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Internationalisation of Islamic Finance: Bridging Economies18th - 20th September 2012
Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur
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The third Global Islamic Finance Forum (GIFF) 2012, themed “Internationalisation of Islamic Finance: Bridging Economies” will be held in Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur from 18th to 20th September 2012.
This hallmark event aims to provide an avenue for stimulating intellectual discourses and realisation of business opportunities.
GIFF 2012 will feature financial industry practitioners, regulators, Shariah scholars and business communities from around the globe to discuss the prospects for Islamic finance industry in bridging economies and strengthening connectivity.
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Day 1Tuesday, 18th September 2012• ExecutiveMasterClass• GlobalIslamicLiquidity
ManagementConference• IslamicMicrofinanceand
FinancialInclusionForum• InternationalShariah
ScholarsForum• BusinessNetworking
ReceptionbyInvitedCountries(by invitation)
Day 2Wednesday, 19th September 2012• PublicLecture1• BridgingEconomiesForum• GlobalIslamicFinance TaxationForum• IndustrySpecificDialogue• InternationalShariah
ScholarsForum• RoyalGalaDinnerandPresentation
ofRoyalAwardforIslamicFinance(by invitation)
Day 3 Thursday, 20th September 2012• PublicLecture2• RegulatorsForum• InternationalIslamicCapital
MarketForum• SMEsWorkshop:Leveragingon
IslamicFinancingOpportunities• TheTakafulRendezvous
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DAY 1ExEcutivE MAstEr clAss: BAnking BusinEss MoDEl AnD risk MAnAgEMEnt in islAMic FinAncE
gloBAl islAMic liquiDitY MAnAgEMEnt conFErEncE
islAMic MicroFinAncE AnD FinAnciAl inclusion ForuM
intErnAtionAl shAriAh scholArs ForuM
07:30 Registration (all programmes)
09:00 Welcoming/Keynote Address: Banking Risk Appetite & Financial Stability session 1: Various Possible Business Models in Islamic Banking
• Welcoming remarks by President of Association of Islamic Banking Institutions Malaysia (AIBIM)
• Opening addresssession 1: Major Lessons for Islamic Banks
Keynote Address: Role of Regulation and Supervision – Setting an Enabling Environment for Islamic Microfinance
• Recitation of Holy Quran • Welcoming Remarks by Islamic
Research and Training Institute (IRTI) • Welcoming Remarks by International
Shariah Research Academy for Islamic Finance (ISRA)
09:30 session 1: Major Challenges of Shariah Board Members10:00
10:30 Networking & Refreshments
10:45session 2: Regulatory Requirements in Respect to the Business Models - Issues & Challenges
session 2: Developing The Ecosystem to Enhance Cross-Border Islamic Financial Market Activities - International Islamic Liquidity Management Corporation (IILM) Sukuk Programme
session 1: Successful Islamic Microfinance Model - Insights into Latest Market Development
session 2: Characteristics of Shariah Board Members
11:00
11:30
12:00 session 3: Fee-based Islamic Banking Models - Issues & Challenges12:30
13:00 Lunch
14:30Keynote Address: Key Issues in Risk-based Supervision for Various Banking Models in Islamic Finance
session 3: Enhancing Cross-Border Liquidity Management
session 2: Successful Microtakaful Schemes and Operational
session 3: Shariah Board Members and Shariah Governance Framework15:00
15:30
15:45 Networking & Refreshments
16:00 session 4: Integrated Risk Management in Islamic Banking
session 4: Addressing Leakages out of Islamic Financial System and Summarise Resolution
session 3: Examining Government Initiatives and Drivers for Increasing Financial Inclusion
16:30
16:45session 5: Resilience of Islamic Banks in Facing Financial Crisis - Cross-Border Experience
17:00 Closing: Human Capital Development for Islamic Financial Services Industry
17:30 End of session
18:00Business Networking Reception by Invited Countries (by invitation)
19:00
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DAY 2BriDging EconoMiEs ForuM gloBAl islAMic FinAncE
tAxAtion ForuMinDustrY spEciFic DiAloguE intErnAtionAl shAriAh
scholArs ForuM
07:30 Registration (all programmes)
09:30plEnArY sEssion
Opening Address by Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia
puBlic lEcturE 1“Islamic Finance Transforming as a New Frontier in the Age of Global Economic Change”
11:15 Networking & Refreshments
11:30
session 1: Introductory Session & GIFF Report
session 1: Common Cross-Border Taxation Issues in Islamic Finance
“Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values”
session 1: An Overview of the Malaysian Shariah Governance Framework
12:00
12:30
13:00 Lunch
14:00 session 2: Enlarging the Islamic Finance Pie in AsiaCase Study A: Khazanah RMB SukukCase Study B: Nomura Holdings Incorporated’s Commodity Murabaha Facility
session 2: Building Blocks for Active Cross-Border Flows
“Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values”
14:30 session 2: Assessment of the Ground Reality and Industry Perception of the Shariah Board15:00
