IFN Africa and Egypt Forum: Developments in Egypt’s evolving economic landscape and opportunities in key African Markets
  • IN ASSOCIATION WITH

Date: 8th December 2014 Venue: Four Seasons Hotel Cairo at Nile Plaza

Sponsors & Partners

MULTILATERAL STRATEGIC PARTNER

The Islamic Corporation for the Development of the Private Sector (ICD)

Website: www.icd-ps.org

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.

The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.

The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).

ICD mandate and objectives

The ICD fosters sustainable economic growth in its 53 member countries by:

  • Financing private sector investment
  • Mobilizing capital in the international financial markets, and
  • Providing advisory services to business and governments. 

The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.

The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.

FOR MORE INFORMATION

Tel: (966-12) 6361400; (966-12) 6441644

Fax: (966-12) 644 4427

Email: icd@isdb.org

Website: www.icd-ps.org

ASSOCIATE PARTNERS

Islamic Banking Intelligence

Website: islamicbankingintelligence.com

Khalij Islamic

Website: www.khalijislamic.com/

Khalij Islamic (KI), established in 2008, is an Islamic finance investment and advisory boutique with a presence in the UK, the UAE and Bahrain. Khalij Islamic (UK) is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.

KI offers strategic consulting, and specialized expertise for developing, structuring, sourcing and placing bespoke Shariah compliant financial products focusing on ‘true asset’ investment products as well as Islamic liquidity and risk management solutions.

KI, adds value by providing a broad range of professional and reliable world class end to end Shariah services by harnessing the skills and collective intellectual capabilities of a seasoned management team that boasts over 100 years of collective investment banking and consulting experience, together with the connectivity with highly respected world-renowned Shariah scholars and affiliation and collaboration with influential industry bodies in the Islamic finance space.

KI focuses on bringing new asset classes and high quality Islamic investment products to Islamic investors. This not only gives Islamic investors increased opportunities to invest in high quality investment products but also helps them to diversify their portfolios from the traditional asset classes.

EXECUTIVE PARTNERS

Abu Dhabi Islamic Bank

Website: www.adib.eg

Today Abu Dhabi Islamic Bank (ADIB) Egypt is among the largest Islamic financial institutions in Egypt and is marching steadly towards its vision to become the top tier Islamic bank in Egypt. ADIB Egypt employs a dynamic team of over 2,000 experts providing a vast array of banking and financial services, including a growing portfolio of Shariah compliant products, through a nationwide network of 70 branches, across 19 governorates.

Upon the aquistion of National Bank For Development by (ADIB) in 2007, the management undertook a five-year restructuring plan that covered all aspects of the business. The paid-up capital increased almost seven-fold from EGP281 million in 2007 to EGP2 billion by the end of 2010.

2013 witnessed a new milestone in the bank’s history with the name change to ’Abu Dhabi Islamic Bank - Egypt’. This reflects the success of the five-year restrucuting plan that encompassed huge investments in branches, products, services and infrastructure, and our staff.

As a result of these resiliant efforts, the bank gained global recognition with number of awards and honors including ’Best Islamic Bank in Egypt’ for four consecutive years and for the first time in 2013 ’Best Mudarabah Deal of the Year’ by IFN.

DLA Piper

Website: https://www.dlapiper.com

DLA Piper is a leading global, business law firm. We provide legal services to clients across key industry sectors including banking and financial services, real estate and construction, technology and healthcare. We understand the global importance and impact of Islamic financial services, and remain committed to supporting our clients wherever they do business. Our international reach and integration means that DLA Piper can handle Islamic finance matters originating in all of the major financial centers. Our lawyers have significant experience in acting for Islamic and conventional clients involved in the Islamic finance industry (including financial institutions, corporates, funds, market regulators and other government entities). For further information please visit www.dlapiper.com.

Eiger

Website: https://www.eigertrading.com

Eiger Trading Advisors (Eiger) is a UK-based asset-trading and technology company founded in 2008, which specializes as an intermediary in Islamic financial products.

As a leading intermediary and technology provider within the commodity Murabahah space, Eiger has the unique capabilities to deliver Shariah compliant commodity trading solutions through the Eiger Trading Platform (ETP), a web-based trading system, that we tailor to our bank clients’ exact operational requirements.

