ARX Series 27 August 2020
Fundamental Principles of Islamic Finance
Islamic Finance Webinar Series
Webinar presented by CFA Society Indonesia, CFA Society Malaysia, CFA Society Pakistan, and CFA Institute
Webinar PresentationDownload PDF (English)
With a presence in almost 60 countries, approximately 1500 sharia-compliant companies, and total assets under management (AUM) of about USD2.4 trillion, Islamic finance is one of the most rapidly growing segments of the global financial system, as it has been growing at a steady 10-12% per year during the last two decades. As the same time, it serves as a valuable source of financing for the Sustainable Development Goals (SDGs).
CFA Society Indonesia, CFA Society Malaysia and CFA Society Pakistan invite you to join a series of webinars that dive into the basic features, market landscape, as well as the emerging opportunities for Islamic finance. Our inaugural webinar provides an overview of the fundamental principles governing Islamic finance.
The panel includes practitioners from capital markets, banking, and academia who discuss the origins of Islamic finance, the fundamental principles of Shariah law governing Islamic finance, asset-based structure, and risk-sharing.
- Naila Firdausi Asa, CFA, Fixed Income Analyst, PT Manulife Aset Manajemen Indonesia
- Zeeshan Ahmed, PhD, Dean and Associate Professor, Karachi School of Business and Leadership (KSBL) Pakistan
- Adam Ng, PhD, Sustainable Finance Expert, WWF - Malaysia
- Mohammad Shoaib, CFA, CEO, Al Meezan Investment Management Limited
Watch the Webinar
Naila is fixed income analyst for PT Manulife Aset Manajemen Indonesia, which manages about $4.5 billion in assets for clients (end-March 2020). Having obtained recommendation from the National Sharia Board- Indonesian Council of Ulemas, she was granted the Sharia Capital Market Expert License by the Financial Services Authority of Indonesia in 2018. In Addition to her role in analysing financial institutions, she is part of MAMI’s Sharia Investment Unit that helps ensure Islamic principle compliance across the company’s $450 million sharia funds. She holds Bachelor degree in accounting from University of Indonesia and received her CFA charter in 2016. Prior to joining Manulife in 2010, she spent 10 years as journalist covering Indonesian politics and financial markets for Bloomberg News.
Dr Zeeshan Ahmed is the Dean and an Associate Professor at Karachi School of Business and Leadership (KSBL) which has won local CFA Institute Research Challenge 4 times in a row.
Dr. Zeeshan has over 20 years of diverse experience in teaching, training, consulting and research. He completed his Ph.D. from Mississippi State University, US in the discipline of Finance. He has also completed 8 years of course work to become a Shariah Scholar.
His two-decade-long experience as an academic comprises teaching and training using a variety of pedagogical techniques (including case method) at top business schools in Pakistan including KSBL, IBA and LUMS. He has also been influential in shaping the curriculum for business education at these schools.
Dr. Zeeshan also serves on the Board of Institute of Financial Markets Pakistan (IFMP) SECP, CPD Committee of Institute of Chartered Accountants Pakistan (ICAP) and academic council of IBA Centre for Excellence in Islamic Finance (CEIF).
Adam Ng is a sustainable Finance Expert at the World Wide Fund for Nature (WWF) Malaysia, specializes in developing sustainable finance policies, products and solutions for the financial sector in Malaysia.
He was formerly Deputy Director (Research Management Centre) and Associate Professor at the International Centre for Education in Islamic Finance (INCEIF), Fellow at the London-based Royal Society of Arts (2014-2017), Research Associate at the University of Oxford’s Global Economic Governance Programme (2015-2016) and Securities Commission Malaysia-Oxford Centre for Islamic Studies Scholar-in-Residence in Islamic Finance (2014-2015) in the UK.
During his service at the Central Bank of Malaysia, he contributed to strategic initiatives in Islamic financial infrastructure development and central banking collaboration, principally the establishment of International Islamic Liquidity Management Corporation (IILM) by 11 central banks and Islamic Development Bank Group in 2010. He served in the management team of IILM and laid the foundation for the issuance of the world’s first A-1 rated USD short-term sukuk.
He has published in Renewable and Sustainable Energy Reviews, Sustainable Development, Energy Economics, Economic Modelling and the Asian Institute of Chartered Banker. He received his PhD in Islamic Finance from INCEIF and Bachelor of Civil Law from University of Oxford.
Mohammad Shoaib, CFA is the founding CEO of Al Meezan Investment Management Ltd., the first and the only full-fledged Shariah Compliant Asset Management Company in Pakistan. Al Meezan is also the largest asset management company in Pakistan managing about USD 950 million on behalf of clients. Shoaib holds an MBA degree from IBA besides being a Chartered Financial Analyst (CFA) charterholder.
Shoaib has not only been the driving force behind building a Shariah Compliant Asset management industry in Pakistan but is also the founding President of CFA Society Pakistan, a member society of CFA Institute. He has to his credit many accolades and awards, including "Most Influential CFA charter holder" awarded by CFA Institute in 2006, and "Lifetime Achievement Award" in 2019.
Shoaib has an impeccable track record of serving in volunteer capacity for various bodies and local, regional and global level. This includes serving as Presidents' Council Representative for Asia Pacific Region (APAC) of CFA Institute (Asian and Australian continents) representing the entire APAC membership of CFA Institute at the Board of Governors Level. He has also served a several and global committees of CFA Institute over the last 18 years. Some of the other prominent volunteer roles that he has performed include the following:
· Nominee director of SECP on Board of Pakistan Stock Exchange
· Board member of Institute of Financial Capital Markets in Pakistan
· Chairman, Mutual Funds Association of Pakistan
· Board member Pakistan Institute of Corporate Governance
· Member of the Academic Board of Institute of Business Administration, Pakistan
· Member of the Central Bank's Committee on Islamic Capital Markets
Currently he is Board Member, Advocacy and GIPS Chair for CFA Society Pakistan. He has participated in various seminars, conferences and workshops across the globe during his 30-year career in managing investments. He has been a speaker / panelist at various conferences on Islamic Asset Management in Middle Eastern and Far Eastern countries. He has also been featured in CFA Magazine with reference to his contribution to Islamic asset management, corporate governance and volunteer leadership roles. He has authored various articles and chapters in local and international publications including Islamic Finance News and Redmoney.