President's Message


Dear members of the Islamic finance fraternity and industry,

It is with great pride and humility that I am honoured to serve as president of GASCIA, and play a meaningful role in the development of Islamic finance in the region.

GASCIA aims to organize, lead and support key and strategic programmes and initiatives that will offer support to, and boost participation in, the Islamic finance industry.


Specifically, we will focus in the near term on 3 key areas:

1. Engaging industry players

GASCIA has for months been seeking the views of regulator, financial institutions, aspiring issuers and fund managers, and service providers, to understand the issues and challenges faced by them in field of Islamic finance. We will continue to build on these efforts through focus group discussions and events to gain a meaningful understanding of the concerns and aims of stakeholders in the industry.

2. Enhancing value for industry players

Following the emphatically successful inaugural Islamic Finance Services Conference 2013 jointly organized by GASCIA with The Singapore Business Federation and the Singapore Malay Chamber of Commerce and Industry, GASCIA now has a solid platform to build on its industry engagement initiatives.

The association believes that the end-product of canvassing and understanding the views of industry players is to be able to support initiatives and movements that will advance and shape theindustry, and recommend and lead reforms, standards and initiatives that will ultimately assist industry players to achieve their goals of participating in the Islamic finance market. GASCIA aims to intensify and focus this effort, and place more emphasis on finding and creating solutions to barriers of entry through innovative and out-of-the-box thinking, so as to bring Islamic finance to the mainstream market and business community. With these efforts, our association hopes to help bring Islamic finance transactions, products and structures to life.

3.  Expanding connectivity among industry players

It is heartening to see a constant increasing interest in Islamic finance and new interest groups being formed, all intending to play a role in Islamic finance. GASCIA believes that the industry will benefit from such interest groups working together, and aims to connect the dots between such interest groups with potential participants, investors and issuers, to further strengthen the ties in the Islamic finance community, capitalize on opportunities and ideas, facilitate industry players feeding off each other’s energy, passion and thoughts, and move the industry in a unified manner for greater industry progress.

This is a great time for Islamic finance and there is more to come. Together, we can bring Islamic finance to greater heights!

If you have any ideas to contribute or any feedback, please feel free to send me a personal message at My committee and I look forward to hearing from you.


Thank you!


Yours sincerely,

Bobby Tay,

President, GASCIA


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