Supported by 17th Annual
Transcript of Supported by 17th Annual
Keynote Speakers
Jurisdiction Partner
In collaboration with
Platinum Strategic PartnersPlatinum & Transaction Banking Partner
Platinum Strategic Partners
H.E. Rasheed M. Al MarajGovernor
Central Bank of Bahrain
H.E. Abdul Qadeer FirtatGovernor
Central Bank of Afghanistan
Mark MobiusExecutive Chairman
Templeton Emerging Markets Group
Ng Nam SinAssistant Governor (Development)Monetary Authority of Singapore
H.E. Khaled Mohammed Al-AboodiChief Executive Officer & General Manager
The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic
Development Bank Group (IDB), Saudi Arabia
17th Annual
22, 23 & 24 November 2010, The Gulf Hotel, Kingdom of Bahrain
Supported by
WIBC is a MEGA Brand. MEGA Brands. MEGA Clients. Market Leaders. Shaping the Future of the Global Islamic Finance Industry Since 1993Contact us: t:+971 4 343 1200 | f:+971 4 343 6003 | P.O. Box 72045, Dubai | www.megaevents.net
WIBC: For 17 Years the World’s Largest Annual Gathering of Islamic Finance Leaders
WIBC 2010: Building a New Growth Paradigm
“NCB has been a strong supporter of the World Islamic Banking Conference (WIBC) for many years. NCB Group is delighted to join WIBC 2010 as Platinum Strategic Partners highlighting our long history of innovation in Islamic finance. This year’s WIBC comes at a crucial time for the international industry as Islamic financial institutions seek to further advance their successful achievements in the new global financial landscape.”
Abdul-Kareem Abu Al-NasrChief Executive OfficerThe National Commercial Bank
“The WIBC brings together a unique group of global experts to engage in critical discussions about the most pressing issues today. What emerges is superior insight and inspiring advice about our industry, that tends to give every participant a deeper acknowledgement and appreciation for what the future holds. This truly is an invaluable resource for the global industry players”.
Hussain AlQemziGroup Chief Executive OfficerNoor Investment Group and Noor Islamic Bank
“Gatehouse Bank are pleased to once again be supporting the WIBC in 2010. We are excited about the opportunities presented in an improved trade and economic outlook worldwide, and we are keen to explore new territories also where Islamic finance is now gathering strong momentum. As well as providing a forum for natural Islamic jurisdictions in the Middle East and Asia, we welcome its wider global engagement to help move the industry beyond niche to its absolute relevance in the broader financial services spectrum.”
Richard ThomasChief Executive OfficerGatehouse Bank
“Citi and the WIBC have a long standing relationship with the Middle East. By working together we are helping Middle Eastern and international firms of every kind turn challenge into opportunity by bringing you excellent execution, global consistency and local market expertise.”
Steve DonovanManaging Director, Head of Middle East and Pakistan Global Transaction ServicesCiti
“RAM Rating Services is proud to be the sole ratings partner to WIBC, and we look forward to sharing and exchanging views at this largest gathering of Islamic finance leaders. RAM Ratings has an established presence in the sukuk ratings space; we had the privilege of pioneering credit ratings for sukuk in the early ‘90s when sukuk was a market novelty; today, we stand as the global leader with the largest portfolio of sukuk ratings”.
Liza Mohd NoorChief Executive OfficerRAM Rating Services Berhad – Kuala Lumpur, Malaysia
“For Islamic finance to move from 1.0 to 2.0 and from its current $1 trillion state to its deserved level of $2 trillion in the next 5 years, the industry needs paradigm shifting changes. We are observing and actively participating in interesting developments that will move global Islamic finance to that level: from bilateral to multiple liquidity, from fund registration to funds supermarket, from fragmentation to connectivity, from divergence to convergence, and from Islamic finance hub to transaction hub. The World Islamic Banking Conference is an important event for Islamic Finance in this context as it represents the global convergence of multiple stakeholders to create one interconnected transaction hub. As a Knowledge Partner, we look forward to sharing these insights and more at the WIBC 2010 event.”
Rushdi SiddiquiGlobal Head of Islamic Finance & OIC CountriesThomson Reuters
“Luxembourg for Finance (LFF) is a public-private partnership between the Luxembourg Government and the Luxembourg Financial Industry Federation (PROFIL). Its role is to contribute to the development of Luxembourg as an international financial centre by means of a structured international communications policy and by nurturing new business sectors.
LFF supports the development of Luxembourg as an Islamic finance centre, actively promoting its potential as a business hub for Europe and the rest of the world. The Luxembourg market is particularly active in the area of shari’ah compliant investment funds and the listing of sukuk. The World Islamic Banking Conference is an opportune platform for us to showcase the Islamic finance capabilities of Luxembourg. “
Fernand GrulmsChief Executive OfficerLuxembourg for Finance
What the Market Leaders are saying about WIBC 2010
Dear Banking & Finance Leader,
Islamic finance continues to be one of the fastest growing segments in the global financial markets and has become increasingly important in several key countries across the world. Although the Islamic banking and finance industry has achieved considerable success and growth over the past few years, a key challenge is to sustain this growth against a backdrop of a challenging global economic environment. This requires a thorough revision of key strategies and business models taking into consideration the new realities in the global financial landscape.
Strategies for a New Growth Paradigm for Islamic FinanceHosted with the official support of the Central Bank of Bahrain, the 17th Annual World Islamic Banking Conference (WIBC 2010) will be held from the 22nd-24th of November 2010 in Bahrain for leading institutions seeking to “build a new growth paradigm” as they embrace the new world of a fundamentally changing global economy. This year WIBC comes at a critical juncture where the industry leaders are looking to re-assess and re-configure their business models to ensure continued success and growth in the new financial landscape.