15:15 Networking & Refreshments
15:30 session 3: The Future of Islamic Finance in EuropeCase Study C: Cross-Border Distribution of Islamic Funds through UCITS PlatformCase Study D: Debut Murabahah Syndication in Russia
session 3: Case Study on Cross-Border Tax Treatment for Islamic Finance Transactions in the MENA Countries
“Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values”
session 3: Future Prospects for Shariah Board Members
15:45
16:00
16:30 session 4: The Rising of North Africa and the Continued Momentum in Middle Eastcase Study E: A Unique Sukuk Al-Ijarah Restructuring – The Nakheel ExampleCase Study F: Financing for Gambia Groundnuts - First Islamic Structured Export Financing Deal in Gambia
session 4: What’s Next for International Tax Policy17:00 Resolution & Closing Remarks
17:30 End of session
20:00Royal Gala Dinner and Presentation of Royal Award for Islamic Finance (by invitation)
22:00
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DAY 3rEgulAtors ForuM thE tAkAFul rEnDEzvous intErnAtionAl islAMic cApitAl
MArkEt ForuMsMEs Workshop: lEvErAging on islAMic FinAncing opportunitiEs
07:30 Registration (all programmes)
09:00 plEnArY sEssionRoyal Address by His Royal Highness Raja Dr. Nazrin Shah, MIFC Financial Ambassador
puBlic lEcturE 2“Enhancing the Islamic Financial System in a Decade of Increasing Internationalisation”
09:30
10:00
10:30 Networking & Refreshments
10:45
Keynote Session: Navigating Islamic Finance in an Era of Increasing Internationalisation
cEos’ session: Meeting the Expectations
session 1: The Regulatory Framework
11:00 session 2: A Greater Role for Islamic Finance in the Global Economy11:30
session 1: Islamic Project Financing - Benefits and Challenges for SMEs
11:45
session 1: Enhancing Regulatory and Supervisory Synergy to Increase Cross-Border Transactions in Islamic Finance
session 1: Wealth Management session 2: Medical and Health Takaful
session 3: Sukuk as a Viable Fund Raising Option12:00
12:15session 4: Islamic Fund Management
12:30
13:00 Lunch
14:30session 2: Legal and Shariah Governance – Catalyst for Greater Global Connectivity in Islamic Finance
session 3: Integrating Cross-Border Takaful Business session 5: Islamic Fund Management
session 2: Working Capital and Trade Financing - Practical Case Study for SME Financing15:00
15:30
15:45 Networking & Refreshments
16:00 session 3: Impact of Basel III on Regulatory Standards and Effect on Cross-Border Activities
session 4: Retirement Plansession 5: Becoming Large and Specialised Risks (LSR) Takaful Operator
session 6: Product Development in Islamic Finance
session 3: Growth Trajectory for SME - Preparing for Listing and Cross Boundaries
16:30session 6: Managing and Prioritising Critical Business Risks and Solvency Challenges
16:45 session 4: Takaful - Venturing Beyond Boundaries17:00
17:30 End of session
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09:00 Welcoming/Keynote Address: Banking Risk Appetite & Financial Stability Session 1: Various Possible Business Models in Islamic Banking
• BusinessandfinancialriskinIslamicbankingmodels• Balancingprofitandsocialneeds
10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
10:45 Session 2: Regulatory Requirements in Respect to the Business Models - Issues & Challenges• Capitalregulatoryrequirementsforassetbasedfinancing• RoleoftheIslamicFinancialServicesBoard(IFSB)inshapingthe
behaviourofIslamicbanks
12:00 Session 3: Fee-based Islamic Banking Models - Issues & Challenges• Capitalrequirementsforassetbasedfinancing• PrivateBanking-PrivateEquityandIslamicFundManagement
13:00 Lunch(Venue:SasanaCafe&KMCAtrium)
14:30 Keynote Address: Key Issues in Risk-based Supervision for Various Banking Models in Islamic Finance
15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
ExECutIVE MAStER ClASS: BAnKIng BuSInESS MoDEl AnD RISK MAnAgEMEnt In ISlAMIC FInAnCEVenue: Training Room 2.1 – 2.2
DAY 1 Tuesday, 18th September 2012
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16:00 Session 4: Integrated Risk Management in Islamic Banking• Whydobanksfail?• RiskmanagementprocessinIslamicbanks• MandateofChiefRiskOfficertowardsmoreintegratedrisk
management
16:45 Session 5: Resilience of Islamic Banks in Facing Financial Crisis - Cross-Border Experience• ResilienceofIslamicbanksinfacingfinancialturmoil• UniquecharacteristicsofIslamicbanksthatcontributetowards
itsresilience• Supportfrommonetaryauthoritiesandregulatorsin
strengtheningIslamicbanks
17:00 Closing: Human Capital Development for Islamic Financial Services Industry
17:30 Endofsession
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09:00 Welcoming remark by President of Association of Islamic Banking Institutions Malaysia (AIBIM)
opening address
Session 1: Major lessons for Islamic Banks• PotentialrepercussionstoIslamicfinancebasedontherecent
developmentthatwouldimpactoperationsofIslamicfinancialinstitutions
• Whatarethemajorlessonsfromthelatestdevelopment?Howarethedevelopmentstiedtointerbankliquiditymanagement?WhataretheotherpotentialsourceswithintheIslamicbankingindustry?
