Date: 5th April - 26th May 2021
Venue: Online
Attendees:
HASHTAG #ifnevents
About The Roadshow
Over the past fifteen years, we at IFN have produced and delivering over 150 physical Islamic finance events in more than 40 countries to over 45,000 delegates. But 2020 and the global pandemic showed us that virtual events offer an excellent opportunity to reach a broader more diverse audience.
Welcome to the IFN OnAir Roundtable Roadshow, a series of 10 carefully selected, key, emerging, Islamic financial markets, packaged together, to deliver the global IFN audience with an outstanding understanding of each.
Each 90-minute Roundtable will include a keynote and a distinguished expert panel of that markets’ leading regulators and practitioners discussing and debating the fundamental issues and opportunities each holds. We’ll cover obvious areas such as capital raising, investment, financial technology, and the local retail sector, yet we’ll also delve into each market’s more unique attributes and offerings.
An Introduction to 2021
At REDmoney, 2020 taught us much about the state of the events business. What works, what doesn’t and how to continue delivering unparalleled programs to our global audience.
It’s a fundamental element of our business going forward, and we will continue to adapt to ensure we remain relevant and our events remain the industry’s best.
The global appetite and requirements for converging has shifted and now more than ever, we are strategically planning our events to adapt to these changes in the face of disruption without compromising on the quality of knowledge transfer and outreach.
Technological advancements have given rise to exciting opportunities in developing new formats that allows unlimited real time interaction remotely.
Moving forward, we will deliver a blend of physical and online events, ensuring the best of both worlds. Physical interaction is important to many, whilst travel and time away from the office isn’t always necessary to reach new markets.
For 2021, through careful research and planning, we have curated bespoke events online and offline with your interest in mind.


Monday, 5th April 2021

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This is the 2nd IFN Bangladesh event.
Demand for Islamic banking in Bangladesh is on the rise as a result from the country’s robust economic growth, rising population and expanding middle-class.
Bangladesh Bank issued Islamic banking guidelines in 2009; the Securities and Exchange Commission announced it was working on regulations for Sukuk and derivatives in 2019; and the central bank have also issued the Refinance Scheme for Investment in green products or Initiatives targeted at Islamic banks and financial institutions.
Bangladesh boasts 11 fully-fledged Islamic banks and 15 Islamic windows, holding almost 24% of the country’s deposits and investments. There are 11 Takaful operators and about 12 conventional insurers offering Takaful products.
The government issues regular Islamic Investment Bonds; there have been numerous Sukuk issuances, particularly among financial institutions; there are two Islamic indices; numerous Islamic funds; and there’s a robust Islamic Fintech sector.
So much to cover. So much to learn. So many opportunities.
What does the Bangladeshi Islamic finance landscape look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Bangladesh? How can regulatory, Shariah governance and legal frameworks be developed and implemented to support Islamic finance? Are current liquidity management tools for Islamic banks sufficient? Can Islamic finance, including Sukuk and syndication, be deployed to fund the Bangladeshi corporate and government-linked sector, as well as infrastructure development? What does the development of the Halal economy offer Bangladesh and what opportunities are on offer in this exciting sector? Is Islamic finance being effectively deployed to promote financial inclusion, sustainability and social impact in Bangladesh, and will we see the deployment of products such as green Sukuk? We ask a respected panel for their views.

