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IFN Qatar Dialogues 2024

11th September 2024
Wyndham Doha West Bay

#IFNEVENTS2024

IFN Qatar Dialogues Review

IFN Qatar Dialogues 2024 Review

IFN Qatar Dialogue: Driving growth – Qatar’s Islamic financial market
In the first of two high-level dialogues in Qatar, the State’s leading market experts and leaders gathered and engaged in a vibrant and honest Chatham House style discussion about the state of Qatar’s Islamic finance industry. Its Islamic asset management industry is a point of pride but...Read More

About The IFN Qatar Dialogues

Qatar’s Islamic finance industry continues to enjoy favorable growth, supported by strong demand as well as healthy economic expansion. Globally, it ranks sixth for Islamic banking by assets, accounting for 6.6% of the total market share in 2022, according to the IFSB. Its four fully-fledged Islamic banks held almost 30% of overall banking assets as at the end of last year.

And the future is looking even brighter with the international spotlight the Arab nation is receiving. The State is still riding from the success of its Fifa World Cup year which boosted its GDP by 8% in the final quarter of 2022, and it is reaping the benefits of high energy prices, which have shored up its state coffers.

Home to one of the largest Islamic banks in the world and an increasingly vibrant fintech market, Qatar’s Islamic finance prospects are truly exciting.

We are thrilled to be returning to Qatar with the highly acclaimed IFN Dialogue series. With the help of leading market experts and industry practitioners, we will navigate the Qatari Islamic finance landscape with the aim of harnessing the State’s latent potential across different sectors of the Islamic finance economy, from banking to Takaful and capital markets as well as fintech.

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Dialogues Agenda

9.10 – 9.15

Welcome Address

9.15 – 9.25

Keynote Address

Yousuf Mohamed Al-Jaida, Board Member and CEO, Qatar Financial Centre

9.25 – 10.45

Dialogue One: Driving Growth - Qatar’s Islamic Financial Markets

  • How will NDS3 influence the development and transition of financial markets and asset management in Qatar, and what role will Shariah compliant capital play?
  • What progress have the Shariah compliant financial markets made in Qatar since we last met?
  • How will interest rates influence domestic and regional Sukuk markets in late 2024 and early 2025, and what opportunities will be on offer for investors?
  • What other factors continue to influence the development of the domestic Sukuk and Islamic capital market?
  • What role does the flourishing equity and IPO market play in Qatar?
  • 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 Qatari Islamic financial institutions?
  • Compared to regional peers, is the local regulatory environment supportive of the development of Islamic financial markets, and could amendments be made?
  • How is private capital influencing Islamic financial markets in Qatar and how should regulators approach private markets?
  • How can green and sustainability linked Sukuk and other innovations further flourish in Qatar?
  • To what extent has the domestic Islamic asset management industry managed to differentiate itself from its conventional peer?
  • Will Qatar see significant diversification of asset classes in coming years, or indeed, the addition of new asset classes? If so, what form will this take?

Moderator:

Dr Dalal Aassouli, Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University

Panelists:

Akber Khan, Acting CEO, Al Rayan Investment
George Barakat, Group Treasury Director, Power International Holding
Hakan Ozyon, CEO, Hejaz Financial Services
Henk Jan Hoogendoorn, Chief Financial Services Sector, Qatar Financial Centre
Munaf Usmani, Senior Vice-President, Treasury and Markets, QInvest

10.45 – 11.15

Roundtable: A Case Study of the Estithmar Holding QAR500 million Sukuk

Moderator:

Akber Khan, Acting CEO, Al Rayan Investment

Panelists:

Hadi El Kadi, Senior Associate, Deal Advisory, Al Rayan Investment
George Barakat, Group Treasury Director, Power International Holding
Lee Irvine, Partner, Simmons & Simmons
Tahir Hayat Pirzada, GM, Group Treasurer and Financial Institutions, Masraf Al Rayan

