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IFN Australia Forum 2018

27th March 2018
King & Wood Mallesons, Sydney

#IFNAustralia18

About The IFN Australia Forum

After a five-year hiatus, IFN is excited to be back in Australia once again as interest Down Under swells and Shariah investment flows increase.

The country may still be lacking in dedicated Islamic finance laws; however, its stability, as proven by its unbroken record of continued economic expansion over the last 26 years and lucrative real estate sector, has attracted strong interest from Shariah investors from Southeast Asia and the Middle East. Malaysia’s Lembaga Tabung Haji is one of the biggest Islamic investors into the country but more institutional investors from the likes of the UAE and Saudi Arabia are also eyeing a slice of the Australian property pie. To cope with the demand, the very first Islamic bank Australia project is currently underway by IBA Group with intention to offer both Shari'ah compliant retail banking and invest-linked retail and fund management products and services, compliant with Shariah governance and Australian regulatory rules. This is a significant initiative to facilitate and enhance Shariah compliant banking and finance in Australia.

The Shariah rush into the Australian property market may be relatively recent; however, the buildup for Islamic investments has long been in the making on the domestic front. Housing the largest funds under management in the world after the US and Luxembourg, Australia is home to a growing number of Shariah compliant investment funds; experts forecast the Islamic investment fund industry to grow up to US$22 billion by 2020. Shariah compliant mortgages continue to gain positive traction so much so that Australia’s largest banks are also designing Muslim-friendly products to cater to this burgeoning market.

In the backdrop of rising local and international demand for Islamic financial products and proactive measures by market participants – both domestic and foreign – to meet this demand, IFN is proud to be returning to Australia to host regulators, senior industry players and key stakeholders to explore and engage in construction discourse on Australia’s Islamic finance sector.

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Forum Agenda

09:00 – 09:05

Opening Remarks

09:05 – 09:15

Welcome Remarks

Chaaban Omran  – CEO, Islamic Financial Services Council of Australia (IFSCA)

09:15 – 09:30

Keynote Address

Professor Dr John Hewson  – Board Member, IBA Group (former Opposition Leader of Australia)

09:30 – 10:20

Shariah Compliant Investment Opportunities in Australia: Where do we stand now?

  • Australian regulatory constraints and entry barriers hampering the growth of Islamic financial products and services
  • Vexed taxation and compliance issues facing the nascent industry in Australia and other countries with Muslim minorities
  • Why competition remains a real problem for many Islamic finance providers operating either as mortgage brokers or tightly controlled financial intermediaries without the ability to raise funds in the money market.

Moderator:

Muzzammil Dhedhy – COO, Hejaz Financial Services

Panelists:

Dr Abul Khair Jalaluddin – Director, Islamic Financial Services Council of Australia (IFSCA)
Almir Colan – 
Director, Australian Centre for Islamic Finance
Dale Rayner – 
Partner, King & Wood Mallesons
Professor Dr John Hewson  – 
Board Member, IBA Group (former Opposition Leader of Australia)

10:20 – 10:30

Presentation: Responsible Islamic Finance in Australia

Chaaban Omran  – CEO, Islamic Financial Services Council of Australia (IFSCA)

10:30 – 11:00

Coffee Break

11:00 – 11:50

Portfolio Construction and The Importance of Diversification

Moderator:

Mohamed Hage – Head of Research and Investments, CPG Research and Advisory Pty Ltd

Panelists:

Anthony Wamsteker – Chairman, IBA Group
Ariff Sultan – Regional Director – Asia, IdealRatings Inc
Hakan Ozyon – 
CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund
Hilton Wood – Chief Representative Officer, Doha Bank, Australia
Issam Eid – Portfolio Manager, Sigma Funds Management
Dr Rashid Raashed – Chief, Sharia’h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group

11:50 – 12:20

Presentation: Further Growth and Opportunity in Shariah Compliant Investment Funds and Superannuation

  • Current Economic conditions and demand for Islamic financial products.
  • Difference between Islamic and conventional funds from the industry perspective.
  • Dynamic Global opportunities for funds with Ethical and Sharia overlay.

