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look back at 2007

  • 200+ participants 
  • 14+ countries represented
  • 50+ international speakers
  • 2 in-depth pre-conference workshops
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our speakers
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Sheikh Nizam Yaquby
Shariah Scholar
Bahrain
 Speaker photo
Naveed Kahn
Managing Director
ABC Islamic Bank
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Rushdi Siddiqui
Global Director - Islamic Financial Market Index
Dow Jones
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David Testa
Chief Executive Officer
Gatehouse Capital PLC
conference details
Workshops:

Pre-conference workshop: 
May 19, 2008

Retail foucs day:
May 20, 2008

Conference:
Day 1
May 21, 2008, 8.30am - 5:30pm
Day 2
May 22, 2008, 8.30am - 5:30pm

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Register online now
or call +1 212 379 6320
 

Programme


Monday, May 19 - Pre-conference workshop
Tuesday, May 20 - Retail focus day
Wednesday May 21 - Conference day 1
Thursday May 22 - Conference day 2

last modified: 13/05/2008 21:40:50 (GMT)

Monday, May 19 - Pre-conference workshop
The concept and methodology of sukuk
09.00
Sukuk and the core principles of Islamic investment and finance
  • Evolution of sukuk: understanding of the product within the framework of the Islamic law (Shariah)
  • Comparisons and contrasts of sukuk with other conventional capital market products
  • The process of structuring a Shariah compliant product
  • What is permitted and prohibited under Islamic law?  
 
Arsalaan Ahmad Siddiqi,
Islamic Finance Specialist

10.30
Morning networking and refreshment break
11.00
Practical application of current market trends and institutions
  • Current market overview and trends
  • Possibility of structuring sukuk under different Shariah contracts – e.g. fixed coupon sukuk, variable coupon sukuk
  • Understanding of Shariah contracts as a basis for sukuk tradability
 
Arsalaan Ahmad Siddiqi,
Islamic Finance Specialist

12.30
Luncheon and networking break
14.00
Development of a secondary market in sukuk
  • Secondary sukuk market divining factors
  • Evolution of ratings-based pricing on sukuk
  • Who are the players in secondary sukuk market?
  • Identifying the challenges facing secondary sukuk market

14.30
Afternoon networking and refreshment break
15.00
Trading sukuk on the secondary market
  • Malaysian experience in secondary sukuk market
  • Islamic capital market performance and the adoption of secondary sukuk market
  • Role of a credit rating agency in liquid secondary sukuk market
  • Deployment of Shariah compliant derivatives to hedge the risk of fluctuations in the secondary sukuk market

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Tuesday, May 20 - Retail focus day
08.30
Registration & coffee
09.00
Chairman’s opening remark
MEETING THE RETAIL NEEDS OF THE MUSLIM COMMUNITY
09.10
Keynote address: Islamic banking in a non-Muslim country
  • Competitive advantages to setting up an Islamic retail bank in a western country
  • The current market place for Islamic retail products
  • Appealing to the Muslim & non-Muslim community
 
Steven R. Watts, Professor of Islamic Economics,
Pepperdine University School of Public Policy

09.40
Panel: competing with conventional retail banks
  • Innovative product development and innovation
  • Successful Shariah compliant instruments 
 
David Loundy, Corporate Counsel,
Devon Bank
Omar Kalair, Chief Executive Officer,
UM Financial
Arsalaan Ahmad Siddiqi,
Islamic Finance Specialist

10.40
Morning networking & coffee break
 

OVERSEEING ISLAMIC RETAIL BANKS
11.20
Regulation and Shariah compliance
  • What are the constraints and concerns faced by Islamic retail product providers?
  • Legal & taxation issues
 
Stephen Ranzini,
University Bank & University Islamic Financial
Walied Soliman, Lawyer,
Ogilvy Renault

12.00
Luncheon & networking break
RETAIL PRODUCTS

13.30
Giving Muslim investors the same opportunities in equities as non-Muslim investors
  • Comparing opportunities in US for Muslim and non-Muslim investors
  • Muslim investors want the same choice of equity styles available to non-Muslim investors
  • Giving Muslim investors strategies diversified across equity styles
  • Comparing the performance of Shariah - compliant investments against conventional indexes
  • Clarity and integrity of selection process
 
 
John Lightstone, President,
Lightstone Capital

14.00
Case study: Shariah compliant mortgages
 
 
Robert Kott, Associate General Council, Legal Division,
Freddie Mac
David Loundy, Corporate Counsel,
Devon Bank

