IIFM Industry Seminar On Islamic Financial Markets

8:30 AM - 9:00 AM

MORNING COFFEE AND REGISTRATION

9:00 AM - 9:05 AM

OPENING AND WELCOME REMARKS BY THE MASTER OF CEREMONY

9:05 AM - 10:15 AM

SESSION 1: 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, listing, rating and other factors

Moderator/Presenter:

– Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM, Bahrain

Panelists/Presenters:

1) Mr. Noraizat Shik Ahmad, Deputy GM & Head of Product Evaluation Dept, Islamic Capital Market, Securities Commission Malaysia, Kuala Lumpur

2) Ms. Ruslena Ramli, Head, Islamic Finance, RAM Rating Services Berhad, Kuala Lumpur

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

10:15 AM - 11:15 AM

SESSION 2: 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 E. Dadabhoy, Advisor, IIFM

Presenters/Panelists:

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

2) Mr. Davin Cheung, Global Securities Financing, Clearstream Banking S.A., Singapore

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

11:15 AM - 11:30 AM

REFRESHMENT BREAK

11:30 AM - 12:15 PM

SESSION 3: 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 & possible impact on Islamic hedging

Moderator/Presenter:

– Mr. Habib Motani, Partner, Clifford Chance LLP, London

Presenters/Panelists:

1) Mr. Douglas Bongartz-Renaud, Consultant to conventional and Islamic banks, retired from ABN AMRO Bank & former Member ISDA BoD, Jakarta

2) Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM, Bahrain

12:15 PM - 1:00 PM

SESSION 4: 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/Presenter:

– Ijlal Ahmed Alvi, Chief Executive Officer, IIFM, Bahrain

Panelists/Presenters:

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

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

1:00 PM - 1:30 PM

SESSION 5: ISLAMIC ON-EXCHANGE PRODUCTS

- Role of exchanges in the development of Islamic finance
- On-Exchange Commodity Trades, Exchange Traded Funds and Others
- Documentation requirements and scope for harmonization

Moderator:

– Mr. Andrew White, Director, International Islamic Law & Finance Centre & Associate Professor of Law, Singapore Management University

Panelists/Presenters:

1) Mr. Jamaluddin Nor Mohamad, Director, Islamic and Alternative Markets, Bursa Malaysia Berhad, Kuala Lumpur

2) Mr. Cassim Docrat, Regional Director, DDCAP Limited, Dubai

1:30 PM - 2:30 PM

PRE-CONFERENCE DAY LUNCHEON HOSTED BY MONETARY AUTHORITY OF SINGAPORE