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Conference day one, Tuesday 9 June 2009
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7.15am | Registration and refreshments
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8.15am | Chairperson’s welcome remarks
Ebrahim Patel, CEO, IslamicFinance, South Africa
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| Islamic perspective on the international economy |
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8.30am | Keynote address: Defining the growing interest in Islamic
finance
- Increasing financial opportunities in Muslim majority countries: what are the secrets and where are the limits?
- What are the products and why are they not growing fast?
- How to enhance the flow of foreign and intra-regional capital
Ahmad Riawan Amin, Islamic Scholar and President Director, Muamalat Islamic Bank, Indonesia
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9am | Panel session: Where are the growth opportunities for Islamic finance?
- Are Shariah compliant investments really safer?
- Are Islamic banks well placed to pursue new growth avenues?
- Which regions provide attractive opportunities for development?
- Which products and markets offer high growth potential?
Hajara Adeola, Managing Director, Lotus Capital, Nigeria
Mujeeb Beig, SVP and Head of Research and Product
Development, First Dawood Islamic Bank Limited, Pakistan
Dr Ishrag Hussein Mohamed Dirar, former Director Microfinance Unit Central bank of Sudan, Sudan
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| Dawn of Africa – penetrating new markets |
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9.45am | Continuing development of Islamic finance across Africa
- What has been changing and where?
- Government support in Africa towards the flow of capital
- Understanding mutual cooperation in international Islamic finance development
- Building competitive advantage for long-term success
Hajara Adeola, Managing Director, Lotus Capital, Nigeria
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10.15am | Morning refreshments and networking
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11am | Panel session: Islamic banking in a non-Islamic world
- Looking into Islamic finance entering new markets
- Value of becoming a centre for Islamic finance
- What regulatory frameworks are being put in place that will enable industry development?
- Which countries have the greatest potential and how can a country acquire a competitive advantage
Moderator:
Isaac Fokuo, Principal, Botho Advisory Group, United States of America
Nathif Adam, CEO, First Community Bank, Nairobi, Kenya
Dr Ishrag Hussein Mohamed Dirar, former Director Microfinance Unit Central bank of Sudan, Sudan
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| Tapping the emerging boom in Islamic retail banking |
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11.45am | Keynote address: Opportunities in the Islamic banking space
- Demand side challenge: how to “convert” conventional customer into Islamic?
- Supply side challenge: what types of product will tick?
- Challenges in innovation: identifying limits to innovation
Dr Ishrag Hussein Mohamed Dirar, former Director Microfinance Unit Central bank of Sudan, Sudan
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12.15pm | Networking lunch and prayer
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2.15pm | Shariah micro credit
- Why micro credit is important in improving access to financial services
- A global overview of shariah based micro credit programmes including outreach
- Its growth potential versus conventional finance
- Which products have proven effective
Rashid Ahmed, Senior Manager, FinMark Trust, South Africa
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2.45pm | The evolution of Sukuks in the Islamic landscape
- Tapping into the growing market of Shariah compliant funds as a
- source of infrastructure investment
- Using Sukuk for project financing
- Innovative Sukuk structuring: benefits for issuers and investors
Nathif Adam, CEO, First Community Bank, Kenya
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3pm | Networking and afternoon refreshments
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| Islamic standards and regulation |
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3.30pm | International keynote address: Driving global Islamic finance forward by setting industry standards – AAOIFI update
- Standardisation of international Islamic finance practices
- The need for standardisation of Islamic finance practices
- Adoption of AAOIFI’s standards and current status of jurisdictions in adopting AAOIFI’s standards
- AAOIFI standards supporting the Islamic financial industry
Khairul Nizam, Secretary General, AAOIFI, Bahrain
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| Shariah scholar power session |
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4.30pm | Keynote panel session: Evaluating the importance of the Shariah framework
- Does contemporary Islamic banking and finance meet Shariah compliant conditions and its principles?
- Where is the liquidity in a Shariah fund?
