Islamic Finance Prospects, Challenges and Potential Traction in Europe
  • IN ASSOCIATION WITH

Date: 10th June 2015 Venue: Chambre de Commerce, Luxembourg

Sponsors & Partners

LEAD PARTNER

Eethiq Advisors

Website: www.eethiq.com

EETHIQ Advisors is a Luxembourg-based advisory firm that specializes in cross-border Shariah compliant investments, created by a group of passionate experienced professionals.

EETHIQ Advisors has executed more than EUR1 billion (US$1.08 billion)-worth of cross-border alternative investment strategies and financing in a Shariah compliant context and thus benefits from a unique expertise in Europe, Turkey and the Middle East, where it has gained in-depth knowledge of real estate and private equity transactions.

Within these jurisdictions, EETHIQ Advisors’ associates address the most complex needs of both institutional investors (through fund structures) and high-net-worth individuals (family offices and entrepreneurs) by the following:

  • Create and implement corporate governance strategies around the institutions, families and individual’s needs, as well as financial and economic reporting tailored to the needs.
  • When requested, advise on the adequacy of an investment with the defined wealth management strategy.
  • Hands-on execution and ongoing management of transactions, including acquisition, restructuring and disposals.
  • Optimize and set up efficient investment structures that include external Shariah compliant financing.

EETHIQ Advisors provides tailored, honest, transparent and independent advice to individuals and institutions targeting Islamic alternative investments.

MULTILATERAL STRATEGIC PARTNER

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

Website: www.icd-ps.org

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

ASSOCIATE PARTNER

Finance Accreditation Agency

Website: www.faa.org.my/

The Finance Accreditation Agency (FAA) is responsible for raising the standards and quality of professional learning and development in the financial services industry. As an advocate for the highest quality in internationally benchmarked standards for learning programs, FAA aims to create highly skilled and internationally mobile professionals for the global financial services industry.

FAA is an independent quality assurance and accreditation body supported by Bank Negara Malaysia (Central Bank of Malaysia) and Securities Commission Malaysia. The process of quality assurance practiced by FAA is underpinned by the FAA Technical Committee which comprises a world-class panel of experts and practitioners from the financial services industry and leading academics.

EXECUTIVE PARTNERS

Arendt & Medernach

Website: www.arendt.com

Arendt & Medernach is the leading independent business law firm in Luxembourg. The firm’s international team of more than 275 legal professionals represents Luxembourg and foreign clients in all areas of Luxembourg business law from our head office in Luxembourg and our foreign offices in Dubai, Hong Kong, London, Moscow and New York.

Our philosophy is expressed through our five values: vision, commitment, people, independence and energy. We strive for excellence in order to achieve the best results for our clients and we always look for creative solutions.

Our specialized practice areas allow us to offer a complete range of Luxembourg legal services tailored to the client’s individual needs across all areas of business law.”

Barwa Bank

Website: www.barwabank.com

Barwa Bank is a Shariah compliant bank in the State of Qatar, established in Doha and licensed and regulated by the Qatar Central Bank. Barwa Bank provides a full range of Shariah compliant banking services including retail, corporate and commercial banking, private banking, real estate finance, structured finance, investments and asset management.

Bonn & Schmitt

Website: www.bonnschmitt.net/

Bonn & Schmitt is a leading Luxembourg law firm with an extensive international practice. The firm’s attorneys are experienced practitioners in the Luxembourg legal environment and represent a broad spectrum of expertise that allows them to deliver unrivaled legal solutions in one of Europe’s leading financial centers.

Bonn & Schmitt has established strong working relationships with leading law firms throughout Europe and in the international community with whom the firm interacts closely and collaboratively to provide its clients with innovative and integrated solutions to multi-jurisdictional matters.

The firm’s truly global client base stretches through Europe, Asia, the US, South America, South Africa and Russia.
Bonn & Schmitt is the trusted legal partner of leading international institutions, industrial corporations, national governments as well as media companies, pharmaceutical groups and food and beverage groups listed on the Forbes Global 2000 list.

The International Financial Law Review awarded Bonn &Schmitt twice ‘Luxembourg Law Firm of the Year’ in 2013 and 2014.

DDCAP

Website: www.ddcap.co.uk

Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP provides asset facilitation services to over 300 financial sector clients worldwide.

DDCAP is majority-owned and controlled by IPGL, a private holding company with an interest in a number of financial services companies. IPGL is also a significant shareholder in NEX Group (previously ICAP), a leading markets operator and provider of post-trade risk mitigation and information services.