Hakan Ozyon – CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund

Presentation Slides Here

12:20 – 12:30

Presentation: Islamic Banking and Finance in Australia; A dynamic Alternative to their Conventional Peers

Dr Rashid Raashed – Chief, Sharia’h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group

12:30 – 13:30

Islamic Real Estate Investment, Property and Construction Finance

  • Indicative of greater Islamic investment interest in the Australian property market, the year saw the arrival of leading ethical real estate.
  • Also, broader interest in the Australian real estate market from a number of other Middle East and Southeast Asian investors, and further Shariah compliant property transactions, particularly in the commercial property space, are expected.

Moderator:

Mahanoor Hassan Khan  – Operations Manager, Islamic Cooperative Finance Australia Ltd

Panelists:

Ariff Sultan – Regional Director – Asia, IdealRatings Inc
Chaaban Omran  – 
CEO, Islamic Financial Services Council of Australia (IFSCA)
Christopher Aylward
 – Partner, Banking and Finance, Madison Marcus
Dr Imran Lum – Director, Islamic Capital Markets, National Australia Bank
Dr Muhammad M Khan – CEO, Halal Australia

13:30 – 14:30

Networking

14:30

End

Forum Speakers

Dr Abul Khair Jalaluddin

Dr Abul Khair Jalaluddin

Director, Islamic Financial Services Council of Australia (IFSCA)
Dr Abul Khair Jalaluddin
Dr Abul Khair Jalaluddin
Director, Islamic Financial Services Council of Australia (IFSCA)

Dr. Abul Jalaluddin is currently a Director of Islamic Financial Services Council of Australia (IFSCA). He received his Ph.D. in financial economics from the University of Wollongong; Maser of Taxation Law from the University of New South Wales; Master of Economics (Honours) and Bachelor of Economics (Honours) degrees from the International Islamic University Malaysia. He has professional experience in income tax, indirect tax, superannuation guarantee, self-managed superannuation funds, taxation of Islamic finance, university level teaching and research.

He has published many papers on economics and finance in scholarly journals including the Economic Papers (published by the Economics Society of Australia), The Middle East Business and Economic Review and Indonesian Management and Accounting Research Journal. He also authored 2 books entitled “Profit/loss Sharing Method of finance: An Empirical Study in a western Country” and “Role of Government in an Islamic Economy.”

He presented research papers on economic and financial issues in international seminars/conferences in different countries including Australia, UK, Malaysia, Qatar and Bangladesh. His professional and research interests include taxation, Islamic Finance, Islamic Superannuation, Islamic Insurance (Takaful) and Financial Economics.

Almir Colan

Almir Colan

Director, Australian Centre for Islamic Finance
Almir Colan
Almir Colan
Director, Australian Centre for Islamic Finance

Almir Colan is a Director of Australian Centre for Islamic Finance (AUSCIF), Director at Awqaf Australia and Board member at Garden College. Almir is also an adviser to number of institutions that provide Islamic finance and member of a working group at AAOIFI.

Ariff Sultan

Ariff Sultan

Regional Director - Asia, IdealRatings Inc
Ariff Sultan
Ariff Sultan
Regional Director - Asia, IdealRatings Inc

Ariff Sultan joined IdealRatings in 2012 as Regional Director – Asia and is responsible for the business in this region. IdealRatings is a solution provider for Islamic Capital Markets for Asset Management and also for the Responsible Finance / Environment, Social and Governance (ESG) sectors.

Prior to this, Ariff was the Regional Director for Russell Indexes and Dow Jones Indexes, and was responsible for developing their businesses in the Asian market, both for the conventional and Shariah index sales.

He has 17 years of experience in financial and banking software sales, successfully selling into APAC and the Middle East financial institutions. He has worked with the leading financial software providers including London Bridge Group, Fair Isaac and Callatay & Wouters and Misys. Prior to his sales career, Ariff started his career as a software developer and project manager for financial software applications with Deloitte and Touché and subsequently with OCBC Bank in Singapore.

Ariff Sultan was admitted to the degree of Master of Business (IT) with RMIT University, Melbourne, Australia in 1995. He also attained the Diploma in Islamic Banking and Finance in 2003 from the International Islamic University of Malaysia (IIUM). Ariff Sultan has been a speaker and moderator at Conferences, find below the list of conferences and events he has participated in.