11.15 – 11.45

Coffee

11.45 – 13.00

Dialogue Two: Fit for Purpose - The Growth of Islamic Banking in Qatar

  • How will NDS3 promote sustainable economic growth in Qatar, and what role will the Islamic banking sector play in this transition?
  • How has the parallel banking system facilitated the growth of Islamic banking in Qatar?
  • Compared to regional peers, is the domestic regulatory environment supportive of the development of Islamic banking, and could amendments be made?
  • What mass market Islamic finance products exist in Qatar today, what structures are in use, and why?
  • How significant is the re-emergence of the regulatory capital Sukuk market for Qatar’s Islamic financial institutions?
  • Do Islamic banks in Qatar still face challenges in terms of liquidity creation and liquidity risk management, and what solutions are available?
  • How can Qatar further deploy Sukuk to support banking and non-banking financial businesses?
  • How far along the transformation journey are Islamic banks in Qatar, and what more needs to be done?
  • How is Qatar FinTech Hub driving the development and funding of Shariah compliant financial technology companies and solutions?
  • How is climate risk being measured in the banking books of Qatari Islamic financial institutions?
  • Are Qatari Islamic banks sufficiently incorporating sustainability frameworks into their operations?

Moderator:

Michael Grifferty, President, The Gulf Capital Market Association

Panelists:

Dr Ahmet Aysan, Associate Dean of Research, College of Islamic Studies, Hamad Bin Khalifa University
Lee Irvine, Partner, Simmons & Simmons
Nurein Mohamed, Director, Bank and Insurance Supervision, QFC Regulatory Authority
Tahir Hayat Pirzada, GM, Group Treasurer and Financial Institutions, Masraf Al Rayan

13.00

Luncheon

Dialogues Keynote

Yousuf Mohamed Al-Jaida

Yousuf Mohamed Al-Jaida

Board Member and CEO, Qatar Financial Centre
Yousuf Mohamed Al-Jaida
Yousuf Mohamed Al-Jaida
Board Member and CEO, Qatar Financial Centre

Yousuf Mohamed Al-Jaida was appointed Chief Executive Officer of Qatar Financial Centre in June 2015. He previously held the role of Deputy Chief Executive Officer and Chief Strategic Business Development Officer at QFC where he was responsible for leading the overall strategy and business development functions of the organization. Prior to joining QFC, he was Head of Indirect Investment at the Qatar General Retirement and Pension Authority, which included overseeing the management of hedge fund, private equity, real estate, fixed income and equity portfolio investments. He has also worked for Qatar Energy and Dolphin Energy early in his career. Yousuf serves as Board Member in leading local and international organisations including the World Alliance of International Financial Centers, the Qatar Financial Centre, the Qatar Finance and Business Academy, the Qatar Free Zones Authority, the Qatar Stock Exchange, the Investment Promotion Agency and Sidra Medicine. He is also an Advisory Board Member in the College of Islamic Studies at Hamad Bin Khalifa University and sits on the Advisory Council of Qatar University’s College of Business and Economics. Previously, Yousuf was on the boards of Nakilat QSC and the $1 billion strategic investment fund of Unicorn Investment Bank as well as serving as Vice Chairman of Mayadeen Real Estate Company KSCC. He graduated from the University of Arizona, USA.

Dialogues Speakers

Dr Ahmet Aysan

Dr Ahmet Aysan

Associate Dean of Research, College of Islamic Studies, Hamad Bin Khalifa University
Dr Ahmet Aysan
Dr Ahmet Aysan
Associate Dean of Research, College of Islamic Studies, Hamad Bin Khalifa University

Dr Ahmet Aysan is a full professor, associate dean for research and the program coordinator of the PhD and Master of Science programs at Hamad Bin Khalifa University. He has been a board member and Monetary Policy Committee member of the Central Bank of the Republic of Turkiye and served as a consultant at various institutions such as the World Bank, the Central Bank of the Republic of Turkiye and Oxford Analytica. Dr Ahmet, who has many articles published in academic journals, is a recipient of the Bogaziçi University Award and the MEEA Ibn Khaldun Prize. Dr Ahmet is also a research associate at the University College London Centre for Blockchain Technologies and a non-resident fellow at the ME Council.

