Islamic Finance Events - Congress Conference Summit Seminar Workshop Forum

Islamic Finance is an Ideal tool of Financial Inclusion

Islamic Finance is an ideal tool of financial inclusion and can address the poverty issues in East Africa effectively, according to Mr. Zubair Mughal, the Chief Executive Officer of AlHuda Center of Islamic Banking and Economics (CIBE). He was addressing a gathering of the banking and financial industry of Tanzania in Dar es Salaam during an Islamic Banking and Finance event. The overall objective of the event was to create awareness, knowledge development and sharing the best practices of Islamic Banking and Finance with local financial market, so that the Tanzanian Islamic financial market could be established with solid footing using Shariah & technical expertise as concrete.

Moody's holds its first Banking and Islamic Finance Workshop in Bahrain

Moody's Investors Service will hold its first Banking and Islamic Finance Workshop in Bahrain on Wednesday 2nd of September. The workshop will focus on Bahrain's banking sector amid low oil prices and global headwinds. It ill kick-off with a presentation from Jean-Francois Tremblay, Associate Managing Director, Financial Institutions Group, surrounding key global developments within credit markets. The workshop will also provide Moody's assessment of the local operating environment and the creditworthiness of banks in Bahrain and the rest of the region. In addition, the workshop will also discuss the latest developments in the Islamic Finance sector as well as growths trends and liquidity management challenges.

2015 IREF Summit: Billions of Dollars Emanating from GCC & Muslim Jurisdictions Seeking Real Estate Investment Opportunities with the GCC, alone, Pumping $4.5bn into Global Property Markets

There is little doubt that real estate as an asset class has become more important since the financial crisis with billions of dollars of investment emanating from the GCC and Muslim jurisdictions increasingly seeking Shariah compliant investment opportunities in key global real estate markets. With recent GBP1.35 billion financing of the Battersea Power Station - one of the largest real estate financings in the UK in recent years, the IREF Summit comes at a good timing. This year's IREF Summit provides a focused platform to discuss key issues, identify opportunities and forge new business relationships. For further information on the Summit please visit www.irefsummit.co.uk or contact info@icg-events.com

MICROFINANCE EVENT: Triple Bottom Line Investing Presents ‘TBLI Conference Europe 2015’, November 19-20, Zurich, Switzerland

The TBLI Conference Europe 2015 is going to take place at the Gottlieb Duttweiler Institute in Zurich on November 19-20, 2015. The cost of the event is CHF 625 (USD 639). A set of three private meetings with potential investors and business partners is available for an additional fee of CHF 500 (USD 511). Additional meetings can be booked at CHF 150 (USD 154) each. TBLI Conference offers a series of presentations and workshops that focus on environment, social, governance (ESG) and impact investing topics. This year’s conference will focus on ESG and impact investing across asset classes. Find more information on http://www.tbligroup.com/tbliconference/europe2015.html.

2015 IREF Summit: Global Real Estate Investment Opportunities

ICG-Events is organising its annual IREF Summit which is now in its 11th year. The event is scheduled to take place on the 1st-2nd of December 2015 in London. On the evening of the 1st of December, ICG will also be hosting the IREF Summit Awards of Excellence which will take place at the event's Gala Dinner. The IREF Summit prides itself on being industry led and industry focused and over the years has established itself as the foremost gathering based on its ability to bring together the leading industry experts and institutions to explore the key issues impacting the sector and its future development. For further information on the Summit please visit www.irefsummit.co.uk or contact info@icg-events.com

CIBAFI and World Bank bring Islamic Finance stakeholders together to discuss Corporate Governance

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the World Bank are pleased to announce their joint international conference on "Corporate Governance for Islamic Financial Institutions: Lessons from Recent Global Developments", which is due to take place in Amman, Jordan on 15th and 16th September 2015. The one and half day conference aims to bring together various stakeholders from the private sector, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the issue of corporate governance in the Islamic financial services industry (IFSI).

Ex-Merrill Lynch banker takes on Islamic industry

Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she's seeking to empower women in male-dominated Islamic banking. What started as an informal ladies lunch club with other women in the industry will this week become the first global Women in Islamic & Ethical Finance Forum, a conference for more than 200 people at KPMG LLP's Canary Wharf offices in London. Akram is seeking to support women in an industry where they face more obstacles than in conventional banking because of religious conservatism, restrictions on mixed-gender working environments and stereotypes.

