About The Dialogues
An Islamic banking and finance pioneer, with strong governmental support, Saudi Arabia’s Shariah banking industry holds a 51.5% share of its domestic market. The Kingdom shows no signs of slowing down, and with a well-established domestic debt market, it has the benefit of easily issuing local currency Sukuk.
IFN returns 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 will focus 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.Attend Physically
Only limited seating is available for the IFN KSA Dialogues 2022, which will be offered on a strictly first-come-first-served basis to senior relevant industry practitioners.
An Introduction to 2022
2022 – READY TO REBOOT
The past two years have been difficult for many. For the first time in almost a century, the world ground to a halt, meaning minimal physical interaction, and a shuddering halt to B2B events as we knew them.
At REDmoney, we went online, building a new platform allowing us to deliver virtual events to our readers and followers around the world. And, although OnAir events don’t allow for face-to-face meetings and that personal interaction we all enjoy, there’s very much a place for them moving forwards, and this is recognized through the IFN OnAir Roadshow visiting a series of key markets in 2022.
However, with the opening of core markets and people returning to offices, we’re delighted to announce our 2022 physical Forum line-up too.
And, with our exclusive OnAir platform and the REDmoney.live portal, all physical forums will also be aired live to a global audience. This means larger audiences and greater participation, which is great news for all involved.
We begin with our coveted Awards Ceremonies in Dubai and Kuala Lumpur, serving their respective markets, followed by events in Nigeria, United Arab Emirates, United Kingdom, Malaysia, Indonesia, Oman, and Saudi Arabia.
H.E. Talal Fouad Alhumoud, Deputy Governor for Investment, Saudi Central Bank
9.30 – 11.30
Dialogue One: Shariah Compliant Asset Management and Islamic Capital- Raising in Saudi Arabia
- 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?
Mohammed Paracha, Head of Middle East, Norton Rose FulbrightPanelists:
Dr Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board
Dr Hurriyah El Islamy, Executive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Dr Issam Al Tawari, Founder and Managing Partner, Newbury Consulting
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 I Ali, Head of Equity Funds, ANB Invest
11.30 – 12.00
Coffee and Networking
12.00 – 14.00
Dialogue Two: Islamic Sustainable and Responsible Investing in Saudi Arabia
- 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?
Khaled Al Aboodi, Managing Partner, Sustainable Finance Solutions
Dr Mohammed Alyami, Director, Development Effectiveness Department, The Islamic Corporation for the Development of the Private Sector
Dr Muhammad Bilal, Research Economist, General Council for Islamic Banks and Financial Institutions (CIBAFI)
Rizwan Malik, Head – Standards Implementation and Strategic Developments, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
Saliegh Salaam, Investment Manager, Old Mutual Investment Group
14.00 – 14.45
14.45 – 16.45
Dialogue Three: Digital Assets, Digitalization and the Evolution of Islamic Financial Services
- 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 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?
Asad Ahmed, Managing Director, Alvarez & Marsal
Dr Husam Yaghi, Group Vice-President, Mawarid Media and Communications Group
Khaled Al Ahli, Markets Director, Aion Digital
Naveed Minhas, Chief of Venture Development, Riyad Capital
Asad AhmedManaging Director, Alvarez & Marsal
Dr Bello Lawal DanbattaSecretary-General, Islamic Financial Services Board
Dr Hurriyah El IslamyExecutive Board Member, Badan Pengelola Keuangan Haji (BPKH)
Dr Husam YaghiGroup Vice-President, Mawarid Media and Communications Group
Dr Issam AltawariFounder and Managing Partner, Newbury Consulting
Dr John SandwickGeneral Manager, Safa Investment Services
Khaled Al AboodiManaging Partner, Sustainable Finance Solutions
Khaled Al AhliMarkets Director, Aion Digital
Mashael Al-OtaibiHead of Fixed Income and Treasury, Saudi Real Estate Refinance Company
Mike TirmanPartner, Ice Miller
Dr Mohammed AlyamiDirector, Development Effectiveness Department, the Islamic Corporation for the Development of the Private Sector
Dr Muhammad BilalResearch Economist, General Council for Islamic Banks and Financial Institutions (CIBAFI)
Dr Mohammed I AliHead of Equity Funds, ANB Invest
Mohammed ParachaHead of Middle East, Norton Rose Fulbright
Naveed MinhasChief of Venture Development, Riyad Capital
Rizwan MalikHead – Standards Implementation and Strategic Developments, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
Saliegh SalaamInvestment Manager, Old Mutual Investment Group
H.E. Talal Fouad AlhumoudDeputy Governor for Investment, Saudi Central Bank
Ahmadou KaneSenior Manager, Legal Transaction Team Risk, Legal and Compliance (ITFC)
Amna UsmanLegal Advisor and Head of Corporate Department, Trabulsi & Co
Dr Mohammed I AliHead of Equity Funds, ANB Invest
Nabil A IssaPartner, King & Spalding LLP
Dr Nader NaifarProfessor of finance, Imam University; Riyadh- Saudi Arabia
Saliegh SalaamInvestment Manager, Old Mutual Investment Group
Toseef AzidProfessor, College of Business and Economics, University of Qassim, Saudi Arabia
In The News
April this year, which coincided with the holy month of Ramadan, saw a handful of landmark developments in different Islamic finance sectors, including the Sukuk and Takaful markets. The global...
Saudi Arabia made its third foray into the international capital market this year with its latest offering: a dual-tranche issuance featuring a US$2 billion…
The Saudi cabinet has approved the establishment of two digital banks, one of which has confirmed that it will operate in compliance with Shariah law…
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.