REDmoney Events - IFN ROADSHOW SRI LANKA

SRI LANKA

Cinnamon Grand, Colombo

29^th August 2013

Confirmed Speakers

Dr A D Priyanka Baddevithana - Managing Director, Housing Development Financing Corporation, Maldives
Dr Aishath Muneeza - Head of Islamic Finance, Capital Market Development Authority, Maldives
Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka
Ammar Ahmed - Consultant, Dar Al Sharia
Ananda Silva - Senior Deputy Governor, Central Bank of Sri Lanka
Ariff Sultan - Regional Director (Asia), IdealRatings
Faizal Salieh - Managing Director & Chief Executive Officer, Amana Bank
Fazal Ghaffoor - Chief Executive Officer, Amana Takaful
Fazly Marikar - Head of New Product Development and Gold Unit, Amana Bank
Harith Harun - Chief Executive Officer, Maldives Islamic Bank
Hisham Ally - Head of Islamic Banking, HNB
Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital
Imran Nafeer - Head of Microfinance, Muslim Aid
Imran Zahir - Head of Islamic Banking, NDB Bank
Ishrat Rauff - Managing Director & Chief Executive Officer, Adl Capital
Krishan Thilakaratne - Chief Executive Officer, Islamic Business Unit, Lanka Orix Finance
M Afzar Alam Nomani - Country General Manager, MCB Bank
M K S Mohamed Bishry - Chief Manager - Islamic Banking, Bank of Ceylon
Manil Jayesinghe - Partner, EY, Sri Lanka
Mohamed Azmeer - Chief Operating Officer, Amana Bank
Muhammad Azad Zaheed - Associate Director, Adl Capital
Muhammad Shoaib Ibrahim - Managing Director & Chief Executive Officer, First Habib Modaraba, Pakistan
Pathmanathan Asokan - Chief Executive Officer, Comtrust Asset Management
Reyaz Jeffrey - Chief Executive Officer, Amana Takaful Life
Reyaz Mihular - Managing Partner, KPMG Sri Lanka
Siddeeque Akbar - Vice President - Consumer Banking and Strategic Marketing, Amana Bank
Suresh R I Perera - Principal - Tax & Regulatory, KPMG
Tyrone Hannan - Head - Global Transaction Banking, Deutsche Bank
U L Muthugala - Additional Superintendent of Public Debt, Central Bank of Sri Lanka

Agenda

08:00 - 09:00

Registration

09:00 - 09:15

Welcome Address
Faizal Salieh - Managing Director & Chief Executive Officer, Amana Bank

09:15 - 09:30

Keynote Address: Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka

09:30 - 10:30

Session One: Islamic Finance in Sri Lanka: Laying the Groundwork for Long Term Growth

Sri Lanka's evolving political landscape and its impact on the development of Islamic finance
Prospects for sovereign and quasi-sovereign Sukuk issuance and its role in advancing Sri Lanka's Islamic finance industry
Role of regulators and market players in attracting foreign investors from Asia and the Gulf
Accessing liquidity for the development and growth of the domestic Islamic financial institutions: The need for capital
Ensuring a collaborative strategy to encourage the success of both Islamic windows and fully fledged Islamic banks
Assessing the impact of new domestic and foreign entrants in Sri Lanka's Islamic finance space: How large a market can this be?

Moderator:	Reyaz Mihular - Managing Partner, KPMG Sri Lanka
Panelists:	Ananda Silva - Senior Deputy Governor, Central Bank of Sri Lanka Faizal Salieh - Managing Director & Chief Executive Officer, Amana Bank Krishan Thilakaratne - Chief Executive Officer, Islamic Business Unit, Lanka Orix Finance M Afzar Alam Nomani - Country General Manager, MCB Bank

10:30 - 11:00

Break & Networking

11:00 - 11:45

Session Two: Advancing Sri Lanka's Solid Growth in Islamic Finance: A View from Established Markets in Asia and the Middle East

How foreign market players and potential investors view Sri Lanka as an Islamic investment destination
Outlook for sovereign and corporate Sukuk issuances - what foreign investors are looking for
Analysing its progress thus far and steps needed to advance its development
What sectors should market players and regulators focus on - food & agriculture, SMEs, PPPs
The vital need to invest in marketing the Islamic finance concept and educating the market: lessons learnt from Malaysia and the Gulf
Shariah considerations: Addressing the crucial issues of developing Shariah scholars and setting up Shariah boards

