9.15 – 9.20
9.20 – 9.30
Setting the Scene: Sustainable Finance and Investment in the Gulf
Luma Saqqaf, CEO, Ajyal Sustainability Consulting
9.30 – 11.45
Positioning ESG and Sustainable Finance and Investment — Policy, Regulation and Action
- What represents a blueprint for advancing the transition to a low-carbon economy via effective stakeholder collaboration, regulation, resource allocation, positioning and product innovation in the financial services sector?
- What are the implications for the Islamic sustainable financial services sector of the introduction of various regulatory taxonomies, frameworks and standards?
- Should taxonomies reflect market-specific regulations, and is a clear, consistent message being presented?
- • How do changing materiality thresholds for achieving Article 8 and 9 classifications under the Sustainable Finance Disclosure Regulation (SFDR) affect the regulatory environment?
- Disclosure requirements for financial institutions: how do we address the key issue of embedded emissions?
- What are current tax and operational cost incentive frameworks for the development of Islamic sustainable finance and investment products? Are they effective, and what more can be done?
- The juxtaposition facing the GCC: funding the hydrocarbon sector, while simultaneously developing a thriving green and sustainable finance sector
- What would represent success for COP28, and what preparation should be done now?
- What regulatory measures would adequately address and mitigate challenges such as greenwashing and reporting?
- How are governments and exchanges enabling the trading of carbon credits, and what are the objectives and benefits of such initiatives?
- Are we sufficiently capitalizing on the powerful synergies between sustainable finance and Islamic finance and how do we effectively position the sector?
Vineeta Tan, Managing Editor and Director, Islamic Finance newsPanelists:
Basheer Ahmad, Listing Authority, Markets, Dubai Financial Services Authority
Husain Alkhaja, GCC Regional Director, DDCAP
Ijlal Alvi, CEO and Secretary to the Board, International Islamic Financial Market
Luma Saqqaf, CEO, Ajyal Sustainability Consulting
Maali Qasem Khader, CEO and Founder, Middle East Institute of Directors
Dr Obaid Saif Al Zaabi, Chairman, Parker Russell Obaid, UAE; former vice-chairman, IOSCO; and former CEO, Securities and Commodities Authority, UAE
Sharifatul Hanizah Said Ali, Executive Director, Islamic Capital Market Development, Securities Commission Malaysia
Yavar Moini, Senior Investment Officer, International Finance Corporation
11.45 – 12:15
12:15 – 14.30
Managing Investment Risk through Managing Climate Risk: Growing Islamic Sustainable Finance and Investment
- ‘Climate risk is investment risk’. What does this mean for the Islamic sustainable finance and investment industry?
- What are important criteria in the development of Islamic sustainable finance and investment products, and are we successfully developing products which satisfy both Shariah and ESG requirements?
- Considering recent amendments to taxonomies and regulatory frameworks, what now defines an ESG or sustainable product, and how is this expected to evolve?
- Sustainable Finance Disclosure Regulation (SFDR), changing materiality thresholds for achieving Article 8 classification and what this means for Islamic ESG investing
- What approaches are large regional institutional investors taking to sustainable finance and investment, and what can be learned from this?
- The growth of Shariah-screened ESG funds: how do systematic tilts in portfolio allocation as a result of Shariah screens affect how ESG integration is approached?
- How are investors using ESG data and indices to benchmark and measure portfolio performance? Is the availability and reliability of ESG data a challenge for the industry?
- How do we fund clean energy, sustainable activities and social projects through an effective, liquid Islamic capital market?
- How do we continue to measure impact from green and sustainable issuance? What tools are available for issuers and investors for this purpose?
- What options does the deployment of sustainability-linked financing structures offer issuers?
- Why is the adoption of internal sustainable finance frameworks so crucial and how are second-party opinions and external review being used by issuers?
Mike Tirman, Partner, Ice MillerPanelists:
Aditya Shah, Head of Circular Economy Investments, Creek Capital
Anita Wieja-Caruba, Associate Director Strategy, Policy and Risk, Dubai Financial Services Authority
Aruna Narayanan, Senior Advisor Sustainability and ESG, The Partnerships Advisory
Asal Saghari, Counsel, King & Spalding
Dr Dalal Aassouli, Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University
Jawaad Chawla, Senior Islamic and Corporate Finance Specialist
Lo’ai Bataineh, CEO, Ominvest International Holding-DIFC
Oliver von Wolff, Founder and CEO, Helion Capital
Rizal Mohd Ali, Vice-President, Responsible Investment, Retirement Fund (Incorporated), Malaysia, (KWAP)