25th – 26th November, 2013 | Madinat Jumeirah, Dubai, UAE globalislamiceconomy.com

Dubai the Capital of Islamic Economy

0 / 100 / 100 / 0

0 / 80 / 100 / 0

0 / 40 / 90 / 0

Contact: Shyrose OsmanBrandmark

Date: 25th February 2013 Andrew NoddingsOffice 201, Trident WaterfrontDubai MarinaDubai, UAE

T: +971 55 8803 921www.theandongroup.com

30 / 100 / 100 / 50

Global IslamIc Economy summIt 2013 - ProGrammE

orGanIsEd by:

2

EVEntProGrammE

EVEntProGrammE

3

Madinat Arena

day onEmonday 25th noVEmbEr, 2013

7.30-8.45

Madinat Arena Introductory remarks and Qur’an recitation 8.45-9.00

Plenary session 1 ENGLISH& ARABICMadinat Arena

The Evolving Global Economic Landscape and the Impact of the Islamic EconomyWith 1.65 billion Muslims spread across vast and disparate regions of the world, both as majorities and minorities, the Islamic world now represents a diverse set of cultural values and economic conditions. Yet all of them share the same religion and, increasingly, a youthful and restless population that is seeking dynamic and forward-thinking leadership that will enable them to play their role in shaping their future, build wealth and prosperity for their families and ensure a better livelihood for their children. Hear from government leaders about their vision for the future and the key priorities that will shape the development of this new economic landscape.

Speaker:

H.E. Hamad Buamim, President & CEO, Dubai Chamber of Commerce & Industry, UAE

Panelists:H.E. Eng. Mohammed Al Shihhi, Undersecretary, Ministry of Economy, UAERT Hon. Baroness Warsi, Senior Minister of State, Foreign & Commonwealth Office, UK H.E. Bpk. Dr. Sapta Nirwandar, Deputy Minister, Ministry of Tourism and Creative Economy, Indonesia H.E. Ambassador Mouhamdou Doudou Lo, Director General, Department of Economic Affairs, Organisation of Islamic Cooperation, Saudi Arabia

Moderator:Yousif Gamal El-Din, Journalist & News Anchor, CNBC

9.00-10.00

Moderated Panel Discussion

registration and networking

10.00-11.00

11.30-12.00

4

ENGLISH& ARABIC

Madinat Arena

Madinat Arena

Plenary session 2

11.00-11.30 Water Terrace networking break

opening Keynote

Leading a New Economic Paradigm – Beyond Halal Food and Islamic Finance With continuing challenges in the global economy, and as many traditional markets reach saturation, the various sectors of the Islamic Economy are coming under the spotlight as potential engines for growth. The Islamic Finance and Halal Food sectors are now well-recognised industries, and it is now apparent that the Travel and Hospitality sectors, as well as other portions of the Muslim consumer market represent significant segments in their own right. How can leaders of the Islamic economy evolve to address the wider opportunities? Are the barriers to growth structural or a limitation of vision? Are there any emerging success stories and models?

Panelists:H.E. Essa Kazim, Chairman of Borse Dubai; Chairman of Dubai Financial Market; Secretary General of the Islamic Economy Higher Committee, UAESaleh Lootah, Managing Director, Al Islami Foods, UAE Gerald Lawless, President and Group CEO, Jumeirah Group, UAEV Shankar, Group Executive Director & CEO, Europe, Middle East, Africa & Americas, Standard Chartered, UAE

Moderator:Rafi-uddin Shikoh, Founder, DinarStandard, USA

Exclusive Report Introduction:The State of the Global Islamic Economy Report 2013 (Thomson Reuters)

The 'New Normal' and the Islamic WorldThe developed world has entered a sustained period of economic stagnation. With high debt, poor fiscal management and an ageing population and infrastructure, the promise of prosperity is no longer the realm of western nations. Even emerging markets are not meeting the high expectations of investors. Increasingly, frontier markets are playing a significant role in shaping the role of the future world we live in. What will the world look like in 2020? Who will be the leading trade partners? What are the key risks to the global economy? What are the key challenges in facing the new world ahead of us? Hear from the pre-eminent emerging markets investor about his views on the future of the global economy and the role of the Islamic world in shaping the future.

Speaker:Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets, Singapore

Moderator:Yousef Gamal El-Din, Journalist & News Anchor, CNBC, UAE

ENGLISH& ARABIC

Moderated Panel Discussion Keynote

12.00-12.30 Madinat Arena

5

opening ceremony & award

The Opening Ceremony and Award is the pinnacle of the Summit. A panel of senior ministers and policy makers will elaborate on the significance of the Global Islamic Economy for the member states of the Organisation of Islamic Cooperation, and for the wider global community.

