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Islamic Sustainable Finance & Investment Dialogues 2023

16th March 2023
Conrad Dubai, Sheikh Zayed Road

#ISFIDUBAI2023

Islamic Sustainable Finance & Investment Dialogues Forum Review

Islamic Sustainable Finance & Investment Dialogues 2023 Review

ISFI Dialogues: Experts outline way forward for Islamic sustainable finance
The collapse of Silicon Valley Bank, which has triggered a worrying string of bank failures, revealing our deeply flawed global financial system, loomed over discussions at the inaugural Islamic Sustainable Finance & Investment (ISFI) Dialogues in Dubai on the 16th March. From the role of regulators and policies to managing investment risks, VINEETA TAN rounds up what industry leaders and market experts believe are necessary to build a sustainable financial ecosystem rooted in people, planet and prosperity....Read More

About the Islamic Sustainable Finance & Investment Dialogues

The Middle East is a global Islamic finance bastion. IFN has been serving the region extensively since 2004 through industry-leading events and we are pleased to return to Dubai in 2023 to kick off a brand-new series — the IFN Islamic Sustainable Finance & Investment Dialogues.

Dubai’s international Islamic finance leadership and the UAE’s strong ambitions to turn itself into a sustainable finance center makes the emirate the ideal location to launch the IFN Islamic Sustainable Finance & Investment Dialogues, which is built upon the success of IFN’s highly acclaimed Dialogues series. The UAE is also the host of the 28th UN Climate Change Conference, COP28, which will take place in the UAE mid-November, again underscoring the emirate’s vital role in driving the global sustainability agenda.

Valued for its quality in-depth discussions, the high-level Dialogue will gather the region’s leading minds in Islamic and sustainable finance to engage in an intellectual exercise toward finding pragmatic solutions to advance the Islamic sustainable agenda in the region. Market leaders, numbering 12–15, will identify the most pressing issues impeding the sector, determine the industry’s competitive advantages and propose recommendations to narrow the gap and capture the multitrillion-dollar Islamic sustainable investment opportunity.

The Dialogue will adopt the Chatham House Rule to encourage openness and honesty of discussion. A few select market practitioners are invited to observe the proceedings.

Download Post Event Report

Dialogues Agenda

9.15 – 9.20

Welcome Address

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?

Moderator:

Vineeta Tan, Managing Editor and Director, Islamic Finance news

Panelists:

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

Coffee

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?
  • Are current tax and operational cost incentives for issuers sufficient and what represent key strategic issuer considerations for issuers in terms of use of proceeds, disclosure and reporting?

Moderator:

Mike Tirman, Partner, Ice Miller

Panelists:

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)

14:30

Luncheon

Dialogues Speakers

Aditya Shah

Aditya Shah

Head of Circular Economy Investments, Creek Capital
Aditya Shah
Aditya Shah
Head of Circular Economy Investments, Creek Capital

Aditya Shah is the head of circular economy investments at Creek Capital, a Dubai-based climate impact investment manager. Creek Capital invests in sustainable and decentralized infrastructure across the Middle East to help individuals, companies and communities increase value and reduce their carbon footprint. Aditya has more than 15 years of climate impact and infrastructure investment experience across the Middle East, Africa and Asia.

Previously, Aditya was the assistant director at IL&FS Group, where he spent 10 years raising and managing infrastructure funds, in addition to making proprietary investments for the group. Prior to IL&FS, Aditya was the assistant vice-president at Abu Dhabi Investment Company where he was part of the investment team of the ADIC–UBS Infrastructure Fund.

Aditya holds a Bachelor’s degree in commerce from Mumbai University and an MBA from SP Jain School of Global Management. Aditya is also a chartered alternative investment analyst and a chartered accountant from the Institute of Chartered Accountants of India.

Anita Wieja-Caruba

Anita Wieja-Caruba

Associate Director, Strategy, Policy and Risk, Dubai Financial Services Authority
Anita Wieja-Caruba
Anita Wieja-Caruba
Associate Director, Strategy, Policy and Risk, Dubai Financial Services Authority

Anita Wieja-Caruba is an associate director at the Dubai Financial Services Authority (DFSA) and has been with the company for close to eight years. During this time, as part of its Strategy, Policy and Risk Division, she has been instrumental in implementing various international standards in the Dubai International Financial Centre, including the Financial Stability Board (FSB) Recovery and Resolution Framework and the Basel III reforms. She also works on subjects such as benchmark reforms, client assets protection, equivalence with EU rules, sustainable finance, insolvency law, derivatives and netting and compliance framework.

Prior to joining the DFSA, Anita worked at the European Commission as an advisor to Commissioner Michel Barnier on a package of financial reforms following the global financial crisis.

Anita qualified as a finance lawyer in the City of London (King & Wood Mallesons, ex SJ Berwin), following which she worked at BNP Paribas CIB advising on various aspects of the bank’s structured finance transactions. She holds degrees from BPP Law School (UK), University of Cambridge (UK), College of Europe (Belgium) and University of Silesia (Poland).

Aruna Narayanan

Aruna Narayanan

Senior Advisor Sustainability and ESG, The Partnerships Advisory
Aruna Narayanan
Aruna Narayanan
Senior Advisor Sustainability and ESG, The Partnerships Advisory

Aruna Narayanan is a sustainability enthusiast and strategic thought leader with a passion for driving prosperity through people empowerment and planet protection.

Aruna is a highly accomplished results-driven professional with two decades of corporate experience. She focuses on sustainability, ESG, impact investing, innovative waste management and recycling, marketing communications and corporate social responsibility. With previous leadership positions at organizations including Purecog Holdings, Dulsco, Accenture and Ocwen Financial Corporation, she is adept at supporting companies and their clients on sustainability journeys with a lasting positive impact across multiple stakeholders.

Aruna leads the ESG & Sustainability practice at The Partnerships Advisory. She is a non-executive director on the board of EIGHTClouds Private Equity. She has been nominated to the board of the Sustainability Action Society (an initiative by the Capital Club, Dubai). She also serves on the advisory board for various organizations, enabling them to genuinely embed sustainability and ESG into various aspects of their business. Aruna is a Tedx speaker, panelist and moderator at various discussions on authentic leadership and sustainability.

