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.
9.30 AM - 10.00 AM
10.00 AM - 10.05 AM
10.05 AM - 10.15 AM
Dato’ Mahmud Abbas, Chairman, Halal Development Corporation
10.15 AM - 10.25 AM
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
Sharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, SC
- 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
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?
Zalina Shamsudin, General Manager, Capital Markets Malaysia
- Tunku Danny Nasaifuddin Mudzaffar, Founder and Chief Executive Officer, microLEAP
- Wan Dazriq, Chief Executive Officer, ETHIS Malaysia
- Jamaludin Bujang, Managing Director, Gobi Partners
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?
Azman Zakaria, Chief Executive Officer, IPEC Bureau
- Remee Yaakub, Director, Halal, F&B and Agro-based section, MATRADE
- Hanisofian Alias, Chief Industry Development Officer, HDC
- 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
Dhaliff Anuar, Head, Halal Consultancy & Advisory, HDC
- 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
Hairol Ariffein Sahari, Chief Executive Officer, Halal Development Corporation
End of Forum
Who Should Attend?
- MSME Business Owners
- ECF and P2P Financing Platform Operators
- Government Agencies
- Financial practitioners
- Shariah Advisers
- Halal Industry Players
- Venture Capital Corporations
- Private Equity Firms