Over the past 17 years the World Islamic Banking Conference (WIBC) has firmly established itself as the world’s largest and most influential annual gathering of Islamic finance leaders. As the global Islamic finance industry enters the next phase of growth, the 17th Annual WIBC will feature groundbreaking debates continuing the tradition of supporting growth, excellence and innovation in the international Islamic finance industry.
Innovations @ WIBC 2010The sessions at this year’s WIBC are designed to offer the big picture industry-changing scenarios with the VIP speakers’ list including key industry regulators, CEOs and thought leaders representing key markets across the world. We are delighted to have confirmed H.E. Rasheed M. Al Maraj, Governor, Central Bank of Bahrain; H.E. Abdul Qadeer Firtat, Governor, Central Bank of Afghanistan; and H.E. Khaled Mohammed Al-Aboodi, Chief Executive Officer & General Manager, the Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia, for the inaugural plenary session at WIBC 2010.
CEOs & Industry Leaders’ Power Debate @ WIBC 2010WIBC 2010 will feature an innovative new Power Debate led by internationally respected CEOs and Industry Leaders on the new strategies vital to the success of Islamic finance in the new global financial landscape. Participating Industry Leaders include: Tirad Mahmoud, Chief Executive Officer, Abu Dhabi Islamic Bank; Hussain AlQemzi, Group Chief Executive Officer, Noor Islamic Bank & Noor Investment Group; Samad Sirohey, Chief Executive Officer, Citi Islamic Investment Bank; Ibrahim Hassan, Chief Executive Officer, Maybank Islamic; Dr. Salah Addeen A Qadar Saeed, General Manager – Credit & Risk Management, Bahrain Islamic Bank.
Mark Mobius @ WIBC 2010Another major highlight of WIBC 2010 will be the specially convened Guru keynote session by world renowned investment leader and emerging markets guru, Mark Mobius, Executive Chairman, Templeton Emerging Markets Group on the 24th of November 2010.
WIBC 2010 will also feature the exclusive launch of the eagerly anticipated 2010/11 edition of the World Islamic Banking Competitiveness Report - a WIBC Innovation. Developed in collaboration with McKinsey & Company, the Report will provide a comprehensive update on the competitive performance of the leading Islamic banks and the development of new strategies for the new global financial landscape.
The World Comes to WIBC Initiative – a WIBC Innovation – this year is further set to explore new growth opportunities that are emerging in key global markets. The country focus roundtable and a series of country pavilions will focus on the most dynamically evolving and exciting high-growth markets for Islamic finance. The 17th Annual WIBC will provide a powerful platform for industry leaders seeking to further build their presence in the dynamically evolving global Islamic finance market.
Join the Market Leaders and Shape the Future at WIBC 2010
More than 1,200 industry leaders from over 50 countries are set to gather at the 17th Annual WIBC to benefit from the dynamic debates in the official conference proceedings and network with the market leaders and key regulators along the sidelines of WIBC 2010. Secure your place today and be a part of the discussions that will chart the future of the global Islamic finance industry.
We look forward to meeting you at the 17th Annual World Islamic Banking Conference in Bahrain from the 22nd to the 24th of November 2010.
Yours sincerely,
David McLeanManaging DirectorThe 17th Annual World Islamic Banking ConferenceA MEGA Brand
17th Annual
22, 23 & 24 November 2010, The Gulf Hotel, Kingdom of Bahrain
WIBC 2010 Partners: The Market Leaders are Gathering at WIBC
Ratings Workshop Hosted By
Corporate Exhibitors
Delegate Badge Sponsor
Lanyard Sponsor
Silver Strategic Partners
Bronze PartnersShari’ah Compliance & Supervisory Workshop Hosted by
FEATURING THE UK PAVILION AT WIBC 2010
VIP Networking Host
UK Pavilion
Gold Strategic Partner & Gala Dinner Host
Singapore @ WIBC Hosted by
Gold Strategic Partner & Refreshment Break Host
Gold Strategic Partners
Ratings Partner
Index Partner Islamic Professional Services Partner
Shari’ah Advisory AssociateFinancial Technology Partner Dispute Resolution Partner
Strategic Associate Islamic Financial Services Associate & Award Auditor
Islamic Finance Administration Partner
Investment Management Partner
Strategic Exchange Partner
Leadership PartnerKnowledge PartnerIslamic Retail Banking Partner
Innovation Partner
ShowcasingMultilateral Strategic Partners
Gold Strategic Partner & Conference Luncheon Host Day 2
Showcasing Luxembourg for Islamic Finance
Jurisdiction Partner
Platinum Strategic PartnersPlatinum & Transaction Banking Partner
Platinum Strategic Partners
Supported by
New Insights to Shape the Future: Special Group Delegate Packages
To receive further details on attending the 17th Annual World Islamic Banking Conference please email Andrew Chopra at [email protected]
Join the Market Leaders: Limited Sponsorship & Exhibition Opportunities still available at WIBC 2010
To discuss your specific business needs, please contact Sophie Shah at [email protected]
