George Clason
Mike Maguid Abdeelaty President
American Finance House LARIBA, USA
Rushdi Siddiqui Global Director
Dow Jones Islamic Indexes, USA
Mahmood Al-Khanderi Director - Legal &
Compliance
Kuwait Investment Authority
Sultan Choudhury Director of Sales
Islamic Bank of Britain plc, UK
Dato’ Dr Adnan Alias Chief Executive Officer
Islamic Banking & Finance Institute
Malaysia
Leong Sze Hian President
Society of Financial Services Professionals
Representative
Inter-American Economic Council
Dr. Zainal Azam Abd Rahman Director
Al-Muamalah Centre for Research in Islamic
Business & Finance Malaysia
Member
Shariah Advisory Council, Alliance Bank
Malaysia
Ahmad Zaini Othman Chief Executive Officer
AmIslamic Bank
Shamsun Hussain Director & Head of Debt
Market
CIMB Islamic Bank
Hasan A Bilgrami Chief Executive Officer
BankIslami Pakistan
Haitham Abdou Senior Manager
Banking Marketing and Product Development
International Turnkey Systems Dr. Mohamad Akram Laldin Chairman
HSBC Amanah Shariah Advisory Board
Malaysia
Alhami Mohd Abdan Head, Islamic Finance
Investment Banking
OCBC Bank Mujeeb Beig Senior Vice President & Head of
Research & Product Development
First Dawood Islamic Bank
Sharifah Shafika Alsagoff Partner
Mohamed Ridza & Co
Arfat Selvam Managing Director
Arfat Selvam Alliance Baljeet Kaur Grewal Director & Chief Economist
Kuwait Finance House
Muhammad Shoaib Executive Vice President and
Director
First Habib Modaraba
Hajah Rohani Datuk Hj Mohd Shahir Executive
Chairman
Hijrah Strategic Advisory Group
Koichi Hasegawa Resident Director & Senior
Economist
Japan Center for International Finance,
Singapore
Takahiro Sekido Senior Economist
Japan Center for International Finance,
Singapore
Dr. Syed Musa al Habshi Senior Partner
International Institute of Islamic Finance,
Inc.
Member of Working Group for Islamic Financial
Reporting Standards
MASB
Naoto Nomura Chief Finance Officer
NDC Investment
Contact Marketing at marcus evans
Tel : +603 2723 6611
Fax : +603 2723 6622
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0900 Opening and Welcome Remarks from the Chairperson
0915 Plenary One: Prospects for an Islamic Stock Exchange
Rushdi Siddiqui Global Director
Dow Jones Islamic Indexes, USA
1000 Plenary Two: Sharing the experience of American Finance House in helping to develop the first Islamic Revenue Bonds in Singapore
Mike Maguid Abdeelaty President
American Finance House LARIBA, USA
1045 Morning Refreshments
1115 Plenary Three: Governmental Islamic Sukuk: Convenient instruments to monitor and supervise Islamic banking and financial institutions
Mahmood Al-Khanderi Director - Legal & Compliance
Kuwait Investment Authority
1200 Expert Panel Dialogue: Becoming of an Islamic asset and wealth management centre: Singapore’s potential in servicing the Islamic wealth industry:
• Leveraging on Singapore’s wealth management strength in sustaining the industry
• Opportunities in servicing the Islamic wealth industry
• How can the government support the Islamic finance market growth in Singapore?
Moderator:
Rushdi Siddiqui Global Director
Dow Jones Islamic Indexes, USA
Panellists:
Selected speakers of the conference
1245 Networking lunch
1400 Chairman’s Opening Remarks
1415 Regulation and supervision: Creating a framework for Islamic banking and finance to flourish
• The need for a strong regulatory framework catered to the need of Islamic banking and finance
• Establishing a reasonable framework for Islamic products and organisations
• Placing greater emphasis on transparency and strong corporate governance practices
Hasan A Bilgrami Chief Executive Officer
BankIslami Pakistan
1500 Impact of Financial Reporting on Risk
Management & Governance of Islamic
Banks
• Unique features of Financial Reporting of Islamic
Financial Institution
• Risk Exposures of Islamic Bank
• Governance mechanism of Islamic Bank
• Investment Account Holders vis a vis shareholders
Expectations
• Disclosures promoting Transparency & Market
Discipline
Dr. Syed Musa al Habshi Senior Partner
International Institute of Islamic Finance,
Inc.
