1st & 2nd October 2012
Kuala Lumpur Convention Centre, Kuala Lumpur
Confirmed Delegates: 2089
About The IFN Asia Forum
An Introduction
Following the tremendous success of last year, the 7th IFN Asia Forum will be held in Kuala Lumpur, Malaysia on the 1st & 2nd October 2012. The renowned 'Issuers & Investors' format will again ensure both the buy-side and sell-side are fully incorporated in this 2-day event.
With complimentary delegate passes for all issuers, investors, regulators and other senior and relevant key practitioners, the IFN Asia Forum 2012 will continue to be the industry’s largest and leading annual event.
Currently the most liquid and resource-rich market, Asia has become the focal point for investors looking to escape the financial drubbing experienced by western markets. Perhaps the key to Asia’s popularity is its status as an emerging market, which directly implies a gamut of untapped investment opportunities for development and capital requirement to serve its growing population. With its natural disposition for Islamic finance due to its population demographic, countries such as Malaysia, Indonesia, Singapore, Hong Kong and Brunei are expected to continue attracting Shariah compliant investments and funds; and inevitably become market leaders in the area with continued regulatory support and proper infrastructure development.
The growth figures for Asia are staggering, and nothing less than impressive. Southeast Asia alone is expected to grow at an average of 5.6% in 2012, up from 5.3% in 2011, while intra-trade between South Asia and the Middle East has seen a hike to 11% over the last year, and is expected to remain on an upward trajectory; all this amid the cacophony in the global financial markets. However, Asia’s position as an emerging market also places it in a Catch-22 situation; while growth is hard to be ignored, risk is equally high, and an unfamiliarity among the global financial community with the business dealings within Asia and a perceived disparity in business cultures and norms has somewhat created trepidation among investors looking to park their money in what seems to be the world’s most bustling region in terms of growth and issuer activity.
In terms of Islamic finance, market players are confident of key areas within Asia such as project and infrastructure financing, development of soft sectors such as IT and healthcare, and wealth management to name a few. And many are restless for the Islamic finance community to focus on this emerging market and tap the existing growth opportunities to further boost the industry’s position; and perhaps to some degree popularity, among the general investment community. Should Islamic finance successfully work in tandem with Asia’s growth story, there is no doubt that the market will eventually achieve what it has always sought – the elusive question of critical mass and secondary market deepening.
The 2012 IFN Asia Issuers & Investors Forum will take you around Asia and explore these growth opportunities, question Asia’s exhibited resilience towards the world’s current financial woes, investor appetite for Asian-based investments and of course, their concerns.
Through a series of exclusive regulatory country presentations, practitioner-led round-table discussions, non-debatable power presentations, original case studies and sector focused side sessions, the IFN Asia Forum in 2012 will again be the key, must-attend industry event for issuers, investors, regulators and all financial intermediaries involved in the Islamic financial markets with the slightest interest in the Asian markets.
With the proper implementation of regulations and the provision of sufficient infrastructure, the capital markets of Asia will continue to thrive and attract liquidity from all over the world. From being an exotic market with immense growth potential, Asia is now in the driving seat to become the world’s new economic giants.
Forum Agenda
Monday, 1st October 2012
- Maintaining stability in Asian Islamic capital markets in the light of Global market turbulence
- Discussing likely Global and regional banking regulatory changes and predicting the consequences for Islamic issuers and intermediaries in Asia
- Differing and opposing views on Shariah compliance - what have we learned from recent high profile capital markets cases?
