International Shariah Investment Convention

Oxford Business Group is pleased to announce our media partnership with the International Shariah Investment Conference, which will be held on 30 November 2010 – 1 December 2010, in Kuala Lumpur, Malaysia. In this respect, we send you the following message from the conference organisers:

Dear Oxford Business Group subscribers,

INTERNATIONAL SHARIAH INVESTMENT CONVENTION (ISIC)

Background The Islamic capital market evolution has demonstrated strong interest from the global players and regulators recently amid the doubt on whether the system is an alternative. The world is looking for a model that can co-exist with the current conventional system to provide the right solution. A strong interest of Islamic finance particularly on Islamic investment products and Sukuk products and applications beyond the Muslim world, has taken place glaringly after the 2008 global financial crisis and more recently after the Greece debt crisis. The practice of the conventional financing system that is basically based on excessive debt and speculation has failed cataclysmically. Hence the focus now is polarising towards making the Islamic capital market instruments not just active but to enhance these instruments to become more reliable and efficient as the major factor of growth post crisis.

Islamic capital market instrument plays a significant role in the global economy and has strongly influenced conventional finance systems. More and more countries beyond the Muslim countries are committed to making the regulatory frameworks that govern financial institutions to be flexible enough to accommodate Islamic banking products and services. One of the unique features of Islamic finance product is the risk-sharing approach. Risk sharing approach can demonstrate the true spirit of ethical investment and involving in real economic activities that would promote stability. Recently there were strong voices by the Islamic finance experts and scholars for Islamic finance to use more equity-based structures such as Musharaka and Mudaraba in order to reduce the over reliance on debt funding.

ISIC Focus Events on Islamic finance have been numerous in various jurisdictions; ISIC focuses on finding the right path to help the Islamic finance industry particularly in the space of Islamic funds and Sukuk to gain back the momentum in global financial markets post crisis. The 2-day high-profile event to be held on the 30th November and 1st December 2010 aims to address the uncertainties in the industry by providing a platform for all stakeholders both local and international to debate and share the perspectives on how to bring this Shariah investment industry forward making it the preferred scheme of investment in all complaint activities across the globe.

The organisers will be hosting representatives from organisations that represent the complete spectrum of regulators, investors, fund managers and media to participate and interact during this event. In short, this event seeks to put most of the issues confronting Islamic investment in a novel perspective and to be presented in a practical manner by the practitioners themselves. The key objectives are to discover the path of recovery, unlock the potentials and to initiate innovative products and structures in the journey of the recovery and unlocking the potentials of Islamic investment and Sukuk.

For more information please contact Haslizah Hassan on +603 2164 1651 or haslizah@amanie.com.my