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Overview

Micro, Small and Medium Enterprises (MSMEs) are key to the development of the Malaysian economy, contributing to more than a third of the local Gross Domestic Product (GDP). While this key segment continues to grow, various measures have been undertaken to facilitate its growth, among others, the establishment of alternative fundraising avenues in the capital market for the MSMEs to seek market-based financing to support their expansion agenda.

Since the introduction of alternative avenues, the equity crowdfunding (ECF) and peer-to-peer financing (P2P financing) platforms have continued to gain traction with total funds raised amounting to RM1.34 billion in 2020.

As a leader in Islamic economy globally, Malaysia’s MSMEs seeking Shariah-compliant fundraising are also expected to benefit from these alternative fundraising avenues. With a comprehensive Halal ecosystem, the country’s Halal market is expected to grow to US$113.2 billion in 2030 from US$68.4 billion in 2018. This indicates immense potential for Halal players from the MSME segment to tap into ECF and P2P financing in the Islamic capital market (ICM) as it is well placed to support this development.

Since the introduction of alternative avenues, the equity crowdfunding (ECF) and peer-to-peer financing (P2P financing) platforms have continued to gain traction with total funds raised amounting to RM1.34 billion in 2020

About the Forum

The Securities Commission Malaysia (SC) and Halal Development Corporation (HDC) are the joint organisers for the inaugural SC-HDC Forum 2021, themed “Enabling Growth through the Islamic Capital Market”. Supported by Capital Markets Malaysia (CMM), the two-day virtual event aims to facilitate conversations and knowledge sharing surrounding the development of the Halal economy through the ICM, and to promote the participation and growth of industry players within Malaysia’s Halal ecosystem. The forum will gather relevant stakeholders within the Halal industry to share knowledge, insights and solutions covering a broad range of topics on fundraising and scalability of MSMEs.

Programme Agenda

Day 1

Thursday, 5 August 2021

Day 2

Friday, 6 August 2021

9.30 AM - 10.00 AM

Online Registration

10.00 AM - 10.05 AM

Doa recitation

10.05 AM - 10.15 AM

Welcome Remarks

Dato’ Mahmud Abbas, Chairman, Halal Development Corporation

10.15 AM - 10.25 AM

Keynote Address

Datuk Syed Zaid Albar, Executive Chairman, Securities Commission Malaysia

10.25 AM - 10.30 AM

Introduction of the SC Shariah Screening Assessment Toolkit for the Unlisted Micro, Small and Medium Enterprises (MSMEs)

10.30 AM - 11.10 AM

Panel Discussion: Shariah Screening for Unlisted MSMEs

This session will encompass perspectives on Shariah screening methodology for unlisted MSMEs and how it can be an enabler in the development of Halal economy in the unlisted market segment.

  • Shariah screening for unlisted MSMEs
  • Shariah-compliant fundraising options to complement the development of Halal economy
  • Positioning Malaysia as the global leader in the Halal industry by 2030

Moderator:
Sharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, SC

Panelists:

  • Associate Professor Dr Aznan Hasan, Deputy Chairman, Shariah Advisory Council of the SC
  • Sam Shafie, Co-Founder and Chief Executive Officer, pitchIN
  • Tuan Haji Adly Mohamed, Chief Commercial Officer, HDC
11.10 AM - 11.30 AM

Case Study - Building an Enterprise with the Potential for Scale and High Growth Prospects: Private Markets Focus

Presenter:
Shahril Ibrahim, Managing Partner, The Hive Southeast Asia

11.30 AM - 12.30 PM

Panel Discussion: Market-Based Funding Options for Halal Businesses

This session will focus on market-based funding options available to Halal businesses within the ambit of MSMEs, focusing on equity crowdfunding (ECF), peer-to-peer financing (P2P financing) and venture capital (VC).

  • The role of ECF, P2P financing and VC in the funding life cycle
  • What is the difference between bank financing and fund raising through ECF/P2P financing?
  • At what point do VCs play a role? What is the advantage of having a VC to provide funding?
  • As investing into technology companies seems to be the trend, what do non-technology businesses have to do differently to encourage investors?

Moderator:
Zalina Shamsudin, General Manager, Capital Markets Malaysia

Panelists:

  • Tunku Danny Nasaifuddin Mudzaffar, Founder and Chief Executive Officer, microLEAP
  • Wan Dazriq, Chief Executive Officer, ETHIS Malaysia
  • Jamaludin Bujang, Managing Director, Gobi Partners
12.30 PM

End of Day 1

9.45 AM - 10.00 AM

Participants to log in

10.00 AM - 11.00 AM

National Halal Industry Blueprint - Malaysia as a Halal Leader

The session will discuss the global Halal industry outlook and current status of Malaysia’s Halal industry. What are the strategic plans for the Halal industry and for the Malaysia’s halal market sustainability?