Exclusive CEO Personal ItineraryAn exclusive VIP Package complimentary for select CEOs of leading organisations available at WIBC 2010. For more details on the CEO Personal Itinerary and how you can be a part of it; please contact Lubna Parkar: [email protected]
WIBC 2010: Building a New Growth Paradigm
Confirmed Speakers at WIBC 2010: Engage the Industry Leaders
Ng Nam SinAssistant Governor (Development)Monetary Authority of Singapore
Mark MobiusExecutive ChairmanTempleton Emerging Markets Group
Sameer AbdiPartner Ernst & Young
Faheem AhmedChief Executive OfficerJCR-VIS Credit Rating Co Ltd, Pakistan
Arif Mohammed Al AlawiFounder, Board Member & Chief Executive OfficerTharawat Investment House
Jawad I. AliManaging Partner – Middle East OfficesKing & Spalding
Khaled AlmaeenaEditor in Chief Arab News
Ijlal A AlviChief Executive OfficerThe International Islamic Financial Market (IIFM)
Sheikh Amin Fateh AmerResident AdvisorMinhaj Shari’ah Financial Advisory
Mahnaz BahramiDirector General, Regulating, Licensing and Anti Money Laundering DirectorateCentral Bank of the Islamic Republic of Iran
Dr. Montassar BenMradExecutive Partner - Leader Financial Services Sector MENAIBM Global Business Services
Todd BenjaminFormer Financial Editor CNN
Farmida BiPartnerNorton Rose LLP
Geert BossuytChief Executive OfficerDar Al Istithmar
Dr. Alberto BrugnoniChairman of the Board ASSAIF
Simone Carminati Senior Vice President & Head of Business DevelopmentBahrain Financial Exchange (BFX)
Jason ConneryDirector, Head of Global Debt Services SalesDeutsche Bank
Mohamed DoniaChief Executive Officer and Co-founderIdeal Ratings
Abdulrazak ElkhraijyExecutive Vice President and the Head of Islamic Banking Development GroupThe National Commercial Bank – Saudi Arabia
Khalid Abdul-Rahman HamadExecutive Director – Banking SupervisionCentral Bank of Bahrain
Stuart HardingVice PresidentDeutsche Bank
Dr. Aznan HasanAssistant Professor & Shari’ah Scholar Ahmad Ibrahim Kulliyyah of Laws
Ibrahim HassanChief Executive OfficerMaybank Islamic
Jamal A. Al-HazeemChief Executive OfficerBMI Bank
Craig HewettChief Business OfficerBahrain Financial Exchange (BFX)
Harris IrfanHead of Islamic Products Barclays Capital and Barclays Wealth
Sriram IyerManaging Director, Head of Global Transaction Banking MENADeutsche Bank
Abradat KamalpourPartner Ashurst LLP
Justice (R) Khalil-UR-Rehman KhanShari’ah Scholar
Dr. Jarmo KotilaineChief Economist NCB Capital
Andrew LeamonDirectorDeutsche Bank Dubai
James MacPhersonChief Executive OfficerBahrain Chamber for Dispute Resolution (BCDR-AAA)
Tahir Mahmood Senior Manager – Islamic MarketsBahrain Financial Exchange
Tirad MahmoudChief Executive OfficerAbu Dhabi Islamic Bank
Raja Teh MaimunahGlobal Head – Islamic MarketsBursa Malaysia
Dr. Saleh J. MalaikahChairmanRusd Investment Bank
Moinuddin MalimChief Executive OfficerMashreq Al Islami
Dr. Abdul Bari MashalGeneral ManagerRaqaba LTD, UK
Nasir Ali Merchant Acting Chief Executive OfficerIIRA
Mohd Razlan MohamedChief Executive OfficerMalaysian Rating Corporation Berhad
Anis MotorwalaHead of Islamic Finance - MEAThomson Reuters
Ashar NazimDirector and Head – Islamic Financial Services Group Advisory Services (IFSG)Ernst & Young Bahrain
Khairul NizamAssistant Secretary - GeneralAAOIFI
Dr. Khawla Al NobaniPartner (Islamic Financial Advisory Services)BDO
Liza Mohd NoorChief Executive OfficerRAM Rating Services Berhad (RAM Ratings)
Hussain AlQemzi Group Chief Executive OfficerNoor Islamic Bank & Noor Investment Group
Raphel de RicaudDirector, Head of Islamic Finance DubaiRothschild
Tariq Al-RifaiDirector Islamic Indexes Dow Jones Indexes
Jonathan Van RooyenDirector – Infrastructure Hastings Funds Management
Dr. Sunando RoyAdviser, Central Bank of BahrainMember of the Board of Directors Professional Risk Managers’ International Association (PRMIA)
Dr. Salah Addeen A. Qadar SaeedGeneral Manager – Credit & Risk ManagementBahrain Islamic Bank
Isam SalahGlobal Head of Islamic Finance Practice GroupKing & Spalding
Suresh SankaranVice President & Director, Strategic Risk ConsultingFiserv
Tariq Al-SamahijiChief Executive Officer, BNP Paribas NajmahGlobal Head, BNP Paribas Islamic Finance and Investments
Dr. Mohamed A. El-SheikhMinhaj Shari’ah Financial Advisory (USA)
Sheikh Muddassir Siddiqui Partner - Head Islamic Finance Middle EastSNR Denton
Rushdi Siddiqui Global Head of Islamic Finance and OIC Countries Thomson Reuters
Samad SiroheyChief Executive OfficerCiti Islamic Investment Bank
Hatim El TahirDirector Deloitte ME IFKC
Richard ThomasChief Executive OfficerGatehouse Bank
Hanuman Tripathi Group Managing DirectorInfrasoft Technologies Limited
Boyd WintonHead of Financial Services Bahrain Economic Development Board
Professor Andrew WhiteDirector, International Islamic Law & Finance Centre, Associate Professor of LawSingapore Management University
H.E. Rasheed M. Al MarajGovernorCentral Bank of Bahrain
H.E. Abdul Qadeer FirtatGovernorCentral Bank of Afghanistan
H.E. Khaled Mohammed Al-AboodiChief Executive Office & General ManagerThe Islamic Corporation for the Development of the Private Sector (ICD), IDB Group
Islamic Banking & The New Global Financial Landscape
In collaboration with
The WIBC Competitiveness Report 2010/11A critical reference source for industry decision makers, providing strategic insights from McKinsey & Company.
