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2nd April 2019, Sheraton Casablanca Hotel & Towers, Casablanca

Date: 2nd April 2019

Venue: Sheraton Casablanca Hotel & Towers, Casablanca

Attendees: 277

Speakers: 20 Speakers

ABOUT THE FORUM

The participation finance (Islamic finance) industry is poised for growth in Morocco. Initiated back in 2014 with the vote of the participation finance bill, the development of an exhaustive regulatory framework aiming to accommodate all aspects of participation finance in Morocco reached a whole new level in 2017 when the eight banks that were granted licenses in January were finally allowed – seven months later – to offer Shariah compliant products.

By developing a full set of regulations accommodating all aspects of the participation finance industry, the Kingdom has come a long way where participation finance is concerned. For participation banks, the top priority is certainly the introduction of Takaful but some market players have mentioned the need for an Islamic asset management industry while others are calling for the Casablanca Stock Exchange to be equipped with an Islamic equity index.

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FORUM AGENDA

09:10 – 09:15

Welcome Remarks

09:15 – 09:30

Welcome Address & Market Overview

09:30 – 10:30

The Big Picture: Formalizing the Islamic Finance, Banking and Takaful Ecosystem in Morocco

We assess the steps the Kingdom has taken to facilitate the Islamic finance ecosystem over the past year and ask how successful these measures have been. We discuss the introduction of the benchmark Sukuk in 2018, the initiation of the local Takaful market as well as the introduction of REITs and other investment management structures. We also discuss opportunities and challenges facing domestic Islamic banks, including successfully growing deposit bases and effectively managing liquidity.

Moderator:

Said Amaghdir, Chairman, Moroccan Association for Participative Finance Professionals – Shariah Compliant (AMFP) and Director of Takaful projects, SAHAM Assurance

Panelists:

Hounaida Boukhari, Managing Director, Dar Al Amane
Ghizlane Rabhi, Moroccan Capital Market Authority
Ikhlas Mettioui, Head of Asset Management, Moroccan Capital Market Authority
Mohamed Maarouf, General Manager, BTI Bank
Nabil Lemrazi, CEO, Universites Des Savoirs Connectes
Youssef Baghdadi, CEO, Bank Assafa

10:30 – 11:00

Coffee & Networking

11:00 – 12:00

Sukuk, Capital Markets and Asset Management

Will the recent sovereign Sukuk enable the expansion of the Moroccan sovereign, sub-sovereign and private sector Sukuk market in support of the national development plan? What does the sovereign mean for the local market and what investment and liquidity management opportunities does it offer domestic Islamic banks? Through an expert panel we analyze product structures, the securitization regulatory framework, ratings, structuring issues and the use of SPVs in asset transfer and ownership. We also discuss the recent launch of the Moroccan Islamic Equity Index and discuss opportunities for local capital market participants and asset managers.

Moderator:

Zaineb Sefiani, Founder, Carrera Learning

Panelists:

Badr Benyoussef, Chief Business Development Officer, Casablanca Stock Exchange
Monsif Ghaffouli, CIO, Wafa Gestion
Noreddine Tahiri, CEO, AjarInvest
Yassine Temli, Managing Partner, Maghreb Capital Advisors

12:00 – 12:20

Presentation: REIT — New Investment Opportunity for Morocco

Mehdi Bouamama, Head of Acquisitions at Morocco REIT Management

12:20 – 12:40

Presentation: How Appealing is Participative Insurance - known as Takaful - to Moroccans?

Simohammed Bellamine, Marketing and Strategy Consultant

12:40 – 13:35

Launch and Development of The Takaful Industry in Morocco

We take a comprehensive look at the nascent domestic Takaful market, identifying challenges and asking how they can be overcome. What is the current status of the Takaful industry in terms of regulation, awarding of licenses, market readiness, product offerings and potential market penetration?