Moderator:
Azman Zakaria, Chief Executive Officer, IPEC Bureau

Panelists:

  • Remee Yaakub, Director, Halal, F&B and Agro-based section, MATRADE
  • Hanisofian Alias, Chief Industry Development OfficerHDC
  • Leonard Ariff Abdul Shatar, Group Managing Director, Duopharma Biotech
  • Dr Aishah Tul Radziah Lebai Hussin, Director and Chief Executive Officer, Dr Aishah Solution
11.00 AM - 11.20 AM

Case Study - Building an Enterprise with the Potential for Scale and High Growth Prospects: From Malaysia to the World

Presenter: Sinan Ismail, Chief Executive Officer and Founder, Digital Durian

11.20 AM - 12.00 PM

In conversation with HDC's World Halal Excellence Awards Recipient

Moderator:
Dhaliff Anuar, Head, Halal Consultancy & Advisory, HDC

Speaker:

  • Dato’ Raffiq Md Ariff, Director, Government and Industry Engagement & Halal Affairs, Fraser & Neave
12.00 PM - 12.20 PM

Case Study - Building an Enterprise with the Potential for Scale and High Growth Prospects: Raising Capital Sustainably

Presenter: Harith Ridzuan, Founder, The Green Factory

12.20 PM - 12.30 PM

Closing Remarks

Hairol Ariffein Sahari, Chief Executive Officer, Halal Development Corporation

12.30 PM

End of Forum

Featured Speakers

Datuk Syed Zaid Albar
01 / 04
Datuk Syed Zaid Albar
Executive Chairman, Securities Commission Malaysia

Datuk Syed Zaid Albar is the Executive Chairman of the Securities Commission Malaysia (SC). Prior to his appointment as the SC Chairman on 1 November 2018, he was the Managing Partner of an established law firm in KL.

Syed Zaid was appointed as Chairman of the Securities Industry Development Corporation (SIDC) in January 2020, the learning and development arm of the SC. He chairs the Board of Trustees of the Capital Market Development Fund (CMDF), a statutory fund established in 2002 with the objective of funding the development and promotion of the capital market.

As the Chairman of the Commission, Syed Zaid is a member of Bank Negara Malaysia’s Financial Stability Executive Committee (FSEC) chaired by the Governor of BNM and the Board of Trustees of the Financial Reporting Foundation.

Datuk Syed Zaid Albar
Dato' Mahmud Abbas
02 / 04
Dato' Mahmud Abbas
Chairman, Halal Development Corporation

Dato’ Mahmud Abbas was appointed as HDC Chairman on July 30, 2019.

He has over 30 years of corporate experience, particularly in the property industry. Prior to becoming the Chairman of HDC, he was the Chief Executive of Knowledge Economic City (KEC) a Public Listed Property Development Company in Madinah, Saudi Arabia.

He was also the Managing Director of Central Spectrum Sdn Bhd (CSSB) for 7 years, before being appointed to KEC. At Central Spectrum, he was responsible for the Development of Pulau Indah, Selangor.

The landscape of Pulau Indah was transformed with niche Industrial Park Development that he introduced. The 1st gated and guarded Industrial Park in Malaysia, The Pulau Indah Industrial Park (PIIP), attracted many multi-national companies such as IKEA etc.

Sharifatul Hanizah Said Ali
03 / 04
Sharifatul Hanizah
Said Ali
Executive Director, Islamic Capital Market Development, Securities Commission Malaysia

Sharifatul Hanizah is the Executive Director of Islamic Capital Market Development (ICMD) of the Securities Commission Malaysia (SC).

At ICMD, she leads a team that facilitates developmental initiatives for Malaysia’s Islamic capital market, reviews industry proposals and conducts compliance screening on public listed companies from the Shariah perspective. This encompasses initiatives through the deepening and broadening of ICM products and services, to further facilitate globalisation of Malaysia as an ICM hub.

Associate Prof Dr Aznan
04 / 04
Associate Professor Dr Aznan Hasan
Deputy Chairman, Shariah Advisory Council of the SC

Dr Aznan Hasan is an Associate Professor in Shariah at Institute of Islamic Banking and Finance (IIiBF), IIUM. He is currently the President, Association of Shariah Advisors in Islamic Finance (ASAS) He is also the Deputy Chairman, Shariah Advisory Council, Securities Commission Malaysia and Deputy Chairman, Shariah Advisory Committee, Employee Provident Fund (EPF).

He is also a member, Shariah Advisory Council, AAOIFI, Bahrain and Higher Shariah Authority, Central Bank of UAE. He also serves as a member of Board of Directors, Maybank Islamic Berhad. Before that, he served as Independent Non-Executive Director, Hong Leong MISG Takaful Berhad (2016-2019).

Datuk Syed Zaid Albar
Dato' Mahmud Abbas
Sharifatul Hanizah Said Ali
Associate Prof Dr Aznan
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Who Should Attend?

  • MSME Business Owners
  • ECF and P2P Financing Platform Operators
  • Government Agencies
  • Financial practitioners
  • Regulators
  • Shariah Advisers
  • Halal Industry Players
  • Venture Capital Corporations
  • Private Equity Firms

The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets.

The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007.

Halal Development Corporation spearheads the development of Malaysia’s integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal industry.

Established on 18 September 2006, HDC as it is also known, is the central coordinator that promotes participation and facilitates growth of industry players in the development of Malaysia’s Halal ecosystem. An agency under the Ministry of International Trade and Industry (MITI), it is the world’s first Government-backed halal industry development corporation.

As part of its developmental mandate, the Securities Commission Malaysia (SC) set up the Capital Markets Promotion Council (CMPC) in 2012 to strengthen its internationalisation agenda for Malaysia’s capital market. In 2014, the SC rebranded CMPC as Capital Markets Malaysia (CMM) to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure.

CMM profiles the competitiveness and attractiveness of the various segments of the capital market via a comprehensive and integrated approach to increase international participation and enhance opportunities for Malaysian capital market intermediaries.

CMM engages with a wide range of international and domestic stakeholders of the capital market. Our diverse network enables us to connect local capital market intermediaries to foreign stakeholders and provides a global platform to position Malaysia’s unique capital market offerings and expertise. As an affiliate of the SC, CMM also continuously engages with the capital market regulator, providing market insights, business development and stakeholder engagement support to market development initiatives.