The WIBC Competitiveness Report - a WIBC innovation - is a ground-breaking initiative designed to not only identify but also to raise the bar of competitive excellence, strategic leadership and performance improvement in the industry. Now in its 7th year, the Competitiveness Report has rapidly evolved into an indispensable reference resource for the key decision-makers in the global Islamic banking & finance industry. The analysis and insights provided in this year’s Report will be even more critical as it comes at a juncture when the major industry players are seeking to adopt best practices and re-visit key strategies and business models in order to ensure continued growth in a challenging economic environment.
The 2010/2011 World Islamic Banking Competitiveness Report, will examine the overall competitiveness of the sector, including its achievements and the challenges it faces; a new focus on the affluent high-net worth segment of Islamic banking; how to measure “real” performance; and the present and future opportunities in the Takaful market.
Keynote Speaker: Shifting Perspectives from Crisis to Recovery to Sustainable Growth
Mark MobiusMark Mobius is the Executive Chairman of Templeton Emerging Markets Group and currently directs analysts based in Templeton’s 15 emerging markets offices and manages the emerging markets portfolios. He has spent more than 30 years working in emerging markets all over the world and was named by Asiamoney magazine in 2006 as one of their “Top 100 Most Powerful and Influential People.” Asiamoney said, Dr. Mobius “…boasts one of the highest profiles of any investor in the region and is regarded by many in the financial industry as one of the most successful emerging markets investors over the last 20 years… and is influencing the direction of billions of investment dollars.“
“The world is unlikely to slide back into a recession”Speaking ahead of WIBC 2010, Dr. Mobius noted “Since the bottom of the market in early 2009, prices have risen from those very low levels. Nevertheless attractive valuations can be found since, on the average, those valuations are in the middle of their long term range. Economic growth in emerging markets is sustainable in view of their strong fundamentals with high productivity, low debt to GDP ratios, and high foreign exchange reserves.”
International Industry AwardsTo recognize and appreciate market leading initiatives and outstanding achievements in the global Islamic finance industry, the World Islamic Banking Conference features three prestigious and high profile awards:
The WIBC Islamic Banker of the Year AwardOne of the oldest and the most prestigious internationally acclaimed awards in the industry, the WIBC Islamic Banker of the Year Award, for 17 years has recognised revolutionary achievements by executive leaders of the international industry. The award uses a unique peer-based voting system to identify the winner each year, with voting forms sent out to renowned figures from within the industry, and the results are audited by Ernst & Young, the official award auditors.
The WIBC Industry Leadership AwardGiven in recognition of an individual’s outstanding contribution to the Islamic banking & finance industry, this award is presented to an industry figure demonstrating strong leadership qualities & long term strategic impact over the industry.
The WIBC Institutional Excellence AwardThis award was established in 2004 and is presented to an Islamic banking & finance institution that has excelled in key performance criteria.
Critical Research Insights
Innovations at WIBC 2010
Celebrating Excellence
To register for the Mobius Keynote Session contact: [email protected]
The World Comes to WIBC Initiative - a WIBC innovation - is designed to give the international Islamic finance industry a collaborative platform to highlight and discuss key issues the industry is facing across the globe. The international representation of more than 50 countries provides the discussions at WIBC with a truly international perspective.
The World Comes to WIBC Initiative: A Truly Global Gathering
Malaysia Focus at WIBC 2010Featuring for the first time at WIBC 2010 will be a Malaysia Focus representing leading Islamic financial players from Malaysia.
The Monetary Authority of Singapore will again host “Singapore @ WIBC” at WIBC 2010 showcasing Singapore’s recent developments in Islamic banking and finance.
Luxembourg for Islamic Finance Also for the first time, WIBC 2010 will feature an official representation from Luxembourg to showcase exciting developments that are positioning Luxembourg as a centre for Islamic finance.
Ratings Partner Bronze PartnerGold Strategic PartnerShowcasing Luxembourg for Islamic Finance
UK Pavilion
WIBC 2010 will feature a fully-fledged UK pavilion which will showcase the leading institutions from the United Kingdom.
