Alex Roussos - Partner, Dentons
Avsar R Sungurlu - Executive Vice President, BMD Securities
Aykut Tasel - Director, Corporate Finance, PwC
Hitesh Asarpota - Director, Capital Markets and Structured Finance, Emirates NBD Capital, UAE
Hulusi Horozoglu - Assistant General Manager, Head of Banking & Capital Financing, HSBC Turkey
Khalid Howladar - Global Head, Islamic Finance, Moody’s Investor Service, UAE
Nusret Cetin - Partner, LBF Partners
Rizwan Kanji - Partner, King & Spalding, UAE
Sera Somay - Counsel, Paksoy
Dr Serdar Sümer - Managing Partner and Board Member, DCM, Tera Securities
Website: www.borsaistanbul.com
Borsa Istanbul, with historical roots going back to 1873, is a diversified regional exchange in Turkey, providing trading, settlement, custody and registry services for equities, derivatives, fixed income and repo, precious metals and Islamic finance products.
The company operates under a single umbrella, following its de-mutualization and incorporation in 2012 and the successful completion of horizontal integration (via the acquisition of the derivatives and gold exchanges) and vertical integration (via control of the two domestic post-trade firms), shortly thereafter.
Through its markets, Borsa Istanbul offers corporates, investors and traders in the region a broad range of financial products suited to their needs, and efficient access to extensive capital markets. Post-trade and depository services are offered by its majority-owned subsidiaries of Takasbank (Istanbul Settlement and Custody Bank) and MKK (Central Securities Depository). Borsa Istanbul calculates 360 indices that measure and benchmark equity and fixed income markets in Turkey.
Borsa Istanbul is a shareholder in the Sarajevo, Baku, Kyrgyz and Montenegro Stock Exchanges, as well as LCH. Clearnet.
For further information, please visit Borsa Istanbul at www.borsaistanbul.com, and follow us on Facebook, and Twitter.
Website: www.carf.boun.edu.tr/
Website: www.turkiyefinans.com.tr/en/index.aspx
The Turkiye Finans Participation Bank is the well-established participation bank of Turkey that has been operating with its strong capital structure since 2005, with the National Commercial Bank (NCB) as its main shareholder owning 67.03% of its shares.
Since 2008, Turkiye Finans has been under the management of the NCB, the largest bank of Saudi Arabia and one of the leading players in the participation banking sector.
In the first half of 2016, Turkiye Finans’s assets stood at TRY40.4 billion (US$13.6 billion) and the bank operated 286 branches with 4,091 staff and it also has services and solutions to its broad customer base in commercial/corporate banking, SME banking and retail banking segments with its strong service platform that consists of effective alternative distribution channels.
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:
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: icd@isdb.org
Website: www.icd-ps.org
Website: www.kfhresearch.com/
KFH Research is the world's first Islamic investment research and advisory house to be established by an Islamic bank. A direct subsidiary of Kuwait Finance House, KFH Research was set up in 2007, comprising industry professionals and star research analysts with broad experience in Islamic finance and global markets.
Based in Kuwait and Malaysia, KFH Research plays a crucial role in linking the GCC countries with the rest of Asia and other emerging Islamic financial markets. The research house produces a wide range of publications which covers an analysis of macroeconomic and sector trends, country-specific issues and trends, currency movements, commodities, developments in Islamic capital markets as well as sovereign and investment products.
Through its research, the company provides insightful, objective and decisive thoughts and arguments designed to enable divisions within the Kuwait Finance House Group as well as its corporate clients to make informed investment decisions.
Website: www.kslaw.com
King & Spalding is an international law firm with more than 30 years experience advising clients globally on Islamic finance. Consistently ranked among the best in the world, the firms global Islamic finance and investment practice includes nearly 30 lawyers and professionals in offices across Europe, the US and the Middle East.