Aruna is an alumna of the Harvard Business School (US) and the Cambridge Institute for Sustainability Leadership (UK). She is an advocate of diversity and inclusion and leads the Alumni Network of Harvard Women (UAE Chapter).

Aruna has completed the SDG Ambition Accelerator program organized by United Nations Global Compact. She has been named to the ESG Power List 50 2022 that recognizes the most influential ESG leaders in the MENA region.

Asal Saghari

Asal Saghari

Counsel, King & Spalding
Asal Saghari
Asal Saghari
Counsel, King & Spalding

Asal Saghari is the counsel of the corporate, finance and investments practice. Asal has extensive experience in banking and finance. Her areas of practice include finance, Islamic finance and secured and unsecured lending, with a particular focus on advising sponsors, lenders and borrowers in connection with their lending and investment activities in Europe and the Middle East structured on both a conventional and Shariah compliant basis. Asal joined King & Spalding’s London office in 2008 from one of London’s leading international law firms.

Dr Ayaz Ismail

Dr Ayaz Ismail

Director – Wholesale Banking, CIMB Islamic Bank
Dr Ayaz Ismail
Dr Ayaz Ismail
Director – Wholesale Banking, CIMB Islamic Bank

Dr Ayaz Ismail is the director of wholesale banking at CIMB Islamic in Malaysia, where he covers Islamic investment banking transactions. He has been involved in various ground-breaking and award-winning ringgit and non-ringgit Sukuk offerings. Prior to joining CIMB Islamic, he was with Malaysian multinational conglomerate Sime Darby, carrying out various roles in the CEO’s Office, as well as legal, strategy and communications functions of the group.

Dr Ayaz completed his PhD in Islamic finance at INCEIF University, Malaysia. He graduated with an MBA in financial studies from the University of Nottingham in the UK as a Chevening scholar, and also holds a Bbachelor of Laws (Hons) degree from the same university. He is a Chartered Professional in Islamic Finance charterholder and a grand councilor of the Chartered Institute of Islamic Finance Professionals.

Basheer Ahmad

Basheer Ahmad

Listing Authority, Markets, Dubai Financial Services Authority
Basheer Ahmad
Basheer Ahmad
Listing Authority, Markets, Dubai Financial Services Authority

An experienced capital market regulator, Basheer Ahmad joined the Dubai Financial Services Authority (DFSA) in 2008 and is responsible for primary market regulations and for managing the DFSA Listing Authority. He is the Islamic finance subject-matter expert at the DFSA and is also responsible for the development of ESG securities requirements.

Basheer has spent over 20 years working for international regulators, working across securities rules and regulations, policy formulation, listing rules, operating listing regimes and market disclosures. He holds a Barrister-at-Law degree from the Lincoln’s Inn, UK and a Chartered Islamic Finance professional qualification.

Dr Dalal Aassouli

Dr Dalal Aassouli

Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University
Dr Dalal Aassouli
Dr Dalal Aassouli
Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University

Dr Dalal Aassouli is an assistant professor of Islamic and sustainable finance at Hamad Bin Khalifa University in Qatar.

Dr Dalal was previously a visiting academic at the Durham Centre for Islamic Economics and Finance, Durham University Business School. Prior to that, she worked at the International Islamic Liquidity Management Corporation (IILM) in Malaysia where she assisted with the establishment of the IILM’s Sukuk program. Before that, she held several corporate finance positions in Europe where she had exposure to the African, European and Latin American markets.

Dr Dalal serves on several industry working groups and non-profit global forums such as the CIBAFI Sustainability Working Group, Qatar Financial Center Islamic Finance Taskforce and the Global Impact Fintech Forum. She is also an invited speaker in international conferences and events and provides her consultancy expertise to various organizations on issues related to sustainable and Islamic finance.

Dr Dalal holds a Master’s degree from NEOMA Business School and Paris Dauphine University and a PhD from ENS de Lyon in France.
Dr Dalal’s areas of research interest include Islamic finance in general and its implications for liquidity management, corporate finance, ethical finance, development finance, green finance, food security, sustainable development and SRI.

Husain Alkhaja

Husain Alkhaja

GCC Regional Director, DDCAP
Husain Alkhaja
Husain Alkhaja
GCC Regional Director, DDCAP

Husain Abdulwahed Alkhaja is the GCC regional director and director of DDCAP.

Husain is a vastly experienced banker who has been working within the Islamic financial marketplace for the past 30 years for various highly regarded regional and international financial institutions. Most recently, he held senior executive positions within MFAI (Jersey), a wholly-owned subsidiary of DMI Group. This followed his tenure as COO of CMA-licensed investment company Gulf Investors Asset Management Company.

Having started his career in banking in Bahrain, Husain was appointed the regional director and head of GCC and Islamic banking at Societe Generale where he was based in Dubai. Prior to returning to Bahrain as CEO of Investment Dar Bank, Husain was the general manager of ADNIF, the Islamic subsidiary of National Bank of Abu Dhabi.

Ijlal Alvi

Ijlal Alvi

CEO, International Islamic Financial Market
Ijlal Alvi
Ijlal Alvi
CEO, International Islamic Financial Market

Ijlal Ahmed Alvi has wide-ranging experience in the financial services industry with regional and international financial institutions spanning over three decades.

As CEO of the International Islamic Financial Market (IIFM) for the last 18 years, Ijlal has been devoted to the goal of bringing about unification and harmonization in the Islamic finance industry globally and has overseen the development and publication of universal Shariah compliant financial documentation and product confirmation standards as well as related guidance notes.

In addition to his responsibilities as CEO, secretary to the board and spokesperson of IIFM, Ijlal also manages IIFM’s comprehensive standards development process and leads the project-specific market consultation exercise, global working groups and legal documentation drafting process and is actively involved in the IIFM Shariah Board’s guidance and approval process.

