Date: 9th September 2019

Venue: Shangri-La Bosphorus, Istanbul

Attendees: 122

Speakers: 28 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.

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DIALOGUE AGENDA

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.

09:20 – 09:30
Welcome and Introduction
09:30 – 11:00
DIALOGUE ONE

Aligning Participation Banking for Success in Turkey 

  • What needs to be done to further align participation banking with the aims, objectives and structure of the Turkish financial services industry?
  • How can participation retail, corporate and commercial banking play a more meaningful role in the Turkish economy?
  • What developments have been seen in the Turkish Takaful market and what more needs to be done?
  • What tools are available to domestic participation banks to allow more effective management of liquidity?
  • How effective are current participation banking regulatory frameworks in Turkey?
Moderator:

Ozge Konukcu, Partner, YAK Attorney Partnership

Panelists:

Abdullah Altinkaya, Financial Institutions Manager, Financial Markets Department, Ziraat Participation Bank
Bashar Al-Natoor, Global Head of Islamic Finance, Fitch Ratings
Feyzullah Orman, Manager, Board Reporting Department, Albaraka Turk Katilim
Mine Sule Yazgan, Credits and Banking Relations Director/Finance Director, Yildiz Holding
Sera Somay, Partner, Paksoy
Serhan Yildirim, Head of Asset Liability Management (ALM) and Capital Markets, Emlak Katilim Bankasi

11:00 – 11:30
Coffee Break
11:30 – 11:40
Presentation: Alignment Between Turkic Markets of Turkey and Central Asia — Opportunities for Participation Banks and Financial Institutions in CIS Markets

Sheikh Bilal Khan, Chief Islamic Finance Officer, Astana International Financial Centre

11:40 – 13:10
DIALOGUE TWO

Growth and Innovation of Capital Markets and Asset Management in Turkey: Highlights and Opportunities 

  • What opportunities do innovations such as commodities-backed Sukuk, Sukuk funds, securitization funds, REITs and Waqf offer the Turkish capital market and asset management sectors?
  • How can corporates and financial institutions in Turkey diversify funding and capital-raising programs and what is the potential for syndicated finance and Sukuk issuance among medium-sized corporates?
  • What market developments need to take place before Shariah compliant funding options become mainstream — credit enhancement, liquidity, regulation, ratings and the development of domestic secondary markets.
  • What’s a realistic assessment of the pension fund industry in Turkey and how can the participation finance industry play a role?
  • How effective are current capital markets and asset management regulatory frameworks in Turkey?
Moderator:

Orhan Kaya, Chief Economist, ICBC Turkey

Panelists:

Ayse Akkin, Managing Director, Debt Capital Markets and Advisory, UNLU Yatirim Holding
Dilan Pamir, Senior Vice-President, Capital Markets, Investment Banking at Turkiye Kalkinma ve Yatirim Bankasi
Esma Karabulut, Assistant Vice-President, Investment Banking Department, Turkiye Emlak Katilim Bankasi
Fatih Bozkurt, Head of Fund Management and Fund Services, Katilim Emeklilik
Hakan Ozyon, Senior Portfolio Manager, Global Ethical Fund
Oguz Aktuna, Senior Country Manager, ICIEC Headquarters, Islamic Corporation for the Insurance of Investment & Export Credit
Onur Aksoy, Head of Debt and Equity Capital Markets, TSKB
Sadik Culcuoglu, Managing Director, Head of Corporate Finance at Yapi Kredi Invest
Umut Emirler, Managing Partner, UP Capital & Strategy

13:10 – 13:30
Refreshments
13:30 – 15:00
DIALOGUE THREE

Digitization and Financial Technology in Turkey 

  • What role does technology play in the Turkish participation finance services industry today?
  • What are the latest trends and developments in terms of platforms, products and delivery channels across the Turkish participation finance services industry?
  • What needs to be implemented for financial technology investment to thrive in Turkey?
  • What model ensures successful integration of investors, accelerators and technology entrepreneurs and where and how will the next wave of investment opportunities in fintech take place?
  • Can venture capital and private equity ever truly be Shariah compliant, and what role do they play in participation fintech?
  • How effective are current financial technology regulatory frameworks in Turkey?
Moderator:

Vineeta Tan, Managing Editor, Islamic Finance News

Panelists:

