Date: 26th September 2016 Venue: Pearl Continental, Lahore

The Islamic banking industry in Pakistan has progressed considerably since its introduction to the South Asian nation, with its share reaching almost 12% of the overall banking industry in terms of its asset size. The branch network of Islamic banking is continuously expanding throughout the country at a rapid pace, and the strong demand for Shariah compliant banking products is reflective of the State Bank of Pakistan(SBP)’s goal of having a 20% market share by 2020.

The SBP and the Securities and Exchange Commission of Pakistan have played key roles in driving the growth of Islamic finance in the country by creating a facilitative environment. As a result, both the regulators’ initiatives over the years have led to the stability and resilience of the Islamic finance industry, making it a worthy consideration to the conventional finance and banking activities among investors and banking consumers.

With its population slowly but surely becoming aware of the competitive depth of Islamic finance, Pakistan remains a vital market in the eyes of investors in the growing industry.

 

Agenda

09:00 - 09:10
Welcome Remarks & Introduction of Motion
 
09:10 - 09:45
Keynote Address
Saeed Ahmad
— Deputy Governor, State Bank of Pakistan
Zafar Hijazi 
— Chairman, Securities and Exchange Commission of Pakistan

Dr Syed Sohail Hussain Naqvi — Vice Chancellor, Lahore University of Management Sciences
 
09:45 - 10:30
Opportunities in Pakistan’s Islamic Banking Industry
  • Outlook for the establishment of Islamic banks, conversion of conventional business and opening of windows
  • How will Pakistan’s Islamic banking institutions achieve critical mass and ensure profitability?
  • Can the industry remain competitive without compromising its credibility?
  • Impact of the National Financial Inclusion Policy in promoting growth of Islamic banking in Pakistan
  • Are current regulations encouraging or suppressing growth?
Moderator: Afaq Khan — Global Islamic Banker
Panelists: Ali Muhammad Mahoon — President and CEO, MCB Islamic Bank
Hasan Bilgrami 
— President and CEO, BankIslami Pakistan
Dr Muhammad Imran Ashraf Usmani — Executive Member Shariah Supervisory Board and Resident Shariah Board Member, Meezan Bank 

Syed Samar Hasnain — Executive Director, (Developmental Finance Group)-State Bank of Pakistan 
Usman Ahmed — CEO, Citi Islamic Investment Bank and Citibank N.A. Bahrain
 
10:30 - 10:40
FAA Certificate Presentation
 
10:40 - 11:10
Coffee & Networking
 
11:10 - 11:55
Project & Infrastructure Finance & Public Private Partnerships (PPP):
Investment Outlook and Mega Projects on the Rise
  • Experiences in key markets – Saudi Arabia, Malaysia and the GCC
  • Opportunities for Pakistan
Moderator: Yavar Moini — Head, Islamic Solutions, Merchant Banking Group, Bank Alfalah
Panelists: Abbas Husain Managing Director and Head, Project and Export Finance, Middle East, North Africa and Pakistan, Standard Chartered Bank, the UAE
Mufti Irshad Ahmad Aijaz — Chairman, Shariah Supervisory Board, BankIslami Pakistan
Muhammad Ali Malik — Executive Director(Financial Markets and Reserve Management), State Bank of Pakistan
Qasim Aslam — Partner, Dentons, the UAE
 
11:55 - 12:45
Developing Islamic Capital and Takaful Market
  • Creating innovation in the Islamic capital market: New and current products
  • What new trends are likely to develop in Shariah compliant capital raising ; impact of corporate sukuk in growth of corporate; major issues in raising capital through Sukuk
  • Development in the Takaful industry and impact of Takaful windows furthering growth
  • Islamic share index: Has it contributed towards increased market activity, how is the market performing?
Moderator: Muhammad Raza — Group Head of Customer Support, Meezan Bank
Panelists: Bilal Rasul — Executive Director, Chairman’s Secretariat, Head of Islamic Finance Department, Securities & Exchange Commission of Pakistan (SECP)
Ghulam Muhammad Abbasi — Director, Islamic Banking Department, State Bank of Pakistan 

Mufti Muhammad Hassaan Kaleem — Head of Shariah, Dubai Islamic Bank Pakistan
Mufti Syed Zahid Siraj  Vice-President and Head of Shariah Audit Department, Burj Bank
Muhammad Shoaib Ibrahim — CEO, First Habib Modaraba
Mujeeb Baig — Executive Vice-President Group Head, Product Management and Shariah Structuring, MCB Islamic Bank
Shahid Ghaffar — Managing Director, National Investment Trust Limited
 
12:45 - 13:00
Presentation: Outlook for Islamic Asset Management and the Funds Industry in Pakistan
Mohammad Shoaib
 CEO, Al Meezan Investment Management
 
13:00 - 13:30
Developing New Leaders in the Islamic Banking Sector
The growth of Islamic banks, and Islamic finance, continues to outpace the development of talent the industry crucially needs. A dearth in human capital and leadership in particular is now one of the biggest challenges the industry faces. Are Islamic finance graduate programs in Pakistan adequately preparing young professionals for the industry? Is enough being done to develop scholars and Muftis to support the industry?
  • Are Islamic finance graduate programs in Pakistan adequately preparing young professionals for the industry?
  • Is enough being done to develop scholars and Muftis to support the industry?
  • The objectives and vision of three newly established Centre of Excellences in Islamic Finance
Moderator: Dr Saad Azmat — Associate Dean Research, Chair Centre for Islamic Finance, Suleman Dawood School of Business, Lahore University of Management Sciences
Panelists: Dr Atiquzzafar Khan — Assistant Professor, International Islamic University, Islamabad
Dr Hasan Sohaib Murad   Rector University of Management and Technology (UMT) 
Dr Irum Saba — Assistant Professor, IBA CEIF
Khairul Nizam — COO, Finance Accreditation Agency, Malaysia 
Mufti Mohammad Najeeb Khan — Resident Shariah Board Member, Summit Bank
 
13:30 - 13:40
Closing Remarks & End of Forum
 
14:15 - 16:45
The Pakistan Dialogue
(a closed door session with regulators and senior industry leaders)


The Pakistan Dialogue is a high level, invite-only roundtable event comprising senior regulators and market leaders representing the participation finance industry in Pakistan. A select group of international representatives will also be invited. This closed door meeting will focus exclusively on Pakistan’s bid to become a world class, sustainable Islamic finance industry. To facilitate open and honest discussion no media will be invited to cover the event. A summary of discussions will, however, be transcribed and distributed only to participants and submitted to the relevant financial regulators in Pakistan for their review.
 

 

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SUPPORTED BY

State Bank of Pakistan
Securities and Exchange Commission of Pakistan

EXCLUSIVE LEAD PARTNER

Bank Alfalah

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Finance Accreditation Agency

EXECUTIVE PARTNERS

Islamic Banking Industry of Pakistan
Allied Bank Limited: Islamic Banking Group
BankIslami Pakistan
Dubai Islamic Bank Pakistan
Faysal Bank
Meezan Bank

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National Investment Trust Limited

LEAD MEDIA PARTNER

Islamic Finance news

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Lahore University of Management Sciences (LUMS)

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The Business Year
Voices of Leaders

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Centre for Excellence in Islamic Finance (CEIF), IBA