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The 2nd International Islamic Financial Markets Conference Bahrain |
18th and 19th June 2007, Manama, Kingdom of Bahrain |
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Program |
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Day 1 - Monday 18th June 2007 |
08:00 - 08:30 |
REGISTRATION & MORNING COFFEE |
08:30 - 09:30 |
OPENING SESSION |
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Recitation of the Holy Quran |
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Welcome Address |
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Khalid Hamad
Executive Director-Banking Supervision,
Central Bank of Bahrain & Vice Chairman of International Islamic Financial Market
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Opening Address |
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H.E. Rasheed Al Maraj, Governor
Central Bank of Bahrain
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1st Keynote Address |
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Wafik Grais, Senior Advisor
The World Bank
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2nd Keynote Address |
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Dr. Ahmad Jachi, First Vice-Governor
Banque Du Liban, Lebanon |
09:30 - 11:00 |
SESSION 1: ISLAMIC LIQUIDITY MANAGEMENT |
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Introduction by Day 1 Moderator |
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Abdulkader Thomas, President & CEO
Shape Financial, Kuwait
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Short-term Liquidity instruments
Developing Islamic Liquidity Management tools
Liquidity concepts in Islamic banks
Liquidity measures, indices and systems
Securitization and Liquidity Management
Increasing the Secondary Market for Sukuk |
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Panelists: |
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Sh. Nizam Yaquby
Shariah Scholar, Bahrain
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Bryan Kraty
Islamic Finance Consultants, Bahrain
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Syed Tariq Husain, CEO
Emirates Global Islamic Bank, Pakistan
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Luma Saqqaf, Lawyer
Linklaters, UAE
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Colin Willis, Senior Advisor - Islamic Banking
Calyon Corporate and Invest Bank
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Badlisyah Abdul Ghani, CEO
CIMB Islamic Bank, Malaysia
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Q & A Session |
11:00 - 11:15 |
MID-DAY BREAK |
11:15 - 01:15 |
SESSION 2: ISLAMIC INTER-BANK MARKET |
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The Islamic Inter-Bank Market in key regions – role and state
Money Market Product innovations
State of Islamic Unit Trust Market
Sukuk Exchange issues
What makes Sukuk eligible to trade
Future developments and innovations
Role of Islamic Financial Contracts |
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Panelists: |
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Dr. Obiyathulla Ismath Bacha
Islamic Research & Training Institute, Saudi Arabia
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Qudeer Latif, Lawyer
Clifford Chance, UAE
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Mr Danie Marx, Head of Treasury & Capital Markets
European Islamic Investment Bank, UK
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Lilian Le Falher, Senior Manager-Head of Treasury
Kuwait Finance House, Bahrain
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Muhamed Becic
Shape Financial Corporation, Kuwait
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Q & A Session |
01:15 - 02:30 |
LUNCH |
02:30 - 03:00 |
SESSION 3: IIFM EFFORTS TOWARDS UNIFORMITY IN ISLAMIC FINANCIAL MARKETS |
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- Towards consensus on standardization of Islamic issues and documentation
- Legal and structural challenges facing the Islamic capital and financial market
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Moderator: |
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Abdulkader Thomas, President & CEO
Shape Financial, Kuwait
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Presentation: |
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Ijlal A. Alvi, Chief Executive Officer
International Islamic Financial Market, Bahrain
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Panelists: |
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Badlisyah Abdul Ghani, CEO
CIMB Islamic Bank, Malaysia
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Pervez Said, Director/Advisor
Islamic Banking Department, State Bank of Pakistan
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Q & A Session |
ICMA & IIFM SPECIAL SESSION: ISLAMIC PRIMARY & SECONDARY MARKET AND ICMA/IIFM POTENTIAL ISLAMIC CAPITAL MARKET DEVELOPMENT PROJECTS |
03:00 - 03:30 |
INTRODUCTION AND BRIEFING ON EARLIER DELIBERATIONS |
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Opening Address: |
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René Karsenti, Vice Chairman
International Capital Market Association (ICMA), UK
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Ijlal A. Alvi, Chief Executive Officer
International Islamic Financial Market (IIFM), Bahrain
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- ICMA/IIFM Memorandum of Understanding & benefit to the industry
- Briefing on 26th April and 18th May 2007 deliberations – findings and recommendations
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03:30 - 04:30 |
ISLAMIC PRIMARY MARKET DEVELOPMENT |
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Key Topics: |
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- Over view of Sukuk Market, potential & Issuance/Primary Market Challenges
- Islamic Primary Market Hand Book development
- Issues & Practical steps:
- Invitation message (transaction type)
- Agreement among managers
- Offering circular/ prospectus
- Pricing supplement and final terms
- Subscription agreement
- Other recommendations
- Other Sukuk documents |
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Panel/Floor Discussion: |
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Badlisyah Abdul Ghani, CIMB Islamic, Malaysia
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AbdulKader Thomas, Shape Financial, Kuwait
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Luma Saqqaf, Linklaters, UAE
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Habib Motani, Clifford Chance, UK
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Prof. Mahmood Faruqui, UK
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Dominic Selwood, Deutsche Bank AG, UK
