IIFM Awareness Seminar on Islamic Finance hosted by Central Bank of Bahrain

Past Event

  • Monday, 26th November 2018
  • 07:30 AM - 02:00 PM
  • Thuraya Ballroom, Art Rotana Hotel, Amwaj, Muharraq, Kingdom of Bahrain
  • Registration are closed for this event.

Program Details

8:30 AM - 9:00 AM
REGISTRATION AND MORNING COFFEE

9:00 AM - 12:05 AM
OPENING OF THE SEMINAR WITH RECITATION FROM THE HOLY QURAN

9:05 AM - 9:15 AM
OPENING ADDRESS

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


9:15 AM - 9:30 AM
PRESENTATION: AN OVERVIEW OF IIFM’S SHARIAH-COMPLIANT FINANCIAL DOCUMENTATION AND PRODUCT CONFIRMATION STANDARDS

Ismail Dadabhoy, Advisor, IIFM


9:30 AM - 10:30 AM
SESSION 1: TRADE FINANCE AND THE IIFM-BAFT MASTER PARTICIPATION AGREEMENTS

– IIFM-BAFT Master Participation Agreements (MPA) for Unfunded and Funded Trade Transactions
   > Framework Documentation Structure
   > Key Shariah, Legal and Operational Aspects of the Master Agreements
   > Guidance Memorandum
– Islamic Trade Finance Products
   > Limited Set of Existing Products
   > Product Innovation Requirements of the Islamic Finance Industry

Moderator:

Hammad Hassan, Managing Director, Bank ABC Islamic and Group Head of Islamic Banking, Bank ABC, Bahrain

Speakers:

Ijlal Ahmed Alvi, Chief Executive, IIFM, Bahrain

Mian Muhammed Nazir, Chief Executive Officer, Dar Al Sharia, Dubai

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


10:30 AM - 11:30 AM
SESSION 2: DEVELOPMENTS IN THE GLOBAL SUKUK MARKET

– Sukuk Issuances
   > Domestic and International
   > Issuer Status
   > Structure Trends
– Innovations in Sukuk
   > Green and SRI Sukuk
   > Gold related Sukuk
– Enhancement of Sukuk Credit Risk
– Update on IIFM Sukuk Standardization Project

Moderator:

Dr. Hatim El-Tahir, Director, Audit & Assurance, Deloitte & Touche – Middle East, Bahrain

Speakers:

Sabeen Saleem, Chief Executive Officer, Islamic International Rating Agency (IIRA), Bahrain

Mourad Mekhail, Board Advisor, Kuwait International Bank, Kuwait

Lotfi Zairi, Manager, Risk Management Division, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Jeddah

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


11:30 AM - 12:00 PM
REFRESHMENT & PRAYER BREAK

12:00 PM - 1:00 PM
SESSION 3: GOLD RELATED SHARIAH-COMPLAINT DOCUMENTATION & PRODUCTS STANDARDIZATION POSSIBILITIES

– Findings of the IIFM-World Gold Council Market Consultative Meeting on Development of Shariah-Compliant Documentation for the Gold Industry
– Assessing the Market Requirements for:
   > Allocated Gold Agreement
   > Gold Product Confirmations

Moderator:

Andrew Naylor, Director – Central Banks and Public Policy, World Gold Council, Singapore

Speakers:

Ajay Mathur, Director – Precious Metals, Dubai Multi Commodities Centre (DMCC), Dubai

Hamza K. Bawazir, Head of Shariah Support & Development, National Commercial Bank, Jeddah

Habib Motani, Partner, Clifford Chance LLP, London


1:00 PM - 2:00 PM
SESSION 4: DEVELOPMENTS IN GLOBAL FINANCIAL MARKETS

– Inter-Bank Benchmark Reference Rate Reforms in Global Markets
   > Use of Global Reference Rates in Islamic Finance
   > Consideration for Creating Islamic Benchmark Reference Rates
– Digitization of Islamic Financial Documentation & Products
   > Current Status and Development Challenges
– Islamic Trade Finance as an Investment Asset Class
– ITFC Sovereign Energy Fund (ISEF)

Moderator:

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

Speakers:

Omar Mustafa Ansari, Acting Secretary General, Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain

Mian Muhammed Nazir, Chief Executive Officer, Dar Al Sharia, Dubai

Habib Motani, Partner, Clifford Chance LLP, London

Anisse Terai, Head of Policy and Partnerships, International Islamic Trade Finance Corporation (ITFC), Jeddah


2:00 PM - 3:00 PM
CLOSE OF SEMINAR AND LUNCH