REDmoney Events - IFN ROADSHOW TURKEY

TURKEY

Borsa Istanbul

3^rd September 2013

Confirmed Speakers

Abdulkadir Kahraman - Partner, Head of Tax, KPMG Turkey
Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg
Asim Khan - Managing Director, Khalij Islamic
Avsar R Sungurlu - Assistant Managing Director, BMD Securities
Ayhan Keser - Executive Vice President, Albaraka Turk Participation Bank
Baljeet Kaur Grewal - Managing Director & Vice Chairman, Kuwait Finance House Research
Cenk Karacaoglu - Vice President, Financial Institutions Division, Bank Asya
Erkan Tercan - Counsel, Paksoy
Evren Yazman - Executive Director, Global Emerging Markets, JP Morgan Chase
Faisal Fazli - Vice President, Global Islamic Banking, Citigroup Global Markets
Farmida Bi - Partner, Head of Islamic Finance - Europe, Norton Rose Fulbright
Feyzullah Egriboyun - Executive Vice President, Bank Asya
Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital
Hulusi Horozoglu - Director, Head of Global Capital Financing and Debt Finance, Global Banking, HSBC Turkey
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul
Ilhami Koc - Deputy Chief Executive Officer, Isbank & Chairman, IS Investment
Jawad Ali - Managing Partner - Middle East Offices, King & Spalding
Magdy Eissa - Vice President, Business Development, IdealRatings
Mehmet Fatih Bulac - Vice President, Financial Institutions & Islamic Syndications, Turkiye Finans
Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic, Malaysia
Mohammad Farrukh Raza - Managing Director, IFAAS
Mohammed Paracha - Partner, Joint Head of Islamic Finance, Norton Rose Fulbright (Middle East)
Murat Cetinkaya - Deputy Governor, Central Bank of Turkey
Murat Hatipoglu - Director, Advisory Services - Financial Services Lead, EY Turkey
Murat Turker - Vice Chairman, Banking Regulation and Supervision Agency (BRSA)
Mustafa Begun - Vice President, Investment Banking, Kuveyt Turk
Dr Nusret Cetin - Senior Legal Counsel, Capital Markets Board of Turkey
Rizwan Kanji - Partner, King & Spalding
Salman Ahmed - Partner, Head of Islamic Finance MENA, Trowers & Hamlins
Dr Serdar Sümer - Executive Vice President, Capital Markets Group, Aktif Bank
Shahin Mansuri - Senior Director, Investment Banking at Bank Alkhair
Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai
Sohail Zubairi - Chief Executive Officer, Dar Al Sharia Legal & Financial Consultancy
Stella Cox - Chief Executive Officer, DDCap
Vahdettin Ertas - Chairman, Capital Markets Board of Turkey

Agenda

08:00 - 09:00

Registration

09:00 - 09:15

Welcome Address
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul

09:15 - 09:30

Opening Keynote Address
Vahdettin Ertas - Chairman, Capital Markets Board of Turkey

09:30 - 10:20

Session One: Sustaining Turkey's Exceptional Growth and Development in the Participation Finance Market

Role of market players and regulatory bodies in maintaining Turkey's impressive advances in the participation capital market
What do Turkey's sovereign issuances signify to the market and outlook for future issuances
Examining notable issues in the past year and why they succeeded: Turkiye Finans US$500 million Sukuk Murabahah, Bank Asya US$380 million syndicated financing facility, Republic of Turkey US$3 billion sovereign issuances
Discussing the crucial need for a robust equity market as a balance to the thriving domestic Sukuk market
Outlook for Sukuk transactions from Turkey's conventional banks in the coming year
Evolving landscape: what do the new rules mean for the establishment of new participation banks in Turkey and what role will the new state-owned participation banks play

Moderator:

Hulusi Horozoglu - Director, Head of Global Capital Financing and Debt Finance, Global Banking, HSBC Turkey

Panelists:

Ayhan Keser - Executive Vice President, Albaraka Turk Participation Bank
Feyzullah Egriboyun - Executive Vice President, Bank Asya
Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul
Rizwan Kanji - Partner, King & Spalding
Shahin Mansuri - Senior Director, Investment Banking at Bank Alkhair

10:20 - 10:35

Keynote Address
Murat Cetinkaya - Deputy Governor, Central Bank of Turkey

10:35 - 10:50

Presentation: Assessing the Growth Potential for Shariah Compliant Banking & Financial Inclusion in Turkey
Baljeet Kaur Grewal - Managing Director & Vice Chairman, Kuwait Finance House Research

Download presentation

10:50 - 11:05

Keynote Presentation: Driving Innovation in Sukuk and Islamic Capital Markets Regulations to Support Growth
Murat Turker - Vice Chairman, Banking Regulation and Supervision Agency (BRSA)