- Overcoming the challenges in marrying the structures of Islamic law with existing investment tactics
- Addressing the shortage of Shariah talent
Dr Muhammed Qaseem, Country Head of Shariah
Dubai Islamic Bank, Pakistan
Sheikh Nizam Yaquby, Shariah Scholar, Bahrain
Syed Tariq Husain, CEO, Emirates Global Islamic Bank, Pakistan
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5.15pm | End of conference day one
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Conference day two, Wednesday 10 June 2009
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8am | Refreshments
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8.25am | Chairperson’s opening remarks
Ebrahim Patel, CEO, Wesbank, South Africa
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| Evolution of Islamic investment banking |
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8.30am | Keynote address: Corporate and investment banking: Capturing the next wave of big deals
- Exploring key trends in the corporate and investment banking markets
- Islamic asset management and wealth management
- What are the latest developments in the Islamic capital markets and implications for players?
- The way forward
Saadaat Yaqub Bajwa, Head Debt Capital Markets, Noor Islamic Bank PJSC
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| Identifying opportunities in Islamic investment products |
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9am | Recent developments in Islamic securitisation
- Is securitisation a central focus to Islamic finance services
- Sukuk-bond equivalents and asset securitisation equivalents
- Structuring considerations; Shariah compliance parameters
- Ratings agency issues
- Opportunities for African issuers: the first asset securitisation Sukuk
Nauman Ali, Islamic Solutions
Formerly from ABSA Private Bank, South Africa
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9.45am | U-turn
 Things that keep you awake at night
You have voted for these topics! Your chosen speakers will now offer you real-time, spontaneous solutions and commentary on the issues that keep you awake at night. Bring your questions to this spontaneous discussion.
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10.15am | Morning refreshments and networking
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| Opportunities of Shariah compliant products in Africa |
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11am | Takafol: innovation and solution
- New growth and global market opportunities for Takafol
- Assessing recent development in the global Takafol landscape
- Evolution and development of bancatakaful
- Challenges to integrate Takaful within conventional banks
Uwaiz Jassat, Takafol SA
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11.30am | Case study: Constitution of Modaraba Companies and Modarabas
- What is the “Prospectus of Modaraba”?
- Powers of regulators i.e. “Registrar of Modaraba” and role of Religious Board
- Benefit for “Mudarib and Rabb-ul-Mal”
- Variety of businesses being practices under Modaraba Entity
- Performance of Modaraba sector as entity in Pakistan
Mohammed Shoaib, Managing Director and CEO
First Habib Modaraba-Pakistan, Pakistan
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12pm | Networking lunch and prayer
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1.15pm | Awqaf – the hidden potential for investors
- What is Awqaf?
- Brief historical background
- Awqaf investments in South Africa and the world
Zeinoul Abedien Cajee, CEO
National Awqaf Foundation of South Africa
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| Effective asset allocation |
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1.45pm | Tapping into the global growth of ETF investments
- ETFs: developed country phenomenon or for all investors? Why no ETFs in GCC/MENA?
- ETFs vs. Index Funds: fundamental differences
- Islamic ETFs vs. Conventional ETFs: fundamental differences
- Islamic ETFs – threat to Islamic funds?
- Islamic ETFs for addressing short-term Islamic needs, equitising cash, core-satellite strategy, etc.
Dr Vladimir Nedeljkovic, Associate Principal ETFs and Index Products, ABSA Capital, South Africa
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2.15pm | Using Sharia complaint swaps and hedging to mitigate risk in Sharia compliant investments
- Type of conventional derivatives and their position under Sharia.
- Sharia basis of permissibility of the instruments.
- Risk management through Sharia complaint derivatives (Evaluating various Sharia structures for swaps and hedging)
- Challenges and issues in structuring Sharia compliant hedging
Mian Muhammad Nazir, Vice President and Head of Legal at SCD-DIB, Dubai Islamic Bank, United Arab Emirates
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2.45pm | Skills Building in the rapidly changing environment
- Enhancing and products and their development through skills building
- Professional qualifications and membership for Islamic Finance Practitioners
- Academic approaches to skills building
- Consumer education : broadening the target market
Ziyaad Muhammed, Founder and CEO, IFISA
Saadaat Yaqub Bajwa, Head Debt Capital Markets, Noor Islamic Bank PJSC
Khairul Nizam, Assistant Secretary General, AAOIFI
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3.15pm | Afternoon refreshments and networking
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4pm | The new growth area: Islamic private equity
- Importance of PE asset class to Islamic finance-diversification and modern day musharika?