14.30
Case study: mutual funds
 
Usama DeLorenzo, Investment Manager,
Saturna Capital

15.00
Afternoon refreshments
15.30
Panel: the structure and dynamics of the takaful market

 
Ajmal Bhatty, Chief Executive Officer,
Tokio Marine
Mahmood Akoob, Managing Director,
Hannover Retakaful

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Wednesday May 21 - Conference day 1
08.30
Registration & coffee
08.50
Chairman's opening remarks
THE EVOLUTION OF ISLAMIC FINANCE
09.00
Panel discussion: role of a central bank in working with Islamic financial institutions
  • Cooperation between conventional and Islamic institutions: working together for common opportunities
  • Approaches to including Islamic financial products in a conventional institutional vehicle
  • Outlook for the growth of global Shariah compliant market
 
Naveed Khan, Managing Director,
ABC Islamic Bank

SERVING GLOBAL DEMAND FOR ISLAMIC FINANCIAL PRODUCTS

09.30
Panel discussion: successful drivers in growing the U.S. market for Islamic investors
  • What are the market drivers?
  • Competitive advantage across regions (Malaysia, UK, ME, US)
  • Ways in which we can remain true to the Islamic principles outside of an Islamic environment.
  • What challenges does the diversity of tax and regulatory systems between states pose to growth potential?
  • How do leading banks define “Islamic Finance” and what drives their investment activity?
  • How US investment banks can profit from the growth of Islamic financing options
  • How can Shariah compliant products in the North American market be further developed?
  • Is North America the next “hot spot”?
 
Haitham Abdou, Senior Manager Banking and Marketing & Product Development,
International Turnkey Systems
Alka Banerjee, Head of Global Equities,
Standard & Poors
Umar Moghul, Associate,
Murtha Cullina, LLP
David Scola, Director-Trust & Security Services,
Deutsche Bank

10.15
Morning networking & coffee break
10.45
Panel discussion: the public perception - Western media and Islamic finance
  • Identifying gaps in information
  • Looking at Islamic finance from a global perspective
  • Challenging views post 9/11
  • Moving forward: looking ahead
 
Steven R. Watts, Professor of Islamic Economics,
Pepperdine University School of Public Policy
Umar Moghul, Associate,
Murtha Cullina, LLP

11.15
Panel discussion: Shariah scholar’s forum
  • The role of Shariah approval in shaping Shariah compliant products
  • Impact of Shariah laws across various regions
  • Steps required in setting up a Shariah board
  • Dealing with supply and demand of Shariah scholars
  • What is the nature of the ongoing relationship with a Shariah board
 
Sheikh Nizam Yaquby, Shariah Scholar,
Baharain
Aznan Hasan, Counsel,
Bank Negara Malaysia
Zubair Usmani, Shariah Scholar, Shariah Advisor,
MCB Bank

12.00
Luncheon & networking break
SHARIAH COMPLIANCE AND REGULATORY CHALLENGES
13.30
Searching for alpha in the equity space
  • Institutional Muslim investors are very familiar with performance of conventional indexes
  • Institutional investors want Shariah compliant strategies that are expected to outperform these benchmarks and that are also faithful to these benchmarks, without style drift
  • Quantitative methods of stock selection allow an understanding of the risk profile of a strategy
  • Availability of  Shariah compliant strategies in well defined equity styles allows asset allocation
  • Managing risk by diversifying across equity styles
  • Broadening the concept of ethical investing and convergence of Islamic and conventional investing
 
John Lightstone, President,
Lightstone Capital

14.15
Panel discussion: regulating institutions
  • How can US regulation further facilitate banks offering Shariah compliant products?
  • Developing acceptable and dynamic regulations for Shariah compliant products
  • North American regulation, how to better accommodate Islamic finance?
  • What can North America learn from other regions?
 
Walid Alameddine, Chairman,
Banking Control Commission of Lebanon
Abdi Shayesteh, Associate Attorney,
King & Spalding

15.00
Speed networking

 

The revolutionary, exciting, quick and nonpressurized way to meet fellow conference delegates and industry peers in a fourty-five minute session. These brief meetings are the starting point for conversation and networking throughout the conference. This is where long lasting and fruitful relationships begin.


