Date: 9th September 2019

Venue: Istanbul

Attendees:

Speakers: 40 Speakers

About The Forum

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 on 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$18.82 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.

Forum Agenda

09:15 – 09:20
Welcome Remarks
09:20 – 09:30
Welcome Address
09:30 – 10.30
Aligning Participation Banking and Finance for Success in Turkey 

What needs to be done to further align participation banking and finance with the aims, objectives and structure of the Turkish financial services industry? How can participation retail, corporate and commercial banking and Takaful play a more meaningful role in the Turkish economy? 

Panelist:

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

10:30 – 11:30
Nurturing Digitization and Financial Technology in Turkey 

Through an expert panel we discuss the role of technology in the Turkish participation finance services industry, assessing the latest developments in platforms, products and delivery channels across a wide spectrum of financial services. 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? Finally, can venture capital and private equity ever truly be Shariah compliant, and what role do they play in the brave new world of participation Fintech? 

11:30 – 12:00
Coffee Break
12:00 – 12:45
Growth and Innovation of Capital Markets and Asset Management in Turkey: Highlights and Opportunities 

We look at the development of commodities-backed Sukuk, the initiation of domestic securitization programs, as well as recent investment management innovations such as equity index funds, Sukuk funds, securitization funds and REITs. We assess the diversification of funding for corporates and financial institutions in Turkey and the potential for syndicated finance and Sukuk issuance among medium-sized corporates, as well as recent developments and opportunities in the local equity market. We also discuss important issues such as credit enhancement, liquidity, ratings, and the development and deepening of domestic secondary markets.  

Panelist:

Hakan Ozyon, Senior Portfolio Manager, Global Ethical Fund

12:45 – 13:30
Environmental, Socially Responsible Investing and Participation Investment: Opportunities for Development and Growth 

We examine responsible, environmental and green finance in Turkey and the region and ask how ethical and participation finance can potentially become closer interlinked. We also discuss how Turkey can grow its existing ESG niche among asset managers and owners and what role participation and ESG asset management can play towards achieving Sustainable Development Goals. Do green bonds and Sukuk offer viable long-term investments and how can the industry address the relative scarcity of sustainable investment opportunities?

13:30
End of Forum - Refreshment
14:30 – 16:30
IFN Turkey Dialogue 2019

Forum Speakers

HakanOzyon-new

Hakan Ozyon
Senior Portfolio Manager, Global Ethical Fund

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

Advisory Board

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FORUM SPONSORS

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.

Full Details
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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

For any inquiries contact us

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