BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) and Labuan International Business and Financial Centre (Labuan IBFC) hold Inaugural Islamic Wealth Management Symposium 2014

logo

The BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) and Labuan International Business and Financial Centre (Labuan IBFC) today hosted the Islamic Wealth Management Symposium, at Sasana Kijang, Kuala Lumpur. This event marks the first jointly organised Islamic wealth management symposium aimed at raising awareness of Islamic wealth management in Malaysia.

pict 1Left to Right: Dato’ Abdullah Bin Mat Noh (Chairman, BNP Paribas Malaysia), Mr. Ahmad Hizzad Baharuddin (Director-General, Labuan Financial Services Authority (LFSA)), Mr. Krishna Chetti (CEO, BNP Paribas Malaysia Berhad), Prof. Datuk Dr. Syed Othman Alhabshi, CAO, INCEIF), Mr. Saiful Bahari Baharom (CEO, Labuan IBFC Inc.) 

INCEIF Chief Academic Officer Professor Datuk Dr. Syed Othman Alhabshi, who is also the Chairman of BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) Advisory Board said, “To tap the fast developing Islamic wealth management sector loc ally and globally, CIWM has taken this synergistic initiative to work together with Labuan IBFC to bridge both industry experience and Islamic finance knowledge for the benefit of all stakeholders.”

pict 2

Left to Right: Prof. Dr. Shamsher Mohamad (Director, BNP Parinas-INCEIF Centre for Islamic Wealth Management (CIWM)),  Dato’ Abdullah Bin Mat Noh (Chairman, BNP Paribas Malaysia), Mr. Krishna Chetti (CEO, BNP Paribas Malaysia Berhad),  Mr. Ahmad Hizzad Baharuddin (Director-General, Labuan Financial Services Authority (LFSA)), Dato’ Dr. Nik Ramlah Nik Mahmood (Deputy Chief Executive, Securities Commission Malaysia),  Prof. Datuk Dr. Syed Othman Alhabshi, CAO, INCEIF), Mr. Saiful Bahari Baharom (CEO, Labuan IBFC Inc.) 

Left to Right: Prof. Dr. Shamsher Mohamad (Director, BNP Parinas-INCEIF Centre for Islamic Wealth Management (CIWM)),  Dato’ Abdullah Bin Mat Noh (Chairman, BNP Paribas Malaysia), Mr. Krishna Chetti (CEO, BNP Paribas Malaysia Berhad),  Mr. Ahmad Hizzad Baharuddin (Director-General, Labuan Financial Services Authority (LFSA)), Dato’ Dr. Nik Ramlah Nik Mahmood (Deputy Chief Executive, Securities Commission Malaysia),  Prof. Datuk Dr. Syed Othman Alhabshi, CAO, INCEIF), Mr. Saiful Bahari Baharom (CEO, Labuan IBFC Inc.) 

Labuan IBFC’s Chief Executive Officer, Saiful Bahari Baharom said Malaysia has the infrastructure and expertise in the Islamic finance space to develop a strong competitive value proposition in Shariah-compliant wealth management.

“The Islamic wealth management value chain is long, starting with the acquisition of assets, advisory and management services, in addition to legal, taxation and Shariah advice; to trust and custodial services and, right at the end, distribution of the assets. Each of these parts contributes to a specific value-added competency that we must strive to enhance to help grow our domestic high-value wealth management industry. It is for this reason that Labuan IBFC, which already offers a range of legal entities for the purpose of wealth management, took the decision to jointly host the inaugural Islamic Wealth Management Symposium today, in association with CIWM,” Saiful added.

The Symposium attracted more than 150 delegates. A total of six speakers and panelists, ranging from regulators, Islamic scholars, academicians and industry practitioners, convened to share their insight and knowledge of the Islamic wealth management industry. Speakers included:

  • Ahmad Hizzad Baharuddin, Director General, Labuan Financial Services Authority
  • Dato’ Dr. Nik Ramlah Nik Mahmood, Managing Director, Securities Commission Malaysia
  • Dr. Mohd Daud Bakar, President & CEO, International Institute of Islamic Finance Incorporated, Amanie Business Solutions
  • Dr. Muhammad Yusuf Saleem, Assistant Professor, INCEIF
  • Professor Datuk Dr. Syed Othman Alhabshi, CAO, INCEIF
  • Saiful Bahari Baharom, CEO, Labuan IBFC Inc.

During the Symposium, speakers and delegates deliberated on practical issues and challenges in further developing the Islamic wealth management industry and its relevant management structures, such as Labuan Islamic trusts and foundations, to gain a competitive advantage in establishing Malaysia as a preferred Islamic wealth management destination.