  • Conference Speaker and Moderator at the following Seminars & Conferences
    • Islamic Finance News events (2009 – current)
    • Islamic Banking & Investment Asia/Middle East Congress 2016: Singapore
    • IFAM, Singapore (2013-15)
    • WIEF Kuala Lumpur (2015)
    • GASCIA, Singapore (2012-14)
    • KLIFF 2010, Kuala Lumpur (2010, 2015)
    • South Asia Federation Exchanges Conference, Mauritius (Apr 2010)
Chaaban Omran

Chaaban Omran

CEO, Islamic Financial Services Council of Australia (IFSCA)
Chaaban Omran
Chaaban Omran
CEO, Islamic Financial Services Council of Australia (IFSCA)

Chaaban Omran is a pioneer in Islamic Finance in Australia. Chaaban is the former Managing Director of MCCA, former CEO of Crescent Wealth, former COO Quordoba Investments where Chaaban was instrumental in the formation and development of their Australian Financial Services Licenses. Chaaban has a career in Superannuation & Investments spanning 25 years where he has worked at AMP, MLC, IOOF and Perpetual in senior capacities. Chaaban is the current CEO of the Islamic Financial Services Council of Australia and has been a regulator contributor to IFN News as the Australian correspondent.

Christopher Aylward

Christopher Aylward

Partner, Banking and Finance, Madison Marcus
Christopher Aylward
Christopher Aylward
Partner, Banking and Finance, Madison Marcus

Christopher Aylward is a partner and head of Banking and Finance at Madison Marcus Law Firm based in Sydney. His practice area spans both conventional and Shari’ah compliant project, syndicated and trade finance, property and construction finance, as well as banking regulatory and foreign investment. He acts for borrowers, lenders and other transaction participants.

Dale Rayner

Dale Rayner

Partner, King & Wood Mallesons
Dale Rayner
Dale Rayner
Partner, King & Wood Mallesons

Dale’s practice focuses on asset and structured finance, financial regulation and derivatives. He has acted on a number of Sharia compliant finance structures for banks, funds and sponsors in real estate and aviation deals in Asia and Australia.

Dr Imran Lum

Dr Imran Lum

Director, Islamic Finance, National Australia Bank
Dr Imran Lum
Dr Imran Lum
Director, Islamic Finance, National Australia Bank

Imran is a Director of Islamic Finance in the Private Capital Markets team at the National Australia Bank (NAB). His primary responsibility is building the Islamic finance capability for bank’s Corporate and Institutional Banking division. Prior to this, he was the national Product Manager for NAB’s multi-award winning Microenterprise Loans. Imran was appointed by the Foreign Minister to the Board of the Australia-ASEAN Council, Department of Foreign Affairs and Trade and he is an Advisory Board Member of the Islamic Museum of Australia. Imran is also an Honorary Research Fellow at the Institute for Religion, Politics and Society at the Australian Catholic University and the Founder of an online Arabic learning platform called arabicmadeinchina.com. In 2018, Imran was ranked in the top 500 who make the Islamic Economy by ISLAMICA 500.

Hakan Ozyon

Hakan Ozyon

CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund
Hakan Ozyon
Hakan Ozyon
CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund

Hakan is a seasoned and successful leader with a track record of producing, presenting and managing the implementation of innovative business solutions. Highly motivated with a proven ability to develop people and commercialise all aspects of a business. Experienced in converting every opportunity into success and of driving profit and growth. Well networked within the Islamic community as well as the broader Australian community and highly successful in implementing business process improvements, defining company direction, achieving goals, change and optimising business procedures.

Hilton Wood

Hilton Wood

Chief Representative Officer, Doha Bank, Australia
Hilton Wood
Hilton Wood
Chief Representative Officer, Doha Bank, Australia

Hilton has over 20 years of banking experience, working 15 years at Commonwealth Bank of Australia, a stint at Arab Bank Australia and in 2012 established the Sydney Representative office of Doha Bank. Hilton has held numerous positions, working across Operational, Product, Account Management, Sales and FI’s, roles including Global Head of Banking Partnerships, Head of International Business and to his current position as Chief Representative Officer.

Through Hilton’s banking career he has travelled extensively to the Middle East and maintains strong networks across the Banking, Government and Corporate sector. Hilton has previously served on the committees of the Australia Arab Chamber of Commerce and Industry, Australia Arab Business Council and is currently the Treasurer of the Overseas Bankers Association of Australia and on the board of the Canterbury-Bankstown Rugby League Referees Association.

