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Islamic Project Financing: A New Path

The Middle East is a hotbed for project financing opportunities: with a thriving infrastructure pipeline, an established energy industry and of course a vast field of petrochemical and utilities projects, among others. As the sector gathers pace and sophistication, priorities are also beginning to shift towards a more conscious attitude regarding clean energy, green business and environmental awareness – especially as the economic and geopolitical challenges in the region and globally cast a shadow over potential progress. As the industry develops, IFN asks, how will this new path impact project finance in the Gulf going forward? In October 2015 a group of industry-leading experts gathered together at the DIFC in Dubai to conduct a high-level discussion on the current market for project finance in the region and the outlook for future activity. With a broad range of perspectives including regulators, practitioners, lawyers and issuers, the debate sought to uncover the key trends and developments in the local, regional and global market: identifying the major challenges and opportunities for the industry to develop and discussing how Dubai itself can support that growth in its bid to become a central hub for the Islamic economy. Islamic Finance news was delighted to bring...
Monday, 14 Dec 2015

Sukuk and the Islamic capital markets

Backed by rising liquidity and sound financials, Dubai as become a hotbed for investors – domestic and international – looking to take advantage of the region’s growing economy and increasing curiosity among local issuers and investors on the prospects of Shariah compliant finance.  How has or will Dubai attract issuers (both domestic and international) to use Dubai as the issuing center? In April 2015 a group of industry-leading regional and international experts gathered together at the DIFC in Dubai to conduct a high-level discussion on current and future of Sukuk and the Islamic capital market With a broad range of perspectives including from the regulatory, practitioner, legal and investor angles, the debate sought to uncover the key trends and developments in the local, regional and global Sukuk market both currently and going forward: identifying the major challenges and opportunities for the industry to develop and discussing how Dubai could support that growth in its bid to become a central hub for the Islamic economy.  Islamic Finance news was delighted to bring together the comprehensive knowledge and experience of leading industry experts to achieve a rewarding and challenging panel debate. 
Friday, 22 May 2015

What does the future hold for the Takaful industry in Indonesia?

In September 2014 a group of regional and international experts gathered together at the Shangri-La Hotel in Jakarta to conduct a high-level discussion on the future of the Indonesian Islamic insurance industry. With a broad range of perspectives including from the regulatory, practitioner, reTakaful and observer angles, the debate was wide-ranging and rewarding, with lively interaction and valuable collaboration between the parties.  Seeking to uncover the key trends and developments in the Indonesian Takaful and reTakaful industry and gain an understanding of the requirements for growth going forward, the conversation focused on the anticipated regulatory updates and their impact on the Takaful landscape; as well as the differentiation and distribution strategy and what changes were needed to the current business model; the key product growth segments and trends in the market; and the core challenges facing the Takaful industry as a whole and how these can be met by all stakeholders.  Islamic Finance news was delighted to bring together the comprehensive knowledge and experience of leading industry experts including Moch. Muchlasin, Firas El Azem, Marcel Omar Papp and Srikandi Utami; representing a cross-section of the Takaful industry and achieving a rewarding and challenging discussion. View PDF Edition
Friday, 07 Nov 2014

Dubai Islamic Economic Roundtable 2014 SERIES 6

The search for human capital poses significant challenges to organizations faced with the need for global managers with international experience, and qualified specialists with multi-functional expertise. Organizations must consider investing in human capital as a strategic target and an essential requirement for future success. A group of the foremost industry experts in the field of training and accreditation recently gathered at the Dubai International Financial Center (DIFC) under the aegis of IFN and the Dubai financial authorities to discuss the current and chronic gap in the provision and training of human capital for the Islamic financial services industry; evaluate the value of certification and accreditation; and identify what steps can be taken to address this need and evolve new and more effective platforms for qualifications going forward. Islamic Finance news was proud to bring together the exceptional industry knowledge, experience and analytical judgment of leading industry players Dr Noel Tagoe, Dr Eddy Chong, Dr Ali Al Sadik and Yasir Mustafa Osman Ourtashi. With representatives from multiple countries and some of the sector’s premier educational agencies, financial institutions, training providers and economic organizations, the discussion was characterized by its eloquence, insight and invaluable analysis of the current situation. View PDF Edition
Saturday, 01 Nov 2014