- Key trends and growth dynamics to Islamic PE funds
- Structuring Shariah compliant funds to attract Islamic investors
- Opportunity for conventional PE funds
- Can Islamic finance pioneer a ‘new’ form of private equity transaction?
Dr Hussein A. Hassan, Head of Islamic Finance
Deutsche Bank, United Arab Emirates
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| Market movements and regulatory developments governing Islamic finance |
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4.30pm | Panel session: Defining the role of a central bank in working with Islamic financial institutions
- Co-operation between conventional and Islamic institutions: working together for common opportunities
- Approaches to include Islamic financial products in a conventional institutional vehicle
- Outlook for growth of global Shariah compliant market
Dr Hussein A. Hassan, Head of Islamic Finance
Deutsche Bank, United Arab Emirates
Mian Muhammad Nazir, Vice President and Head of Legal at SCD-DIB, Dubai Islamic Bank, United Arab Emirates
Dr Muhammed Qaseem, Country Head of Shariah
Dubai Islamic Bank, Pakistan
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5.15pm | End of conference
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Workshop I, Monday 8 June 2009
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| Pre-conference workshop |
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| Understanding and development of Shariah compliant structured products |
Objectives:
Review the six basic principles which provide the
foundation to structure a Shariah compliant product. Further discuss how Shariah complaint products are
structured for different applications with the assistance of case studies.
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8.30am | Registration and refreshments
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9am | Syndicated Murabaha financing
- How a banking customer can use Syndicated Murabaha financing as a substitute to conventional banking syndicated working capital loan facility
- How is profit charged and distributed among members of Syndicated Murabaha financing?
- Case studies
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10.30am | Morning refreshments and networking
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11am | Ijarah
- Ijarah as Shariah compliant mode to extend long-term Syndicated financing
- How profit is charged and distributed among members of Syndicated Ijarah financing?
- Case studies
- Introduction to combination of Istisna and
- Ijarah as Shariah compliant modes
- Case studies
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12.30pm | Networking lunch and prayer
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2pm | Shariah compliant syndicated capital project financing and diminishing Musharakah
- How profit is charged and distributed among members of Shariah compliant syndicated capital project financing
- Introduction to Diminishing Musharakah
- Case studies
- How profit is charged and distributed among members of Shariah compliant Syndicated commercial projects financing and Syndicated Financing for the construction of factory building
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3pm | Afternoon refreshments and networking
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3.30pm | Sukuk as Shariah compliant mode
- Introduction to Sukuk
- Case studies to issue Sukuk
- How profit is charged and distributed among Sukuk holders
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5pm | End of workshop
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Workshop II, Thursday 11 June 2009
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| Post-conference masterclass |
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| Islamic finance, economics and project finance |
Objectives:
This in-depth workshop will provide participants with
insight into the area of Islamic economics and project
financing. The participants will be taken through the
Shariah standards, principles, and procedures.
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8.30am | Registration and refreshments
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9am | Islamic economics vs. conventional economic ideology
- Relevant aspects in Islamic finance
- Project appraisal techniques
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10.30am | Morning refreshments and networking
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11am | Factors affecting demand for project and infrastructure in Asia, Middle East and Africa – Shariah issues in project finance
- Prohibition of interest
- Gharar, Jahalah & Maysir (gambling)
- Islamic project financing techniques
- Performance guarantees
- Penalty fees on default of payment
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12.30pm | Networking lunch and prayer
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2pm | Shariah compatible contracts for project and
infrastructure financing
- Islamic commercial ethics and legal maxims
- Islamic law of contract
- Debt-creating vs. debt-based finance
- Debt-creating Shariah contracts
- Sharing contracts
- Lease-based contracts
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3pm | Afternoon refreshments and networking
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3.30pm | Case study
- KFH syndicated Murabaha to buy shares
- Hub Power Project – Pakistan – BOT Ijara
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5pm | End of workshop
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