10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
10:45 Session 2: Developing the Ecosystem to Enhance Cross-Border Islamic Financial Market Activities - International Islamic liquidity Management Corporation (IIlM) Sukuk Programme• AnoverviewofIILManditsSukukprogramme-roleofIILMand
relatedinitiativestosupporttheSukukprogramme,includingprimarydealerframework,regulatorytreatmentandsecondarytrading
13:00 Lunch(Venue:SasanaCafé&KMCAtrium)
gloBAl ISlAMIC lIquIDItY MAnAgEMEnt ConFEREnCE
Liquidity Management: Strengthening Building Blocks for Internationalisation of Islamic Finance
Venue: Auditorium
DAY 1 Tuesday, 18th September 2012
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HighlightsprevailingrulesandlatestdevelopmentsthatimpacttheoperationsofIslamicfinancialinstitutionsinundertakingcross-bordertransactionsforthepurposesofIslamicliquiditymanagement.ParticipantscanalsosharesuccessfactorsandexchangeideasonthelatestdevelopmentsthatarebeyondtheboundariesoftheIslamicfinancialindustry.
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14:30 Session 3: Enhancing Cross-Border liquidity Management• Needforcross-borderliquiditymanagementasapre-requisite
forastableandsustainableIslamicfinancialsystem.Whatarethebuildingblocksrequiredtoestablishcross-borderinterbanklinkagesthatareeffectiveforliquiditymanagement?
• Successstoriesinestablishingcross-borderlinkagesinthe conventionalsector• Howimportantaretherolesofstandardisationofmarket
practices,centralisedplatformofexchangesandglobalintermediaries?
• Areauthoritiestheonlychannelforestablishingcross-borderlinkages?WhytheIslamicindustryneedstobeattheforefronttopursuethis,andnotnecessarilytheauthorities?
15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
16:00 Session 4: Addressing leakages out of Islamic Financial System and Summarise Resolution• LeakagesoffundsfromtheIslamicfinancialsysteminto
theconventionalsystem–Shouldleakagesbeallowedorprohibited?
• Acceptedkeypointsdiscussedandthesummarisedresolutions• Keytake-awaysfortheIslamicbankingindustry
17:30 Endofconference
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09:00 Keynote Address: Role of Regulation and Supervision – Setting an Enabling Environment for Islamic Microfinance
10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
10:45 Session 1: Successful Islamic Microfinance Model - Insights into latest Market Development• Processandsuccessfactorsofpublic-privatecollaboration• Waqf&zakatmodelthroughmicrofinancingforpovertyalleviation• Povertyalleviationµfinancing:Charityvs.Commercialisation–
Shariahsolutions?