Dubai Islamic Economic Roundtable 2014 SERIES 5

A group of leading industry experts recently gathered at the Dubai International Financial Center (DIFC) under the aegis of IFN and the Dubai financial authorities to discuss the current lack of a robust and material Islamic wealth management sector that can meet the needs of its high net worth clients and attract them away from the conventional arena. The crux of the discussion revolved around the lack of a track record in Islamic wealth management and the current inability to attract investors. An average Middle Eastern high net-worth individual is said to be around US$890 million. So where are they investing, what asset categories do they favor and what can asset managers do for them? Islamic Finance news was delighted to bring together the comprehensive knowledge and experience of leading industry experts including Ayman Khaleq, Giorgio Medda, Issam Al Tawari, Moinuddin Malim and Prasanna Seshachellam. Representing a cross-section of the wealth management industry from top to bottom including advisors, lawyers, regulators and participants, the panel achieved a rewarding and challenging discussion. View PDF Edition
Wednesday, 01 Oct 2014

Dubai Islamic Economic Roundtable 2014 SERIES 4

A group of leading industry experts recently gathered at the Dubai International Financial Center (DIFC) under the aegis of IFN and the Dubai financial authorities to discuss the challenges and opportunities of building a global Shariah compliant trade finance network and the possibility inherent in creating a suite of products to service this goal. Trade finance currently supports 90% of the world trade but emerging economies have seen the highest volumes of trade globally. Where does Islamic trade finance sit in this equation: what are the challenges that we’re encountering when proposing Islamic trade finance, and how can we bridge that gap? Islamic Finance news was delighted to bring together the experience and expertise of leading industry stalwarts including Moinuddin Malim, Prasanna Seshachellam, Paul McViety and Fadi Yazbeck. Representing multiple different backgrounds, sectors and fields of expertise from the regulatory, technological and legal arenas, the panel achieved a rewarding and challenging discussion. View PDF Edition
Monday, 01 Sep 2014

Dubai Islamic Economic Roundtable 2014 SERIES 3

A group of leading industry experts recently gathered at the Dubai International Financial Center (DIFC) under the aegis of IFN and the Dubai financial authorities to discuss the challenges and opportunities of liquidity management within the industry; to discuss the requirements needed to develop the short to medium-term instruments that the Islamic finance industry needs to manage liquidity; and to evaluate and identify potential solutions to develop the Islamic money market going forward. Islamic Finance news was delighted to bring together the experience and expertise of industry stalwarts including Moinuddin Malim, Cassim Docrat, Basheer Ahmed and Fadi Yazbeck. The panel comprised representatives from a wide range of sectors and thus achieved an exceptional confluence of diverse and compelling perspectives from the regulatory, technological, service provider and capital markets arenas. The discussion was extensive and animated, spanning the full reach of the liquidity management landscape and generating bold new ideas and suggestions for solutions to improve the situation that were both innovative and adventurous. IFN is delighted to present a unique and untrammeled examination on one of the most compelling issues in Islamic finance, from some of the most open and innovative minds in the industry. View PDF Edition
Friday, 01 Aug 2014

Dubai Islamic Economic Roundtable 2014 SERIES 2

On the 1st May 2014, a group of leading industry experts gathered at the Dubai International Financial Center (DIFC) to discuss the potential for Dubai’s rapidly developing Islamic debt capital market in the context of its wider Islamic economy ambitions and attempt to identify the key challenges and opportunities that currently exist in its path towards becoming a global hub for Sukuk. Backed by rising liquidity, sound financials and healthy oil prices, Dubai has become a hotbed for investors, both domestic and international, seeking to take advantage of the region’s growing economy. Increasing curiosity amongst local issuers and investors on the prospects of Shariah compliant finance along with a supportive and enthusiastic approach from the authorities has paved the way for rapid progress in the debt capital market arena. How will Dubai attract international issuers as a truly competitive international listing center? Islamic Finance news was delighted to bring together Basheer Ahmad, Jawad Ali, Hitesh Asarpota, Khalid Howladar, Salah Jaidah and Rizwan Kanji in the second of the seminal Dubai Islamic Roundtable series (in partnership with the Dubai Government, Dubai Economic Council and the DIFC) to discuss their views on the opportunities and obstacles on the pathway towards this goal. View PDF Edition
Sunday, 01 Jun 2014