Member of Working Group for Islamic Financial
Reporting Standards
MASB
1545 Afternoon Refreshments
1400 Chairman’s Opening Remarks
1415 Global Islamic Funds Industry: Growth &
Potential in Asia
• Review of current status of the Islamic fund market
• Examining the corporate investment policy and key criteria for assessing investment options
• Considering future investment strategy direction, the need for diversification and risk management – what more is expected from Islamic funds?
• Issues to consider when creating dedicated Muslim country Islamic funds
Baljeet Kaur Grewal Director & Chief Economist
Kuwait Finance House
1500 Islamic real estate funds in reference to
Japan real estate market potential
• What is the appetite for Islamic real estate funds in
Japan
• Regulatory and tax issues for Islamic Fund in Japan market
• Predominant real estate fund structure and financing structure
• Dealing with investors expectation
Naoto Nomura Chief Finance Officer
NDC Investment
1545 Afternoon Refreshments
1400 Chairman’s Opening Remarks
1415 Reviewing Islamic capital markets global trends
• Key components of the Islamic capital market and its activities
• Understanding the capital market instruments –
Islamic bond, hedge funds, unit trusts, etc
• Examining new growth potential of emerging markets for Islamic capital products
• Strategies for Islamic capital development
Dr. Mohamad Akram Laldin Chairman
HSBC Amanah Shariah Advisory Board
Malaysia
1500 Sukuk market: Advantages, requirements and future prospects
• Understanding the product within the framework of
Islamic law
• The potential of sukuk in Islamic investment environment
• Dealing with credit risk in sukuk including covenants, credit enhancements and other collateral issues
• Rating of sukuk: the need for the exercise and how it is done
Sharifah Shafika Alsagoff Partner
Mohamed Ridza & Co
1545 Afternoon Refreshments
1615 Miniworkshop
The role of Islamic fixed income securities instruments in the development of Islamic financial industry
• Overview of Islamic financial market
- Industry components
- Equity vs Debt
- Why Islamic fixed income securities
- Legal framework
• Introduction to Shariah principles: Definition and Concepts
• Development of Islamic Debt Capital Market
- Trends and outlook
- Evolution of Sukuk structure
• Islamic financial instruments for liquidity management (Malaysia / SEA vs Missle East / GCC)
• Taxation for Islamic Fixed Income Securities
- Tax incentives and tax neutrality
- Malaysia International Islamic Financial Centre
• Case studies review on Guthrie Group & Tabreed
Shamsun Hussain Director & Head, Debt Market
CIMB Islamic Bank
1745 End of Day One
0900 Opening and Welcome Remarks from the Chairperson
0915 Plenary One: Branding Islamic products: Generating interest in Islamic Financial products
Dato' Dr. Adnan Alias Chief Executive Officer
Islamic Banking & Finance Institute Malaysia
1000 Plenary Two: Islamic banking technology: Creating new business models
Haitham Abdou Senior Manager, Banking Marketing & Product Development
International Trunkey Systems
1045 Morning Refreshments
1110 Chairman’s Opening Remarks
1120 Capitalising on the latest trends, new product innovations and market opportunities in the retail consumer segment
• Global and regional trend of the Islamic financial market
• Progress and development of consumer segment in
Malaysia
• New product innovations to meet customers demand
Ahmad Zaini Othman Chief Executive Officer
AmIslamic Bank
1220 Networking lunch
1400 Successful strategies to meet the requirements of a new type of market and customer - Focus On Muslim Minorities
• Understanding the importance of the promising
Muslim market
• Benefiting from the new demographic and economic realities in the market: the segment of the future
• Learning how to identify and target emerging population niches
• Different origins, different realities, different products: approaching Muslims with customized services
• Training to understand: How to ensure that your workforce empathises with Muslims
Sultan Choudhury Director of Sales
Islamic Bank of Britain plc, UK
1440 Shariah Wealth Management
• Concept of shariah wealth management
• Role of shariah wealth managers
• Shariah wealth management software-templates
Hajah Rohani Datuk Hj Mohd Shahir Executive
Chairman
Hijrah Strategic Advisory Group
1110 Chairperson’s Opening Remarks
1120 Structuring Islamic REITs
• Shariah guidelines for Islamic REITs
• Basic Islamic finance principles and their conceptualisation for Islamic REITs
• How different are Islamic REITs from the perspective of the investor, tenant, landlord?
