About The Dialogues
With its deep Islamic roots and continuous Shariah finance focus, Saudi Arabia remains the world’s largest Islamic finance centers, housing over SAR3.1 trillion (US$825.99 billion) in Islamic finance assets and accounting for about one-third of global Shariah banking assets.
The Kingdom’s international repertoire is backed by an illustrious track record across the different segments of Islamic finance. It is the most prolific sovereign Sukuk issuer globally, responsible for 31.2% of total issuances in 2022; it has nurtured the world’s fastest-growing Shariah cooperative insurance industry, registering a year-on-year growth rate of 27% in 2022; and it has built one of the largest Islamic asset management sectors, holding 27.5% of the world’s Islamic assets under management, according to the IFSB.
The prospects are even brighter with Saudi Vision 2030 in the driving seat. The government expects investment activities to inject at least US$3 trillion into the national economy by 2030. It anticipates spending some US$2.6 trillion to fund its ambitious projects, while private consumption spending would hit US$1.3 trillion, resulting in a total injection of US$7.1 trillion in the next decade.
By 2030, investment contribution to GDP would likely increase from 22% in 2019 to 30%, catapulting Saudi Arabia to become one of the 15 largest economies in the world, further cementing its global Islamic finance hub aspirations.
It is in this vibrant backdrop, IFN is returning to Saudi Arabia with the highly successful IFN Dialogues series, exploring opportunities and challenges in one of the most influential Islamic finance markets globally, with market leaders in a conducive and highly curated Chatham House Rules setting.
Hosting extended panel discussions is an excellent idea. Topics can be discussed fully, often with panelists asking questions of each other, allowing deeper insights to emerge from the discussion.
The IFN Dialogues are a great opportunity to bring together key players in the industry to discuss critical topics for the development of the financial markets and the economy.
It was a very insightful session with practical issues faced by issuers, regulators and masters being discussed beyond academic discussion. It was thought provoking and insightful.
IFN has done it again. Getting together Islamic finance influencers to assure the free flow of ideas and information. This is how innovations in our field are born. Bringing in the financiers from GCC, Europe and Southeast Asia is a great recipe for the effective distribution of intellectual products. Kudos to the organizers for a perfectly assembled event
An Introduction to 2024
In 2023 we returned to a full in-person program, with record numbers at many of our events – a sign of normality returning to the events industry.
For 2024 we have curated a fantastic lineup consisting of our regular leading events, a return to some markets after a short hiatus, and the introduction of two intriguing Islamic investment events.
We run a mixture of Forums and Dialogues throughout the year, depending on what each market responds best to. Essentially, they’re very similar, with only the structure of the discussion being different. For a partner, there’s no difference.
Our focus remains on delivering the best experience possible for delegates, speakers and partners.
What to look out for in 2024:
- Awards Ceremonies: The IFN Awards are the most coveted in the industry and our two Awards Ceremonies in Dubai and Kuala Lumpur continue to gather the elite form the Islamic finance world.
- Investor Forums: New for 2024, these two large-scale Forums in Dubai and Kuala Lumpur coincide with the launch of our new IFN Investor platform and will provide the perfect setting to discuss and debate the rapidly developing global Islamic investment space.
- UK Forum: Europe’s largest, longest running and most influential Islamic finance event will again return to the glorious Mansion House, under the patronage of the Lord Mayor of London. A truly global event, with key focusses on investment flows, sustainable, product development and Fintech.
- Oman Forum: This is the only annual international Islamic finance event in the stunning Sultanate, and one not to miss if Oman is on your radar. Full regulatory support, and all local banks and intermediaries are in attendance.
- Qatar Dialogues: In partnership with the Qatar Financial Centre, we’ll continue the discussion on the development of Islamic finance in the State and its important role in the global markets.
- Asia Forum: Our flagship event, the IFN Asia Forum is the largest Islamic finance focused event anywhere. Covering all markets and sectors in the region, if Asia is in your plans, this event is a must.
- Indonesia Dialogues: Still the world’s largest Muslim population with massive potential, this is the only international Islamic finance event in the island nation. Opportunities are rife and we’re now witnessing seismic changes in the Islamic finance landscape.
- Turkiye Dialogues: Returning to Istanbul with a physical event for the first time since 2019, we’ve been following from afar the phenomenal growth and development of the Islamic finance industry in the Republic. There’s much to discuss and we’d be delighted if you joined us.
- Saudi Arabia: Saudi Arabia remains the world’s largest Islamic finance center and an important market for IFN. This marks our 12th KSA event where we'll be discussing and debating how the Kingdom can build on its dominance and the role Islamic finance will play towards Saudi Vision 2030.
- Bahrain: Rounding off the year again in beautiful Bahrain for the World Islamic Finance Dialogues, in partnership with the Central Bank of Bahrain, we’ll be reviewing the year just past, previewing the year ahead and discussing the global industry at large.
As always, all Forums will be recorded and posted online for all to view, and all events will be complemented by a comprehensive Post Event Review. .
We’re excited for the new year and look forward to welcoming you to our events and assisting in the continued global growth of the Islamic financial markets.
In The News
The Saudi sovereign wealth fund launched its inaugural international Sukuk and Nigeria issued its sixth sovereign Islamic paper. Egypt plans...
The Saudi Islamic insurance sector continues to consolidate as two other operators have merged…
The Previous IFN KSA Dialogues
IFN KSA Dialogues 2023
The Kingdom of Saudi Arabia, whose Vision 2030 objectives prominently feature the advancement of Islamic finance, maintains its position as the world’s largest holder of Islamic financial assets. The Kingdom continues to prioritize Islamic finance with initiatives that incentivize the sector and recognize innovation. In the past year, the Saudi government has reaffirmed its aim to become a global Islamic finance hub by 2030.
The domestic Islamic banking sector has seen significant change in recent years, with bank mergers creating large, well-capitalized financial institutions with regional ambitions. The Kingdom has a thriving Islamic fintech scene, with nine fintech companies licensed by the central bank, all of which provide Islamic solutions. After four years of detailed planning, one of the three digital bank licensees plan to launch operations shortly.
The Saudi Arabian Islamic capital market continues to burn bright. Since overtaking Malaysia as the world’s biggest Sukuk issuer, Saudi Arabia has completed numerous significant Sukuk issuances, including the US$6 billion debut deal from Saudi Aramco and a US$750 million sustainable Sukuk facility from the newly merged SNB. The Kingdom is home to the largest number of Islamic funds worldwide, holding 34% of total Islamic fund assets under management. The Saudi Exchange lists 252 mutual funds and 17 Islamic REITs, and the Kingdom is featured in the MSCI and FTSE Russell indices.
IFN returns to Saudi Arabia for the ninth time, with the second edition of our unique IFN Dialogues format, exploring opportunities and challenges in one of the most influential Islamic finance markets globally.
IFN KSA Dialogues are a series of extended conversations featuring leading industry players, identifying and analyzing key issues facing Islamic finance in Saudi Arabia. The two Dialogues focus on the growing influence of Islamic banking, finance and capital markets; and the role of private equity and direct investment in the development of strategic projects and infrastructure in the Kingdom.
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 cuttingedge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.
The 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 have also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events.
In 2024, we welcome the IFN Investor Forums, which coincide with the new IFN Investor portal.