Islamic banking, finance and investment management


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Islamic banking, finance and investment management

  1. 1. EUROMONEY SEMINARS The 2nd Annual Islamic Finance Summit ACHIEVING GROWTH THROUGH DEDICATED INNOVATION 21st & 22nd January, The Langham Hilton, London Plus a separately bookable one-day pre-conference workshop on: Islamic banking, finance and investment management Monday 20th January 2003 Euromoney Seminars are proud to present the 2nd Annual Islamic Finance Summit: an unrivalled opportunity to explore the enormous potential for growth in Islamic banking. Innovative products of increasing scope and complexity are attracting greater numbers of investors to Shari’ah compliant instruments and the volume of capital under Islamic management only looks set to increase fast. This Summit gives you a ‘questions and answers’ forum in which you can learn more about the screening of products from the world’s foremost Shari’ah scholars. Keynote addresses from some of the industry’s leading figures will deliver a cutting-edge assessment of the achievements of Islamic banking and the challenges that it faces today. In addition, highly focussed presentations from senior industry players will ensure that you are fully briefed on the most significant deals and the most exciting prospects. The range of topics includes: ♦ The Islamic economic system ♦ Trends in Middle Eastern investment in western ♦ Successful strategies for Islamic fund based Islamic products management ♦ Conventional banks and the Islamic system ♦ New Shari’ah compliant products and services ♦ The growing market for Islamic retail financial ♦ Creating an Islamic secondary market services ♦ Islamic sukuk issues The summit will also offer a great environment for networking with the industry professionals that matter most, and for sharing ideas on an informal basis. For learning, debate and business opportunities, the 2nd Annual Islamic Finance Summit will be a vital experience for both established professionals and those interested in understanding the sector better. Gold Sponsor: First Islamic Investment Bank Silver Sponsor: Oasis Asset Management (Guernsey) Bronze Sponsors: First Investment, Dawnay, Day Global Investment iHilal Financial Services, Global Securities House The International Association for Islamic Economics Plus a separately bookable one-day pre-conference workshop on: Islamic banking, finance and investment management Monday 20th January 2003 Workshop leader: Stella Cox, Managing Director, Dawnay, Day Global Investment, United Kingdom Also featuring: Abdelhak El Kafsi, Managing Director, Islamic Finance Consultants, Bahrain Bryan Kraty, Independent Consultant Topics will include: ♦ Shari’ah compliant structured finance deals ♦ The application of Shari’ah compliant financial contracts to investment and financing opportunities ♦ Identifying and expanding acceptable asset classes for Islamic investment funds ♦ Interacting with Shari’ah authorities ♦ Islamic securitisation ♦ The Islamic markets TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  2. 2. EUROMONEY SEMINARS DAY ONE 08.15 Coffee and Registration ♦ Comparing different markets around the world ♦ Marketing your fund to private and institutional 08.45 Chairman’s welcome and opening investors remarks Basil Al-Nakeeb, Senior Executive Director, First George Kardouche, Senior Advisor, Arab Investment, Kuwait Bankers Association, United Kingdom 11.30 A review of Islamic finance in 2002 and 09.00 Keynote address prospects for 2003 HE Abdulla Hassan Saif, Minister for Finance ♦ A period of re-assessment and re-focusing and National Economy, Bahrain ♦ More conventional bank interest in Islamic finance – from HSBC Amanah to UBS Noriba 09.30 Keynote address: Creating an Islamic Bank economic system ♦ Islamic bank responses to growing conventional presence in the Islamic finance ♦ Developing Industry industry ♦ Developing welfare of people ♦ Challenges facing Islamic equity funds ♦ Creation of jobs ♦ Switching from western to Muslim markets ♦ The essence of Islamic banking and the Islamic ♦ Risk management through Islamic capital system protected funds Sheikh Saleh Kamel, President, Dallah Al