Issam Eid

Issam Eid

Portfolio Manager, Sigma Funds Management
Issam Eid
Issam Eid
Portfolio Manager, Sigma Funds Management

Issam is a Portfolio Manager in Sigma’s small capitalisation investment team and has 22 years of experience in equity markets. Prior to being a Sigma foundation director, Issam was a Director of Credit Suisse Asset Management, based in Sydney and an investment manager in the Small Cap Australian Equity Team. Issam joined Credit Suisse from ING Australia Ltd where he was the Head of the Small Companies Fund. Prior to ING, during his 11 years at Macquarie Bank Limited he held risk management, dealing and portfolio management roles for Equities, Property Securities and was the Head of the Australian Small Companies Team when he left in 2004. Issam holds a Bachelor of Business, Accounting, Economics and Finance from the University of Technology Sydney and is a Chartered Financial Analyst.

Issam has also been involved as a co-founder and investor of a start- up investment wealth management business, Crescent Wealth, which is Australia’s first shariah compliant wealth and superannuation business. Issam was involved in the licensing, negotiating service provider contracts, product development and marketing, as well as being the portfolio manager of the Crescent Australian Equity Fund from 2011-16.

Professor Dr John Hewson

Professor Dr John Hewson

Board Member, IBA Group (former Opposition Leader of Australia)
Professor Dr John Hewson
Professor Dr John Hewson
Board Member, IBA Group (former Opposition Leader of Australia)

Dr John Hewson is one of Australia’s most experienced economists, financial experts and company directors. He is also a former politician and was the leader of the Liberal Party and leader of the Opposition from 1990 to 1994.

Since leaving politics, Dr John has forged a very successful career in investment banking and at the elite levels of business.

Dr John was the founding director of Macquarie Bank, chairman of ABN AMRO and dean of Macquarie of Graduate School of Management. Currently, he serves as a board Member of IBA Group and the chairman of the John Hewson Group; General Security Australia; Signature Gold;, Northern Metropolitan Cemeteries Trust for NSW Government; and Port Augusta Graphite Energy. He is also a professor of economics and finance at the Australian National University Canberra; a professorial fellow of Crawford School, Australian National University (ANU); a professor and chair of the Tax and Transfer Policy Institute, Crawford School, ANU; an adjunct professor of UTS Business School and a director of EG Funds Management, North Queensland Bio-Energy Corporation, Solastor Pty and other public and private companies.

With this background, Dr John offers audiences around the world a unique view of politics, economics and business. He has written columns, given hundreds of speeches/lectures at conferences around the world and appeared regularly as a radio and television commentator for nearly 35 years.

Mahanoor Hassan Khan

Mahanoor Hassan Khan

Operations Manager, Islamic Cooperative Finance Australia Ltd
Mahanoor Hassan Khan
Mahanoor Hassan Khan
Operations Manager, Islamic Cooperative Finance Australia Ltd

I have 16 years of customer service, high net worth customer acquisition & relationship management and sales of Islamic Banking as well as conventional products, customer and product portfolio management, service quality & process reengineering and customer service improvement projects from Standard Chartered Bank in Bangladesh and Singapore & The City Bank Ltd in Bangladesh. With these experiences in 10 different fields of Retail Banking Division, I have grown professionally equipped with hands-on involvement in acquisition, development and support of wide range of mainstream, Islamic banking as well as premium customer service & relationships and redesigning, repackaging & rewriting of products and processes.

I have done Economics Hons from Aligarh Muslim University, India and Masters of Business Administration (Marketing) from Institute of Business Administration, University of Dhaka, Bangladesh. During my 16 years of career I held the positions of Alternate Distribution Channels Manager, Branch Manager, Senior Asset Portfolio Manager, Head of Sales, Head of Governance & Projects, Head of Service Quality & Reengineering and Senior Vice President and Head of Retail Banking Products in Standard Chartered Bank and The City Bank Ltd Bangladesh from 2003 till 2014. Currently I am employed as Operations Manager of Islamic Cooperative Finance Australia Ltd.

Mohamed Hage

Mohamed Hage

Head of Investments and Research, CPG Research &Advisory Pty Ltd
Mohamed Hage
Mohamed Hage
Head of Investments and Research, CPG Research &Advisory Pty Ltd

Mohamed Hage is the Head of Research and Investments of CPG Research and Advisory. In this capacity, Mohamed oversees the investment research and strategy for CPG’s institutional and government clients.

