About the Event
Islamic finance in Pakistan has come a long way since its introduction in the 1970s. With a Muslim population of almost 200 million and increasing demand for Shariah compliant banking products from the grassroots level, there is no doubt that the republic's Islamic finance sector could prove to be a sound contender against flourishing Islamic finance markets such as Malaysia, Indonesia and Saudi Arabia.
Supported by the State Bank of Pakistan, the Islamic Finance news Pakistan Roadshow 2012 will be held on Tuesday 4th September and will feature prominent players from around the world to share their knowledge and expertise within the Pakistani market.
Agenda
08:00 - 09:00
Registration and refreshments
09:00 - 09:15
Welcome Address
09:15 - 09:30
Opening Keynote Address by Chief Guest : Yaseen Anwar, Governor, State Bank of Pakistan
09.30 - 09.40
Special Presentation : Competing in the Islamic finance market: Pakistan's competitive advantage
Irfan Siddiqui, President & Chief Executive Officer, Meezan Bank
Irfan Siddiqui, President & Chief Executive Officer, Meezan Bank
09.40 - 10.30
Session One: Developments, Challenges & Opportunities in Islamic Finance in Pakistan
- Critical analysis of current Islamic banking practices and their long-term effects on the industry and economy
- Islamic banking vs conventional banking - streamlining clear-cut differences and advantages
- Understanding the need for Islamic banking for corporates in Pakistan and designing innovative solutions
- How to motivate entrepreneurs and corporates into Islamic finance?
- Importance of international players' knowledge transfer to local practices and vice versa
| Moderator: | Dr Zeeshan Ahmed, Associate Professor, Karachi School of Business & Leadership |
| Panelists: | Hasan A Bilgrami, Chief Executive Officer, BankIslami Pakistan Dr Muhammad Qaseem, Country Head of Shariah, Dubai Islamic Bank Pakistan Neil Miller, Global Head Islamic Finance, KPMG, UAE Shafqaat Ahmed, Chief Executive Officer, Al Baraka Bank ( Pakistan) Sirajuddin Aziz, President & Chief Executive Officer, HabibMetro Bank |
10:30 - 10:45
Presentation: Exploring the new territories - sharing of experience
Salman Younis, Former Chief Executive Officer, Kuwait Finance House, Malaysia
Salman Younis, Former Chief Executive Officer, Kuwait Finance House, Malaysia
10:45 - 11:15
Tea Break & Networking
11:15 - 11:30
Special Keynote Address
Mohammed Asif Arif, Commissioner-Insurance Division, Securities & Exchange Commission of Pakistan
Mohammed Asif Arif, Commissioner-Insurance Division, Securities & Exchange Commission of Pakistan
11:30 - 12:15
Session Two - Islamic Capital Markets and Products - Developments & Structures
- Discussing developments in existing products used in Pakistan
- Facilitating the issuance of corporate Sukuk in Pakistan
- Exploring the potential of joint-venture Sukuk transactions in Pakistan
- Exploring the potential of the Mudarabah sector in expansion of Islamic finance
- Islamic Mutual Funds: Dynamics and dynamism
- Maximizing liquidity, diversifying funding sources and educating investors
| Moderator: | Syed Amir Ali, Head of Investment Banking, Meezan Bank |
| Panelists: | Ishaq Shah, Head of Corporate, Ahmad & Qazi, Advocates & Legal Consultants Muhammad Shoaib Ibrahim, Chief Executive Officer and Managing Director, First Habib Modaraba Mujeeb Beig, Senior Vice President and Head Product Development & Research - Islamic Banking Group MCB Bank Mufti Najeeb Khan, Shariah Advisor, Habib Metropolitan Bank |
12:15 - 13:00
Session Three: Islamic Finance: Penetration in the Microfinance, SME and Agriculture sectors
- Is Islamic financial modes/products a natural solution for microfinance, agriculture and SME sectors?