Singapore @ WIBC Hosted by
WIBC 2010: Building a New Growth Paradigm
Conference Day 1: Tuesday 23rd November 2010
08.00 to 09.00 Registration and Refreshments09.00 to 13.00 IIFM Seminar on Hedging and Liquidity Management in Islamic Finance Led by the International Islamic Financial Market (IIFM)
09.00 to 09.05 Recitation of the Holy Quran09.05 to 09.15 Welcome Remarks
Khalid Abdul-Rahman Hamad, Executive Director-Banking Supervision, Central Bank of Bahrain & IIFM Chairman Hedging In Islamic Finance09.15 to 09.40 Tahawwut (Hedging) Master Agreement – Introduction
• Significanceoftheframeworkmasteragreement• Shari’ahprinciplesonwhichthemasteragreementisbased• DisclaimerIjlal Ahmed Alvi, Chief Executive Officer, IIFM
09.40 to 10.10 Tahawwut Master Agreement – Key Features• Architecture• Representations• TypesofTransactions(Concluded&DesignatedFutureTransactions)• EarlyTerminationandClose-OutNetting• GoverningLawandDisputeResolution• LawReforminIslamicjurisdictionsHabib Motani, Partner, Clifford Chance LLPPeter Werner, Senior Director, ISDA
10.10 to 10.45 Tahawwut Master Agreement – Next Steps (Standardization Of Hedging Products And Related Documentation)• BackgroundonHedging/RiskMitigationrequirementforIslamicFinancialInstitutions• RoleofTahawwutMasterAgreementanditsBenefitstoFinancialInstitutions• KeyHedgingProductstoManageAsset&Liability• TypesofExposureswhereHedgingisrequiredSimon Eedle, Global Head-Islamic Banking, Credit Agricole CIBPeter Werner, Senior Director, ISDAHabib Motani, Partner, Clifford Chance LLPIjlal Ahmed Alvi, Chief Executive Officer, IIFM
10.45 to 11.15 Refreshment and Networking Break Liquidity Management In Islamic Finance11.15 to 12.00 IIFM Master Wakala Agreement
• UnrestrictedandRestricted• AssetManagementProductorOn-BalanceSheetLiquidityManagementtool• JurisdictionalApproaches/RegulatoryRegimes• SignificanceofOperationalProcess• LegalRulingsLilian Le Falher, Treasury, FI’s, DCM & Asset Management, Kuwait Finance House-BahrainQudeer Latif, Partner-Head of Islamic Finance, Clifford Chance LLPIjlal Ahmed Alvi, Chief Executive Officer, IIFMMuddassir H. Siddiqui, Head of Islamic Finance Middle East, SNR Denton& Co
12.00 to 12.45 Alternative to Repo in Islamic Finance and Role of Collateralization• LessonslearntfromConventionalRepo• AlternativeRepoStructuresandPossibilities• ThreePartyStructure• RoleofCollateralizationIsmail Dadabhoy, Executive Director, Head of Islamic Finance, UBS AGHabib Motani, Partner, Clifford Chance LLPIjlal Ahmed Alvi, Chief Executive Officer, IIFMFawad Hussain, Senior Director-Head of Islamic Finance, Royal Bank of Scotland
12.45 to 13.00 Questions and Closing Remarks13.00 to 14.15 Pre-Conference Day Luncheon
14.30 to 16.30 Ratings Workshop Led by The Islamic International Rating Agency (IIRA)
14.30 to 14.45 Session 1: Introduction of IIRA and its Services Speaker: Nasir Ali Merchant, Acting Chief Executive Officer14.45 to 15.15 Session 2: Launch of Fiduciary Rating, its Necessity and Methodology Speaker: Faheem Ahmed, Chief Executive Officer, JCR-VIS Credit Rating Co. Ltd., Pakistan15.15 to 15.30 Refreshment & Networking Break15.30 to 15.45 Session 3: Role of Ratings in the Development of Malaysian Capital Markets Speaker: Mohammed Razlan Mohammed, Chief Executive Officer, Malaysian Rating Corporation Berhad 15.45 to 16.00 Session 4: Role of Ratings in the Development of Capital Markets in Pakistan Speaker: Faheem Ahmed, Chief Executive Officer, JCR-VIS Credit Rating Co. Ltd., Pakistan16.00 to 16.15 Session 5: Importance of Ratings for the Development of Arab Capital Markets16.15 to 16.45 Session 6: Question and Answers16.45 Close of Pre-Conference Day
14.30 to 16.45 Evolution of Murabaha: From Physical To Electronic Trading Led by Bahrain Financial Exchange
Presenters: Simone Carminati, Senior Vice President & Head of Business Development Tahir Mahmood, Senior Manager – Islamic Markets
14.45 to 15.15 Murabaha Characteristics, History & Terminology15.15 to 15.30 Refreshment & Networking Break15.30 to 15.45 Sale Based Transactions15.45 to 16.15 Commodity Murabaha and Metal Warrants16.15 to 16.45 Latest Innovation, Murabaha Electronic Matched Transaction16.45 Close of Pre-Conference Day
08.00 to 09.00 Registration and Refreshments09.00 to 12.30 The Middle East Debt Market : Restructure, Refocus and Refine Led by Deutsche Bank
Moderator:Jason Connery, Director, Head of Global Debt Services Sales, Deutsche Bank
09.00 to 9.15 Opening RemarksSriram Iyer, Managing Director, Head of Global Transaction Banking MENA, Deutsche Bank
09.15 to 10.15 Session 1: Restructuring ReviewRaphael de Ricaud, Director, Head of Islamic Finance Dubai, RothschildLewis Jones, Vinson & ElkinsStuart Harding, Vice President, Deutsche Bank
10.15 to 10.45 Session 2: Sukuk Development - Going LocalAndrew Leamon, Director, Deutsche Bank Dubai
10.45 to 11.15 Refreshment & Networking Break
11.15 to 12.15 Session 3: Market Refinements - What’s Next?Raphael de Ricaud, Director, Head of Islamic Finance Dubai, RothschildLewis Jones, Vinson & ElkinsAndrew Leamon, Director, Deutsche Bank Dubai
12.15 to 12.30 Questions / Closing Remarks13.00 to 14.15 Pre-Conference Day Luncheon
08.00 to 09.00 Registration and Refreshments09.00 to 13.00 Shari’ah-Compliant Fund of Funds Investments and Asset Allocation Workshop Led by Ideal Ratings & Thomson Reuters
10.45 to 11.15 Refreshment & Networking Break
Speakers: Mohamed Donia, Chief Executive officer and co-founder, Ideal Ratings Anis Motorwala, Head of Islamic Finance - MEA, Thomson Reuters
This workshop has been specifically designed to provide the participants with all the knowledge and tools needed to be able to screen and score investments including Fund of Funds, Multi-asset investment funds including equities and Sukuks from a Shari’ah-compliance as well as performance perspective. Within this extensive workshop you will explore the fundamentals and processes of successful Shari’ah-compliant Fund Management and Asset Allocation indicating the infrastructural requirements as well as stakeholders involved.
