Singapore Islamic Finance Forum 2024

Unlocking the potential of Islamic Wealth Management for Regional Prosperity

7th & 8th Nov | Industry Roundtable & Scholars’ Session @ SMU School of Law

8th Nov | Public Forum @ Suntec Singapore Convention & Exhibition Centre

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SIFF 2024 Highlights Features Areas To Look Forward To:

Charting the Future of Islamic Finance and Wealth Management in Singapore: Lessons, Challenges, and Opportunities

The Industry Roundtable will address critical questions about the future of Islamic Finance in Singapore. This session will bring together local stakeholders to evaluate past efforts, examine the current state of the sector, and outline the strategic direction for the coming years. Through collaborative discussions, the roundtable aims to develop a comprehensive blueprint that will guide the growth of Islamic Finance in Singapore and set the agenda for future Singapore Islamic Finance Forums (SIFF).

  • Islamic Finance Players
  • Academics
  • Regulators
  • Asatizahs
  • Community Stakeholders
  1. White paper report on Roundtable Discussion
  2. White paper shared to stakeholders and authorities

7th November 2024

2.30 pm to 5.30 pm

Singapore Management University (SMU) Yong Pung How School of Law, Seminar Room 2-15

  1. Sukuk with Stochastic Coupons: A Mathematical Model
  2. A Non- Muslim’s 20 year journey in Islamic Finance 
  3. Tides of Risk: Unveiling Systematic Uncertainty in Islamic and Conventional Markets

The conference will feature a dedicated segment for the presentation of scholarly papers on Wealth Management and Investment Banking, attracting both local and international scholars. This segment aims to foster academic discourse, highlight innovative research, and encourage the exchange of ideas within the Islamic finance sector.

  • Shariah Committees
  • Academics
  • Regulators
  • Religious Intitutions
  • Islamic Financial Instititions

Publication of papers presented on WS Annual Review of Islamic Finance

8th November 2024

9 am to 12 pm

Singapore Management University (SMU) Yong Pung How School of Law, Seminar Room 2-05

  • Innovative Ideas and Instruments: Pushing for the development of new, original Islamic finance products.
  • Critical Analysis: A platform for examining the weaknesses and strengths of current Islamic finance practices.
  • Wealth Management and Investment Banking: Enhancing these sectors to attract regional and international players.
  • Global and Regional Dynamics: Understanding the implications of global liquidity in Islamic finance and positioning Singapore as a hub.

The Public Forum will offer key updates from the Scholars’ Session and Industry Roundtable, along with three concise presentations tailored for public understanding. It will also include an overview of the current trajectory of Islamic Finance and a panel discussion featuring Maybank and industry leaders, focusing on the future of Islamic Finance in Singapore.

  • Finance industry professionals
  • Academic Institutions
  • Regulators
  • Stakeholders
  • Religious Institutions
  • Members of the public
  1. Public Awareness and Education: A greater understanding of the Islamic finance sector among the public, particularly in areas like wealth management and investment banking.
  2. Industry Feedback and Collaboration: Input from key stakeholders and industry players, helping to shape the direction of Islamic finance in Singapore.
  3. Actionable Takeaways: Clear next steps for both policymakers and financial institutions to address challenges and explore opportunities in the Islamic finance landscape.
  4. Networking and Partnerships: Strengthened relationships between financial institutions, regulators, and other stakeholders to drive future initiatives.
  5. Consolidated Vision for the Future: A unified outlook on the future direction of Islamic finance, particularly in terms of growth, innovation, and regional collaboration.

