In 2014, we will launch our inaugural global Islamic financial based forum. This follows HH Sheikh Mohammed Bin Rashid Al Maktoum’s vision to position Dubai as a main player in a bid to create a world-class Islamic economy and REDmoney’s exclusive agreement with the Dubai Economic Council and the Dubai Government to collaborate on strategic projects that will not only support Dubai Government initiatives but will also boost the economy and sustainable economic development in Dubai and the UAE and to facilitate the implementation of the Dubai Government’s agenda on the ‘Islamic economy” issue.
This two-day, practitioner-based, event will be co-organized with the Dubai Economic Council, Dubai Government and other key regulators. All facets of the global Islamic financial markets will be featured either in the main forum hall or parallel sessions. The IFN Working Committee format will play a key role at this event, highlighting the necessity to develop the global Islamic financial industry. The forum is expected to attract the world’s leading practitioners. Dubai is also the strategic location to all key markets of Europe, Asia, Africa and the Middle East. The annual IFN Global Forum is expected to be the largest event of the year, boasting industry players from established and up-and-coming markets across the world and bringing together the best and brightest in the industry to discuss key issues on a global platform.
Presentations & Speeches
08:00 - 09:00
09:00 - 09:05
09:05 - 09:20
Abdulla Mohammed Al Awar - Chief Executive Officer, Dubai Islamic Economy Development Centre
09:20 - 09:35
Opening Keynote Address
Professor Datuk Dr Rifaat Ahmed Abdel Karim - Chief Executive Officer, International Islamic Liquidity Management Corporation
09:35 - 10:30
The Global Islamic Finance Market: A Five Year Strategy
Global Islamic finance thought leaders share their vision of what the Islamic finance landscape will look like in the next 5 years. Which markets are likely to lead and which sectors will flourish. What challenges lie ahead and what needs to happen now to achieve this vision? What can investors expect from the Islamic investment environment in the next five years. Are forays into emerging markets worth the risk and how should these be assessed?
10:30 - 11:00
Coffee & Networking
11:00 - 11:45
The Dubai Roundtable
As Dubai makes great strides in becoming the capital of a world class Islamic economy, its various regulatory bodies have embarked on specific missions to ensure its success. What opportunities will this create for the global Islamic finance industry? What sector-specific development can be expected and what role will Dubai play in facilitating this? What synergies exist between the various Islamic economies and how can the industry be strengthened? This crucial roundtable session will explore the immense prospects and challenges that lie ahead in achieving this vision.
11:45 - 12:00
Keynote Presentation: Banking Regulations in Iran: Experiences and Challenges
Hamid Tehranfar - Vice Governor, Central Bank of the Islamic Republic of Iran
12:00 - 12:20
Transaction Roundtable: Al Hilal Bank US$ 500 million Tier 1 Sukuk
12:20 - 12:35
ICD’s Initiatives in Advancing Islamic Finance in Africa
This presentation will review Islamic investment destinations across Africa and outline ICD’s current initiatives and future plans in developing this highly promising market.
12:35 - 13:45
13:45 - 14:45
Global Real Estate Roundtable
Real estate projects currently underway in the GCC have been estimated to exceed US$1 trillion with Gulf nations accounting for approximately 87% of the investments. Investors in the Middle East are expected to spend a further US$180 billion in commercial real estate markets outside the Middle East over the next 10 years. As real estate continues to be a key driver for economies in the Middle East, Europe and other parts of the world, what trends are expected to unfold in Shariah compliant financing to capitalize on and support this growth?
14:45 - 15:00
Introduction of Islamic Banking Intelligence: The First Comprehensive Global Islamic Banking Database and Analytical Business Intelligence Dashboard
15:00 - 15:20
Transaction Roundtable: Financing Major Infrastructure Projects in Turkey: The Istanbul International Financial Centre Project Sukuk – Aktif Bank Sukuk Varlýk Kiralama TL 100,000,000 Lease Certificates
The prestigious Istanbul Financial Centre developed by Agaoglu, one of Turkey’s largest construction firms, has attracted the attention of Islamic real estate investors worldwide. The issuer and arranger will discuss key features and success factors of this landmark transaction.
15:20 - 16:20
Future Trends in Sukuk and Islamic Project and Infrastructure Finance
The call for innovation in Sukuk and the need for diverse asset classes and structures has been consistently echoed by industry players. Lack of market depth and breadth and an over-reliance on replicating the conventional is often blamed for this lack of innovation. But is there truly customer demand for innovative products?
16:20 - 16:50
Coffee and Networking
End of Day One
08:00 - 09:00
09:00 - 09:45
Global Islamic Investors Roundtable
The IFN Investors Roundtable will examine key trends and products in the global Islamic investment landscape with experts sharing their views on return on investment in specific sectors and regions and evaluating the risk environment for Islamic investment products.
09:45 - 10:10
Transaction Roundtable: Emirates Airline US$1 billion Sukuk
10:10 - 11:00
A Global View of Sukuk and the Islamic Capital Markets
This session will provide the current state of play for rapidly growing Islamic finance markets across the globe. In each of these markets specific landmark transactions will be discussed as speakers provide an in depth view of where the market is headed and how it will be impacted by market conditions, regulatory advancements and issues relating to Shariah compliance.
11:00 - 11:30
Coffee and Networking
11:30 - 12:15
Market Review – Middle East
The Middle East is one of the pillars of the global Islamic finance industry with a combination of deep and mature markets as well as emerging opportunities in new markets. This market review will provide a comprehensive analysis of key markets, investment opportunities and the performance of key asset classes within these markets
12:15 - 12:35
Transaction Roundtable: Kuveyt Turk US$500 million Senior Unsecured Certificates
12:35 - 12:50
Presentation: What Initiatives Exist to Develop Talent and Human Capital in the Islamic Finance Services
Dr Eddy Chong Siong Choy - Director, Finance Accreditation Agency, Malaysia
12:50 - 14:00
14:00 - 15:00
Attracting Cross Border Investments
As Islamic finance continues to proliferate both the Muslim and non-Muslim worlds it is becoming clear that certain funds and asset classes appeal to specific investors in specific markets. What are high net worth and institutional investors in Asia, the GCC and Europe seeking and are these trends likely to change in the coming years? As the market continues to expand, what products will appeal to African and American investors?
15:00 - 16:00
Building a Truly Global Islamic Investment Industry: Regulations, Distribution and Liquidity Management
For the Islamic investment industry to realize its goal of operating on a global platform, regulations, standards and a cohesive legal infrastructure are crucial. This session will address the current state of play of the Shariah compliant funds and asset management industry, impact of recent changes and what future regulations are needed to advance the industry.
16:00 - 16:30
Coffee and Networking
End of Conference