Date: 9th September 2019
Venue: Shangri-La Bosphorus, Istanbul
Speakers: 40 Speakers
An all New Exciting Format for IFN Turkey
Following extensive research, we have taken the bold move to transform the annual IFN Turkey event from the standard ‘Forum’ setting to one of exclusive, interactive and hugely development focused Dialogues. This is where the future of events lies:
Objectives of the Dialogues
Organised to a somewhat different format from our previous IFN Turkey Forums, the IFN Turkey Dialogue will provide market players with an opportunity to come together and discuss how to advance and develop the participation finance industry in Turkey. The longer sessions – each session is 90-minutes – will enable participants to share in-depth analysis, experiences, information and views that may be more appropriately discussed in a smaller, more exclusive environment. The Dialogues will also allow market players and regulators to provide bi-lateral feedback and suggestions on how the participation industry can be taken forward: what steps should be taken by regulators and how market players can assist.
Format and Follow-on
The Dialogues adopt the Chatham House Rule, designed to increase openness of discussion. Anyone who attends the Dialogue is free to use the information from the discussion but is not permitted to reveal or attribute comments made. At the conclusion of the Dialogues, IFN will produce a report summarizing key points discussed during the sessions. This report will then be distributed to Dialogue participants and relevant regulatory bodies. All recipients will be reminded of the confidential nature of this document.
Role of Regulators and Market Players during the Dialogues
Regulators are invited to attend the Dialogues. They need not actively participate in discussions but are of course welcome to do so. Market players are encouraged to use this opportunity to raise issues that they would not otherwise feel comfortable discussing in an open forum. The Dialogues are an opportunity to raise, debate, analyse and examine current issues affecting the participation finance industry among a group of peers. They offer a unique platform to share concerns with regulators – those in the room and those who will eventually receive the Dialogue report. Finally, it is also an ideal setting to discuss potential collaboration that will ultimately benefit the domestic market.
Pre-Dialogue Preparation and Agenda Setting
All Dialogue participants will be confirmed and announced two weeks prior to the event taking place. At that point, IFN will invite participants to provide input on key issues, questions and points that will ultimately shape the agenda and drive the Dialogue discussion and will also ask participants to identify and share topics and areas they would like to be addressed on.
Preliminary Agenda, 9th September
How we build our programs
Our Events offer participants a holistic view of latest industry trends in a succinct one-day program format. Our agendas are compiled after in-depth research is undertaken through research reports and interviews, in house content and discussions with market participants. For each event an advisory board comprising the industry’s leading practitioners and regulators is assembled to offer advice on content, speakers, flow and format. The agenda is circulated to the advisory board for final comments before our team initiates the speaker invitation process.
Financial Institutions Manager, Financial Markets Department, Ziraat Participation Bank
Proposition Sales, Trading Solutions, Refinitiv
Managing Director, Debt Capital Markets and Advisory, UNLU Yatirim Holding
Global Head of Islamic Finance, Fitch Ratings
Dr Cigdem Ayozger Ongun
Executive Director, DDGI
Senior Vice-President, Capital Markets, Investment Banking at Turkiye Kalkinma ve Yatirim Bankasi
Assistant Vice-President, Investment Banking Department, Turkiye Emlak Katilim Bankasi
Head of Fund Management and Fund Services, Katilim Emeklilik
Manager, Board Reporting Department, Albaraka Turk Katilim
Senior Portfolio Manager, Global Ethical Fund
Senior Expert, Ministry of Treasury and Finance
Board Member, Finberg/Co-Founder of Fintech Istanbul
Senior Vice-President, Development and Investment Bank of Turkey
Mine Sule Yazgan
Credits and Banking Relations Director/Finance Director, Yildiz Holding
Senior Country Manager, ICIEC Headquarters, Islamic Corporation for the Insurance of Investment & Export Credit
Chief Economist, ICBC Turkey
Partner, YAK Attorney Partnership
Managing Director, Head of Corporate Finance at Yapi Kredi Invest
Head of Asset Liability Management (ALM) and Capital Markets, Emlak Katilim Bankasi
Sheikh Bilal Khan
Chief Islamic Finance Officer, Astana International Financial Centre
Partner, Winston & Strawn
Managing Partner, UP Capital & Strategy
Managing Editor, Islamic Finance News
Last Visit to Istanbul
Turkey is seen as a rising participation finance (Islamic finance) star. Over the years, the strong commitment from the authorities to create a holistic participation finance ecosystem has led the sovereign to introduce new regulations and reform others while pushing for the industry to take a bigger role in Turkey’s financial system. By 2025, the Turkish participation banking sector is expected to hold a 15% market share from 5.1% at the end of 2015 when total assets of participation banks reached TRY120.3 billion (US$18.2 billion).
Turkey still has a long way to go to achieve its goal in terms of modernization, standardization and innovation – taxation issues on participation financial contracts need to be ironed out and the lack of corporate issuances remains unsettled together with Turkey’s stand in terms of fintech. The project of establishing a national Shariah board will certainly address certain issues that market players are currently facing, but not all of them.
Once again, IFN Turkey Forum will return to Istanbul in September 2018 to shine the spotlight on participation finance’s bright future in Turkey.
Having attended the IFN conference every year for the last five years, I was very pleased to see the interest from various market players both from Turkey and the rest of the world. As discussed in the panel session that I participated in, there are various opportunities in the market to use Sukuk as an alternative financing tool. Yes, we also have some difficulties along the way but we will get there. This year’s event was another strong testimony of it!
A great event, packed with so much knowledge and great speakers, I am honored once again to be part of the event as a speaker. I had the chance to discuss all the aspects of the fintech industry from regulation to technology.
I did enjoy the event and networking during the breaks. Thank you for your kind invitation and support. I found the event very timely given the developments in Turkey and the forum has managed to address those issues not only in the country but also in the geopolitical context.
It was a great experience for me. In addition, I had the chance to meet very experienced business partners at the event. Thank you for your great effort and congratulations on your success. I will be glad to participate in the event as a speaker next year and looking forward to hear about your progress.