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.

DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait.

DDCAP recently announced the launch of its multi-award-winning Shariah compliant ETHOS Asset Facilitation PlatformTM, 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.

Eiger

Website: https://www.eigertrading.com

Eiger Trading Advisors (Eiger) is a UK-based asset-trading and technology company founded in 2008, which specializes as an intermediary in Islamic financial products.

As a leading intermediary and technology provider within the commodity Murabahah space, Eiger has the unique capabilities to deliver Shariah compliant commodity trading solutions through the Eiger Trading Platform (ETP), a web-based trading system, that we tailor to our bank clients’ exact operational requirements.

The ETP automates the structuring and execution of Islamic banking products for wholesale and retail commodity-backed transactions, including two new enhanced modules:

  • ETP Retail - A 24/7 STP platform designed to automate the end-to-end commodity Murabahah transactions underpinning retail banking products such as deposits, loans, CASA, credit cards
  • ETP Client Reach – A bespoke middle and back office module designed to streamline Islamic treasury and derivative transactions, including execution and documentation with our clients’ clients.

Eiger is authorized and regulated by the UK’s Financial Conduct Authority, and is both a member of the London Metal Exchange and an associate of the London Platinum and Palladium Market.

Gatehouse Capital

Website: gc.com.kw

Gatehouse Capital is a Kuwait-based investment advisory firm and part of the Gatehouse Financial Group (Gatehouse). Founded in 1998, Gatehouse Capital has focused on global real estate investments as well as wealth management services. Gatehouse advises on transactions with assets based in the US and the UK. For more information, please visit www.gc.com.kw

IdealRatings

Website: www.idealratings.com/

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.

 

 

iSfin

Website: www.isfin.net/

Created in 2011, ISFIN (Emerging markets advisors) became in less than 6 years, the world’s leading emerging markets advisory (included Islamic Finance and Halal industry). ISFIN offers a wide range of services to companies wishing to enter these emerging markets, and deal with specific products for Muslims consumers and companies worldwide.

We collaborate closely with other firms /consultants specialized in a specific field. We also propose legal and tax advices (throughout our partners in 75 countries) and marketing packages to companies willing to develop Halal/Islamic finance products on their existing and new markets. Working collaboratively and internationally with the best consultants and financial institutions is our strength!

Each member of our team is specialized in a field:

  • Conventional/Islamic Marketing
  • International trade, export
  • Finance, audit, sharia audit
  • Islamic Finance
  • Halal industry
  • Business intelligence

 

KPMG Luxembourg

Website: www.kpmg.com/lu/en/pages/default.aspx

KPMG is a global network of professional firms providing audit, tax and advisory services. We have more than 162,000 outstanding professionals working together to deliver value in 155 countries worldwide.

KPMG Luxembourg is a leading provider of professional services in Luxembourg and abroad. Our MENA Desk is run by a highly skilled multi-disciplinary team, specialists in tax, real estate and infrastructure, transaction services (including due diligence), accounting, Islamic finance as well as valuation services, who are dedicated to business relationships with clients from the Middle East, North Africa, Turkey, Indonesia and Malaysia.

We help clients from the region to establish their Luxembourg vehicles by assisting them in the selection of the most suitable and efficient structure, providing corporate secretarial and accounting services, due diligence and valuation services on main deals, as well as ongoing audit and tax services.

Luxembourg for Finance

Website: www.luxembourgforfinance.com/en

Luxembourg for Finance (LFF) is the agency for the development of the financial center. It is a public-private partnership between the Luxembourg government and the Luxembourg Financial Industry Federation. Founded in 2008, its objective is to develop Luxembourg’s financial services industry and identify new business opportunities.

LFF connects international investors to the range of financial services provided in Luxembourg, such as investment funds, wealth management, capital market operations or advisory services. In addition to being the first port of call for foreign journalists, LFF cooperates with the various professional associations and monitors global trends in finance, providing the necessary material on products and services available in Luxembourg. Furthermore, LFF manages multiple communication channels, organizes seminars in international business locations and takes part in selected world-class trade fairs and congresses.

S&P Dow Jones Indices

Website: www.spdji.com

S&P Dow Jones Indices (S&P DJI) is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over one million indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P DJI has the longest history of providing Islamic market indices since the launch of DJIM World Index, the world’s first Shariah compliant benchmark in 1999. In 2006, the Dow Jones Sukuk Index was launched, which became the first index to track the performance of global Islamic fixed income securities.

