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The conference will be inaugurated by H.E. Dr Burhanuddin Abdullah, Governor of Bank Indonesia, the central bank of Indonesia.
'This is the first undertaking by the IIFM in South-East Asia, an important and fairly developing market for Islamic finance,' said Mr. Ijlal Alvi, Chief Executive Officer of the Bahrain-based IIFM.
'Creating synergies and strong links between the major markets in Islamic business are critical to the success of IIFM's mission of developing and stimulating the Islamic capital and short term financial market.'
The theme of the conference, which be held on 11 September 2006, in general will be focus on assessing the achievements and shortcomings of the Islamic financial industry and future prospects as well as the importance of a robust Islamic capital market and short term financial market and; in particular the prospects of sukuks, Islamic money market and liquidity.
The conference will have a good blend of local Indonesian and international speakers. IIFM has arranged for 8 speakers who are international industry experts to present at the conference and workshop. Key speakers at the conference include Mr. A. Riawan Amin, President of Bank Muamalat, Indonesia; Mr. Khalid Hamad, Executive Director, Banking Supervision, Bahrain Monetary Agency, Bahrain; Mr. Azizan Abdul Rahman, Director General, Labuan Offshore Financial Services Authority (LOFSA), Malaysia; Mr. Lillian Le Falher, Manager Treasury, Kuwait Finance House, Bahrain; Mr. Mohsin Nathani, Managing Director, Global Islamic Finance, Citi Islamic Investment Bank, Bahrain and; Mr. Pervez Said, Director and Advisor, Islamic Banking Department, State Bank of Pakistan, Pakistan.
'The conference is aimed at local Indonesian and regional market players,' said Mr. Alvi. The focus will be on the development of the Islamic finance industry in Indonesia.
The conference will be followed by an International Workshop on Sukuk, on 12 September 2006. The specialized event, which will be inaugurated by H.E. Dr. Sri Mulyani Indrawati, Minister of Finance of Indonesia, will focus on the global sukuk market and its development as well as the prospects for sukuk and sukuk policy in Indonesia.
Prominent speakers at the workshop will include Dr. Mulia Nasution, Director General of Treasury at the Indonesian Ministry of Finance and Dr. Humayon Dar, Managing Director, Dar Al Istithmar; as well as high level industry executives from CIMB Islamic Malaysia, HSBC, Maybank Malaysia and regulatory bodies.
IIFM wishes to acknowledge the strong support of Bank Indonesia as Supporter of the event, Bank Muamalat Indonesia as Host and Dar Al Istithmar as Main Sponsor and LOFSA as Silver Sponsor of the conference and workshop.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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