The International Islamic Financial Market (IIFM) and Bank Indonesia successfully organised a specialised session on Islamic finance as part of the fourth annual Indonesia Shari’ah Economic Festival on November 7 in Surabaya, Indonesia. The full day event was part of the IIFM’s effort to brief the markets in its member jurisdictions on IIFM standards as well as provide update on the latest developments in the Islamic finance industry globally.
The event was attended by more than 200 delegates from regulatory bodies, banks, Indonesia National Shari’ah Board, ministries, industries, academics and other market players based in Indonesia and the region. The sessions on Islamic hedging and liquidity management provided briefings particularly relating to IIFM standards in these areas. The session on Sukuk covered the latest trends, developments and challenges in the global as well as Indonesian Sukuk market by expert speakers in the field. There was also a session organized by Bank Indonesia on Islamic financial market development in Indonesia where the experts provided the audience with a detailed briefing on Islamic hedging and liquidity management regulations and practices in Indonesian domestic market.