Moderator:

Ahmed Tahiri Jouti, COO, Al Maali Consulting Group

Panelists:

Abderrahmane Lahlou, Expert in Participative Finance, ABWAB Consultants
Hakim Bensaid, Project Manager, Participative Insurance – Takaful, RMA Assurance and Vice-Chairman, AMFP
Koudama Zeroual, Directeur Général Assurances Takaful, Wafa Assurance
Mohammed Amine Sabibi, Research Fellow, Economia Research Center
Shaima Hasan, Research and Product Development Manager, Refinitiv

13:35

Closing Remarks & End of Forum

13:35

Luncheon

14:30 – 16:30

The IFN Morocco Dialogue

Now in its fourth year, the highly acclaimed IFN Dialogue will once again bring together a select group of Morocco’s leading Islamic finance practitioners and regulators to openly discuss the benefits and concerns facing the Shariah compliant financing and investment market today.

This thought-provoking exclusive closed-door session will consist of local regulators, industry practitioners and key international players with a solid understanding of the local market but with an outsider’s point of view.

PRESENTATION SLIDES

Presentation: REIT — New Investment Opportunity for Morocco

Mehdi Bouamama, Head of Acquisitions at Morocco REIT Management

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FORUM SPEAKERS

Spk-DrAbderrahmaneLahlou

Abderrahmane Lahlou
Expert in Participative Finance, ABWAB Consultants

Ahmed Tahiri Jouti, Chief Operating Officer, Al Maali Consulting Group

Ahmed Tahiri Jouti
COO, Al Maali Consulting Group

Badr-Benyoussef

Badr Benyoussef
Chief Business Development Officer, Casablanca Stock Exchange

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Ghizlane Rabhi
Moroccan Capital Market Authority

Hakim Bensaid, President, Moroccan Association for Participative Finance Professionals & Manager, Takaful Projects, Royale Marocaine D’Assurance

Hakim Bensaid
Project Manager, Participative Insurance – Takaful, RMA Assurance and Vice-Chairman, AMFP

HounaidaBoukhari

Hounaida Boukhari
Managing Director
Dar Al Amane

Ikhlas-Mettioui

Ikhlas Mettioui
Head of Asset Management
Moroccan Capital Market Authority

Spk-KoudamaZeroual

Koudama Zeroual
Directeur Général Assurances Takaful, Wafa Assurance

speakericon-event

Mehdi Bouamama
Head of Acquisitions at Morocco REIT Management

Mohammed Amine

Mohammed Amine Sabibi
Research Fellow, Economia Research Center

speakericon-event

Monsif Ghaffouli
CIO, Wafa Gestion

spk_MohdMaarouf

Mohamed Maarouf
General Manager
BTI Bank

Nabil-Lemrazi-new

Nabil Lemrazi
CEO, Universites Des Savoirs Connectes

Noreddine

Noreddine Tahiri
CEO, AjarInvest

SaidAmaghdir

Said Amaghdir
Chairman, Moroccan Association for Participative Finance Professionals – Shariah Compliant (AMFP) and Director of Takaful projects, SAHAM Assurance

Shaima-Hasan-Linkedin

Shaima Hasan
Research and Product Development Manager
Refinitiv

Simohammed-Bellamine

Simohammed Bellamine
Marketing and Strategy Consultant

spk_YassineTemli

Yassine Temli
Managing Partner
Maghreb Capital Advisors

youssef-baghdadi

Youssef Baghdadi
CEO
Bank Assafa

Zaineb Sefiani, Founder, Carrera Learning

Zaineb Sefiani
Founder, Carrera Learning

ADVISORY BOARD

Ahmed Tahiri Jouti, Chief Operating Officer, Al Maali Consulting Group

Ahmed Tahiri Jouti
Chief Operating Officer
Al Maali Consulting Group

Ali-ALAMI-IDRISSI

Ali Alami Idrissi
General Manager
Optima Finance Consulting

spk-AnouarHassoune

Anouar Hassoune
Managing Director
Euris Group

Fouad Harraze, Director General, Al Akhdar Bank

Fouad Harraze
Director General
Al Akhdar Bank

Hamza

Hamza Boukili
Senior Associate, Line of Finance Division – FIDD
The Islamic Corporation for the Development of the Private Sector