- Examining notable issues in 2012 and why they succeeded: PLUS, GACA, Pengurusan Air SPV
- Examining deal size versus product structure and innovation
- What more do aspiring Islamic financial markets in Asia need to do to attract issuers? Considerations: rule of law, regulation, investor base and financial infrastructure
Afaq Khan, Chief Executive Officer, Standard Chartered Saadiq
Badlisyah Abdul Ghani, Chief Executive Officer, CIMB Islamic
Sabri Ulus, Head of Treasury & Markets, Bank Islam Brunei Darussalam
Zainudin Ishak, Chief Executive Officer, HSBC Amanah Takaful
Zukri Samat, Managing Director, Bank Islam Malaysia
Tim Dillon, Commissioner, Southeast Asia, State Government of Victoria
- What do issuers need? Balancing the need for innovative product solutions with effective and consistent market regulation
- Encouraging development of new Shariah-based products as opposed to Shariah compliant structures
- Refinancing and restructuring Islamic capital market transactions - lessons from the Gulf
- Sukuk and syndication compared - key considerations for issuers and investors
- Addressing taxation, regulatory and risk management issues for the Asian Islamic capital markets
- New views on Shariah compliance and audit considerations for capital market structures
- Examining the success factors of the General Authority of Civil Aviation (GACA) 2012 SAR15 billion Sukuk issuance
Moderator: Neil Miller,Global Head, Islamic Finance, KPMG
Madzlan Hussain, Partner and Head Islamic Financial Services Practice, Zaid Ibrahim & Co
Mohd Effendi Abdullah, Director/Head, Islamic Markets, AmInvestment Bank
Saad Rahman, Director, Global Islamic Banking, Credit Agricole CIB
Usman Ahmed, Managing Director, Head, Global Islamic Banking Asia Pacific, Citibank
- Government-backed, Ringgit-priced Sukuk used to part finance the construction and development of the MY Rapid Transit (MRT) system
- Second largest Sukuk issued in Malaysia to date
- Attracted demand of up to RM12.915 billion; 5.38 times oversubscribed
- First tranche of a four tranche series
- Structure, funding purposes, underlying assets, ratings and pricing considerations
Fazlur Rahman Ebrahim, Principal Officer, DanaInfra Nasional Berhad & Managing Director, Prokhas
Luc Caytan, General Manager Global Financial Markets, KBL European Private Bankers
- Assessing Global regulatory changes for perceived higher risk banking activities: The effects of Basel III
- What makes Islamic finance and project and infrastructure finance compatible and is this still the case in the Asian markets?
- Addressing the increasing Global funding gap for infrastructure products - what's happening in Asia and the Gulf?
- Challenges affecting integration of Islamic finance into project financing: Shariah issues, price, tenor, risk management
- Financial structures to ensure success and viability of Islamic project and infrastructure transactions
- Projek Lebuhraya Usahasama (PLUS Bhd) RM30.6 billion Sukuk and what it means to the Asian Islamic infrastructure finance market
Alhami Mohd Abdan, Head, International Finance & Capital Market, OCBC Al-Amin
Allan Redimerio, Director, Head - Infrastructure Ratings (Asia), Standard & Poor's LLC
Dominic Harvey, Partner, Vinson & Elkins
Issam El-Tawari, Chairman & Managing Director, Rasameel Structured Finance Company
Nicholas Edmondes, Partner, Trowers & Hamlins
James Maclaurin, Chief Financial Officer, Axiata Group
Riestianti Thohuri, Deputy Director of Directorate of Islamic Financing, Ministry of Finance Indonesia
- First Sukuk to be priced at negative yield to maturity, reflecting investor confidence in Khazanah's credit
- Issue offers exposure to China's buoyant retail market
- Issue received overwhelming investor demand and was oversubscribed by 3.4 times
- Examining what the issue means for Hong Kong’s role in Islamic finance and its positioning with China
Mohamad Safri Shahul Hamid, Deputy Chief Executive Officer, CIMB Islamic
Mohd Izani Ghani, Director & Chief Financial Officer, Khazanah Nasional
- Fees, distribution, intermediaries, advisors and cost efficiency
- Examining the role played by guarantees in Islamic capital markets transactions
- Maturities, pricing and credit enhancement for Sukuk issues
- Managing Shariah risk in Islamic capital markets structures: how to ensure consistency
- Book-building and initiatives to broaden the investor base for Islamic issuances
- Can issuances be effectively hedged? Using swaps to manage risk
- Examining the challenges and issues raised by the Goldman Sachs Sukuk
Leoni Silitonga, Partner, Banking & Finance, Roosdiono & Partners
Lim Say Cheong, Executive Vice - President and Head, Investment Banking, Al Hilal Bank
Maamor Che Alias, General Manager, Advisory & Capital Markets, Prokhas
Ng Kit Ho, Director, Head,Debt Capital Markets Malaysia , Royal Bank of Scotland
Nik Norishky Thani, Head of Special Project (Islamic), Office of President & Group Chief Executive, Permodalan Nasional
Tuesday, 2nd October 2012
- The macro situation: What instability in Europe means for asset managers in Asia and the Gulf
- Identifying likely regulatory trends and changes in Asia with relevance to private and public investment
- Identifying new and important Shariah compliant investment destinations and asset classes in 2012
- Using Islamic structures and products to match issuers' needs and investors' yield expectations
- Ensuring investor protection in today's Islamic markets: updates on restructuring, default and insolvency
- New models for Islamic investment: exchange driven versus private placement and private equity investment
Ikbal Daredia, Chief Executive Officer, Alkhair International Islamic Bank
Luc Caytan, General Manager Global Financial Markets, KBL European Private Bankers
Maznah Mahbob, Director, AmIslamic Funds Management
Muzaffar Hisham, Chief Executive Officer & Head, Maybank Islamic
- Development of Islamic treasury products: How have they assisted market players and what more needs to be done?
