

30th May 2022, Hyatt Regency Olaya, Riyadh
#IFNKSA2022
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H.E. Talal Fouad Alhumoud, Deputy Governor for Investment, Saudi Central Bank
- Identifying important new opportunities for Shariah compliant sectors in the Kingdom: privatization, healthcare and the holy cities.
- Are there new opportunities for direct real estate investment and private equity by overseas investors in Saudi Arabia?
- Examining the success of the diversified fundraising program of the National Debt Management Center of the Ministry of Finance.
- The huge success of Saudi Aramco’s first international dollar Sukuk — why and how the deal was so successful.
- What options do hybrid or combination Sukuk offer issuers, particularly in asset-heavy industries such as oil and gas, and aviation?
- How do Tier 1 and Tier 2 Sukuk offer financial institutions a flexible, efficient and user-friendly way of satisfying regulatory capital requirements, and what do perpetual Sukuk structures offer such issuers?
- Beyond listed Sukuk: what are the opportunities presented by the private placement market?
- Developing the Saudi Arabian Sukuk market: regulation, hedging, risk and liquidity management instruments.
- Shariah compliant funding options for infrastructure and large-scale projects.
- Restructuring and refinancing Islamic capital market transactions in the Kingdom.
- Latest thinking on the application of the Murabahah structure to capital markets, with relevance to AAOIFI standards.
- With the demise of LIBOR, is SOFR a good alternative for the Islamic capital market?
Moderator:
Mohammed Paracha, Head of Middle East, Norton Rose Fulbright
Panelists:
Ahsan Ali, Managing Director and Head, Islamic Origination, Standard Chartered Saadiq
Altay Poyraz, Chief Operations Officer, Securities Clearing Center Company (Muqassa)
Dr Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board
Faisal Alosaimi, Co- CEO, Invesense Asset Management
Dr Hurriyah El Islamy, Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Husain Alkhaja, GCC Regional Director, DDCAP
Dr John Sandwick, General Manager, Safa Investment Services
Mashael Al-Otaibi, Head of Fixed Income and Treasury, Saudi Real Estate Refinance Company
Mike Tirman, Partner, Ice Miller
Dr Mohammed Ishaq Ali, Head of Equity Funds, ANB Invest
Rami Alsaihati, Senior Banker
Yazeed Almutawa, Director-Investment Banking, Al Rajhi Capital
- The dazzling prospects for global Islamic sustainable finance and investment in the Kingdom.
- The emergence and growth of renewable energy in Saudi Arabia: opportunities and funding options.
- The development of effective Islamic responsible funds and investment products.
- Exploring the potential for private sector financing of green infrastructure projects in the Kingdom.
- Understanding the structure and benefits of transition, sustainable and sustainability-linked investment products.
- The role of the Saudi Arabian financial regulators in the development of important sustainable investment regulatory, reporting and disclosure requirements.
- Fit for purpose: measuring the long-term benefit of green and sustainable financial investments.
- With ESG and sustainability continuing to grow in Islamic capital market issuance, when will we see the measurement of impact?
- Are sufficient issuers engaging with independent, third parties to measure green, sustainable and social credentials?
Moderator:
Dr John Sandwick, General Manager, Safa Investment Services
Panelists:
Abdul-Rahman Hammad, Regional Director – Middle East, IdealRatings
Ahsan Ali, Managing Director and Head, Islamic Origination, Standard Chartered Saadiq
Dr Hurriyah El Islamy, Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Maya Marissa Malek, CEO, Amanie Advisors
Muhsin Jeena, Client Director, Middle East and North Africa, Old Mutual Investment Group
Saliegh Salaam, Investment Manager, Old Mutual Investment Group
- The digitalization of Islamic financial services: what is working, what is viable and what is not? What do the answers to these questions mean for the evolution of Islamic financial services in Saudi Arabia?
- Does digitalization allow us to better address issues such as product authenticity and the minimization of uncertainty?
- Is the success of neobanks inevitable, and how will they change the market?
- How will the development, provision and distribution of digital Islamic financial services evolve in the near term?
- The importance of recent initiatives by Saudi Arabian regulators in creating an environment for the enhancement of the domestic financial services sector’s digital infrastructure.
- The likely effects of bank mergers on the digitization of Islamic financial services in Saudi Arabia.
- Evaluating regulator-fostered sandboxes: what is on offer, what is beneficial and how successful are initiatives?
- Beyond retail: developing and distributing effective and attractive Shariah compliant digital wealth management, investment and insurance products in the Kingdom.
- The development of systems and software for Islamic banks: driving scale, integrity and efficiency.
- The tangible benefits of peer-to-peer lending and equity crowdfunding: how these key technologies can be further applied to today’s Saudi Arabian banking and financial markets.
- How are stablecoins, non-fungible tokens, utility tokens, equity tokens and other digital assets being applied to Saudi Arabian financial markets?
- What is the potential for new and structured products based on cryptocurrencies for the domestic market: ETFs and complex leverage mechanisms such as DeFi?
Akmal Saleem, Managing Partner, Qadr Financial Partners
Asad Ahmed, Managing Director, Alvarez & Marsal
Lawrence Oliver, Director, Deputy CEO, DDCAP Group™
Dr Husam Yaghi, Group Vice-President, Mawarid Media and Communications Group
Khaled Alahli, Markets Director, Aion Digital
IFN KSA Dialogues Review