This workshop will help to:•UnderstandthefundamentalprinciplesofIslamicFundManagement•Understandtheinfrastructuralandinformationrequirements•IncreasecompliancecredibilityofyourShari’ah-compliantFundsandFundofFunds•GainexperienceinmanagingShari’ah-compliantFundofFunds•UnderstandtheStakeholderRequirementsinaFundofFundStructure•Gainpracticalexperiencethroughcasestudiesandsystemsoverviews
13.00 to 14.15 Pre-Conference Day Luncheon
Pre-conference Executive Briefings and Workshops: Monday 22nd November 2010Morning Parallel Workshops
Afternoon Parallel Workshop
Afternoon Parallel Workshop
Conference Agenda WIBC 2010 Tackling the Key Issues
OR
OR
Continued...
08.00 to 09.00 Registration and Refreshments
09.00 Official Opening of the 17th Annual World Islamic Banking Conference (WIBC 2010)
09.00 to 09.05 Reading from the Holy Q’uran
09.05 to 09.10 Introductory Remarks
09.10 to 09.15 Moderator’s Welcome & Opening Remarks Moderator: Todd Benjamin Former Financial Editor, CNN
09.15 to 10.00 Session 1: Inaugural Plenary Session: Regulatory Perspectives - Strengthening Industry Foundations to Sustain Growth in a Challenging Climate
Speakers: H.E. Rasheed M. Al Maraj Governor Central Bank of Bahrain
H.E. Abdul Qadeer Firtat Governor Central Bank of Afghanistan
H.E. Khaled Mohammed Al-Aboodi Chief Executive Officer & General Manager The Islamic Corporation for the Development of the Private
Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia
Key Discussion Points:• Lessonslearntfromtheglobalfinancialcrisis:Ensuringfinancialstability• Creatingamorerigorousandrobustarchitecture• Managingrisk:Overcomingliquidityriskandthehighconcentrationofriskin
real estate• Assessingnewinternationalregulatorydevelopments
10.00 to 10.45 Session 2A: Keynote Plenary Session: CEOs & Industry Leaders’ Power Debate– Building a New Growth Paradigm
Session Moderator: Khaled Almaeena Editor in Chief Arab News
Debaters: Tirad Mahmoud Chief Executive Officer Abu Dhabi Islamic Bank
Hussain AlQemzi Group Chief Executive Officer Noor Islamic Bank & Noor Investment Group Samad Sirohey Chief Executive Officer Citi Islamic Investment Bank
Ibrahim Hassan Chief Executive Officer Maybank Islamic
Dr. Salah Addeen A Qadar Saeed General Manager – Credit & Risk Management Bahrain Islamic Bank
Key Discussion Points:• Islamicfinanceandthenewglobalfinanciallandscape:Howcanstrong
growth be sustained into the future?• TheoutlookforIslamicfinance:Hasthemarketreboundedandarewenowin
a healthy recovery for Islamic banking?• Wherewillnewgrowthcomefrom?• Towardsanenhancedanddiversifiedbusinessmix:Assessinggrowth
prospects for the consumer banking, corporate banking and investment banking markets
• Exploringnewgeographichigh-potentialmarkets:ExpandingtheInternationalisation of Islamic finance
• ManagingthepressureontheprofitabilityofIslamicbanks
10.45 to 10.55 Session 2B: Assessing the Future Direction and Key Developments in the Islamic Banking Industry
Session Moderator: Khaled Almaeena Editor in Chief Arab News
Keynote Speaker: Abdulrazak Elkhraijy Executive Vice President and the Head of Islamic Banking Development
Group The National Commercial Bank – Saudi Arabia
11.00 to 11.30 The World Islamic Banking Exhibition: Official Opening & Networking Break
11.30 to 11.45 Session 3A: The Launch of the WIBC Competitiveness Report 2010/11 Conducted by McKinsey & Company
A comprehensive update on the competitive performance of the leading Islamic banks and the development of new strategies for the new global financial landscape.
In collaboration with
Parallel Session
(11.30 to 12.15) Session 3B : UKTI Roundtable (Venue: Al Murjan)
11.45 to 11.55 Session 4: The Changing Nature of Leadership in the New Economic Environment
Speaker: Dr. Montassar BenMrad Executive Partner - Leader Financial Services Sector MENA IBM Global Business Services
Key Discussion Points: • InsightsfromtheIBMstudyCapitalizing on Complexity, which featured over
1500 face-to-face interviews—the largest known study of its kind with CEOs from companies of all sizes across 60 countries, representing 33 industries
• Today,CEOsaretellingusthatthecomplexityofoperatinginanincreasinglyvolatile and uncertain world is their primary challenge
• Inaworldfraughtwithuncertainty,whataretoday’sCEOsdoingtostrengthentheir position against competitors?
• Howareleadersdealingwiththislevelofcomplexity?Whatstrategiesarethemost successful organizations employing to tap into new opportunities, and overcome the barriers to growth?
11.55 to 12.40 Session 5A: Defining the Next Stage of Industry Evolution: New Market and Product Strategies for New Economic Realities
Session Chair: Rushdi Siddiqui Global Head of Islamic Finance and OIC Countries Thomson Reuters
Speakers: Tariq Al-Samahiji, Chief Executive Officer, BNP Paribas Najmah Global Head, BNP Paribas Islamic Finance and Investments.
