On course for success

Conference aims to propel Islamic capital market to higher level

THE Centre for Islamic Banking, Finance and Management (CIBFM) and its event partner, the International Centre for Education in Islamic Finance (INCEIF), yesterday hosted the Brunei Darussalam Islamic Capital Market (BICAM) Conference 2018 at The Rizqun International Hotel, with the support of Autoriti Monetari Brunei Darussalam (AMBD).

The guest of honour was Minister of Home Affairs and Deputy Chairman of AMBD Board of Directors Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Haji Awang Abu Bakar bin Haji Apong.

The event began with the recitation of Surah Al-Fatihah by officer at the Ministry of Religious Affairs Haji Sahri bin Murat.

Managing Director of AMBD and the Chairman of CIBFM Yusof bin Haji Abdul Rahman said that the main objective of the conference is to provide a platform for speakers, panellists and participants to share knowledge, experience and perspectives on the topic of ‘Islamic Capital Market: Its Role in Catalysing Economic Growth’ and to deliberate further on key issues touching on transformative regulations, cross-border integration and digital disruptors.

“These discussions will provide important insights on how we can take a leap forward together in providing innovative and practical solutions to propel Islamic capital market and Islamic finances in general to a higher level,” he said.

Minister of Home Affairs and Deputy Chairman of AMBD Board of Directors Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Haji Awang Abu Bakar bin Haji Apong with other senior officials during the event. 
Managing Director of AMBD and Chairman of CIBFM Yusof bin Haji Abdul Rahman witnesses the exchange of MoUs between CIBFM and INCEIF

“More importantly, the key takeaways from this conference will be on how to harness Islamic capital market capability to drive sustainable economic development and growth in ways that are more equitable and inclusive.”

Among the featured topics are ‘Capital Market and Islamic Finance: Synergies and Opportunities’, ‘Role of Islamic Finance in ASEAN Capital Market Integration’ and ‘Green Investments – Increasing Global Competition in the Sustainable Business’.

A Memorandum of Understanding (MoU) was signed between CIBFM and INCEIF to formalise the cooperation between the two organisations in the advancement of Islamic finance development and training through joint collaboration, training programmes and knowledge-sharing.

Signing on behalf of CIBFM was Acting Deputy Chief Executive Officer of CIBFM Hajah Sufinah binti Haji Sahat, while INCEIF was represented by President and Chief Executive Officer of INCEIF Professor Dato’ Dr Azmi Omar.

The MoU signing was witnessed by Yusof.

Also present during the signing ceremony was the permanent secretaries and deputy permanent secretaries at the Ministry of Home Affairs, Ministry of Finance and Economy and Ministry of Education and members of the AMBD Board of Directors, the Syariah Financial Supervisory Board and the CIBFM Board of Directors.

The BICAM Conference marks the first collaboration under the MoU, as one of many events organised by the CIBFM to promote and develop Islamic finance in Brunei Darussalam.

The CIBFM will be organising another seminar in November in collaboration with the Islamic Research and Training Institute (IRTI).

source: https://borneobulletin.com.bn/conference-aims-to-propel-islamic-capital-market-to-higher-level/

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