Akber Khan

Akber Khan

Acting CEO, Al Rayan Investment
Akber Khan
Akber Khan
Acting CEO, Al Rayan Investment

Akber has more than 25 years of experience in the investment industry and is Acting Chief Executive Officer of Al Rayan Investment (ARI). ARI is a leading firm for corporate financial advisory and asset management. Akber joined ARI in 2009, to set up and lead asset management, which included overall responsibility for managing GCC public equity and global sukuk portfolios of $1.5bn. ARI manages the award winning Al Rayan GCC Fund and Al Rayan Qatar ETF.

Prior to ARI, Akber was a Director at Deutsche Bank in London, where he spent more than 11 years in European and emerging markets equities. Akber is a graduate of University College London. Akber has lived in Doha, Dubai, Frankfurt, Karachi and London.

Dr Dalal Aassouli

Dr Dalal Aassouli

Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University
Dr Dalal Aassouli
Dr Dalal Aassouli
Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University

Dr Dalal Aassouli is an Assistant Professor of Islamic and Sustainable Finance at Hamad Bin Khalifa University in Qatar.

Dr Dalal was previously a visiting academic at the Durham Centre for Islamic Economics and Finance, Durham University Business School. Prior to that, she worked at the International Islamic Liquidity Management Corporation (IILM) in Malaysia where she assisted with the establishment of the IILM’s Sukuk program. Before that, she held several corporate finance positions in Europe where she had exposure to the African, European and Latin American markets.

Dr Dalal serves on several industry working groups and non-profit global forums such as the CIBAFI Sustainability Working Group, Qatar Financial Center Islamic Finance Taskforce and the Global Impact Fintech Forum. She is also an invited speaker in international conferences and events and provides her consultancy expertise to various organizations on issues related to sustainable and Islamic finance.

Dr Dalal holds a Master’s degree from NEOMA Business School and Paris Dauphine University and a PhD from ENS de Lyon in France.

Dr Dalal’s areas of research interest include Islamic finance in general and its implications for liquidity management, corporate finance, ethical finance, development finance, green finance, food security, sustainable development and SRI.

George Barakat

George Barakat

Group Treasury Director, Power International Holding
George Barakat
George Barakat
Group Treasury Director, Power International Holding

George M. Barakat is an accomplished banking and finance professional with 18 years of expertise in Banking, Treasury and Finance. He has a strong background in Corporate Treasury and Finance, with extensive experience in capital-related financing and restructuring transactions. His expertise includes sukuk issuance, syndicated loans, Public-Private Partnerships (PPP), mergers and acquisitions (M&A) and investment management.

Currently, George serves as the Group Treasury Director at Power International Holding (PIH), where he is responsible for strategically overseeing the Group Treasury. Prior to joining PIH, George headed the Group Treasury and Investments at Saleh Al Hamad Al Mana & Group of Companies where he also served as a board advisor for one of the group’s major companies. George also headed the Group Treasury at Ezdan Holding Group Q.P.S.C where he played a key role in structuring and negotiating syndicated loan facilities, sukuk issuances and managing investor relations. Before Ezdan, George spent over nine years at Mashreq Bank, where he held key positions across Business, Treasury and Finance, gaining comprehensive experience in each area.

George holds a Bachelor’s degree in Economics and is a Certified Management Accountant (CMA) issued by the Institute of Management Accountants (IMA), USA as well as a Certified Treasury Professional (CTP) issued by the Association for Financial Professionals (AFP), USA.

Hadi El Kadi

Hadi El Kadi

Senior Associate, Deal Advisory, Al Rayan Investment
Hadi El Kadi
Hadi El Kadi
Senior Associate, Deal Advisory, Al Rayan Investment

Hadi joined Al Rayan Investment’s Financial Advisory Group in 2019. Having more than a decade of financial advisory experience, he currently focuses on deal origination and execution, advising clients across equity and debt capital markets, mergers and acquisitions as well as corporate finance advisory. During his time at the firm, Hadi acted as Joint Lead Arranger on the establishment of Estithmar Holding’s QAR3.4bn Sukuk program and the issuance of a QAR500mn Sukuk tranche. He also acted as Joint Lead Manager on several Sukuk issuances including Air Lease Corp, Dar Al Arkan, the Islamic Corporation for the Development of the Private Sector, Qatar International Islamic Bank and Warba Bank. Hadi has advised numerous clients during his time at ARI, including Lesha Bank and Mazaya.