8th November 2024

6.00 pm to 9.30 pm

Suntec Singapore Convention & Exhibition Centre, Room 331

Featured Speakers Finance Scholars Industry Professionals Shariah Scholars

GOH Mr Zainul Abidin Rasheed
GOH Mr Zainul Abidin Rasheed Non-Resident Ambassador to Kuwait Ministry of Foreign Affairs
Tan Sri Azman Mokhtar, Chairman, Malaysia International Islamic Finance Centre (MIFC) Leadership Council
Tan Sri Azman Mokhtar, Chairman, Malaysia International Islamic Finance Centre (MIFC) Leadership Council
Mr Anurag Mathur, Head, Group Islamic Wealth Management, Maybank
Mr Anurag Mathur, Head, Group Islamic Wealth Management, Maybank
Dr Eskandar Shah, Editor in Chief, WS Annual Review of Islamic Finance
Dr Eskandar Shah, Editor in Chief, WS Annual Review of Islamic Finance
Prof. Belal Baquie, Editor in Chief, WS Annual Review of Islamic Finance
Prof. Belal Ehsan Baaquie,Editor in Chief, WS Annual Review of Islamic Finance
Mr Abdul Halim, Head of Islamic Wealth Management, Maybank Singapore
Mr Abdul Halim, Head of Islamic Wealth Management, Maybank Singapore
Dr. Saad Azmat, Associate Professor of Finance and Associate Dean Research at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS)
Dr. Saad Azmat, Associate Professor of Finance and Associate Dean Research at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS)
Mr Sani Hamid, Director of Economy & Markets, Financial Alliance
Mr Sani Hamid, Director of Economy & Markets, Financial Alliance
Mr Ahmad Khalis, Of Counsel, K&L Gates
Mr Ahmad Khalis, Of Counsel, K&L Gates
Dr Angelo Venardos, Executive Director, Philadelphia Pte Ltd
Dr Angelo Venardos, Executive Director, Philadelphia Pte Ltd
Dr Muhammad Mahmudul Karim, Assistant Professor Southampton Malaysia Business School University of Southampton Malaysia
Dr Muhammad Mahmudul Karim, Assistant Professor Southampton Malaysia Business School University of Southampton Malaysia
Ustaz Kamal Mokhtar, Chairman, IFSG Shariah Consortium
Ustaz Kamal Mokhtar, Chairman, IFSG Shariah Consortium
Ustaz Munawwaruzzaman Mahmud, Head of Shariah Management, Maybank Islamic
Ustaz Munawwaruzzaman Mahmud, Head of Shariah Management, Maybank Islamic
Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme, Maybank Islamic
Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme, Maybank Islamic
Mr Shamsul Jangarodin, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)
Mr Shamsul Jangarodin, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)
GOH Mr Zainul Abidin Rasheed Non-Resident Ambassador to Kuwait Ministry of Foreign Affairs
GOH Mr Zainul Abidin Rasheed Non-Resident Ambassador to Kuwait Ministry of Foreign Affairs
Tan Sri Azman Mokhtar, Chairman, Malaysia International Islamic Finance Centre (MIFC) Leadership Council
Tan Sri Azman Mokhtar, Chairman, Malaysia International Islamic Finance Centre (MIFC) Leadership Council
Mr Anurag Mathur, Head, Group Islamic Wealth Management, Maybank
Mr Anurag Mathur, Head, Group Islamic Wealth Management, Maybank
Dr Eskandar Shah, Editor in Chief, WS Annual Review of Islamic Finance
Dr Eskandar Shah, Editor in Chief, WS Annual Review of Islamic Finance
Prof. Belal Baquie, Editor in Chief, WS Annual Review of Islamic Finance
Prof. Belal Ehsan Baaquie, Editor in Chief, WS Annual Review of Islamic Finance
Mr Abdul Halim, Head of Islamic Wealth Management, Maybank Singapore
Mr Abdul Halim, Head of Islamic Wealth Management, Maybank Singapore
Dr. Saad Azmat, Associate Professor of Finance and Associate Dean Research at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS)
Dr. Saad Azmat, Associate Professor of Finance and Associate Dean Research at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS)
Mr Sani Hamid, Director of Economy & Markets, Financial Alliance
Mr Sani Hamid, Director of Economy & Markets, Financial Alliance
Mr Ahmad Khalis, Of Counsel, K&L Gates
Mr Ahmad Khalis, Of Counsel, K&L Gates
Dr Angelo Venardos, Executive Director, Philadelphia Pte Ltd
Dr Angelo Venardos, Executive Director, Philadelphia Pte Ltd
Dr Muhammad Mahmudul Karim, Assistant Professor Southampton Malaysia Business School University of Southampton Malaysia
Dr Muhammad Mahmudul Karim, Assistant Professor Southampton Malaysia Business School University of Southampton Malaysia
Ustaz Kamal Mokhtar, Chairman, IFSG Shariah Consortium
Ustaz Kamal Mokhtar, Chairman, IFSG Shariah Consortium
Ustaz Munawwaruzzaman Mahmud, Head of Shariah Management, Maybank Islamic
Ustaz Munawwaruzzaman Mahmud, Head of Shariah Management, Maybank Islamic
Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme, Maybank Islamic
Dr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme, Maybank Islamic
Mr Shamsul Jangarodin, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)
Mr Shamsul Jangarodin, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)