Islamic Finance Forum to be held in Abidjan 17-18 September 2015

The Islamic Corporation for the Development of the Private Sector and the Government of Cote d’Ivoire are co-hosting the Islamic Finance Forum on 17-18 September 2015. The event aims at stimulating development of the local and international market of Islamic finance in Africa and particularly in Côte d’Ivoire in line with government’s National Development Plan 2016-2020 and to explore cross border trades between international investors and African nations through opportunities made available through Islamic finance. This invitation-only event is designed for the benefit of local and international market players to explore the development opportunities in Islamic finance both in the Cote d’Ivoire, locally and regionally.

KazanSummit 2015 / TATNEFT became the golden partner of KazanSummit 2015

KazanSummit 2015, the 7th International Economic Summit of Russia and OIC countries, will be held in in Kazan, Russia on June 15-16, 2015. The international partner of KazanSummit 2015 is the Islamic Development Bank. Within the framework of KazanSummit 2015, the Russian-Arab Business Council will organize an event called «Business dialogue Russia– the Arabic world. New stage of interaction: trade, suborders, investment, and finance». TATNEFT became the golden partner of KazanSummit 2015. Find more information on the website http://www.kazansummit.com/

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The lack of equity finance - really a problem of moral hazard?

Michael Gassner, Editor of IslamicFinance.de presented on the 3ème Congrès International de la Finance Islamique “Les Banques Islamiques et le Financement des Entreprises: Pratiques et enjeux théoriques” en Marrakech, 25/26 Mai 2015.

The presentation discussed that exponential growth of debt in Islamic finance is ruled out, nevertheless, debt and equity finance exists. The specific significance of equity finance (musharaka, mudaraba) lies in need for solid debt/equity ratio, as Muslims shall never die being in debt. Still Islamic banks barely provide any equity finance and the reason often given are moral hazard costs. This is denied as debt as well as equity has specific moral hazard problems, and if anything, even conventional banks would offer a mixture of debt and equity. Rather the assumed reason appears to be in the regulation (capital weight) and taxation (interest deductibility), which makes equity financing from a bank 2-4 times at least more expensive than debt finance, and thus not worth being offered.

The attached presentation is in French.

Halal Expo 2015 opens in Moscow

The Crocus-Expo Center in Moscow has opened Moscow Halal Expo 2015. Over 200 halal companies from Russia and other countries will be presenting their products until May 23. The main theme of the exposition this year will be growth and development of national manufacturers and international commercial and investment relations with the Islamic world. Food, fashion, tourism, financial and medical companies are taking part in Halal Expo this year. Madina Kalimullina, the director of the exposition, explained that one of the main goals of the Halal Expo was to demonstrate development of the halal market in Russia.

Moz to host annual meeting of Islamic Development Bank

Mozambique will next month host the annual meeting of the Jeddah-based Islamic Development Bank (IDB), an event which is expected to be attended by 700 delegates. It will take place on 8 and 11 next June. Eduardo Macuà¡cua, Deputy Executive Director of the Confederation of Economic Associations of Mozambique (CTA) said that the private sector in coordination with the Government, through the Investment Promotion Centre, is already preparing to not only participate in meeting but also, and above all, present projects and business opportunities that the country offers, and perhaps form partnerships. To this end, the CTA is organizing the Private Sector Forum on 8 June, which discusses the role of the private sector in the development of the IDB member countries, particularly those in Africa.

Upcoming IFSB Summit buoyed by encouraging new developments

As Islamic finance regulators and thought leaders converge on the commercial capital of Kazakhstan, Almaty, for the 12th Annual Summit of the Islamic Financial Services Board (IFSB), the world of Islamic finance is buoyed by a series of encouraging developments in the weeks leading up to the Summit. The Summit is scheduled to be held on 20-21 May 2015. The transformational impact of the Islamic finance industry can only be truly enhanced inter alia if the requisite infrastructure is in place. As such, issues relating to ‘Core Principles for Islamic Finance: Integrating with the Global Regulatory Framework,’ the Summit theme, is pertinent and follows the adoption last month by the IFSB of a new Standard on Core Principles for Islamic Finance Regulation (CPIFR)(Banking Segment) (IFSB-17).

UAE’s Masdar Institute to celebrate 5th Commencement Ceremony on 26 May

Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Masdar Institute will be organizing the fifth commencement ceremony for the Class of 2015. His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, will give the keynote address at the ceremony that will be held on 26 May at Emirates Palace in Abu Dhabi. More than 100 students from 36 countries including the UAE, are expected to receive their Master’s degrees across nine academic programs. Masdar Institute will also be celebrating the commencement of its first PhD graduates in Interdisciplinary Engineering at the ceremony. As of September 2014, the total number of enrolled students was 491, including 148 PhD students.