13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)
14:30 Session 2: Successful Microtakaful Schemes and operational• Devisingcost-effectiveandrapiddistributionmodelstoimprove
marketaccess• Successfulpilotcatastrophesmicrotakafulriskmodellingprojects• Personalaccidentandcashlesshealthmicroinsurancescheme
15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
16:00 Session 3: Examining government Initiatives and Drivers for Increasing Financial Inclusion• Latestdevelopmentinpoliciesandinitiativessupportingfinancial
inclusion• Trendsincross-borderfundingbetweenOICcountries• Opportunitiesandchallengesinmovingforward
17:30 Endofforum
ISlAMIC MICRoFInAnCE AnD FInAnCIAl InCluSIon FoRuMVenue: Theatrette
DAY 1 Tuesday, 18th September 2012DAY 1 Tuesday, 18th September 2012
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DAY 1 Tuesday, 18th September 2012DAY 1 Tuesday, 18th September 2012
09:00 RecitationofHolyQuran
09:10 Welcoming Remarks by Islamic Research and training Institute (IRtI)
09:20 Welcoming Remarks by International Shariah Research Academy for Islamic Finance (ISRA)
09:30 Session 1: Major Challenges of Shariah Board Members
10:30 Networking&Refreshments Venue:ForumFoyer
10:45 Session 2: Characteristics of Shariah Board Members • ScarcityofShariahscholarswithfinancialknowledge• Bestapproachindevelopingtherequiredhumancapital• ShouldShariahBoardmembersbefull–time
13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)
14:30 Session 3: Shariah Board Members and Shariah governance Framework • ImpactoflimitingthenumberofShariahBoardrepresentation• Scopeofaccountability,levelofindependenceandmanagingconflict
ofinterest• ShouldShariahauditbecarriedoutinternallyoroutsourced
15:45 Networking&Refreshments/Endsession Venue:ForumFoyer
IntERnAtIonAl SHARIAH SCHolARS FoRuM
The Role of Shariah Board in Light of Shariah Governance Framework
Venue: Forum
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9:30 opening Address Dr. Zeti Akhtar Aziz
GovernorBankNegaraMalaysia10:00 Islamic Finance transforming as a new Frontier in the Age
of global Economic Change• Understandingthechanginglandscapeintoday’sglobal
economicandfinancialarchitecture• Strengtheninginternationalmonetaryandfinancialsystem
throughalternativeinvestmentandfinancialgovernance• BuildingIslamicfinancialandentrepreneurialecosystems
globallywithnewtechnologicalandstrategicdirectionstowardsfinancialinclusionandstability
• Empoweringcross-borderconnectivityandopportunitiesforemergingeconomiesthroughIslamicfinance
11:15 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
PlEnARY SESSIonVenue: Auditorium
Public lecture 1
DAY 2 Wednesday, 19th September 2012
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11:30 Session 1: Introductory Session & gIFF Report• OverallIslamicfinancialmarkethighlightsandkeyprospectsforthenext5years• CurrentstateofinternationalisationofIslamicfinanceandkeychallenges• JurisdictionsthatcouldmakeimpactfulcontributiontowardsglobalisingIslamic
finance• Prospectsofinterregionallinkagesandcross-borderinvestmentsinIslamic
finance
13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)
14:00 Session 2: Enlarging the Islamic Finance Pie in Asia• SustainabilityofIslamicfinancerapidexpansioninSouthEastAsia• EastAsiajoiningthebandwagon:Whatistheprospect?• IslamicfinancerolesinmeetinginfrastructuredevelopmentneedsforAsia• DemandofIslamicfinanceinCentralAsia• Asiaandinternationalwealthmanagementprospects
Case Study A: Khazanah RMB Sukuk• HighlightstheinauguralRenminbi(RMB)denominatedsukukissuedinMalaysia,a
majorstepinthedevelopmentofoffshoreRMBmarket Case Study B: nomura Holdings Incorporated’s Commodity Murabaha Facility
• IllustratesthefirstIslamicfundingexercisebyaJapanesecorporatewiththeaimtostrenghthenthefinancialtiesbetweentheFarEastandMiddleEast
15:15 Networking&Refreshments(Venue:ConferenceHall1&Pre-functionArea)
15:30 Session 3: the Future of Islamic Finance in Europe• Europe’spotentialastheIslamicfundandwealthmanagementcentre• AppetiteforIslamicInitialPublicOfferings(IPOs)inthemidstofEuropedebt-crisis• RolesofEuropeanplayersascatalystforcross-borderdeals• AppetiteandpotentialofTakafulandretakafulmarketinEU• TheregulatoryandtaxationenvironmentinmajorEuropeancentresforRealEstate
InvestmentTrusts(REITs)andotherIslamicequitylinkedproducts
BRIDgIng EConoMIES FoRuMVenue: Auditorium
DAY 2 Wednesday, 19th September 2012
ShowcasestheIslamicfinanceprospectsandopportunitiesinAsia,EuropeandMENAregion,respectively.ParticipantscangaininsightsonthepotentialIslamicfinance-relatedbusinessandinvestmentopportunitiesintheregions,amanifestofthecontinuouslygrowinginterestforIslamicfinanceacrosstheworld.
