Islamic Finance: Opportunities for Hong Kong & China

Date: 29th October 2015 Venue: Regal Kowloon Hotel, Hong Kong


9:00 – 9:20

Keynote Address

  • Current regulatory framework promoting Islamic finance activities in Hong Kong
  • Initiatives by the HKMA in developing Islamic finance in Hong Kong

Enoch Fung - Head of Market Development Division, Hong Kong Monetary Authority (HKMA)

9:20 – 10:20

A Review of Islamic Finance in Key Markets Globally and Hong Kong’s Unique Position

  • Which specific markets in Asia, the GCC and Europe are thriving and what is driving growth?
  • What further market activity can we expect from new and mature Islamic financial markets?
  • How is Hong Kong positioned to manage China’s developing Islamic investment market?
  • What specific roles can Hong Kong market players and regulators play in tapping the imminent opportunities China will offer Islamic issuers and investors?
  • Which industries and asset classes in particular should Islamic finance market makers be focused on?

Raja Teh Maimunah – Chief Executive Officer, Hong Leong Islamic Bank, Malaysia

10:20 – 10:50

Opportunities for Greater China in the Global Islamic Capital Market

  • What is driving the push for Islamic finance in Hong Kong and what opportunities are available to market players?
  • What role will Hong Kong and the mainland respectively play in developing Islamic finance products?
  • Which Shariah compliant products are likely to meet the needs of the Hong Kong and Chinese markets and how will these be developed?

Davide Barzilai – Partner, Norton Rose Fulbright, Hong Kong

10:50 – 11:20

Coffee & Networking

11:20 -11:40

What is Driving the Interest in Islamic Finance from the Mainland Chinese Market?

  • What is China looking for in developing their Islamic finance market? Which markets are mainland investors interested in and why is there an increased drive to tap Islamic money?

Abdullah Han – Director, Al Sadiq Consulting, China

11:40 – 12:20

Raising Funds in the Current Economic Environment: Sukuk and Alternative Funding Tools

  • What is the appeal of increasingly popular structures such as perpetual, covered and convertible Sukuk amongst corporate issuers?
  • What new trends are likely to develop in Shariah compliant capital raising?
  • Which capital raising methods are best suited to the Greater China market?
  • Widening investor appeal of corporate Sukuk: A look at ratings and inclusion on Shariah indices
  • Tradability of Sukuk: Activity on secondary markets

Mohamad Safri Shahul Hamid - Senior Managing Director & Deputy Chief Executive Officer, CIMB Islamic

12:20 – 13:30


13:30 – 14:15

Sukuk: Structures and Regulatory Guidelines

  • The Sukuk structuring process: What can be done to navigate the legal and regulatory environment in Greater China?
  • Commonly used and innovative Sukuk structures
  • Legal and regulatory framework for Sukuk for Greater China issuers
  • What makes Sukuk compliant with Islamic law?

Gregory Man – Partner, Norton Rose Fulbright, United Arab Emirates

14:15 – 14:30

Role of Shariah Indices in Broadening the Investor Base for Sukuk

Michele Leung – Director, Fixed Income Indices, S&P Dow Jones Indices

14:30 – 14:50

HK Tax Structures available to Potential Sukuk Issuers and Fund Managers in Hong Kong and the PRC

Florence Yip - Asia Pacific Asset Management Group Tax Leader, PwC

14:50 – 15:30

A Review of the Islamic Asset Management Market

  • Shariah principles governing Islamic Investment Funds
  • Performance of Shariah equity and Fixed income funds in Asia
  • Which Shariah compliant investment products will meet the demand of the mainland Chinese market? What makes Islamic mutual funds stand out in the market?
  • MRF-linked funds and similar initiatives: What opportunities exist in taking Islamic mutual funds across the border?

15:30 – 15:45

Shariah Considerations in Sukuk and Other Islamic Transactions

Amirali Nasir – Founding Principal, Nasirs
Chairman, Islamic Finance Working Party, Law Society of Hong Kong

15:45 – 16:15

Panel Discussion: Islamic Finance in Hong Kong: The Way Forward

  • As an international financial, trade and shipping center and the leading offshore RMB business center, how can Hong Kong capitalize on the increased trade between China and Muslim-majority countries?
  • Growing investors’ appetite for Islamic investment instruments in Greater China
  • Outlook for Islamic project and commodity transactions in the City

Sally Wong – Chief Executive Officer, Hong Kong Investment Funds Association

16:15 – 16:45

Coffee & Networking





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