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IFN CIS Forum 2017

14th March 2017
Rixos President Astana

#IFNCIS2017

About The IFN CIS Forum

The Commonwealth of Independent States (CIS) region has seen encouraging activity in recent years, including regulations– while the global market is also paying attention to the region as investors seek to diversify and tap new markets. The current geopolitical situation provides a further catalyst for the CIS region to develop its Islamic banking and finance capabilities.

A regional leader, Kazakhstan continues to make inroads in bringing Shariah compliant financing and banking by continuously working on bolstering the regulatory environment for Shariah finance by amending the legislation over the last few years. These amendments put Kazakhstan in a unique position within the CIS region as the only country with such progressive Islamic finance legislation, and could act as a catalyst for other CIS governments to consider following in Kazakhstan’s footsteps.

An increasingly important region for the industry and with vocalized support from multiple stakeholders, 2017 will see the second installment of IFN CIS Forum, this time in Astana, the capital of Kazakhstan, and the event is expected to draw market players and regulators from key Islamic finance markets globally and all CIS and Russia.

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Forum Agenda

08:00 – 09:00

Registration

09:00 – 09:10

Welcome Remarks

Dr Kairat Kelimbetov, Governor, AIFC

09:10 – 09:40

Keynote Address

Khaled Al Aboodi, CEO, Islamic Corporation for the Development of Private Sector (ICD

09:40 – 10:25

Clearing the Roadblocks to Mainstream Islamic finance in the CIS

The CIS countries are believed to hold a great potential for the industry but history tells us that large scale adoption is a slow transition, not a massive jump. What are the stepping stones that will be put in place to facilitate growth of Islamic finance in the region?

Moderator:

Baljeet Kaur Grewal, Managing Director, Sovereign Wealth Fund – Samruk Kazyna

Panelists:

Abdutalip Sultanov, President and the Chairman of the Board, Kyrgyz Stock Exchange, Kyrgyzstan
Behnam Gurbanzada, Counselor to the Deputy Chairman of the Board, Sberbank of Russia
Dr Bolat Zhamishev, Chairman, Kazakhstan Development Bank
Marina Epifanceva, Head of Information Analysis, Tatarstan Investment Development Agency, Russia
Prasad Abraham, COO, Al Hilal Bank, Abu Dhabi & Member of the Board of Directors, Al Hilal Bank, Kazakhstan

10:25 – 10:55

An Audience With Regional Financial Regulators

A look at how the legal and regulatory framework has evolved and what further changes are anticipated to encourage growth of Islamic finance activities

Moderator:

Michael Ryan, CEO, Qatar Financial Centre Regulatory Authority

Panelists:

Alexey Simanovsky, Adviser to the Governor, Central Bank of Russia
Nurlan Kussainov, CEO, AIFC Authority

10:55 – 11:25

Coffee & Networking

11:25 – 11:55

Inward Investment: From Agriculture to Infrastructure...

What investment opportunities the region’s got to offer the Islamic investment community in 2017? Why the CIS and not the rest of the world?

Moderator:

Narmukhan Sarybayev, Chairman of the Board, KazAgroProduct, Kazakhstan

Panelists:

Adil Utembayev, CEO, Kazakhstan Project Preparation Fund
Aidyn Tairov, CFO, Al Hilal Bank
Nurzhan Slamkulov, CEO, SK Leasing
Yerlan Baidaulet, Adviser to the Minister of Investments and Development, Kazakhstan
Zhenis Dulatov, Director of Microfinance Department, National Chamber of Entrepreneurs Atameken

11:55 – 12:25

Driving Regional Econ Dlpment through Shariah-compliant Capital Raising

How can IF facilitate development of regional resources in oil & gas, energy, agriculture and halal industry? How can CIS’s SMEs benefit from Shariah-compliant capital raising products?

