REDmoney Events - IFN ROADSHOW PAKISTAN

PAKISTAN

State Bank of Pakistan
Auditorium, Learning Resource Centre, Karachi

27^th August 2013

Confirmed Speakers

Dr Adnan Aziz - Chief Executive Officer, Islamic Global Distribution Platform (Islamic GDP) and Managing Director IRM Ltd. UK
Ahmed Ali Siddiqui - Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
Dr Amjad Saqib - Founder & Executive Director, Akhuwat Foundation
Ashraf Khan - Executive Director, State Bank of Pakistan
Azeem I Pirani - Regional Head - Pakistan, FWU AG
Azhar Aslam - Head of Islamic Banking, Standard Chartered Bank Pakistan
Daniyal Mufti - Senior Counsel, Dar Al Sharia
Haroon Askari - Deputy Managing Director, Karachi Stock Exchange
Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan
Irfan Siddiqui - President & Chief Executive Officer, Meezan Bank
Irshad Ahmad Aijaz - Shariah Adviser & Member, Shariah Supervisory Board, BankIslami Pakistan
Ishaq Shah - Partner, Ahmed & Qazi
Jawed Hussain - Registrar Modaraba, Securities & Exchange Commission of Pakistan
Kanwar Shahzad - Head of Treasury, Burj Bank
M A Mannan - Executive Director, Silkbank
Mahmood Shaqat - Additional Director - Infrastructure Housing & SME Finance Dept, State Bank of Pakistan
Muhammad Imran - Head of Retail & Consumer Banking, Bank Islami Pakistan
Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group, MCB Bank
Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank
Omar Mustafa Ansari - Partner, Assurance & Islamic Financial Services, EY
Salman Ahmed - Partner and Head of Islamic Finance, Trowers & Hamlins MENA
Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
Syed Amir Ali - Head, Investment Banking, Meezan Bank Limited
Syed Najmul Hussain - Partner, KPMG Taseer Hadi & Co.
Wasim Akhtar Saifi - Global Head of Islamic Banking, Consumer Banking & Chief Executive Officer, Standard Chartered Saadiq, Malaysia
Tanweer Bukhari - Head of Investment Banking & Advisory, CIMB Middle East
Yaseen Anwar - Governor, State Bank of Pakistan
Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
Zubair Haider Shaikh - Senior Executive Vice President & Group Chief, Islamic Banking Group, National Bank of Pakistan
Zulfikar Khokhar - Additional Director, State Bank of Pakistan

Agenda

08:00 - 09:00

Registration

09:15 - 09:30

Welcome Address

09:30 - 10:00

Keynote Address
Yaseen Anwar - Governor, State Bank of Pakistan

10:00 - 11:00

Session One: Advancing Pakistan's Sustainable Growth and Development in the Islamic Finance Market

Pakistan's evolving political landscape and its impact on the development of Islamic finance
Developing Pakistan's key advantages in the Islamic finance space: high growth rate of local IFIs, strong regulatory support, potential growth in agricultural and mineral assets
Industry initiative for promotion of Islamic finance
The crucial role of multilateral agencies in enhancing private sector participation and building investor confidence in Pakistan
Attracting investment flows from key trading partners: How can Pakistan distinguish itself from its competitors

Moderator:	Zulfikar Khokhar - Additional Director, State Bank of Pakistan
Panelists:	Ashraf Khan - Executive Director, State Bank of Pakistan Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan Irfan Siddiqui - President & Chief Executive Officer, Meezan Bank M A Mannan - Executive Director, Silkbank Syed Najmul Hussain - Partner, KPMG Taseer Hadi & Co.

