PRESS RELEASE
With a Muslim population of 130 million, a growing middle class sector and increased foreign participation in the investment arena, there is much potential in the Bangladeshi Islamic finance market. Amongst the key issues pertinent to the country’s Islamic financial market include recent governmental efforts, tax and regulatory updates, as well as the Islamic micro-financing, SME and agro-financing sectors.
International banks such as Standard Chartered Saadiq have expressed interest in exploring further opportunities within the Bangladeshi Islamic finance sector, especially in the area of project and infrastructure development. The country’s growing economy is expected to attract more Islamic funds from foreign players. In 2012, there were seven private commercial banks operating as fully-fledged Islamic banks in the Bangladeshi banking sector, with 16 conventional banks engaged in Islamic banking.
The Islamic Finance news Roadshow will visit Bangladesh for the first time this year, and is set to bring together industry experts and the market movers of the republic’s Islamic finance industry. This one-day event on the 5th February 2013 will address key issues pertinent to the country’s Islamic financial market; including recent governmental efforts, tax and regulatory updates, and insight into its Islamic micro-financing, SME and agro-financing sectors.
Amongst the topics that will be discussed at the roadshow are: Market Developments, Challenges & Opportunities in Bangladesh's Islamic Finance Sector; Possibilities and Opportunities for Diversification of Islamic Products; Facilitating Shariah Compliant Investment Flows in Bangladesh and South Asia Through Innovative Products, Structures and Channels; country presentations; and Crucial Steps to Take Bangladesh's Islamic Finance to the Next Level.
DATE: 5th February 2013
TIME: 9am to 4 pm (registration begins at 8am)
VENUE: Pan Pacific Hotel Sonargaon Dhaka
Confirmed speakers include:
| • | Ahmed A Khalid - Regional Head (Asia), Coverage & Partership Department, Islamic Corporation for the Development of the Private Sector, Islamic Development Bank |
| • | Aishath Muneeza - Head of Islamic Finance, Capital Market Development Authority, Maldives |
| • | Ehsan Khasru - Managing Director & Chief Executive Officer, Prime Bank |
| • | Mufti Ehsan Waquar Ahmad - Shariah Consultant, Pakistan |
| • | Ishrat Rauff - Managing Director/ Chief Executive Officer, Adl Capital, Sri Lanka |
| • | Khalid Rahim - Senior Consultant, KPMG Bangladesh |
| • | M Azizul Huq - Chairman, Shariah Council, The City Bank, Vice Chair, Shariah Council, AB Bank |
| • | Mahbub Jamil - Head of Structured Finance, NDB Capital |
| • | Mahmud Hossain - Chief Executive Officer & Co-Founder, Millennium Information Solution |
| • | Mamoon Mahmood Shah - Managing Director & Chief Executive Officer, ICB Islamic Bank |
| • | Dr Md Mizanur Rahman - Senior Vice President, Research and Development, Islami Bank Bangladesh |
| • | Mehedi Hasan - Partner, KPMG Bangladesh |
| • | Mehmood Husain - President & Managing Director, Bank Asia |
| • | Mohammad Abdul Mannan - Managing Director, Islami Bank Bangladesh |
| • | Mohammad Shoaib Ibrahim, CFA - Chief Executive Officer, Al Meezan Investment Management, Pakistan |
| • | Md Touhidul Alam Khan, ACMA - Senior Executive Vice President and Head of Corporate Assets & Client Origination, Bank Asia |
| • | Mushfique Mahmud - Legal Consultant, Dar Al Sharia |
| • | Shah Abdul Hannan - Former Chairman, Islami Bank Bangladesh & Founder Member, Central Shariah Board of Islamic Banks |
| • | Wali-ul-Maroof Matin - Chairman & Managing Director, Alliance Capital Asset Management |
The Forum will explore the opportunities within the country for Islamic issuers, investors, corporates and financial institutions.
About REDmoney Group & Islamic Finance news Roadshow
REDmoney Group is the holding company behind Islamic Finance news, Islamic Finance training and Islamic Finance events all leading products in their own right.
For the past nine years Islamic Finance news has been reaching out and educating new markets globally. For eight years REDmoney has been organizing key Islamic finance events with the focus heavily on education and development and for the past six years the IFN Forum has been visiting key developing Islamic financial markets and providing all interested parties with the perfect stage to assist development.
Heading into its 6th year, the Islamic Finance news Forums continues to roam the globe educating and updating the developing Islamic financial markets. In 2013, the IFN Forum will visit 5 key markets. These markets are those which our clients have suggested we need to focus and also which we believe will witness exponential growth in the coming years.
After Bangladesh, the IFN Roadshow will travel to Singapore (22nd March), Morocco (29th April) and Australia (7th May). A full list of the upcoming 2013 IFN Roadshow is available on our website.
Click here for the latest contact information.