The Islamic Economy Award celebrates established and emerging companies that have demonstrated significant business and social impact using the Islamic economic ethos, and have inspired a new generation of leaders. A Lifetime Achievement Award will also be bestowed upon an individual who has been a significant pioneer of the Islamic Economy with a history of achievement.

Speakers:H.E. Abdul Rahman Al Ghurair, Chairman, Dubai Chamber of Commerce & Industry, UAEH.E. Obaid Al Tayer, Minister of State for Financial Affairs, UAE H.E. Ahmed Ali Al-Madani, President, Islamic Development Bank, Saudi Arabia

ENGLISH& ARABIC

Islamic Finance & Insurance

12.30-14.00

14.00-15.00

Water Terrace

Madinat Arena

lunch and Prayer break

Innovation in Ethical Finance awards

Innovation in Ethical Financial Services - Presentation & Voting The Global Financial Crisis has shown the world that finance can have a disproportionate and sometimes very negative impact on the real economy. However, the influence and intermediation of capital can be an equally powerful tool for social good and environmental protection, if applied with the right intentions and ethics. It is becoming increasingly apparent to the enlightened CEOs and Executives of the financial services industry that doing business ethically and for the greater good can bring benefits for all stakeholders and enhance the sustainability of financial institutions.

This session highlights the potential for finance to be a powerful change agent by showcasing and recognizing innovative examples of financial services that are both ethical and sustainable. The session will begin with a keynote address by Kiva, the online crowd funded fundraising/financing platform that combines ethical finance with innovation to bring about powerful social impact. It will also present the most innovative finalists of the Ethical Finance Initiative and the Islamic Finance Industry Development challenge. The awards are designed to inspire the financial services industry towards ethical and socially responsible practices in all aspects of their business.

Speaker:

Michael Looft, Regional Director Europe and Asia, Kiva, USA

Final Candidate Presentations of the Ethical Finance Innovation Challenge and Awards The Ethical Finance Innovation Challenge and Awards are designed to inspire and encourage demonstrable and socially responsible change in financial services, well beyond token awards, with the ability to implement actionable solutions. There will be two challenges in the following categories: 1. Islamic Finance Industry Development Challenge2. Ethical Finance Initiative Challenge

The top three finalists were chosen by a panel of distinguished judges and were asked to present their solutions in this session. The winners will be decided by the Summit delegates.

Presenter:Naveen Raza, HSBC, UAE

ENGLISH& ARABIC

Awards Keynote

15.30-16.30 ENGLISH

6

Joharah Ballroom B Parallel session 1b – Islamic Finance

Consolidation or Stagnation? Islamic Insurance Vision 2020Will takaful ever become mainstream or forever remain the weaker brother of Islamic banking? Can the industry really take off when it competes with the stronger distribution and reinsurance capabilities of traditional insurance? Industry players lament regarding the oft-repeated challenges affecting their growth and sustainability, from retakaful capacity to lack of distribution capabilities and size. Is it now time to consolidate and cooperate? This session will turn the responsibility over to the panel and the audience to find collective solutions that can work and resolve some of the critical challenges through cooperation between institutions.

Panelists:Fareed Lutfi, Group Director, Insurance Services, Dubai Holding, UAEFiras El Azem, General Manager, Takaful Re Limited, UAEDawood Taylor, Senior Regional Executive - Takaful, Middle East, Prudential Corporation Asia, Saudi ArabiaDr. Hatim El-Tahir, Director, Islamic Finance Group, Deloitte, Bahrain

Moderator: Sohail Jaffer, Deputy CEO, FWU Global Takaful Solutions, UAE

Moderated Panel Discussion Islamic Finance & Insurance

15.30-16.30 Joharah Ballroom A Parallel session 1a - Islamic Finance

Review of the Development of the Islamic Financial Services Industry – Overcoming Obstacles to Adoption and Inclusion of Islamic FinanceWhile the industry has come a long way in the past four decades, many of the core challenges remain. In this session, key industry leaders representing a cross-section of both the private sector and stakeholder institutions deliberate on the development of the industry. Key issues for deliberation will include:

1. Regulatory Enablement - How can the Islamic finance industry better engage with regulators to facilitate market entry and provision of Islamic financial services?2. Reach - What has held the industry back from reaching the 72% of Muslims who remain unbanked and what needs to be done to address their needs?3. Capacity - What has so far limited the contribution of Islamic finance to infrastructure and SME development initiatives and what other initiatives must be undertaken at an institutional level? With Capital Markets? With individuals and talent development?