Nowadays, S&P DJI offers two highly visible and widely used index families for Shariah compliant investors: The DJ Islamic Market (DJIM) Indices and S&P Shariah Indices. The two index families include thousands of broad-market, blue-chip, fixed-income and strategy and thematic indices that have passed rules-based screens for Shariah compliance and are the most visible and widely-used set of Shariah compliant benchmarks in the world. A majority of the largest asset managers in the Middle East, Southeast Asia as well as major banks/asset managers in Europe and the US that serve a Shariah clientele utilize S&P DJI to construct Shariah compliant investment strategies.

S&P DJI is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com.

 

HUMAN CAPITAL PARTNER

Jardine Human Capital

Website: www.jardinehc.com

LANYARDS SPONSOR

World Vest Base

Website: www.wvb.com

World Vest Base provides a broad range of informational products directed at institutional investors, universities, bankers, analysts, tax and audit practitioners, government agencies and asset managers, M&A, private capital, equity and fixed income markets.

The company’s latest offering includes the WVB Shariah Compliance Ratings which is a relational database of financial, statistical and market information on active and inactive global companies.

The database covers 153 countries with over 44,600 active listed companies and 30,000 inactive companies. This covers approximately 99% of all listed companies and a global market capitalization of almost 100%.

WVB data is based on the country of incorporation. It describes a company as a legal entity, not individual issues or listings and offers complete documents with indexed financial transparency to the data.

For more information, visit www.wvb.com

LEAD MEDIA PARTNER

Islamic Finance news

Website: www.islamicfinancenews.com

Islamic Finance news is the industry's leading, capital markets focused, e-newsletter bringing you unrivalled editorial coverage every week on the global Islamic financial market.

This weekly newsletter provides insightful and intelligent editorial coverage from around the world helping you keep ahead. In addition to a comprehensive weekly review of all the stories from around the globe, interviews, forums, market statistics and data, key industry practitioners contribute via non-biased, educational and up-to-date country and sector reports, giving you a firsthand knowledge and understanding of the Islamic finance markets and instruments from an experts' point of view.

For a trial subscription, please contact +603 2162 7800 or email [email protected]

STRATEGIC MEDIA PARTNERS

Business Islamica

Website: businessislamica.com/

Launched in November 2006, Business Islamica is the first monthly magazine of its kind in the UAE, specifically covering all aspects of Islamic business and finance, both regionally and internationally.

The magazine’s objective is to spearhead awareness initiatives, heighten knowledge of its core principles and practices, as well as to feature the latest developments in this industry.

Our editorial covers interviews with key industry leaders, case studies, and includes features on a wide range of topics such as; Islamic Banking, Wealth Management, Takaful (Islamic Insurance), Islamic Retail Finance, Marketing and Branding of Shari’ah-Compliant products, Regulatory Issues, Islamic Business Challenges and Risk Management.

Capital Business

Website: www.capitalbusiness.me

Capital Business Magazine is a B2B English monthly publication focusing on business best practices and is a publication accredited by the Dubai International Financial Centre (DIFC). It enjoys a sizable footprint in the Middle East on the strength of feature articles contributed by certified financial and business experts, as well as coverage of a broad spectrum of topics including banking, IT, oil & gas, real estate and construction, human capital, risk management, corporate finance and cash management, corporate governance, investments, IPOs, tools of trade and more.

MEDIA PARTNERS

Funds Europe

Website: www.funds-europe.com

The Business Year

Website: www.thebusinessyear.com/

The Business Year (TBY) is a global media group specializing in economic news, research on national economies, and business intelligence across emerging markets. With operations in over 35 countries, we bring first-hand insights to investors, businesses, and governments worldwide.

 

 

 


LEAD PARTNER

Eethiq Advisors

MULTILATERAL STRATEGIC PARTNER

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

ASSOCIATE PARTNER

Finance Accreditation Agency

EXECUTIVE PARTNERS

Arendt & Medernach
Barwa Bank
Bonn & Schmitt
DDCAP
Eiger
Gatehouse Capital
IdealRatings
iSfin
KPMG Luxembourg
Luxembourg for Finance
S&P Dow Jones Indices

HUMAN CAPITAL PARTNER

Jardine Human Capital

LANYARDS SPONSOR

World Vest Base

LEAD MEDIA PARTNER

Islamic Finance news

STRATEGIC MEDIA PARTNERS

Business Islamica
Capital Business

MEDIA PARTNERS

Funds Europe
The Business Year