Moderator:

Nadir Burnashev, Advisor to the Chairman of Board, Association of Financiers of Kazakhstan (AFK)

Panelists:

Daulet Abylkairov, Deputy Chairman, DAMU Entrepreneurship Development Fund
Elena Gupalo, Chairman, Zaman Bank
Saeed Kharbash, Head of Strategy and Planning, Dubai Islamic Economy Development Centre (DIEDC)

12:25 – 13:10

This session looks into various approaches taken by established Islamic financial markets in setting up capital markets framework and discusses best ways of going ahead in the regional context.

Moderator:

Wayne Evans, Adviser International Strategy & Head of Islamic Finance, TheCityUK

Panelists:

Arsad Thinoon, Executive Director, Amundi Islamic, Malaysia
Cassim Docrat, Director, DDCap DIFC
Evgeniya Vinokurova, Head of Alternative Finance Division, Vnesheconombank, Russia
Linar Yakupov, President, Islamic Business and Finance Development Fund (IBFD Fund) & President, The Association of Regional Investment Agencies
Tahir Mahmood, Head of Business Development, Nasdaq Dubai

13:10 – 14:30

Luncheon

14:30 – 15:15

Human Capital as a Building Block to Industry Growth

A dearth in human capital, and leadership in particular, is one of the biggest challenges emerging Islamic financial markets face. Developing a generation of Islamic bankers and intermediaries must therefore be embraced not only by academics but also industry leaders and financial regulators.

Moderator:

Madina Kalimullina, Executive Secretary, Russian Association of Experts in Islamic Finance

Panelists:

Ernur Rysmagambetov, Head, AIFC Academy
Daniel Corrigan, Member of International Committee, Chartered Institute for Securities and Investment (CISI), UK
Mujtaba Khalid, Head of Islamic Finance Centre, Bahrain Institute of Banking and Finance (BIBF)
Dr Sofiza Azmi, CEO, Edbiz Consulting, UK
Ulrika Brunner, Director, Strategic Corporate Relations, Finance Accreditation Agency

15:15 – 15:30

Coffee & Networking

15:30 – 17:30

Workshop: Sukuk - An Alternative Asset Class

With Sukuk gaining popularity globally, the Sharia’a-compliant asset class offers new opportunities to government entities, financial institutions and corporates to raise funds to meet their liquidity requirements by broadening their investor base. An industry that is growing rapidly, Islamic finance is expanding in jurisdictions globally with Sukuk being a key part of the expansion. Whether asset-backed or asset-based, recent innovations have created templates of various Sukuk structures, providing issuers with a flexible route of structuring to meet their requirements.

Emirates NBD, Norton Rose Fulbright and Nasdaq Dubai are hosting a workshop in partnership with Astana International Financial Centre to cover key features and aspects of Sukuk and the Sukuk market. The session will provide an overview of how the Sukuk market has developed, explain some structures of Sukuk with case studies, and cover the process of issuing and listing Sukuk.

Forum Notable Speakers and Honorable Guests

BakhytSultanov

Bakhyt Sultanov
Minister of Finance, Republic of Kazakhstan

timursuleimenov

Timur Suleimenov
Minister of National Economy, Republic of Kazakhstan

kairatkelimbetov

Dr Kairat Kelimbetov
Governor, AIFC

khairovyerlan

Yerlan Khairov
Vice-Minister of Investments and Development, Republic of Kazakhstan

abdutalipsultanov

Abdutalip Sultanov
President and the Chairman of the Board, Kyrgyz Stock Exchange, Kyrgyzstan