Hadi holds a Bachelor’s degree from the American University of Beirut and a Master’s degree from Imperial College London. He is a CFA Charter Holder and is fluent in English and Arabic.

Hakan Ozyon

Hakan Ozyon

CEO, Hejaz Financial Services
Hakan Ozyon
Hakan Ozyon
CEO, Hejaz Financial Services

Hakan Ozyon’s role as CEO at Hejaz Financial Services involves setting strategic paths and forming financial alliances. With over 30 years of experience in business, he is known for leading innovative strategies and nurturing talent. He is adept at unlocking potential, promoting growth and increasing revenue. Hakan has deep ties in both the Islamic and broader Australian communities, enhancing business operations and setting corporate goals. Notably, he has spent a decade transforming visions into pioneering Islamic financial services. He is respected globally for his business acumen.

Henk Jan Hoogendoorn

Henk Jan Hoogendoorn

Chief Financial Services Sector, Qatar Financial Centre
Henk Jan Hoogendoorn
Henk Jan Hoogendoorn
Chief Financial Services Sector, Qatar Financial Centre

Henk Jan Hoogendoorn is the Chief of the Financial Sector Office at Qatar Financial Centre (QFC), where he is responsible for delivering QFC’s mission of attracting financial and regulated businesses to Qatar through the QFC platform, in line with the Second Financial Strategy and Qatar National Vision 2030.

Henk has extensive experience in international finance, management and transforming and building businesses in the financial sector. Henk has held senior management roles at ABN AMRO Bank and Deutsche Bank in the Netherlands and the Middle East and has a solid track record of implementing businesses in the financial sector.

Prior to joining QFC, Henk served as Mashreq Qatar’s country CEO and as the Managing Director-Head of Non-bank Financial Institutions at Deutsche Bank where he was responsible for insurers, pension funds, fintech and implementing strategic and business plans across Europe.

Henk holds a Master’s degree in Law from the University of Utrecht in the Netherlands and has participated in executive education at the London Business School and INSEAD.

Lee Irvine

Lee Irvine

Partner, Simmons & Simmons
Lee Irvine
Lee Irvine
Partner, Simmons & Simmons

Lee Irvine is a Partner in the Financial Markets Group of Simmons & Simmons and is based in Dubai. He has extensive experience in advising financial institutions and public and private companies on all aspects of conventional and Islamic debt capital markets, equity capital markets and liability management.

Michael Grifferty

Michael Grifferty

President, The Gulf Capital Market Association
Michael Grifferty
Michael Grifferty
President, The Gulf Capital Market Association

Michael Grifferty founded and leads The Gulf Capital Market Association, the industry body representing the Arabian Gulf debt and equity markets. The GCMA is composed of the region’s leading banks, law firms, issuers, ratings agencies and service providers. He plays a leading role in all major matters concerning development of capital markets in the region.

Previously, Michael served as Advisor for the US Treasury on sovereign debt and bond markets, advising over forty countries and regional organizations. He has also consulted extensively for the International Monetary Fund and Arab Monetary Fund.

Prior to his international career, Mr. Grifferty was a Senior Vice President at Government Finance Associates, providing problem-solving financial advisory services to US state and local governments. He has degrees from New York University and Georgetown University in Public Finance and International Relations, respectively. A native English speaker, Michael also speaks French and Russian.