Ijlal has also been part of a number of international steering committees, task forces and working groups of various multilateral development organizations focused on the advancement of the Islamic finance industry globally. He is a regular speaker at international conferences and also contributes articles in various international and Islamic finance publications.

Jawaad Chawla

Jawaad Chawla

Senior Islamic and Corporate Finance Specialist
Jawaad Chawla
Jawaad Chawla
Senior Islamic and Corporate Finance Specialist

Jawaad Chawla has more than 20 years of Middle East experience across a broad section of sectors including structured, project and corporate finance; debt capital markets, Islamic financing and investment banking. He has significant experience in building and managing wholesale corporate finance/investment banking businesses.

Jawaad has long-standing relationships in the GCC across corporates, financial institutions and government-related entities. He has investment banking transactional experience of more than US$10 billion and is an expert in various forms of Islamic banking and finance structures across commercial, corporate and investment banking, closing landmark transactions including the first GCC financial institution Sukuk ever. His expertise in Islamic transactions comes from his vast experience at Standard Chartered Saadiq, IsDB and Standard Bank.

Jawaad is considered a senior industry expert in the Middle East banking market and has held various leadership positions as head of wholesale banking and deputy general manager of corporate finance, and has worked for international and regional banks like Standard Bank, Standard Chartered and most recently Al Khaliji. Currently, he is the managing director and head of client solutions MENA for US/UK-headquartered investment bank StormHarbour. He holds a Master of Management of Financial Resources degree from Carnegie Mellon University in the US.

Lo’ai Bataineh

Lo’ai Bataineh

CEO, Ominvest International Holding-DIFC
Lo’ai Bataineh
Lo’ai Bataineh
CEO, Ominvest International Holding-DIFC

Lo’ai Bataineh is a seasoned and successful investment banker with over three decades of experience in commercial banking, investment banking, asset management and wealth management. He has experience in establishing, implementing and successfully managing full-service investment banking and asset management businesses. Lo’ai is dynamic and innovative with an ability to capture new market opportunities across multiple sectors and asset classes. Driven to exceed the expectations of all stakeholders, he has extensive experience in matters relating to mergers and acquisitions, restructuring and divestment, among others.

Lo’ai has served as an advisor to several regulatory and government committees in Oman. He is an active presenter in business forums, conferences and panel discussions and he contributes regular articles to business magazines and newspapers in both Arabic and English. He holds Master’s and Bachelor’s degrees in money and banking.

Luma Saqqaf

Luma Saqqaf

CEO, Ajyal Sustainability Consulting
Luma Saqqaf
Luma Saqqaf
CEO, Ajyal Sustainability Consulting

Luma Saqqaf is a recognized sustainable finance consultant in the MENA region and is called upon by corporates, financial institutions, funds and asset managers to advise on aspects of sustainable value creation, sustainable and ESG strategy and its integration into their business. She also counsels regulators and financial markets in the MENA region on sustainable finance regulations and the development of the capital markets in the MENA region.

Luma has been at the forefront of finance, Islamic finance, sustainability and entrepreneurship in the MENA region and Europe for three decades. A former partner and global head of Islamic finance at Magic Circle law firm Linklaters, she has more than 20 years of experience in legal practice, including practicing at the two Magic Circle law firms, Allen & Overy and Linklaters, where she was a finance partner and global head of the Islamic Finance Group. She led teams across Europe, the Middle East and Asia on groundbreaking transactions covering finance and capital markets including Shariah compliant Sukuk (bonds), loans, securitization and structured finance, derivatives and fund transactions.

Luma is now CEO of Ajyal Sustainability Consulting and is also a regular speaker at conferences and contributor to articles on the topics of sustainable finance in the MENA region.

Luma is also the founder of investment group Ajyal Group and ethical luxury womenswear brand BYLUMA and has advised and mentored several social enterprises in the MENA region. She holds a Master of Law degree from the University of Bristol in the UK, and a Bachelor of Law degree from the University of Jordan, and has attended the Harvard executive business education program (YPO Harvard Business Leadership Program 2015, 2016, 2017 and 2019).

Maali Qasem Khader

Maali Qasem Khader

CEO and Founder, Middle East Institute of Directors
Maali Qasem Khader
Maali Qasem Khader
CEO and Founder, Middle East Institute of Directors

Maali Q Khader is a highly experienced, effective and trusted lawyer. Today, she is a luminary in the corporate governance, sustainability, legal training and advice sectors.

Maali holds a number of concurrent roles, chief of which is CEO of the influential Middle East Institute of Directors, delivering advanced corporate governance advisory and training to a number of prestigious organizations.

Since 2012, as a founder and board member of the Jordan Institute of Directors, Maali has driven excellence across a number of leading organizations, including Arab Bank, Siniora Food, Kasih, PADICO Group and Medgulf.

Maali is a member of the Chartered Institute of Arbitration, an accredited mediator from RICS, a member of the CIPE MENA Advisory Council and a member of the Responsible Business Roundtable established by the OECD. Her natural leadership qualities, entrepreneurship and legal expertise have driven a stellar career, encompassing corporate governance and training and acting as founder and CEO to a number of influential, successful ventures.

Mike Tirman

Mike Tirman

Partner, Ice Miller
Mike Tirman
Mike Tirman
Partner, Ice Miller

Mike Tirman is a partner in Ice Miller’s Real Estate Group and advises and represents clients in all areas of real estate law, including acquisitions and dispositions, financing (including various forms of Shariah compliant financing), ground leasing, development, land use and zoning, entity structuring and joint ventures.

Some of Mike’s representative transactions include, among others, r
epresenting a buyer in a US$195 million Shariah compliant acquisition and CMBS financing of a portfolio of 30 industrial properties, representing a landlord in a US$104 million refinance of a portfolio of four industrial properties in New Jersey encumbered by ground leases and representing a REIT in a US$30 million acquisition of a parking garage and execution of a reverse 1031 exchange.

Mike is licensed to practice law in Illinois and Indiana.