Moderator:	Suresh R I Perera - Principal - Tax & Regulatory, KPMG
Panelists:	Dr A D Priyanka Baddevithana - Managing Director, Housing Development Financing Corporation, Maldives Ariff Sultan - Regional Director (Asia), IdealRatings Harith Harun - Chief Executive Officer, Maldives Islamic Bank Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital

11:45 - 12:00

Presentation: Developing an Enabling Tax Framework to Drive the Growth of Islamic Finance in Sri Lanka
Suresh R I Perera - Principal - Tax & Regulatory, KPMG

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12:00 - 12:15

Presentation: Initiatives and Developments in Takaful, Re-Takaful and BancaTakaful
Reyaz Jeffrey - Chief Executive Officer, Amana Takaful Life

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12:15 - 13:30

Lunch

13:30 - 14:15

Session Three: Assessing the Potential for Shariah Compliant Retail, Microfinance and Leasing Products

Addressing the vital need to narrow the spread between borrowing and lending rates
Developing Islamic leasing products suited to Sri Lanka's massive demand in the transport, trade and services sectors
Challenges faced by Islamic retail banks: Stiff competition, Shariah concerns and the crucial need for innovative product structures
Islamic microfinance: Outlook and future prospects for Sri Lanka
Tapping existing opportunities in Sri Lanka's Halal industry: How can Islamic banks and Islamic windows benefit from this growing market
Recognizing the need for structured programs to develop qualified talent in the Islamic finance sector

Moderator:	Muhammad Azad Zaheed - Associate Director, Adl Capital
Panelists:	Dr Aishath Muneeza - Head of Islamic Finance, Capital Market Development Authority, Maldives Imran Nafeer - Head of Microfinance, Muslim Aid Imran Zahir - Head of Islamic Banking, NDB Bank M K S Mohamed Bishry - Chief Manager - Islamic Banking, Bank of Ceylon Siddeeque Akbar - Vice President - Consumer Banking and Strategic Marketing, Amana Bank

14:15 - 14:30

Presentation: Driving Growth in Sri Lanka's Islamic Funds Sector
Pathmanathan Asokan - Chief Executive Officer, Comtrust Asset Management

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14:30 - 15:15

Session Four: Utilizing Islamic Finance as a Catalyst for Sri Lanka's Infrastructure, Funds and SME Sectors

Attracting foreign investments for infrastructure projects: Prospects for public private partnerships and cross border financing from Asia and the Gulf
Are Shariah compliant structures well suited to meet the needs of Sri Lanka's infrastructure development projects?
Outlook for Islamic unit trusts and private equity funds
Addressing the need to develop new investment products catering to domestic and foreign investors in the retail and institutional space
Developing innovative structures to serve Sri Lanka's rapidly developing SME market
Exploring the viability of establishing an Islamic real estate business in Sri Lanka through a Mudarabah fund model

Moderator:	Ishrat Rauff - Managing Director & Chief Executive Officer, Adl Capital
Panelists:	Ammar Ahmed - Consultant, Dar Al Sharia Fazly Marikar - Head of New Product Development and Gold Unit, Amana Bank Muhammad Shoaib Ibrahim - Managing Director & Chief Executive Officer, First Habib Modaraba, Pakistan Tyrone Hannan - Head - Global Transaction Banking, Deutsche Bank

15:15 - 16:00

Session Five: Crucial Steps to Develop Sri Lanka's Steady Growth in the Islamic Finance Industry

Managing the issue of surplus liquidity in Islamic banks and action required by regulators
Entrance of new market players and Takaful operators: Future growth prospects and challenges
The crucial need to create a symbiotic relationship between Takaful providers and Islamic banks and windows to further develop the industry
Finding solutions to the current tax restrictions in the repatriation of funds in order to grow foreign direct investments
Impact of the credit ceiling on the growth and development of Islamic banks

Moderator:	Manil Jayesinghe - Partner, EY, Sri Lanka
Panelists:	Fazal Ghaffoor - Chief Executive Officer, Amana Takaful Hisham Ally - Head of Islamic Banking, HNB Mohamed Azmeer - Chief Operating Officer, Amana Bank U L Muthugala - Additional Superintendent of Public Debt, Central Bank of Sri Lanka