6th islamic financial services board summit

The Future of Islamic Financial Services

Wednesday, 6th May 2009 (20:00 - 22:00)

20:00 - 22:00

Summit Welcome Dinner
Hosted by Monetary Authority of Singapore

Day 1
Thursday, 7th May 2009 (08:30 - 21:30)

08:30 - 09:30

Registration

09:30 - 10:30

Opening and Keynote Session

10:30 - 11:00

Networking Session and Coffee Break

11:00 - 12:30

Session 1: The Islamic Financial Services Landscape

  1. Where is the Islamic financial services industry (IFSI) in terms of its current level of development and soundness vis-a-vis conventional finance?
  2. What is the potential growth of the IFSI? Is consolidation among market players and realignment of business structure imminent in view of the nature of the Islamic financial services industry and the need to compete with conventional institutions?

12:30 - 14:00

Luncheon and Keynote Address

14:00 - 15:30

Session 2: Competitive Strategies of the Islamic Financial Services Industry

  1. Are the current strategies adopted by IFSI market players effective to compete at the global level in the long run?
  2. What are the key issues that must be addressed to further raise competitive elements of institutions offering Islamic financial services (IIFS)? Should there be convergence with conventional financial market to raise the competitiveness of the IFSI?
  3. What are the roles of the relevant stakeholders in raising the competitiveness of domestic IFSI environment?

15:30 - 16:00

Networking Session and Coffee Break

16:00 - 17:30

Session 3: Role of Non-Bank Financial Institutions in the Future of Islamic Finance

  1. Should there be segregation between Islamic capital markets, takaful industry and other non-bank financial institutions (NBFI) and Islamic banking business?
  2. Will non-bank financial institutions (insurance firms, securities firms, securities brokers and dealers, finance companies, micro finance institutions, leasing companies, asset management companies etc) have more roles in the future of IFSI? Should there be a convergence and cross sector consolidation of banking and non banking activities in order to enhance IIFS competitiveness?
  3. Are there adequate structures, policies and support from the relevant agencies including multilateral agencies to realise the potential of these sectors?
  4. What are the challenges and obstacles facing the Islamic capital market and NBFI?

20:00

Gala Dinner and Keynote Address

Day 2
Friday, 8th May 2009 (09:30 - 14:00)

09:30 - 11:00

Session 4: Direction of Regulatory Policies

  1. What would be the potential policy issues in view of the convergence of banking and commercial activities of IIFS?
  2. What is the effective supervisory structure for the IFSI in view of the global and cross-sectoral nature of the industry? What will be the issues and challenges facing regulatory authorities? What are the key factors to effective government regulation?
  3. Should there be harmonisation and minimum standards for regulatory policies?
  4. What would be the impact to the IFSI brought about by the changing corporate governance environment and framework?

11:00 - 11:30

Networking Session and Coffee Break

11:30 - 13:00

Session 5: Direction of Development Policies

  1. What infrastructures are required to support the future growth of the industry?
  2. Who should lead the development initiatives of the industry going forward, regulators or market players? What are the roles of multilateral agencies in the development of IFSI?
  3. Can the IFSI develop competitive and sustainable revenue models in the future? What are the impediments in achieving this?

13:00

Lunch and End of Summit

End of Summit

Register