Scott Levy
CEO, Bedford Row Capital

Md Touhidul Alam Khan
Additional Managing Director, Standard Bank

Wednesday, 14th April 2021

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This is the 4th IFN Morocco event.
Morocco’s Islamic finance industry has made great strides in the past three years to catch up with its peers, recording healthy growth in its different subsectors.
An Islamic finance bill was passed in 2014 and a commission dedicated to Islamic banking established in 2015, paving the way for Shariah compliant transactions. In 2017, the Kingdom approved five Islamic financial concepts and allowed the operation of Islamic windows, as well as giving the greenlight for Sukuk issuances and Takaful operations. In 2018, a wider range of Sukuk structures were allowed and a crowdfunding bill outlining regulations for Islamic platforms submitted, and in 2019, the House of Councillors approved a law allowing insurance companies to set up Takaful subsidiaries. Further, the central bank is planning for an Islamic interbank market as well as sovereign treasury Sukuk.
There are currently Eight banks in Morocco licensed to offer Islamic products.
This is a fascinating, developing, emerging market and is worth keeping a close eye on.
What does the Moroccan Islamic finance landscape, including Takaful, look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Morocco? Do Moroccan Islamic banks face liquidity challenges and what funding alternatives are available for these institutions? What role is Islamic finance set to play in the recovery of the Moroccan economy and what is the mandate of the Central Guarantee Fund? Can Islamic finance, including Sukuk, be further deployed to fund the Moroccan SME, corporate and government-linked sectors, as well as infrastructure development? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in Morocco, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Scott Levy
CEO, Bedford Row Capital
Ahmed Tahiri Jouti, Chief Operating Officer, Al Maali Consulting Group
Fouad Harraze, Director General, Al Akhdar Bank

Monday, 19th April 2021

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This is the 8th IFN Singapore event.
Known for being a global financial centre with a resilient economy and having a multicultural population, 14% of which are Muslims the Republic of Singapore has kept its Islamic finance and banking industry stable.
There is no specific, separate law on Islamic finance in the country, but the Monetary Authority of Singapore, has made some amendments to existing laws to accommodate Shariah compliant banking and finance, and issued the Guidelines on the Application of Banking Regulations to Islamic Banking in 2009.
Singapore has witnessed 20 international Sukuk issuances and 12 domestic.
In 2018, the FTSE ST Singapore Shariah Index, tracking Shariah compliant companies listed on Singapore Exchange was developed and launched.
Various Islamic fintech start-ups call Singapore home due to the Republics’ conducive fintech environment.
Sandwiched between Malaysia and Indonesia, and itself having its sophisticated wealth management expertise, Singapore is well positioned to develop a strong Islamic asset management repertoire.
What does the Singaporean Islamic finance and asset management ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Singapore? How does Singapore further leverage on its status to become a regional and global centre for Shariah compliant asset and investment management? Can Islamic finance be further deployed to fund the Singaporean SME, corporate and government-linked sector? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in Singapore, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Scott Levy
CEO, Bedford Row Capital

Wednesday, 21st April 2021
This is the 13th IFN Turkey event.
The Capital Markets Board first introduced regulations on Sukuk in 2010, and in 2012, sovereign Sukuk issuances were facilitated. In 2013, the government allowed for lease certificates to be structured under various Islamic concepts.
The first Sukuk facility issued was in 2010. The Turkish government made its sovereign Sukuk debut in 2012. It now regularly auctions gold based Sukuk and issues Islamic lease certificates.
Of the 53 banks in Turkey, six are fully-fledged Islamic banks.
There are three fully-fledged Islamic asset managers in Turkey, but conventional asset managers are permitted to offer Islamic products on a window basis, 99.8% of Turkey’s population is Muslim and it has a thriving participation banking sector. Islamic banking assets, which represent approximately 6% of total banking assets are predicted to double within 10 years due in large part to government support.

Tarik Akin
Head, Participation Finance Department, Finance Office of the Presidency of the Republic of Turkey
What does the Turkish participation finance landscape, including Takaful, look like in 2021 and what does the domestic participation finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for participation finance in Turkey? What role is participation finance set to play in the recovery of the Turkish economy and what is the mandate of the Central Advisory Board of Turkey? Can participation finance, including Sukuk, be further deployed to fund the Turkish SME, corporate and government-linked sector, as well as infrastructure development? Are the salient features and benefits of participation finance being effectively deployed to promote financial inclusion and social impact in Turkey, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Fatma Cinar
Manager, International Relations, Participation Banks Association of Turkey

