REDmoney events
PAKISTAN
State Bank of Pakistan
Auditorium, Learning Resource Centre, Karachi
4th September 2012

Islamic finance in Pakistan has come a long way since its introduction in the 1970s. With a Muslim population of almost 200 million and increasing demand for Shariah compliant banking products from the grassroots level, there is no doubt that the republic's Islamic finance sector could prove to be a sound contender against flourishing Islamic finance markets such as Malaysia, Indonesia and Saudi Arabia.

Supported by the State Bank of Pakistan, the Islamic Finance news Pakistan Roadshow 2012 will be held on Tuesday 4th September and will feature prominent players from around the world to share their knowledge and expertise within the Pakistani market.

Confirmed Speakers

Yaseen Anwar - Governor, State Bank of Pakistan
Dr Ishrat Hussain -
Director, Institute of Business Administration (IBA) & Ex-Governor, State Bank of Pakistan
Ahmed Ali Siddiqui -
Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
Azeem I Pirani - Regional Manager, Pakistan, FWU AG
Bilal Rasul - Director (Enforcement), Securities & Exchange Commission of Pakistan
Habib Motani - Partner, Clifford Chance
Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan
Irfan Siddiqui -
President & Chief Executive Officer, Meezan Bank
Ishaq Shah - Head of Corporate, Ahmad & Qazi, Advocates & Legal Consultants
M A Mannan - Executive Director, Silk Bank
Mohammed Asif Arif - Commissioner, Insurance Division, Securities & Exchange Commission of Pakistan
Mohtashim Aftab - Chief Financial Officer, Kot Addu Power Company (KAPCO)
Mufti Ehsan Waquar Ahmad - Shariah Advisor, United Bank Limited
Mufti Irshad Ahmad Aijaz - Shariah Adviser & Member of Shariah Supervisory Board, BankIslami Pakistan
Muhammad Ashraf Khan - Executive Director, Development Finance Group, State Bank of Pakistan
Muhammad Kashif Siddiqee - Joint Director, Insurance Division, Policy, Regulation & Development Department, Securities & Exchange Commission of Pakistan
Dr Muhammad Qaseem - Country Head of Shariah, Dubai Islamic Bank Pakistan
Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group MCB Bank
Nadeem Hussain - President & Chief Executive Officer, Tameer Microfinance Bank
Mufti Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank
Neil Miller - Global Head Islamic Finance, KPMG, UAE
Omar Mustafa Ansari - Partner, Islamic Financial Services, Ernst & Young Ford Rhodes Sidat Hyder
Saleem Ullah - Director, Islamic Banking Department, State Bank of Pakistan
Salman Younis - Former Chief Executive Officer, Kuwait Finance House, Malaysia
Shafqaat Ahmed - Chief Executive Officer, Al Baraka Bank ( Pakistan)
Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
Syed Amir Ali - Head of Investment Banking, Meezan Bank
Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
Zulfikar Ali Khokhar - Additional Director, Islamic Banking Department, State Bank of Pakistan