Leong Sze Hian President
Society of Financial Service Professionals
Representative
Inter-American Economic Council
1220 Networking lunch
1400 Sukuk as a real estate investment vehicle
Sukuk can be a very vibrant vehicle for real estate development and investment and could be structured on the basis of Istisna'a, diminishing Musharaka, Ijara or through Services Ijara to finance big tickets projects in the field of real estate. Great financial markets are available to issue Sovereign and Corporate Sukuk backed by real estate assets even before the start of a project. Islamic investors need to diversify their investment portfolios and Islamic Bonds are important to help fill the gap in shari'ah compatible income generated from tradable instruments.
Muhammad Shoaib Executive Vice President and
Director
First Habib Modaraba
1440 Legal considerations in real estate investments
• Shariah considerations for real estate investing and its legal implications
• How to structure Shariah compliant real estate acquisition transactions and real estate investment funds
• Exiting a Shariah real estate investments
• Documentation Issues
Arfat Selvam Managing Director
Arfat Selvam Alliance
1110 Chairman’s Opening Remarks
1120 Reviewing global development in Islamic securitization and potential opportunities
• Securitisation from Shariah perspective
• Rules on negotiability of Islamic securities
• Rules governing assumption of ownership risks and rights to investment returns/profits
• Credit enhancement and events of default issues
• Prospect for globally Shariah compliant Islamic securities
• Legal concepts in Islamic asset securitisation and how
Islamic financing schemes are structured
Dr. Zainal Azam Abd Rahman Director
Al-Muamalah Centre for Research in Islamic
Business & Finance Malaysia
Member
Shariah Advisory Council Alliance Bank
Malaysia
1220 Networking lunch
1400 Exploring the potential of Islamic Bonds
• The need to widen and diversify the types of
Islamicbonds
• Key essentials favoring a well subscribed bond issue
• The need to innovate towards alternative structures
Alhami Mohd Abdan Head, Islamic Finance
Investment Banking
OCBC Bank
1440 Structuring a project financing deal with
Islamic securitisation
• Securitisation in the context of corporate financing choices
• What is the best mix of financing sources for particular companies?
• How does asset securitisation fit in?
• Who should invest in asset-backed securities?
Mujeeb Beig Senior Vice President & Head of
Research & Product Development
First Dawood Islamic Bank
1520 Afternoon Refreshments
1550 Plenary Three: New market review - Potential financial market in Japan and Islamic finance
Koichi Hasegawa Resident Director & Senior Economist
Japan Center for International Finance, Singapore
Takahiro Sekido Senior Economist
Japan Center for International Finance, Singapore
1630 Expert Panel Dialogue: Industry roadmap review: Forecasting megatrends in Islamic banking and finance sector
• Anticipating the future of Islamic finance and its global potential
• Standardization of practices between regions - updates and challenges
• Predicting major growth areas in Islamic finance and Islamic products
Moderator:
Baljeet Kaur Grewal Director & Chief Economist
Kuwait Finance House
Panellists:
Selected speakers of the conference
1730 Chairman’s Closing Remarks
1740 End of Conference marcus evans reserves the right to change the venue of, or speakers at the conference should circumstances require. © marcus evans
Contact Marketing at marcus evans
Tel : +603 2723 6611
Fax : +603 2723 6622
Email : cheongk@marcusevanskl.com
International Turnkey Systems (ITS) offers ICT solutions which enable organisations to keep pace with the evolving changes in today’s competitive business environment. ITS provides cutting-edge solutions to the Banking and Finance industry through our resource pool of over 1,250 skilled IT professionals based in 19 offices worldwide.
A Universal Banking Solution covering the retail Banking, Corporate
Banking, based a robust service-oriented Architecture providing multi channel delivery. ITS’s unique Islamic banking solution is based on the first
“Islamic Instrument Definition Engine” which allows Financial organizations to create their own Shariah compliant products, workflow, and processes.
Moody's Investors Service is among the world's most respected, widely utilized sources for credit ratings, research and risk analysis. Moody's commitment and expertise contributes to stable, transparent and integrated financial markets, protecting the integrity of credit. Moody's ratings and analysis track debt covering more than 100 sovereign nations, 12,000 corporate issuers, 29,000 public finance issuers, and 96,000 structured finance obligations.
Moody's Investors Service is a subsidiary of Moody's Corporation (NYSE:
MCO). Additional information is available at www.moodys.com.
Experian is a global leader in providing information solutions to organisations and consumers. It helps organisations find, develop and manage profitable customer relationships by providing information, decision-making solutions and processing services. It empowers consumers to understand, manage and protect their personal information and assets.
