The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), in partnership with Bank Negara Malaysia (BNM), will be hosting the Global Islamic Finance Forum 2022 (GIFF2022) in October.
Themed “Take the Reins”, the biennial forum first conceived in 2007, will bring together the best minds, leaders, and innovators of the industry to address issues, opportunities and imperatives required to bolster global leadership in Islamic finance.
“Panelists will offer a shariah take on metaverse assets; cryptocurrency; sustainability and technology; mobilising zakat, sadaqah and waqf; women leaders in Islamic finance; as well as emerging halal investment opportunities,” said AIBIM in a statement.
According to the association, BNM Governor Tan Sri Nor Shamsiah Mohd Yunus will deliver a keynote address at the forum, which will be held here on Oct 5 and 6, 2022.
“Among the key speakers include World Bank senior financial specialist Fredes Montes; Oliver Wyman partner Dan Jones; Monzo general manager Jordan Shwide; Innate Capital Partners chair/United Nations advisor on Islamic Finance Aamir Rehman; and mmob chief executive Irfan Khan.
AIBIM said the sessions will be divided into a public lecture by the recipient of the Royal Award for Islamic Finance 2022, and a fireside chat with Lembaga Tabung Haji chairman Tan Sri Azman Mokhtar on the future of Islamic finance.
“The challenges from the pandemic over the last couple of years have brought about vast changes. This is observed through the rise of Islamic consumption power which has transformed the global consumer landscape.
“The Islamic economy is now a crucial part of national recovery policies in more countries. In addition, the pandemic has accelerated digitalisation to promote financial inclusion,” said GIFF2022 chairman Arsalaan Ahmed.
These key changes, he said, coupled with the strong growth in Islamic finance, highlight that the Islamic community has vast influence and potential to lead and create a more balanced world, prioritising inclusivity and sustainability.
“In line with these global developments and Malaysia’s Financial Sector Blueprint 2022-2026, which aims to advance value-based finance through Islamic finance leadership, GIFF2022 will focus on enhancing the industry’s resilience to address the rapidly evolving economic, social, and environmental needs to bolster Islamic finance’s global leadership,” Arsalaan said.
Islamic finance rebounded strongly in the first half of 2021 with Islamic finance assets valued at US$3.6 trillion in 2021 and expected to reach US$4.9 trillion in 2025 (US$1=RM4.47).
Malaysia remained the global leader in Islamic finance and is ranked first among 81 countries for the ninth consecutive year in the Global Islamic Economy Indicator.—NTS