Dr Obaid Saif Al Zaabi

Dr Obaid Saif Al Zaabi

Chairman, Parker Russell Obaid, UAE; former vice-chairman, IOSCO; and former CEO, Securities and Commodities Authority, UAE
Dr Obaid Saif Al Zaabi
Dr Obaid Saif Al Zaabi
Chairman, Parker Russell Obaid, UAE; former vice-chairman, IOSCO; and former CEO, Securities and Commodities Authority, UAE

Dr Obaid Saif Al Zaabi has wide-ranging professional experience in financial and capital markets and investment regulations, accounting, auditing, compliance, financial planning and budgeting, banking and corporate finance. He has worked with several leading financial institutions across the UAE, the US, the UK and Malaysia. Dr Obaid also served as CEO and deputy CEO at the Securities and Commodities Authority, the federal capital market regulator of the UAE. Prior to that, he worked as a senior manager for international business at a real estate finance company and managed bank branch operations at a leading Islamic bank. He worked in accounting and auditing for several institutions, including the Central Bank of the UAE for eight years.

Dr Obaid represented UAE securities market regulators in several working groups of international organizations, including IOSCO, the Financial Stability Board, the Union of Arab Securities Authorities, the Committee of GCC Financial Market Authorities at the GCC, the GCC Accounting and Auditing Organization, IFSB and AAOIFI. Dr Obaid was nominated as the vice-chair of the IOSCO board and the chair of the Growth and Emerging Markets Committee, IOSCO’s largest regional committee consisting of 90 ordinary jurisdiction members and 20 affiliate members. He also served as the co-chair of the MENA–OECD Working Group on Corporate Governance. Dr Obaid was appointed as the vice-chairman of the UAE Financial Restructuring Committee and the chairman of the technical committee for financial restructuring in the Ministry of Finance in the UAE. He has delivered many speeches and presentations at leading conferences on a wide range of topics including public finance, corporate governance, capital market regulations, digital assets, fintech development and SME finance.

Oliver von Wolff

Oliver von Wolff

Founder and CEO, Helion Capital
Oliver von Wolff
Oliver von Wolff
Founder and CEO, Helion Capital

Oliver von Wolff holds a wealth of experience as a seasoned Venture Capitalist and Venture Builder, bringing his expertise in architecture and the establishment of both regulated and unregulated investment products.

Oliver is currently the Founder & CEO of Helion Capital, a Dubai DIFC licensed investment company specializing in fintech-blockchain ventures, Oliver has held significant roles in the industry. He was previously the Co-Founder & Managing Director of Crypto Oasis, the Managing Director for CV Labs and CVVC Switzerland, and an early-stage venture capital investor and blockchain ecosystem builder based in Dubai.

Additionally, he served as the Group CFO & Equity Partner for a global crypto asset management and blockchain-focused venture capital group. Oliver also held the position of Managing Director in a joint venture with a stock-listed equity company on the Xetra Frankfurt.

With over 15 years of management experience, Oliver has played crucial roles as CFO and Co-Founder in various start-ups and management buyouts. He has a proven track record in transforming companies across different industries and has established strong connections in Dubai and the GCC region since 1999.

Oliver’s educational background includes an MBA in international management, degrees in economics and business, and studies at New York University focused on international corporate finance.

With his extensive global experience, Oliver has a deep understanding of diverse markets and industries, particularly in Europe and the Middle East.

Rizal Mohd Ali

Rizal Mohd Ali

Vice-President, Responsible Investment, Retirement Fund (Incorporated), Malaysia, (KWAP)
Rizal Mohd Ali
Rizal Mohd Ali
Vice-President, Responsible Investment, Retirement Fund (Incorporated), Malaysia, (KWAP)

Rizal Mohamed Ali was a legal officer for a public listed conglomerate prior to joining KWAP 15 years ago. He presently heads the Responsible Investment Section at KWAP, which was set up to manage all environmental, social and governance-related initiatives at KWAP.

Rizal is a member of the Chartered Institute of Islamic Finance Professionals, Malaysian Institute of Integrity and Malaysian Institutional Investors Council Working Committee.

Rizal obtained a Bachelor of Laws (Honors) degree from Brunel University, London and the Chartered Islamic Finance Professional qualification from INCEIF.

Sharifatul Hanizah Said Ali

Sharifatul Hanizah Said Ali

Executive Director, Islamic Capital Market Development, Securities Commission Malaysia
Sharifatul Hanizah Said Ali
Sharifatul Hanizah Said Ali
Executive Director, Islamic Capital Market Development, Securities Commission Malaysia

Sharifatul Hanizah is the executive director of Islamic capital market development of the Securities Commission Malaysia (SC). She leads a team that facilitates the developmental and operational initiatives for Malaysia’s Islamic capital market (ICM). This encompasses initiatives through the deepening and broadening of ICM products and services to further strengthen Malaysia’s position as a global hub for ICM as well reviews of industry proposals and Shariah status for listed/pre-IPO securities.

Sharifatul has extensive and diverse experience of over 30 years in the fields of investment analysis, portfolio management, equity trading and unit trust while serving in various organizations such as Permodalan Nasional (PNB), RHB Investment Management and Muamalat Invest. During her tenure in PNB and RHB, Sharifatul’s board experience was vast, spanning consumer goods, technology and manufacturing companies. She served on the boards of exchange-listed and private companies as a nominee director for PNB and RHB.

Prior to joining the SC in August 2019, Sharifatul was CEO of SIDC, the learning and development arm of the SC. She is a fellow of the Financial Services Institute of Australasia, a certified financial planner, an Islamic financial planner and a fellow of the Institute of Corporate Directors Malaysia.

Vineeta Tan

Vineeta Tan

Managing Editor and Director, Islamic Finance news
Vineeta Tan
Vineeta Tan
Managing Editor and Director, Islamic Finance news

Vineeta Tan is the managing editor and a director at REDmoney Group, one of the world’s longest-running Islamic finance media houses. Vineeta oversees REDmoney Group’s stable of products including Islamic Finance news, IFN Fintech and Islamic Sustainable Finance & Investment.

