summit sessions are
“International Regulatory Initiatives to Enhance Global Financial
Stability”; “Impact of International Regulatory Initiatives on the
Islamic Financial Services Industry”; “Regulatory Harmonisation and
Cross-border Linkages in Islamic Finance”; “Global Financial
Infrastructure of Islamic Finance”; and “Global Regulatory Reform and
the Prospects for the Islamic Financial Services Industry”.
Another traditional pre-IFSB Summit
event is a “Special Session in the afternoon of the same day of the
Country Showcases, which normally focuses on a pertinent issue facing
the industry. This year’s Special Session is titled, “Promoting
Financial Inclusion through Islamic Microfinance” of which Malaysia and
Bank Negara is a proactive advocate.
For more details on the 9th IFSB Summit and pre-Summit events, please visit www.ifsbistanbul2012.com or email yazmin@ifsb.org
Source: http://www.ifsb.org/preess_full.php?id=188&submit=more - May 10, 2012