He has built more than 15 years’ experience in many aspects of professional investment management, with leadership responsibility taken for multiple investment management and consulting roles. This includes responsibilities for global investment research, asset allocation, strategy and risk, portfolio construction, manager selection and portfolio management strategies.

Mohamed is widely endorsed for his experience in the areas of investment, portfolio construction and foreign direct investment having been nominated as one of five panelist that included sovereign wealth funds at the international Hedge Funds awards.

Mohamed is also the state Chairman of the Australian Arab Chamber of Commerce and Industry, the peak body of foreign investment and trade between Australia and the MENA region. He received the 2017 NSW Premiers medal for economic participation , recognizing outstanding success in fostering economic and investment activities for the state of NSW.

Mohamed obtained his graduate and post-graduate degrees in Commerce and Business with a specialisation in Finance and management.

Dr Muhammad M Khan

Dr Muhammad M Khan

CEO, Halal Australia
Dr Muhammad M Khan
Dr Muhammad M Khan
CEO, Halal Australia

A brief biography of Dr Muhammad M Khan Dr Muhammad M Khan has been serving in various capacities primarily in the following areas:

  • CEO & Director, Halal Australia, a Department of Agriculture accredited body to provide Halal certification for the export as well as domestic market since 2004.
  • Director, Marketing and Product Development (Since 2009), ICFAL, Australia
  • Chairman and Director (1998-2009), ICFAL, Australia
  • Co-ordinator and a key team player of the steering committee for proposed Islamic Co-operative Finance Australia Limited (ICFAL) and nominated as the chairperson in its successful launch during the formation meeting prior to its registration in 1998
  • Chairman & Director (Retired), Board of Trustees, Al-Barakah Welfare Trust Australia (Managing Quakers Hill Masjid – 2009-2017), an initiative of Blacktown Hills Islamic Centre since 1995), NSW Australia
  • Chairman & Director, Islamic Help Australia, UK based charity organisation (Since 2014)
  • Chairman & Director, BOD, Penny Appeal Australia, UK based charity organisation (Since 2015)
  • Active member of Muslim Community Co-operative Australia Limited (Since 1993)
  • Active Member of Muslim Investment Group, (1987-1992) Toronto, Canada
  • Executive Member, Muslim Students Association (1989-90), U of M, Canada
  • President, Bangladesh Students Association (1989-90), U of M, Canada
  • Vice President, BOD (1990-91), Univillage College Housing Co-operative (Managing 200 Apartments Complex), Winnipeg, Canada
  • Chairman, BOD, Univillage Housing Co-operative Society International Students Child Care Centre, (1990-1991) Winnipeg, Canada
  • Full financial member, Islamic Association of Western Suburbs (since 1992), Sydney Australia
  • Secretary & Treasurer, BOD, Australian Islamic College Sydney (1996-1997)

In addition, Dr Muhammad M Khan holds a PhD (DU), MSc in Food Science & Technology (U of M) and M.Pharm and B.Pharm (Hons) in Pharmacy (DU) and has had a professional career working in both the food and pharmaceutical industry for many years. He worked as a research associate as well as in the research and development area in both educational institutes such as UWS and the food industry such as Dairy Farmers. He also successfully completed his MSc and full term Course on Introduction to Economics (1986-87), University of Manitoba, Canada. He has been an international speaker and delivered speeches in the provision of Halal food and Islamic finance in many countries and is currently the chairman and director of the BOD of Halal Australia Trust. He is also the chief executive officer of Halal Australia, a nationally and internationally recognised Halal food, meat, pharmaceuticals and consumables products certification body. Halal Australia is a member of the Australian Govt. accredited Halal Consultative Committee under DAFF-Biosecurity Export Control Act 2005 and its regulation for the red meat industry sector. Dr Khan was the consultant for one of the largest Airline catering companies, Alpha Flight Services, and on behalf of Halal Australia, he had developed a total Halal quality assurance program for (namely) Alpha Flight Services that caters halal meals for Royal Brunei Airlines, MAS, Emirates, Etihad and Qatar Airways (2004-2012).