assetissekeshev

Asset Issekeshev
Mayor of Astana City, Republic of Kazakhstan

abylkairovdaulet

Daulet Abylkairov
Deputy Chairman, Damu Entrepreneurship Development Fund

simanovsky

Alexey Simanovsky
Adviser to the Chairman, Central Bank of Russian

gulmiraisaeva

Gulmira Isaeva
Vice Minister of Agriculture, Kazakhstan

abdullabinsaoud

Sheikh Abdulla Bin Saoud Al-Thani
Governor, Qatar Central Bank

bolatzhamishev

Dr Bolat Zhamishev
Chairman, Kazakhstan Development Bank

drhussainalialabduallah

Dr Hussain Ali Al Abdulla
Chairman and Managing Director, Masraf Al Rayan

KhaledMohammedAl_Aboodi

Khaled Al Aboodi
CEO, Islamic Corporation for the Development of Private Sector

michaelryan

Michael Ryan
CEO, Qatar Financial Centre Regulatory Authority

abdulazizalialthani

Sheikh Abdulaziz Bin Ali Al-Thani
Head of Business Development Department, Qatar Investment Authority (QIA)

adelmustafawi

Adel Mustafawi
Group CEO, Masraf Al Rayan

mouradmekhail

Mourad Mekhail
Advisor to the Board, Kuwait International Bank

prasadabraham

Prasad Abraham
COO, Al Hilal Bank, Abu Dhabi & Member of the Board of Directors, Al Hilal Bank, Kazakhstan

stellacox

Stella Cox
Managing Director, DDCap, the UK

baljeetkaurgrewal

Baljeet Kaur Grewal
Managing Director, Sovereign Wealth Fund - Samruk Kazyna

minullina

Taliya Minullina
Chief Executive, Tatarstan Investment Development Agency, Russia

kussainov

Nurlan Kussainov
CEO, AIFC Authority

gupalo

Elena Gupalo
Chairman, Zaman Bank

arsadthinoon

Arsad Thinoon
Executive Director, Amundi Islamic, Malaysia

hamedali

Hamed Ali
CEO, Nasdaq Dubai

ahmed-al-qassim

Ahmed Al Qassim
CEO, Emirates NBD Capital, UAE

shayakhmetova

Umut Shayakhmetova
Chairwoman of Management Board, Halyk Bank

maghzanauezov

Magzhan Auezov
Chairman of the Management Board, Fortebank

maratkabayev

Marat Kabaev
President, International Association of Islamic Business (IAIB), Russia

gordonhaskins

Gordon Haskins
CEO, Al Hilal Bank Kazakhstan

Forum Speakers

  • Abdutalip Sultanov, President and the Chairman of the Board, Kyrgyz Stock Exchange, Kyrgyzstan
  • Adil Utembayev, CEO, Kazakhstan Project Preparation Fund
  • Alexey Simanovsky, Adviser to the Governor, Central Bank of Russia
  • Arsad Thinoon, Executive Director, Amundi Islamic, Malaysia
  • Asset Issekeshev, Mayor of Astana City, Republic of Kazakhstan
  • Bakhyt Sultanov, Minister of Finance, Republic of Kazakhstan
  • Baljeet Kaur Grewal, Managing Director, Sovereign Wealth Fund - Samruk Kazyna
  • Behnam Gurbanzada, Counsellor to the Deputy Chairman of the Board, Sberbank of Russia
  • Dr Bolat Zhamishev, CEO, Kazakhstan Development Bank
  • Daulet Abylkairov, Deputy Chairman, DAMU Entrepreneurship Development Fund
  • Elena Gupalo, Chairman, Zaman Bank
  • Ernur Rysmagambetov, Head, AIFC Academy
  • Evgeniya Vinokurova, Head of Alternative Finance Division, Vnesheconombank, Russia
  • George Littlejohn, Senior Advisor, Chartered Institute for Securities and Investment, UK
  • Gulmira Isayeva, Vice-Minister of Agriculture, Republic of Kazakhstan
  • Dr Kairat Kelimbetov, Governor, AIFC
  • Khaled Al Aboodi, CEO, Islamic Corporation for the Development of Private Sector (ICD)
  • Linar Yakupov, President, Islamic Business and Finance Development Fund (IBFD Fund) & President, The Association of Regional Investment Agencies
  • Magzhan Auezov, Chairman of the Management Board, Fortebank
  • Madina Kalimullina, Executive Secretary, Russian Association of Experts in Islamic Finance, Russia
  • Michael Ryan, CEO, Qatar Financial Centre Regulatory Authority
  • Mujtaba Khalid, ‎Head of Islamic Finance Centre, Bahrain Institute of Banking and Finance (BIBF)
  • Nadir Burnashev, Advisor to the Chairman of Board, Association of Financiers of Kazakhstan (AFK)
  • Narmukhan Sarybayev, Chairman of the Board, KazAgroProduct
  • Nurlan Kussainov, CEO, AIFC Authority
  • Prasad Abraham, COO, Al Hilal Bank, Abu Dhabi & Member of the Board of Directors, Al Hilal Bank, Kazakhstan
  • Saeed Kharbash, Head of Strategy and Planning, Dubai Islamic Economy Development Centre (DIEDC)
  • Dr Sofiza Azmi, CEO, Edbiz Consulting, UK
  • Stella Cox, Managing Director, DDCap, the UK
  • Tahir Mahmood, Head of Business Development, Nasdaq Dubai
  • Taliya Minullina, Chief Executive, Tatarstan Investment Development Agency, Russia
  • Timur Suleimenov, Minister of National Economy, Republic of Kazakhstan
  • Ulrika Brunner, Director, Strategic Corporate Relations, Finance Accreditation Agency
  • Wayne Evans, Advisor, TheCityUK
  • Yerlan Khairov, Vice-Minister of Investments and Development, Republic of Kazakhstan