The ETP automates the structuring and execution of Islamic banking products for wholesale and retail commodity-backed transactions, including two new enhanced modules:

  • ETP Retail - A 24/7 STP platform designed to automate the end-to-end commodity Murabahah transactions underpinning retail banking products such as deposits, loans, CASA, credit cards
  • ETP Client Reach – A bespoke middle and back office module designed to streamline Islamic treasury and derivative transactions, including execution and documentation with our clients’ clients.

Eiger is authorized and regulated by the UK’s Financial Conduct Authority, and is both a member of the London Metal Exchange and an associate of the London Platinum and Palladium Market.

Emirates NBD Group

Website: www.emiratesnbd.com/en/

Emirates NBD Group

Emirates NBD is a leading banking group in the region. As at the 31st December 2016, total assets were AED448 billion (equivalent to approximately US$121.94 billion). The group has a leading retail banking franchise in the UAE with more than 219 branches and over 1,012 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, global markets and treasury, investment banking, private banking, asset management and brokerage operations.

The group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the UK and representative offices in India, China and Indonesia.

The group is an active participant and supporter of the UAE’s main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.

Emirates NBD Capital

Emirates NBD Capital (EmCap) is the investment banking subsidiary of the Emirates NBD Group, licensed to operate in the Dubai International Financial Center. EmCap comprises an experienced team of professionals combining an international perspective with in-depth regional knowledge spanning debt capital markets (DCM), syndicated/club loans, financial advisory, equity capital markets and project finance. The DCM franchise of Emirates NBD is a leading bond and Sukuk house globally and has helped issuers raise approximately US$60 billion in capital market issuances since 2013. The product suite includes Sukuk (rated and unrated), conventional bonds, subordinated structures and private placement transactions.

FWU Group

Website: www.fwugroup.com/cms/index.php?id=home&L=1

FWU Group is an international financial services group, active in bancassurance, asset management and life insurance. FWU is recognized for international leadership and expertise in Shariah compliant investments and insurance (Takaful). FWU specializes in white-label Family Takaful investment-linked plans; partnering with local Takaful operators, to offer customized innovative solutions ‐ encompassing savings, education, marriage and retirement plans.

FWU is a leading global service provider for Family Takaful in Saudi Arabia, the UAE, Oman, Pakistan and Malaysia. Recently, FWU extended its presence into Indonesia, partnering with Sinarmas MSIG Life.

FWU has successfully pioneered new Sukuk structures, under the brand name SALAM, raising financing for its fast growing business activities in several growth markets. FWU’s recent US$100 million SALAM-III Sukuk (investment grade rating, Fitch) has closed its first two tranches, totalling US$60 million, with a profit-rate of 7% per annum.

FWU has won multiple international Sukuk and Takaful awards in recognition of market accomplishments and global expertise in Takaful.

Hegazy & Associates

Website: www.hegazylaw.com/

Hegazy & Associates in association with Crowell & Moring (the “Firm”) is internationally recognized as one of the leading firms in the field of Islamic finance and its team has advised a large number of Islamic financial institutions and clients in connection with high profile transactions in the MENA region.

Dr Walid Hegazy is one of the founders and the Secretary General of the Egyptian Islamic Finance Association, an active Islamic finance think tank that includes as its members some of the leading experts in the field.

The Firm also provides a broad range of legal services to meet the needs of a diverse Egyptian, regional and international client base including multinational and domestic corporations, government authorities, banks and financial institutions. We have international and regional experience that enables the firm to provide consistent high quality advice to multinationals with a strong presence in the region.

IdealRatings

Website: www.idealratings.com/

IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:

  • Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio. 
  • REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines. 
  • Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry. 
  • Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and 
  • Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.

 

 

LANYARDS SPONSOR

World Vest Base

Website: www.wvb.com

World Vest Base provides a broad range of informational products directed at institutional investors, universities, bankers, analysts, tax and audit practitioners, government agencies and asset managers, M&A, private capital, equity and fixed income markets.

The company’s latest offering includes the WVB Shariah Compliance Ratings which is a relational database of financial, statistical and market information on active and inactive global companies.

The database covers 153 countries with over 44,600 active listed companies and 30,000 inactive companies. This covers approximately 99% of all listed companies and a global market capitalization of almost 100%.

WVB data is based on the country of incorporation. It describes a company as a legal entity, not individual issues or listings and offers complete documents with indexed financial transparency to the data.

For more information, visit www.wvb.com

LEAD MEDIA PARTNER

Islamic Finance news

Website: www.islamicfinancenews.com

Islamic Finance news is the industry's leading, capital markets focused, e-newsletter bringing you unrivalled editorial coverage every week on the global Islamic financial market.

