Kuala Lumpur hosts the Global Islamic Finance Forum 2022 on October 5-6

Kuala Lumpur – The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), in partnership with the Central Bank of Malaysia, is organizing the Global Islamic Finance Forum 2022 (GIFF2022) on October 5-6 in Kuala Lumpur.

The biennial forum conceived in 2007, themed “Take the reins”, will bring together the best minds, leaders and innovators in the industry to address the issues, opportunities and imperatives needed to build global leadership in Islamic finance.

Speakers will discuss the role of Islamic finance in promoting digitalization, sustainability, inclusiveness and social finance. Panelists will offer Sharia insight into metaverse assets; cryptocurrency; sustainability and technology; mobilize Zakat, Sadaqah and Waqf; women leaders in Islamic finance; as well as new halal investment opportunities.

Keynote speakers include Frede MontesSenior Financial Specialist, World Bank; Dan Jonespartner, Oliver Wyman; Jordan ShwideManaging Director, Monzo; Aamir RehmanChairman, Innate Capital Partners/UN Advisor on Islamic Finance; Irfan KhanCEO, mmob; Rafe HanefCEO, Group Transaction Banking and CIMB Foundation; Thomas Tsaoco-founder, Gobi Partners; Daeng Termizi, Founder and COO, Kestrl; and Bertug OngidenHead of Global Strategy and Operations, Revolut.

There will be two special sessions: a public lecture by the recipient of the Royal Islamic Finance Prize 2022, and a fireside chat with Azman Mokhtar, on the future of Islamic finance. Bank Negara Malaysia Governor, Nor Shamsiah Mohd Yunus will deliver a keynote address.

GIFF2022 President Arsalaan Ahmed said, “The challenges of the pandemic over the past two years have brought about vast changes. This is seen through the rise of Islamic consumer power that has transformed the global consumer landscape. The Islamic economy is now a crucial part of national recovery policies in more countries. Additionally, the pandemic has accelerated digitalization to promote financial inclusion.

“These key changes, coupled with the strong growth of Islamic finance, underscore that the Islamic community has vast influence and potential to lead and create a more balanced world, prioritizing inclusiveness and sustainability.”

Islamic finance rebounded strongly in the first half of 2021. Islamic finance assets were valued at US$3.6 trillion in 2021 and are expected to reach US$4.9 trillion in 2025. Malaysia remained the world leader in Islamic finance and ranks first among 81 countries for the ninth consecutive year in the Global Islamic Economy Index. [1]

“In line with these global developments and the Malaysian Financial Sector Master Plan 2022-2026, which aims to advance value-based finance through Islamic finance leadership, GIFF2022 will focus on building industry resilience to respond to rapidly changing economic, social and environmental needs in order to strengthen the global leadership of Islamic finance,” Arsalaan added.

Value-based finance aims to enhance the roles of Islamic financial institutions while giving equal importance to social, ethical and environmental considerations to ensure sustainable value creation.

To register for GIFF2022, go to www.giff-aibim.com

[1] Dinar Standard State of the World Islamic Economy Report 2022 (9th Edition)

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