
19th November 2025
Riyadh
JOIN US IN
IFN KSA Dialogues 2025
The Kingdom of Saudi Arabia remains the leading Islamic banking and finance jurisdiction, with its Shariah banking sector holding a 74.9% share of the country’s total banking assets, 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 and it has nurtured the world’s fastest growing Shariah cooperative insurance industry. It has also built one of the largest Islamic asset management sectors.
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.
By 2030, investment contribution to GDP would likely increase 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 returns to Riyadh with the highly successful IFN Dialogues series, exploring opportunities and challenges with market leaders in a conducive and highly curated Chatham House Rules setting.
Since REDmoney events’s inception in 2006, we have always been at the cutting edge, delivering timely events in a format suited best to each market and sector.
IFN Dialogues were first introduced in Luxembourg in 2014. Since then, we have developed the concept and are delighted to bring this format to the more mature and developed markets, which prefer in-depth discussion and debate over the more traditional forum format.
IFN Dialogues offer an independent and impartial platform for the identification and resolution of specific issues, challenges and opportunities facing the industry through a high-level discussion designed to determine the potential development of a particular country, sector or asset class.
- Brokerage Firms
- Consultancies
- Corporate & Investment Banks
- Custodians
- Family Offices
- Financial Service Providers
- Fund Managers
- Institutional Investors
- Insurance & Takaful Companies
- Law Firms
- Multi Family Offices
- Pension Fund Managers
- Private & Wealth Managers
- Private Equity Firms
- Rating Agencies
- Real Estate Investment Co's
- Regulators
- Risk Management Firms
- Shariah Advisory Firms
- Sovereign Wealth Funds
- Stock Exchanges
- Trade Finance Companies
- Trustees
- UHNW and HNW Individuals
- Venture Capital Firms
“ 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. ”
Assistant professor of Islamic and sustainable finance, Hamad Bin Khalifa University
“ IFN Dialogues provide a valuable platform to share experiences, ideas and also to expand our network. Also, the new format in 2019 enabled constructive discussions. Thank you very much to the REDmoney team. ”
Senior Vice-President, Capital Markets, Investment Banking at Turkiye Kalkinma ve Yatirim Bankasi
“ Thank you and your colleagues for this very successful event. The way it was structured allowed a frank and progressive dialogue on a subject that the participants are anxious to see progress in Luxembourg, after a period of somewhat long stasis. It has enabled us to not only restart the dialogue among us and reconnect, but also hear what is done abroad, and the feelings and thinking of foreign practitioners. The presence of the minister and his obvious involvement lent a sense of empowerment. Finally, I found the Malaysian contribution invaluably useful. I look forward to the next conference in Luxembourg. ”
Senior Vice-Preident, Garanti Bank
“ We have long since come to expect that IFN Forums will provide an opportunity for discussion and debate of topical industry agenda. This year the inclusion of a series of focused, country dialogues has introduced another dimension. Amongst them, the Luxembourg Dialogue gave invited Islamic financial market participants and industry observers an unprecedented opportunity to connect, in open discussion, with senior practitioner counterparts from Luxembourg’s banking, capital markets and asset management sectors, as well as its regulators and leading providers of ancillary services. ”
Managing Director, DDCap
“ 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. A great initiative. ”
Senior director of asset management, Al Rayan Investment
IFN KSA Dialogues 2024 Program
9.10 – 9.15
Welcome Remarks
9.15 – 9.25
Presentation: Key Recent Developments in Shariah Compliant Financial Services in Saudi Arabia
9.25 – 9.35
Presentation Global Insights from South Africa: Shariah-Compliant Strategies for World-Class Investment Performance
9.35 – 10.45
Dialogue One: Driving Growth – Saudi Arabia’s Islamic Financial Markets
- How is Vision 2030 influencing the development and transition of Saudi Arabian financial markets and what role will Shariah compliant capital play?
- What recent progress have Shariah compliant financial markets made in Saudi Arabia?
