Past Event
Waleed Al Awadhi, Executive Director, Supervision Sector, Central Bank of Kuwait
Khalid Hamad Abdulrahman Hamad, Executive Director of Banking Supervision, Central Bank of Bahrain and Chairman of IIFM
– About IIFM and other Standard-Setting Bodies for Islamic Finance
– Benefits of IIFM Standards to Financial Institutions and Regulators
– IIFM Published Standards on Islamic Hedging and Liquidity Management
– Implementation of IIFM Standards
– IIFM Upcoming Standards on Trade Finance and Sukuk
Presenter:
Ijlal Ahmed Alvi, Chief Executive Officer, IIFM
Overview: The purpose of the session is to discuss the risk management at the Islamic banks and the need forShariah-compliant hedging techniques. It will cover the key risks faced by the Islamic banks and their risk management and governance. The session will also cover the supervisory perspective on the usage of such Shariah-compliant hedging techniques by the Islamic banks and regulatory requirements set out by the supervisory authority.
– Key risks such as credit risk, counterparty, operational including legal, rate of return risk and foreign exchange risk
– Aggregated risk analysis and risk management
– Risk management governance and tools
– Supervisory monitoring and regulatory capital of Shariah-compliant hedging techniques
– Supervisory review process for risk management
Moderator:
Abdullah Al-Mehri, Manager, Off-Site Supervision, Central Bank of Kuwait
Speakers:
Dr. Jamshaid Anwar Chattha, Chief Banking Researcher, Islamic Finance Expert, Off-Site Supervision, Central Bank of Kuwait
Mohamed Omarah, Head of Legal and Governance for Middle East & Africa (MEA), Crédit Agricole CIB, Dubai
Majed Fanous, Chief Risk Officer & General Manager-Risk Management, Boubyan Bank, Kuwait
– Introduction to Islamic Hedging and Market Requirements
– Key Technical Aspects (legal, operational & Shariah) of the ISDA/IIFM Tahawwut Master Agreement
– Key Technical Aspects of the ISDA/IIFM Islamic Hedging Product Confirmations
> Islamic Profit Rate Swap
> Islamic Cross Currency Swap
> Islamic FX Forward
– Purpose and Key Technical Aspects of the ISDA/IIFM Islamic Credit Support Deed for Cash Collateral (Variation Margin)
– Legal Opinions on Tahawwut Master Agreement
– Regulatory & Law Reforms in Islamic Jurisdictions
Moderator:
Ahsan Ali, Managing Director and Head of Islamic Origination, Standard Chartered Bank, Dubai
Speakers:
Ijlal Ahmed Alvi, Chief Executive Officer, IIFM
Dr. Peter Werner, Senior Counsel, International Swaps & Derivatives Association (ISDA), London
Habib Motani, Partner, Clifford Chance LLP, London
– Overview of the Global Sukuk Market – Key Findings of the IIFM Sukuk Report 2018
> Domestic and International Issuances
> Types of Issuers
> Structural Preferences
– Innovation in Sukuk (SRI, Green and Gold Sukuk)
– Development of Corporate Sukuk Market in Sukuk Issuing Countries
– Challenges in Issuing Sukuk from Market, Legal and Regulatory Perspective
– Sukuk Default and Restructuring – Lessons Learnt
Moderator:
Abdullah Al-Haddad, Chief Investment Banking Officer, KFH Capital Investment Company, Kuwait
Speakers:
Ijlal Ahmed Alvi, Chief Executive Officer, IIFM
Ahsan Ali, Managing Director and Head of Islamic Origination, Standard Chartered Bank, Dubai
Xuan Jin, Senior Associate, White & Case LLP, Dubai
1) Islamic Alternative to Repo – IIFM Rahn based Liquidity Management Standard
– Introduction to Collateralized Murabahah & Market Requirements
– Key Technical Aspects (legal, operational & Shariah) of the IIFM Master Collateralized Murabahah Agreement
– Use by Regulators to provide Liquidity Management tool
2) IIFM Unrestricted Wakalah Standard
– Key Technical Aspects (legal, operational & Shariah) of the IIFM Inter-Bank Unrestricted Master Investment Wakalah Agreement and Operational Guidance Memorandum
– Accounting Assessment for IIFM Unrestricted Wakalah Standard
– Benefit to Regulators in providing Shariah compliant liquidity management solutions
Moderator:
Moinuddin Malim, Managing Partner, Alternative International Management Services (AIMS), Dubai
Speakers:
Ismail Dadabhoy, Advisor, IIFM
Lilian Le Falher, Executive Manager, Head of Treasury and Capital Markets & Corporate Banking Group, Kuwait Finance House (Bahrain)
Habib Motani, Partner, Clifford Chance LLP, London