In Europe, the firm is recognized as a leader in structuring and advising on Shariah compliant real estate financing and investments, as well as advising various international investment banks in their capacities as arrangers in debt capital market transactions, particularly Sukuk issuances. In the US, the firm is widely acknowledged as the firm of choice for Shariah compliant investment and financing transactions. In the Middle East, the firm leads in the formation of investment funds across a range of asset sectors, and the innovative fund structures it has developed to deal with local ownership and financing restrictions are now precedents followed by the industry. The firm maintains a leading role in handling debt capital markets work, in particular Sukuk issuances for issuers and lead arrangers across the Middle East and Turkey.
Website: www.emiratesnbd.com/en/
Emirates NBD Group
Emirates NBD is a leading banking group in the region. As at the 31st December 2016, total assets were AED448 billion (equivalent to approximately US$121.94 billion). The group has a leading retail banking franchise in the UAE with more than 219 branches and over 1,012 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, global markets and treasury, investment banking, private banking, asset management and brokerage operations.
The group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the UK and representative offices in India, China and Indonesia.
The group is an active participant and supporter of the UAE’s main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
Emirates NBD Capital
Emirates NBD Capital (EmCap) is the investment banking subsidiary of the Emirates NBD Group, licensed to operate in the Dubai International Financial Center. EmCap comprises an experienced team of professionals combining an international perspective with in-depth regional knowledge spanning debt capital markets (DCM), syndicated/club loans, financial advisory, equity capital markets and project finance. The DCM franchise of Emirates NBD is a leading bond and Sukuk house globally and has helped issuers raise approximately US$60 billion in capital market issuances since 2013. The product suite includes Sukuk (rated and unrated), conventional bonds, subordinated structures and private placement transactions.
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.
Website: islamicbankingintelligence.com
Website: www.khalijislamic.com/
Khalij Islamic (KI), established in 2008, is an Islamic finance investment and advisory boutique with a presence in the UK, the UAE and Bahrain. Khalij Islamic (UK) is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
KI offers strategic consulting, and specialized expertise for developing, structuring, sourcing and placing bespoke Shariah compliant financial products focusing on ‘true asset’ investment products as well as Islamic liquidity and risk management solutions.
KI, adds value by providing a broad range of professional and reliable world class end to end Shariah services by harnessing the skills and collective intellectual capabilities of a seasoned management team that boasts over 100 years of collective investment banking and consulting experience, together with the connectivity with highly respected world-renowned Shariah scholars and affiliation and collaboration with influential industry bodies in the Islamic finance space.
KI focuses on bringing new asset classes and high quality Islamic investment products to Islamic investors. This not only gives Islamic investors increased opportunities to invest in high quality investment products but also helps them to diversify their portfolios from the traditional asset classes.
Website: www.albarakaturk.com.tr/
Al Baraka is today at the forefront of Islamic banking and emphasizes a commitment to becoming the natural global leader in Islamic banking. Al Baraka is a strong symbol of not only uniting all subsidiaries under a single banner, but stands for building trust and adding value to the lives of our customers. The Unified Corporate Entity of Al Baraka links the philosophical dimension of participation and partnership and the equitable sharing of risk and reward – upon which Islamic banking is based.
Al Baraka Banking Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 15 countries, which in turn provide their services through over 600 branches. Al Baraka currently has a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya.
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Website: www.azimut.it
Azimut is a global independent asset manager active since 1989 with AUM in excess of US$37 billion as of August 2014. Since 2004 its parent company Azimut Holding is listed on the Italian stock exchange and is a member of the FTSE MIB and Euro Stoxx 600 indices. The shareholder structure includes over 1,200 managers, employees and financial advisors, bound by a shareholders’ agreement controlling 20% of the company while the remaining is free floating. The group includes companies active in the management and distribution of financial and insurance products, with offices in Italy, Luxembourg, Ireland, Turkey, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Singapore and Brazil. Since 2012 Azimut is leading the development of an independent asset management industry in Turkey with AZ Global, which is also the advisor to AZ Global Sukuk, a Luxembourg-based UCITS-IV fund that is one of the largest investment pools in Sukuk globally.