Participantswillbenefitfromtheforumdiscussionsandcasestudiesofcross-borderIslamicfinancialtransactions.
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Ms. Baljeet KaurViceChairman,KFHResearch
Mr. Rushdi SiddiquiGlobalDirector,IslamicFinanceThomsonReutersUS
Dr. Humayon DarDirector&CEOofBMBIslamicAdvisoryLtd
Mr. Jaseem AhmedSecretary-General,IslamicFinancialServicesBoard
Mr. tobias FrenzChiefExecutiveOfficer, MunichReRetakaful
Mr. Kazuhiko taharaDirector,DaiwaSecuritiesCapitalMarket
Mr. Rafe HaneefChiefExecutiveOfficer,HSBCAmanah
Mr. Prasad AbrahamChiefExecutiveOfficer,AlHilalBank,Kazakhstan
Mr. Mohd Izani ghaniChiefFinancialOfficer, KhazanahNasionalBerhad
Ms. nor Rejina RahimManagingDirectorofNomuraAssetManagementMalaysia
Mr. Roustam VakhitovVicePresident,HeadofTaxand FinancialConsultingdepartmentofUFSInvestmentCorp
Case Study C: Cross-Border Distribution of Islamic Funds through uCItS Platform• IllustratestheuseofUCITSplatformtofacilitatecross-border
distributionofIslamicfunds
Case Study D: Debut Murabahah Syndication in Russia• HighlightsrealopportunitiesfordiversificationofShariah-based
fundsourcingandopportunitiesofalternativefundingsourcesintheRussianmarketandacrosstheCommonwealthofIndependentStates
16:30 Session 4: the Rising of north Africa and the Continued Momentum in Middle East• EmergingandgrowingmarketsinNorthAfrica:RolesofIslamic
finance• TheriseofEgypt,Oman,Tunisia,JordaninIslamicfinance• HowbigisretakafulmarketinMENAandkeypotential
businesslines• MomentumofprojectfinanceintheMiddleEast
Case Study E: A unique Sukuk Al-Ijarah Restructuring – the nakheel Example• IllustratesaninnovativeusageofSukukinrestructuringof
liabilities,aimedtosettleoutstandingclaimsoftradecreditors Case Study F: Financing for gambia groundnuts - First
Islamic Structured Export Financing Deal in gambia• IllustratestheusageofIslamictradefinancestructureto
providefinancingtothefarmersinAfricaduringthegroundnutstradingseason
17:30 Endofforum
Mr. Paul WoutersLawyer,AntwerpBarAssociation(Belgium)Counsel,BenerLawOffice(Turkey)
Mr. Alberto giuseppe Brugnoni Chairman,BoardofASSAIF
Datuk noripah KamsoCEO,CIMBPrincipalIslamicAssetManagement
Mr. Robert MinnegalievChiefExecutiveOfficer,AKBARSBank,Russia
Mr. Ashar nazimDirector,IslamicFinancialServicesMENA,Ernst&Young
Mr. Amman MuhammadManagingDirector,AbsaIslamicBanking
Dr. Mohd Daud BakarChairmanofShariahAdvisoryCouncilofBankNegaraMalaysia
Mr. Ajmal BhattyPresident&CEO, TokioMarineMiddleEastLimited
Mr. nazeem noordaliGeneralManagerofCorporate&StructuredFinanceDepartment,ITFC,IDB
Speakers
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11:30 Session 1: Common Cross-Border taxation Issues in Islamic Finance
CurrentlocalandinternationalframeworkforIslamicfinancetaxation • MalaysiantaxtreatmentonIslamicfinancialtransactions• Issuesunderthedoubletaxationagreements(DTAs)anddiscussionon
howIslamicfinanceistaxedundertheDTAs
13:00 Lunch(Venue:SasanaCafe&KMCAtrium)
14:00 Session 2: Building Blocks for Active Cross-Border Flows Promotingcross-bordercohesivenesswithtaxationasabusinesscatalyst
• TaxasanenablerinfacilitatingthegrowthofIslamicfinanceregionally• ReallifeexperiencesinundertakingIslamicfinancecross-border
transactions
15:15 Networking&Refreshments(Venue:ConferenceHall1&Pre-functionArea)
15:30 Session 3: Case Study on Cross-Border tax treatment for Islamic Finance transactions in the MEnA Countries • DiscussionontheconclusionsreachedfromtheMENAstudy• Mappingofitscommonapplicabilitytothelocalandinternational
taxissues
gloBAl ISlAMIC FInAnCE tAxAtIon FoRuMVenue: Theatrette
DAY 2 Wednesday, 19th September 2012
ProminenttaxationauthoritiesandIslamicfinanceplayersdebateontheroleoftaxasabusinessenablerforcross-bordertransactions,withanaimtofindaresolutionthatcouldassistindeepeningtheIslamicfinancialtransactionsacrosstheglobe.