11:00 - 11:20

Tea Break & Networking

11:20 - 12:05

Session Two: Assessing the Growth Potential for Shariah Compliant Retail and Commercial Banking Products

Financial inclusion: Overcoming the issue of lack of awareness of Islamic retail banking amongst Pakistan's unbanked population
Tapping the latent demand for Shariah compliant retail offerings: discussing suitable structures and Shariah considerations for SME, housing and Agriculture sector.
Identifying current trends and innovations in product structures globally and application in the Pakistani context
Maintaining a competitive advantage through the development of targeted Shariah compliant retail offerings
Challenges faced by Islamic retail banks - stiff competition, Shariah concerns and the crucial need for innovative product structures

Moderator:

Muhammad Imran - Head of Retail & Consumer Banking, Bank Islami Pakistan

Panelists:

Ahmed Ali Siddiqui - Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
Wasim Akhtar Saifi - Global Head of Islamic Banking, Consumer Banking & Chief Executive Officer, Standard Chartered Saadiq, Malaysia
Zubair Haider Shaikh - Senior Executive Vice President & Group Chief, Islamic Banking Group, National Bank of Pakistan

12:50 - 12:50

Session Three: Legal and Taxation Issues in the Current Islamic Banking Regime

Amendments required in legal framework of existing banking laws
Issues with current documentation and legal implications
Dual taxation issues and its impact on pricing and reputation of Islamic banking
What is the industry-wide strategy to address these issues?
Is there a need to formally create a forum to interact with the Central Board of Revenue on issues specific to Islamic finance

Moderator:	Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
Panelists:	Daniyal Mufti - Senior Counsel, Dar Al Sharia Ishaq Shah - Partner, Ahmed & Qazi Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group, MCB Bank Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank Omar Mustafa Ansari - Partner, Assurance & Islamic Financial Services, EY

12:50 - 14:00

Lunch

14:00 - 14:40

Session Four: Discussion on Recent Regulatory Development and Growth of Islamic Capital Market in Pakistan

Establishment of Shariah board at SECP and its role: A milestone towards promoting accelerated growth in Islamic capital market
Discussing recent regulatory guidelines by SECP affecting Islamic financial Institutions
Rules of Sukuk and its impact on corporate sector participation
What SECP's new Takaful rules will mean for existing Takaful operators and the market in general
Shariah compliant mutual fund industry
Revival of Moderabas: what to do to make it a success story for the world
What further regulatory guidelines are in the pipeline to advance the development of Pakistan's capital market

Moderator:

Azeem I Pirani - Regional Head - Pakistan, FWU AG

Panelists:

Dr Adnan Aziz - Chief Executive Officer, Islamic Global Distribution Platform (Islamic GDP) and Managing Director IRM Ltd. UK
Haroon Askari - Deputy Managing Director, Karachi Stock Exchange
Jawed Hussain - Registrar Modaraba, Securities & Exchange Commission of Pakistan
Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
Salman Ahmed - Partner and Head of Islamic Finance, Trowers & Hamlins MENA

14:40 - 15:20

Session Five: Development in Project Financing through Sukuk

Balancing the need for innovative product structures with effective governance of regulatory and Shariah risks
Addressing the underperformance of corporate Sukuk deals in Pakistan - does the success of sovereign Sukuk come at the expense of corporate issuances?
Factors hindering the growth of corporate Sukuk issuance - domestic demand, tax treatment, lack of secondary market activity - and steps to overcome them
Are Shariah compliant structures well suited to meet the needs of Pakistan's infrastructure development projects?
Addressing the disconnect between the need for project and infrastructure funding and the availability of Shariah compliant funding instruments
Examining issues relating to fees, distribution, intermediaries, advisors and cost efficiency

Moderator:

Syed Amir Ali - Head, Investment Banking, Meezan Bank Limited

Panelists:

Azhar Aslam - Head of Islamic Banking, Standard Chartered Bank Pakistan
Irshad Ahmad Aijaz - Shariah Adviser & Member, Shariah Supervisory Board, BankIslami Pakistan
Kanwar Shahzad - Head of Treasury, Burj Bank
Mahmood Shaqat - Additional Director - Infrastructure Housing & SME Finance Dept, State Bank of Pakistan
Tanweer Bukhari - Head of Investment Banking & Advisory, CIMB Middle East

15:20 - 15:40

Presentation: Outlook and Future Prospects for Islamic Microfinance In Pakistan
Dr Amjad Saqib - Founder & Executive Director, Akhuwat Foundation

Download presentation

15:40 - 16:00

Closing Address

SUPPORTED BY

State Bank
of Pakistan