Experian works with more than 50,000 clients across diverse industries, including financial services, telecommunications, healthcare, insurance, retail and catalogue, automotive, manufacturing, leisure, utilities, ecommerce, property and government. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Costa Mesa, California. Its
12,000 people in 26 countries support clients in more than 60 countries.
Annual sales exceed US$2.2 billion.
Top management - President Directors, COOs, CIOs, Chief Investment
Officers, Chief Risk Officers, Chief Credit Officers, Managing Directors, Vice
Presidents, Heads and Managers of:
• Islamic Bankers
• Corporate Financiers
• Investment Bankers
• Corporate and Commercial Bankers
• Private Bankers
• Analysts
• Portfolio Managers
• Lawyers
• Investment Advisors
• Regulators
• Insurance specialists
• Auditors and compliance
Primary market:
• Islamic Commercial banks
• Conventional banks
• Islamic Banking Unit
• Islamic fund management
• Islamic Insurance
Secondary market:
• Vendors/solution & service providers
• Regulatory bodies - Government Authorities
• Regulatory bodies - Government Authorities
• Legal Firms & Consultancy
• Industrial Association/Professional Bodies
• Investment Banks
• Financial/Risk Institutions
Islamic financial products are fast becoming the favourite of the global banking industry as many mainstream banks are beginning to offer Islamic banking products and services to consumers, attracting Muslims and non-
Muslims alike. The trend is mostly due to risk sharing, ethical provisions and no-interest policies requirements in the service offering itself. Current estimates put the size of the global market at between 200-300 billion US dollars and growing at 15 percent annually.
This conference will address the trends, opportunities and challenges facing
Islamic banking and financial sector as well as strategic framework to be implemented in order to enhance the growth of the Islamic financial industry.
Follow your own agenda with a choice of six streams over 2 days:
• Stream One: Regulatory and governance
• Stream Two: Asset and Fund Management
• Stream Three: Islamic Capital Market
• Stream Four: Islamic Retail Banking
• Stream Five: Islamic Real Estate
• Stream Six: Islamic Securitisation and Structured Finance
• Exploring the growth of islamic banking products
• Obtaining insights in the developments of Islamic capital market
• Meeting the differences of conventional and Islamic banking and financial services delivery
• Structuring Shariah compliant products within the framework of conventional banking
• Assessing the future opportunities for Takaful insurance
• Effectively marketing the Islamic banking products
Eurekahedge is a research and publication house focusing on alternative investments. Founded in 2001 Eurekahedge has grown rapidly to become one of the most widely used and quoted alternative research houses worldwide. Eurekahedge has produced a suite of hedge fund indices, an
Asian hedge fund directory, a global fund of funds directory, a European hedge fund directory, a North American hedge fund directory and the world’s first Latin American hedge fund directory, covering over 5300 funds as well as a collection of educational guides for both hedge funds and investors.
Eurekahedge has offices in Singapore, Hong Kong, London, Tokyo and
New York. Eurekahedge also provides consultancy and advisory services, hedge fund start-up services and capital introduction.
For more information, please contact Alexander Mearns, alex@eurekahedge.com, in Singapore on +65 6212 0924
Published in association with the European-Associations of Corporate
Treasurers (EACT), Treasury Management International (TMI) is the only truly international monthly magazine dedicated to the corporate treasury function. It has a unique editorial style of being written by treasurers for treasurers, thus creating a monthly forum for the discussion of key issues that affect treasurers throughout the world.
Through this publishing agreement, EACT provides information on its work and projects to its members and practitioners in the world of treasury and corporate finance. www.treasury-management.com
The Institute of Islamic Banking and Insurance London is an independent non-profit organisation providing distance learning and vocational training for the professional development of those aspiring for a career in the Islamic financial services industry worldwide. NewHorizon is the official magazine of the Institute with a readership in 90 countries.
Islamic Finance News is the world's leading Islamic finance publication, this is a weekly e-newsletter covering all realms of Islamic finance, providing professionals around the globe with a vehicle to educate and understand the market, the players, the individuals and perhaps more importantly the benefits over and comparatives with the conventional capital markets banking system.
Acknowledgement
I would like to thank all the world-leading visionaries, solution providers, associations, operators, end-users and delegates who have contributed to and supported the inaugural marcus evans International Islamic Banking & Finance
Forum 2007 regional event. I would particularly like to mention our speakers for their help in the research behind the event and also our sponsors for their continued support and commitment.
On behalf of marcus evans we hope you have a rewarding, enjoyable and productive time. I personally look forward to meeting you all and working with you at our future regional events planned in 2007.
See you in July!
Sheirly Alfred
Conference Production Manager - Regional