Munaf Usmani

Munaf Usmani

Senior Vice-President, Treasury and Markets, QInvest
Munaf Usmani
Munaf Usmani
Senior Vice-President, Treasury and Markets, QInvest

Munaf Usmani is a Senior Vice-President in the Treasury and Markets Division at QInvest with a career spanning 15 years in the Islamic finance industry, having closed over US$5 billion in investment and advisory transactions. In his current role, he is responsible for managing the firm’s proprietary capital in financial market investments including fixed income funds, equities, derivatives, structured products, etc. He is also responsible for asset liability management, hedging and funding for the firm. Additionally, he oversees the financial institution function, focusing on establishing and enhancing relationships with local, regional and global financial institutions. Prior to QInvest, Munaf was in the Treasury and Financial Institutions Department at Meezan Bank, where he started as a Trainee Dealer and rose to the level of Deputy Treasurer. During his time at Meezan, he was in charge of the sales, trading and liquidity management portfolios with a total balance sheet size of US$15 billion; led key initiatives for the bank including establishing the Equity Capital Markets and Fund Transfer Pricing units; and successfully closed landmark agreements in the Islamic banking space. Munaf holds a Bachelor’s degree in Finance and a Master’s degree in Management from the Institute of Business Administration, Karachi.

Nurein Mohamed

Nurein Mohamed

Director, Bank and Insurance Supervision, QFC Regulatory Authority
Nurein Mohamed
Nurein Mohamed
Director, Bank and Insurance Supervision, QFC Regulatory Authority
Tahir Hayat Pirzada

Tahir Hayat Pirzada

GM, Group Treasurer and Financial Institutions, Masraf Al Rayan
Tahir Hayat Pirzada
Tahir Hayat Pirzada
GM, Group Treasurer and Financial Institutions, Masraf Al Rayan

Tahir joined the Group in December 2021 as part of the merger with Al Khalij Commercial Bank (al khaliji) where he held a similar position since 2015. He started working with the Bank in 2007.

He has over 30 years of banking experience in leading regional and international banks, having previously worked in Dubai Bank PJSC, ABN AMRO Bank N.V., Prime Bank and First International Investment Bank in variety of roles in Treasury, Investments, DCM and Corporate/Institutional Banking

Tahir holds an MBA (Finance) from Imperial College of Business Studies, Pakistan.

Advisory Board

Dr Ahmet Aysan

Dr Ahmet Aysan

Associate Dean of Research, College of Islamic Studies, Hamad Bin Khalifa University
Dr Ahmet Aysan
Dr Ahmet Aysan
Associate Dean of Research, College of Islamic Studies, Hamad Bin Khalifa University

Dr Ahmet Aysan is a full professor, associate dean for research and the program coordinator of the PhD and Master of Science programs at Hamad Bin Khalifa University. He has been a board member and Monetary Policy Committee member of the Central Bank of the Republic of Turkiye and served as a consultant at various institutions such as the World Bank, the Central Bank of the Republic of Turkiye and Oxford Analytica. Dr Ahmet, who has many articles published in academic journals, is a recipient of the Bogaziçi University Award and the MEEA Ibn Khaldun Prize. Dr Ahmet is also a research associate at the University College London Centre for Blockchain Technologies and a non-resident fellow at the ME Council.

Akber Khan

Akber Khan

Acting CEO, Al Rayan Investment
Akber Khan
Akber Khan
Acting CEO, Al Rayan Investment

Akber has more than 25 years of experience in the investment industry and is Acting Chief Executive Officer of Al Rayan Investment (ARI). ARI is a leading firm for corporate financial advisory and asset management. Akber joined ARI in 2009, to set up and lead asset management, which included overall responsibility for managing GCC public equity and global sukuk portfolios of $1.5bn. ARI manages the award winning Al Rayan GCC Fund and Al Rayan Qatar ETF.

Prior to ARI, Akber was a Director at Deutsche Bank in London, where he spent more than 11 years in European and emerging markets equities. Akber is a graduate of University College London. Akber has lived in Doha, Dubai, Frankfurt, Karachi and London.

Dr Andrew Dahdal

Dr Andrew Dahdal

Associate Professor, College of Law, Qatar University
Dr Andrew Dahdal
Dr Andrew Dahdal
Associate Professor, College of Law, Qatar University

Dr Andrew Dahdal is an associate professor at the College of Law, Qatar University and the chair of commercial law at the International Association of Law Schools. Dr Andrew researches and publishes on a range of financial services topics focused on the Middle East and beyond, particularly relating to technological innovations. His most recent book is ‘Qatari Business Law’ (2003, published by Qatar University Press). He has taught law in Australia, Europe and the Middle East and is currently part of an international project exploring financial inclusion and technology in Qatar. Dr Andrew holds a Bachelor of Laws (Hons) degree from Macquarie University, and a Bachelor of Commerce degree and PhD from the University of New South Wales.

