Oscar N. Onyema, OON
CEO, The Nigerian Stock Exchange
A NEW, LIVE, DIFFERENT & EXCLUSIVE EXPERIENCE
16th November 2020, Online
A NEW, LIVE, DIFFERENT & EXCLUSIVE EXPERIENCE
16th November 2020, Online
IN PARTNERSHIP WITH
Date: 16th November 2020
Venue: Online
Attendees 506
HASHTAG #ifnevents
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The IFN Forum OnAir Experience
Introducing IFN Forum OnAir, our exclusive online custom-built platform with your convenience in mind. IFN OnAir guarantees your full access to all of the event speakers through our interactive real-time features. Register now to experience IFN Forum OnAir.
- Key features of the IFN FORUM On Air Experience:
- Virtually interactive and engaging online event experience for each attendee
- Experience seamless interactive features — agenda, live Q&A sessions, activity feed, polling and networking among delegates
- Flexible and accessible online capabilities at your convenience, including the option to catch up on missed sessions once you have registered
- A user-friendly interface that is accessible on any of your desktop, tablet and mobile devices — anywhere around the globe
- An exclusive post-event report for all registered attendees
- VIP access and information to our upcoming IFN Forums
About the Forum
With its Sukuk aspirations finally realized in 2017 and its only Islamic bank receiving an international operating license, Nigeria has a lot to offer to the global Islamic finance industry. The African nation has been steadily giving stiff competition to its neighbors like South Africa, Uganda and Djibouti on the Shariah front and with its debut sovereign Sukuk, Nigeria sealed its place at the top of the regional Islamic finance league. On the 16th November 2020, join IFN as it convenes industry experts and decision-makers at its inaugural IFN Nigeria Forum to discuss on the challenges and opportunities in the Nigerian Islamic finance market.
Agenda
Keynote Address
Back-to-Basics: Opportunities for Islamic Finance, Banking and Investment to Flourish in Nigeria
The world has changed. How Islamic banking, finance and investment chooses to respond to these changes may be a generation-defining moment. Can Islamic finance in Nigeria use this opportunity to become truly responsible, inclusive and ethical, while at the same time contributing to the country’s growth and development through initiatives such as Sovereign Sukuk? What is a realistic assessment of Islamic investment management initiatives in West Africa and where can Nigeria play a role? What influences the deployment of Shariah compliant capital in the region and what do private equity, Sukuk funds, trade finance funds and Real Estate Investment Trusts (REITs) offer? What are the touch points between responsible finance and Islamic finance in Nigeria and West Africa and what opportunities are on offer for closer collaboration and alignment between these activities? From the viewpoint of Nigerian investors, what constitutes a green, responsible, ethical or sustainable investment? We ask a respected panel for a new roadmap to success for Islamic banking, finance and asset management in Nigeria.
Moderator:
Hajara Adeola
Managing Director and Chief Executive, Lotus Capital
Panelists:
Ahsan Ali
Head of Islamic Origination, Standard Chartered Bank
Basheer Oshodi
CEO, TrustBanc Arthur
Boubakari Ake
Head of Sub Saharan Africa Unit, ICD, IsDB Group
Cassim Docrat
Director, DDCAP (DIFC)
Patience Oniha, Director-General, represented by Monday Usiade
Head of Market Development Department, Debt Management Office Nigeria
Norfadelizan Abdul Rahman
Managing Director, Taj Bank
Partners
IN PARTNERSHIP WITH
The Nigerian Stock Exchange(NSE)
About The Nigerian Stock Exchange
The Nigerian Stock Exchange (NSE) serves the largest economy in Africa and is championing the development of Africa’s financial markets. The NSE, a registered company limited by guarantee, was founded in 1960 and it is licensed under the Investments and Securities Act and regulated by the Securities and Exchange Commission of Nigeria. The exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services and more.
