Islamic Finance OJK 2015


​"Infrastructure Financing: The Unleashed Potential of Islamic Finance"

I. Background

Global Islamic finance has been growing rapidly in recent years, with 10%-12% growth annually. According to a World Bank report, the global Islamic finance industry reached approximately USD 2.1 trillion in 2014, witnessing double-digit growth across all sectors of the Islamic financial services industry.

However, despite its rapid growth, Islamic finance's contribution to the global economy has not been very considerable.

On the other hand, infrastructure development is an essential driver for economic growth. A well-designed infrastructure program has long-term economic benefits as they can raise economic growth, productivity and create other positive impacts. Islamic finance has strong potentials to support infrastructure programs, such as in Indonesia. However, those good potentials of Islamic finance in the infrastructure financing have not been earnestly explored.

Another World Bank report on infrastructure stated that developing countries spend about $1 trillion a year on infrastructure. As such, an additional $1-1.5 trillion will be needed by Indonesia through 2020 for projects such as water, power and transportation. Given the huge potential of Islamic finance, it is therefore timely to increase the role of Islamic finance in the infrastructure financing, whether through sukuk issuance, Islamic banking financing, or other appropriate scheme for infrastructure.

OJK urges the Islamic finance industry to unleash its potential, particularly in supporting infrastructure projects that the developing countries need most. It is also believed that, in doing so, Islamic finance's role will be more paramount in both domestic and global level as its contribution to the global economic growth largely increased.

Taken those issues into consideration, this upcoming OJK International Conference: "Islamic Infrastructure Financing: Unleashing Islamic Finance Potential" is aimed to discuss the potentials of Islamic finance, and to find ways to effectively unlock those potentials, particularly in the nuance of infrastructure financing.

It is expected that through the exchange of knowledge and experiences among prominent experts and experienced industry players, these hidden potentials could be unleashed, challenges could be addressed and successful stories could be replicated in countries in dire need of infrastructure development.

II. Total Participant

The total estimated participants who will attend the conference is about 300 people; consist of industry players, experts, scholars, researchers, government officials and other-stakeholders.

III. Time and Place

The conference will be held at:

Date		: 12-13 November 2015
Time 		: 08.30 AM - 04.30 PM (GMT +7)
Place		: Kempinski Grand Ballroom, 
              11th Floor, West Mall Grand Indonesia Shopping Town, Jakarta Pusat

DAY 1:

Keynote session 1, Nelson Tampubolon
Chief Executive of Banking Supervisors, OJK

Keynote session 2, Nurhaida
Chief Executive of Capital Market Supervisors, OJK
2.nurhaida.pdf roadmap_pm_syariah.pdf

Keynote session 3, Firdaus Djaelani
Chief Executive of Non-Bank Financial Institutions Supervisor, OJK

"The Role of Banking in Infrastructure Financing"
Dr. Zamir Iqbal, Head, Global Centre for Islamic Finance Development, Turkey

"Structuring Islamic Project Financing"
Muzaffar Hisham, CEO, Maybank Islamic Berhad

"Revisiting Islamic Financing Syndication"
Mohamed HediMejai, Director of the Investments Department

"Bank long term funding: non-traditional products and business models"
Michael Mc Millen, Lawyer in Project Financing, US

"Municipal Sukuk: Potential Infrastructure Funding"
Ahmad Heryawan, Lc., Governor of West Java

"Project Based Sukuk: Indonesia Case"
Suminto, Director of Islamic Financing, Directorate of Budget Financing and Risk Management

"Alternative Capital Market Finnacing for Infrastructure"
Mustafa Tasdemir, financial Sector Specialist, Global Centre for Islamic Finance Development, World Bank Group


Day 2:

"Challenges in Infrastructure Financing in Developing Countries"
Noureddine Krichene, Former Advisor IDB, Former Economist IMF

"Infrastructure Financing in Indonesia: government policy and the opportunity"
Tuti Riyanti, Director, Development Financing, National Development Planning Agency (Bappenas)

"Product and Scheme of Islamic Infrastructure Financing"
Agus Iman Solihin, PT. Sarana Multi Infrastruktur

"Risk Management in Infrastructure Financing"
Muhamed Ishtiaq Akbar, Infrastructur Department, IDB

"The Cost of Capital for Infrastructure Investment and the Allocation of Risk"
Stephen Vineburg, CEO, Asma Capital-IDB Infrastructur Fund II

"Small Scale Infrastructure Financing-World's Best Practices"
Dr. Dawood Ashraf, Senior Researcher, IRTI, IDB

"Social Infrastructure/Endowment Fund"
Dr. Dadang Muljaman, Deputy Director, Macropudential Policy Departent, Bank Indonesia

"Islamic Private Equity Fund"
Syafii Antonio, Sharia Economist

Otoritas Jasa Keuangan

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