15.45
Refreshment break
SOCIAL INVESTMENTS AND SHARIAH COMPLIANCE
16.15
The ethical dimensions of Islamic finance
  • Have Islamic financial institutions been limiting themselves?
  • Bridging SRI and Islamic finance
  • Responsibility of Shariah scholars
  • New ideology and way of thinking: improving Islamic finance and making an impact on all markets
 
Suhail Ahmad, Chairman & Chief Investment Officer,
Ittihad Securities Inc

16.45
Panel discussion: the correlation between ethical investments, SRI funds, and Shariah compliance
  • Bridging the gaps/misconceptions of Islamic finance products in a conventional market
  • Global trends towards ethical investing and environmental protection
  • Investment performance, pros, cons, and opportunity costs
  • The commonality between screening processes
 
Reggie Stanley, Senior Vice President,
Calvert
Omar Kalair, Chief Executive Officer,
UM Financial
Jay Hebert, Partner,
Vinson & Elkins LLP

17.30
Cocktail hour and end of day one
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Thursday May 22 - Conference day 2
08.30
Registration & coffee
08.50
Chairman’s opening remarks
SUKUK: AN AMBITIOUS ALTERNATIVE
09.00
Keynote address
 
Sheikh Nizam Yaquby, Shariah Scholar,
Baharain

09.30
Panel discussion: the North American sukuk market
  • Diversification: How sukuk investors weathered the sub-prime credit crisis
  • The need for a secondary market
  • Difference between sukuk and a US conventional bond
  • What’s the true growth potential?
 
Isam Salah, Partner,
King & Spalding
Ibrahim A. Mardam-Bey, Chief Executive Officer,
Siraj Capital
Andreas Jobst, Economist,
International Monetary Fund, Monetary & Capital Markets Department
Christopher Messina, Managing Director,
Mannahatta Partners

10.15
Case study: East Cameron Gas sukuk
  • An overview of the first sukuk issued in the United States
  • Moving forward: what have we learned from this deal?
  • Why the move towards non-Islamic entities?
 
Ibrahim A. Mardam-Bey, Chief Executive Officer,
Siraj Capital
Ayman Khaleq, Partner,
Vinson & Elkins LLP

10.45
Morning networking & coffee break
SHARIAH COMPLAINT REAL ESTATE & PROJECT
11.15
Shariah requirements to enhance profits in real estate investments
  • Opportunities in the real estate sector and related investments
  • Conventional vs. Shariah compliant REITS – what are the differences?
  • Case studies of Islamic fund products in the North American market
 
Dr. Aly Khorshid, Islamic Finance Scholar,
Elite Horizon Economic Consultants
Salman Ibrahim, CEO,
Sunrise Equities Inc

12.00
Shariah compliant real estate opportunities in Canada
  • What is Shariah compliant Real Estate and how does it differ from conventional?
  • What products/opportunities are available?
  • Risks and Returns: Compliant versus Conventional 
 
Aqeel Anwar, Chief Executive Officer,
Anwar Global Properties

12.30
Islamic investment opportunities in India
 
 
Zafar Sareshwala, CEO,
Parsoli Corporation Ltd

13.00
Luncheon & networking break
14.00
Roundtable discussion:

Interactive roundtable discussions allow delegates to meet and discuss issues relevant to their job functions.

  • Roundtable 1: role of scholars, investors, and market participants in ethical Islamic finance
  • Roundtable 2: connecting MENA capital with North American opportunities
  • Roundtable 3: Sukuk
  • Roundtable 4: real estate
  • Roundtable 5: regulation
 
Suhail Ahmad, Chairman & Chief Investment Officer,
Ittihad Securities Inc
Aqeel Anwar, Chief Executive Officer,
Anwar Global Properties
Ayman Khaleq, Partner,
Vinson & Elkins LLP
Dany Assaf, Partner,
Ogilvy Renault LLP

15.00
Afternoon networking & coffee break
SHARIAH STYLE INVESTMENT MANAGEMENT ROUNDTABLES
15.45
Shariah style fund management
  • Evaluating the performance of an Islamic fund in relation to a conventional fund
  • Capitalizing on the increasing interest towards the Islamic funds industry
  • Practical dimensions to setting up Shariah compliant funds
    o Islamic hedge funds
    o Global equity funds
    o Shariah compliant pension plans
  • Shariah compliant ETFs
 
Eric Meyer, President & Chief Executive Officer,
Shariah Capital Inc
Hardeep Tamana, Chief Executive,
Fyshe Crestar
Saeid Hamedanchi, President & CEO,
Florentez Investment Management (ShariahShares)

PRIVATE EQUITY INVESTMENTS THAT MEET SHARIAH INVESTMENT STANDARDS
16.30
Islamic private equity
  • Meeting legal and regulatory requirements
  • Why private equity is suitable for Shariah complaint investors
  • Agreeing with your Shariah board: how far must you go?
  • A closer look at supply and demand
 
David Testa, Chief Executive Officer,
Gatehouse Capital

17.15
Chairman's closing remarks
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