Professor Rodney Wilson, Centre for Middle Baraka Group, Saudi Arabia Eastern & Islamic Studies, University of Durham, United Kingdom 10.00 Development of the Islamic banking industry 12.00 The global regulatory environment for Islamic finance ♦ Growth in Islamic investment banking ♦ New entrants into the market ♦ AAOIFI and the move towards regularisation ♦ New products for Islamic institutions ♦ Alternative investments ♦ Regulatory requirements in accounting and ♦ Islamic retail banking: expanding into Europe documentation for Islamic banks and investors and North America in: ♦ Industry consolidation through mergers and ♦ The Middle East acquisitions between older Islamic banks ♦ The Far East ♦ Development of an Islamic capital market in ♦ Europe the Gulf and Malaysia ♦ The United States Atif A. Abdulmalik, CEO, First Islamic Professor Rifaat Abdel Karim, Secretary Investment Bank, Bahrain General, Accounting & Auditing Organisation for Islamic Financial Institutions (AAOIFI), 10.30 Morning Coffee Bahrain 11.00 Successful strategies for Islamic fund 12.30 The First Annual Awards Ceremony for management Innovation in Islamic Banking, hosted by EUROMONEY Magazine ♦ Addressing clients’ priorities ♦ Overcoming practical difficulties 12.45 Lunch ♦ Making the best of Islamic limitations on investment options TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  3. 3. EUROMONEY SEMINARS 14.00 Panel discussion – developing new Islamic products and services 16.15 Creating an Islamic secondary market ♦ Addressing the restrictions that product limitation places on the Islamic finance ♦ Review of current Islamic secondary markets industry ♦ Developing tradeable Shari’ah compliant ♦ The challenges of developing instruments instruments based on Islamic principles ♦ How to create a market with: ♦ Gaining a competitive edge through ♦ Liquidity diversification in product and service options ♦ Rapid, reliable and secure clearing and ♦ Meeting the liquidity mismatch problem processing ♦ Documentation for new products ♦ A harmonised regulatory regime Ramzi Abukhadra, CEO, iHilal Financial ♦ Assessing structures for short-term deposits Services, UAE Henry Thompson, Executive Director, First Duncan Smith, CEO, ABC International Bank Islamic Investment Bank, Bahrain Islamic Asset Management, UK Dr Mohd Daud Bakar, Shari’ah Scholar, International Islamic University, Malaysia 16.45 Panel discussion – Can there be an Islamic Angus Blair, Head of Investments, Al-Rajhi hedge fund? Bank, Saudi Arabia* ♦ What are the mechanics of a traditional hedge 14.45 Trends in Islamic banking and finance fund? ♦ What challenges do they present? ♦ Retail and private banking ♦ What would be the benefits for investors of ♦ Institutional/corporate banking creating an Islamic hedge fund? ♦ How clients' requirements are changing ♦ Approving short-selling and greater levels of ♦ Different and new asset classes leverage ♦ Legal and regulatory issues: disclosure and Iqbal Khan, CEO, HSBC Amanah Finance accounting standards in relation to Shari'ah Moderator: Michael McMillen, Partner, King & 15.15 Islamic equity funds – the long term Spalding, USA solution Eric Meyer, Senior Managing Partner, Meyer Capital Partners, USA ♦ Growth of Islamic investment funds Eric R. Roper, Partner, Gersten, Savage, ♦ Different asset classes Kaplowitz, Wolf & Marcus, USA ♦ Shari’ah guidelines for investing and Sheikh Yusuf Talal DeLorenzo, Shari’ah benchmarking Supervisor, and Director, Yassar Ltd, USA ♦ Portfolio management ♦ Smaller investment universe does not 17.35 Chairman’s closing remarks necessarily imply lower return 17.45 Close of Day One Adam Ismail Ebrahim, CEO, Oasis Asset Mangement (Guernsey), South Africa 15.45 Afternoon Tea TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  4. 