4. Authenticity / Social Impact - How far has the industry moved towards its original socially responsible ethos and can the business model be revisited to address this shortcoming?

Panelists:Afaq Khan, CEO, Standard Chartered Saadiq, UAEAamir Rehman, Managing Director, Fajr Capital Advisors, UAEDr. Belaid Rettab, Senior Director, Economic Research & Sustainable Business Development, Dubai Chamber of Commerce & Industry, UAE Adnan Yousif, President & CEO, Al Baraka Banking Group, BahrainDr. Azmi Omar, Secretary General, Islamic Research and Training Institute, Saudi Arabia

Moderator:Daud Vicary Abdullah, CEO, International Centre for Education in Islamic Finance (INCEIF), Malaysia

ENGLISH

15.00-15.30 Joharah Pre-Function Area networking & Prayer break

15.30-16.30 ENGLISHJoharah Ballroom C Parallel session 1c – Halal lifestyle

Understanding Muslim ConsumersAre 1.8 billion Muslims a monolithic market for companies to target? Or are there customised approaches that have to be tailored to the region and country? Running parallel to the Shariah issues of Halal compliance, there are a spectrum of issues that relate to the preferences and spending habits of Muslim consumers. Have these been accurately identified? How important are they? How do you speak to these consumers and meet their needs? Described as the ‘fastest growing consumer segment in the world’, what are the key strategies to succeed with a new generation of Muslim consumer tastes and preferences?

Panelists:Faisal Masood, Founder, American Muslim Consumer Consortium, USAShelina Janmohamed, Vice President, Ogilvy Noor, UKShahed Amanullah, Founder, Zabihah.com, USAJonathan Wilson, Editor-in-Chief, Journal of Islamic Marketing, UK

Moderator:Rafi-uddin Shikoh, Founder, DinarStandard, USA

7Halal LifestyleModerated Panel Discussion Islamic Finance & Insurance

16.45-17.45 Joharah Ballroom A Parallel session 2a – Islamic Finance

From Spring to Summer: Opportunities for North African Islamic Emerging Markets As Islamic banks in the GCC and Malaysia reach maximum penetration in their overbanked native markets, they are increasingly looking to foreign high growth markets with rapid population growth to support their revenue and profit targets. Will the relatively untapped Tunisian and Moroccan markets provide the growth stimulus required? Will Islamic banking be accepted by their populations? What kind of banking services will be profitable in North Africa? Should foreign financial institutions tap into the retail market, or remain at the corporate financing level? What is the investment environment for foreign financial institutions?

Panelists:Mohamed Frad, CEO, United Gulf Financial Services - North Africa, Tunisia Mohammad Raza, Managing Director, Islamic Finance Advisory & Assurance Services, UKFarid Masmoudi, Global Head of Business Development and Partnerships, Islamic Corporation for the Development of the Private Sector (ICD), Islamic Development Bank, Saudi ArabiaSaid Amaghdir, Chairman, Association Marocaine pour les Professionnels de la Finance Participative, Morocco

Moderator: Mustafa Adil, Head of Research & Product Development Islamic Finance, Thomson Reuters, Bahrain

Exclusive Report Introduction:Thomson Reuters-IRTI-CIBAFI Tunisia & Morocco Islamic Finance Country Report

ENGLISH

16.30-16.45 Joharah Pre-Function Area networking break

16.45-17.45

19.30-22.00

Joharah Ballroom C ENGLISH

8

Parallel session 2c - Halal Food

Controlling Supply Chain and Logistics Integrity: Turning Risk into Investment OpportunitiesThe importance of maintaining the integrity of the Halal supply chain, from the farm to the fork, has become an increasingly relevant issue. The development of Halal logistics, with the creation of Halal distribution hubs and port-to-port protocols by several port authorities, has created new opportunities within the logistics, storage and transportation sectors. To what extent does this add genuine value for the end consumer and investors, and what are the long-term implications of this new development?

