IFD2020

Muzakarah-14

13 - 14 October 2020 | eConference

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About This EConference

Islamic Finance Ecosystem: Connecting the Dots

Islamic ﬁntech is a rapidly growing interest in the Islamic ﬁnance ecosystem. The 3rd Islamic Fintech Dialogue will explore what is driving this interest and the direction of the industry. Since its inception, IFD has established itself as a central point of discussion on the growth and development of Islamic ﬁntech ecosystem.

The 1st IFD set the dialogue for discussions of the fundamentals of ﬁntech in Islamic ﬁnance in areas such as governance, regulations, Shariah compliance, technology, etc. The 2nd IFD dealt with challenges and opportunities of ﬁntech in the Islamic ﬁnance industry, while providing insight on the way ﬁntech is challenging the norm of the ﬁnancial industry – including Islamic ﬁnancial system. The 2-day event was well attended by local and international participants and graced with insights from industry experts such as YBhg. Dato’ Ts. Dr. Haji Amirudin Abdul Wahab, Datuk Dr. Mohd Daud Bakar, Dr. Bello Lawal Danbatta, Mr. Norhizam Abdul Kadir, Ms. Azleena Idris, Mr. Daud Vicary, Mr. Mark Smalley, Mr. Othman Abdullah, just to name a few.

The 3rd IFD (IFD2020) will push the dialogue even further to go beyond the norm in the industry. Fintech has always been the disruptor for the global ﬁnancial industry. However, 2020 has seen a new disruptor that affected all aspects of the global economy from high job losses to even loss of life. This brings about the question on whether COVID-19’s disruption of the global economy has created more relevance for the ﬁntech industry or not. Can the Islamic ﬁntech industry transform this disruption into new solutions and opportunities? A notable reality, especially in the Islamic ﬁntech industry, is that although the industry seems to be expanding it is however not connected. There seems to be still key components of the industry that are missing. Hence, in the interest of creating an Islamic ﬁntech ecosystem, whether regional or global, these components must be identiﬁed. IFD2020 will discuss these areas to better understand where lies the dots that already exist and can be connected. While also exploring what are the missing and fundamental blocks in building an Islamic ﬁntech ecosystem.

Objectives

To raise awareness of the growing efforts being played by the Islamic ﬁntech players to help with the current crisis.
To understand some of the hurdles that are facing the industry players that are inspired to push the industry beyond the norm.
To understand the role of Shariah in pushing shariah-based ﬁntech to the industry.
To encourage new shariah compliant ﬁntech initiatives.