*THE 1st ISLAMIC FINANCE ASEAN SUMMIT JUNE, 4-5th 2010, Hyatt Hotel Yogyakarta Indonesia*
*INTRODUCTION* After the global financial crisis, Islamic finance gain the right momentum to grow and expand more quickly in the challenging economic environment and a dynamic financial Gobal today. Internationalization of Islamic finance becomes a necessity because of the vast reach of global markets and increasing integration of Islamic finance in the international financial system. In this context, the superiority of sharia economic to be not merely in the capacity and resilience of Islamic economic system is based on strong principles, but also the ability to compete in international markets as well as work along. Islamic finance rapid, starting from the development of Islamic banking practices, which followed the growth and development of other Islamic financial institutions, namely Islamic insurance, Islamic capital markets, venture capital, leasing, and multifinance. Islamic economic practices are also being applied in many real sector such as hotel business, consultants, supermarkets and so forth. Rapid development is not only happening in Muslim majority countries, but also in countries of continental Europe and America. And no doubt, the Southeast Asian region into an economic region is very prospective and potential in the development of Islamic finance world, outside the Middle East region. Especially in the drive from several geographic-cultural similarities as well as its potential market. Therefore, some ASEAN countries have expressed readiness to himself to become the world’s Islamic financial hub. This promoted high potential funds that can be managed with an appropriate scheme of sharia and Southeast Asian markets are great for investing. In this context, the ASEAN Free market in 2015 is clearly a challenge as well as a greater opportunity for ASEAN countries to develop into world economic power shaft. Things that are needed to deal with the free market has been prepared intensely by their respective governments of ASEAN member countries. Sectors included in the discussion of one of them is the financial sector. But discussion of the Islamic finance yet to become a major discussion of any formal meeting of ASEAN. These shortcomings have become the main concern of The Society for Islamic Economy (MES), as an organization representing all the economic stakeholders of sharia in Indonesia. Through the ASEAN Summit Islamic Finance, The Society for Islamic Economy (MES) would like to invite all stakeholders of Islamic finance, especially the government, regulatory authority, the perpetrators of Islamic financial industry, as well as in ASEAN sharia academics together to discuss measures and strategic initiatives which should be prepared and implemented in the face of the ASEAN free-market competition in 2015. The hope through this forum, established a strategic understanding among stakeholders of Islamic finance in ASEAN and opened the possibility of joint initiatives and strategic alliances among ASEAN countries in developing Islamic financial strength to be reckoned with in the economic pivot of the world level. By the Islamic economic system, We Can make it a better world with Prosperity, justice and peaceful. * * *MANAGEMENT CENTER THE SOCIETY for ISLAMIC ECONOMY* Dr. Muliaman D. Hadad Chairman *AGENDA* # SEMINAR EXIHIBITION - *Session I: Strengthening Financial Interlinkages in the Region: The Need for Collaborative Platform* - *Session II: Competing the Global Market: Chalenges in Product Development* - *Session III: Regional Islamic Finance Outlook 2010* # ISLAMIC FINANCE CSR FOR WEST SUMATERA # GALA DINNER & THE 7th KBC AWARD # THE 3rd iB GOLF TOURNAMENT *For more information please click* *www.ifas2010.com*
