IFN Africa and Egypt Forum: Developments in Egypt’s evolving economic landscape and opportunities in key African Markets

Date: 8th December 2014 Venue: Four Seasons Hotel Cairo at Nile Plaza


08:00 - 09:10
09:10 - 10:10
Egypt’s Role in Developing Africa as an Islamic Investment Destination
  • Significance of new regulations and regulators on Egypt’s Islamic finance industry
  • Considerations in creating a legislative framework and taxation regime aimed at advancing Islamic banking transactions
  • Prospects for corporate Sukuk issuances and other Shariah compliant transactions
  • Outlook for inward investments: Key sectors and asset classes
  • Opportunities for growth of Egypt’s Takaful sector
  • What does Egypt’s Islamic funds industry have to offer foreign and domestic investors: Current and future prospects
Moderator: Tarek Mansour - Senior Partner, PwC Egypt
Panelists: Ahmed Abou El-Saad - Chairman,Rasmala Egypt Asset Management
Mohamed Hamra-Krouha - Partner, Clifford Chance
Hazem Kamel - Managing Director & Head of Asset Managemet, Naeem Holding & Chairman , Naeem Financial Investments
Sam Thanvi - Managing Director, Tokio Marine Egypt Family Takaful
Walid Hassouna - Deputy General Manager & Head of Islamic Banking, Bank Audi
10:10 - 10:25
Case Study: State of Senegal US$ 204 million Sukuk Issuance
Zakiyoulahi Sow - Sukuk Project Manager, Islamic Corporation for the Development of the Private Sector, IDB Group
10:25 - 10:55
Coffee & Networking
10:55 - 11:55
CEO Session: Growth and Opportunities for Islamic Finance in Africa
  • Prospects for key Islamic investment destinations across Africa
  • Outlook for the micro, small and medium enterprise (MSME) sector: Is Islamic finance achieving its goal of increasing financial access to MSMEs
  • What synergies exist between the various Islamic economies in Africa and what can be done to strengthen ties?
  • Outlook for syndicated finance, trade and infrastructure finance
  • What role will Islamic banks play to promote financial inclusion and reinforce food security in Africa
  • Future direction for Africa’s Shariah-compliant retail banking and Takaful industry
  • Financial inclusion: Role of market players and multilateral agencies in raising awareness of Islamic retail banking and Takaful
Moderator: Prof Dr Shahinaz Rashad - Executive Director - Financial Services Institute (FSI), Egyptian Financial Supervisory Authority (EFSA)
Panelists: Emad El Sahhar - General Manger and Head of Islamic Banking Sector, Banque Misr
Mohamed Donia - Chief Executive Officer, IdealRatings, Inc
Omar Gouda - Managing Director, Africa ReTakaful
Uwaiz Jassat - Acting Head of Islamic Banking, ABSA Islamic Banking
Zakiyoulahi Sow - Sukuk Project Manager, Islamic Corporation for the Development of the Private Sector, IDB Group
11:55 - 12:10
Presentation: Developing the African SME Market through Islamic Crowdfunding
Adel Boseli - Co-Founder, Shekra
12:10 - 12:30
Case Study Presentation
Hatem El Demerdash - Director, Corporate Finance & Investment Banking, ADIB Capital
Dr Walid Hegazy - Managing Partner, Crowell & Moring
12:30 - 13:30
The African Investment Landscape: Attracting Inward Investment and Cross Border Collaboration
Growing trade and investment relationships between African nations and key Islamic finance jurisdictions is a key element in developing the rate of cross border Islamic finance activity in Africa. This session will focus on current collaborative partnerships and transactions and what the future holds for inward Islamic investments into Africa. What will 2015 hold for Islamic investors and funds managers? Which asset classes and markets are foreign investors looking at and why?
  • How does Africa compare with other emerging regions and how can it effectively compete for international investment?
  • What tax, legal and regulatory reform is needed to spur foreign investment?
  • What can Commodity Murabahah and trade finance offer African SMEs?
  • Outlook for Shariah compliant real estate, equity funds and ETFs
  • Discussing investment strategies and product trends for 2015
  • Growth of the private banking and wealth management sector in Africa
Moderator: Dr Walid Hegazy - Managing Partner, Crowell & Moring
Panelists: Bishr Shiblaq - Head, Dubai Representative Office, Arendt & Medernach, Dubai
Faizal Bhana - Senior Associate, Trowers & Hamlins
Philippe O Piette - Chairman & Chief Executive Officer, WVB Global Financial Intelligence
Tom Guest - Associate Director, Eiger Trading
13:30 - 14:30
End of Forum