Monday, 26th April 2021

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This is the inaugural IFN Offshore Centres event.
Offshore financial centres are gaining more popularity with Sukuk issuers and Islamic financial institutions looking at efficient and cost-effective tax planning and cross-border transactions.
With the likes of Bermuda, BVI, Cayman, Cyprus, Guernsey, Ireland, Jersey, Labuan, Liechtenstein, Luxembourg, Malta, Mauritius, Singapore, and numerous others with varying attributes competing for business, opportunities are rife.
Industry players seek those with political and economic stability; efficient corporate laws; and tax treaties. Others include regulations that accommodate Shariah transactions; mutual funds law; English legal system, anti-money laundering legislation; conducive administration tasks and costs; and less stringent license requirements.
In our first such event we’ll be discussing the various benefits and opportunities the numerous centres offer.
What do offshore centres offer Islamic finance in general, and which centres offer the most appeal for issuers of Sukuk? With offshore centres favoured by sovereign, quasi-sovereign and financial institutions, what are the opportunities for corporate issuers? Besides Sukuk, what other financing structures can be deployed? Considering heightened international scrutiny of offshore centres, what salient points of regulatory compliance do issuers need to know? How do the use of SPVs and trust structures benefit issuers? What innovation has been seen by offshore centres in terms of product structure and application, and is ESG driving further innovation? We ask a respected panel for their views.

Monday, 3rd May 2021

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This is the 3rd IFN CIS & Russia event.
Kyrgyzstan, Kazakhstan and Tajikistan have Islamic finance legislation in place, while Turkmenistan, Uzbekistan, and Russia do not. However, this market perhaps offers the most exciting opportunities for the Islamic finance industry over the coming years.
A Central Bank of Russia working group developed a roadmap for Islamic finance and, Takaful and Islamic securities, but these plans have yet to be implemented.
The IsDB currently has more than 130 ongoing projects in Central Asia collectively valued at US$3 billion, with a priority focus on infrastructure development. The IsDB also began discussions with the Central Bank of Russia in 2019, to prepare a framework for the launch of commercial Islamic banks.
With Sukuk issuances, Takaful operators, FinTech start-ups and a large Muslim population, the CIS & Russia region is a fascinating prospect.
What does the Islamic finance landscape look like in CIS and Russia in 2021 and what does the regional Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? How can regulatory frameworks and legal codes be developed and implemented in key jurisdictions? With such measures in place, what would constitute success for Islamic finance in CIS and Russia? What role is Islamic Finance set to play in the recovery of the regional economy, in particular the vital SME sector? Can Islamic finance be deployed to fund the regional oil and gas industry, as well as infrastructure development? Is the potential of the regional Halal economy a boon for the growth and development of Islamic finance in the CIS and Russia? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in the region, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Scott Levy
CEO, Bedford Row Capital

Monday, 10th May 2021

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This is the 2nd IFN South Africa event.
Islamic banking and finance in South Africa is governed by the same legislation as its conventional counterpart, with accommodations for Shariah compliant transactions. Sukuk were formally recognized in 2011 as an instrument for the government, but later in 2016, were opened up to public entities and listed companies.
South Africa boasts one fully-fledged Islamic bank and four banks offering Islamic products on a window basis. There are also two fully-fledged Takaful operators.
There are 11 asset management companies offering Shariah instruments with over 20 Islamic funds, including at least three exchange-traded funds (ETFs), in the South African Islamic fund space.
South Africa was the first African government to tap the global Sukuk market with its debut issuance worth US$500 million in 2014. A sophomore rand denominated
Sukuk facility is expected in 2021.
South Africa is a pioneer in the African Islamic finance space and will continue to develop it’s eager domestic market.
What does the South African Islamic banking landscape look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for participation finance in South Africa? What role is Islamic finance set to play in the recovery of the South African economy as well as that of the regional financial system? Can Islamic banking be further deployed to fund the South African SME, corporate and government-linked sector, as well as infrastructure development? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in South Africa, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Monday, 17th May 2021