The NSE is committed to adopting the highest levels of international standards. To support this commitment, the NSE belongs to a number of international and regional organizations that promote the development and integration of global best practices across its operations. It is a member of the International Organization of Securities Commissions, the World Federation of Exchanges, the Sustainable Stock Exchanges Initiative, the Software & Information Industry Association’s Financial Information Services Division and the Intermarket Surveillance Group. The exchange is a founding member and executive committee member of the African Securities Exchanges Association.
The NSE continues to evolve in order to meet the needs of its valued customers and to achieve the highest level of competitiveness. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
MULTILATERAL STRATEGIC PARTNERS
The Islamic Corporation for the Development of the Private Sector (ICD)
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
The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)
Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries.
The ICIEC’s mission is to make trade and investment between member countries and the world more secure through the Shariah compliant risk mitigation tool. Its vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries.
The ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compliant insurance and reinsurance solutions.
Today, the ICIEC supports trade and investment flows in 47 member countries spanning across Europe, Asia, the Middle East and Africa. Its target clients are corporates (both exporters and investors), banks and financial institutions as well as export credit agencies and insurers.
International Islamic Trade Finance Corporation
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
STRATEGIC PARTNER
Capital Markets Malaysia
As part of its mandate to develop the capital market, the Securities Commission Malaysia (SC) set up the Capital Markets Promotion Council in 2012 to strengthen its internationalization agenda for Malaysia’s capital market. In 2014, the SC launched Capital Markets Malaysia (CMM) to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market via a comprehensive and integrated approach to increase international participation and enhance opportunities for Malaysian capital market intermediaries.
PARTNERS
Carrera Learning
Carrera Learning is an innovative e-learning platform enabling users and companies to build their Islamic finance capabilities. We have extensive experience working with world-class financial institutions and organizations as well as professionals.
The Carrera Learning platform is part of Islamic Finance Navigator.
DDCAP Group
Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP is a leading provider of asset facilitation services and financial technology and system solutions across a diverse range of Shariah compliant products, asset classes and instruments in both the primary and secondary markets. DDCAP’s wholly-owned subsidiaries include DD&Co and DDGI. DDCAP has an extensive track record within the Islamic finance industry, employing over 35 professionals with broad and complementary skill sets drawn from diverse financial industry backgrounds, focused principally on providing service to Islamic financial market participants around the world. DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait. DDCAP’s multi-award-winning Shariah compliant ETHOS Asset Facilitation Platform is a bespoke, real-time trade and post-trade services platform providing 24-hour coverage, enabling clients worldwide to purchase from a diverse asset inventory, including commodities, via a secure, web-based portal.
IdealRatings
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.
Lotus Capital
Lotus Capital is a specialized investment management and advisory firm at the forefront of non-interest finance in Nigeria. With an experienced management team and reputable Shariah advisory board, Lotus has made indelible footprints in the Nigerian capital market for over a decade. The company currently manages the largest Shariah compliant mutual fund in the country.
In 2008, Lotus launched the first Shariah compliant mutual fund, the Lotus Halal Investment Fund, and in 2012, it partnered with the Nigerian Stock Exchange to establish the first compliant equity index, and thereafter launched a tracker fund — the Lotus Halal Equity Exchange Traded Fund.
In 2013, Lotus was the lead advisor of the first Sukuk facility in Nigeria issued by the Osun state government, which was 11.4% oversubscribed. To further deepen the non-interest capital market, Lotus launched the first Islamic fixed income fund in 2016 and acted as a co-advisor to the federal government of Nigeria on its sovereign Sukuk issuances from 2017 to 2020, all of which were oversubscribed.
Moody’s Investors Service
Moody’s is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions and fair access to information open the door to shared progress.
TECHNOLOGY PARTNER
Codebase Technologies
Codebase Technologies builds modern digital banks, developing application programming interface-driven technologies to deliver new customer experiences. Supporting institutions with cloud-agnostic digital-ready solutions, it operates as a research and development think tank that enables any business to pursue their ambitions for a seamlessly integrated, lifestyle-enhancing digital financial experience at a fraction of the time and cost.
Its highly robust and scalable open architecture framework and flagship platform ensemble, Digibanc™, the most comprehensive one-stop shop ‘bank in a box’, gives Codebase Technologies the key to unlock the true potential of the new-era digital financial ecosystem.
