BNP Paribas – INCEIF Centre For Islamic Wealth Management Colloquium 2013

BNP Paribas-INCEIF Centre for Islamic Wealth Management (the Centre) today presented its inaugural colloquium on ‘Managing Issues and Challenges in the Islamic Wealth Management Industry’.

The one-day colloquium brought together industry experts and academicians to share their expertise in the following areas:

• Wealth Management and Islamic Finance: Synergies and Opportunities
• Managing Islamic Portfolio Investments
• Building Blocks on Islamic Wealth Management
• Shariah and Legal Issues on Islamic Wealth Management
• Social – Economic and Operational Aspects of Islamic Wealth Management: Issues related to Inheritance, Zakat and Waqf

The 10 speakers include Malaysian REIT Managers Association chairman Dato’ Stewart LaBrooy, ZICOlaw Shariah Advisory Services Director Dr Aida Othman and Aziz Hassan & Co founder Dr Abdul Aziz Hassan.  INCEIF Professor of Comparative Economics History Prof Dr Murat Cizakca presented a paper on `The New Waqf Law prepared by Islamic Development Bank (IDB)/ Islamic Research and Training Institute (IRTI) and The Kuwait Public Foundation: A critical assessment’.

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Speakers and guests at the BNP Paribas – INCEIF Centre For Islamic Wealth Management Colloquium 2013.

In his welcoming remarks, Prof Datuk Dr. Syed Othman Alhabshi, the Chief Academic Officer, INCEIF and Chairman of the Advisory Board of the Centre said; “The colloquium is intended to be an annual event of the Centre and is intended to be a platform for researchers, academics and practitioners to share their ideas and views and deliberate on strategies towards the development of Islamic wealth management in Malaysia”.

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INCEIF Chief Academic Officer Prof Datuk Syed Othman Alhabshi delivering the welcome address at BNP Paribas – INCEIF Centre For Islamic Wealth Management Colloquium 2013.

This event is part of the scope of the Centre which is aligned to support the growth of the Islamic wealth management industry that can offer innovative financial solutions to meet the more sophisticated investment demands of the increasingly affluent population particularly in Asia and the Middle East, thus positioning Malaysia as a regional and international centre for Islamic fund and wealth management, as stated in the Financial Sector Blueprint of Bank Negara Malaysia.

Mr. Krishna Chetti, CEO of BNP Paribas Malaysia Berhad, and a member of the Advisory Board of the Centre said; “The Centre is a strategic initiative to contribute to Malaysia’s ambitions to position itself as a regional and international centre for Islamic fund and wealth management. This colloquium, which comes after other important forums organised earlier this year by the Centre, is an important forum to discuss strengths as well as challenges in the roadmap towards the above ambitions.”

To sum up the day’s presentations, a panel session was held at the end of the colloquium. The session was moderated by INCEIF Chief Academic Officer Prof Datuk Dr Syed Othman Alhabshi, and the panelists were Prof Murat, ISRA Executive Director Assoc. Prof Dr Mohamad Akram Laldin and Association of Shariah Advisers in Islamic Finance Assoc. Prof Dr Aznan Hasan.

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