4. EUROMONEY SEMINARS DAY TWO 08.15 Coffee and Registration Glenn M. Stewart, General Manager, Algosaibi Trading Co., Bahrain 08.45 Chairman’s welcome and opening remarks Michael McMillen, Partner, King & Spalding, USA 11.20 Changing Times? Shari'ah compliant investment in the international financial 09.00 Keynote address: The Islamic financial environment sector: a Malaysian perspective ♦ Assessing opportunities for Islamic investors Mohd Razif Abd Kadir, Associate Governor, Bank • Maximising the appeal of international asset Negara, Malaysia* classes • What barriers/ disincentives are there for Islamic 9.30 Open Fatwa and Shari’ah panel discussion investors seeking cross-border investments? • Trends in capital flow ♦ Each scholar will give a brief address on • Is there a global market for Islamic financial contemporary issues of importance for Islamic services? finance ♦ The scholars will give responses to audience Stella Cox, Managing Director, Dawnay, Day questions concerning Islamic finance and Global Investment, United Kingdom economics ♦ The scholars will clarify any doubts participants 11.50The growth of Islamic banking in the Saudi may have regarding contracts and Shari’ah financial markets related matters ♦ Baseline size of Islamic versus conventional Moderator: Sheikh Nizam Yaquby, Member of banking Global Securities House Limited, Shari’ah ♦ Consumer products, corporate banking and Supervisory Board, Kuwait project finance ♦ Growth of different Islamic vehicles Justice ® Muhammad Taqi Usmani, Vice ♦ What is driving the growth of the Islamic sector? President, Darul Uloom Karachi, Pakistan ♦ Looking at prospective developments Sheikh Yusuf Talal DeLorenzo, Shari’ah Supervisor, and Partner, Yassar Ltd, USA Brad Bourland, Chief Economist, Saudi American Dr Mohamed A. Elgari, Director of the Centre for Bank, Saudi Arabia Research in Islamic Naveed Khan, Head of Islamic Banking, Saudi Economics, King Abdulaziz University, Saudi American Bank, Saudi Arabia Arabia 12.20 Lunch 10.20 Morning Coffee 13.50 Islamic funds and indexes: prospects and 10.50 Examining elements of Shari’ah contracts in problems comparison to western legal and regulatory practices ♦ Islamic funds and indexes: a symbiotic relationship ♦ Regulatory issues for Islamic mutual funds in the ♦ More is needed: a peer review EU ♦ Constraints on investing Islamically ♦ Contract law questions in the EU and US ♦ Consolidation: too many funds chasing too few ♦ Islamic mudariba structures and partnership law assets TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  5. 5. EUROMONEY SEMINARS ♦ How and why did Islamic funds fail in the UK ♦ Leveraged leases and US? ♦ Trade and construction finance ♦ Do scholars need to revisit the Shari’ah criteria? ♦ Justification of non-Shari’ah compliant elements ♦ Lessons from Socially Responsible Investing in integrated project structures (SRI) Moderator: Craig Hart, Associate, O’Melveny Rushdi Siddiqui, Director, Islamic Market Index, Myers, USA Dow Jones, USA Nadim Khan, Senior Associate, Banking and Project Finance, Norton Rose, Bahrain Michael Duncan, Partner, Allen & Overy, United 14.20 Conventional banks and Islamic finance Kingdom ♦ Analysing the decision to develop an Islamic finance division 16.35 Islamic sukuk issues ♦ Selecting an implementation team and advisory body ♦ Principles of an Islamic sukuk ♦ Competitive advantage of Islamic products within ♦ Looking at Recent sovereign sukuks a conventional set-up ♦ Advantages of issuing an Islamic euro-sukuk ♦ Successfully marketing Islamic products and ♦ Various Formats of Sukuks from listing services perspective ♦ Creating strategic partnerships for competitive ♦ Rating sukuk certificates growth and development in the sector ♦ Listing Requirements for Sukuk on international exchanges John Voss, Vice President, Merrill Lynch, United ♦ Assessing the need for high Investment grade Kingdom Sukuks as alternate liquidity management instrument 14.50 Growth in the market for retail Islamic ♦ Developing the secondary market financial services Saad Zaman, Managing Director, Citi Islamic ♦ Islamic mortgage alternatives Investment Bank, Bahrain ♦ Charge and debit cards Saad Ashraf, Unit Head, Global Islamic Finance, ♦ Auto and other consumer transactions Citigroup, UK ♦ Crossover opportunities ♦ Credit issues 17.05 Case study: Islamic leasing to Emirates ♦ Securitization tools airlines Abdulkader Thomas, President & CEO, SAMAD ♦ The natural place of leasing within the principles American Holding Corp, Principal,, LLC, of Islamic economics USA ♦ Differences in documentation between Islamic and conventional leases 15.20 Afternoon Tea ♦ Scope for development in Islamic leasing structures 15.50 Panel discussion: Islamic Project Finance and Structured Finance in the Middle East Riyaz Peermohamed, Corporate Treasurer, Emirates Airlines, UAE ♦ Evolution of Project Finance / Structured Finance Javed Ahmad, Associate Director, HSBC Amanah in the Middle East: the last five years Finance, United Kingdom ♦ Recent significant transactions: elements that are / are not Shari’ah compliant 17.35 Chairman’s closing remarks ♦ Collateral structures TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  6. 