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.
Website: www.fwugroup.com/cms/index.php?id=home&L=1
FWU Group is an international financial services group, active in bancassurance, asset management and life insurance. FWU is recognized for international leadership and expertise in Shariah compliant investments and insurance (Takaful). FWU specializes in white-label Family Takaful investment-linked plans; partnering with local Takaful operators, to offer customized innovative solutions ‐ encompassing savings, education, marriage and retirement plans.
FWU is a leading global service provider for Family Takaful in Saudi Arabia, the UAE, Oman, Pakistan and Malaysia. Recently, FWU extended its presence into Indonesia, partnering with Sinarmas MSIG Life.
FWU has successfully pioneered new Sukuk structures, under the brand name SALAM, raising financing for its fast growing business activities in several growth markets. FWU’s recent US$100 million SALAM-III Sukuk (investment grade rating, Fitch) has closed its first two tranches, totalling US$60 million, with a profit-rate of 7% per annum.
FWU has won multiple international Sukuk and Takaful awards in recognition of market accomplishments and global expertise in Takaful.
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:
Website: www.pwc.lu
PwC Luxembourg is the largest professional services firm in Luxembourg with 2,300 people employed from 57 different countries. It provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. It helps its clients create the value they are looking for by giving comfort to the capital markets and providing advice through an industry focused approach.
The global PwC network is the largest provider of professional services in audit, tax and advisory. We’re a network of independent firms in 157 countries and employ more than 184,000 people. Tell us what matters to you and find out more by visiting us at www.pwc.com and www.pwc.lu
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
Website: www.bmd.com.tr
BMD Securities is a Turkey-based brokerage company with integrated investment banking services including brokerage, asset management, corporate finance, research and investment consulting. With its solid ownership structure and through its wide distribution network comprising agencies that include most of the participation banks in Turkey, the firm offers many unique Islamic and conventional investment vehicles to investors across the country. Among the many highlights of the firm’s achievements are being the issuer and manager of the Dow Jones Islamic Market Turkey ETF, the world’s first Islamic market ETF; and provider of the first local compliant equity index of Turkey, the Participation Index. For more information on BMD, visit http://www.bmd.com.tr.
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 subs@IslamicFinancenews.com
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.
Website: www.capitalbusiness.me
Website: www.blassys.com/
Website: www.eyeofriyadh.com
Website: www.financialplaces.com/
Website: www.oxfordbusinessgroup.com/
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Asia, the Middle East, Africa and Latin America.
OBG offers a comprehensive analysis of macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
The group’s acclaimed economic and business reports are the leading source of local and regional intelligence, while its online economic briefings provide an up-to-date in-depth analysis. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms operating in these markets and those looking to enter them.
Website: www.tkbb.org.tr/
Website: www.inovatifmedia.asia
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.
Website: voicesofleaders.com
Voices of Leaders (VL) is a global business network for top executives and companies to Meet, Share and Grow locally, regionally and internationally.
The data-driven business profiles allow you to Meet top executives across a wide variety of industries, sectors and countries. Share your business needs among members looking for specific business opportunities and Grow your business network at a local and international level, while increasing the possibility of creating synergies, and finding partners and investors.
VL is committed to giving leaders from around the world a voice and in response to the demands of the digital age, VL produces interactive ebooks on the countries visited and the networking events it covers.
Website: www.worldcsrday.com
The WORLD CSR DAY is guided by Leaders.... Leaders who believe in the value of Sustainable CSR; that which is built in the fabric of business - making it a reality. Leaders produce Leaders will be a common thread uniting nations and people who take CSR more responsibly. They also believe that CSR is a tool to the Development of the Future. Leaders, Professionals, CSR Practitioners, CEOs, Sustainability Experts and Media honchos in different parts of the world will help in spreading the message of World CSR Day. Let’s Unite the World with the Spirit & Energy for conscious CSR. (www.worldcsrday.com)