A multimedia journalist with over a decade of experience in the journalism and publishing industry working independently and leading a team, Vineeta specializes in ethical and Islamic finance as well as fintech reporting and analysis, covering regions including the Middle East, Asia, Africa and Europe.

As managing editor of IFN, Vineeta is responsible for the editorial direction and business development of IFN and its sister publications in addition to authoring reports, producing podcasts and conducting video interviews. She has interviewed senior industry players, key stakeholders and senior dignitaries including the finance/economic ministers of the Ivory Coast, Sri Lanka and the Maldives, among others.

Vineeta is a regular on the international conference circuit as both a moderator and speaker. She has an MBA and is trained in journalism and sociology. Vineeta also holds the Islamic Finance Qualification awarded by the Chartered Institute for Securities & Investments in the UK.

Yavar Moini

Yavar Moini

Senior Investment Officer, International Finance Corporation
Yavar Moini
Yavar Moini
Senior Investment Officer, International Finance Corporation

Yavar Moini has over 29 years of banking experience with international, supranational and regional institutions primarily in the GCC. He is currently a senior investment officer for the International Finance Corporation (IFC) and is the subregional anchor for the advisory business for the Middle East, Pakistan and Afghanistan. He is based in Amman and his areas of focus include capital markets, Islamic and green finance and improving access to finance for SMEs. He has advised central banks in various jurisdictions on developing their Islamic finance architecture and has worked with financial institutions to develop their green and Islamic banking propositions.

Prior to joining the IFC, Yavar was a consultant for the World Bank on Islamic finance and has also been the director for Islamic banking at the State Bank of Pakistan. Previously, he was the global head of Islamic finance at Morgan Stanley Dubai and has also headed the Islamic structured products area for Dubai Bank and Islamic banking at the National Bank of Dubai (now ENBD). In addition, he has led and developed the Islamic Financial Services Group at Ernst & Young Bahrain, worked as an officer at the IsDB and been part of the management team for a technology, media and telecommunication-focused private equity (PE) fund that was a joint venture between Deutsche Bank and The Investment Office (now Dubai Group). He has also served as the adjunct professor of Islamic finance at the IE Business School in Madrid.

Yavar has led landmark transactions such as Abu Dhabi Islamic Bank’s US$1 billion hybrid Tier 1 Sukuk facility which represents the first such issue by an Islamic bank globally; PETRONAS’s US$1.5 billion five-year Sukuk, one of the two largest global dollar straight Sukuk issued by a corporate; Tabreed’s AED1.7 billion (US$462.78 million) mandatory convertible Sukuk, the first mandatory convertible Sukuk in the UAE; and Tamweel’s US$220 million mortgage-backed Sukuk, which represented the first true sale securitization in the UAE. In addition to such capital market transactions, Yavar developed an extensive platform for the issuance of Shariah compliant structured certificates for Morgan Stanley and established funds aggregating in excess of US$1.5 billion that have focused on real estate, PE and infrastructure for Morgan Stanley Asset Management. He also led Dubai Bank’s investment as a founding shareholder into Bank Islamic Pakistan and served on the latter’s board. Yavar has an MBA from the Stern Business School, New York University and a Bachelor of Arts degree from the University of Warwick.

Advisory Board

Aruna Narayanan

Aruna Narayanan

Senior Advisor Sustainability and ESG, The Partnerships Advisory
Aruna Narayanan
Aruna Narayanan
Senior Advisor Sustainability and ESG, The Partnerships Advisory

Aruna Narayanan is a sustainability enthusiast and strategic thought leader with a passion for driving prosperity through people empowerment and planet protection.

Aruna is a highly accomplished results-driven professional with two decades of corporate experience. She focuses on sustainability, ESG, impact investing, innovative waste management and recycling, marketing communications and corporate social responsibility. With previous leadership positions at organizations including Purecog Holdings, Dulsco, Accenture and Ocwen Financial Corporation, she is adept at supporting companies and their clients on sustainability journeys with a lasting positive impact across multiple stakeholders.

Aruna leads the ESG & Sustainability practice at The Partnerships Advisory. She is a non-executive director on the board of EIGHTClouds Private Equity. She has been nominated to the board of the Sustainability Action Society (an initiative by the Capital Club, Dubai). She also serves on the advisory board for various organizations, enabling them to genuinely embed sustainability and ESG into various aspects of their business. Aruna is a Tedx speaker, panelist and moderator at various discussions on authentic leadership and sustainability.

Aruna is an alumna of the Harvard Business School (US) and the Cambridge Institute for Sustainability Leadership (UK). She is an advocate of diversity and inclusion and leads the Alumni Network of Harvard Women (UAE Chapter).

Aruna has completed the SDG Ambition Accelerator program organized by United Nations Global Compact. She has been named to the ESG Power List 50 2022 that recognizes the most influential ESG leaders in the MENA region.

Dr Dalal Aassouli

Dr Dalal Aassouli

Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University
Dr Dalal Aassouli
Dr Dalal Aassouli
Assistant Professor of Islamic and Sustainable Finance, Hamad Bin Khalifa University

Dr Dalal Aassouli is an assistant professor of Islamic and sustainable finance at Hamad Bin Khalifa University in Qatar.

Dr Dalal was previously a visiting academic at the Durham Centre for Islamic Economics and Finance, Durham University Business School. Prior to that, she worked at the International Islamic Liquidity Management Corporation (IILM) in Malaysia where she assisted with the establishment of the IILM’s Sukuk program. Before that, she held several corporate finance positions in Europe where she had exposure to the African, European and Latin American markets.

Dr Dalal serves on several industry working groups and non-profit global forums such as the CIBAFI Sustainability Working Group, Qatar Financial Center Islamic Finance Taskforce and the Global Impact Fintech Forum. She is also an invited speaker in international conferences and events and provides her consultancy expertise to various organizations on issues related to sustainable and Islamic finance.

Dr Dalal holds a Master’s degree from NEOMA Business School and Paris Dauphine University and a PhD from ENS de Lyon in France.
Dr Dalal’s areas of research interest include Islamic finance in general and its implications for liquidity management, corporate finance, ethical finance, development finance, green finance, food security, sustainable development and SRI.

