Opportunities for Further Growth of Sri Lanka’s Islamic Banking and Islamic Capital Market
  • IN ASSOCIATION WITH

Date: 21st October 2014 Venue: Cinnamon Grand, Colombo
Conference Guide

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With a strong turnout every year, the IFN Sri Lanka Forum continues to attract players from different backgrounds and sectors looking to tap into Sri Lanka’s massive potential in terms of infrastructure development, as well as halal food and tourism sector. The prospects for growth in Sri Lanka are extremely attractive, with more banks opting to open Islamic banking windows and strong demand for Ijarah, Musharakah and Sukuk instruments.

Sri Lanka is also a strategic naval link between West Asia and Southeast Asia. A legislative breakthrough in 2005 which saw amendments being made to its Banking Act turned this economy into a potential hub for Islamic finance in the South Asian region. The 3rd IFN Sri Lanka Forum will be held in Colombo, and is set to attract a strong delegation from both the local and neighboring markets such as Pakistan, India, the Maldives and the UAE.

 

Agenda

Agenda



09:00 - 09:10
Prayer Recital
 
09:10 - 09:25
Welcome Address
Mohamed Azmeer - Chief Executive Officer, Amana Bank
 
09:25 - 09:40
Keynote Address by Chief Guest
Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka
 
09:40 - 10:40
CEO Session: Addressing Challenges through Innovation: Emerging Trends and Opportunities
  • Challenges for Islamic finance in continuing the growth of the industry in Sri Lanka
  • What will 2015 hold and what should our approach be
  • How can the Islamic finance industry in Sri Lanka align itself with the country´s strategic path (CBSL Roadmap)
  • Islamic finance outlook on MSME and retail banking
  • Growth prospects for infrastructure financing
  • Outlook for Takaful in Sri Lanka
 
Moderator: Reyaz Mihular - Managing Partner, KPMG Sri Lanka
Panelists: Ananda Silva - Senior Deputy Governor, Central Bank of Sri Lanka
Fazal Ghaffoor - Chief Executive Officer, Amana Takaful
Krishan Thilakaratne - Chief Executive Officer - Al Falaah, Lanka Orix Finance, Sri Lanka
Mohamed Azmeer - Chief Executive Officer, Amana Bank
 
10:40 - 10:55
Keynote Address by Guest of Honour
Dr Azeema Adam - Governor, Maldives Monetary Authority
 
10:55 - 11:25
Coffee and Networking
 
11:25 - 12:25
Advancing Sri Lanka’s Islamic Finance Industry: What Needs to Get Done
As Sri Lanka continues to develop it’s Islamic finance market, market players and regulators must consider what crucial steps need to be taken to advance the industry and promote sustainable growth. Why have Shariah compliant transactions been few and far between? What can be done to collaborate with mature markets on cross border transactions? What legal, tax and regulatory frameworks need to exist in order to do so?
  • Outlook for Sukuk and other debt capital market transactions
  • Sector focus: Which Shariah compliant niche should Sri Lanka focus on?
  • Are Islamic windows commercially viable and how will they add value to the industry?
  • Initiatives in Sri Lanka’s Takaful industry
  • Update on legal, tax and regulatory changes encouraging Islamic finance transactions
  • What new products are in the pipeline to meet the needs of investors and borrowers in Sri Lanka?
 
Moderator: Reyaz Jeffrey - Chief Executive Officer, Amana Takaful Life
Panelists: Harith Harun - Managing Director & Chief Executive Officer, Maldives Islamic Bank
Imruz Kamil - Head of Islamic Finance, Richard Peiris Finance
Roshan Madawela - Director, Research Intelligence Unit
Siddeeque Akbar - Vice President - Consumer Banking & Strategic Marketing, Amãna Bank
Suresh R I Perera - Principal - Tax & Regulatory, KPMG
Tyrone Hannan - Head - Global Transaction Banking, Deutsche Bank
 
12:25 - 13:20
Investors Roundtable: The Islamic Investment Landscape: Market Trends and Strategies for 2015
  • What will 2015 hold for Islamic investors and fund managers
  • Which asset classes are expected to outperform and why
  • Growth prospects for Islamic REITs and wealth management products
  • The changing face of the institutional investment market: Discussing investment strategies and product trends for 2015
  • Capitalizing on key advantages in the real estate and property sector
  • Outlook for i-ETFs, Shariah compliant mutual funds
 
Moderator: Ariff Sultan - Regional Director (Asia), IdealRatings, Singapore
Panelists: Fazly Marikar - Head of New Product Initiatives, Amãna Bank
Ishrat Rauff - Managing Director/CEO, ADL Capital
Dr Naveen Gunawardane - Managing Director, Amana Capital
Ravi Abeysuriya - Director & Chief Executive Officer, Candor Group, Sri Lanka
 
13:20
End of Forum
 

 

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IN ASSOCIATION WITH

Amana Bank

MULTILATERAL STRATEGIC PARTNER

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

ASSOCIATE PARTNERS

Al-Falaah, Islamic Business Unit of LOLC Finance PLC.
Amana Takaful Life
Amana Takaful Maldives
Amana Capital
Amana Global
Islamic Banking Intelligence

EXECUTIVE PARTNERS

Deutsche Bank
Emirates NBD Group
IdealRatings
Richard Pieris Arpico Finance
Russell Indexes

LANYARDS SPONSOR

World Vest Base

LEAD MEDIA PARTNER

Islamic Finance news

STRATEGIC MEDIA PARTNERS

Business Islamica
Capital Business

MEDIA PARTNERS

Blassys
Echelon
Eyes of Riyadh
Financial Bridges
Inovatif Media Asia
Voices of Leaders
WORLD CSR DAY