Raja Teh Maimunah Global Head – Islamic Markets Bursa Malaysia
Craig Hewett Chief Business Officer Bahrain Financial Exchange (BFX)
Jonathan Van Rooyen Director – Infrastructure Hastings Funds Management
Key Discussion Points:• Beyondthecrisis:Howwilltheindustryevolve?• TheneedforstresstestinginIslamicfinance• Re-thinkingthebusinessmodelandvalueproposition• ProductinnovationandthenextgenerationofIslamicfinancesolutions
Islamic Banking & The New Global Financial Landscape
08.00 to 09.00 Morning Refreshments
09.00 to 09.05 Moderator’s Opening Remarks Moderator: Todd Benjamin Former Financial Editor, CNN
09.05 to 09.15 Session 9: Opening Keynote Address: Catalysing the Growth of Islamic Finance in Asian Markets
Keynote Speaker: Ng Nam Sin Assistant Governor (Development) Monetary Authority of Singapore
09.15 to 09.35 Session 10: Opening Session: Upgrading Regulatory Frameworks and Risk Management Capabilities: New Approaches to Ensure Stability, Recovery and Growth for Islamic Banking and Finance
Speakers: Khalid Abdul-Rahman Hamad Executive Director – Banking Supervision Central Bank of Bahrain
Mahnaz Bahrami Director General - Regulating, Licensing
and Anti Money Laundering Directorate Central Bank of the Islamic Republic of Iran
Key Discussion Points:• Whatneedstobefixedincurrentregulatoryarchitectures?• Assessingnewinternationalregulatorydevelopments• Newapproachesformanagingliquidityrisk• Ensuringriskdiversificationbeyondrealestate
09.35 to 10.35 Session 11A: Keynote Plenary: Shifting Perspectives From Crisis to Recovery to Sustainable Growth – Addressing New Realities in the Global Financial System and Implications for Islamic Banks
(09.35 to 09.40) Session Introducer: Harris Irfan Head of Islamic Products Barclays Capital and Barclays Wealth
(09.40 to 09.50) Keynote Speaker: Dr. Saleh J. Malaikah Chairman Rusd Investment Bank
(09.50 to 10.25) Guru Speaker: Mark Mobius Executive Chairman Templeton Emerging Markets Group
(10.25 to 10.35) Audience – Q&A by Todd Benjamin
09.45 to 11.45 Session 11B: Closed Door Meeting: RAM Rating Services Berhad (RAM Ratings) (by invite only)
10.35 to 11.05 The World Islamic Banking Exhibition Viewing & Networking Break
11.05 to 11.25 Session 12: Towards Industry Standardization
(11.05 to 11.15) Session 12A: Standardizing Market Practices
Speaker: Ijlal A Alvi Chief Executive Officer The International Islamic Financial Market (IIFM)
(11.15 to 11.25) Session 12B: Standardizing Accounting Practices
Speaker: Khairul Nizam Assistant Secretary - General AAOIFI
11.25 to 12.00 Session 13A: The Islamic Corporate & Investment Banking Summit: Shifting Gears – New Strategies for a New Business Landscape
Speakers: Richard Thomas Chief Executive Officer Gatehouse Bank
Arif Mohammed Al Alawi Founder, Board Member & Chief Executive Officer Tharawat Investment House
Key Discussion Points:• AssessingtheaftermathoftheglobalfinancialcrisisontheIslamicinvestment
banking industry • WhatarethefutureopportunitiesfortheIslamicwholesalebankingindustry?• TheroleoftheindexinIslamicinvestments• TheoutlookforIslamicwealthmanagement• Islamicassetmanagement:Gainingnewmomentumbeyondthecurrent
industry stagnation?
(11.25 to 12.50) Session 13B: CEO Closed Door with Mark Mobius (by invite only) For more details please contact: [email protected]
Parallel Session
(11.25 to 12.10) Session 13C: Ernst & Young: World Takaful Report 2010 (Venue: Exhibition Hall, Basement level – Convention Centre)
In collaboration with
Presented by: Ashar Nazim Director and Head – Islamic Financial Services Group Advisory Services (IFSG) Ernst & Young Bahrain
12.00 to 12.20 Session 14A: Issuers and Investors Debate: Ensuring the Revival of the Sukuk Market
Session Chair: Jawad I. Ali Managing Partner – Middle East Offices King & Spalding
Panelists: Liza Mohd Noor Chief Executive Officer RAM Rating Services Berhad (RAM Ratings)
Geert Bossuyt Chief Executive Officer Dar Al Istithmar
Dr. Jarmo Kotilaine Chief Economist NCB Capital
Key Discussion Points:• ArewenowheadingtowardsasustainedrecoveryintheSukukmarket?• ManagingSukukdefaults:Creatingclearprecedentsandmechanismsfor
handing defaults• Tacklinglegalconstraints• HowwilltheinfrastructureinvestmentpipelinebeakeydriverofSukuk
growth?• Theoutlookfornewsovereignandcorporateissues
Parallel Session
(12.00 to 12.40) Session 14B: Interactive Debate on Industry Standardization (Venue: Al Murjan)
Panelists: Ijlal A Alvi Chief Executive Officer The International Islamic Financial Market (IIFM)
Khairul Nizam Assistant Secretary - General AAOIFI
12.20 to 12.40 Session 15: Roundtable Debate: Revisiting Risk Management & Legal Imperatives
Session Chair: James MacPherson Chief Executive Officer Bahrain Chamber for Dispute Resolution (BCDR-AAA)
Panelists: Tariq Al-Rifai Director Islamic Indexes Dow Jones Indexes
Hatim El Tahir Director Deloitte ME IFKC
Suresh Sankaran Vice President & Director Strategic Risk Consulting Fiserv
