|
Turkey is seen as a rising participation finance (Islamic finance) star. Over the years, the strong commitment from the authorities to create a holistic participation finance ecosystem has led the sovereign to introduce new regulations and reform others while pushing for the industry to take a bigger role in Turkey’s financial system. By 2025, the Turkish participation banking sector is expected to hold a 15% market share from 5.1% at the end of 2015 when total assets of participation banks reached TRY120.3 billion (US$18.2 billion).
Turkey still has a long way to go to achieve its goal in terms of modernization, standardization and innovation – taxation issues on participation financial contracts need to be ironed out and the lack of corporate issuances remains unsettled together with Turkey’s stand in terms of fintech. The project of establishing a national Shariah board will certainly address certain issues that market players are currently facing, but not all of them.
Once again, IFN Turkey Forum will return to Istanbul in September 2018 to shine the spotlight on participation finance’s bright future in Turkey.
Agenda
Main Event: IFN Turkey Forum
| 09.15 – 09.20 |
Welcome Remarks |
| 09.20 – 09.30 |
Welcome Address: Murat Cetinkaya — CEO and Board Member, Borsa Istanbul |
| 09.30 – 10.30 |
Mega Trends: Domestic and Global Influencers for Turkey
We discuss key issues relevant to the 2023 Vision, the economic development of the Republic of Turkey and the growth of participation banking. We examine the Turkish financial markets, with a particular focus on geopolitical and financial risks and financial regulation. We also discuss the growth and evolution of the participation banking sector in the Republic and analyze competition and consolidation within the industry as well as the role of foreign investors.
| Moderator: |
Shibeer Ahmed — Partner, Winston & Strawn |
| Panelists: |
Ashraf Mohammed — Deputy Director-General, Procurement, Portfolio and Financial Management Department, Asian Development Bank
Dr Bello Danbatta — Secretary-General, IFSB
Harun Celik — Regional Head, International Islamic Trade Finance Corporation
Ijlal Alvi — CEO, International Islamic Financial Market (IIFM)
Prof Dr Obiyathulla Ismath Bacha — International Centre for Education in Islamic Finance (INCEIF) |
|
| 10.30 – 11.00 |
Coffee Break |
| 11.00 – 12.00 |
Capital Markets Innovation, Sukuk Issuance and Infrastructure Finance in Turkey
We look at innovation in the Turkish capital markets and identify where Shariah compliant products can add value and what role they can play. We discuss recent regulatory developments for Sukuk and assess the latest situation regarding corporate Sukuk and Tier 1 financial institution issuance. We also examine the role of infrastructure finance in Turkey and ask what models could feasibly be imported from other countries and what lessons could be learned? Do Public-Private Partnerships offer a viable model?
| Moderator: |
Mufit Arapoglu — Partner, Balcioglu Selcuk Akman Keki Attorney Partnership |
| Panelists: |
Atila Yanpar — Head of Corporate Finance Department, Capital Markets Board of Turkey
Bashar Al-Natoor — Global Head of Islamic Finance, Fitch Ratings
Fatih Kazan — Acting Supervisor/Financial Sector Specialist, World Bank
Dr Menevse Ozdemir Diliduzgun — Vice-President, Debt Capital Markets Advisory, Halk Invest
Sera Somay — Partner, Paksoy |
|
| 12.00 – 12.25 |
Co-Interview: Islamic Asset Management in Turkey
We ask what is next for the Turkish asset management industry and take a look at recent product innovations. We also examine the latest developments in the Turkish pension industry and consider the growth of demand and supply of Shariah compliant retirement options for savers.
| Interviewer: |
Derin Altan — Partner, Head of Capital Markets, GKC Partners |
| Interviewees: |
Avsar Sungurlu — Assistant General Manager, Albaraka Asset Management
Tayfun Ozkan — General Manager, KT Portfoy |
|
| 12.25 – 13.00 |
Fintech Huddle
We discuss the role of fintech, digital platforms and tokenization in today's financial industry in Turkey. What do the development of smart contracts and blockchains mean for Islamic banking in the region? We assess the latest developments in fintech and analyze likely industry shifts, regulation and developments in product and delivery channels.
| Moderator: |
Vineeta Tan — Editor, Islamic Finance news |
| Panelists: |
Dr Cigdem Ayozger Ongun — Founder – Managing Director, SRP Legal
Leilya Shamel — Associate Director, Business Development, DDCAP
Rachid Ouaich — Co-Founder, ConexCap
Robin Lee – CEO, HelloGold |
|
Side Events 9th – 12th September 2018
Photo Gallery                                                                      
|
|
