Yearly Archives: 2021
IFN Morocco OnAir Forum 2021
System Restart: Islamic Finance in Morocco What does the Moroccan Islamic finance landscape, including Takaful, look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Morocco? Do Moroccan Islamic banks face liquidity challenges and what funding alternatives are available for these institutions? What role is Islamic finance set to play in the recovery of the Moroccan economy and what is the mandate of the Central Guarantee Fund? Can Islamic finance, including Sukuk, be further deployed to fund the Moroccan SME, corporate and government-linked sectors, as well as…
The Islamic Economy: Improving Livelihoods and Creating Prosperity
With Southeast Asian nations looking to kickstart economic recovery through commercial activity and stimulus, it is time for the Islamic economy, and all its components, to show its true mettle. Have we truly grasped the importance of the Halal economy to the prosperity of regional economies, as well as to the continued growth of Islamic financial institutions? What role will Southeast Asian Islamic financial institutions play in meeting the challenges of the real economy through mobilizing the funding and liquidity support necessary to stimulate the vital SME and corporate sector? Through socially impactful strategies, how can Islamic financial institutions inspire and support entrepreneurship, thereby creating jobs and improving livelihoods? How can successful initiatives such as Values-Based Intermediation (VBI) be harmonised…
IFN Pakistan OnAir Forum 2021
Keynote Address Ghulam Muhammad Abbasi Director Islamic Banking Department, State Bank of Pakistan New Opportunities for Islamic Finance in Pakistan What does the new Strategic Plan for Islamic Banking Industry mean for the Pakistani Islamic finance services industry and are growth targets for the sector realistic? What does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Pakistan? How can regulatory, taxation, Shariah governance and legal frameworks be fine-tuned? Are current liquidity management tools for Islamic banks sufficient? How can Islamic financial institutions play a more meaningful role funding the Pakistani SME, corporate…
Green, Transition and Sustainability-Linked Finance, Sukuk and Investment Funds in Oman
What steps has Oman taken toward the development of ESG investing and what does the Sultanate offer potential issuers of green bonds and Sukuk, blue bonds and other products related to transition and sustainability? Alongside ‘Transition to Net Zero’ and decarbonisation targets, what is realistically achievable and what does net zero mean for important domestic sectors such as aviation, oil and gas and other asset-based industries? How are Shariah compliant banking, capital market and investment products playing a role in this important shift? What incentives will encourage Oman’s private sector’s involvement in sustainable projects? How can the financing of Shariah compliant assets in Oman continue to contribute to the achievement of the UN SDGs and toward the Paris Accord? We…
IFN Singapore OnAir Forum 2021
Land of Opportunity: Shariah Compliant Finance and Asset Management in Singapore What does the Singaporean Islamic finance and asset management ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Singapore? How does Singapore further leverage on its status to become a regional and global center for Shariah compliant asset and investment management? Can Islamic finance be further deployed to fund the Singaporean SME, corporate and government-linked sector? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in Singapore, and if not, what more can be done to…
Keynote Address Muhamad Umar Swift, CEO, Bursa Malaysia
Keynote Address Muhamad Umar Swift, CEO, Bursa Malaysia
Welcome Address
The Right Honourable The Lord Mayor of the City of London, William Russell
Issues facing Islamic Banks and Islamic Financing in Oman
We address two current, important operational issues influencing Islamic financial institutions and financial products in Oman. Firstly, we examine the enforceability of Islamic finance contracts in the Sultanate and assess mechanisms for dispute resolution, the role of the courts and arbitral tribunals. We ask if Islamic finance contracts are recognized in their own right, whether they are differentiated from conventional products, how regulatory bodies have responded to registration of security charges in Islamic finance contracts, and what precedents have been established in cases of default. Secondly, with the global transition to risk-free rates, what are the implications for Islamic financial products in Oman and the Gulf region? We seek the views of an expert panel. Moderator: Asad Qayyum, Managing Partner,…
IFN Turkey OnAir Forum 2021
Keynote Address: Tarik Akin, Head, Participation Finance Department, Finance Office of the Presidency of the Republic of Turkey System Restart: Participation Finance in Turkey What does the Turkish participation finance landscape, including Takaful, look like in 2021 and what does the domestic participation finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for participation finance in Turkey? What role is participation finance set to play in the recovery of the Turkish economy and what is the mandate of the Central Advisory Board of Turkey? Can participation finance, including Sukuk, be further deployed to fund the Turkish SME, corporate and government-linked…
Operational Issues Facing Islamic Financial Institutions in Southeast Asia
Through a respected panel we address two current, important operational issues affecting Islamic financial institutions and financial products. Firstly, we discuss reform of global benchmarks, the transition to risk-free rates and the implications for Islamic financial products. Secondly, we examine the development of liquidity management tools, including repurchase agreements and their Shariah compliant equivalents, and how they offer value to regional Islamic financial institutions. Moderator: Prof Dr Obiyathullah Ismath Bacha, International Centre for Education in Islamic Finance (INCEIF) Panelists: Angus Salim Amran, Group Treasurer, RHB Banking Group Elias Moubarak, Partner, Trowers & Hamlins Dr Mohamad Zabidi Ahmad, Senior Strategic Advisor, DDCAP Professor Dr Nurdianawati Irwani Abdullah, Department of Finance, Kuliyyah of Economics and Management Sciences (KENMS), International Islamic University Malaysia…
Keynote Address
Economic Secretary to the Treasury and City Minister, John Glen MP
Disrupting and Enabling: Islamic Fintech and Crowdfunding Platforms in Oman
With Oman witnessing notable developments in the areas of equity crowdfunding and peer-to-peer lending, what’s next in the evolution of these exciting activities? How do ECF and P2P work in practice, what platforms are they built on and how might they help address and reduce funding gaps in the Omani economy, particularly in the SME sector? What role do the CMA and CBO sandboxes play in the conception and development of new Shariah compliant capital market, insurance and banking products in Oman, and what is their place in the fintech ecosystem? Through this ecosystem, will we witness the successful development positioning of appealing Islamic digital retail, wealth management, Takaful and pension offerings in Oman? Moderator: Zaineb Sefiani, Founder, Carrera Learning…