This weekly newsletter provides insightful and intelligent editorial coverage from around the world helping you keep ahead. In addition to a comprehensive weekly review of all the stories from around the globe, interviews, forums, market statistics and data, key industry practitioners contribute via non-biased, educational and up-to-date country and sector reports, giving you a firsthand knowledge and understanding of the Islamic finance markets and instruments from an experts' point of view.

For a trial subscription, please contact +603 2162 7800 or email subs@IslamicFinancenews.com

STRATEGIC MEDIA PARTNERS

Business Islamica

Website: businessislamica.com/

Launched in November 2006, Business Islamica is the first monthly magazine of its kind in the UAE, specifically covering all aspects of Islamic business and finance, both regionally and internationally.

The magazine’s objective is to spearhead awareness initiatives, heighten knowledge of its core principles and practices, as well as to feature the latest developments in this industry.

Our editorial covers interviews with key industry leaders, case studies, and includes features on a wide range of topics such as; Islamic Banking, Wealth Management, Takaful (Islamic Insurance), Islamic Retail Finance, Marketing and Branding of Shari’ah-Compliant products, Regulatory Issues, Islamic Business Challenges and Risk Management.

Capital Business

Website: www.capitalbusiness.me

Capital Business Magazine is a B2B English monthly publication focusing on business best practices and is a publication accredited by the Dubai International Financial Centre (DIFC). It enjoys a sizable footprint in the Middle East on the strength of feature articles contributed by certified financial and business experts, as well as coverage of a broad spectrum of topics including banking, IT, oil & gas, real estate and construction, human capital, risk management, corporate finance and cash management, corporate governance, investments, IPOs, tools of trade and more.

OFFICIAL BUSINESS NEWSPAPER

Al Borsa Newspaper

Website: www.alborsanews.com

Alborsa is an Egypt-based daily newspaper that aims to present a diversified media coverage for local and regional economic and financial activities. The coverage would reach out to all interested parties including “Business men, Stock market investors, Policy makers, Researchers and Bankers”

OFFICIAL LOCAL ENGLISH NEWSPAPER

Daily News Egypt

Website: www.dailynewsegypt.com/

OFFICIAL ARABIC NEWSPAPER

Al Mal News

Website: www.almalnews.com

MEDIA PARTNERS

The Association of the Luxembourg Fund Industry

Website: www.alfi.lu

Blassys

Website: www.blassys.com/

Eyes of Riyadh

Website: www.eyeofriyadh.com

Financial Bridges

Website: www.financialplaces.com/

Hedge Connection

Website: www.hedgeconnection.com

Oxford Business Group

Website: www.oxfordbusinessgroup.com/

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Asia, the Middle East, Africa and Latin America.

OBG offers a comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.

The group’s acclaimed economic and business reports are the leading source of local and regional intelligence, while its online economic briefings provide an up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.

Inovatif Media Asia

Website: www.inovatifmedia.asia

The Business Year

Website: www.thebusinessyear.com/

The Business Year (TBY) is a global media group specializing in economic news, research on national economies, and business intelligence across emerging markets. With operations in over 35 countries, we bring first-hand insights to investors, businesses, and governments worldwide.

Voices of Leaders

Website: voicesofleaders.com

Voices of Leaders (VL) is a global business network for top executives and companies to Meet, Share and Grow locally, regionally and internationally.

The data-driven business profiles allow you to Meet top executives across a wide variety of industries, sectors and countries. Share your business needs among members looking for specific business opportunities and Grow your business network at a local and international level, while increasing the possibility of creating synergies, and finding partners and investors.

VL is committed to giving leaders from around the world a voice and in response to the demands of the digital age, VL produces interactive ebooks on the countries visited and the networking events it covers.

WORLD CSR DAY

Website: www.worldcsrday.com

The WORLD CSR DAY is guided by Leaders.... Leaders who believe in the value of Sustainable CSR; that which is built in the fabric of business - making it a reality. Leaders produce Leaders will be a common thread uniting nations and people who take CSR more responsibly. They also believe that CSR is a tool to the Development of the Future. Leaders, Professionals, CSR Practitioners, CEOs, Sustainability Experts and Media honchos in different parts of the world will help in spreading the message of World CSR Day. Let’s Unite the World with the Spirit & Energy for conscious CSR. (www.worldcsrday.com)