IIFM Industry Seminar On Islamic Capital And Money Market In Singapore (Hosted By Monetary Authority Singapore)

8:30 AM - 9:00 AM

REGISTRATION & REFRESHMENTS

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9:00 AM - 9:05 AM

RECITATION OF THE HOLY QURAN

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9:05 AM - 9:15 AM

OPENING ADDRESS

– Ms. Valerie Tay, Executive Director, Financial Centre Development Department,Monetary Authority of Singapore (MAS)

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9:15 AM - 9:30 AM

KEYNOTE ADDRESS:

– Mr. Saad Rahman, Managing Director-Head of Global Islamic Banking, Credit Agricole CIB & Director on IIFM Board

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9:30 AM - 10:30 AM

SESSION 1: GLOBAL SUKUK MARKET DEVELOPMENTS & POTENTIAL FOR MARKET STANDARDIZATION

- Sukuk Market Overview & Structural Trends
- Role of Sovereign Issuers in Sukuk market development
- Corporate Sukuk Issuances
- Use of Sukuk in Islamic Financial Institution’s Capital Structure (Tier 1 & Tier 2)
- Basel III, Ratings, Legal and Regulatory Framework
- Sukuk Default and Restructuring – Lessons Learnt
- Potential for Standard Sukuk Documentation and Guidelines

Moderator/Presenter:

– Mr. Ijlal Ahmed Alvi, Chief Executive Officer, International Islamic Financial Market (IIFM), Bahrain

Presenters/Panelists:

1) Mr. Saad Rahman, Managing Director-Head of Global Islamic Banking, Credit Agricole CIB, Dubai

2) Mr. Nicholas Edmondes, Partner – Global Head of Islamic Finance, Trowers & Hamlins, London

3) Mr. Yeo Wico, Partner, Allen & Gledhill LLP, Singapore

4) Ms. Siew Suet Ming, Head of Structured Finance, RAM Rating Services Berhad, Kuala Lumpur

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10:30 AM - 11:30 AM

SESSION 2: COLLATERALIZATION OF ISLAMIC SECURITIES AS A LIQUIDITY MANAGEMENT TOOL AND IIFM STANDARD

- Collateralized Liquidity Management Product Overview
- Use of Sukuk & Islamic Equities as Collateral
- Standard Master Collateral Documentation
- Legal & Regulatory Framework
- Tri-Party Arrangement for Collateral Management (International and Domestic)
- Impact on Rating due to Collateralization

Moderator/Presenter:

– Mr. Ismail Ebrahim Dadabhoy, Advisor, International Islamic Financial Market (IIFM), Dubai

Presenters/Panelists:

1) Mr. Habib Motani, Partner, Clifford Chance LLP, London

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

3) Ms. Siew Suet Ming, Head of Structured Finance, RAM Rating Services Berhad

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11:30 AM - 11:45 AM

REFRESHMENT BREAK

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11:45 AM - 12:30 PM

SESSION 3: ISLAMIC LIQUIDITY MANAGEMENT AND ON-EXCHANGE COMMODITY TRADES

- International Commodity Trading Platforms
- Utilization of On-Exchange Commodities for Islamic Liquidity Management
- Standard Documentation Requirements

Moderator:

– Mr. Ijlal Ahmed Alvi, Chief Executive Officer, International Islamic Financial Market (IIFM), Bahrain

Presenters/Panelists:

1) Mr. Paul Boots, Director, Tradeflow, Dubai Multi Commodities Centre, Dubai

2) Prof. Dr. Mohamad Akram Laldin, Executive Director, International Shari’ah Research Academy for Islamic Finance (ISRA), Kuala Lumpur

3) Mr. Jamaluddin Nor Mohamad, Director of Islamic & Alternative Markets, Bursa Malaysia Berhad 

4) Mr. Cassim Docrat, Director, DDCAP Limited, Dubai

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12:30 PM - 1:45 PM

SESSION 4: DEVELOPMENTS IN TAHAWWUT (ISLAMIC HEDGING) SEGMENT AND PRODUCT DOCUMENTATION STANDARDS

- Tahawwut (Hedging) Master Agreement
- Mubadalatul Arbaah (Profit Rate Swap) Standard
- Islamic Cross Currency Swap Standard – Key Features
- Foreign Exchange Forwards and its role in Risk Mitigation
- Credit Support Agreement and its role in Islamic Hedging
- Legal Enforceability and Market Implementation

Moderator/Presenter:

– Mr. Ijlal Ahmed Alvi, Chief Executive Officer, International Islamic Financial Market (IIFM), Bahrain

Presenters/Panelists:

1) Dr. Peter Werner, Senior Director, International Swaps & Derivatives Association (ISDA), London

2) Mr. Habib Motani, Partner, Clifford Chance LLP, London

3) Mr. Yeo Wico, Partner, Allen & Gledhill LLP, Singapore

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1:45 PM - 2:30 PM

SESSION 5: IIFM INTER-BANK UNRESTRICTED WAKALAH STANDARD - UPDATE

- 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

Moderator/Presenter:

– Mr. Ijlal Ahmed Alvi, Chief Executive Officer, International Islamic Financial Market (IIFM), Bahrain

Presenters/Panelists:

1) Prof. Dr. Mohamad Akram Laldin, Executive Director, International Shari’ah Research Academy for Islamic Finance (ISRA), Kuala Lumpur

2) Mr. Nicholas Edmondes, Partner – Global Head of Islamic Finance, Trowers & Hamlins, London

3) Mr. Ismail Bin Syed Ahmad, Managing Director, The Islamic Bank of Asia, Singapore

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2:30 PM

LUNCHEON HOSTED BY MONETARY AUTHORITY OF SINGAPORE