- The workings of IIFM & ISDA's Mubadalatul Arbaah Profit Rate Swap Product Standard, and what this will achieve in practice
- Structuring and using Islamic profit rate swaps in practice in the Asian markets
- Hedging Products versus Talaaub: vital considerations for effective product development
- The outlook for liquidity management products and instruments: Commodity Murabahah, Islamic repo and other money market products
Ahmad Nazir Che Yen, Senior Vice President, Treasury Islamic, Group Treasury, CIMB Islamic
Dr Aznan Hasan, Shariah Advisor, Bursa Malaysia
Ijlal Alvi, Chief Executive Officer, International Islamic Financial Market
Lawrence Oliver, Deputy Chief Executive Officer, DDCap
Mohd Nazri Chik, Head of Shariah, Bank Islam Malaysia
Interviewer: Daud Vicary Abdullah, Chief Executive Officer, INCEIF
Afaq Khan, Chief Executive Officer, Standard Chartered Saadiq
Neil Miller, Global Head, Islamic Finance, KPMG
Rushdi Siddiqui, Global Head, Islamic Finance & OIC Countries, Thomson Reuters
- Challenges facing the Islamic asset management industry: developing attractive product propositions and effective distribution strategies
- Investment and product trends in Asia: Derivatives, ETFs, iREITs
- Optimal and efficient fund structures for success in the Islamic investment industry
- The potential of Islamic private equity growth in Asia and the Gulf: key sectors and opportunities
- Where is the market now for Islamic ETFs in Asia: what more needs to be done to improve investor uptake of these products?
- Examining the crucial issue of Shariah compliance for today's Islamic investments structures and products
Associate Professor Dr Asyraf Wajdi Dusuki, Head of Research Affairs Department, International Shariah Research Academy for Islamic Finance
Mahdzir Othman, Chief Executive Officer, i-VCAP
Monem Salam, President, Saturna
Raja Teh Maimunah, Managing Director, Hong Leong Islamic Bank
- Sovereign wealth funds and their reach and scope in Asia and the Gulf
- Discussing the investment strategies of sovereign wealth fund 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 Asia: what can Islamic finance offer?
Moderator: Jeremy Grant, Asia Regional Corporate Correspondent, Financial Times
Angelia Chin Sharpe, Chief Executive Officer, BNP Paribas Investment Partners Malaysia
Abdul Jalil Rasheed, Chief Executive Officer, Aberdeen Islamic Asset Management
Nani Abdul Rahman, Vice-President Origination, Global Markets, HSBC Amanah
Noripah Kamso, Chief Executive Officer, CIMB-Principal Islamic Asset Management
Sandeep Singh, Country Head, Malaysia & Chief Executive Officer, Franklin Templeton GSC Asset Management
- Structuring the MA mechanism to allow the bilateral exchange of profit streams from fixed rate to floating rate or vice versa
- Assessing how the documentation provides product schedules based on two separate structures for transacting MA to mitigate cash flow risk
- Examining how the initiative will help the market through offering more robust documentation
Daniel Cookson, Senior Associate, Clifford Chance
Ijlal Alvi, Chief Executive Officer, International Islamic Financial Market
Tariq Al-Rifai, Director, Islamic Market Indices, S&P Dow Jones Indices
Faizal Salieh, Managing Director/Chief Executive Officer, Amana Bank
- Addressing in detail Global regulatory change and what it means for Islamic asset and fund managers
- Enhancing risk management practices and corporate governance standards in Asia and the Gulf
- Investor protection, recourse to assets, default, insolvency and restructuring in Islamic finance: key practical issues and avoiding costly mistakes
- Ensuring compliance with changes to domestic and overseas regulation for asset managers
- Examining solvency, governance and risk management measures for the Takaful industry
- Shariah compliance issues
Andrew Leamon, Director, Deutsche Bank AG
Foo Su Yin, Chief Executive Officer, RAM Rating Services
Jeroen Thijs, Chief Risk Officer, Bank Islam Malaysia
Professor Mohamed Ismail Shariff, Managing Partner, Mohamed Ismail & Co
Tuesday, 2nd October 2012
- Addressing the need for regulatory bodies to strengthen supervisory roles to protect stakeholders in the Takaful Industry
- The challenges presented by increased variances in regulatory regimes across jurisdictions
- Key product growth segments in the Asian Takaful markets: How can the industry maintain present growth rates?