6. EUROMONEY SEMINARS 17.40 Close of Summit* * To be finally confirmed * * TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  7. 7. EUROMONEY SEMINARS REGISTRATION FORM: 2nd Annual Islamic Finance Summit 21 – 22 JANUARY 2003, THE LANGHAM HILTON, LONDON FURTHER INFORMATION REQUEST Please tick box for more detailed information 4 EASY WAYS TO REGISTER Euro. Inv. Grade Corporate Bonds Conf. 2nd Annual European Hedge Funds Conf. Ì Ì FAX: +44 (0)-207-779-8300 Forming the Future of Finance / Euroland Ì TEL: +44 (0)- 207-779-8999 Islamic Finance: A Partnership for Growth Ì Islamic Finance: Innovation & Growth Ì POST: Complete and Return Application Form The Full Range of titles Ì with cheque to: Julian Davies, Hotline, Euromoney Institutional Investor PLC, Nestor House, Playhouse Yard, All bookings are considered binding on the receipt of the London, EC4V 5EX registration form. The registration fee includes participation at the conference and documentation material. Delegates are E-Mail: responsible for their own travel and accommodation arrangements. The programme may change due to unforeseen circumstances. Euromoney Seminars reserves the right to COURSE REGISTRATION alter the venue and/or speakers' Ì I would like to register for Islamic Finance 2003 CANCELLATION POLICY Should you be unable to attend, a substitute delegate may attend the seminar REGISTRATION FEES: in your place at no extra charge. Otherwise the originally registered delegate Ì Conference only = £1095 will be subject to the following refund policy. Full refunds less 10% handling charge are available for all cancellations received in writing (letter Ì Conference and Workshop = £1495 or fax) by 3rd January 2003. Subsequently no refund will be given. Ì Workshop only = £495 Ì Email registration = SAVE £100 (please quote ref id on mail to qualify) *(does not apply to workshop- The course fee includes all tuition, course documentation, only registrants) luncheon, midmorning and afternoon refreshments. Hotel accommodation is not included. Payment must be received before the conference date to guarantee your place. DISCOUNTS - SPONSOR rd th 3 /4 delegate each receive £100 off We wish to register this delegate for the course indicated above. We undertake to pay his/her fee and release him/her registration fee from all company responsibilities for the period of the 5 or more delegates each receive £150 off programme. registration fee Signature....................................................……… Date.............................................................……… Cannot Attend? Please pass on the brochure to a colleague or you can purchase the documentation material. Name...........................................................……… Position......................................................……… Please find enclosed a cheque for £....................... made payable to Euromoney Seminars REGISTRATION FORM - Please print clearly or attach business card Ref id: ISLAM - ME Name: Company: Position: Address : Town: Country: Post/Zip Code: Tel : Fax : E-mail: Please find enclosed a cheque made payable to Euromoney Institutional Investor Plc Invoice me Please charge my card: Amex Visa Mastercard Signature Date Card Number: (exactly as it Expiry Date: appears on the card) Signature Please include billing address if different from address given (e.g. if your credit card bill is sent to your home address). TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL
  8. 8. EUROMONEY SEMINARS Please note that in completing this booking form you undertake to adhere to the cancellation and payment terms. TO ORDER PLEASE CALL THE HOTLINE ON 44-(0)-870-906-2600, FAX 44-(0)-870-906-2601, OR E-MAIL