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This is the 4th IFN Sri Lanka event.
Sri Lanka’s Banking Act, amended in 2005, allows commercial and specialized banks to offer Islamic finance products. In 2018, the Inland Revenue Act was amended so both Islamic and conventional finance deals are subject to the same tax treatment.
There are seven conventional banks with Islamic windows and one fully-fledged Islamic bank. There is also one fully-fledged Takaful operator and a few conventional operators offering Takaful products.
Sri Lanka’s debut Sukuk facility was issued in 2016 by LOLC Finance’s Al Falaah Islamic Business Unit, and in 2018, Citizens Development Business Finance issued various tranches of Sukuk Ijarah. A sovereign Sukuk issuance has been in the works since 2016.
With about 9% of the total 21 million-strong population of Sri Lanka being Muslim there is a demand for Shariah compliant financial products in the country. Sri Lanka is a unique and developing Islamic financial market with opportunities in all sectors.
What does the Sri Lankan Islamic finance landscape look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? How can regulatory frameworks and legal codes be developed and implemented? With such measures in place, what would constitute success for Islamic finance in Sri Lanka? What role is Islamic Finance set to play in the recovery of the Sri Lankan economy? Can Islamic finance, including Sukuk, be deployed to fund the Sri Lankan corporate and government-linked sector, as well as infrastructure development? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in Sri Lanka, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.

Monday, 24th May 2021

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This is the 2nd IFN Qatar event.
Qatar’s’ Islamic banking industry, with four fully fledged Islamic banks, enjoyed 26.1% of the total market share of global Islamic banking assets as at the third quarter of 2019.
The four Takaful operators enjoy a 45% domestic market share.
Abroad, QIIB founded Umnia Bank in Morocco. Masraf Al Rayan-owned Al Rayan Investment is working on establishing a fintech-based Islamic bank in Kazakhstan.
Islamic fintech is an area of focus, with Qatar Fintech Hub launching incubator programs to develop fintech start-ups focusing on Islamic finance, including
TakaTech and Shariah compliant cryptocurrency.
Qatar remains a global leader for the Islamic finance industry and with its sturdy regulations and progressive regulators, their position is not in jeopardy.
With the restoration of diplomatic relations between GCC states, can Qatar pick up where it left off? What does the Qatari Islamic finance landscape look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance in Qatar? What role is Islamic finance set to play in the recovery of the Qatari economy as well as that of the regional financial system? Can Islamic finance, including Sukuk, be further deployed to fund the Qatari SME, corporate and government-linked sector, as well as infrastructure development? What roles will public-private partnerships and structured real estate finance play in the Emirate, and what do Islamic finance structures offer? We ask a respected panel for their views.

Wednesday, 26th May 2021

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This is the 3rd IFN Nigeria event.
The past year has seen new fully-fledged Shariah compliant players enter the financial market in Nigeria, in addition to the Nigerian government reiterating its interest in tapping the Islamic capital markets.
There are two fully fledged Islamic banks; two Islamic banking windows operated by conventional banks; and four Shariah compliant microfinance institutions. There are five Takaful providers and several Islamic asset managers offering Shariah compliant funds, an Islamic ETF, and a Shariah compliant index.
The past two years have seen major developments in Nigeria’s Islamic finance and banking industry, with regulators reinforcing their support through updates in regulations and both the government and the private sector tapping the Islamic capital market. With Muslims making up almost 50% of the Nigerian population, Islamic finance and banking in the country has great potential.
What does the Nigerian Islamic finance landscape look like in 2021 and what does the domestic Islamic finance ecosystem still require from regulators and market participants for it to flourish across multiple product areas and asset classes? With such measures in place, what would constitute success for Islamic finance and investment in Nigeria? What role is Islamic Finance set to play in the recovery of the Nigerian economy as well as that of the regional financial system? Can Islamic finance, including Sukuk, be more effectively deployed to fund the Nigerian corporate and government-linked sector, as well as infrastructure development? Are the salient features and benefits of Islamic finance being effectively deployed to promote financial inclusion and social impact in Nigeria, and if not, what more can be done to promote this interaction? We ask a respected panel for their views.
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, panellists 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 cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.
The annual IFN Asia Forum has been the biggest event in the industry since its inception in 2006, attracting over 1,000 delegates annually. An annual line-up of Forums are also conducted across emerging markets and key jurisdictions. Included under REDmoney Events are the IFN Awards Ceremonies, which take place annually in Dubai and Kuala Lumpur, and attract more than 800 industry leaders.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.