ASEAN Federation of Accountants

To provide an organisation for ASEAN Accountants for the further advancement of the status of the profession in the region with the view to establishing an ASEAN philosophy on the accounting profession.

AFA Facilitates sharing on Islamic Social Finance

Regional experts recognise ample of opportunities for social finance in ASEAN

AFA together with the Malaysian Institute of Accountants (MIA) and Ikatan Akuntan Indonesia (IAI) facilitated a discussion on how Islamic social finance can serve as an alternative financing solution for ASEAN SMEs. Experts from Malaysia and Indonesia shared their perspectives on how Islamic social finance can help ASEAN SMEs and insights into successful initiatives introduced in the region such as iTEKAD and Mikrotakaful Jariyah in Malaysia, Bank Wakaf Mikro in Indonesia, and Phillip Bank and KIVA in Cambodia.

Moderated by Associate Professor Dr. Mohamed Eskandar Shah Mohammad Rasid, a panel consisted of Mohammad Muazzam Mohamed (Chief Executive Officer, Bank Islam Malaysia Berhad), Muhammad Syarizal Abdul Rahim (Partner and Head of Islamic Financial Services | Assurance, Ernst & Young Malaysia, Associate Professor Dr. Murniati Mukhlisin (Member of the IAI Sharia Accountants Compartment and Rector, Tazkia Islamic University College, Indonesia), and Gunawan Yasni (Member, IAI Sharia Accounting Standards Board) agreed that there are ample of opportunities for social finance, including Islamic social finance in ASEAN.

The 2-hour webinar was attended by 335 participants.

AFA would like to thank MIA and IAI for this excellent collaboration.

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Category: ASEAN Accountants | Post on 12 Agustus 2021

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