IFN KSA Dialogues 2022 Review
A detailed discussion followed on the ways in which Islamic finance can improve livelihoods and create prosperity in Saudi Arabia. The first session of the dialogue focused on identifying important opportunities for Shariah compliant sectors in the Kingdom and for direct real estate investment and private equity investment by overseas investors in Saudi Arabia. What is the latest thinking on the application of the Murabahah structure to capital markets, with relevance to AAOIFI standards? After the demise of LIBOR, is SOFR a good alternative for the Islamic capital market? Many more interesting topics were covered in the session....Read More
About the IFN KSA Dialogues
An Islamic banking and finance pioneer, with strong governmental support, Saudi Arabia’s Shariah banking industry held a 51.5% share of its domestic market, as of May 2022. The Kingdom showed no signs of slowing down, and with a well-established domestic debt market, it had the benefit of easily issuing local currency Sukuk.
IFN returned to Saudi Arabia for the eighth time to host a new and unique series of IFN Dialogues, exploring the hurdles and opportunities in one of the most active and influential markets in the Islamic financial world.
The IFN KSA Dialogues is a series of extended discussions amongst leading industry players, both domestic and international, to discuss and identify the Kingdom’s most pressing issues.
The three scheduled Dialogues focused on: Islamic Capital Markets, Banking, and Investment; The Convergence of Islamic and Sustainable Investing in the Kingdom; and the role Digital Innovation, Technology and FinTech will play in the KSA.
Dialogues Keynote

Dialogues Speakers

Abdul-Rahman Hammad
Regional Director - Middle East, IdealRatings
Ahsan Ali
Managing Director and Head, Islamic Origination, Standard Chartered Saadiq
Akmal Saleem
Managing Partner, Qadr Financial Partners
Altay Poyraz
Chief Operations Officer, Securities Clearing Center Company (Muqassa)
Asad Ahmed
Managing Director, Alvarez & Marsal
Dr Bello Lawal Danbatta
Secretary-General, IFSB
Faisal Alosaimi
Co- CEO, Invesense Asset Management
Dr Hurriyah El Islamy
Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Husain Alkhaja
GCC Regional Director, DDCAP
Dr Husam Yaghi
Group Vice-President, Mawarid Media and Communications Group
Dr John Sandwick
General Manager, Safa Investment Services
Khaled Alahli
Markets Director, Aion Digital
Lawrence Oliver
Executive Director, Deputy CEO, DDCAP Group™
Maya Marissa Malek
CEO, Amanie Advisors
Mashael Al-Otaibi
Head of Fixed Income and Treasury, Saudi Real Estate Refinance Company
Mike Tirman
Partner, Ice Miller
Dr Mohammed Ishaq Ali
Acting CEO, Bait Al-Maal Alkhaleeji
Mohammed Paracha
Head of Middle East, Norton Rose Fulbright
Muhsin Jeena
Client Director, Middle East and North Africa, Old Mutual Investment Group
Nabil A Issa
Partner, King & Spalding LLP
Rami Alsaihati
Rami Alsaihati
Saliegh Salaam
Investment Manager, Old Mutual Investment Group
Yazeed Almutawa
Director-Investment Banking, Al Rajhi CapitalAdvisory Board

Ahmadou Kane
Senior Manager, Legal Transaction Team Risk, Legal and Compliance (ITFC)
Amna Usman
Legal Advisor and Head of Corporate Department, Trabulsi & Co
Dr Mohammed Ishaq Ali
Acting CEO, Bait Al-Maal Alkhaleeji
Nabil A Issa
Partner, King & Spalding LLP
Dr Nader Naifar
Professor of finance, Imam University; Riyadh- Saudi Arabia
Saliegh Salaam
Investment Manager, Old Mutual Investment Group
Toseef Azid
Professor, College of Business and Economics, University of Qassim, Saudi ArabiaIn The News

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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, panellists 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.
The annual IFN Asia Forum has been the biggest event in the industry since its inception in 2006, attracting over 1,000 delegates annually. An annual line-up of Forums are also conducted across emerging markets and key jurisdictions. Included under REDmoney Events are the IFN Awards Ceremonies, which take place annually in Dubai and Kuala Lumpur, and attract more than 800 industry leaders.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.