George Barakat

George Barakat

Group Treasury Director, Power International Holding
George Barakat
George Barakat
Group Treasury Director, Power International Holding

George M. Barakat is an accomplished banking and finance professional with 18 years of expertise in Banking, Treasury and Finance. He has a strong background in Corporate Treasury and Finance, with extensive experience in capital-related financing and restructuring transactions. His expertise includes sukuk issuance, syndicated loans, Public-Private Partnerships (PPP), mergers and acquisitions (M&A) and investment management.

Currently, George serves as the Group Treasury Director at Power International Holding (PIH), where he is responsible for strategically overseeing the Group Treasury. Prior to joining PIH, George headed the Group Treasury and Investments at Saleh Al Hamad Al Mana & Group of Companies where he also served as a board advisor for one of the group’s major companies. George also headed the Group Treasury at Ezdan Holding Group Q.P.S.C where he played a key role in structuring and negotiating syndicated loan facilities, sukuk issuances and managing investor relations. Before Ezdan, George spent over nine years at Mashreq Bank, where he held key positions across Business, Treasury and Finance, gaining comprehensive experience in each area.

George holds a Bachelor’s degree in Economics and is a Certified Management Accountant (CMA) issued by the Institute of Management Accountants (IMA), USA as well as a Certified Treasury Professional (CTP) issued by the Association for Financial Professionals (AFP), USA.

Ibrahim Mohammed Hassan

Ibrahim Mohammed Hassan

Executive Director of Finance, Qatar Development Bank
Ibrahim Mohammed Hassan
Ibrahim Mohammed Hassan
Executive Director of Finance, Qatar Development Bank

Ibrahim Mohammed Hassan holds the position of the Executive Director of Finance at QDB overseeing financial planning and participating in taking significant strategic and investment related decisions to ensure the sustainable growth of the bank’s operations.

Ibrahim sits on various boards of directors and executive committees being in charge of the strategic and operational overseeing of QDB’s portfolio of investment in subsidiaries and associates.

In addition to his role as the CFO of QDB, Ibrahim is also Executive Director of Investment; a role that he has held since March 2017. The investment team is managing a QAR 365 million venture capital fund with a mandate to support Qatari and local entrepreneurship aiming to build the required capacities to achieve scalability.

Ibrahim Hassan holds a Bachelor of Science in Business Administration from Carnegie Mellon University in Qatar and is a Member of CFA Institute.

Mohsin Mujtaba

Mohsin Mujtaba

Director, Product and Market Development, Qatar Stock Exchange
Mohsin Mujtaba
Mohsin Mujtaba
Director, Product and Market Development, Qatar Stock Exchange

Mohsin Mujtaba is the director of products and market development at the Qatar Stock Exchange (QSE) where he is leading new initiatives to position the QSE as a multi-asset platform of global significance. He has been responsible for launching the largest exchange-traded fund platform in the MENA region at the QSE. He is currently focused on developing new products such as derivatives, REITs and ESG investment solutions for QSE customers. He also works closely with market participants and regulators to further improve the Qatari market structure.

Mohsin played an instrumental role in achieving Emerging Markets status for Qatar by MSCI and FTSE. Prior to that, he spearheaded the launch of the secondary market for treasury bills and government bonds at the QSE. He also served as the executive advisor to the CEO and helped in charting the exchange strategy that led to a strategic partnership between the State of Qatar and NYSE Euronext in 2009. Before joining the QSE, Mohsin was the chief systems architect at Wavetech where he was responsible for delivering customer-centric solutions and advising the capital market industry in Pakistan and the GCC region. He works closely with asset owners, investment managers and brokers to develop ideas and exchange traded products for the Qatari market.

