REDmoney Events - IFN EUROPE FORUM 2013

In Association with

Issuers Day: Tuesday, 28^th May 2013
Investors Day: Wednesday, 29^th May 2013
Venue: The Guildhall, London

Confirmed Delegates:
570

DAY 1: Issuers Day
DAY 2: Investors Day

Issuers Day

08:00 - 09:00

Registration

09:00 - 09:15

Keynote Address: Islamic Finance as an Engine for Sustainable Economic Development
Michael Bennett - Head of Derivatives and Structured Finance, Capital Markets Department, World Bank

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09:15 - 09:30

Chairperson's Introduction
Mohammed Amin - Islamic Finance Consultant

09:30 - 10:30

Session One: Outlook for the Islamic Capital Markets in Europe: Competing on a Global Scale

Identifying the key drivers for sustainable growth of Europe‘s Islamic financial services industry: regulatory stability, developing a domestic market, diversified investor base
Leveraging the unique strengths of key markets in developing a world class Islamic finance hub: the United Kingdom, Luxembourg, Turkey, Ireland
Building on efforts to pursue investment flows from the Middle East: how can regulators and market players facilitate further trade and investment flows from the Gulf
Assessing the prospects of a sovereign Sukuk for the UK - market readiness, political hurdles, impact on liquidity
Outlook for Europe‘s lucrative property market and its continued impact on driving Islamic investments
Is Europe‘s Islamic finance sector at the risk of over-reliance on Middle East asset ownership?

Panelists:

Harris Irfan - Managing Director, European Islamic Investment Bank
Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic
Neil Miller - Global Head of Islamic Finance, Linklaters
Stella Cox - Chief Executive Officer, DDCap

10:30 - 10:45

Presentation: Growth, Future Potential and Opportunities for Issuers in the United Kingdom‘s Islamic Finance Sector
Samer Hijazi - Director, Financial Services Practice, KPMG

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10:45 - 11:15

Networking Break

11:15 - 12:00

Session Two: Islamic Capital Markets and Sukuk: Recent Developments in European Markets

Examining notable European issues in 2012 and why they succeeded: FWU US$55 million Sukuk, Republic of Turkey US$1.5 billion lease certificates
Discussing recent European issuances – examining deal size, structuring trends and innovation
Outlook for infrastructure and corporate Sukuk in the UK and addressing the crucial need to develop a domestic market for Sukuk issuances
Analysing Turkey‘s foray into the sovereign and corporate Sukuk market – key success factors and lessons learned
Emerging tax, legal and regulatory considerations for European issuers
Examining the practicalities of Sukuk listing on the various European exchanges

Moderator:	Rizwan Kanji - Partner, Islamic Finance and Debt Capital Markets, King & Spalding, Dubai
Panelists:	Farmida Bi - Partner, Norton Rose Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital Dr Massoud Janekeh - Director and Head of Islamic Capital Markets, Bank of London and The Middle East

12:00 - 12:15

Case Study: FWU US$55 million Sukuk Ijarah
Sohail Jaffer - Deputy Chief Executive Officer, FWU Global Takaful Solutions

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12:15 - 12:30

Country Presentation: Saudi Arabia‘s Equity Markets
Rami Sayegh - Head of International Sales, NCB Capital, Saudi Arabia

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12:30 - 13:30

Lunch

13:30 - 14:30

Issuers Roundtable: Key Considerations for Corporate Issuers in Europe

Initiating the deal - what corporate treasurers need to know about issuing Islamically
The crucial role arrangers and legal counsel and clearing systems play in attracting potential issuers
Ensuring that issuers are made aware of the specific benefits and disadvantages of Shariah compliant issuances
Discussing recent European issuances – examining deal size and structuring trends
Specific challenges facing European issuers

Panelists:

Atif Hanif - Partner, Allen & Overy
Denis Noonan - Vice President, Business Strategy, Clearstream Banking
Matthew Sapte - Partner, Dentons
Mohammad Khan - Partner, PwC

14:30 - 15:15

Session Three: Islamic Asset, Infrastructure and Property Financing: Structures, Innovation and Regulations

Are Shariah compliant structures well suited to meet the needs of Europe‘s infrastructure projects: key considerations for issuers
Assessing the potential of emerging alternative asset classes in Europe
Addressing the growing demand for Shariah compliant corporate and trade finance products to plug the liquidity gap
Capitalising on the increasingly popular trend of syndicated financing of infrastructure projects
Outlook for Islamic asset finance in European markets and assessing the success of recent transactions

Panelists:

Ahmad Lutfi Abdull Mutalip - Head, Global Financial Services & Islamic Banking, Azmi & Associates, Malaysia
Asim Khan - Managing Director, Khalij Islamic
Jonathan Lawrence - Partner, K&L Gates
Ken Eglinton – Executive Director, Financial Services, Ernst & Young

15:15 - 15:45

Networking Break

15:45 - 16:30

Session Four: Real-Life Issues and Challenges facing Islamic Issuers in Europe

Factors hindering the growth of Sukuk issuance – domestic demand, lack of a lender of last resort – and steps to overcome them
Examining issues relating to fees, distribution, ratings, intermediaries, advisors and cost efficiency
Maturities, pricing and credit enhancement of Sukuk issues
Regulatory and tax issues relating to refinancing and restructuring of Sukuk deals
Impact of Basel III on European Islamic banks and issuers

Panelists:

Abradat Kamalpour – Partner, Ashurst LLP
Dr Adnan Aziz – Chief Executive Officer, Islamic Global Distribution Platform
Mansur Mannan - Executive Director, Dar Capital
Sheikh Bilal Khan - Shariah Scholar, Linklaters

