IIFM Awareness Seminar on Islamic Finance on WIBC Pre-conference Day, Bahrain

8:00 AM - 9:00 AM

Registration and Morning Refreshments

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9:00 AM - 9:05 AM

Recitation from The Holy Quran

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9:05 AM - 9:10 AM

Welcome Remarks by the Master of Ceremony

Dr. Ahmad Rufai
Head of Compliance
IIFM, Bahrain

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9:10 AM - 9:20 AM

Opening Address

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

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9:20 AM - 9:30 AM

Keynote Address

H.E. Dr. Obaid Saif Hamad Al Zaabi
Chief Executive Officer
Securities & Commodities Authority, UAE

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9:30 AM - 9:45 AM

Presentation 1: An Overview of IIFM Standards and Industry Development Initiatives

Ismail Dadabhoy
Advisor
IIFM

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9:45 AM - 10:00 AM

Presentation 2: Revisiting the “IIFM Reference Paper on I’aadat Al Shira’a (Repo Alternative) and Collateralization (Structuring Possibilities)”

Ijlal Ahmed Alvi
Chief Executive
IIFM, Bahrain

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10:00 AM - 11:00 AM

Session 1: Global Sukuk Market Developments

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

ii. Opportunities and Challenges
– Corporate Sukuk
– Green and SRI Sukuk
– Blockchain Sukuk
– Challenges in Sukuk Structuring

iii. Update on IIFM Standardized Sukuk Documentation Initiative
– Sukuk Al Ijarah Suite of Documentation
– Sukuk Al Mudarabah Suite of Documentation

iv. Securitization
– Prospects for Securitized Sukuk
– Rating for Securitized Sukuk

Chairperson:
1) Lilian Le Falher
    Executive Manager, Head of Treasury, FI’s & Capital Markets
    Kuwait Finance House (Bahrain)

Speakers:
2) Ijlal Ahmed Alvi
     Chief Executive
     IFM, Bahrain

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

4) Farah Parveen Khan
     Senior Financial Analyst
     Islamic International Rating Agency (IIRA), Bahrain

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11:00 AM - 11:45 AM

Session 2: Global Benchmark Rates Reforms

– Regulatory Developments
– IBOR Replacement – Alternative Reference Rates
– Transition to Alternative Reference Rates and Implication for Islamic Finance
– Findings of the ISDA Consultation on “Final Parameters for Benchmark Fallback Adjustments”

Chairperson:
1) Mohamed Omarah
    General Counsel and Head of Governance for MEA
    Crédit Agricole CIB, Dubai

Speakers:
2) Dr. Peter Werner
     Senior Counsel
     International Swaps & Derivatives Association (ISDA), London

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

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11:45 AM - 12:15 PM

Prayer & Refreshment Break

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12:15 PM - 1:15 PM

Session 3: ISDA-IIFM Islamic Hedging Standards

– Overview of ISDA/IIFM Tahawwut (Hedging) Master Agreement and Islamic Hedging Products
– Regulatory and Law Reforms in Islamic Jurisdictions
– Key Recommendations of the ISDA-IIFM Industry Consultative Meeting on Islamic Hedging held in September 2019

Chairperson:
1) Lilian Le Falher
    Executive Manager, Head of Treasury, FI’s & Capital Markets
    Kuwait Finance House (Bahrain)

Speakers:
2) Ismail Dadabhoy
     Advisor
     IIFM

3) Dr. Peter Werner
     Senior Counsel
     International Swaps & Derivatives Association (ISDA), London

4) Mujeebu Rahman
     VP Financial Market Sales, Group Treasury and Financial Markets
     Bank ABC Islamic, Bahrain

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1:15 PM - 2:00 PM

Session 4: 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

Chairperson:
1) Cassim Docrat
    Director
    DDCAP (DIFC) Limited, Dubai

Speakers:
2) Ijlal Ahmed Alvi
    Chief Executive
    IIFM, Bahrain

3) Mohamed Omarah
    General Counsel and Head of Governance for MEA
    Crédit Agricole CIB, Dubai

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2:00 PM - 3:00 PM

Lunch & Close of Seminar