Tahir Hayat Pirzada

Tahir Hayat Pirzada

GM, Group Treasurer and Financial Institutions, Masraf Al Rayan
Tahir Hayat Pirzada
Tahir Hayat Pirzada
GM, Group Treasurer and Financial Institutions, Masraf Al Rayan

Tahir joined the Group in December 2021 as part of the merger with Al Khalij Commercial Bank (al khaliji) where he held a similar position since 2015. He started working with the Bank in 2007.

He has over 30 years of banking experience in leading regional and international banks, having previously worked in Dubai Bank PJSC, ABN AMRO Bank N.V., Prime Bank and First International Investment Bank in variety of roles in Treasury, Investments, DCM and Corporate/Institutional Banking

Tahir holds an MBA (Finance) from Imperial College of Business Studies, Pakistan.

Dialogues Partners

LEAD PARTNERS

Al Rayan Investment

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Established in 2007 in Doha, Qatar, Al Rayan Investment LLC (ARI) is a leading investment firm, focused on asset management and corporate advisory.

Asset Management boasts a world-class investment team with an enviable track record. Products and services are offered across public equities (Qatar and the Gulf), global sukuk and money markets.

Our corporate Advisory practice, partners with clients to achieve their strategic objectives. Engagements include equity listings and IPOs, sukuk issuance (US$ and Qatari Riyal), strategic advisory, and mergers and acquisitions.

Clients benefit from the deep knowledge, professionalism and specialist local and global experience of the ARI team. Our overriding aim is to be the most trusted financial service partner.

ARI is 100% owned by Masraf Al Rayan QPSC and is authorised by the QFC Regulatory Authority and regulated by the QFMA. All products and services offered are in compliance with Sharia principles.

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Masraf Al Rayan

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Masraf Al Rayan is one of the world’s largest fully-fledged Shariah compliant banks operating in Qatar, the UK, France, and the UAE, with assets exceeding QAR162 billion (US$44 billion). It offers a comprehensive range of products and services through its various business lines including corporate banking and SME, retail and private banking, treasury and financial institutions as well as asset management and financial advisory in conformity with Shariah principles and supervised by the Shariah Supervisory Board. As a sustainably conscious organization, the bank has launched Qatar’s first Shariah compliant Green Deposit and Islamic Sustainable Finance Framework. Masraf Al Rayan’s footprint in Qatar includes 16 branches and 110 ATMs located throughout Qatar’s major cities, including malls, traditional souqs, and business districts. Additionally, it offers 24/7 banking services via its state-of-the-art digital channels web and mobile banking.

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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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The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)

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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.

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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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IsDB Group Business Forum (THIQAH)

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The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitates contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging the IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.idbgbf.org)

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PARTNERS

Hejaz

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Hejaz is a leading financial institution that delivers a broad range of Islamic financial services across investment management, superannuation services, financial advice and lending to a large and diversified client base that includes corporations, financial institutions and individuals.

Founded in 2014, the firm is headquartered in Melbourne, Australia and maintains a presence all around the world.

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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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STANDARDS AND KNOWLEDGE PARTNER

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LEAD MEDIA PARTNERS

Islamic Finance news

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Islamic Finance news (IFN) is the company’s principal publication. IFN is a digital, subscription-based publication available online and through smartphone and tablet applications. Published weekly, the journal provides exclusive and comprehensive coverage of the global Islamic financial markets through in-house analysis and expert external contributions; in addition to a daily news service, additional quarterly supplements and a variety of special annual issues.

Differentiated by trusted relationships across the industry since 2004, IFN is able to leverage an unrivalled network of contacts and connections to provide unparalleled insight into the issues affecting global Shariah compliant markets: along with in-house analysis, news, interviews, reports, industry and sector data, and much more.

With an archived website containing over 80,000 exclusive reports, the IFN portfolio also hosts a suite of proprietary tools including the industry’s largest interactive terminology glossary, a directory of over 9,000 global Islamic financial institutions and a portal to Islamic Banking Intelligence, the most comprehensive source of segmented Islamic banking financial data.

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IFN Fintech

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Fintech is one of the most exciting sectors of the global financial industry, breaking boundaries and challenging preconceptions in one of the shake-ups of the century. A new class of financial players is disrupting the status quo – and financial institutions must embrace this change or face being left behind as the financial landscape transforms beyond recognition.