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16:30 Session 4: What’s next for International tax Policy• PotentialsolutionsforcurrentissuesinbothMENAandAsia
Pacificregions• SettingofthetaxdirectiveforIslamicfinanceasmoderatedby
theOECDrepresentative• Jointinternationalproposali.e.“IslamicFinanceTaxation
Forum:ProposalsonTaxationofCross-BorderIslamicFinancialTransaction(TheProposal)
17:30 Endofforum
Ms. Azleena Idris DeputyDirector,IslamicBankingandTakafulDepartment, BankNegaraMalaysia
Mr. Edward Barret TaxTreatyAdvisor,CentreforTaxPolicyandAdministration,OECD,Paris
Mr. Aurobindo Ponniah Head,IBFDOfficeforAsiaandthePacific,KualaLumpur
Ms. Jennifer Chang SeniorExecutiveDirector, PwCTaxationServices,KualaLumpur
Mr. Sam Chay DirectorTaxandFinance CIMBGroup,KualaLumpur
Mr. Richard thomas ChiefExecutiveOfficer GatehouseBank,London
Mr. Wimbanu Widyatmoko ManagingPartnerHadiputranto, HadinotoandPartners,Jakarta
Mr. Hafiz Choudhury Principal,MGroup,USAandAsiaInternationalTaxandInvestmentCenter,WashingtonD.C.,USA
Mr. Mohammed Amin IslamicFinanceConsultant,London
Mr. Salah guyedi SeniorAdvisor MinistryofEconomyandFinance Doha,Qatar
Mr. Edward Barret TaxTreatyAdvisor,CentreforTaxPolicyandAdministration,OECD,France
Mr. Aurobindo Ponniah Head,IBFDOfficeforAsiaandthePacific,KualaLumpur
Speakers
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11:30-17:30
• Prominentspeakers,comprisingbusinesspractitionersandfinancialexpertswillsharetheirexperiencesonhowIslamicfinancehasfacilitatedthebusinesscommunityintheoperationsandexpansionoftheiractivities.
• Highlightsofthesessionincludediscussiononthelatestdevelopmentandglobaloutlookofselectedeconomicsectors,suchastheaviation,oilandgas,educationandinfrastructuredevelopment,andtheprospectofIslamicfinanceasaviableformoffinancialintermediationforthesesectors.
• ParticipantscangaininsightsonvariousbusinessopportunitiesthatcanbefurtherexploredbybothmarketplayersintheIslamicfinanceindustryandbusinesscommunityfromtherealsectors.
InDuStRY SPECIFIC DIAloguE
Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values
Venue: Training Room 2.1 - 2.4
DAY 2 Wednesday, 19th September 2012
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11:30 Session 1: An overview of the Malaysian Shariah governance Framework
13:00 Lunch(Venue:SasanaCafé&KMCAtrium)
14:30 Session 2: Assessment of the ground Reality and Industry Perception of the Shariah Board • Challengestoapproveproductsandinstitutionaloperations• Doesremunerationcommensuratewithcontributions?• Fatwainconsistencybetweendifferentboards
15:15 Networking&Refreshments(Venue:ForumFoyer)
16:00 Session 3: Future Prospects for Shariah Board Members• Increasedparticipationofwomen?• Prosandconsofharmonisationandstandardisation• SingleglobalShariahBoard
17:00 Resolution&ClosingRemarks
17:30 Endofforum
IntERnAtIonAl SHARIAH SCHolARS FoRuM
The Role of Shariah Board in Light of Shariah Governance Framework
Venue: Forum
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DAY 2 Wednesday, 19th September 2012
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9:00 Royal Address by His Royal Highness Raja Dr. nazrin Shah MIFCFinancialAmbassador
09:30 Enhancing the Islamic Financial System in a Decade of Increasing Internationalisation• OutlookforIslamicfinanceinachangingeconomiclandscape• ChallengesandaspirationsforinternationalisationofIslamic
finance• StrategiestoenhancecapabilityofIslamicfinanceto
strengthenlinkagesinthefinancialworldandtobridgeeconomies
• RisksharingasavehicleforinternationalisationofIslamicfinance
• RolesofmultilateralorganisationsinsupportinginternationalisationofIslamicfinance
10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
PlEnARY SESSIonVenue: Auditorium
Public lecture 2
DAY 3 Thursday, 20th September 2012