- Will Saudi Arabia see significant diversification of asset classes in coming years, or indeed, the addition of new asset classes? If so, what form will this take?
- How is the recently introduced Civil Transactions Law influencing Islamic capital markets?
- How will interest rates influence domestic and regional Sukuk markets in 2025, and what opportunities will be on offer for investors?
- Can more be done to supply the local market with high-quality liquid assets, and to what extent would this contribute to building a yield curve unique to Saudi Arabian Sukuk issuances?
- How can Shariah compliant transition, sustainable and sustainability linked financing products be further incorporated into the Saudi market?
10.45 – 11.05
Presentation Digital Banking in KSA – Challenges and Opportunities
11.05 – 11.35
Coffee
11.35 – 13.15
Dialogue Two: Shariah Compliant Investment in Saudi Arabia
- What are latest trends, investment types, asset classes and opportunities in Saudi Arabian bilateral Shariah compliant investment?
- How has the domestic Islamic asset management industry managed to differentiate itself from its conventional peers?
- How is private capital influencing Islamic financing in Saudi Arabia and how will the introduction of direct financing investment funds benefit the local market?
- What are potential targets for private equity investment in Saudi Arabia, and how are privatization and divestment influencing the domestic market?
- What are opportunities for Shariah compliant investment in the Kingdom through public-private partnerships, and how are mega projects driving the market?
- What are the latest opportunities and demands for bilateral Shariah compliant direct investment into real estate?
- How do we assess the growth, development and performance of Saudi Arabian real estate investment trusts and what role is played by regional real estate funds?
- What roles do insurance for investment and export credit and other forms of guarantees play?
- How do we effectively balance climate and investment risk and where do ESG considerations play a role in investment decisions?
- What represent viable investment opportunities in the Shariah compliant financing of low-carbon technologies and renewable energy in the Kingdom?
- How is Waqf being applied to investment activities in the Kingdom?
- How do we assess the growing prominence of Islamic P2P and equity crowdfunding in the Kingdom, and what opportunities are on offer?
13.15
Luncheon
IFN KSA Dialogues 2023 Speakers
- Abdul-Rahman Hammad, Regional Director - Middle East, IdealRatings
- Alex Menage, Managing Director of EMEA, Thought Machine
- Ben Harvey, Group Chief Product and Operations Officer, Vemi Ventures
- Dr Fadlul Imansyah, Chief of Executive Board, Badan Pengelola Keuangan Haji
- Fakrizzaki Ghazali, Vice President, Fixed Income Investment, SNB Capital
- Geoff Holmes, Group Chief Strategy Officer, Vemi Ventures
- Hakan Ozyon, CEO, Hejaz Financial Services
- Husain Alkhaja, GCC Regional Director, DDCAP
- Dr John Sandwick, Chief Investment Officer, SARH Developments Co
- Karim Wali, Partner, Khoshaim & Associates
- Maahir Jakoet, Portfolio Manager, Old Mutual Investment Group
- Mahmoud Mohamed Zoair, Shariah Board Secretary - Head of Shariah Research, Jadwa Investment
- Marcin Zawadzki, Associate, White & Case
- Mohamed Afzal, Senior Risk Associate Corporate Development, Vision Invest
- Dr Mohammed Ishaq Ali, Head of Asset Management, Yaqeen Capital
- Mohammed Srhiri, Director of Financial Markets Advisory, BlackRock
- Rami Alsaihati, Senior Director, Advisory, National Center for Privatization & PPP
Dialogues Partners
KNOWLEDGE PARTNER

PARTNERS



LEAD MEDIA PARTNERS




Registration
The Previous IFN KSA Dialogues
IFN KSA Dialogues 2024
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.
In The News

IFN Monthly Review: January – Sukuk market starts strong
The global Sukuk market welcomed the new year with regulatory updates supporting Islamic issuances in the Philippines and Bangladesh as...

Saudi Arabia: Growing demand for Sukuk and Islamic fintech
The Kingdom of Saudi Arabia remains the leading Islamic banking and finance jurisdiction in the world, with its Shariah banking…

Saudi Aramco’s Sukuk: A successful return
State-owned oil giant Saudi Arabian Oil Company (Saudi Aramco) successfully issued a US$3 billion Sukuk, marking another…

Saudi maintains Islamic VC appeal as entities prepare US$40 million injection into fintech start-ups
Three entities will jointly deploy about US$40 million into fintech start-ups in Saudi Arabia and the wider…
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.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.