- Re-Takaful capacity: Increasing capacity for specialty lines and high risk infrastructure projects
- Examining solvency, governance and risk management measures for the Takaful industry as tabled by AAOIFI and IFSB
- Discussing the benefits and workings of Takaful and insurance benefits protection schemes
Md Khairuddin Arshad, Chief Operating Officer, Perbadanan Insurans Deposit Malaysia
Dr Mohd Rafick Khan bin Abd Rahman, Regional Client Manager, Munich Re Retakaful
Zainudin Ishak, Chief Executive Officer, HSBC Amanah Takaful
Rafael Dalmau, Head of Shariah Compliant Portfolio Management, BNP Paribas Asset Management
Moungmo Lee, General Manager, Analytics, AM Best Asia Pacific
- What is the reality for Takaful operators and their investment mandates and options?
- What can be done to close the duration gap and increase investment options for Takaful companies?
- The role of regulators in this process
- Sukuk and the investment opportunities it presents for Takaful operators
- Effectively managing investment risk and maximizing return
Azim Mithani - Chief Executive Officer, Prudential BSN Takaful
Daniel Choong, Executive Director, Head of Business Development, Nomura Islamic Asset Management
Mohd Farid Kamarudin, Executive Director of Sukuk and Alternative Investments, Funds Management Group, AmBank Group
Norlia Mat Yusof, Chief Investment Officer, Etiqa
- Surplus distribution: Principles of pooling versus advance payment request
- Surplus sharing: The latest Shariah rulings and pronouncements
- Assessing the recent MASB draft (DP i-1) on Takaful and how Takaful fits into IFRS4
- Risk management procedures for Takaful operators using derivatives contracts to hedge
- An update on the risk based capital framework (RBC) introduced by the Malaysia Takaful Association and its effect on the industry
- Examining the role of guarantees in Takaful
Anita Menon, Chief Risk Officer, Prudential BSN Takaful
Farzana Ismail, Principal, Actuarial Partners Consulting
Dr Nurdianawati Irwani Abdullah, Shariah Advisor, Standard Chartered Saadiq & AmTakaful
Wan Saifulrizal Wan Ismail, Associate Director, Towers Watson
Dr Younes Soualhi, Chairman, Shariah Board, Munich Re Retakaful
Forum Speakers
- Abdul Jalil Rasheed - Chief Executive Officer, Aberdeen Islamic Asset Management
- Abdulkader Thomas - Chief Executive Officer, SHAPE Financial
- Afaq Khan - Chief Executive Officer, Standard Chartered Saadiq
- Ahmad Nazir Che Yen - Senior Vice President, Treasury Islamic, Group Treasury, CIMB Islamic
- Alhami Mohd Abdan - Head, International Finance & Capital Market, OCBC Al-Amin
- Allan Redimerio - Director & Head, Infrastructure Ratings (Asia), Standard & Poor's LLC
- Andrew Leamon - Director, Deutsche Bank AG
- Angelia Chin Sharpe - Chief Executive Officer, BNP Paribas Investment Partners Malaysia
- Anita Menon - Chief Risk Officer, Prudential BSN Takaful
- Associate Professor Dr Asyraf Wajdi Dusuki - Head of Research Affairs Department, International Shariah Research Academy for Islamic Finance
- Azim Mithani - Chief Executive Officer, Prudential BSN Takaful
- Dr Aznan Hasan - Shariah Advisor, Bursa Malaysia
- Badlisyah Abdul Ghani - Chief Executive Officer, CIMB Islamic
- Daniel Choong - Executive Director, Head of Business Development, Nomura Islamic Asset Management
- Daniel Cookson - Senior Associate, Clifford Chance
- Daud Vicary Abdullah - Chief Executive Officer, INCEIF
- Dominic Harvey - Partner, Vinson & Elkins
- Faizal Salieh - Managing Director & Chief Executive Officer, Amana Bank
- Farzana Ismail - Principal, Actuarial Partners Consulting
- Fazlur Rahman Ebrahim, Principal Officer, DanaInfra Nasional Berhad & Managing Director, Prokhas
- Foo Su Yin - Chief Executive Officer, RAM Rating Services
- Ijlal Alvi - Chief Executive Officer, International Islamic Financial Market
- Ikbal Daredia - Chief Executive Officer, Alkhair International Islamic Bank
- Issam El-Tawari - Chairman & Managing Director, Rasameel Structured Finance Company
