The Malaysian Financial Planning Council (MFPC) organized the 7th MFPC Conference on Islamic Wealth Management and Financial Planning virtually.
This three-hour conference with the theme of ‘Driving Sustainable & Responsible Investment’ focuses on the upward trend towards Socially Responsible Investment (SRI). This is because of the natural progression of Sukuk market, the growing awareness of investors toward ethically and socially responsible investment and the stricter capital requirements for the bank finance infrastructural projects were the key reasons MFPC chose this particular theme is due to Malaysian market is considered as the largest SRI market in Asia and the world’s second-largest in the Islamic fund market about 29% worth US$56bil of global asset according to The Star report in 2018.
This conference provided a platform to promote Islamic Wealth Management and Financial Planning throughout the community in order to have a better understanding of the current market situation especially in Shariah compliant investments. This conference also provided an excellent platform for the participants to gain different exchange of experiences, perspectives and prospects about the industry from the diverse invited speakers.
This event started with a welcoming address by MFPC President Mr Vincent Kwo and then followed with a keynote address by Datuk Syed Zaid Albar, the Chairman of Securities Commission Malaysia. Datuk Syed Zaid Albar said “SC has developed the SRI Roadmap for the Malaysian capital market to incorporate the sustainability not just in the way that companies operate, but also in advisory services, and to help the financial planner like you, give provide proper advice to clients on their SRI investment selection.” This shows the SC’s role to facilitate a regulatory framework which will ensure the growth and success of these socially responsible investments.
Three sessions of speaking slots took place with speakers such as Dr. Syed Adam Alhabshi, a Partner at Shook Lin & Bok; Mr Aidi Izham, the Chief Executive of Raiz Malaysia and Mr Ahmad Al Izham Bin Izadin, the Manager at Bond and Sukuk Information Exchange (BIX Malaysia) sharing their own presentation. A roundtable session followed suit afterwards featured by En Sani Ayob, Chairman, MFPC Shariah Financial Planning and Development Committee as the moderator accompanied with three other panellists; Dr Noor Suhaida Kasri the Head of Islamic Capital Market Unit International Shari’ah from Research Academy for Islamic Finance (ISRA); Assoc Prof Dr Ahcene Lahsasna, the CEO of SALIHIN Shariah Advisory and Mr Ibrahim Sani, the Lead Business Editor & Executive Producer of Astro AWANI. The last session discussed on ‘Why Investors are Increasingly Attracted to SRIs’ which gave the participants an insight into the sustainable, responsible and ethical investment options and how to meet the aims of interested investors.
MFPC President Vincent Kwo’s highlighted, by holding this event, we hope to increase the market-based instruments linked to green, social or sustainable goals and attract investors’ interest and gain huge potential for the SRI segment in Malaysia.