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Halal ESG Investment Exchange

The Halal ESG Investment Exchange serves as a vital platform for policymakers and delegates to engage in constructive dialogue and address the clash between conventional and Shariah-compliant ESG principles. This session aims to bridge the gap between the two frameworks by facilitating discussions on standardization, methodologies, and establishing the foundation for a Halal ESG Framework. By fostering collaboration and seeking common ground, participants will work towards harmonizing ESG practices in line with Shariah principles, paving the way for sustainable and ethical investment solutions that resonate with diverse global markets.

Day 1

Monday, 6th May 2024

1400

CHAIRMAN'S OPENING REMARK

1415

Setting the Stage

Beyond ESG: Halal Excellence as a Blueprint for Responsible Business

  • Emphasizing Halal's Islamic foundation, offering a robust framework beyond ESG.

  • Proposing Halal Excellence for advanced, culturally aligned ethical practices, challenging ESG redundancy and fostering inclusivity in business ethics.

Speaker: Dr Firdaus Fanny Putera Perdana, Independent Researcher/Consultant, International Halal Labuan Foundation (IHLF)

1500

Academic Insights

Harmonizing Halal Standards with Global Sustainability Goals

  • Examining how standardization in the Halal industry aligns with and contributes to achieving global Sustainable Development Goals, particularly in health, environment, and social equity.

  • Addressing the challenges faced by the Halal industry in standardization processes and exploring opportunities for growth and global acceptance within the framework of sustainable development.

Speaker: Asst. Prof. Dr. Saheed Abdullahi Busari, Assistant Professor of Islamic Jurisprudence and Legal Theory, International Islamic University Malaysia

1545

Networking Break

1615

Expert Insights

Islamic Finance and SDGs: Aligning Maqasid Shariah with Global Sustainability

  • Exploring how the principles of Maqasid Shariah in Islamic finance align with and contribute to achieving Sustainable Development Goals (SDGs), focusing on the interplay between ethical financing and global sustainability efforts.

  • Address the challenges in harmonizing Shariah-compliant financial practices with SDG objectives, and discuss innovative approaches within Islamic finance to support socio-economic justice and sustainable development.

Speaker: Datuk Prof. Dr. Mohamad Akram Laldin, Chief Executive Officer, ISRA

1700

Panel Discussion

Deciphering Compliance: The Nuances of Halal and Shariah in ESG Investment

  • Discussing the key differences between Halal compliance and Shariah principles in ESG investing, and delve into their practical implications for investors aiming to align their portfolios with ethical, environmental, and social governance criteria under Islamic finance principles.

Moderator: Nasha Pedra Amin, Director, Regional Head of Islamic Legal, CIMB

 

Panelists: Datuk Prof. Dr. Mohamad Akram Laldin, Chief Executive Officer, ISRA; Asst. Prof. Dr. Saheed Abdullahi Busari, Assistant Professor of Islamic Jurisprudence and Legal Theory, International Islamic University Malaysia; Dr Firdaus Fanny Putera Perdana, Independent Researcher/Consultant, International Halal Labuan Foundation (IHLF)

1745

End Day 1

Day 2

Tuesday, 7th May 2024

1400

CHAIRMAN'S OPENING REMARK

1415

Navigating the Intersection: ESG Integration and Islamic Finance in Corporate Governance

  • Harmonizing Ethical Principles: Exploring the Synergies Between ESG Criteria and Islamic Finance Tenets for Enhanced Board Oversight

  • Fostering Responsible Leadership: Examining the Role of Boards in Aligning ESG Practices with Islamic Finance Principles for Sustainable Corporate Governance

Speaker: Wan Rizaidy Wan Mamat Saufi, Deputy CEO/COO, INCEIF

1500

Case Study

Revolutionizing Responsibility: Ensuring Compliance with ESG Principles in Islamic Digital Finance (FinTech)

  • Leveraging Technology for Impactful Change: How Fintech Companies Implement ESG Standards in Islamic Financial Services

  • Navigating Complexity: Addressing Challenges and Unique Considerations when Integrating ESG Principles in Islamic FinTech Solutions

Speaker: Reserved for Sponsor

1545

Networking Break

1615

Case Study

Measuring ESG Sustainability Approach with Islamic Finance Principles: Ethical investment and social responsibilities are catalyst in promoting economic prosperity.

  • Digesting the correlation of the 17 SDGs and Maqasid-Al-Syariah that aim to push the globe towards a more sustainable and resilient path.

  • Assessing the impact measurement and evaluation frameworks within ESG-driven initiatives, examining their effectiveness in quantifying social and environmental outcomes, and aligning with Islamic finance principles.

  • Offers guidance on how to measure and evaluate business performance on important aspects of ESG such as decarbonisation, workforce diversity and sourcing of products through ethical supply chains.

Speaker: Adj Prof Mohamad Faisal Abdul Malik, Vice President, Malaysian Institute of Accountants (MIA)

1700

Interactive Town Hall Discussion

Navigating Impact in Shariah ESG: Metrics, Methods, and More

  • Explore best practices in measuring environmental, social, and governance impacts within Shariah ESG frameworks, and discuss integrating Halal investing principles with ESG criteria for a comprehensive approach to ethical governance and sustainable impact evaluation.

Moderator : Dr Ziyaad Mahomed, Associate Professor, Shari'ah Advisor, Lead Researcher (Shari'ah) CoE Islamic Social Finance, Munich Re

 

Panelists: Adj Prof Mohamad Faisal Abdul Malik, Vice President, Malaysian Institute of Accountants (MIA);

1745

Wrap Up

Closing Remarks and Future Directions

  • Final thoughts by the Chairman, summarizing the session's key outcomes and potential steps forward in the field of Halal ESG investment.

Chairman

1800

End Day 2

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