Segments from the event, including speaker presentations, are available on demand at www.libfc.com and www.inceif.org/CIWM

_____________________________________________________________________________

Media Coverage :

1. Bernama, 30 April 2014
Pasaran Modal Islam Malaysia Kini Bernilai RM1.5 Trilion
http://www.bernama.com/bernama/v7/bm/newsindex.php?id=1034931

2. New Straits Times Online, 30 April 2014
Labuan IBFC to continue to tap Asian economies
http://www.nst.com.my/business/nation/labuan-ibfc-to-continue-to-tap-asian-economies-1.583743

3. New Straits Times Online, 30 April 2014
Potential to be Islamic wealth management hub
http://www.nst.com.my/business/nation/potential-to-be-islamic-wealth-management-hub-1.583747

4. New Straits Times Online, 30 April 2014
Labuan IBFC surpasses 2013’s target
http://www.nst.com.my/business/latest/labuan-ibfc-surpasses-2013-s-target-1.583253

5. Malaysian Insider, 30 April 2014
Malaysian Islamic capital market now worth RM1.5 trillion
http://www.themalaysianinsider.com/business/article/malaysian-islamic-capital-market-now-worth-rm1.5-trillion 

6. Gulfbase.com, 30 April 2014
Malaysian Islamic Capital Market now worth RM1.5 trillion
http://www.themalaysianinsider.com/business/article/malaysian-islamic-capital-market-now-worth-rm1.5-trillion

7. i3investor.com, 30 April 2014
Labuan IBFC surpasses 2013’s target
http://klse.i3investor.com/servlets/fdnews/220973.jsp

8. Zawya, 30 April 2014
BNP Paribas – INCEIF Centre for Islamic Wealth Management (CIWM) and Labuan International Business and Financial Centre (Labuan IBFC) hold Inaugural Islamic Wealth Management Symposium 2014
https://www.zawya.com/story/BNP_Paribas__INCEIF_Centre_for_Islamic_Wealth_Management_CIWM_and_Labuan_International_Business_and_Financial_Centre_Labuan_IBFC_hold___Inaugural_Islamic_Wealth_Management_Symposium_2014-ZAWYA20140501063113/

9. Utusan Malaysia Online, 1 May 2014
Pengurusan Kekayaaan Islam
http://www.utusan.com.my/utusan/Ekonomi/20140501/ek_01/Pengurusan-kekayaan-Islam

10. Utusan Malaysia Online, 1 May 2014
Miliki RM1 juta bukan lagi jutawan
http://www.utusan.com.my/utusan/Ekonomi/20140501/ek_03/Miliki-RM1-juta-bukan-lagi-jutawan

11. Utusan Malaysia Online, 1 May 2014
Wakaf mampu kurangkan defisit kerajaan
http://www.utusan.com.my/utusan/Ekonomi/20140501/ek_02/Wakaf-mampu-kurangkan-defisit-kerajaan

12. The Star Online, 1 May 2014
Malaysian Islamic capital market now worth RM1.5 trillion
http://www.thestar.com.my/Business/Business-News/2014/05/01/Msian-Islamic-capital-market-now-worth-RM15-trillion/

13. Harian Metro, 1 May 2014
Pertumbuhan 100%
http://www.hmetro.com.my/myMetro/articles/Pertumbuhan100_//Article/index_html

14. Malaysian Reserve, 2 May 2014
‘Strong trend’ for banking sector
http://themalaysianreserve.com/main/news/corporate-malaysia/5816-strong-trend-for-banking-sector

15. Malaysian Reserve, 2 May 2014
Labuan IBFC surpasses 2013’s target
http://themalaysianreserve.com/main/news/corporate-malaysia/5814-labuan-ibfc-targets-up-to-12000-firms-by-year-end

16. New Straits Times (Print & Online), 2 May 2014
Islamic wealth management aim
http://www.nst.com.my/business/nation/islamic-wealth-management-aim-1.584770

17. 16. New Straits Times (Print), 2 May 2014
Islamic wealth management aim
http://www.nst.com.my/business/nation/islamic-wealth-management-aim-1.584770

18. Malaysian Reserve, 2 May 2014
Labuan IBFC targets up to 12,000 firms by year-end
http://themalaysianreserve.com/main/news/corporate-malaysia/5814-labuan-ibfc-targets-up-to-12000-firms-by-year-end

19. Berita Harian Online, 2 May 2014
Pengurusan kekayaan Islam catat pertumbuhan kukuh
http://www.bharian.com.my/bharian/articles/PengurusankekayaanIslamcatatpertumbuhankukuh/Article

20. Wealthmanagement.me, 2 May 2014
Malaysian Islamic capital market now worth RM1.5 trillion
http://wealthmanagement.me/tag/news/

 

Share this post