Muzzammil Dhedhy

Muzzammil Dhedhy

Chief Operating Officer, Hejaz Financial Services
Muzzammil Dhedhy
Muzzammil Dhedhy
Chief Operating Officer, Hejaz Financial Services

Muzzammil Dhedhy is an Islamic Scholar, Financial Adviser, Financial Counsellor and Mortgage Broker who is passionate about helping others build, manage, and protect their wealth, in an ethical and Sharia compliant manner.

Dr Rashid Raashed

Dr Rashid Raashed

Chief, Sharia'h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group
Dr Rashid Raashed
Dr Rashid Raashed
Chief, Sharia'h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group
  • Shri’ah graduate with Speciality in Hadith from Islamic University Patya Chittagong, Bangladesh.
  • Licentiate in Arabic and Islamic Studies, Islamic Call College, Tripoli, Libya.
  • M.A. the University of Sydney
  • Ph.D. on ‘Developments in the Legal Principles of Islamic Financial System”, Law School, Macquarie University, Sydney.
  • Teacher of Islamic Banking and Finance, Universiy Uttara Malaysia (UUM), Kedah
  • Director/Secretary, Islamic Bank Australia (IBA) Project (working towards being licensed) Sydney, Australia.
  • Shari’ah Scholar on dynamic compliance of Islamic financial laws in modern regulatory environment.

Advisory Board

Dr Akhtar Kalam, Chairman, Muslim Community Cooperative Australia (MCCA)

Almir Colan, Director, Australian Centre for Islamic Finance

Belinda Wright, Managing Director, Islamic Markets, Macquarie

Christopher Aylward, Partner, Banking & Finance, Madison Marcus

Hakan Ozyon, CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund

Jamie Ng, Partner, Ashurst

Dr Imran Lum, Director, Islamic Finance, National Australia Bank

Mohamed Hage, Head of Research and Investments, CPG Research &Advisory Pty Ltd

Muzzammil Dhedhy, Chief Operating Officer, Hejaz Financial Services

Dr Muhammad M Khan, CEO, Halal Australia

Dr Rashid Raashed, Chief, Sharia’h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA GroupDirector

Usman Siddiqui, Managing Director, Equitable Financial Solutions

Forum Partners

IN ASSOCIATION WITH

MULTILATERAL STRATEGIC PARTNERS

The Islamic Corporation for the Development of the Private Sector (ICD)

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The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.

The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.

The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).

ICD mandate and objectives

The ICD fosters sustainable economic growth in its 53 member countries by:

  • Financing private sector investment
  • Mobilizing capital in the international financial markets, and
  • Providing advisory services to business and governments.

The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.

The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.

FOR MORE INFORMATION

Tel: (966-12) 6361400; (966-12) 6441644

Fax: (966-12) 644 4427

Email: [email protected]

Website: www.icd-ps.org

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The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)

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Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries.

The ICIEC’s mission is to make trade and investment between member countries and the world more secure through the Shariah compliant risk mitigation tool. Its vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries.

The ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compliant insurance and reinsurance solutions.

Today, the ICIEC supports trade and investment flows in 47 member countries spanning across Europe, Asia, the Middle East and Africa. Its target clients are corporates (both exporters and investors), banks and financial institutions as well as export credit agencies and insurers.

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International Islamic Trade Finance Corporation

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The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. It was established with the purpose of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Earning an ‘A1’ rating from Moody’s Investors Service reflects the ITFC’s efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.

Since 2008, the ITFC has provided more than US$40.2 billion of trade financing to OIC member countries, making it the leading provider of trade solutions for the needs of OIC member countries. With a mission of being a catalyst for trade development among OIC member countries and beyond, the ITFC helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

 

Contact us at:

Twitter: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)

Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en

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Islamic Solidarity Fund for Development

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IsDB Group Business Forum (THIQAH)

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The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitates contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging the IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.idbgbf.org)

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PARTNERS

IdealRatings

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IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:

  • Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio.
  • REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines.
  • Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry.
  • Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and
  • Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.
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SUPPORTING ORGANISATION

NATIONAL MEDIA PARTNER

HOST MEDIA PARTNERS

MEDIA PARTNERS

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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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About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