With solutions encompassing customer onboarding, middleware, payments, asset management and channel deployments, Codebase Technologies provides the expertise that allows your business to focus on what’s important — the customer.
Codebase Technologies operates across ASEAN, the GCC and Australia, providing proprietary technology products and advisory services to institutions looking to challenge the next digital frontier.
Last Visit to Nigeria
Date: 18th June 2019
Venue: Eko Hotels & Suites, Lagos
Attendees: 122
Speakers: 15 Speakers
With its Sukuk aspirations finally realized in 2017 and its only Islamic bank receiving an international operating license, Nigeria has a lot to offer to the global Islamic finance industry. The African nation has been steadily giving stiff competition to its neighbors like South Africa, Uganda and Djibouti on the Shariah front and with its debut sovereign Sukuk, Nigeria sealed its place at the top of the regional Islamic finance league.
On the 18th June 2019, join IFN as it convenes industry experts and decision-makers at its inaugural IFN Nigeria Forum to discuss the challenges and opportunities in the Nigerian Islamic finance market.
Dr Yakubu 2016
Thank you for inviting me to the event co-sponsored by the government of Cote d’Ivoire, the Islamic Corporation for the Development of the Private Sector (ICD) and the REDmoney Group. I appreciate the opportunity given to participate as one of the panelists at the Africa Islamic Finance Forum. I indeed found it to be useful, thought provoking and an opportunity to advocate the sustained growth of Islamic finance in Africa. The networking opportunities and exposures were valuable. Extend my sincere appreciation to the Minister of Planning and Development for all the Hospitality provided during the two-day event. I will honor future invitations in support of future Africa Islamic Finance Forum events.
Dr Yakubu A Umar
Special Advisor to the Governor on Islamic Finance, Central Bank of Nigeria
Hajara Adeola-nigeria19
Congratulations on a very successful event.
Hajara Adeola
Managing Director/CEO, Lotus Capital
Bashir Sharif Isyaku-nigeria19
This is the best Islamic Finance Forum I have ever attended.
Bashir Sharif Isyaku
Head, North-west Regional Tax Audit, Federal Inland Revenue Service, Kano
Jude Chiemeka-nigeria19
Very much appreciated and a big congratulations to you and your team. The event was very successful. We look forward to many more collaborative efforts.
Jude Chiemeka
Divisional Head, Trading Business, Nigerian Stock Exchange
Toyin Kekere-Ekun-nigeria19
IFN Nigeria Forum was the perfect platform to boost discussions around the growth and direction of Islamic finance in Nigeria. The diversity of participants, involvement of regulators and pertinent topics deliberated all contributed to the success of the event. We are pleased to have partnered on such an impactful forum.
Toyin Kekere-Ekun
CEO Lotus Financial Services
Amman Muhammad-southafrica19
A big thank you for all the effort you put into this conference. Alhamdulilah we are getting very positive feedback. This initial conference has provided great perspectives
Amman Muhammad
CEO, FNB Islamic Banking
Phil Attwood-southafrica19
We attended the Kenya and South African legs of the IFN African Roadshow and found both to be well attended and organized; this was especially the case in Cape Town where the quality of speakers and discussion was very high.
Phil Attwood
Commodity Trader, Eiger Trading Advisors
Moulana Yusuf Jeena-southafrica19
Thank you for putting together a successful IFN South Africa 2019!
Moulana Yusuf Jeena
Shariah Advisor, Albaraka Bank
Nazeer Cassim-southafrica19
Many thanks to Andrew Tebbutt and the REDmoney team on delivering an exceptional event in South Africa. The agenda covered critical issues and challenges facing Islamic banking in South Africa, with possible solutions. The various speakers and panel participants were well versed within their respective fields. Most importantly, the networking among all invited guests was invaluable. We look forward to the follow-up event in 2020.
Nazeer Cassim
Senior Manager, Islamic Banking Gauteng Corporate Office, HBZ Bank
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.