IIFM Awareness Seminar on Islamic Finance in Dubai, Hosted by DIFC

Past Event

  • Wednesday, 12th June 2019
  • 07:30 AM - 02:00 PM
  • DIFC Conference Centre, The Exchange, Gate Village 11, DIFC, Dubai, UAE
  • Registration are closed for this event.

Program Details

8:30 AM - 9:00 AM
Registration and Morning Coffee

9:00 AM - 9:05 AM
Recitation from The Holy Quran

9:05 AM - 9:10 AM
Introductory Remarks

Moinuddin Malim, Managing Partner, Alternative International Management Services (AIMS), Dubai


9:10 AM - 9:20 AM
Welcoming Remarks

Salmaan Jaffery, Chief Business Development Officer, DIFC Authority


9:20 AM - 9:30 AM
Opening Remarks

Khalid Hamad Abdulrahman Hamad, Executive Director of Banking Supervision, Central Bank of Bahrain and Chairman of IIFM


9:30 AM - 9:45 AM
Presentation: An Overview of IIFM Standards and Industry Development Initiatives

Ismail Dadabhoy, Advisor, IIFM


9:45 AM - 12:00 AM
Session 1: IIFM-BAFT Islamic Trade Finance Standards

i. IIFM-BAFT Master Participation Agreements (MPA’s) for Trade Finance Transactions
– Framework Documentation Structure (Unfunded & Funded)
– Shariah, Legal and Operational Aspects of the Participation Arrangements
– Guidance Memorandum – Highlights

ii. Challenges in Structuring Innovative Islamic Trade Finance Products

Moderator:

Lilian Le Falher, Executive Manager, Head of Treasury, FI & Capital Markets, Kuwait Finance House (Bahrain)

Presenters:

Ijlal Ahmed Alvi, Chief Executive, IIFM

M. Delwar Hossain, Senior Associate, Baker & McKenzie Limited, Bahrain

Panelists:

Khurram Hilal, Managing Director-Head of Group Islamic Products, Standard Chartered Bank, Dubai


11:00 AM - 12:15 PM
Session 2: Developments in the Global Sukuk Markets

i. Key Findings of the Annual IIFM Sukuk Report 2019
– International and Domestic Sukuk Issuances
– Types of Issuers and Structure Trends

ii. IIFM Standardized Sukuk Documentation Initiative
– Sukuk Al Ijarah Suite of Documentation
– Sukuk Al Mudarabah Suite of Documentation

Moderator:

Hamza Bawazir, EVP – Head of Shariah Division, National Commercial Bank, Jeddah

Presenters:

Ijlal Ahmed Alvi, Chief Executive, IIFM

Ahmed Choudhry, Senior Associate, Clifford Chance LLP, Dubai

Panelists:

Ahsan Ali, Head of Islamic Origination, Standard Chartered Bank, Dubai

Mohamed Abderrezak, Senior Product Manager, Bank ABC Islamic, Bahrain


12:15 PM - 12:30 PM
Refreshment Break

12:30 PM - 1:30 AM
Session 3: Exploring Islamic Syndication Documentation Standardization

– Global Syndication Market and Trends
– Types of Syndicated arrangements and Structures
– Legal, Regulatory and other Issues being faced by the Syndication market

Moderator:

Moinuddin Malim, Managing Partner, Alternative International Management Services (AIMS), Dubai

Speakers:

Maher Al Kaabi, Group Head of Al-Watani Al-Islami, Emirates NBD, Dubai

Sabir Ahmed, Executive Director, Islamic Origination, Standard Chartered Bank, Dubai

Amine Regaya, Director, Structured Finance & Syndications, Abu Dhabi Islamic Bank


1:30 PM - 2:30 PM
Session 4: Digitization of Financial Documentation and Products

– Use of FinTech, RegTech, Blockchain and Smart Contracts for efficiency and operational cost reduction
– Business segments and Products where Smart Contracts will be useful

Moderator:

Lawrence Oliver, Director, DDCAP Limited, London

Presenters:

Ismail Dadabhoy, Advisor, IIFM

Dimitrios Vourakis, Chief Product Officer, Wethaq (Capital Markets), Dubai

Panelists:

Mian Muhammed Nazir, Chief Executive Officer, Dar Al Sharia Islamic Finance Consultancy, Dubai

Maher Al Kaabi, Group Head of Al-Watani Al-Islami, Emirates NBD, Dubai


2:30 PM - 3:00 PM
End of Seminar and Lunch