CIMB Roundtable: Islamic Finance for CFOs

In conjunction with the IFN Asia Forum 2014, Islamic Finance news held the first in a new series of Islamic finance-focused Roundtable discussions, sponsored by CIMB Islamic.  A group of leading industry experts gathered together in a closed-door session to discuss the first in a series of broad yet crucial concepts designed to promote inclusion and participation in the wider industry. ‘Islamic Finance for CFOs’ aimed to create a roadmap for encouraging more corporates to tap the Islamic markets by identifying the key barriers, answering the key questions, addressing the primary concerns and suggesting the best methods for inclusion and awareness-building.  Islamic Finance news was delighted to bring together Badlisyah Abdul Ghani, Wasim Akhtar Saifi, Mohd Radzuan Tajuddin, Nicholas Edmondes, Khalid Howladar and Rafiza Ghazali in an illustrious debate representing the leaders across all fields of Islamic finance. The result was a fascinating and wide-ranging debate that covered every crucial concern and is an invaluable read for anyone seeking to encourage inclusion in the Islamic capital markets. View PDF Edition
Sunday, 01 Jun 2014

Dubai Islamic Economic Roundtable 2014 SERIES 1

Dubai as the World's Capital of the Islamic Economy On the 30th April 2014, a group of leading industry experts gathered at the Dubai International Financial Center (DIFC) to discuss the strategy and prospects for Dubai to drive its ambitions as a global capital of Islamic economy. In October of last year Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, announced a three-year program to promote Dubai as the leading global center for the Islamic economy, based on a framework of seven key pillars and supported by 46 strategic initiatives. While the development of Dubai as a hub for Islamic banking and finance is central to this objective, the reach goes far beyond this to encompass a holistic synergy between every aspect of the Islamic economy. Islamic Finance news was delighted to bring together Abdulla Mohammad Al Awar, Prasanna Seshachellam, Bashir Ahmed and Dr Amat Taap Manshor, in the first of the seminal Dubai Islamic Roundtable series (in partnership with the Dubai government, Dubai Economic Council and the DIFC) to discuss their views on the roadmap towards achieving this ambitious goal. The result was a rewarding critical dialogue spanning crucial issues surrounding regulation, competition, standardization and integration; and evaluating Dubai's position...
Thursday, 01 May 2014

London Roundtable

Efforts by the UK government to introduce Islamic finance into the mainstream economy as an alternative investment mechanism are becoming more evident with the set-up of the UK Islamic Finance Task Force, and other government-led initiatives pioneered by TheCityUK as well as regulatory amendments to accommodate Shariah compliant transactions. As the UK fights to keep its leading edge as the world’s foremost financial center, Islamic finance has been suggested as a booster to the nation’s economy; primarily to encourage inflows of liquidity from the GCC and Asia and to accommodate the banking and investment needs of its growing Muslim population. Although privately-placed Islamic deals involving real estate and the acquisition of property assets in a Shariah compliant manner are currently abundant in the UK, there are still real hurdles affecting the proliferation of Islamic finance, including: A lack of media coverage, skepticism stemming from inadequate understanding of Islamic banking and investment products among the Muslim consumer and liquidity management issues; among others. In this exclusive roundtable brought to you by Islamic Finance news, our panelists: Jawad Ali, managing partner of the Middle East offices of King & Spalding and global deputy leader of the firm’s Islamic finance practice; Massoud Janekeh,...
Saturday, 01 Jun 2013