Agenda

08:00 - 09:00
Registration and refreshments
09:00 - 09:15
Welcome Address
09:15 - 09:30
Opening Keynote Address by Chief Guest : Yaseen Anwar, Governor, State Bank of Pakistan
09.30 - 09.40
Special Presentation : Competing in the Islamic finance market: Pakistan's competitive advantage
Irfan Siddiqui, President & Chief Executive Officer, Meezan Bank
09.40 - 10.30
Session One: Developments, Challenges & Opportunities in Islamic Finance in Pakistan
  • Critical analysis of current Islamic banking practices and their long-term effects on the industry and economy
  • Islamic banking vs conventional banking - streamlining clear-cut differences and advantages
  • Understanding the need for Islamic banking for corporates in Pakistan and designing innovative solutions
  • How to motivate entrepreneurs and corporates into Islamic finance?
  • Importance of international players' knowledge transfer to local practices and vice versa
Moderator: Dr Zeeshan Ahmed, Associate Professor, Karachi School of Business & Leadership
Panelists: Hasan A Bilgrami, Chief Executive Officer, BankIslami Pakistan
Dr Muhammad Qaseem, Country Head of Shariah, Dubai Islamic Bank Pakistan
Neil Miller, Global Head Islamic Finance, KPMG, UAE
Shafqaat Ahmed, Chief Executive Officer, Al Baraka Bank ( Pakistan)
Sirajuddin Aziz, President & Chief Executive Officer, HabibMetro Bank
10:30 - 10:45
Presentation: Exploring the new territories - sharing of experience
Salman Younis, Former Chief Executive Officer, Kuwait Finance House, Malaysia
10:45 - 11:15
Tea Break & Networking
11:15 - 11:30
Special Keynote Address
Mohammed Asif Arif, Commissioner-Insurance Division, Securities & Exchange Commission of Pakistan
11:30 - 12:15
Session Two - Islamic Capital Markets and Products - Developments & Structures
  • Discussing developments in existing products used in Pakistan
  • Facilitating the issuance of corporate Sukuk in Pakistan
  • Exploring the potential of joint-venture Sukuk transactions in Pakistan
  • Exploring the potential of the Mudarabah sector in expansion of Islamic finance
  • Islamic Mutual Funds: Dynamics and dynamism
  • Maximizing liquidity, diversifying funding sources and educating investors
Moderator: Syed Amir Ali, Head of Investment Banking, Meezan Bank
Panelists: Ishaq Shah, Head of Corporate, Ahmad & Qazi, Advocates & Legal Consultants
Muhammad Shoaib Ibrahim, Chief Executive Officer and Managing Director, First Habib Modaraba
Mujeeb Beig, Senior Vice President and Head Product Development & Research - Islamic Banking Group MCB Bank
Mufti Najeeb Khan, Shariah Advisor, Habib Metropolitan Bank
12:15 - 13:00
Session Three: Islamic Finance: Penetration in the Microfinance, SME and Agriculture sectors
  • Is Islamic financial modes/products a natural solution for microfinance, agriculture and SME sectors?
    If YES, why the growth has not yet made its mark?
  • Establishment of a centralized Shariah board for the microfinance institutions
  • Potential of introducing Takaful as a catalyst for financial inclusion i.e. for agriculture/SME/micro finance sectors
  • Developing linkages with local and international institutions like ICD/IDB & SME Business Support Fund etc. for developing SME sector
  • Discussing the future roadmap of Islamic finance for creating its strong impact at the grass root level
Moderator: Zulfikar Ali Khokhar, Additional Director, Islamic Banking Department, State Bank of Pakistan
Panelists: Ahmed Ali Siddiqui, Executive Vice President & Head Product Development & Shariah Compliance, Meezan Bank
Azeem I Pirani, Regional Manager, Pakistan, FWU AG
Mufti Irshad Ahmad Aijaz , Shariah Adviser & Member of Shariah Supervisory Board, BankIslami Pakistan
Muhammad Ashraf Khan, Executive Director, Development Finance Group, State Bank of Pakistan
Nadeem Hussain, President & Chief Executive Officer, Tameer Microfinance Bank
13: 00 - 14:00
Lunch
14.00 - 14.30
Case Study: KotAddu Power Company 1.5 Billion Pakistan rupee short-term Sukuk
Issuer : Mohtashim Aftab, Chief Financial Officer, Kot Addu Power Company (KAPCO)
Financier : Syed Amir Ali, Head of Investment Banking, Meezan Bank

Counsel : Ishaq Shah, Head Corporate, Ahmed & Qazi, Advocates & Legal Consultants
14.30 - 14.45
Presentation: Exploring the growth of the Takaful market in Pakistan
Muhammad Kashif Siddiqee, Joint Director - Insurance Division, Policy, Regulation & Development Department, Securities & Exchange Commission of Pakistan (SECP)
14:45 - 15:00
Presentation: Discussing the possibilities of Hedging in Islamic Finance
Habib Motani, Partner, Clifford Chance LLP
15:00 - 15:45
Session Four - Crucial Steps to Take Pakistan's Islamic Finance to the Next Level
  • Identifying Pakistan's competitive advantage to compete in the Islamic finance market
  • Discussing the role of the regulator and government in facilitating the growth of Islamic finance
  • Necessary taxation reforms for Islamic financial products
  • Role of Shariah rating and shari'ah audit in enhancing credibility
  • A glimpse into the future: What are the positive changes in Pakistan's Islamic finance, that we expect to see in the next 2-3 years?
Moderator: Dr Zeeshan Ahmed, Associate Professor, Karachi School of Business & Leadership
Panelists: Bilal Rasul, Director, Enforcement, Securities & Exchange Commission of Pakistan
M A Mannan, Executive Director, Silk Bank
Mufti Ehsan Waquar Ahmad, Shariah Advisor, United Bank Limited
Omar Mustafa Ansari, Partner, Islamic Financial Services, Ernst & Young Ford Rhodes Sidat Hyder
Saleem Ullah, Director, Islamic Banking Department, State Bank of Pakistan
15:45 - 16:15
Special Closing Address by : Dr Ishrat Hussain, Director, Institute of Business Administration (IBA) & Ex-Governor, State Bank of Pakistan
16:15 - 17:00
Networking and Refreshments

SPONSORS & PARTNERS

SUPPORTED BY
State Bank of Pakistan
ROADSHOW ASSOCIATE
CIMB Islamic
ASSOCIATE PARTNERS
FWU Group
Meezan Bank
EXCLUSIVE KNOWLEDGE PARTNER
KPMG
PARTNER
IdealRatings
LEAD MEDIA PARTNER
Islamic Finance news
MEDIA PARTNERS
AlHuda Centre of Islamic Banking and EconomicsBusiness Islamica
Capital BusinessEurekahedgeGlobal Islamic FinanceThe Financial DailyTrue Banking Magazine