About The Forum
The 14th IFN UK Forum, the Islamic finance industry’s longest running and leading European event, will again be held in London, at Mansion House under the patronage of the Lord Mayor of London and fully supported by Her Majesty’s Government, TheCityUK and The City of London.
Quite simply, the annual IFN UK Forum is the most significant day for Islamic finance in Europe, attracting regulators and the industry elite from around the world in possibly the most historic and stunning venue available.
The IFN UK Forum will continue to uphold itself as a pillar of exchange of information, strategy, and growth in the Islamic finance sector for the UK, Europe and beyond through unparalleled expert panel discussions, private networking and exclusive dialogue sessions.
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.
9.05 – 9.15
9.15 – 9.25
Economic Secretary to the Treasury and City Minister, John Glen MP
9.25 – 10.45
Leaders’ Question Time: New Challenges - Islamic Finance’s Response
We pose a series of high-level strategic questions to senior representatives of the UK Islamic financial services industry. What is Islamic finance’s response to a rapidly shifting macro-economic environment, and will inflation lead to innovative Islamic financial solutions? What form and scale might this innovation take? How can UK Islamic finance and investment create a genuinely competitive advantage in key areas such as retail, commercial, corporate banking and wealth management? How are UK Islamic retail banks innovating customer acquisition and retention strategies, and how successful have these been? Are there inhibitions and limitations the Islamic financial services industry needs to acknowledge and overcome? Does Islamic finance want to become mainstream, or are we content with the alternative label? What’s working in financial technology, and who ultimately benefits: financial institutions, consumers, or both? Is technology being fully utilized to address key customer concerns surrounding authenticity and the minimization of uncertainty? Having witnessed the growth of ESG and sustainable finance, on reflection, are there things Islamic finance could have done differently?Panelists:
Mohammed Paracha, Head of Middle East, Norton Rose Fulbright
Richard Thomas, Managing Director, Sustainable Economy
10.45 – 11.15
Coffee & Networking
11.15 – 12.15
Technology and Marketplace Financing Roundtable: Digitalization and the Evolution of UK 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 UK Islamic financial services? What would assist domestic Islamic financial institutions in the further development of Islamic digital retail, wealth management, Takaful and pension offerings in the UK? What are notable milestones and achievements in the development of systems and software for Islamic banks and financial institutions and what technology is available to help financial institutions drive scale, integrity, efficiency and ultimately profitability? What opportunities are created by crowdfunding and peer-to-peer lending platforms for the joint ownership of Shariah compliant assets and investment projects in the UK? What does the growth of digital investment management platforms and robo-advisory mean for investment managers, and what new opportunities are available for Shariah compliant savers and investors? What are the potential uses and applications of digital assets in financial markets today, and how are these assets exchanged, listed and traded? Finally, does digitalisation allow us to better address issues such as product authenticity and the minimisation of uncertainty? We seek the views of an expert panel.Panelists:
Abdulkader Thomas, Group CEO, SHAPE™ Knowledge Services
Ayman Amin Sejiny, CEO, Islamic Corporation for the Development of the Private Sector (ICD)
Dr Farrukh Habib, Co-Founder, Alif Technologies
12.15 – 13.30
Building Momentum: Successfully Positioning Islamic ESG and Sustainable Finance and Investment in the UK
How do policymakers balance the fulfilment of energy demands with the achievement of the principal goals of COP26? Why is a united regulatory response to climate risk so important for the financial services industry, and how do we evaluate initiatives that encourage investors to channel capital and resources into sustainable economic activity, climate transition and social responsibility? How do we address the implications of various taxonomies, frameworks and standards, and identify what can now be labelled green investments? How can potential green bond and Sukuk issuers effectively connect issuances to internal sustainability frameworks, and what is the likelihood of a UK Sovereign green Sukuk? With ESG and sustainability continuing to grow in the Islamic capital markets issuance, when will we see the measurement of impact? Are sufficient issuers engaging with independent, third parties to measure green, sustainable and social credentials? Can we further exploit the convergence of sustainable finance and Islamic finance, and develop suites of investment products that satisfy both criteria?Panelists:
Craig Reeves, Director and Founder, Prestige Funds
Zalina Shamsudin, Head of International Programmes, Climate Bonds Initiative
13.30 – 14.15
14.15 – 15.30
Islamic Capital Markets: Fit for Purpose
What represents innovation in the contemporary Islamic capital market: pioneering structures, sourcing underliers, and the transition from ESG to Impact? What options do hybrid or combination Sukuk offer issuers, particularly in asset heavy industries, and why have such structures been so successful in the Gulf? 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? What does the Bank of England Alternative Liquidity Facility offer financial institutions in terms of meeting regulatory requirements under Basel III prudential rules? What did the second sovereign Sukuk mean for Islamic finance in the UK, how was the deal structured and why was it successful? How has innovation been incorporated into Islamic project and infrastructure finance, particularly regarding concession agreements, cash contributions and investor protection? With ESG and sustainability continuing to grow in the Islamic capital markets issuance, when will we see the measurement of impact? With the demise of LIBOR, is SOFR a good alternative for the Islamic Capital Market? We seek the views of an expert panel.Moderator:
Dr Natalie Schoon, CEO, Redmoney ConsultingPanelists:
Ahsan Ali, Managing Director and Head, Islamic Origination, Standard Chartered Saadiq
Nitish Bhojnagarwala, Vice President – Senior Credit Officer, Financial Institutions Group, Moody’s Investors Service
Robert Ward, Deputy Director, International Financial Services, HM Treasury
15.30 – 16.45
The Deployment of Shariah Compliant Capital in the UK: Trends and Opportunities
What are the global investment flows and trends that continue to influence the deployment of Shariah compliant capital in the UK today? What are recent significant developments in Shariah compliant private equity, and can we identify potential targets for private equity investment in the UK market? What are the latest opportunities and demands for Shariah compliant direct investment into the UK real estate markets? How significant is the private placement market in the UK Shariah compliant investment landscape? What structures are being employed to facilitate Shariah compliant investments in the UK, and what investment types and asset classes are in favour? Can we identify geopolitical events, international developments and transactions that may influence future investment trends, and what are other potential areas for the deployment of Shariah compliant capital in the UK market? We seek the views of an expert panel.Moderator:
Mike Tirman, Partner, Ice Miller
John Glen MPEconomic Secretary to the Treasury and City Minister
Abdulkader ThomasGroup CEO, SHAPE™ Knowledge Services
Ahsan AliManaging Director and Head, Islamic Origination, Standard Chartered Saadiq
Ayman Amin SejinyCEO, Islamic Corporation for the Development of the Private Sector (ICD)
Craig ReevesDirector and Founder, Prestige Funds
Dr Farrukh HabibCo-Founder, Alif Technologies
Mike TirmanPartner, Ice Miller
Mohammed ParachaHead of Middle East, Norton Rose Fulbright
Dr Natalie SchoonCEO, REDmoney Consulting
Nitish BhojnagarwalaVice President – Senior Credit Officer, Financial Institutions Group, Moody's Investors Service
Richard ThomasManaging Director, Sustainable Economy
Robert WardDeputy Director, International Financial Services, HM Treasury
Zalina ShamsudinHead of International Programmes, Climate Bonds Initiative
Faizal KarbaniFounder and CEO, Simply Ethical
Richard ThomasManaging Director, Sustainable Economy
Senior Advisor International Strategy, TheCityUKWayne Evans
Dr Scott LevyCEO, Bedford Row Capital
Umer SulemanGroup Head of Risk, Wahed
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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.