HounaidaBoukhari

Hounaida Boukhari
Managing Director
Dar Al Amane

Spk-KoudamaZeroual

Koudama Zeroual
Directeur Général Assurances Takaful, Wafa Assurance

spk_FarukahRaza

Mohammad Farrukh Raza
Managing Director
IFAAS

Mohammed Amine

Mohammed Amine Sabibi
Financial Consultant and Coordinator of the Executive Master Principles and Practices of Islamic Finance, Casablanca, University Paris-Dauphine

spk_MohdMaarouf

Mohamed Maarouf
General Manager
BTI Bank

SaidAmaghdir

Said Amaghdir
Chairman, Moroccan Association for Participative Finance Professionals – Shariah Compliant (AMFP) and Director of Takaful projects, SAHAM Assurance

spk_YassineTemli

Yassine Temli
Managing Partner
Maghreb Capital Advisors

FORUM FLOOR PLAN

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FORUM PHOTOS

FORUM SPONSORS

MULTILATERAL STRATEGIC PARTNERS

The Islamic Corporation for the Development of the Private Sector (ICD)

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The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.

The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.

The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).

ICD mandate and objectives

The ICD fosters sustainable economic growth in its 53 member countries by:

  • Financing private sector investment
  • Mobilizing capital in the international financial markets, and
  • Providing advisory services to business and governments.

The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.

The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.

FOR MORE INFORMATION

Tel: (966-12) 6361400; (966-12) 6441644

Fax: (966-12) 644 4427

Email: [email protected]

Website: www.icd-ps.org

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International Islamic Trade Finance Corporation

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The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. It was established with the purpose of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Earning an ‘A1’ rating from Moody’s Investors Service reflects the ITFC’s efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.

Since 2008, the ITFC has provided more than US$40.2 billion of trade financing to OIC member countries, making it the leading provider of trade solutions for the needs of OIC member countries. With a mission of being a catalyst for trade development among OIC member countries and beyond, the ITFC helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

 

Contact us at:

Twitter: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)

Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en

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PARTNERS

A.M.F.P

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Bank Assafa

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Bank Assafa is the leader of participative banks in Morocco operating in 17 main cities of the country with a total of 26 branches.
Bank Assafa is a subsidiary of and fully owned by Attijariwafa Bank, the leading banking and financial group in North Africa.

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BTI Bank

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BTI Bank is a Moroccan participatory bank founded through the alliance of two renowned groups recognized at the international level for their performance and expertise : BMCE Bank of Africa, a continental leader that covers all the areas of banking and financial activities; and Al Baraka Banking Group, a world pioneer in participatory banking.

BTI Bank capitalizes on the experience of its founders by adopting an efficient model to offer financial participatory services following the highest quality standards. Indeed, customers are at the heart of the strategy of BTI Bank and positioned as real and equal partners. The bank offers everyday banking services and finance solutions to support its customers to achieve and succeed in their projects.

In recognition of its excellence, BTI Bank has been selected in 2019 as the best client service provider of the year in the participatory category.

For more information on BTI Bank, visit www.btibank.ma.

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IdealRatings

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IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:

  • Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio.
  • REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines.
  • Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry.
  • Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and
  • Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.
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The Perth Mint

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The Perth Mint (the Mint) is Australia’s largest and most highly accredited precious metals enterprise. Through its diverse operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over. Operating the leading refinery in the southern hemisphere and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint maintains endorsements from commodity trading centers in London, New York, Tokyo, Shanghai and Dubai. Each year, the Mint exports US$14 billion-worth of bullion bars and coins to institutional and private investors located in 130 countries and, with a reputation for innovation and excellence, it issues legal tender commemoratives on behalf of the Commonwealth of Australia and surrounding nations for collectors.

Wholly owned by the government of Western Australia, the Mint offers the world’s only precious metals investment and storage program guaranteed by a sovereign entity and currently manages US$3 billion-worth of metals on behalf of 30,000 clients. Committed to sharing the remarkable story of gold with the global community, the Mint also hosts a premier tourist destination.

