IIFM-OBA Industry Awareness Seminar (Virtual) on Latest Global Developments Impacting Islamic Finance

Past Event

  • Monday, 7th March 2022
  • 12:00 PM - 03:00 PM
  • Registration are closed for this event.

Program Details

The timing of the event are in Oman local time, GMT +4

12:00 - 12:05

Introductory Remarks

Dr. Ahmad Rufai
Head of Compliance, International Islamic Financial Market (IIFM)


12:05 - 12:20

Welcoming Remarks

Ali Hassan Moosa
Chief Executive Officer, Oman Banks Association

Ijlal Ahmed Alvi
Chief Executive Officer, International Islamic Financial Market (IIFM)


12:20 - 12:30

Keynote Address

Saud Saif Al Busaidi
Acting General Manager Supervision, Central Bank of Oman


12:30 - 12:50

Special Address

Dr. Zamir Iqbal
Vice President (Finance) & CFO, Islamic Development Bank, Jeddah


12:50 - 13:00

STRETCH BREAK


13:00 - 14:15

SESSION 1: IMPACT OF CLIMATE CHANGE

Sustainable Development Goals and the Evolving Financial Landscape

- Environmental, Social and Governance (ESG) considerations for Capital Market and Project Finance
- Green, Sustainable and Transition Sukuk and Financing Solutions
- Sustainability and its impact on Supply Chain
- Potential for Market Disruption and Challenges due to SDG’s implementation timeline

Chairperson:

Stella Cox CBE 
Managing Director, DDCAP Group, London

Panelists:

Dr. Tariqullah Khan
Prof. of Islamic Finance, Istanbul Zaim University

Ahsan Ali
Managing Director and Head of Islamic Origination, Standard Chartered Saadiq, Dubai

Hussam Sultan
Regional Head of Islamic Banking, Commercial Banking, CIMB Islamic Bank Berhad, Kuala Lumpur

Shamzani Mohammed Hussain
General Manager, Meethaq Islamic Banking, Bank Muscat


14:15 - 14:45

SESSION 2: IMPACT OF GLOBAL BENCHMARK RATE REFORMS

Cessation of Inter-Bank Offered Rates (IBORs) and Transition to Risk-Free Rates (RFRs) - Challenges & Solutions for Islamic Finance 

- State of RFRs Implementation and Development of Term-Rates in Global Financial Markets 
- IIFM RFRs Implementation Solutions and Amendment Documentation

Presenters:

Ijlal Ahmed Alvi
Chief Executive Officer, International Islamic Financial Market (IIFM)

Mustafa Adil
Head of Islamic Finance, Data & Analytics, London Stock Exchange Group


14:45 - 15:00

Closing Remarks

Ismail E. Dadabhoy
Advisor, International Islamic Financial Market (IIFM)


15:00

END OF VIRTUAL SEMINAR