H.E. Dr Fahad Abdullah Aldossari
Deputy Governor, Saudi Arabian Monetary Authority
A NEW, LIVE, DIFFERENT & EXCLUSIVE EXPERIENCE
9th & 10th November 2020, Online
A NEW, LIVE, DIFFERENT & EXCLUSIVE EXPERIENCE
9th & 10th November 2020, Online
Date: 9th & 10th November 2020
Venue: Online
ATTENDEES 436
HASHTAG #ifnevents
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ABOUT THE FORUM
IFN returns to Saudi Arabia for the seventh time to host one of the biggest events in its annual calendar. IFN Saudi Arabia Forum 2020 Will be held Online to explore the opportunities in one of the most active and influential markets in the Islamic financial world, bringing the Kingdom onto the global stage and opening up the market for local, domestic and international players interested in entering this most vibrant of industries.
Forum Agenda
Keynote Address
Back-to-Basics: Opportunities for Islamic Finance to Flourish in Saudi Arabia
The world has changed. How our industry - Islamic banking, finance and investment - chooses to respond to these changes may be a generation-defining moment. How can Islamic finance mobilize in Saudi Arabia to address the imminent challenges of the real economy and provide not just liquidity support, but solvency support to the Saudi SME and corporate sector? Can Islamic finance in the Kingdom use this opportunity to become truly responsible, inclusive and ethical, while at the same time contributing to the country’s growth and development? How can we as an industry ensure this is substance over form on a permanent basis? How can the core values of Islamic finance be further applied to sustainable and socially responsible finance and investment strategies and how can the UN Sustainable Development Goals be applied to the Kingdom’s Islamic finance activities? How can Islamic finance continue to play a role in the progress and development in Saudi Arabia’s important housing, mortgage finance and privatization programs? We ask a respected panel for a new roadmap to success for Islamic banking, finance and capital markets in Saudi Arabia.
Moderator:
Abdulkader Thomas
Group CEO, SHAPE™ Knowledge Services
Panelists:
Dr Ahmed Elkhodary
Director of Strategy and Transformation, Islamic Development Bank
Asad Ahmed
Managing Director, Alvarez & Marsal
Mahmoud Abdel-Baky
Partner, Dentons
Paul Latto
Partner, DLA Piper seconded to Alshahrani Almansour
Dr Sutan Emir Hidayat
Director of Islamic Economy Supporting Ecosystem, National Committee of Islamic Finance
Funding, Infrastructure, Capital Markets and Responsible Finance Initiatives in Saudi Arabia
With the Kingdom issuing its first green Sukuk, how can sustainable and responsible finance make further progress in Saudi Arabia and can the UN Sustainable Development Goals be applied to the Kingdom’s Islamic finance and investment activities? Are social bonds an opportunity for the Kingdom? Are regulatory Sukuk still a viable option for Saudi Arabian banks seeking to enhance liquidity and capital management, while diversifying funding sources? Where is the Saudi Arabian asset management industry heading and how has the progress been for recent product innovations, particularly Real Estate Investment Trusts and Sukuk Funds? What is the potential of Waqf for capital markets in Saudi Arabia? How is Waqf typically structured and what are the main variations? Lastly, we examine the Kingdom’s infrastructure requirements in the coming years and ask what can be funded through Islamic facilities, how can risk be effectively managed and do public/private partnerships offer a viable opportunity?
Moderator:
Dr John Sandwick
General Manager, Safa Investment Services
Panelists:
Ashraf Madani
Vice-President, Moody’s Investors Service
Lawrence Oliver
Deputy CEO, DDCAP Group
Nicolas Bremer
Partner, Alexander and Partner
Paul McViety
Head of Islamic Finance, DLA Piper
Zaineb Sefiani
Founder and Director, Carrera Learning
ADVISORY BOARD
Abdulkader Thomas
Group CEO, SHAPE™ Knowledge Services
Nitish Bhojnagarwala
Vice-President, Senior Credit Officer, Moody’s Investors Service
Zaineb Sefiani
Founder and Director, Carrera Learning
FORUM Partners
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:Â [email protected]
Website:Â 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:Â @ITFCCORP
Facebook:Â @ITFCCORP
Linkedin:Â International Islamic Trade Finance Corporation (ITFC)
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail:Â [email protected]
Website:Â 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.
Dentons
Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’s polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.
DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning them to help clients with their legal needs around the world.
They are the only international law firm with an on-the-ground presence in all six GCC countries, with nine offices across the Middle East, 29 partners and over 100 lawyers. DLA Piper advise on the full spectrum of legal services through seven dedicated practice groups: corporate; employment; finance and projects; intellectual property and technology; litigation, arbitration and investigations; real estate; and restructuring.
Eiger
Eiger Trading Advisors (Eiger) is a UK-based asset-trading and technology company founded in 2008, which specializes as an intermediary in Islamic financial products.
As a leading intermediary and technology provider within the commodity Murabahah space, Eiger has the unique capabilities to deliver Shariah compliant commodity trading solutions through the Eiger Trading Platform (ETP), a web-based trading system, that we tailor to our bank clients’ exact operational requirements.
The ETP automates the structuring and execution of Islamic banking products for wholesale and retail commodity-backed transactions, including two new enhanced modules:
- ETP Retail – A 24/7 STP platform designed to automate the end-to-end commodity Murabahah transactions underpinning retail banking products such as deposits, loans, CASA, credit cards
- ETP Client Reach – A bespoke middle and back office module designed to streamline Islamic treasury and derivative transactions, including execution and documentation with our clients’ clients.
Eiger is authorized and regulated by the UK’s Financial Conduct Authority, and is both a member of the London Metal Exchange and an associate of the London Platinum and Palladium Market.
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.
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 Riyadh
Date: 28th April 2019
Venue: Mövenpick Hotel Riyadh
Attendees: 189
Speakers: 30 Speakers
Issuers & Investors Forum will feature prominent players from all over the globe, market experts and regulators to share their knowledge and expertise with the Saudi Arabia market. It will explore the opportunities within the country for Islamic issuers, investors, corporates and financial institutions.
This one day event on the 28th April 2019 will feature an Issuers and Investors and will address key issues pertinent to Saudi Arabia’s current economic climate and follow up on the latest developments within the region’s Islamic financial market.
For any inquiries contact us
Our team will be glad to answer any questions you may have about this event.