Advisory Board

  • Abdutalip Sultanov, President and the Chairman of the Board, Kyrgyz Stock Exchange
  • Alibek Nurbekov, Director, Islamic Finance, Astana International Financial Centre (AIFC)
  • Assel Gilmanova, Partner, Sunberg&Company
  • Behnam Gurbanzada, Counsellor to the Deputy Chairman of the Board, Sberbank of Russia
  • Bilal Khan, Partner, Dome Advisory, UK
  • Edige Alpysbay, Managing Director, Amanie Advisors CIS
  • Kanat Abzalov, Head of Project Management, Development Bank of Kazakhstan
  • Kuralay Yeldesbay, CEO, Takaful Halal Insurance
  • Nadir Burnashev, Advisor to Chairman of Board, Association of Financiers of Kazakhstan (AFK)
  • Rinat Gabbasov, Director, Russian Center of Islamic Economics and Finance
  • Samir Taghiyev, Senior Regional Manager for the CIS, Islamic Development Bank (IDB)
  • Stella Cox‎, Managing Director, DDCap, UK
  • Talant Kerimbaev, Chairman, Association of Islamic Finance in Kyrgyzstan
  • Vladislav Zabrodin, Managing Partner, Capital Legal Services
  • Wayne Evans, Advisor, TheCityUK
  • Yerlan Baidaulet, Adviser to the Minister of Investments and Development, Kazakhstan
  • Yusuf Karsi, CEO, Kazakhstan Ijarah Company

Forum Partners

IN PARTNERSHIP WITH

MULTILATERAL STRATEGIC PARTNERS

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

Visit Website
In The News

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

Visit Website In The News

International Islamic Trade Finance Corporation

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In The News

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

Visit Website In The News

STRATEGIC PARTNER

EXECUTIVE PARTNERS

LEAD MEDIA PARTNER

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.

For any inquiries contact us

Our team will be glad to answer any questions you may have about this event.

Contact Us

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

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FREE registrations now open: https://redmoneyevents.com/event/ifninvestorasia2025/

Islamic Finance News @ifn_news ·
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Here are the top news of the industry this week, by IFN.

To read full article: https://www.islamicfinancenews.com/ifn-weekly-round-up-12th-18th-july-2025.html

Islamic Finance News @ifn_news ·
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We are proud to welcome Jersey Finance as Partner for IFN Investor Asia Forum 2025.

This event will take place on 25th September 2025 at Securities Commission Malaysia.

FREE registrations now open: https://redmoneyevents.com/event/ifninvestorasia2025/

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