08:00 – 09:15
Registration and Refreshments
09:15 – 09:30
Chairperson's Address Introduction
Mohammad Farrukh Raza – Managing Director, IFAAS
09:30 – 10:15
Session One: Islamic Finance in Morocco: Laying the Groundwork for Long Term Growth
- North Africa’s changing political landscape and its impact on the development of Islamic finance in Morocco
- Establishing Casablanca as North Africa’s Islamic finance hub: Does Morocco have the political will to succeed
- Significance of the new banking rules on establishing Morocco’s Islamic finance sector
- Entry of foreign banks into Morocco’s Islamic finance sector — regulations, ease of entry, bank ownership rules
- How will the introduction of participation banking alleviate the sluggish growth of the financial services industry
- Pursuing investment flows from key trading partners: How can Morocco distinguish itself from its competitors
Boubkeur Ajdir – Director of France, North and West Africa Business, IFAAS Group
Mohammed Ghiyath Sheikhah – Head of Local & International Investments, Treasury & Investments, QIIB
Youssef Baghdadi – Chairman of the Board, Dar Assafaa
10:15 – 10:45
Presentation: Key Figures and Features of the Islamic Finance Market in Morocco
Boubkeur Ajdir – Director of France, North and West Africa Business, IFAAS Group
10:45 – 11:15
Break & Networking
11:15 – 12:00
Session Two: Developing a Regulatory Framework to Support the Sustainable Growth of Islamic Banking
- Vital considerations in creating a legislative framework and taxation regime aimed at advancing Islamic banking transactions
- Developing an enabling regulatory framework that will promote financial innovation
- Ensuring a collaborative strategy to encourage the success of both Islamic windows and fully fledged participation banks
- Can Islamic finance play a meaningful role in increasing banking penetration and intermediation?
- What does the absence of a comprehensive regulatory framework mean for potential Sukuk issuers
Alain Verbeken – Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg
Mohammad Farrukh Raza – Managing Director, IFAAS
Salima Bennani – Managing Director, Compensation Fund of Morocco
12:00 – 13:00
Lunch
13:00 – 13:45
Session Three: Crucial Steps to Advance Morocco’s Entrance into the Islamic Finance Market – Lessons Learnt from Matured Markets
- Vital considerations in setting up a Shariah board
- Emergence of foreign banks in the domestic Islamic finance space — what impact will this have on how the market develops
- Encouraging cross-border collaboration and facilitating market players’ knowledge transfer for further growth
- Examining critical issues affecting Islamic finance and steps to overcome them: Governance and risk, ratings, standardization of documents, harmonization of laws
Anas Jaffal – Consultant, IFAAS
Stella Cox – Managing Director, DDCAP group
13:45 – 14:30
Session Four: Developing a Robust Domestic and Regional Islamic Capital Market
- Increasing access to funding sources for Moroccan corporate and sovereigns through the development of a dynamic Islamic capital market
- Outlook for sovereign and corporate Sukuk issuances in 2013: What’s in the pipeline for Morocco
- The urgent need for a tax and regulatory framework and how issuers may sidestep regulatory impediments
- Developing Shariah compliant instruments to alleviate Morocco’s liquidity shortage
- How Islamic finance structures can facilitate funding infrastructure development in Morocco
Farid Mohamed Masmoudi – Business Development and Partnership Director, Islamic Corporation for the Development of the Private Sector (ICD)
Houda Chafil – Managing Director, Maghreb Titrisation
Laurence Toxe – Partner, Norton Rose Fulbright, France
14:30 – 15:15
Session Five: Assessing the Growth Potential for Shariah Compliant Retail and Commercial Banking and Takaful Products
- Developing Islamic retail banking products to stimulate Morocco’s underdeveloped retail banking sector
- Tapping the latent demand for Shariah compliant retail offerings: Discussing suitable structures and Shariah considerations
- Market outlook for private investment funds and wealth management products
- Identifying current trends and innovations in product structures globally and application in the Moroccan context
- Outlook for commercial banking products and Shariah compliant trade finance
- Initiatives and developments in Takaful and reTakaful – future growth prospects and challenges
Ahmed Tahiri Jouti – Member, Islamic Finance Project Team – Societe Generale
Khalil Labniouri – Commercial Director & Member of the board, Dar Assafaa
Said Amaghdir – Chairman, Moroccan Association for Participative Finance Professionals – Sharia Compliant (AMFP)
15:15 – 16:00
Networking