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10:45 Keynote Session: navigating Islamic Finance in an Era of Increasing Internationalisation• Pre-requisitestointernationalisationofIslamicfinance• OpportunitiesforIslamicfinanceinaneraofincreasing
internationalisation• Regulatoryprioritiesinthenextfivetotenyearstoassistcross-border
Islamicfinancialactivities• Challengesinmovingforwardtoincreasinginternationalisation
11:45 Session 1: Enhancing Regulatory and Supervisory Synergy to Increase Cross-Border transactions in Islamic Finance• Importanceofaholisticregulatoryandsupervisorycooperationto
addressemergingriskfromcross-borderactivities• RegulatorystrategiestoachievedynamicIslamicfinancialinstitutions
forcross-borderactivities• StandardsneededtofacilitateamoreglobalisedIslamicfinancial
system• StrengtheningliquiditymanagementofIslamicfinancialinstitutions
throughissuanceprogrammesbytheInternationalIslamicLiquidityManagementCorporation(IILM)
13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)
14:30 Session 2: legal and Shariah governance – Catalyst for greater global Connectivity in Islamic Finance • Enhancingtherolesofjudiciaryandlegalfraternityinspurringgrowth
ofcross-borderIslamicfinancialtransactions• Assessingcomprehensivenessofexistinglegalinfrastructureto
facilitateglobalconnectivity,includingcross-bordertransactions• IntensifyinginternationalcollaborationoneffortstopromoteShariah
convergenceandunderstandingtofacilitatecross-borderactivities• StrengtheningShariahgovernanceframeworktosupportthe
expansionininternationalproductandserviceofferings
REgulAtoRS FoRuMVenue: Forum
DAY 3 Thursday, 20th September 2012
Highleveldiscussionsonregulatorystrategiesinanenvironmentofincreasedcross-borderIslamicfinancialactivities.Panelistswillhighlightkeyregulatoryandsupervisorychallengesandthepossiblesolutionsthatwillsupportgreatercross-borderbusinesses.
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15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
16:00 Session 3: Impact of Basel III on Regulatory Standards and Effect on Cross-Border Activities• Strengthenedcapitalandliquidityrequirementstoinspire
greaterconfidenceonIslamicfinancialinstitutions• EffectsofdifferentlevelsofadoptionofBaselIIIrequirements
betweenjurisdictions• Home-hostsupervisoryissuesinimplementingBaselIIIrules• Potentialchallengesinliquiditymanagement–ahinderfor
cross-borderactivities?
16.45 Session 4: takaful - Venturing Beyond Boundaries • Overcomingregulatorychallengestofacilitatecross-border
takafulbusiness• Risk,corporateandShariahgovernance–strengthening
foundationforsustainablegrowthoftakafulplayersbeyonddomesticboundaries
• Theroleofstandardsettingbodiesinthedevelopmentofgloballyconsistentstandardsfortakafultominimisecross-borderregulatoryarbitrage
17:30 Endofforum
tan Sri Andrew ShengChiefAdvisor,ChinaBanking RegulatoryCommission
Mr. Bakarudin IshakAssistantGovernor,BankNegaraMalaysia
Mr. Jaseem AhmedSecretary-General,IslamicFinancialServicesBoard
Mr. Richard thomasChairmanoftheWorkingGroup,UKIFS
Mr. Brian P. BakerManagingDirectorofPIMCOAsia
Mr. Iqbal KhanCEO,FajrCapital
Mr. Rushdi SiddiquiGlobalDirector,IslamicFinanceThomsonReutersUS
tun Abdul Hamid Haji MohamadFormerChiefJusticeofMalaysia
Dr. Mohd Daud BakarChairman,ShariahAdvisoryCouncilofBankNegaraMalaysia
Sheikh Yusof talal DelorenzoUSShariahScholar
Mr. Jeff MillerSecretariatofBaselIIICommittee, BankofInternationalSettlement
Mr. Khalid Hamad Abdulrahman HamadDirectorofBankingSupervision, CentralBankofBahrain
Dr. Ali Al AmariSeniorDirector,Supervision&AuthorisationDivisionQatarFinancialCentreRegulatoryAuthority
Dr. John lee Hin HockChiefRiskOfficer,MaybankGroup
Mr. Sohail JafferPartnerandHeadofInternationalBusinessDevelopment,FWGroup
Mr. Dawood taylor SeniorRegionalExecutive(Takaful),PrudentialCorporationAsia,UAE
