IIFM Industry Seminar on Islamic Financial Markets

Thursday, 14 May 2015
IIFM Industry Seminar on Islamic Financial Markets
Thursday, 14th May 2015, Royale Ballroom, Lobby Level 3, The Palace Downtown Dubai Hotel, UAE
PROGRAM
08:30 – 08:45
Registration & Refreshments
08:45 – 08:50
Recitation of The Holy Quran
08:50 – 08:55
Welcome Remarks:

- Mr. Simon Eedle, Managing Director-Group Regional Head-Middle East, Natixis Dubai Branch

08:55 – 09:05
Opening Remarks:

- Mr. Khalid Hamad, Chairman, International Islamic Financial Market (IIFM), Bahrain

09:05 – 09:15
Keynote Address:

- Mr. Abdulla Al Awar, Chief Executive Officer, Dubai Islamic Economy Development Centre, Dubai

09:15 – 09:25
Special Address:

- Mr. Abdulrazak Elkhraijy, EVP & Head of Shari’ah Group, The National Commercial Bank, Jeddah

09:25 – 10:45
Recent Developments in the Global Sukuk Market
  • Trends and findings from the IIFM Sukuk Report (4th Edition) & IIFM industry consultations on Sukuk standardization
  • Growth of Sukuk in current global financial market volatility   
  • Creating an enabling environment for Sukuk market – regulation, rating and other factors

Moderator/Presenter:

 - Mr. Qudeer Latif, Partner-Head of Islamic Finance, Clifford Chance LLP, Dubai

Panelists/Presenters:

1) Mr. Khalid Sulaiman Al Saeed, Senior Financial Sector Specialist, Debt & Capital Market Instruments Division, International Monetary Fund, Washington

2) Mr. Hani Ibrahim, MD-Investment Banking, Qinvest, Doha

3) Mr. Ali Taufeeq, Associate Director, Debt Capital Markets & Syndicated Finance Global Capital Financing, HSBC Middle East, Dubai

10:45 – 11:45
Collateralization of Islamic Securities as a Liquidity Management Tool-IIFM Standard Master Collateralized Murabahah Agreement
  • Collateralized Liquidity Management Product Overview
  • Standard Master Collateral Documentation
  • Guidance Memorandum
  • Use of Sukuk & Islamic Equities as Collateral
  • Tri-Party Arrangement for Collateral Management (International and Domestic)          
  • Legal & Regulatory Framework

Moderator/Presenter:

- Mr. Ismail Dadabhoy, Advisor, IIFM

Panelists/Presenters:

1) Mr. Karar Zubair, Head, Treasury Division, Islamic Corporation for the Development of Private Sector (ICD), Member of IDB Group, Jeddah

2) Mr. Shamzani Hussain, Global Head of Islamic Banking-Wholesale Banking Group, First Gulf Bank, Dubai

3) Mr. Lilian Le Falher, Executive Manager, Treasury, FI’s & Capital Markets, KFH Bahrain

4) Ms. Nadjima Hannoucene, Head of Islamic Finance, Natixis Dubai Branch

11:45 – 12:00
Refreshment Break
12:00 – 12:45
IIFM Standard Inter-Bank Unrestricted Master Investment Wakalah Agreement
  • Unrestricted Wakalah and its Role in the Development of Islamic Inter-Bank Market 
  • Standard Master Unrestricted Wakalah Documentation & Operational Guidelines
  • Accounting Assessment for IIFM Unrestricted Wakalah Master Agreement
  • Legal Enforceability and Market Implementation
  • Central Bank of Bahrain Wakalah Facility

Moderator:

- Mr. Lilian Le Falher, Executive Manager, Treasury, FI’s & Capital Markets, KFH Bahrain

Panelists/Presenters:

1) Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM

2) Mr. Karar Zubair, Head, Treasury Division, Islamic Corporation for the Development of Private Sector (ICD), Member of IDB Group, Jeddah (invited)

3) Dr. Hatim El-Tahir, Director, Islamic Finance Group, Deloitte & Touche – Bahrain

4) Mr. Elias Moubarak, Head of Islamic Finance, Trowers & Hamlins, Dubai (invited)

12:45 – 13:30
Developments in Tahawwut (Islamic Hedging) Segment
  • Tahawwut Master Agreement (TMA) and Islamic FX Product Template
  • Standard Credit Support Agreement – Development & Challenges
  • Legal Enforceability of TMA
  • New EU and North American regulations on derivatives and possible impact on Islamic hedging
  • Commodity hedging

Moderator/Presenter:

- Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM

Panelists/Presenters:

1) Mr. Khurram Hilal, Global Head of Islamic Products, Standard Chartered Saadiq, Dubai

2) Mr. Mohammed Omarah, Head of Legal, Credit Agricole CIB, Dubai

3) Mr. Sabri Ulus, Head, Islamic Treasury Solutions, The National Commercial Bank, Jeddah

4) Mr. Omar Anwar, Head of Treasury Sales, Noor Bank, Dubai

13:30 – 14:15
On-Exchange Islamic Products
  • DMCC platform for physical gold
  • On-Exchange Commodity Trades, Exchange Traded Funds and Others

Moderator/Presenter:

- Mr. Moinuddin Malim, Managing Partner, Alternative Int’l Management Services, Dubai

Panelists/Presenters:

1) Ms. Sebnem Sen, Head of Tradeflow, Dubai Multi Commodities Centre

2) Dr. Murat Mazibas, Head of Research & Business Development, Borsa Istanbul

3) Mr. Cassim Docrat, Regional Director, DDCAP (DIFC) Limited, Dubai

14:15 – 15:00
Luncheon hosted by Natixis Dubai Branch

The program is subject to change