Dr. Sunando Roy Adviser, Central Bank of Bahrain Member of the Board of Directors, Professional Risk Managers’
International Association (PRMIA)
Key Discussion Points:• Refreshingriskmanagementcapabilitiesintheaftermathoftheglobal
financial crisis• Riskcompliance:EmergingrequirementsforIslamicbanks• TheroleofRatingsinupgradingriskmanagement• Legalrequirementsandissues• Islamicindexesandriskmitigation• Arbitration&mediation:Salientshari’ahissuesandperspectives
12.40 to 13.10 Session 16: The Islamic Retail Banking Summit: Capturing the Consumer Banking Opportunity
Speakers: Jamal A. Al-Hazeem Chief Executive Officer BMI Bank
Moinuddin Malim Chief Executive Officer Mashreq Al Islami
Hanuman Tripathi Group Managing Director Infrasoft Technologies Limited
Key Discussion Points:• AssessingthecurrentpositionandfutureprospectsoftheIslamicconsumer
banking market • TheoutlookforfuturegrowthinIslamicretailbanking• Howtonavigatethroughchallengingtimes–Fromtheemergingtothe
consolidation phase of development for Islamic consumer banking• Drivingrenewedgrowththroughnewretailproductinnovation
13.10 to 13.40 Session 17: Country Focus Roundtable: Exploring New International Growth Markets for Islamic Finance
A roundtable debate featuring a panel of international experts will address how well positioned Islamic banks can explore international growth opportunities in countries with sufficient target population, strong un-met demand and feasible market entry based on competitive environment and regulatory climate. A special focus on:
AsiaSingaporeMalaysia
Azerbaijan
Middle EastUAE
Bahrain
EuropeUK
Italy
North AmericaUSA
Session Chair: Boyd Winton Head of Financial Services Bahrain Economic Development Board
Panelists: Dr. Alberto Brugnoni Chairman of the Board ASSAIF
Isam Salah Global Head of Islamic Finance Practice Group King & Spalding
Professor Andrew White Director, International Islamic Law & Finance Centre Associate Professor of Law, Singapore Management University
Key Discussion Points:• WhatinitiativesareunderwayinkeyemergingmarketsforIslamicfinance?• ExaminingtheappetiteandpotentialforIslamicfinanceinnon-Islamic
countries • KeyinsightsintonewdevelopmentsinIslamicbankinginUK,USA,Singapore,
Malaysia, Azerbaijan, Bahrain, U.A.E, Italy.
13.40 to 13.45 Moderator’s Closing Remarks
13.45 to 15.00 Conference Luncheon hosted by Cappinova Investment Bank
15.00 Close of the 17th Annual World Islamic Banking Conference
Conference Day 1 Agenda continues...
Conference Day 2: Wednesday 24th November 2010
Conference Agenda WIBC 2010Building a New Growth Paradigm
Parallel Session
(11.55 to 12.30) Session 5B: Ernst & Young Islamic Funds & Investments Report 2010 (IFIR)
(Venue: Exhibition Hall, Basement level – Convention Centre)
In collaboration with
Presented by: Ashar Nazim Director and Head - Islamic Financial Services Group Advisory
Services (IFSG) Ernst & Young Bahrain
12.40 to 13.00 Session 6: Interactive Panel Debate: Controversies in Islamic Finance - Lessons Learnt?
Session Leader: Sameer Abdi Partner Ernst & Young
Panelists: Richard Thomas Chief Executive Officer Gatehouse Bank
Rushdi Siddiqui Global Head of Islamic Finance and OIC Countries Thomson Reuters
Harris Irfan Head of Islamic Products Barclays Capital and Barclays Wealth
13.00 to 13.30 Session 7: The Shari’ah & Business Open Forum: Addressing Key Shari’ah Challenges – Towards Standardisation
of Shari’ah Rulings
Session Chair: Abradat Kamalpour Partner Ashurst LLP
Panelists: Justice (R) Khalil-UR-Rehman Khan Shari’ah Scholar
Sheikh Amin Fateh Amer Resident Advisor Minhaj Shari’ah Financial Advisory
Dr. Mohamed A. El-Sheikh Minhaj Shari’ah Financial Advisory (USA)
Dr. Khawla Al Nobani Partner (Islamic Financial Advisory Services) BDO
Shaikh Muddassir Siddiqui Partner Head, Islamic Finance – Middle East SNR Denton
Dr. Aznan Hasan Assistant Professor & Shair’ah scholar Ahmad Ibrahim Kulliyyah of Laws
Key Discussion Points:• Towardsinternationalharmonisation• Stepstowardsachievingcrossborderproductstandardisationandacceptance
13.35 to 14.50 Conference Luncheon hosted by the Central Bank of Bahrain
15.00 to 16.00 Session 8A: New Research Presentation: Retail Banking in the Islamic Financial Institutions, Challenges and Opportunities
(Venue: Al Murjan)
Speaker: Dr. Abdul Bari Mashal General Manager Raqaba LTD, UK
Parallel Session
(15.00 to 16.00) Session 8B: Women in Islamic Financehosted by Norton Rose (Venue: VIP Room)
Informal networking event for women: This session will allow women in the Islamic finance industry to meet and exchange their views and experiences.
Speaker: Farmida Bi Partner Norton Rose LLP
19.30 Gala Dinner hosted by Kuwait Finance House - Bahrain (19.50) International Industry Awards Ceremony
21.00 Close of Day 1
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Venue: The Gulf International Convention CentreGulf Hotel, Kingdom of Bahrain
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