But although fintech as a whole has been well-served by the media, the Islamic segment has so far made limited penetration on public consciousness – despite the enormous potential it represents for the industry. There is a clear chasm between the multitude of pioneering entrepreneurs, start-ups and fintech firms making waves in the Islamic space; and the interested investors, institutions and stakeholders keen to explore these opportunities.

Recognizing this information gap, IFN is delighted to introduce to you a bespoke multi-channel platform – IFN FinTech.

Comprised of four tranches, IFN FinTech is a one-stop-shop for industry knowledge, networking and communication – supported by our unrivaled global network, our strong social media platform and our trusted multimedia Islamic finance offering.

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IFN Sustainable

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IFN Sustainable, comprises a dedicated portal, weekly news alert, audio and video podcasts, interviews, data, exclusive reports, case studies, research, virtual roundtables, and hybrid forums. With a focus on the latest news and developments, IFN Sustainable is also be a pivotal platform for thought leadership and the launch of new products and services within the industry. IFN Sustainable also partners with some of the leading organizations associated with the Islamic and sustainable finance industry, providing holistic coverage.

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IFN Investor

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The Islamic investment industry is a fastgrowing and dynamic sector within the Islamic finance space, with a ballooning pool of assets under management, reflecting a rapidly increasing demand for Islamic investment products.

Yet this increased demand has not been matched by increased activity in the media space.

And, although IFN has been reporting on the Islamic investment market for almost 20-years, we noticed we could do more and decided to rectify this imbalance.

After extensive research and surveying of the global Islamic investor industry on what they would like to see, we have designed and built a one stop portal for all those involved or interested in the local, regional, and global Shariah compliant investment market.

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IFN Monthly Review: May – Sovereign issuers take top billing

Sovereign Sukuk issuers took center stage this month, with Nigeria, Bangladesh and Oman returning to the market and Pakistan launching...

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Qatar: Proof of growth

The Islamic banking and finance sector of the State of Qatar has proven to be resilient, having overcome some hardships…

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Qatar and Rwanda renew partnership to develop financial sector

The financial centers of Qatar and Rwanda have renewed a previous agreement to jointly develop the financial sector…

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Qatar learns from Malaysia to establish first captive Takaful company

With two captive insurance companies under its jurisdiction, the Qatar Financial Centre (QFC) is now looking…

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The Previous IFN Qatar Dialogues

IFN Qatar Dialogues 2023

As one of the wealthiest nations in the world, Qatar’s economic influence cannot be understated. Its affinity with Shariah as well as hunt for economic diversification has guided the State’s nurturing of its Islamic banking and finance industry, which continues to post steady growth year-on-year

The IFSB ranks Qatar as the fifth top Islamic banking market by assets and the country has witnessed a handful of landmark Sukuk issuances. The State was decisive in prohibiting Islamic window operations in 2011 in pursuit of stronger Shariah governance and solid fundamentals for its Shariah finance industry. Authorities continue support the sector with new measures. In October 2022, Qatar Central Bank issued for the first time treasury Sukuk to aid Islamic banks manage their liquidity as well as to ease issuers entry into the Sukuk market.

Home to one of the largest Islamic banks in the world and an increasingly vibrant fintech market, Qatar’s Islamic finance prospects are truly exciting.

After our first ever event in Doha in 2015, we are thrilled to be back in Qatar in 2023. This time we are bringing the highly acclaimed IFN Dialogue series to the Arabian Peninsula. With the help of leading market experts and industry practitioners, we will navigate the Qatari Islamic finance landscape with the aim of harnessing the State’s latent potential across different sectors of the Islamic finance economy, from banking to Takaful and capital markets as well as fintech. IFN Qatar Dialogues 2023 will be held in partnership with Qatar Financial Centre and College of Islamic Studies (CIS) at Hamad Bin Khalifa University (HBKU).

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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, 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.

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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]

Our Publications

  • Islamic Finance news
  • IFN Investor
  • IFN Sustainable
  • IFN Fintech

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