Customer Service Have a question about this event? Customer Service representatives are available to help from 8 AM - 6 PM EST Call 888-670-8200 Need Technical Assistance With this Website? Send an email to IIR's Web Department | CancellationThe International Islamic Finance Forum - North America has been cancelled. For more information, please contact IIR's Customer Service at 888-670-8200. Agenda Day Two| MAIN CONFERENCE DAY TWO, Thursday, October 23, 2008 | | 8:30 - 9:00 | | Registration and Morning Coffee | | 9:00 - 9:15 | Chairman’s Remarks Rushdi Siddiqui, Global Director, DOW JONES ISLAMIC INDEX | | 9:15 - 10:00 | Vision from Malaysia – Formulating a Global Framework for an Ethical Islamic Finance Industry
- Making Islamic financial services an essential and competitive component in building global markets to ensure the future growth of Islamic finance
- Building ethics into regulatory frameworks and financing projects while offering competitive and innovative products and services for a global Islamic finance constituency
- Developing a global network for alternatives to conventional credit, lending, investing and leveraging practices
- Instilling trust and sophistication in the finance system through partnerships with Islamic financial institutions
Datuk Seri Anwar Ibrahim, former Malaysian Deputy Prime Minister (1993-1998) & Minister of Finance (1991-1998) | | 10:00 - 11:00 | | Investment, Financing & Banking | Generating Increases in Islamic and Conventional Wealth by Establishing Islamic Banking and Financial Products for Markets - Increasing social and infrastructure investment using Islamic principles brought to market through regulatory and oversight adaptations
- Negotiating the legal, regulatory, and financial agreements termed in Islamic principles
- Securing a financial system’s capital diversity by creating Islamic structured products and making them available to distressed communities and institutions
- Considering the ethical, regulator and oversight implications in approving Islamic agreements
Moderator: Mr. Rushdi Siddiqui, Global Director, DOW JONES ISLAMIC INDEX Datuk Seri Anwar Ibrahim, former Malaysian Deputy Prime Minister (1993-1998) & Minister of Finance (1991-1998) Mr. Phelan Hill, Head – Islamic Finance Tax Policy, HM TREASURY, UK Mr. Eric Meyer, CEO, SHARIAH CAPITAL Mr. Christian Stoiber, Head – Product Development, BARCLAYS BANK | | 11:00 - 11:30 | | Morning Break | | 11:30 - 12:00 | How Do Ratings Agencies Evaluate Sukuk in the Current Market and Establish a Balanced Market Discipline for Sukuk? - Does the Islamic bonds industry need to move toward more conventional standardization or will it benefit from taking a rigorous Islamic approach?
- Is an Islamic approach feasible in North America?
- Analysis of the market for sukuk in North America and how a rating agency performs its methodologies
- Raising awareness on leveling of opinion from shariah scholars regionally
Mr. Paul Coughlin, Executive Managing Director, STANDARD & POOR’S | | 12:00 - 12:40 | Creating Islamic Banks and Islamic Windows
- Create an Islamic window for your financial organization and enable financial deals with Islamic investors at home and around the globe
- How the underlying religious principles of Islamic finance and Islamic banking operations promote and secure wealth
- Building the global risk assessment and management system for Islamic investors
- Develop and distribute shariah finance products that can be sold to Muslim and non-Muslim consumers and institutions looking for ethical investment and banking alternatives
Dr. Saiful Azhar Rosly, Professor of Economics, INCEIF and Director, EON CAPITAL ISLAMIC BANK Ms. Yasmin Abdel Razik, Financial Analyst, Ministry of Finance, EGYPT | | 12:40 - 1:45 | | Lunch | | 1:45 - 2:30 | Developing Islamic REITs to Support a Profitable Islamic Sukuk Industry and Expand Islamic Financial Services
- How can a REIT be used to substitute non-Islamic Treasury bonds, thereby avoiding interest, or riba?
- Where do investors source assets and the funds for seeding an Islamic real estate investment trust?
- How do partners assure asset-backed security for investments in shariah financial instruments?
- Is it possible to transform conventional REITs into shariahcompliant structures with shariah advisory board approval?
Moderator: Mr. Naveed Siddiqui, CEO, ZAYAN FINANCE Mr. Monem Salam, CEO, SATURNA CAPITAL Mr. Humayon Sohel, Secretary, AMEEN HOUSING Mr. Aqeel Anwar, CEO, ANWAR GLOBAL PROPERTIES | | 2:30 - 3:10 | Securing Greater Investment in Projects and Corporate Financing by Incorporating Islamic Agreements into the Global Financial System
- Establishing a common Islamic financial toolkit to offer financial services across all industries
- Training finance experts to conduct deals in Islamic private equity; real estate; corporate financing; trusts; sukuk and Islamic securitization
- Tapping the MENA; European; Southeast Asia markets to structure profit-sharing financial agreements
- Introducing alternative investment to a market that seeks real assets and silent partner ownership
Mr. Michael McMillen, Chair, Islamic Legal Forum, AMERICAN BAR ASSOCIATION, Partner and Head of the Islamic and OIC Jurisdictions Finance and Investment Practice, FULBRIGHT & JAWORSKI | | 3:10 - 3:30 | | Afternoon Refreshments | | 3:30 - 4:10 | | Private Equity | Securing Private Equity Deals with Islamic Investors Across a Global Platform
- Cataloguing the industries that attract Islamic investors wishing to increase capital gains through private equity investment
- Structuring agreements for Islamic private equity to ensure increased returns and efficient deal-making
- Sourcing, attracting and retaining financial talent that understands Islamic financial principles
- What are the significant private equity deals that have utilized an Islamic approach to investment?
Moderator: Mr. Omar Wohabe, Counsel, SEDCO INVESTMENTS, INC. Mr. Omar Kalair, CEO, UM FINANCIAL Mr. Umar Moghul, Associate, MURTHA CULLINA Mr. Suhail Ahmad, CEO, ITTIHAD CAPITAL CORPORATION | | 4:10 - 4:50 | | Retail islamic Banking | Advancing Beyond Current Islamic Financial Services Models to Boost Market Growth in a Broader Range of Communities
- Using Islamic agreements to boost savings and lower start-up and capital costs for entrepreneurs across various industries
- Creating Islamic mortgages for ethical and Islamic investors made skittish by the subprime crisis
- Showcasing Islamic alternatives for the subprime communities hit hardest by a distressed credit market and adding Islamic insurance to Islamic home financing customers
- What business, financial and regulatory factors will boost growth of Islamic retail banking in North America?
Moderator: Dr. Yahia Abdul-Rahman, CEO, LARIBA BANK Mr. David Loundy, CEO, DEVON BANK Dr. Steven Watts, Adjunct Professor of International Economics, PEPPERDINE UNIVERSITY | | 4:50 - 5:00 | | Closing Remarks - End of Day Two |
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