16:30 - 16:45

Chairperson's Closing

Investors Day

08:00 - 09:15

Registration

09:15 - 09:30

Chairperson's Introduction
Mohammed Amin - Islamic Finance Consultant

09:30 - 10:30

Session One: Laying the Groundwork for Sustainable Growth of Islamic Investments in Europe

Europe‘s role in facilitating cross border Islamic investments as a key to sustainable growth
Assessing Europe‘s readiness to challenge mature Islamic investment destinations such as Malaysia and the Middle East
Capitalising on the continued demand for real estate and property assets from the Gulf: what more can market players and regulators do to attract Middle Eastern investors
Focusing on emerging markets in the CIS and North Africa for growth and new deals
Building on the growing demand for ethical and socially responsible investment funds to grow domestic market share

Panelists:

David Testa - Chief Executive Officer, Armila Capital
Jawad Ali - Deputy Head of Islamic Finance Practice & Managing Partner, King & Spalding, Middle East
Nigel Denison - Director, Head of Markets and Wealth Management, Bank of London and The Middle East
Safdar Alam - Chief Executive Officer, Siyam Capital

10:30 - 11:00

Growth, Future Potential and Investment Opportunities in the UK‘s Shariah Compliant Real Estate Market
Philip Churchill - Founder Partner, 90 North Real Estate Partners

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11:00 - 11:15

Future Outlook and Market Potential for Shariah Compliant Insurance Products for Europe‘s Islamic Real Estate and Property Sector
Richard Bishop - Chief Executive Officer, Cobalt Underwriting

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11:15 - 11:45

Networking Break

11:45 - 12:30

Session Two: Assessing Emerging Opportunities and Trends in Islamic Funds and Investments

Capitalizing on Europe‘s position as a gateway between Gulf investment flows and emerging markets in North Africa and the CIS
Outlook for Islamic treasury and risk management products in European markets
Discussing the significance of UCITS funds and its role in driving the growth of Islamic investments in Europe
What do the current relaxed credit conditions mean for potential Islamic investors
Growth of Islamic private equity funds and exchange traded funds
Impact of the AIFM Directive on Islamic investments and funds

Panelists:

Dennis Cox - Chief Executive Officer, Risk Reward
Fawad Hussain - Director, Islamic Solutions, Royal Bank of Scotland
Gillian Walmsley - Head of Fixed Income Products, London Stock Exchange
Michael Orzano - Associate Director, Global Equity Indices, S&P Dow Jones Indices

12:30 - 12:45

Presentation 3: Settling Commercial Disputes With the KLRCA i-Arbitration Rules
Professor Sundra Rajoo - Director, KLRCA

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12:45 - 13:45

Lunch

13:45 - 14:30

Country Roundtable: Future Outlook for Europe‘s Leading Islamic Investment Destinations

Key drivers behind Turkey‘s rapid development in the Islamic finance space
Assessing the key factors driving Luxembourg‘s success as a favored domicile for Middle East funds
Ireland‘s position in the Islamic funds space – competing with Luxembourg and the UK as an Islamic investment destination
Consolidating London‘s position as the key Islamic investment hub for Europe – future outlook of the UK real estate market, assessing the importance of a Sovereign Sukuk
Developments in Germany‘s Sukuk market and prospects for a full fledged Islamic financial institution
Prospects for Islamic finance in Russia and regulatory efforts to pursue Islamic investments

Panelists:

Bishr Shiblaq - Head, Dubai Representative Office, Arendt & Medernach and Member, Islamic Finance Task Force, Luxembourg for Finance
Dualta Counihan – Partner, Matheson, Ireland
Mohammad Farrukh Raza – Managing Director, IFAAS
Mike Rainey - Partner, Islamic Finance Practice, King & Spalding, London
Nusret Cetin - Senior Legal Counsel, Capital Markets Board of Turkey

14:30 - 14:45

Presentation 4: Outlook for Islamic Project Finance and Asset Finance Transactions in the GCC
Walid Sarieddine - Assistant General Manager and Head of Islamic Finance, Sumitomo Mitsui Banking Corporation Europe

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14:45 - 15:30

Session Four: Sustainable Development of Europe‘s Shariah Compliant Real Estate Investment Sector

What market players need to do to ensure a sustainable flow of capital to support real estate transactions
Discussing the rise of alternative real estate asset classes in London‘s burgeoning property sector
Outlook for Islamic real estate funds and mezzanine finance structures
Assessing the outlook for real estate investments in emerging European markets
Specific challenges facing European investors seeking Shariah compliant property funds and investment options
Steps being taken to create a level playing field when compared with conventional debt

Moderator:	Nazneen Halim - Editor, Islamic Finance news
Panelists:	Naomi Heaton - Chief Executive, London Central Portfolio Neill Gibson - Partner, Trowers & Hamlins Safdar Alam - Chief Executive Officer, Siyam Capital

15:30 - 16:15

Session Five: Developing Europe as an Islamic Investment Destination: Opportunities and Challenges

Role of central banks and regulators to further develop Europe‘s potential in Islamic finance
Addressing liquidity risk issues facing European banks with regard to Islamic investments
Assessing the role of the Takaful industry in the mobilization of funds: outlook in European markets
Addressing global regulatory changes (Basel III, Dodd Frank, AIFMD) and what it means for Islamic asset and fund managers in Europe
What the future holds for Europe‘s Islamic investment sector – growth prospects, new markets and product trends

Moderator:	Lawrence Oliver - Director, Deputy Chief Executive Officer, DDCap
Panelists:	Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Eldred Buck - Managing Director, Cogito Solutions Faisal Alshowaikh - Head of Islamic Financial Services, ABC International Bank Habib Motani - Partner, Clifford Chance