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Teamwill Consulting

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Teamwill, the flagship of the French scale-ups, is the national leader of the solutions dedicated to asset finance. Teamwill’s leading 350 consultants and experts accompany clients in the redefinition of their front to back processes, integrating the most innovative software solutions of the market: distribution, grant, credit management, recovery, risk management, regulatory compliances and accounting.

Anis Chakroun, the president of Teamwill, has established, with his teams, the basics of an agile and efficient strategy of sustainable and international growth that targets European leadership through double growth, internally and externally. Teamwill’s client portfolio is made up of major international retail banks and financial companies specializing in Islamic finance, consumer credit, leasing or automobile credit.

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MEDIA PARTNERS

AlHuda CIBE

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AlHuda Centre of Islamic Banking and Economics is working diligently and under vigilance shariah
compliant standards since its inception. AlHuda CIBE was established in 2005 and Mr. Zubair Mughal is its
Chief Executive Officer. AlHuda CIBE has been accredited as a distinguished service provider due to our
notable services, team of dedicated professionals and one stop solutions of Islamic banking and finance.
Our aim is to provide state-of-the-art and science services of Islamic banking and finance worldwide.
AlHuda head office is in UAE and regional offices are in Pakistan and in South Africa. AlHuda CIBE is
omnipresent worldwide for its various services:

  • Advisory & Consultancy
  • Research & Development
  • Education & Capacity Building
  • Shariah Advisory
  • Publications & Events

Website link: www.alhudacibe.com

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True Banking

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True Banking is a Bi-Monthly magazine working to deliver Islamic banking & financial services with specific focus on research development, market analysis, training and advancements. The prime aim of True Banking is to create awareness of Islamic banking and finance in the masses and to make available a platform to get the latest news, innovations and updates of national and international banking and finance industry. It is an addition to our achievements towards developing and promoting Shariah compliant financial industry worldwide.

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Last Visit to Casablanca

IFN Morocco Forum 2018

The participation finance (Islamic finance) industry is poised for growth in Morocco. Initiated back in 2014 with the vote of the participation finance bill, the development of an exhaustive regulatory framework aiming to accommodate all aspects of participation finance in Morocco reached a whole new level in 2017 when the eight banks that were granted licenses in January were finally allowed – seven months later – to offer Shariah compliant products. This major milestone was preceded by the inauguration of the banks’ network of branches dedicated to participation finance activities, particularly throughout the first half of the year.

By developing a full set of regulations accommodating all aspects of the participation finance industry, the Kingdom has come a long way where participation finance is concerned. For participation banks, the top priority is certainly the introduction of Takaful but some market players have mentioned the need for an Islamic asset management industry while others are calling for the Casablanca Stock Exchange to be equipped with an Islamic equity index.

Following a successful edition in 2017, IFN Morocco Forum returns to Casablanca in April 2018 to provide industry players with an invaluable chance to explore the potential of this nascent yet promising market.

Full Details
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Testimonials

Dr Abderrahmane 2017

IFN Forum Morocco was a timely opportunity for the main participative finance actors to share with the public the latest developments of the industry.

Dr Abderrahmane Lahlou
Founder, ABWAB Consultants

Abdessamad Issami 2017

The IFN event gathered the participative finance professionals and updated them through very useful interactions on different subjects.

Abdessamad Issami
CEO, Umnia Bank

Dr Ahmed Tahiri 2017

IFN Forum Morocco 2017 was a successful event that gathered the main local players and some prominent international experts to discuss the perspectives and to give an insight about the challenges facing the Islamic finance industry locally and globally. It is always interesting to be part of the IFN events for their punctuality and networking opportunities.

Dr Ahmed Tahiri Jouti
COO, Al Maali Consulting Group

Hakim Bensaid 2017

In my view, the event was just a success story: it was well-organized and well-enriched with a special focus on the hot topics/issues. So, I would like to extend my wholehearted congratulations and appreciation to the event organizer and the whole working team.

Hakim Bensaid
Takaful Project Manager, Royale Marocaine d’Assurance (RMA)

For any inquiries contact us

Our team will be glad to answer any questions you may have about this event.

Contact Us

About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

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