Faisal Hasan

Faisal Hasan

Chief Investment Officer, Al Mal Capital
Faisal Hasan
Faisal Hasan
Chief Investment Officer, Al Mal Capital

Faisal Hasan is a senior investment professional with a career spanning 21 years during which he managed diverse award-winning departments such as asset management, direct investments and treasury, investment research and business development.

Faisal’s previous role was in the capacity of senior executive officer at FundRock (ME), which is part of the Apex Group. He also was part of the senior leadership team in KAMCO Investment Company and Global Investment House in Kuwait.

Faisal is a financial market expert who has been a speaker at various international conferences and is well quoted in the media on economic trends and financial markets. He holds a Master’s degree in finance from Delhi University, India and is a CFA charterholder from CFA Institute in the US.

Jessica Robinson

Jessica Robinson

Senior Advisor, ESG, Deloitte
Jessica Robinson
Jessica Robinson
Senior Advisor, ESG, Deloitte

Jessica Robinson is a global expert in environmental, social and governance (ESG) and sustainability, advising financial institutions, institutional investors, think tanks, governments, regulators and companies on a broad range of issues relating to green finance, ESG, sustainable and responsible investment, as well as gender, climate and carbon finance.

In previous roles among others, Jessica was the head of Asia for the United Nations-supported Principles for Responsible Investment, following a long stint as chief executive and board director of the Association for Sustainable and Responsible Investment in Asia, one of Asia’s leading think tanks working to promote sustainable finance and responsible investment across the region.

Jessica has an extensive background in professional services and business consulting, focusing on financial services, environmental finance and sustainability industries. She frequently contributes articles, authors reports and speaks at conferences on issues including green financing, financial market developments and climate finance policy, among others.

Jessica holds a Master of Science degree in applied environmental economics from the University of London, a Master of Science degree in politics from the London School of Economics and a Bachelor of Arts degree in economics from the University of Manchester, UK.

Khurram Waheed

Khurram Waheed

Partner, Alpha Cruz Advisory
Khurram Waheed
Khurram Waheed
Partner, Alpha Cruz Advisory

Khurram is a seasoned advisor, investment banker and corporate financer with over 22 years of Green & conventional energy, Healthcare, Infrastructure and sustainability experience. Throughout his career, Khurram has been involved in or led advisory & financing in several transactions in Middle East, Africa, Turkey, Europe and Asia in sectors ranging from Oil & Gas, Power & Water, Health care & Life science, Infrastructure, Real Estate and Mobility/transportation.

Currently, Khurram is a Partner & Chief Portfolio Officer of Safe Harbour Capital Ventures, an opportunistic growth fund, focused on Real Estate & Green business, based out of Canada and is also a partner at Alpha Cruz Advisory, UAE. He has also worked as a Managing Director-Corporate Finance for a boutique Investment Bank, based in Dubai, and lead their Green, Healthcare and Infrastructure advisory business for the firm. He has also served as Executive Director- International Banking at First Abu Dhabi(FAB) and has worked with other international banks like Barclays, Emirates NBD etc.

Some of his key transaction in the past 5years are sell side M&A for a coal mine in asia, electricity privatisation programme of GCC country, structured National Oil Co acquisition transaction in Europe, many PPP/renewables power transactions, govt. healthcare financing programme etc.
He is a keen propagator of Responsible Investment and is a regular contributor as a speaker at various events & writer for various websites on Responsible Investment, Economic Warfare/Geo-political strategies.

Khurram has an ex. Master in Finance with Distinction (Top 10%) from HEC, Paris and also has an MBA with specialisation in Finance & Marketing from ICFAI Business School, India. He is also a Mphil candidate, and his research topic is “From Shareholders’ Capitalism to Stakeholders’ Capitalism, transition of Private Capital into ESG based Investments/Responsible Investments”.

Luma Saqqaf

Luma Saqqaf

CEO, Ajyal Sustainability Consulting
Luma Saqqaf
Luma Saqqaf
CEO, Ajyal Sustainability Consulting

Luma Saqqaf is a recognized sustainable finance consultant in the MENA region and is called upon by corporates, financial institutions, funds and asset managers to advise on aspects of sustainable value creation, sustainable and ESG strategy and its integration into their business. She also counsels regulators and financial markets in the MENA region on sustainable finance regulations and the development of the capital markets in the MENA region.

Luma has been at the forefront of finance, Islamic finance, sustainability and entrepreneurship in the MENA region and Europe for three decades. A former partner and global head of Islamic finance at Magic Circle law firm Linklaters, she has more than 20 years of experience in legal practice, including practicing at the two Magic Circle law firms, Allen & Overy and Linklaters, where she was a finance partner and global head of the Islamic Finance Group. She led teams across Europe, the Middle East and Asia on groundbreaking transactions covering finance and capital markets including Shariah compliant Sukuk (bonds), loans, securitization and structured finance, derivatives and fund transactions.

Luma is now CEO of Ajyal Sustainability Consulting and is also a regular speaker at conferences and contributor to articles on the topics of sustainable finance in the MENA region.

Luma is also the founder of investment group Ajyal Group and ethical luxury womenswear brand BYLUMA and has advised and mentored several social enterprises in the MENA region. She holds a Master of Law degree from the University of Bristol in the UK, and a Bachelor of Law degree from the University of Jordan, and has attended the Harvard executive business education program (YPO Harvard Business Leadership Program 2015, 2016, 2017 and 2019).

Margot Jacquet

Margot Jacquet

Adviser – Business Development, Luxembourg for Finance
Margot Jacquet
Margot Jacquet
Adviser – Business Development, Luxembourg for Finance

Margot Jacquet is a business development advisor at Luxembourg for Finance. She advises financial companies and fintechs to help them expand their cross-border operations through the Grand Duchy. Her role involves promoting Luxembourg’s financial industry internationally and fostering collaboration with other major financial centers. She focuses more specifically on developing relationships with financial hubs and companies from Southeast Asia and Western Europe.

