Ministry of Religious Affair

Republic Indonesia

State Institute of Islamic Studies

Salatiga

Islamic Economics Studies Group

Salatiga

International Institute of Islamic Thought

(IIIT)

International Seminar
Developing Islamic Economics System through Islamic Non-Bank
Financial Institution (Learning from Malaysia and Turkey)
October 22, 2016, IAIN Salatiga Main Campus, Salatiga, Indonesia

-------------------------------------

Terms of Reference

I.

BACKGROUND

Indonesia Society and the World

Indonesia is the largest country in Southeast Asia that increasingly plays a more dominant

role in global affairs. It is the regions only member of the G-20, a leading member and
concurrently chair of the Association of Southeast Asian Nations, ASEAN. Indonesia lies at
the intersection of the Pacific Ocean, along the Malacca Straits and the Indian Ocean, and lies
between two continents (Asia and Australia) along the equator. Over half of all international
shipping goes through Indonesian waters. As the 4th most populous nation in the world,
Indonesia is undergoing a major structural shift in terms of demographics. Of the 240 million
people, over the half of the population is under 30 years old. This provides for dynamic labor
market participation, growing at millions per year. A rapidly urbanizing population also
provides for strategic pools of labor force in centers of investment.
Islamic Non-Bank Financial Institution in Indonesia
Indonesia is a promising market for global growth in Islamic financial sector but the sector is
still in its infancy and its national market share is growing at a snails pace especially in nonbank institution. Without an initiative from the regulatory authorities to nurture and grow
non-bank financial institution, this sector could remain stuck in its infancy for years. A
regulatory environment that attracts new entrants from the more established non-bank
financial institution markets could potentially create a spark to help non-bank financial
institution grow in Indonesia.
In this regard, the State Institute for Islamic Studies (IAIN Salatiga), together with the Islamic
Economics Studies Group (KSEI) and supported by International Institute of Islamic Thought
(IIIT), will be organizing an International Seminar in Salatiga on October 24, 2016, with the
theme: Developing Islamic Economics System through Islamic Non-Bank Financial
Institution (Learning from Malaysia and Turkey).

Terms of Reference, International Seminar

On Developing Indonesian Financial Industry

Ministry of Religious Affair

Republic Indonesia

II.

State Institute of Islamic Studies

Salatiga

Islamic Economics Studies Group

Salatiga

International Institute of Islamic Thought

(IIIT)

PURPOSE OF THE SEMINAR

The Seminar is aimed at providing a venue for leading experts on Islamic Economics from
around the world to share and discuss the Islamic strategy in developing non-bank financial
institution in their country. The half-day Seminar will allow the speakers and the participants
to discuss issues, and explore strategy based their own country. It is expected to draw
perspectives and analysis on government policies in developing Islamic non-bank financial
institution.
III.

TOPICS OF THE DISCUSSIONS

The grand theme of the Seminar is: Developing Islamic Economics System through Islamic
Non-Bank Financial Institution (Learning from Malaysia and Turkey) The half-day
Seminar which will be divided into 3 (three) sessions whereby speakers are expected to
present, elaborate and discuss the following topics:
1. Strategy on Developing Islamic Non-Banking Financial Institution
2. Regulation on Developing Islamic Non-Banking Financial Institution
3. Developing Trust toward Islamic Non-Banking Institution among Muslim Society
IV.

LIST OF SPEAKERS

1. Dr. Firdaus Djaelani, M.A., Chief Executive functioning as Non-Bank Financial

Institution Supervisor - Indonesia Financial Services Authority
2. Prof. Dr. Jamil bin Osman, MBA (Pioneer of Islamic Economics System in Malaysia).
3. Prof. Dr. Shayaa Othman, MBA (Professor of Business Management from Turkey).

V.

The

PROGRAM AT A GLANCE
Seminar will be inviting mainly Indonesian scholars, regional policy experts and

Indonesian students. It will be a half-day Seminar where government officials and experts are
invited to speak and participate in a discussion. 300 to 500 participants are expected to come and
participate in the Seminar.

During the program, the Seminar will be divided into 3 (three) sessions. In every session,
speakers will each speak for maximum 45 minutes followed by an in depth discussion
amongst the speakers as well as an interactive discussion with the participants. Each speaker
will be required to prepare a discussion paper and presentation of a topic relevant to the
speakers backgrounds - preferably with the aid of power point for projection through a big
screen to the audience. The Seminar will be in English and Bahasa.
Terms of Reference, International Seminar
On Developing Indonesian Financial Industry

Ministry of Religious Affair

Republic Indonesia

VI.

State Institute of Islamic Studies

Salatiga

Islamic Economics Studies Group

Salatiga

International Institute of Islamic Thought

(IIIT)

ORGANIZING COMMITTEE AND SPONSORSHIP

This Seminar is organized by State Institute for Islamic Studies (IAIN Salatiga), together with
the Islamic Economics Studies Group (KSEI) and supported by International Institute of
Islamic Thought (IIIT). The Conference is open for co-sponsorship and partnership by third
parties (public, private companies, etc.) to fund the event, speakers and participants, as well
as to cover the logistical expenditures of convening the Seminar. Participants are by invitation
only, free of charge. This Seminar is a not-for-profit event.
VII.

TIME LINE
NO
1.

2.
3.
4.
5.

6.

Activity
Formulating Terms of
Reference, identifying
and inviting potential
speakers.
Identifying
sponsorship
Promoting the event in
media
Distributing the
invitations
Finalizing the rundown
and program of
activities of the
Seminar
International Semina

Time
August-September 2016

Location
Salatiga, Indonesia

September October 2016

Salatiga, Indonesia

September October 2016

Salatiga, Indonesia

September 2016

Salatiga, Indonesia

September 2016

Salatiga, Indonesia

October 24, 2016

Salatiga, Indonesia

---v--Salatiga, August 2016

Terms of Reference, International Seminar

On Developing Indonesian Financial Industry