Date: 27th March 2018 Venue: King & Wood Mallesons, Sydney
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After a five-year hiatus, IFN is excited to be back in Australia once again as interest Down Under swells and Shariah investment flows increase.

The country may still be lacking in dedicated Islamic finance laws; however, its stability, as proven by its unbroken record of continued economic expansion over the last 26 years and lucrative real estate sector, has attracted strong interest from Shariah investors from Southeast Asia and the Middle East. Malaysia’s Lembaga Tabung Haji is one of the biggest Islamic investors into the country but more institutional investors from the likes of the UAE and Saudi Arabia are also eyeing a slice of the Australian property pie. To cope with the demand, the very first Islamic bank Australia project is currently underway by IBA Group with intention to offer both Shari'ah compliant retail banking and invest-linked retail and fund management products and services, compliant with Shariah governance and Australian regulatory rules. This is a significant initiative to facilitate and enhance Shariah compliant banking and finance in Australia.

The Shariah rush into the Australian property market may be relatively recent; however, the buildup for Islamic investments has long been in the making on the domestic front. Housing the largest funds under management in the world after the US and Luxembourg, Australia is home to a growing number of Shariah compliant investment funds; experts forecast the Islamic investment fund industry to grow up to US$22 billion by 2020. Shariah compliant mortgages continue to gain positive traction so much so that Australia’s largest banks are also designing Muslim-friendly products to cater to this burgeoning market.

In the backdrop of rising local and international demand for Islamic financial products and proactive measures by market participants – both domestic and foreign – to meet this demand, IFN is proud to be returning to Australia to host regulators, senior industry players and key stakeholders to explore and engage in construction discourse on Australia’s Islamic finance sector.

 

Presentation slides

 

Agenda

09:00 – 09:05 Opening Remarks
09:05 – 09:15 Welcome Remarks
Chaaban Omran  – 
CEO, Islamic Financial Services Council of Australia (IFSCA)
09:15 – 09:30 Keynote Address
Professor Dr John Hewson  – 
Board Member, IBA Group (former Opposition Leader of Australia)
09:30 – 10:20 Shariah Compliant Investment Opportunities in Australia: Where do we stand now?
  • Australian regulatory constraints and entry barriers hampering the growth of Islamic financial products and services
  • Vexed taxation and compliance issues facing the nascent industry in Australia and other countries with Muslim minorities
  • Why competition remains a real problem for many Islamic finance providers operating either as mortgage brokers or tightly controlled financial intermediaries without the ability to raise funds in the money market.
Moderator: Muzzammil Dhedhy – COO, Hejaz Financial Services
Panelists: Dr Abul Khair Jalaluddin – Director, Islamic Financial Services Council of Australia (IFSCA)
Almir Colan –
Director, Australian Centre for Islamic Finance
Dale Rayner –
Partner, King & Wood Mallesons
Professor Dr John Hewson  – 
Board Member, IBA Group (former Opposition Leader of Australia)
10:20 – 10:30 Presentation: Responsible Islamic Finance in Australia
Presenter: Chaaban Omran  – CEO, Islamic Financial Services Council of Australia (IFSCA)
10:30 – 11:00 Coffee Break
11:00 – 11:50 Portfolio Construction and The Importance of Diversification
Moderator: Mohamed Hage – Head of Research and Investments, CPG Research and Advisory Pty Ltd
Panelists: Anthony WamstekerChairman, IBA Group
Ariff Sultan – Regional Director - Asia, IdealRatings Inc
Hakan Ozyon – 
CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund 
Hilton Wood – Chief Representative Officer, Doha Bank, Australia
Issam Eid – Portfolio Manager, Sigma Funds Management
Dr Rashid Raashed – Chief, Sharia'h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group 
11:50 – 12:20 Presentation: Further Growth and Opportunity in Shariah Compliant Investment Funds and Superannuation
  • Current Economic conditions and demand for Islamic financial products.
  • Difference between Islamic and conventional funds from the industry perspective.
  • Dynamic Global opportunities for funds with Ethical and Sharia overlay.
Presenter: Hakan Ozyon – CEO, Hejaz Financial Services and Senior Portfolio Manager, Global Ethical Fund
12:20 – 12:30 Presentation: Islamic Banking and Finance in Australia; A dynamic Alternative to their Conventional Peers
Presenter: Dr Rashid Raashed – Chief, Sharia'h Audit Executives (SAE) and Board Member, Islamic bank Australia Project/IBA Group
12:30 – 13:30 Islamic Real Estate Investment, Property and Construction Finance
  • Indicative of greater Islamic investment interest in the Australian property market, the year saw the arrival of leading ethical real estate.
  • Also, broader interest in the Australian real estate market from a number of other Middle East and Southeast Asian investors, and further Shariah compliant property transactions, particularly in the commercial property space, are expected.
Moderator: Mahanoor Hassan Khan  – Operations Manager, Islamic Cooperative Finance Australia Ltd
Panelists: Ariff Sultan – Regional Director - Asia, IdealRatings Inc
Chaaban Omran  – 
CEO, Islamic Financial Services Council of Australia (IFSCA)
Christopher Aylward
 – Partner, Banking and Finance, Madison Marcus
Dr Imran LumDirector, Islamic Capital Markets, National Australia Bank
Dr Muhammad M KhanCEO, Halal Australia
13:30 – 14:30 Networking
14.30 End

 

 

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IN ASSOCIATION WITH

Australian Centre for Islamic Finance

MULTILATERAL STRATEGIC PARTNERS

The Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for The Insurance Of Investment And Export Credit (ICIEC)
International Islamic Trade Finance Corporation
The Islamic Solidarity Fund for Development (ISFD) IDB Group Business Forum (THIQAH) 

PARTNERS

IFSA / IBA GROUP
IdealRatings
IFSCA
KING & WOOD MALLESONS

SUPPORTING ORGANISATION

The Australia Arab Chamber of Commerce & Industry Empowers Trade and Investment between Australia and the Middle East

National Media Partner

AMUST, The Autralasian Muslim Times

HOST MEDIA PARTNERS

Islamic Finance news
IFNFintech
IFN Corporate

MEDIA PARTNERS

AlHuda Centre of Islamic Banking and Economics
Asia First
SME Magazine