Margot also specializes in sustainable finance. She supports the development of sustainable and green finance and helps incorporate ESG considerations within Luxembourg’s financial ecosystem.

Before joining Luxembourg for Finance, Margot worked as a project manager specializing in business development for international consulting firm Deloitte in Luxembourg. Her expertise revolved around business strategy and project coordination in relation to the banking and insurance industries.

Maya Marissa Malek

Maya Marissa Malek

CEO, Amanie Advisors
Maya Marissa Malek
Maya Marissa Malek
CEO, Amanie Advisors

Maya Marissa Malek is the managing director/CEO of Amanie Advisors’s global office, based in Dubai. Maya is a multiple award-winning Islamic finance expert and executive leader (also recognized as one of the ‘Top 50 Most Influential Women in Middle East Finance’ by Financial News UK of Dow Jones Group) with extensive experience driving strategic planning and collaboration with key industry players — including regulators, corporates, banks and standard-setting bodies.

Maya skillfully bridges efforts of diverse regulatory and structural groups — identifying and targeting performance/operations gaps — and is equipped with a history of success working closely with globally-renowned Shariah scholars while creating awareness of Islamic finance worldwide. Her profession in and passion for Islamic finance has taken her around the globe creating awareness on Islamic finance, and innovating and creating demand for Islamic finance to take root. She is an associate member of the Chartered Institute of Islamic Finance Professionals, a member of the Green Sukuk Working Group in the UAE and a Shariah consultant for the International Finance Corporation, World Bank Group and a frequent Islamic finance speaker at Chatham House, the Royal Institute of International Affairs in the UK, the world’s most influential think tank.

Navina Balasingam

Navina Balasingam

General Manager, Capital Markets Malaysia (CM²)
Navina Balasingam
Navina Balasingam
General Manager, Capital Markets Malaysia (CM²)

Navina Balasingam is currently the general manager of Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia mandated with promoting Malaysia’s capital market both domestically and internationally.

Navina joined CMM in 2017, with expertise in international stakeholder management and communications. In her current role, Navina focuses on stakeholder engagement with capital market regulators and intermediaries, both domestic and foreign, to support the development and profiling of Malaysia’s capital market.

Navina also oversees content development for CMM’s programs and engagements, which prioritize sustainable finance and investment, private markets, digital markets as well as the Islamic capital market. Navina leads the secretariat of the three CMM-led centers of excellence — the Malaysian Sustainable Finance Initiative, the Centre for Sustainable Corporations and the Sustainable Investment Platform — and is a member of the Steering Committee of the UNDP Financial Centres for Sustainability.

Paul McViety

Paul McViety

Partner, DLA Piper
Paul McViety
Paul McViety
Partner, DLA Piper

Paul McViety is an experienced banking lawyer with nearly 20 years of experience advising on financing transactions, acting for both Islamic and conventional clients, including financial institutions, corporates, developers, fund and asset managers, regulators and government entities. He is also the head of the firm’s Islamic finance group in the Middle East.

DLA Piper’s capabilities in Islamic finance are in keeping with the firm’s position as a leading global business law firm. As a result, Paul and his team play a key role in Islamic transactions involving other DLA Piper offices across Europe and the US.

Recognized as a leading lawyer in his field by a number of independent legal directories, Paul has also contributed over the years to a number of important milestones for the Islamic finance industry. He continues to lead on a number of the more innovative transactions within the industry, including the restructuring of Lagoon City Sukuk (won ‘Kuwait Deal of the Year’ at the 2019 IFN Awards).

Dialogues Partners

LEAD PARTNERS

Capital Markets Malaysia

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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.

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HSBC Amanah

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When it comes to Islamic finance, HSBC Malaysia has led the way by becoming the first internationally-owned bank to launch an Islamic banking window in 1994. In 2008, HSBC Amanah Malaysia was the first internationally-owned bank to be incorporated as an Islamic banking subsidiary in Malaysia.

Since then, HSBC Amanah has led in developing the Islamic finance industry across product, proposition and future market development and is a recognized leader in Sukuk issuance, green and sustainable financing and international transactions.

HSBC Amanah is a founding member of the Value-Based Intermediation Community of Practitioners championed by Bank Negara Malaysia and continues to drive sustainable leadership in Malaysia. The bank has won many notable accolades including the ‘Islamic ESG Bank of the Year’ award for the third consecutive year as part of The Asset Triple A Islamic Finance Awards. Know more about HSBC Amanah here: https://www.hsbcamanah.com.my/

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MULTILATERAL STRATEGIC PARTNERS

The Islamic Corporation for the Development of the Private Sector (ICD)

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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: [email protected]

Website: www.icd-ps.org

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The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)

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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.

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International Islamic Trade Finance Corporation

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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: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)

Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en

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IsDB Group Business Forum (THIQAH)

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The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitates contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging the IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.idbgbf.org)

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PARTNERS

DDCAP Group

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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.

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IdealRatings

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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.
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CONSULTANCY PARTNER

Redmoney Consulting

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Launched in April 2021, Redmoney Consulting is a new and highly focused advisory firm focusing on global Islamic, Ethical, Responsible and Sustainable Finance. Redmoney Consulting is a logical extension of REDmoney Group, the Islamic finance industry’s leading media house with a truly global audience. In addition to Islamic finance, the Group has steadily increased its coverage of the green and sustainable finance sector as the two markets continue to converge. Redmoney Consulting provides an expansive service allowing its consultants to provide advisory and consulting services at the highest level for the most discerning of clients.

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LEAD MEDIA PARTNERS

MEDIA PARTNER

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A consortium of entities from the UAE has launched a Sukuk Waqf initiative aimed at supporting visually impaired patients…

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Infracorp has issued Bahrain’s first green Sukuk on the 15th March 2022 worth US$900 million. The perpetual Sukuk…

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The Previous Islamic Sustainable Finance & Investment Forum

Islamic Sustainable Finance & Investment Forum 2022

The 4th Islamic Sustainable Finance & Investment Forum (previously the IFN Green and Sustainable Finance Forum) will again be held in Kuala Lumpur, the international center for Shariah sustainable and green finance. Supported by local regulators and multilateral stakeholders, the Forum will convene the industry’s most influential actors including practitioners, investors, and regulators in a meaningful engagement to further drive the sector forward.

