REDmoney events
SRI LANKA
Hilton Colombo
6th September 2012

NOTE-TO-EDITOR

Islamic Finance news Pakistan Roadshow
consolidates efforts to champion Islamic finance

Expanding the Realms of Islamic Finance

The Sri Lankan Islamic capital market stands to benefit from increasing GDP growth, exceeding 8% in 2011, and its position as an emerging economy in Asia. This has attracted considerable attention from the foreign investor community, which includes GCC and Southeast Asian investors looking to tap into the country’s Islamic banking and finance market.

Since its establishment in the late 90’s, Islamic banking in Sri Lanka has managed to garner sufficient interest from the domestic consumer market - both Muslim and non-Muslim. The current non-Muslim consumer market in Sri Lanka constitutes more than 20% of its total Islamic banking market share, and these figures are expected to grow as education and awareness of Islamic banking products increases in the country.

The government of Sri Lanka has also been an important catalyst in the creation of Sri Lanka’s Islamic banking and finance market, with the amendment of the Banking Act no.30 in 2005 for the licensing of Islamic banks and financial institutions and to enable the offering of selected Islamic financial institutions. Islamic funds, Takaful and microfinancing are also fast becoming major sectors in the country, and the recent US$175 million Islamic syndicated facility by Sri Lanka Airlines is expected to push forth further issuances in the country, on both a domestic and international level.

In recognition of these developments, Islamic Finance news (IFN) will host the first Sri Lanka IFN Roadshow on the 6th September 2012 at the Hilton, Colombo. The event will be attended by high-level officials in the Sri Lankan banking industry, including the governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal; deputy governor of the Central Bank of Sri Lanka, Ananda Silva; and Faizal Salieh, CEO and MD of Amana Bank.

The IFN Sri Lanka 2012 Roadshow will bring to light topics such as: Challenges and opportunities for Islamic finance in Sri Lanka, regulatory and tax updates, crucial steps in taking Sri Lanka’s Islamic finance capital market to the next level, and liquidity management for Sri Lankan Islamic financial institutions. These issues will be discussed via panelist sessions, enabling attendees to gain a well-rounded perspective from a diverse range of speakers.

 

DATE: Thursday 6th September 2012

TIME: 9am to 5pm (press & delegates to register between 8am & 9am)

VENUE: Hilton Colombo

 

Covering a wide spectrum of topics pertinent to issuers and investors, the IFN Sri Lanka Roadshow will see prominent industry players and global names such as:

 

Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka
Ananda Silva - Deputy Governor, Central Bank of Sri Lanka
Anver Jalaldeen - Senior Vice President, Head of Investment Banking, Sharjah Islamic Bank
Ariff Sultan - Regional Director, Asia, Ideal Ratings
Badlisyah Abdul Ghani - Executive Director & Chief Executive Officer, CIMB Islamic
Chiradeep Deb - Head of Corporate Finance, Mashreq Bank, UAE
Dhammika Nanayakkara - Superintendant of Public Debt, Central Bank of Sri Lanka
Ehsan Zaheed - Executive Director, Amana Takaful Group
Faizal Salieh - Chief Executive Officer & Managing Director, Amana Bank
Fazal Ghaffoor - Chief Executive Officer, Amana Takaful
Fazly Marikar - Head of New Product Initiatives, Amana Bank
Gayani L Perera - Technical Manager, Sri Lanka Accounting and Auditing Standards Monitoring Board
Harith Harun - Managing Director & Chief Executive Officer, Maldives Islamic Bank
Hitesh Asarpota - Director, Capital Markets and Structured Finance, Emirates NBD Capital
Ikbal Daredia - Chief Executive Officer, Alkhair International Islamic Bank, Malaysia
Imran Zahir - Head of Islamic Banking, NDB Bank
Ishrat Rauff - Managing Director & Chief Executive Officer, Adl Capital
Khurram Abdullah - Head of Capital Markets, Dar Al Sharia, Dubai Islamic Bank
K M M Jabir - Deputy General Manager, Al Safa Islamic Finance Unit - People’s Leasing Company
Krishan Thilakaratne - Chief Executive Officer, Al-Falaah Islamic Business Unit, Lanka ORIX Finance
Manil Jayasinghe - Partner, Ernst & Young, Sri Lanka
Neil Miller - Global Head, Islamic Finance, KPMG, UAE
Pharis Jazeel - Head of Treasury, Amana Bank
Preeni Koralege - Head of Legal and Compliance, Amana Bank
R S Samaranayake - Deputy Commissioner, Banking & Financial Institutions, Department of Inland Revenue, Sri Lanka
Rajendra Theagarajah - Chief Executive Officer, Hatton National Bank
Reyaz Jeffrey - Chief Executive Officer & General Manager of Family Takaful, Amana Takaful
Reyaz Mihular - Managing Partner, KPMG, Sri Lanka
Roshan Madawela - Chief Executive Officer & Director, Research Intelligence Unit
Suresh Perera - Principal, KPMG, Sri Lanka
Sujeewa Rajapakse - President, Institute of Chartered Accountants of Sri Lanka
Tyrone Hannan - Head, Global Transaction Banking, Deutsche Bank
Yasantha Dissanayake - Head of Finance, Sri Lankan Airlines
Yvette Fernando - Director Bank Supervision, Central Bank of Sri Lanka

 

Delegates can interact via regular question and answer sessions as well as networking sessions.

About REDmoney Group

REDmoney Group is the holding company behind Islamic Finance news, Islamic Finance training and Islamic Finance events - all leading products in their own right. In 2006, Islamic Finance events created and organized the IFN Asia Forum, which has become the world’s largest Islamic finance event.

Organized by the REDmoney Group, the IFN Roadshow is visiting 8 cities across Asia, the Middle East and Europe. Following this event the roadshow will travel to Bangladesh (20th November) and Thailand (23rd November).

SPONSORS & PARTNERS

EXCLUSIVE LEAD STRATEGIC PARTNER
Amana Bank
ASSOCIATE PARTNERS
Amana Gloal
Amana Takaful Life
Amana Takaful Maldives
Emirates NBD Capital
Al-Falaah, Islamic Business Unit, Lanka ORIX Finance PLC.
EXCLUSIVE KNOWLEDGE PARTNER
KPMG
ROADSHOW ASSOCIATE
CIMB Islamic
EXECUTIVE PARTNERS
ADL Capital Limited
Deutsche Bank AG
People�s Finance PLC (Al- Safa Islamic Unit)
BRAND SPONSOR
Alkhair International islamic Bank
PARTNER
IdealRatings
LEAD MEDIA PARTNER
Islamic Finance news
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