Asli Sahin, Proposition Sales, Trading Solutions, Refinitiv
Dr Cigdem Ayozger Ongun, Founder, SRP-Legal
David Testa, Executive Director, DDGI
Didem Altop, Co Founder and Managing Partner, 2C Consulting & Project House
Ihsan Elgin, Board Member, Finberg/Co-Founder of Fintech Istanbul

15:00 – 15:15
Refreshments
15:15 – 16:45
DIALOGUE FOUR

Islamic Finance and Environmental, Humanitarian and Socially Responsible Investment: Opportunities for Development and Growth 

  • What is the potential for responsible, humanitarian, environmental and green finance and how can ethical and participation finance can become closer interlinked in Turkey?
  • What role can participation and ESG asset management play toward achieving humanitarian and sustainable development goals?
  • Do green bonds and Sukuk offer viable long-term investments and how can the industry address the relative scarcity of credible climate-related and socially responsible investment opportunities?
  • The investment climate of Istanbul as the city pursues to become an international finance centre 
Moderator:

Vineeta Tan, Managing Editor, Islamic Finance News

Panelists:

Huseyin Unal, Senior Expert, Ministry of Treasury and Finance
Mehmet Onur Partal, Project Director, Invest in Istanbul
Melek Gur, Senior Vice-President, Development and Investment Bank of Turkey
Shibeer Ahmed, Partner, Winston & Strawn

16:45
Dialogue Conclusion

For speaking opportunities, please contact:

Vishnu Gopaldas
Event Production Director
[email protected]
Direct Line: +603 2162 7800 ext 43
Fax: +603 2162 7810

PRESENTATION SLIDES

Presentation: Alignment Between Turkic Markets of Turkey and Central Asia — Opportunities for Participation Banks and Financial Institutions in CIS Markets

Sheikh Bilal Khan, Chief Islamic Finance Officer, Astana International Financial Centre

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DIALOGUE SPEAKERS

Abdullah-Altinkaya

Abdullah Altinkaya
Financial Institutions Manager, Financial Markets Department, Ziraat Participation Bank

Asli-Sahin

Asli Sahin
Proposition Sales, Trading Solutions, Refinitiv

AyseAkkin

Ayse Akkin
Managing Director, Debt Capital Markets and Advisory, UNLU Yatirim Holding

Bashar-Alnatoor

Bashar Al-Natoor
Global Head of Islamic Finance, Fitch Ratings

Dr. Cigdem Ayozger Ongun, Founder, SRP-Legal

Dr Cigdem Ayozger Ongun
Founder, SRP-Legal

spk-Davidtesta

David Testa
Executive Director, DDGI

Didem Altop, Co Founder & Managing Partner at 2C Consulting & Project House

Didem Altop
Co Founder and Managing Partner, 2C Consulting & Project House

Dilan-Pamir

Dilan Pamir
Senior Vice-President, Capital Markets, Investment Banking at Turkiye Kalkinma ve Yatirim Bankasi

Esma-Karabulut

Esma Karabulut
Assistant Vice-President, Investment Banking Department, Turkiye Emlak Katilim Bankasi

Fatih-Bozkurt

Fatih Bozkurt
Head of Fund Management and Fund Services, Katilim Emeklilik

Feyzullah-Orman

Feyzullah Orman
Manager, Board Reporting Department, Albaraka Turk Katilim

Hakan Ozyon, Senior Portfolio Manager, Global Ethical Fund

Hakan Ozyon
Senior Portfolio Manager, Global Ethical Fund

Huseyin-Unal

Huseyin Unal
Senior Expert, Ministry of Treasury and Finance

Ihsan

Ihsan Elgin
Board Member, Finberg/Co-Founder of Fintech Istanbul

Mehmet-Onur

Mehmet Onur Partal
Project Director, Invest in Istanbul

Melek Gur, Senior Vice President, Development and Investment Bank of Turkey

Melek Gur
Senior Vice-President, Development and Investment Bank of Turkey

Mine-Sule-Yazgan-linkedin

Mine Sule Yazgan
Credits and Banking Relations Director/Finance Director, Yildiz Holding

Oguz-Aktuna

Oguz Aktuna
Senior Country Manager, ICIEC Headquarters, Islamic Corporation for the Insurance of Investment & Export Credit