The recent introduction of regulatory frameworks and initiatives promoting the development of sustainable finance across Southeast Asia has highlighted the significance and relevance of this important and fast-growing sector. With more corporates, financial institutions, government bodies and regulators becoming aware of Sustainable Development Goals, countries offering environments conducive for the growth of sustainable finance and investment will see tangible and long-term benefits.

The United Nations Commission on Trade and Development (UNCTAD) estimated that to adequately fund the 17 Sustainable Development Goals (SDGs) in developing countries, US$5 trillion to US$7 trillion will be required in annual investments by 2030. Fulfilling this ambitious financial requirement presents not only challenges, but also significant opportunities.

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About REDmoney Events

REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.

REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.

TThe annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007 respectively. The Dialogues series has also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events. In 2022, we introduced the Islamic Sustainable Finance & Investment Forum, which was an enormous success, and will become a mainstay.

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

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REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

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Islamic Finance News @ifn_news ·
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The Central Bank of The UAE (CBUAE) hosted a series of meetings that culminated in the launch of a new Islamic sustainable finance roadmap ahead of the 28th Conference of the Parties, widely known as COP28, that began today in the UAE.

https://www.islamicfinancenews.com/daily-cover-story-islamic-financial-institutions-collaborate-on-launch-of-islamic-sustainable-finance-roadmap.html

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Islamic Finance News @ifn_news ·
29 Nov

The State Bank of Pakistan (SBP) has identified a new underlying asset to be used for the fresh issuance and re-opening of the country’s sovereign Sukuk Ijarah.

https://www.islamicfinancenews.com/daily-cover-story-state-bank-of-pakistan-identifies-sports-complex-as-new-underlying-asset-for-government-sukuk.html

#REDmoney #IFN #IslamicFinance #Finance #Sukuk #SBP #GoP #Pakistan

Islamic Finance News @ifn_news ·
28 Nov

The Palestine Monetary Authority (PMA) has released new directives for banks to tackle liquidity challenges amid the ongoing conflict, addressing financial strains faced by individuals and businesses due to the war's impact on income and cash flows.

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27 Nov

Join the discussion on addressing sustainability and product authenticity through digitalization on the 12th December.

https://redmoneyevents.com/event/world-islamic-finance-dialogues-2023/

#WorldIslamicFinanceDialogues #REDmoney #IFN #IslamicFinance #Finance #Bahrain

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The Central Bank of The UAE (CBUAE) hosted a serie The Central Bank of The UAE (CBUAE) hosted a series of meetings that culminated in the launch of a new Islamic sustainable finance roadmap ahead of the 28th Conference of the Parties, widely known as COP28, that began today in the UAE.

Announced during a roundtable attended by key industry players and personalities, the roadmap sets out comprehensive steps to advance sustainability in Islamic finance.

https://www.islamicfinancenews.com/daily-cover-story-islamic-financial-institutions-collaborate-on-launch-of-islamic-sustainable-finance-roadmap.html

#REDmoney #IFN #IslamicFinance #Finance #Sustainable #COP28 #CBUAE #UAE
The State Bank of Pakistan (SBP) has identified a The State Bank of Pakistan (SBP) has identified a new underlying asset to be used for the fresh issuance and re-opening of the country’s sovereign Sukuk Ijarah.

“This structure is to facilitate the issuance of Government of Pakistan (GoP) domestic Ijarah Sukuk Program on the identified asset of Pakistan Sports Board as the Underlying Asset,” the central bank said in a circular it recently issued.

https://www.islamicfinancenews.com/daily-cover-story-state-bank-of-pakistan-identifies-sports-complex-as-new-underlying-asset-for-government-sukuk.html

#REDmoney #IFN #IslamicFinance #Finance #Sukuk #SBP #GoP #Pakistan
The Palestine Monetary Authority (PMA) has issued The Palestine Monetary Authority (PMA) has issued new instructions to banks to address and mitigate the effects of liquidity scarcity within the national economy, the cessation of income of individuals and corporate borrowers and the decline in their cash flows due to the ongoing war in the territory.

The new instructions include granting salary advances and disbursing financing facilities for employees in both public and private sectors, to help them cover their obligations and also contribute to maintaining the economy, Dr Firas Melhem, the governor of the PMA, said.

https://www.islamicfinancenews.com/daily-cover-story-regulator-issues-instructions-to-mitigate-effects-of-liquidity-scarcity-in-palestine.html

#REDmoney #IFN #IslamicFinance #Finance #Banks #Palestine
Join the discussion on addressing sustainability a Join the discussion on addressing sustainability and product authenticity through digitalization on the 12th December.

https://redmoneyevents.com/event/world-islamic-finance-dialogues-2023/

#WorldIslamicFinanceDialogues #REDmoney #IFN #IslamicFinance #Finance #Bahrain
Private equity's role in Saudi Arabia's growth wil Private equity's role in Saudi Arabia's growth will be discussed at IFN KSA Dialogues. Don't miss out!

https://redmoneyevents.com/event/ifn-ksa-dialogues-2023/

#IFNKSADialogues #REDmoney #IFN #IslamicFinance #Finance #Riyadh
Mohammad-Reza Farzin, the governor of the Central Mohammad-Reza Farzin, the governor of the Central Bank of Iran (CBI), said during the launch ceremony of Qard Hasan facilities without fees that the development and expansion of Qard Hasan banking as well as providing microfinancing at the lowest cost are part of the apex bank’s goals.

https://www.islamicfinancenews.com/daily-cover-story-central-bank-set-to-develop-and-promote-qard-hasan-banking-and-microfinancing-in-iran.html

#REDmoney #IFN #IslamicFinance #Finance #Banks #Microfinancing #CBI #Iran
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