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?
|
| |
|
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
|
| |
|
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
|
|
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
|
| |
|
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
|
| |
|
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
|
| |
|
14.00 | Case study: Shariah compliant mortgages
|
| | Robert Kott, Associate General Council, Legal Division, Freddie Mac
|
14.30 | Case study: mutual funds |
| |
|
15.00 | Afternoon refreshments
|
15.30 | Panel: the structure and dynamics of the takaful market
|
| |
|
|
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
|
| |
|
| 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 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
|
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
|
| |
|
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
|
| |
|
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?
|
| |
|
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
|
| |
|
17.30 | Cocktail hour and end of day one
|
|
Thursday May 22 - Conference day 2
|
08.30 | Registration & coffee
|
08.50 | Chairman’s opening remarks
|
| SUKUK: AN AMBITIOUS ALTERNATIVE |
|
09.00 | Keynote address |
| |
|
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?
|
| | Andreas Jobst, Economist, International Monetary Fund, Monetary & Capital Markets Department
|
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?
|
| |
|
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
|
| |
|
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
|
| |
|
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
|
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 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
|