Tenmou announces formation of MENA Angel Investors Network (MAIN) at mena angel investors summit 2015

More than 200 angel investors, start-ups from the MENA region and members of the local media gathered in Bahrain for the commencement of the second MENA Angel Investors Summit 2015. The event was organised by Tenmou, Bahrain's First 'Business Angels, in strategic partnership with the Economic Development Board (EDB). 45 fast-growth start-ups from Bahrain, Saudi Arabia, UAE, Lebanon, Morocco, Palestine, Egypt, and Jordan presented their business pitches to the angel investors in attendance in hopes of procuring more funding to take their businesses to the next level. The highlight of the summit was the launch of the region's first networking association, the MENA Angel Investor Network (MAIN).

Waqf Fund holds its 8th Roundtable Discussion on Venture Capital

The Waqf Fund held its 8th Roundtable Discussion on "Venture Capital - Building the Next Phase of Economic Development in Bahrain". The half-day session was attended by a group of 39 senior professionals. Some of the key takeaways from the Roundtable are as follows: Venture capital is an important industry. An ecosystem is needed to create a vibrant venture capital industry. There is a strong case for the government to kick start the venture capital industry. A change of mindset is required among capital owners of the region. The conclusions reached and recommendations provided by the Roundtable Discussion will be compiled by the Waqf Fund for further consideration of the relevant authorities.

Linar Yakupov: «Welcome to the main economic interaction platform of Russia and OIC countries – KazanSummit 2015»

"Islamic Finance for Constructive Global Trade and Investment" is the main theme of the VII International economic summit of Russia and member countries of the Organisation of Islamic Cooperation (OIC) – KazanSummit 2015, which will be held on June 15-16th in the third capital city of Russia – Kazan. The observer status of OIC that the Russian Federation received in 2005 provides the base for the improving interrelations between Russia and OIC member countries. Hence KazanSummit is the main platform for developing relations between Russian regions and OIC member countries that takes an economic cooperation to the international scene.

The Gulf Bond and Sukuk Association Discusses Role Of Fixed Income Market at World Green Economy Summit

The Gulf Bond and Sukuk Association (GBSA), the trade association representing the Arabian Gulf fixed income market, moderated a panel at the World Green Energy Summit in Dubai titled 'The Race for Green Finance/Green Funds and Bonds.' The session connected senior figures from government institutions with global energy players and highlighted the need for financial innovation in green energy funding. Panelists included Abdul Nasser Abbas, Senior Director of Treasury at Dubai Electricity and Water Authority (DEWA), Annette Eberhard, CEO of Denmark's Export Credit Fund, Sean Kidney, CEO of Climate Bonds, Jarett Carson, Managing Director of EnerTech Capital, and Ben Cotton, Partner at Earth Capital Partners.

CBB, SCW hold first "Women in Finance" roundtable

The Central Bank of Bahrain (CBB) in cooperation with the Supreme Council for Women (SCW) hosted a roundtable discussion on the "Challenges Facing Women in Reaching Positions of Authority in the Financial Sector" on the 29th of April 2015. The session brought together leading female figures from the industry to share their experiences and insights into the obstacles that remain for women in climbing the corporate ladder. The roundtable was the first in a series campaign of activities to celebrate and promote the role of "Women in the Financial and Banking Sector" which leads to the main conference on November 30th 2015 under the theme ‘Women in Finance and Banking’.

BNP Paribas - INCEIF Centre for Islamic Wealth Management (CIWM) and Labuan International Business and Financial Centre (Labuan IBFC) Host Second Islamic Wealth Management Symposium 2015

The BNP Paribas - INCEIF Centre for Islamic Wealth Management (CIWM) and Labuan International Business and Financial Centre (Labuan IBFC) held their 2nd annual Islamic Wealth Management Symposium on 28 April 2015 in Kuala Lumpur, aimed at raising national awareness of Islamic wealth management, particularly Islamic trusts and foundations. The Symposium also marked the public unveiling of Labuan IBFC's international waqf foundation, the first Islamic foundation designed with the international market in mind. The Symposium attracted more than 150 delegates. A total of 12 speakers and panelists ranging from regulators, Islamic scholars, academics and industry practitioners, convened to discuss Islamic wealth management.

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