11:05 - 11:20

Break & Networking

11:20 - 12:10

Session Two: Recent Developments in Regulations, Product Structures & the Global Economy: Overall Impact on the Islamic Capital Market in Turkey

Diversifying participation finance offerings: significance of the Capital Markets Board's rules and tax regulations supporting the use of new structures for Sukuk issuances
Cross border Sukuk issuance: Overcoming complexities in a civil law jurisdiction and leveraging opportunities through project and infrastructure financing
Examining the revised legislation on foreign ownership of real estate and its impact on attracting further investments from the Gulf
Malaysia's firsthand experience on new regulations and product innovations: challenges, success stories and overall benefits
Islamic capital market benefits for local companies exploring offshore opportunities beyond Turkish borders
The growth of the European Islamic capital markets and Turkey’s contribution to this

Moderator:	Jawad Ali - Managing Partner - Middle East Offices, King & Spalding
Panelists:	Abdulkadir Kahraman - Partner, Head of Tax, KPMG Turkey Ilhami Koc - Deputy Chief Executive Officer, Isbank & Chairman, IS Investment Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic, Malaysia Dr Nusret Cetin - Senior Legal Counsel, Capital Markets Board of Turkey Stella Cox - Chief Executive Officer, DDCap

12:10 - 13:00

Session Three: Assessing the Growth Potential for Turkey's Participation Asset and Fund Management Market

Prospects for participation pension funds and equity funds
Growth of private equity funds, exchange traded funds and wealth management
Initiatives and developments in Takaful and reTakaful - future growth prospects and challenges
Identifying current trends and innovations in product structures globally and application in the Turkish context
Strategies for corporate finance and project finance
Challenges faced by participation fund managers - stiff competition, Shariah concerns and the crucial need for innovative product structures

Moderator:	Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai
Panelists:	Avsar R Sungurlu - Assistant Managing Director, BMD Securities Evren Yazman - Executive Director, Global Emerging Markets, JP Morgan Chase Farmida Bi - Partner, Head of Islamic Finance - Europe, Norton Rose Fulbright Magdy Eissa - Vice President, Business Development, IdealRatings Sohail Zubairi - Chief Executive Officer, Dar Al Sharia Legal & Financial Consultancy

13:00 - 14:00

Lunch

14:00 - 14:45

Deal Roundtable: Discussing Key Trends, Features and Success Factors of the Year's Most Prominent Deals

Republic of Turkey US$1.5 billion 144a / RegS Debut Sukuk
Turkiye Finans US$500 million Sukuk Murabah
Albaraka Turk US$200 million Tier 2 Sukuk
Albaraka Turk Katilim Bankasi Syndicated Murabaha Financing Facility
Bank Asya US$250 million subordinated Sukuk
Aktif Bank Sukuk Varlık Kiralama TL 100,000,000 Lease Certificates (Istanbul International Financial Center Project Sukuk)

Moderator:

Mohammed Paracha - Partner, Joint Head of Islamic Finance, Norton Rose Fulbright (Middle East)

Panelists:

Cenk Karacaoglu - Vice President, Financial Institutions Division, Bank Asya
Faisal Fazli - Vice President, Global Islamic Banking, Citigroup Global Markets
Mehmet Fatih Bulac - Vice President, Financial Institutions & Islamic Syndications, Turkiye Finans
Mustafa Begun - Vice President, Investment Banking, Kuveyt Turk
Dr Serdar Sümer - Executive Vice President, Capital Markets Group, Aktif Bank

14:45 - 15:00

Presentation: Prospects and Opportunities in the Turkish Pension Market
Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai

Download presentation

15:00 - 15:45

Session Four: Crucial Steps to Advance Turkey's Rapid Growth in the Participation Finance Space

Attracting foreign demand for domestic issuances - what foreign investors are looking for
Choosing the right jurisdiction and the right tax structure: a bottom-top assessment to be made taking into account investment level, holding level and target investors level
Addressing the need for more equity based participation products in the Turkish market and the role of market players and regulators
Factors hindering access to international investors - lack of investment grade status, civil law limitations - and steps to overcome them
Examining issues relating to fees, distribution, intermediaries and ratings
Recognising the growing need for structured programs to raise awareness amongst issuers and develop sustainable, qualified talent in the Islamic financial services industry

Moderator:	Salman Ahmed - Partner, Head of Islamic Finance MENA, Trowers & Hamlins
Panelists:	Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg Asim Khan - Managing Director, Khalij Islamic Erkan Tercan - Counsel, Paksoy Mohammad Farrukh Raza - Managing Director, IFAAS Murat Hatipoglu - Director, Advisory Services - Financial Services Lead, EY Turkey