| 08.30 |
Registration, Networking and Morning Coffee |
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| 08.55 |
Opening remarks from the Chair |
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| 09.00 |
ROUBINI GLOBAL ECONOMICS FEATURED GUEST SPEAKER Dr Christian Menegatti, Vice President Global Economic Research, Roubini Global Economics Outlook For 2010 (The Roubini Way)
About Roubini Global Economics
Dr Nouriel Roubini’s 2006 prediction of a looming crash of the global economy, beginning with the U.S. housing market, has focused attention on his unique methodology, an innovative open-sourced technique practised by RGE’s economists to understand the complexities of the modern global economy.
About Dr Christian Menegatti
Christian Menegatti is the vice president of global economic research at Roubini Global Economics. Christian’s areas of expertise are global macroeconomics, the U.S. economy, the U.S. housing sector, monetary policy and capital flows, and foreign-reserve accumulation and management. He holds a PhD in Economics from the University of Venice and a Masters degree in Economics and Finance from Venice International University. Christian makes regular appearances on CNBC, Forbes and Fox Business News and is frequently quoted in the financial press. His research has been quoted by several scholars and institutions including the IMF and the European Commission. |
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| 09.45 |
Keynote Panel Session
Insight From The Shariah Scholars: Breaking Down Some Of The Most Divisive Issues In Islamic Finance With The Leading Shariah Scholars
• Is the quest for universal Islamic finance standards a reasonable one? Is there an alternative?
• Short term liquidity: Are there acceptable alternatives to tawarruq, and what are the challenges in
implementing them?
• Shariah compliant risk management tools: analysing which derivatives are permitted by the four
main schools of Islamic thought
Shariah Scholars
Dr Mohd Daud Bakar
Dr Muhammad Imran Ashraf Usmani
Moderator:
Rushdi Siddiqui, Global Head of Islamic Finance, Thomson Reuters |
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| 11.00 |
Morning Coffee and Networking Break |
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| 11.30 |
Outlook For Islamic Finance: 2010 And Beyond
• The numbers are in: understanding how Islamic financial institutions have fared vs their conventional
counterparts during the worst of the economic downturn
• The “new normal”: the role of Islamic Finance in the new financial landscape
• Prospects for Islamic Finance: pinpointing and exploiting the key drivers of growth for 2010 and beyond
Baljeet Kaur Grewal, Managing Director and Vice Chairman, KFH Research |
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| 12.00 |
Capturing Islamic Finance Growth Opportunities Through Infrastructure And Project Finance
• Exploring Islamic infrastructure financing as the engine of growth for Islamic Finance
• Understanding how infrastructure project financing needs can be met by shariah compliant investors
• Identifying infrastructure investment opportunities across Asia
Johan Bastin, CEO, CIMB Standard
Christophe Mariot, Regional Head Gulf Structured Finance GCC, BNP Paribas |
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| 12.45 |
Advancing Risk Management Capability In Islamic Finance: What Can Islamic Banks Do To Create Tools For Managing Risk While Maintaining Flexibility?
• Outlining parameters for justifying what derivatives are required in Islamic finance
• Identifying other risk management alternatives available to Islamic investors and institutions
• Debating the feasibility of developing a suite of shariah compliant risk management tools that do
not replicate conventional structured products
Dr Hussein A Hassan, Head of Structuring, MENA, Global Markets, Deutsche Bank |
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| 13.15 |
Lunch and Networking Break |
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| 14.15 |
OPEN FORUM
A genuinely open opportunity to quiz your expert panel on any of the issues that have been discussed during the day or any other burning Islamic Finance issues you want to raise – delegates have half an hour to put questions to the expert panel. Delegates will also have the opportunity to submit questions via email in the lead up to the event, and a selection of these questions will also be tackled during the session. The panel will be made up of a selection of the day’s speakers. |
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| 14.45 |
Legal And Regulatory Frameworks: Are The Laws And Regulations Of The GCC Countries Adequate To Support The Development Of The Islamic Finance Industry?
• Is Islamic banking sufficiently different from conventional banking to warrant the issuance of specific
legislation to cover Islamic finance?
• Should the Central Banks and Regulators do more to ensure Islamic investors are adequately
protected in default situations?
• Creating a level playing field to enable Islamic financial institutions to compete with their conventional
counterparts: understanding how some jurisdictions are paving the way for Islamic Finance
Peter Casey, Head of Islamic Finance, Dubai Financial Services Authority (DFSA) |
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| 15.15 |
The Supranational Role: Is There A Case For Coordination Between The Central Banks?
• Are there areas of Islamic Finance which require enforceable cross border regulation, and how
would such regulation be enforced?
• The challenges of settling cross border disputes in Islamic finance
Dr Abdel Gadir Warsama Ghalib, Head of Legal Affairs, Bank of Bahrain and Kuwait |
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| 15.45 |
The Tahawwut Master Agreement: A Standard Framework For Hedging Transactions In The Islamic Finance Industry
• The future of hedging in Islamic banking: understanding the implications of the new standard
framework for the growth of the Islamic Finance industry
• Using the new standard framework to develop hedging products that allow Islamic financial institutions
to manage risk effectively while complying with shariah: how will this framework impact the application
of derivatives in practice?
• What hurdles remain to be addressed before this framework becomes part of the Islamic Finance
establishment?
Ijlal Alvi, CEO, International Islamic Finance Market |
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| 16.05 |
Afternoon Coffee and Networking Break |
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| 16.35 |
Human Capital – The Next Generation: Safeguarding The Islamic Finance Industry For The Long Term
• How will we be assured that there will be consistency among scholars’ views into the next generation?
• Are there adequate development and certification programmes in place to support the creation of a
new wave of elite scholars
• What are the key attributes (knowledge, skills, and behaviours) of the very best Islamic banking
professionals?
• Is it easier to train a banker in shariah or a shariah expert in banking?
• Setting a global benchmark: the case for a single, internationally recognised Islamic finance
qualification and certification
Hussain Ismail, Deputy Director, Bahrain Institute of Banking and Finance
Omar Kalair, President and CEO, UM Financial |
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| 17.15 |
Closing remarks from the Chair |
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| 17.30 |
Close of Main Conference |
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*THE TOPICS PRESENTED AND SPEAKERS IN THIS PROGRAMME ARE SUBJECT TO CHANGE WITHOUT NOTICE |