Our Publications

  • Islamic Finance news
  • IFN Investor
  • IFN Sustainable
  • IFN Fintech

Recent Tweets

Islamic Finance News @ifn_news ·
17 Feb

We are pleased to welcome Mehdi Popotte, Portfolio Manager, Arqaam Capital, to the speaker line-up for the IFN Investor Middle East Forum 2025, taking place in Address Sky View, Dubai on 17th February 2025.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestorme2025/

Islamic Finance News @ifn_news ·
17 Feb

We are pleased to welcome Dr Imran Lum, Head of Islamic Finance, Business & Private Bank, NAB, to the speaker line-up for the IFN Investor Middle East Forum 2025, taking place in Address Sky View, Dubai on 17th February 2025.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestorme2025/

Islamic Finance News @ifn_news ·
17 Feb

We are pleased to welcome Gareth Lewis, Vice President, Partnerships and Enterprise, Fasset, to the speaker line-up for the IFN Investor Middle East Forum 2025, taking place in Address Sky View, Dubai on 17th February 2025.

FREE registrations now open:
https://redmoneyevents.com/event/ifninvestorme2025/

Islamic Finance News @ifn_news ·
14 Feb

We are pleased to welcome Ruslan Akhmedzyanov, Head of Transaction Advisory, Ypsilon Capital DIFC, to the speaker line-up for the IFN Investor Middle East Forum 2025, taking place in Address Sky View, Dubai on 17th February 2025.

FREE registrations:
https://redmoneyevents.com/event/ifninvestorme2025/

Instagram Photos

Join Baker McKenzie and the largest names in the i Join Baker McKenzie and the largest names in the industry and receive daily news and updates on the global Islamic finance industry.

Register now at: https://islamicfinancenews.com/subscribe/

#REDmoney #IFN #IslamicFinance #Finance #IFNSubscribenow #BakerMcKenzie
Join Azentio and the largest names in the industry Join Azentio and the largest names in the industry and receive daily news and updates on the global Islamic finance industry.

Register now at: https://islamicfinancenews.com/subscribe/

#REDmoney #IFN #IslamicFinance #Finance #IFNSubscribenow #Azentio
Join ATEL Capital Group and the largest names in t Join ATEL Capital Group and the largest names in the industry and receive daily news and updates on the global Islamic finance industry.

Register now at: https://islamicfinancenews.com/subscribe/

#REDmoney #IFN #IslamicFinance #Finance #IFNSubscribenow #ATELCapitalGroup
Join Asia Alliance Bank and the largest names in t Join Asia Alliance Bank and the largest names in the industry and receive daily news and updates on the global Islamic finance industry.

Register now at: https://islamicfinancenews.com/subscribe/

#REDmoney #IFN #IslamicFinance #Finance #IFNSubscribenow #AsiaAllianceBank
Presenting the 3rd Annual Global Shari'ah Majlis: Presenting the 3rd Annual Global Shari'ah Majlis: Transforming for a Better Tomorrow.

Explore pivotal topics with our esteemed speakers on 23rd October 2024, at Movenpick Hotel, Karachi - Pakistan.

Get ready for enlightening discussions at the intersection of faith and progress.

Register now to attend physically or to watch virtually at: https://redmoneyevents.com/event/global-shariah-majlis-2024/

Let's make a difference together. Don't miss out!

#StanChart #SaadiqIslamic #SCGlobalShariahMajlis2024
Tamweel Aloula, a digital financing company in Sau Tamweel Aloula, a digital financing company in Saudi Arabia, has completed its issuance of an Additional Tier 1 Capital Sukuk under its inaugural Sukuk program worth SAR500 million (US$133.05 million).

The issuance marks the first time such a program has been implemented by a non-banking financial institution in the Kingdom. Facilitating the transaction was Impact46, a Saudi investment and advisory firm which acted as the financial adviser and arranger, while legal counsel was provided by Norton Rose Fulbright.

https://www.islamicfinancenews.com/daily-cover-story-financing-company-issues-landmark-sukuk-for-non-banking-finance-sector-in-saudi-arabia.html

#REDmoney #IFN #IslamicFinance #Finance #SukukIssuance #ShariahCompliant #DigitalFinance #DebtCapitalMarkets #SMEFinancing #Tier1Capital #SaudiEconomy #HalalFinance #TamweelAloula #Impact46 #NortonRoseFulbright #SaudiExchange #SaudiCentralBank #SaudiArabia
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