Mr. Peter CaseySeniorDirector,PolicyandStrategy,HeadofIslamicFinance–DubaiFinancialServicesAuthority
Mr. tobias FrenzChiefExecutiveOfficer, MunichReRetakaful
Speakers
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10:45 CEos’ Session: Meeting the Expectations • Regulators’expectations• Rigorousunderwritings• Operationalefficiencies• Reasonableexpectationoftakafulparticipants• Keyperformanceareas
11:45 Session 1: Wealth Management• Demographicchanges• Determiningkeyfocusareas• Measuringreadiness
Session 2: Medical and Health takaful • Identifyingdemands• Keyfocusareasforreadiness• Criticalsuccessfactors
13:00 Lunch(Venue:SasanaCafé&KMCAtrium)
14:30 Session 3: Integrating Cross-Border takaful Business• Issuesandchallenges• Areasforconsiderationbynon-takafulregulators• Supportingfactorsontheregulatoryenvironments
15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
tHE tAKAFul REnDEZVouSVenue: Auditorium
DAY 3 Thursday, 20th September 2012
Aforumtogaingreaterunderstandingontheglobaldevelopmentsintakafulregulationsandconductoftakafulbusiness,includingfactorsaffectingthetakafulindustry.
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16:00 Session 4: Retirement Plan • Demographicchanges• Determiningkeyfocusareas• Measuringreadiness
Session 5: Becoming large and Specialised Risks (lSR) takaful operator • Insuranceandtakafulmarketscenario• Gapsandopportunities• Criticalsuccessfactors
16:30 Session 6: Managing and Prioritising Critical Business Risks and Solvency Challenges • Newriskchallenges• Adequacyofaddressingrisksassociatedwithtakaful
operations• Evaluatingsolvencyfortakafulundertakings• Rolesofratingagencyfortakaful/retakafulundertakings
17:30 Endofsession
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10:45 Session 1: the Regulatory Framework
11:00 Session 2: A greater Role for Islamic Finance in the global Economy• AnEconomicOutlook:HowIslamicfinancecancontributetowards
meetingcapitalneeds• LookingatgrowthcentresandconduciveregionstoconductIslamic
financetransactions
11:45 Session 3: Sukuk as a Viable Fund Raising option
12:15 Session 4: Islamic Fund Management• ProspectsinIslamicFundManagement• ListingofIslamicREITS
13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)
14:30 Session 5: Islamic Fund Management• IslamicWealthManagement• BusinessTrusts• RiskSharingFundStructures
15:45 Networking&Refreshment Venue:ConferenceHall1&Pre-functionArea
16:00 Session 6: Product Development in Islamic Finance • PromotingShariah-basedinstruments• Alternativestrategiesfunds• Privateequity,venturecapitalandangelinvesting• Developingwaqfassets
17:30 Endofforum
IntERnAtIonAl ISlAMIC CAPItAl MARKEt FoRuMVenue: Training Room 2.1 - 2.2
DAY 3 Thursday, 20th September 2012
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DAY 3 Thursday, 20th September 2012
11:30 Session 1: Islamic Project Financing - Benefits and Challenges for SMEs
• ThebenefitsofIslamicfinanceforSMEs• Overcomingchallengeswithoutcompromisingprofitmargins• Harnessingbusinessandmaximisingopportunities
13:00 Lunch(Venue:SasanaCafé&KMCAtrium)
14:30 Session 2: Working Capital and trade Financing - Practical Case Study for SME Financing• HowSMEscantacklelegal&taxchallengesinIslamicfinancingin
theircross-borderbusinesstransactions?
15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea
16:00 Session 3: growth trajectory for SME - Preparing for listing and Cross Boundaries• LatestdevelopmentsinpoliciesandinitiativessupportingSMEs• Trendsincross-borderfundingforSMEs• Opportunitiesandchallengesmovingforward
17:30 Endofsession
SMEs WoRKSHoP: lEVERAgIng on ISlAMIC FInAnCIng oPPoRtunItIESVenue: Training Room 2.1 - 2.2
SeekstoaddressissuesfacedbyIslamicbankinginstitutionsindevelopinganicheandattainingcompetitiveedgeinsocially-inclusiveandentrepreneurialbanking–SMEsandmicrofinancing.
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