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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…
Islamic Social Finance: Offering Relief, Creating Opportunities and Improving Lives
What is social finance, why is it important and how can Islamic financial institutions play a significant role in its growth and development? In a post-pandemic world, what does social finance offer in terms of relief and renewal, and what real-life examples are there of this in practice? How can social Sukuk be used to support enterprise, entrepreneurship, home ownership and job creation, as well as healthcare and education? What has worked towards these goals in other countries and what can be learnt from these achievements? How can Islamic social finance be deployed to assist with liquidity and funding for the vital SME sector? Can Islamic social finance play a role in the evermore consequential issue of food security, simultaneously…
Keynote Address
Ahmed Ali Al Maamari, Executive Vice-President, Capital Market Authority, Sultanate of Oman
Keynote Panel Session: What is Europe’s Islamic Investment Strategy?
With increased regulatory efforts in major European financial markets, growing interest from Eastern Europe and the CIS region and a heightened awareness of socially responsible investing across the continent, what will Europe’s Islamic finance landscape look like in the coming year? Which markets are likely to lead and which sectors will flourish? How can regulatory optimism be converted into actual market activity? What can be done to attract conventional issuers and fund managers to Europe’s Islamic finance offerings Discussing recent and anticipated Islamic capital market transactions in Europe How global investment trends will shape Europe’s Islamic funds and asset management industry Filling the gap in conventional finance with Shariah compliant cross border trade finance products Outlook for project finance opportunities…
Waqf – Uses and Applications
What is Waqf? How are Waqf typically structured, and what are the main variations? What are the challenges that Waqf face in making investments and accessing the financial markets? What solutions might be available? Moderator: Shibeer Ahmed, Partner, Winston & Strawn Panelists: Farmida Bi, Chair, Europe, Middle East and Asia, Norton Rose Fulbright Hisham Daftedar, Senior Advisor, International Islamic Institute of Waqf Sami Salman, Managing Director, International Islamic Institute of Waqf
Back-to-Basics: Opportunities for Participation Finance to Flourish in Turkey
The world has changed. How our industry - participation banking, finance and investment - chooses to respond to these changes may be a generation-defining moment. How can participation finance mobilize to address the imminent challenges of the real economy and provide not just liquidity support, but solvency support to the vital Turkish SME and corporate sector? Can participation finance in Turkey and the region use this opportunity to become truly responsible, inclusive and ethical, while at the same time contributing to the country’s growth and development? How can we as an industry ensure this is substance over form on a permanent basis? What opportunities do the UN Principles for Responsible Banking offer participation financial institutions in Turkey? How can the…
Keynote Address
Economic Secretary to the Treasury and City Minister, John Glen MP
Digital Assets, Digitalization and the Evolution of Islamic Financial Services
The digitalization of Islamic financial services: what is working, what is viable and what is not? What do the answers to these questions mean for the evolution of Islamic financial services in Saudi Arabia? Does digitalization allow us to better address issues such as product authenticity and the minimization of uncertainty? Is the success of neobanks inevitable, and how will they change the market? How will the development, provision and distribution of digital Islamic financial services evolve in the near term? The importance of recent initiatives by Saudi Arabian regulators in creating an environment for the enhancement of the domestic financial services sector’s digital infrastructure. The likely effects of bank mergers on the digitization of Islamic financial services in Saudi…
Doing the Right Thing: Successfully Positioning Islamic ESG and Sustainable Finance and Investment in Indonesia
Why is a united regulatory response to climate risk so important for the financial services industry, and how do we evaluate initiatives that encourage investors to channel capital into sustainable economic activity, and guide government and quasi-government resource allocation towards climate transition and social responsibility? How do we address the implications of various taxonomies, frameworks and standards, and identify what can now be labelled green investments? How can potential green bond and Sukuk issuers successfully connect issues to internal sustainability frameworks? With ESG and sustainability continuing to grow in the Islamic capital markets issuance, when will we see the measurement of impact? Are sufficient issuers engaging with independent, third parties to measure green, sustainable and social credentials? Finally, can we…
Positioning Malaysia as a Leader in Ethical and Shariah Compliant Asset and Investment Management
Does Malaysia still enjoy a competitive advantage in the facilitation of ethically and socially responsible investment management? What strategic steps should be taken to grow Shariah compliant assets under management domestically? How do we assess the growing influence and potential offered by Waqf-featured funds such as REITs and ETFs? What is the continuing role of technology in the development of Shariah compliant investment management solutions, and is the sector successfully democratizing access for retail investors? How do systematic tilts in portfolio allocation from Shariah screening affect how ESG integration is approached, and how significant are initiatives such as the S&P ESG Shariah Indices? Lastly, how do fund and asset managers ensure effective liquidity risk management processes, and do managers require…
Keynote Address
Professor Dr John Hewson – Board Member, IBA Group (former Opposition Leader of Australia)