If YES, why the growth has not yet made its mark? - Establishment of a centralized Shariah board for the microfinance institutions
- Potential of introducing Takaful as a catalyst for financial inclusion i.e. for agriculture/SME/micro finance sectors
- Developing linkages with local and international institutions like ICD/IDB & SME Business Support Fund etc. for developing SME sector
- Discussing the future roadmap of Islamic finance for creating its strong impact at the grass root level
| Moderator: | Zulfikar Ali Khokhar, Additional Director, Islamic Banking Department, State Bank of Pakistan |
| Panelists: | Ahmed Ali Siddiqui, Executive Vice President & Head Product Development & Shariah Compliance, Meezan Bank Azeem I Pirani, Regional Manager, Pakistan, FWU AG Mufti Irshad Ahmad Aijaz , Shariah Adviser & Member of Shariah Supervisory Board, BankIslami Pakistan Muhammad Ashraf Khan, Executive Director, Development Finance Group, State Bank of Pakistan Nadeem Hussain, President & Chief Executive Officer, Tameer Microfinance Bank |
13: 00 - 14:00
Lunch
14.00 - 14.30
Case Study: KotAddu Power Company 1.5 Billion Pakistan rupee short-term Sukuk
Issuer : Mohtashim Aftab, Chief Financial Officer, Kot Addu Power Company (KAPCO)
Financier : Syed Amir Ali, Head of Investment Banking, Meezan Bank
Counsel : Ishaq Shah, Head Corporate, Ahmed & Qazi, Advocates & Legal Consultants
Issuer : Mohtashim Aftab, Chief Financial Officer, Kot Addu Power Company (KAPCO)
Financier : Syed Amir Ali, Head of Investment Banking, Meezan Bank
Counsel : Ishaq Shah, Head Corporate, Ahmed & Qazi, Advocates & Legal Consultants
14.30 - 14.45
Presentation: Exploring the growth of the Takaful market in Pakistan
Muhammad Kashif Siddiqee, Joint Director - Insurance Division, Policy, Regulation & Development Department, Securities & Exchange Commission of Pakistan (SECP)
Muhammad Kashif Siddiqee, Joint Director - Insurance Division, Policy, Regulation & Development Department, Securities & Exchange Commission of Pakistan (SECP)
14:45 - 15:00
Presentation: Discussing the possibilities of Hedging in Islamic Finance
Habib Motani, Partner, Clifford Chance LLP
Habib Motani, Partner, Clifford Chance LLP
15:00 - 15:45
Session Four - Crucial Steps to Take Pakistan's Islamic Finance to the Next Level
- Identifying Pakistan's competitive advantage to compete in the Islamic finance market
- Discussing the role of the regulator and government in facilitating the growth of Islamic finance
- Necessary taxation reforms for Islamic financial products
- Role of Shariah rating and shari'ah audit in enhancing credibility
- A glimpse into the future: What are the positive changes in Pakistan's Islamic finance, that we expect to see in the next 2-3 years?
| Moderator: | Dr Zeeshan Ahmed, Associate Professor, Karachi School of Business & Leadership |
| Panelists: | Bilal Rasul, Director, Enforcement, Securities & Exchange Commission of Pakistan M A Mannan, Executive Director, Silk Bank Mufti Ehsan Waquar Ahmad, Shariah Advisor, United Bank Limited Omar Mustafa Ansari, Partner, Islamic Financial Services, Ernst & Young Ford Rhodes Sidat Hyder Saleem Ullah, Director, Islamic Banking Department, State Bank of Pakistan |
15:45 - 16:15
Special Closing Address by : Dr Ishrat Hussain, Director, Institute of Business Administration (IBA) & Ex-Governor, State Bank of Pakistan
16:15 - 17:00
Networking and Refreshments
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Confirmed Speakers
- Yaseen Anwar - Governor, State Bank of Pakistan
- Dr Ishrat Hussain - Director, Institute of Business Administration (IBA) & Ex-Governor, State Bank of Pakistan
- Ahmed Ali Siddiqui - Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
- Azeem I Pirani - Regional Manager, Pakistan, FWU AG
- Bilal Rasul - Director (Enforcement), Securities & Exchange Commission of Pakistan
- Habib Motani - Partner, Clifford Chance
- Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan
- Irfan Siddiqui - President & Chief Executive Officer, Meezan Bank Ishaq Shah - Head of Corporate, Ahmad & Qazi, Advocates & Legal Consultants
- M A Mannan - Executive Director, Silk Bank
- Mohammed Asif Arif - Commissioner, Insurance Division, Securities & Exchange Commission of Pakistan
- Mohtashim Aftab - Chief Financial Officer, Kot Addu Power Company (KAPCO)
- Mufti Ehsan Waquar Ahmad - Shariah Advisor, United Bank Limited
- Mufti Irshad Ahmad Aijaz - Shariah Adviser & Member of Shariah Supervisory Board, BankIslami Pakistan
- Muhammad Ashraf Khan - Executive Director, Development Finance Group, State Bank of Pakistan
- Muhammad Kashif Siddiqee - Joint Director, Insurance Division, Policy, Regulation & Development Department, Securities & Exchange Commission of Pakistan
- Dr Muhammad Qaseem - Country Head of Shariah, Dubai Islamic Bank Pakistan
- Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
- Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group MCB Bank
- Nadeem Hussain - President & Chief Executive Officer, Tameer Microfinance Bank
- Mufti Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank
- Neil Miller - Global Head Islamic Finance, KPMG, UAE
- Omar Mustafa Ansari - Partner, Islamic Financial Services, Ernst & Young Ford Rhodes Sidat Hyder
- Saleem Ullah - Director, Islamic Banking Department, State Bank of Pakistan
- Salman Younis - Former Chief Executive Officer, Kuwait Finance House, Malaysia
- Shafqaat Ahmed - Chief Executive Officer, Al Baraka Bank ( Pakistan)
- Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
- Syed Amir Ali - Head of Investment Banking, Meezan Bank
- Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
- Zulfikar Ali Khokhar - Additional Director, Islamic Banking Department, State Bank of Pakistan
Photos
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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