The Commonwealth of Independent States (CIS) region has seen encouraging activity in recent years, including regulations– while the global market is also paying attention to the region as investors seek to diversify and tap new markets. The current geopolitical situation provides a further catalyst for the CIS region to develop its Islamic banking and finance capabilities.
A regional leader, Kazakhstan continues to make inroads in bringing Shariah compliant financing and banking by continuously working on bolstering the regulatory environment for Shariah finance by amending the legislation over the last few years. These amendments put Kazakhstan in a unique position within the CIS region as the only country with such progressive Islamic finance legislation, and could act as a catalyst for other CIS governments to consider following in Kazakhstan’s footsteps.
An increasingly important region for the industry and with vocalized support from multiple stakeholders, 2017 will see the second installment of IFN CIS Forum, this time in Astana, the capital of Kazakhstan, and the event is expected to draw market players and regulators from key Islamic finance markets globally and all CIS and Russia.
NOTABLE SPEAKERS AND HONORABLE GUESTS:
Bakhyt Sultanov Minister of Finance, Republic of Kazakhstan |
Timur Suleimenov Minister of National Economy, Republic of Kazakhstan |
Dr Kairat Kelimbetov Governor, AIFC |
Yerlan Khairov Vice-Minister of Investments and Development, Republic of Kazakhstan |
Abdutalip Sultanov President and the Chairman of the Board, Kyrgyz Stock Exchange, Kyrgyzstan |
Asset Issekeshev Mayor of Astana City, Republic of Kazakhstan |
Daulet Abylkairov Deputy Chairman, Damu Entrepreneurship Development Fund |
Alexey Simanovsky Adviser to the Chairman, Central Bank of Russian |
Gulmira Isaeva Vice Minister of Agriculture, Kazakhstan |
Sheikh Abdulla Bin Saoud Al-Thani Governor, Qatar Central Bank |
Dr Bolat Zhamishev Chairman, Kazakhstan Development Bank |
Dr Hussain Ali Al Abdulla Chairman and Managing Director, Masraf Al Rayan |
Khaled Al Aboodi CEO, Islamic Corporation for the Development of Private Sector |
Michael Ryan CEO, Qatar Financial Centre Regulatory Authority |
Sheikh Abdulaziz Bin Ali Al-Thani Head of Business Development Department, Qatar Investment Authority (QIA) |
Adel Mustafawi Group CEO, Masraf Al Rayan |
Mourad Mekhail Advisor to the Board, Kuwait International Bank |
Prasad Abraham COO, Al Hilal Bank, Abu Dhabi & Member of the Board of Directors, Al Hilal Bank, Kazakhstan |
Stella Cox Managing Director, DDCap, the UK |
Baljeet Kaur Grewal Managing Director, Sovereign Wealth Fund - Samruk Kazyna |
Taliya Minullina Chief Executive, Tatarstan Investment Development Agency, Russia |
Nurlan Kussainov CEO, AIFC Authority |
Elena Gupalo Chairman, Zaman Bank |
Arsad Thinoon Executive Director, Amundi Islamic, Malaysia |
Hamed Ali CEO, Nasdaq Dubai |
Ahmed Al Qassim CEO, Emirates NBD Capital, UAE |
Umut Shayakhmetova Chairwoman of Management Board, Halyk Bank |
Magzhan Auezov Chairman of the Management Board, Fortebank |
Marat Kabaev President, International Association of Islamic Business (IAIB), Russia |
Gordon Haskins CEO, Al Hilal Bank Kazakhstan |
08:00 – 09:00 | Registration | ||||
09:00 – 09:10 | Welcome Remarks Dr Kairat Kelimbetov - Governor, AIFC |
||||
09:10 – 09:40 | Keynote Address Khaled Al Aboodi – CEO, Islamic Corporation for the Development of Private Sector (ICD) |
||||
09:40 – 10:25 | Clearing the Roadblocks to Mainstream Islamic finance in the CIS The CIS countries are believed to hold a great potential for the industry but history tells us that large scale adoption is a slow transition, not a massive jump. What are the stepping stones that will be put in place to facilitate growth of Islamic finance in the region?
|
||||
10:25 – 10:55 | An Audience With Regional Financial Regulators A look at how the legal and regulatory framework has evolved and what further changes are anticipated to encourage growth of Islamic finance activities
|
||||
10:55 – 11:25 | Coffee & Networking | ||||
11:25 – 11:55 | Inward Investment: From Agriculture to Infrastructure... What investment opportunities the region’s got to offer the Islamic investment community in 2017? Why the CIS and not the rest of the world?
|
||||
11:55 – 12:25 | Driving Regional Econ Dlpment through Shariah-compliant Capital Raising How can IF facilitate development of regional resources in oil & gas, energy, agriculture and halal industry? How can CIS’s SMEs benefit from Shariah-compliant capital raising products?
|
||||
12:25 – 13:10 | This session looks into various approaches taken by established Islamic financial markets in setting up capital markets framework and discusses best ways of going ahead in the regional context.
|
||||
13:10 – 14:30 | Luncheon | ||||
14:30 – 15:15 | Human Capital as a Building Block to Industry Growth A dearth in human capital, and leadership in particular, is one of the biggest challenges emerging Islamic financial markets face. Developing a generation of Islamic bankers and intermediaries must therefore be embraced not only by academics but also industry leaders and financial regulators.
|
||||
15:15 – 15:30 | Coffee & Networking | ||||
15:30 – 17:30 | Workshop: Sukuk - An Alternative Asset Class With Sukuk gaining popularity globally, the Sharia’a-compliant asset class offers new opportunities to government entities, financial institutions and corporates to raise funds to meet their liquidity requirements by broadening their investor base. An industry that is growing rapidly, Islamic finance is expanding in jurisdictions globally with Sukuk being a key part of the expansion. Whether asset-backed or asset-based, recent innovations have created templates of various Sukuk structures, providing issuers with a flexible route of structuring to meet their requirements. Emirates NBD, Norton Rose Fulbright and Nasdaq Dubai are hosting a workshop in partnership with Astana International Financial Centre to cover key features and aspects of Sukuk and the Sukuk market. The session will provide an overview of how the Sukuk market has developed, explain some structures of Sukuk with case studies, and cover the process of issuing and listing Sukuk. |