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Marco Dondi, Al Salam Bank, Bahrain
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Jamal Abbas Zaidi, Islamic International Rating Agency, Bahrain
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Waheed Qaiser, Managing Partner
Qatar Consulting Co. (QCC)
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Dr. Mohamad Akram Laldin
International Islamic University Malaysia
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04:30 - 05:30 |
ISLAMIC SECONDARY MARKET DEVELOPMENT |
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Key Topics: |
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- Development Challenges and way forward
- Shariah
- Legal
- Operational
- Accounting
- Other
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Panel/Floor Discussion: |
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Ismail Dadabhoy, UBS, UAE
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Luma Saqqaf, Linklaters, UAE
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Habib Motani, Clifford Chance, UK
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AbdulHak El Kafsi, Islamic Finance Consultants, Bahrain
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Khalid Yousaf, IHG Securities, UAE
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Dato Zukri Samat, Bank Islam, Malaysia
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Ali Ahmed Siddiqui, Meezan Bank, Pakistan
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END OF DAY 1 |
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Day 2 - Tuesday 19th June 2007 |
08:30 - 09:00 |
REGISTRATION & MORNING COFFEE |
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OPENING SESSION |
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Opening Address |
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A. Riawan Amin, President Director
Bank Muamalat, Indonesia |
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Keynote Address |
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Agil Natt, Chief Executive Officer
INCEIF, Malaysia |
09:00 - 10:15 |
SESSION 1: ISLAMIC REAL ESTATE INVESTMENT TRUSTS |
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Opportunities, potential and developing Islamic REIT’s
REIT’s listing and cross-border issues
Shariah and legal structuring issues in Islamic REIT’s |
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Moderator: |
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Arshad Zaman, Ex-Chief Economist & Special Planning Secretary Government of Pakistan
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Panelists: |
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Abdul Rahman Al Baker, Executive Director-Financial Institutions Supervision,
Central Bank of Bahrain
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Dr. Syed Salman Ali, Islamic Research & Training Institute (IRTI), Saudi Arabia
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Kamal Quadir, Head of Structure Finance
Captial Management House, Bahrain
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Mohd Effendi Abdullah, Director / Head, Islamic Markets & Public Sector AmInvestment Bank Berhad
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Q & A Session |
10:15 - 11:30 |
SESSION 2: ISLAMIC UNIT TRUSTS |
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- Unit Trust trends and opportunities in OIC countries
- Developing Universal Islamic Unit Trust – structuring, legal and Shariah issues
- Scope for uniformity analysis
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Moderator: |
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Dr. Zaha Rina Zahari, Director
MAA Assurance, Malaysia
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Panelists: |
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Mohammed Ayman Al Tajer, Director-Financial Institutions Supervision
Central Bank of Bahrain
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Roslan Abdul Razak,Director Business Advisor
Islamic Banking and Finance Institute Malaysia (IBFIM), Malaysia
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Prof. Mahmood Faruqui, Vice Chairman
Institute of Islamic Banking & Insurance, UK
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Shahrin Shaikh Mohamad, Asst. Head – Trust Investment Managment Securities Commission, Malaysia
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Dr. Burhan Arbouna, Shariah Scholar, Bahrain
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Q & A Session |
11:30 - 11:45 |
MID-DAY BREAK |
11:45 - 01:00 |
SESSION 3: ISLAMIC HEDGING FRAMEWORK & DEVELOPMENT |
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- Emerging trends and potential
- Concept of Hedging in Islamic Finance
- Framework and legal structure
- Use of derivatives – conventional vs Islamic
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Moderator: |
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Ahmed Adil, Partner
Ernst &Young, Bahrain
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Shariah Scholars: |
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Sh. Nizam Yaquby, Shariah Scholar, Bahrain
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Panelists: |
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Dr. Sami Al Suwailem,
Islamic Research & Training Institute, Saudi Arabia
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Habib Motani, Partner
Clifford Chance, UK
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Robert Pickel, CEO
ISDA New York
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Safdar Alam
Industry Expert
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Q & A Session |
01:00 - 01:15 |
CLOSING SESSION |
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- Closing Keynote – Ijlal A. Alvi, Chief Executive Officer, IIFM, Bahrain
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01:15 - 02:30 |
LUNCH |
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END OF DAY 2 |
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Organizer |
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Joint Organizer |
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Islamic Research and Training Institute
A Member of the Islamic Development Bank Group |
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Supported by |
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Platinum Sponsor |
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Gold Sponsors |
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Silver Sponsor |
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Lunch Sponsor |
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Educational Sponsor |
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