- James Maclaurin - Chief Financial Officer, Axiata Group
- Jeremy Grant - Asia Regional Corporate Correspondent, Financial Times
- Jeroen Thijs - Chief Risk Officer, Bank Islam Malaysia
- Lawrence Oliver - Deputy Chief Executive Officer, DDCap
- Leoni Silitonga - Partner, Banking & Finance, Roosdiono & Partners
- Lim Say Cheong - Executive Vice President and Head, Investment Banking, Al Hilal Bank
- Luc Caytan - General Manager Global Financial Markets, KBL European Private Bankers
- Maamor Che Alias - General Manager, Advisory & Capital Markets, Prokhas
- Madzlan Hussain - Partner and Head Islamic Financial Services Practice, Zaid Ibrahim & Co
- Mahdzir Othman - Chief Executive Officer, i-VCAP
- Maznah Mahbob - Director, AmIslamic Funds Management
- Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic
- Professor Mohamed Ismail Shariff - Managing Partner, Mohamed Ismail & Co
- Md Khairuddin Arshad - Chief Operating Officer, Perbadanan Insurans Deposit Malaysia
- Mohd Effendi Abdullah - Director & Head, Islamic Markets, AmInvestment Bank
- Mohd Farid Kamarudin - Executive Director of Sukuk and Alternative Investments, Funds Management Group, AmBank Group
- Mohd Izani Ghani - Director & Chief Financial Officer, Khazanah Nasional
- Mohd Nazri Chik - Head of Shariah, Bank Islam Malaysia
- Dr Mohd Rafick Khan bin Abd Rahman - Regional Client Manager, Munich Re Retakaful
- Monem Salam - President, Saturna
- Moungmo Lee - General Manager, Analytics, AM Best Asia-Pacific
- Muzaffar Hisham - Chief Executive Officer & Head, Maybank Islamic
- Nani Abdul Rahman - Vice-President Origination, Global Markets, HSBC Amanah
- Neil Miller - Global Head, Islamic Finance, KPMG
- Ng Kit Ho - Director, Head, Debt Capital Markets Malaysia, Royal Bank of Scotland
- Nicholas Edmondes - Partner, Trowers & Hamlins
- Nik Norishky Thani - Head of Special Project (Islamic), Office of President & Group Chief Executive, Permodalan Nasional
- Dr Nik Ramlah Mahmood - Deputy Chief Executive, Securities Commission Malaysia
- Noorizah Abd Hamid - Managing Director & Chief Executive Officer, PLUS Malaysia
- Noripah Kamso - Chief Executive Officer, CIMB-Principal Islamic Asset Management
- Norlia Mat Yusof - Chief Investment Officer, Etiqa
- Dr Nurdianawati Irwani Abdullah - Shariah Advisor, Standard Chartered Saadiq & AmTakaful
- Rafael Dalmau - Head of Shariah Compliant Portfolio Management, BNP Paribas Asset Management
- Raja Teh Maimunah - Managing Director, Hong Leong Islamic Bank
- Riestianti Thohuri - Deputy Director of Directorate of Islamic Financing, Ministry of Finance Indonesia
- Rushdi Siddiqui - Global Head, Islamic Finance & OIC Countries, Thomson Reuters
- Saad Rahman - Executive Director, Global Islamic Banking, Credit Agricole CIB
- Sabri Ulus - Head of Treasury & Markets, Bank Islam Brunei Darussalam
- Sandeep Singh - Country Head - Malaysia & Chief Executive Officer, Franklin Templeton GSC Asset Management
- Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions
- Tariq Al-Rifai - Director, Islamic Market Indices, S&P Dow Jones Indices
- Tim Dillon - Commissioner, Southeast Asia, State Government of Victoria
- Usman Ahmed - Managing Director, Head, Global Islamic Banking Asia Pacific, Citibank
- Wan Saifulrizal Wan Ismail - Associate Director, Towers Watson
- Dr Younes Soualhi - Chairman, Shariah Board, Munich Re Retakaful
- Zainudin Ishak - Chief Executive Officer, HSBC Amanah Takaful
- Zukri Samat - Managing Director, Bank Islam Malaysia
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About REDmoney Events
REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.
REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.
TThe annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007 respectively. The Dialogues series has also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events. In 2022, we introduced the Islamic Sustainable Finance & Investment Forum, which was an enormous success, and will become a mainstay.
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