Onur-Aksoy

Onur Aksoy
Head of Debt and Equity Capital Markets, TSKB

Orhan-Kaya

Orhan Kaya
Chief Economist, ICBC Turkey

Ozge-Konukcu

Ozge Konukcu
Partner, YAK Attorney Partnership 

SadikCulcuoglu

Sadik Culcuoglu
Managing Director, Head of Corporate Finance at Yapi Kredi Invest

SeraSomay

Sera Somay
Partner, Paksoy

Serhan Yildirim Head of Asset Liability Management (ALM) and Capital Markets, Emlak Katilim Bankasi

Serhan Yildirim
Head of Asset Liability Management (ALM) and Capital Markets, Emlak Katilim Bankasi

Sheikh-Bilal-Khan

Sheikh Bilal Khan
Chief Islamic Finance Officer, Astana International Financial Centre

spk-ShibeerAhmed

Shibeer Ahmed
Partner, Winston & Strawn

Umut Emirler, Managing Partner, UP Capital & Strategy

Umut Emirler
Managing Partner, UP Capital & Strategy

spk_vineeta

Vineeta Tan
Managing Editor, Islamic Finance News

DIALOGUE PARTNERS

MULTILATERAL STRATEGIC PARTNERS

PARTNERS

MEDIA PARTNERS

Last Visit to Istanbul

IFN Turkey Forum 2018

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.

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Testimonials

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!

Mufit Arapoglu
Partner, Balcioglu Selcuk Akman Keki Attorney Partnership

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.

Dr Cigdem Ayozger Ongun
Founder – Managing Director, SRP Legal

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.

Leilya Shamel
Associate Director, Business Development, DDCAP

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.

Dr Menevse Ozdemir Diliduzgun
Vice-President, Debt Capital Markets Advisory, Halk Invest

The event provided excellent ideas regarding potential opportunities and development areas in Islamic finance for moving forward. It covered the right topics, variety and quality of selected panelists and provided a networking opportunity. I am honored to be part of the event as a speaker and had an opportunity to discuss my views on the growth of the Sukuk market and Islamic capital market instruments and also the necessary steps to be taken in Turkey.

Esma Karabulut
Assistant VP of Investment Banking, Turkiye Emlak Katilim Bankasi

Many thanks to IFN and Redmoney for organizing such a successful international event in Istanbul. The event provided participants the insights on the latest developments relating to the Islamic finance as well as fintech environment, challenges and opportunities including laws and regulations in Turkey. It was a great pleasure to participate in such a highly informative and interactive event.

Dr Cigdem Ayozger Ongun
Founder, SRP-Legal

Congratulations for the successful event in Istanbul. The venue was excellent and the topics were well chosen, addressing issues facing the Islamic finance industry in Turkey. The format of the Dialogues allowed the moderators, the speakers and the audience to interact and the time dedicated was sufficient to cover the issues comprehensively.

Oguz Aktuna
Senior Country Manager, ICIEC Headquarters, The Islamic Corporation for the Insurance of Investment & Export Credit

The event has served as an excellent opportunity which allowed us to reach and network with our target audience. We had the chance to discuss and keep abreast of industry-specific topics related to the development of Islamic finance in Turkey.

Abdullah Altinkaya
Financial Institutions Manager, Financial Markets Department, Ziraat Participation Bank

IFN Dialogues provide a valuable platform to share experiences, ideas and also to expand our network. Also, the new format in 2019 enabled constructive discussions. Thank you very much to the REDmoney team.

Dilan Pamir
Senior Vice-President, Capital Markets, Investment Banking at Turkiye Kalkinma ve Yatirim Bankasi

I found the event very informative and insightful about the current situation and future of participation banking in Turkey. It has also been great to engage with professional colleagues.

Mine Sule Yazgan
Credits and Banking Relations Director/Finance Director, Yildiz Holding

It has been a great pleasure for us to take part in IFN Turkey Dialogues 2019. The event was very successful and beneficial for discussing and elaborating on Islamic finance in general with a particular focus on its implementation and expected growth in Turkey. Panels held during the event, with distinguished individuals representing different actors in the finance market, were very efficient and dynamic platforms for exchanging experiences, thoughts and views on Islamic finance in general, specific products and its implementation in Turkey.

Ozge Konukcu Partner, YAK Attorney Partnership
Ozge Konukcu
Partner, YAK Attorney Partnership

For any inquiries contact us

Our team will be glad to answer any questions you may have about this event.