PROFESSIONAL DEVELOPMENT
Like

Shariah Audit Conference 2020 – Mainstreaming Shariah Audit in Islamic Finance

November 18, 2020
105 Views
0 Comments
5 minutes read
Shariah Audit Conference 2020 – Mainstreaming Shariah Audit in Islamic Finance

The foundation of Islamic finance rests on its compliance with Shariah requirements to promote good governance and Islamic values. In the Malaysian market, a strong regulatory landscape and a robust Shariah governance framework support the growth trajectory of Islamic finance. In addition, Malaysia strongly advocates for Shariah Audits as a tool for Shariah governance.

The building blocks are in place. The next step is for all market players to embrace the importance of Shariah Audit in ensuring proper governance and compliance culture as they navigate the potentials and challenges in the Islamic finance industry. This virtual conference jointly organised by MIA together with IBFIM will provide participants with the latest updates on Shariah Audit developments.

Over an intensive two days, the programme will feature leading voices and industry practitioners in Islamic finance who will share their perspectives on Shariah Audit and its impacts on good governance and Shariah compliance in the Islamic finance industry.

Kicking off with a Keynote Address by Tan Sri Abdul Wahid Omar, a staunch proponent of good governance and currently Non-Executive Chairman, Bursa Malaysia & Chairman of Universiti Kebangsaan Malaysia (UKM), the programme will feature a special second-day address by Dr. Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board (IFSB) as well as four highly interactive panel sessions. Conference participants are highly encouraged to ask questions to maximise learning.

These sessions are:

Session 1, Day 1

Leaders’ Forum on Shariah Audit explores tone at the top and the role of leadership in mainstreaming Shariah Audit as an instrument of good governance and building public trust. This panel features Datuk Nik Mohd Hasyudeen Yusoff, Group Managing Director and CEO, Lembaga Tabung Haji; Dato’ Hj. Mohd Redza Shah Abdul Wahid, Chairman of The Board, Lembaga Amanah Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM); Nazlee Khalifah,Chief Executive Officer, Affin Islamic Bank Berhad and Nik Shahrizal Sulaiman, Partner/Islamic Finance Leader, PwC Malaysia.

Session 2, Day 1

Institutional Integrity through Shariah Audit focuses on the systems and culture that should be in place to instil good Shariah governance throughout organisations, which will then cascade throughout the entire Islamic finance ecosystem. Prominent Shariah advisors from both the local and global market will discuss the latest developments in institutional Shariah governance. They include Datuk Dr. Mohd Daud Bakar, Chairman, Shariah Advisory Council Bank Negara Malaysia, Securities Commission of Malaysia & The Labuan Financial Services Authority; Dr. Hurriyah El Islamy, Executive Board Member, Foreign Investment and International Relations, Badan Pengelola Keuangan Haji & Member of Awqaf

Properties Investment Fund Supervisory Committee, Islamic Development Bank; Shaikh Muhammad Abdul Mubeen, Shariah Board/Committee Member for Standard Chartered Bank Pakistan & Malaysia and Mohd Khaidzir Shahari, Board of Governor, The Institute of Internal Auditors Malaysia.

Session 3, Day 2

Shariah Audit and Governance: Global Experience explores how different markets and institutions are implementing Shariah Audit as a tool for good governance. This session features leaders from global and domestic Islamic finance institutions as well as international standard setters and practitioners. Speaking will be Muazzam Mohamed, Chief Executive Officer, Bank Islam Malaysia Berhad; Dr. Muhammad Iman S Mihajat, Head of Shariah, Al Yusr Islamic Banking – Oman Arab Bank; Dr. Aznan Hasan, Chairman, Shariah Committee, Maybank Islamic Berhad; Member, Shariah Board, Accounting and Auditing Organisation of Islamic Financial Institutions (AAOIFI); and Chairman, Shariah Advisory Board; Barclays Capital (DIFC, Dubai) and Muhammad Syarizal Rahim, Partner, Ernst & Young Malaysia Islamic Financial Services.

Session 4, Day 2

Developing Talent in Shariah Audit focuses on how Islamic finance organisations can grow the talent pipeline and prepare accountants and audit professionals for the specialised work of Shariah Audits. The session will also delve into the potential use of digital tools in enhancing Shariah Audit processes to heighten efficacy. Featuring Yusry Yusoff, Chief Executive Officer, Islamic Banking & Financial Institute Malaysia (IBFIM), Prof. Dato’ Dr. Mustafa Mohd Hanefah, Professor, Universiti Sains Islam Malaysia (USIM), Khairul Nizam Md Som, Chief Executive Officer, Finance Accreditation Agency (FAA) and Dr. Nurmazilah Dato Mahzan, Chief Executive Officer, Malaysian Institute of Accountants (MIA).

For more information and to register, please click here

Print Friendly, PDF & Email