REDmoney Events - IFN ROADSHOW TURKEY

TURKEY

Istanbul Stock Exchange

6^th December 2012

Confirmed Speakers

Abdulkadir Kahraman - Partner, KPMG
Ahmet Albayrak - Executive Vice President, Corporate and International Banking, Kuveyt Turk
Avsar R Sungurlu - Assistant Managing Director, BMD Securities
Cassim Docrat - Director, DDCAP (DIFC) Ltd
Erkan Tercan, Senior Associate, Paksoy
Faisal Alshowaikh - Head of Islamic Financial Services, ABC International Bank
Hersham Youssef- Head of Corporate Banking & Financial Institution Group, Libyan Qatari Bank
Hitesh Asarpota - Director, Capital Markets and Structured Finance, Emirates NBD Capital, UAE
Dr Ibrahim Turhan - Chairman and Chief Executive Officer, IMKB Istanbul Borsasi
Jamie Durham - Partner, Allen & Overy
M Fatih Bulac - Head of Financial Institutions, Turkiye Finans
Mohammad Wajid Kamran - Chief Executive Officer, Emirates NBD Capital
Murat Haholu - Head of Surveillance Group, Department of Corporate Finance, Capital Markets Board of Turkey
Mustafa Begun - Head of Investment Banking, Kuveyt Turk
Mustafa Kemal Yılmaz - Executive Vice Chairman, IMKB Istanbul Borsasi
Qudeer Latif - Partner (Global Head of Islamic Finance), Clifford Chance
Rizwan Kanji - Partner, King & Spalding
Savas Saymaz - Financial Consultant, SHAPE ™ Financial
Sera Somay - Partner, Somay Hukuk Burosu
Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions
Tanweer Bukhari - Vice-President & Head of Investment Banking & Advisory, CIMB Middle East

Agenda

08:00 - 09:00

Registration and refreshments

09:00 - 09:15

Welcome remarks

09:15 - 09:30

Keynote Address: Dr Ibrahim Turhan, Chairman and Chief Executive Officer, IMKB Istanbul Borsasi

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09:30 - 10:30

Session One: Turkey and the Development of Local and Regional Participation Capital Markets

Turkey's place in the Asian and European participation finance and investment landscape
What does Sovereign Sukuk mean for participation finance in Turkey?
What are the opportunities local and regional investment managers can look forward to?
What more do aspiring participation financial markets such as Turkey need to do to attract issuers? Considerations: rule of law, regulation, investor base, financial infrastructure
Examining notable issues in 2012 and why they succeeded: Sovereign Sukuk, KT Sukuk Varlik Kiralama
Using participation finance structures and products to match issuers' needs and investors' yield expectations

Moderator:	Mustafa Kemal Yılmaz, Executive Vice Chairman, IMKB Istanbul Borsasi
Panelists:	Ahmet Albayrak, Executive Vice President, Corporate and International Banking, Kuveyt Turk M Fatih Bulac, Head of Financial Institutions, Turkiye Finans Mohammad Wajid Kamran, Chief Executive Officer, Emirates NBD Capital

10:30 - 11:00

Break and networking

11:00 - 11:45

Session Two: Product Structure, Innovation and Development for Participation Finance in Turkey

Potential sectors for Sukuk issuance in Turkey in the coming year: transport and telecoms
Project and Infrastructure finance and the opportunities offered in Turkey
Examining deal size versus product structure and innovation
Regulatory, taxation and accounting standards updates in Turkey
Differing and opposing views on Shariah compliance - what have we learned from recent high profile capital markets cases?
What does the absence of a Trust Law mean in reality for issuers in the Turkish market?

Moderator:	Rizwan Kanji, Partner, King & Spalding
Panelist:	Hersham Youssef, Head of Corporate Banking & Financial Institution Group, Libyan Qatari Bank Jamie Durham, Partner, Allen & Overy Tanweer Bukhari, Vice-President & Head of Investment Banking & Advisory, CIMB Middle East

11:45 - 12:00

Presentation: Sukuk Regulation in Turkey
Murat Haholu, Head of Surveillance Group, Department of Corporate Finance, Capital Markets Board of Turkey

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12:00 - 12:30

Case Study: Republic of Turkey US$1.5 billion Lease Certificates

Issue more than five times oversubscribed

Yield of 2.8%, maturing in 2019

Backed by state-owned properties and land

Based on a Sukuk Ijarah structure

Qudeer Latif, Partner (Global Head of Islamic Finance), Clifford Chance
Sera Somay, Partner, Somay Hukuk Burosu

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12:30 - 12:40

Luncheon Address
Avsar R Sungurlu, Assistant Managing Director, BMD Securities

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12:30 - 13:45

Lunch

13:45 - 14:30

Session Three: Facilitating Shariah Compliant Investment Flows Through Innovative Products, Structures and Channels in Turkey

Challenges facing the participation asset management industry: developing attractive product propositions and effective distribution strategies
Developing suitable and attractive wealth management products for high net worth customers in Turkey
Structuring effective Takaful products for the Turkey market
The potential of participation private equity growth in Turkey and Europe: key sectors and opportunities
Examining the crucial issue of Shariah compliance for today's participation investment structures and products
Investment and product trends in Turkey: hedging instruments, ETFs, iREITs

Moderator:	Qudeer Latif, Partner (Global Head of Islamic Finance), Clifford Chance
Panelists:	Abdulkadir Kahraman, Partner, KPMG Cassim Docrat, Director, DDCAP (DIFC) Ltd Faisal Alshowaikh, Head of Islamic Financial Services, ABC International Bank

14:30 - 15:15

Deal Roundtable: KT Sukuk Varlik Kiralama US$350 million certificates

Based on Wakalah/Ijarah Structure; on-shore SPV established
69% of the deal distributed to investors in the Gulf
In the absence of a Trust Law in Turkey, transaction used a Declaration of Agency facility
Backed by real estate Ijarah, Ijarah receivables and Murabahah receivables

Erkan Tercan, Senior Associate, Paksoy
Jamie Durham, Partner, Allen & Overy
Mustafa Begun, Head of Investment Banking, Kuveyt Turk
Rizwan Kanji, Partner, King & Spalding

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15:15 - 16:00

Investors Roundtable: The Role of Institutional Investors and Takaful Funds in the Participation Investment landscape and Where Turkey can play a role

Sovereign wealth funds and their reach and scope in Turkey, Asia and the Gulf
Discussing the investment strategies of sovereign wealth funds in the coming year
Assessing the role of the Takaful industry in the mobilization of funds
Takaful companies and the long-term investment mandates and strategies available to them
Investment mandates for pension funds and institutional funds in Turkey and beyond: what can participation finance offer?

Moderator:	Sohail Jaffer, Deputy CEO, FWU Global Takaful Solutions
Panelists:	Hitesh Asarpota, Director, Capital Markets and Structured Finance, Emirates NBD Capital, UAE Savas Saymaz, Financial Consultant, SHAPE ™ Financial Tanweer Bukhari, Vice-President & Head of Investment Banking & Advisory, CIMB Middle East

16:15 - 16:30

Closing Remarks and Refreshments