Islamic Capital Markets in ASEAN: From Potential to Regional Market Depth

We examine the development of Islamic capital markets across ASEAN and the shared challenge of transforming regional scale and demand into sustained issuance, liquidity, and market depth. The discussion will explore opportunities and constraints in corporate sukuk and Shariah-compliant capital raising across ASEAN markets, including issuer readiness, pricing dynamics, cross-border structures, and secondary market participation.

We discuss how innovation, fintech and regulatory collaboration can broaden the issuer base, strengthen investor confidence and support a more resilient Islamic capital markets ecosystem.

Moderator:

Rafiza Ghazali, Managing Director, Consumer Banking, Fasset

Panelists:

Boniarga Mangiring, Investment Specialist, Credit Guarantee and Investment Facility
Dimas Yusuf, Investment Director, Sucor Asset Management
Dien Sukmarini, Senior Assistant Director of Capital Markets and Islamic Capital Market Development Directorate, Financial Services Authority (OJK)
Irwan Abdalloh, Senior Vice Director, Head of Islamic Capital Market Division, Indonesia Stock Exchange
Dr Mohamad Zabidi Ahmad, Regional Chief Representative, DDCAP Group™