| 08:00 – 09:00 |
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Registration & Refreshment |
| 09:00 – 09:05 |
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Welcome |
09:05 – 09:15
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Opening Address
Prof. Turalay Kenc - Member of the Board, Central Bank of the Republic of Turkey |
| 09:15 – 09:30 |
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Introduction
Shamsun Anwar Hussain - Director Product Management, CIMB Islamic |
| 09:30 – 10:15 |
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Session One: Participation Finance Regulatory and Infrastructure Developments in Turkey |
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Discussing key industry developments and lessons learnt in both local and international participation finance markets in a post-crisis environment
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Discussing local and regional market developments, including taxation, regulatory, and ratings issues – addressing inadequate tax regimes |
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Addressing conflicting regional legislations |
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Where does regulation go from here? |
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Sukuk defaults and dispute resolutions |
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Providing a proper legal framework for liquidity management and investment instruments |
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Moderator:
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Ali Sanver - Senior Partner (Tax), Pekin & Pekin |
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Panelist: |
Meliksah Utku - Assistant General Manager, Al-Baraka Turk Participation Bank
Umurcan Gago - Partner, PricewaterhouseCoopers
Christopher Aylward - Managing Partner, Denton Wilde Sapte, Bahrain
Shamsun Anwar Hussain - Director Product Management, CIMB Islamic |
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| 10:15 – 11:00 |
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Session Two: Examining Market Trends, Challenges and Further Opportunities for Participation Finance Markets in Turkey |
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Recognizing participation finance trends in Turkey, and capitalizing from opportunities in the Middle East and Europe
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Characteristics peculiar to the Turkey market |
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Current growth of participation banking in Turkey |
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Encouraging cross-boundary collaborations for growth and standardization |
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Addressing imbalances between rapid growth and bank capability – are Turkey’s participation banks prepared for future growth of participation finance |
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Creating a level playing field and increasing access to money markets and Sukuk |
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Moderator:
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Noyan Turunc - Partner, Turunc |
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Panelist: |
Ahmet Pecen - Senior Vice President, Fortis
M. Fatih Bulac - Vice President and Head, International Financial Institutions, Turkiye Finans Participation Bank
Yavuz Yeter - Vice President Investment Banking, Kuveyt Turk |
| 11:00 – 11:30 |
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Coffee Break |
| 11:30 – 12:15 |
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Session Three: Participation Products: What Can and Can’t be Done? |
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Assessing the development of participation financial products in Turkey and the regional markets, including;
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Shariah compliant versus Shariah based |
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Where does opportunity lie for participation finance investment products in Turkey? |
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Developments and updates in existing products including; |
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Takaful, re-Takaful & Bancatakaful |
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Private equity |
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Structured products |
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Fund & wealth management |
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REITs |
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The potential for further innovation – promoting diversification of products |
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Standardization of products to increase cross-border acceptability |
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Moderator:
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Sohail Jaffer- Partner, FWU Group |
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Panelist: |
Sinan Akkaya - Inward Investment Consultant, UK Trade and Investment
Sezin Okkan - Senior Partner (Capital Markets), Pekin & Pekin
Alper Nalbant - Vice President Financial Institution, Aktifbank
Shahril Simon - Head Group Asset Management, CIMB Islamic
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12:15 – 12:30 |
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Luncheon Presentation
Shamsun Anwar Hussain - Director Product Management, CIMB Islamic |
12:30 – 14:30
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Lunch & Friday Prayers
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| 14:30 – 15:15 |
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Session Four: Issuing & Investing in the Participation Financial Markets |
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The development of participation issuance and investments in Turkey and EU, and its potential in a new business environment
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Identifying growth areas, market opportunities, potential investors and issuers |
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Discovering sophisticated participation financial instruments sparking interest in Europe and the Middle East |
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The market for participation retail products in Turkey and its’ regulatory constraints |
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Discovering and adapting to changes in the issuing and investing market place |
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Structuring and financing investment products to meet Turkey’s participation banking needs |
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Easing bureaucratic process impeding foreign investment |
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Moderator:
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Noyan Turunc - Partner, Turunc |
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Panelist: |
Arda Akarsu - Manager, Turk Ekonomi Bankasi
Bertan Yordem - Partner Corporate Finance, Daruma Corporate Finance
Sabri Ulus - Vice President Treasury, Turkiye Finans
Fuat Tuac - Counsel (Banking & Finance), Pekin & Pekin
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| 15:15 – 16:00 |
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Session Five: Round Table Discussion: Establishing and Accelerating Istanbul’s Growth as the Financial City of the Future by 2012 |
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Turkey’s credentials to become an international financial center |
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Turkey as an participation finance bridge for Europe and the Middle East |
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Secular views Vs. participation financing? |
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Creating a level playing field for participation finance vis-a-vis conventional financing |
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Identifying challenges and opportunities for local participation financial markets and banking to compete with conventional financial systems |
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Moderator:
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Sohail Jaffer - Partner, FWU Group |
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Panelist: |
Alper Nalbant - Vice President Financial Institution, Aktifbank
Arda Akarsu - Manager, Turk Ekonomi Bankasi
Christopher Aylward - Managing Partner, Denton Wilde Sapte, Bahrain
Ali Sanver - Senior Partner (Tax), Pekin & Pekin
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16:00 – 16:15
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Closing Keynote Speech
Huseyin Erkan - Chairman and Chief Executive Officer, Istanbul Stock Exchange |
| 16:15 – 17:00 |
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Refreshments and Networking |
Osman Akyüz, who obtained his degree from the faculty of political sciences at Ankara University, began his career as a certified public accountant at the finance ministry in 1978. He worked with the Sezai Türkes - Fevzi Akkaya Group from 1983 till 1985, after which he was appointed the manager of financial and administrative affairs at Albaraka Türk.