Forum Overview

Period (Hrs)SessionSpeaker
1430 – 1435Opening by ChairDr. Muhd Ramadhan Fitri Bin Ellias, Director, Strategic Programme, Maybank Islamic
1435 – 1440Second Opening by the Vice ChairMr Anurag Mathur, Head of Group Islamic Wealth Management, Maybank
1440 – 1450Problem Statement #1 Presentation by Legal GroupMr Khalis, Of Counsel, K&L Gates
1450 – 1500Problem Statement #1 Presentation by Religious Institution GroupMr Shamsul, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)
1500 – 1510Problem Statement #1 Presentation by Financial Institution GroupMr Sani Hamid, Director of Economy & Markets, Financial Alliance
1510 – 1530Collective Discussion on Problem Statement #1 
1530 – 1540Resolution on Problem Statement #1IFSG & SMU IBFS Secretariat
1540 – 1550Break 
1550 – 1600Problem Statement #2 Presentation by Legal GroupMr Khalis, Of Counsel, K&L Gates
1600 – 1610Problem Statement #2 Presentation by Religious Institution GroupMr Shamsul, Deputy Director, Community Funds, Majlis Ugama Islam Singapura (Muis)
1610 -1620Problem Statement #2 Presentation by Financial Institution GroupMr Sani Hamid, Director of Economy & Markets, Financial Alliance
1620 – 1640Collective Discussion on Problem Statement #2 
1640 – 1650Resolution on Problem Statement #2IFSG & SMU IBFS Secretariat
1650 – 1700Summary and Closing 
1700 – 1715Networking 
Period (Hrs)SessionSpeaker
0900 – 0905Opening by Dr Eskandar Shah,Editor in Chief, Annual Review of Islamic Finance and Associate Professor at Hamad Bin Khalifa University
0905 – 0910Keynote speech by Maybank representativeDr. Ramadhan Fitri Ellias, Director, Islamic Finance Strategic Program, Maybank Islamic
0910 – 1010 (60 Mins)Paper #1 Presentation, Q&A and Discussions: Sukuk with Stochastic Coupons: A Mathematical ModelProf Belal Ehsan Baaquie, Advisor, Helix Technologies
1010 – 1110 (60 Mins)Paper #2 Presentation, Q&A and Discussions: A Non- Muslim’s 20 year journey in Islamic FinanceDr Angelo Venardos, Executive Director & Founder, Heritage Trust Group
1110 – 1125Break
1125 – 1225 (60 Mins)Paper #3 Presentation, Q&A and Discussions: Tides of Risk: Unveiling Systematic Uncertainty in Islamic and Conventional MarketsDr Muhammad Mahmudul Karim, Assistant Professor of Finance, Southampton Malaysia Business School, University of Southampton, Malaysia
> 1225 Networking
Period (Hrs)SessionSpeakers
1800 – 1850Guests arrive for Dinner and networking
1850 – 1910Prayers
1910 – 1920GOH Opening SpeechMr Zainul Abidin Rasheed, Non-Resident Ambassador to Kuwait, Ministry of Foreign Affairs
1920 – 1930Second Opening Speech by Maybank RepresentativeMr Anurag Mathur, Head, Group Islamic Wealth Management, Maybank
1930 – 1950Keynote Speech + Q&ATan Sri Azman Mokhtar, Chairman, Malaysia International Islamic Finance Centre (MIFC) Leadership Council
1950 – 2035Panel Session with Maybank and industryModerator: IFSG Representative
Panelist 1: Ustaz Munawwaruzzaman Mahmud, Head of Shariah Management, Maybank Islamic
Panellist 2: Maybank Shariah Committee
Ustaz Kamal Mokhtar, Chairman, IFSG Shariah Consortium
2035 – 2045Break
2045 – 2130

Academic Paper Presentations:

  1. Sukuk with Stochastic Coupons: A Mathematical Model
  2. A Non- Muslim’s 20 year journey in Islamic Finance
  3. Tides of Risk: Unveiling Systematic Uncertainty in Islamic and Conventional Markets
Prof. Belal Ehsan Baaquie, Advisor, Helix Technologies
Dr. Muhammad Mahmudul Karim, Assistant Professor of Finance, University of Southampton Malaysia
Dr Angelo Venardos, Executive Director, Philadelphia Pte Ltd
2130 – 2135Closing by EiCWorld Scientific
> 2135Picture taking and End

Why Join the Singapore Islamic Finance Forum?

You are a finance professional
Networking Opportunities : Connect with industry leaders, potential clients, and key stakeholders from the ASEAN and GCC regions, offering opportunities to expand business partnerships and investment networks.
You are an Asatizah
Shariah Compliance Understanding : Deepen your knowledge of Islamic financial products and how they align with Shariah principles, ensuring that the community’s financial needs are addressed in accordance with Islamic teachings.
You are a student
Learning Opportunity: Gain insights from industry professionals, scholars, and thought leaders in Islamic finance, expanding your knowledge beyond academic studies.
You are an academic
Academic Contributions: Present and discuss research on Islamic finance, wealth management, and investment banking, contributing to the development of this growing sector.
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Venues

Industry Roundtable & Scholars' Session

Industry Roundtable

  • 7th November 2024
  • 2.30 pm to 5.30 pm
  • SMU, Yong Pung How School of Law Seminar Room 2-15
Scholars’ Session
  • 8th November 2024
  • 9.00 am to 12.00 pm
  • SMU, Yong Pung How School of Law Seminar Room 2-05

Public Forum

Public Forum
  • 8th November 2024
  • 6.00 pm – 9.30 pm
  • Suntec Conventions and Exhibition Centre, Room 331

Questions?

Contact us!