Panelists:Paul Boots, Director Tradeflow, Dubai Multi Commodities Centre, UAE Koen de Praetere, Founder, Halal Balancing, Belgium Dr. Marco Tieman, CEO, LBB International, NetherlandsBahri Ouzariah, CEO, Oriental Viandes Group, France

Moderator:Darhim Hashim, Director, International Halal Integrity Alliance, Malaysia

Madinat Arena Gala dinner

Moderated Panel Discussion Halal Lifestyle

ENGLISH

16.45-17.45 Joharah Ballroom B Parallel session 2b – Halal lifestyle

From Halal to Wholesome: Transforming Islamic Values to a Marketing Niche of Global AppealNot much more than a decade ago, the term Halal was considered to apply only to methods of animal slaughter. Now, not only has the term broadened its scope exponentially, there is an increasing awareness that products and services need to be Tayyib as well as Halal, wholesome as well as lawful. How will this new trend affect the decisions made by manufacturers and marketers to bring the Halal sector in line with other current market values relating to health, ethics, fair trade and concern for the environment? And how does this translate into marketing strategy?

This session will also explore the different perceptions and dynamics across the Muslim consumer markets from the USA, GCC and Southeast Asia.

Panelists:Vaquas Alvi, Regional Director, Ogilvy Action, UAE Ahmad Adam, Founder and CEO, Crescent Foods, USAAdnan Durrani, CEO, American Halal Co. Inc., USA Y. Bhg. Dato Seri Jamil Bidin, CEO, Halal Industry Development Corporation, Malaysia

Moderator: Abdalhamid Evans, Founder, Imarat Consultants, UK

ENGLISH

Halal Food

9

10

Madinat Arena

Madinat Arena

Madinat Arena

11

Plenary session 3 – Islamic Finance

Ethical Finance Innovation challenge & awards

dubai: the capital of Islamic Economy Innovation launch Pad

CEO’s Debate: Islamic Finance - Banking on Emotions or Merit? Series on Ethical & Islamic FinanceWith lingering concerns in the financial services sector, and renewed interest in what Islamic finance can offer, this session will provide CEO perspectives on the future of the industry. How can Islamic banks rise to the challenge of offering a new way forward for financial services? How can they transform from a niche industry to a mainstream component of the global financial services industry?

Key themes to be addressed by the distinguished panelists will include:

• With aggressive competition in their native markets, how can Islamic banks continue to grow?

• Is the marketing of an 'Islamic' identity a constraint on the universal appeal of this banking model? Is it leading to or hindering the adoption of the underlying ethics or Maqasid Al-Shariah?

• What value propositions must be offered to customers to convince them to bank with Islamic banks?

• What are the key challenges that the industry must address through innovation?

• What is the role of emerging technology and financial services trends, from crowdfunding to micro-finance, in shaping the future of a new economic paradigm based on the Islamic ethos?

Speaker and Moderator:Tirad Mahmoud, CEO, Abu Dhabi Islamic Bank, UAE

Panelists:Dr. Adnan Chilwan, CEO, Dubai Islamic Bank, UAEHussain Al Qemzi, Group CEO, Noor Investment Group & CEO, Noor Islamic Bank, UAEMohammad Al Omar, CEO, Kuwait Finance House, KuwaitRafe Haneef, CEO, HSBC Amanah, Malaysia

The winners of the Ethical Finance Innovation Challenge & Awards will be announced, plus tokens of appreciation from Abu Dhabi Islamic Bank for key industry stakeholders.

Islamic Economy Innovation AnnouncementsThe Launchpad will feature the exclusive introduction of several innovative projects and services to support His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for Dubai Capital of Islamic Economy. Dubai, the Capital of Islamic Economy Innovation Announcement• Thomson Reuters Zawya Islamic Launch• Thomson Reuters ICD Islamic Finance Development Indicator Launch• The Business Channel for Islamic Markets Launch SpeakersDr. Azmi Omar, Director General, Islamic Research and Training Institute, Islamic Development Bank, Saudi ArabiaKhaled Al-Aboodi, Chief Executive Officer, Islamic Corporation for the Development of the Private Sector, Saudi ArabiaRussell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters, UAE

day tWotuEsday 26th noVEmbEr, 2013

9.00-10.00

10.00-10.20

10.20-11.00

Debate Islamic Finance & Insurance Awards

ENGLISH& ARABIC

ENGLISH& ARABIC

ENGLISH& ARABIC

Keynote

12

11.30-12.30 Joharah Ballroom A Parallel session 3a – Islamic Economy Infrastructure

What Works Best? Uniformity or Diversity in Halal & Islamic Finance StandardsWith different countries promoting different standards for Shariah compliance, does the world need to move towards a more unified approach towards Halal & Islamic Finance standards? What would be the benefits and the shortcomings of this approach? How would it be structured? Who would be responsible? Is this really achievable within the next decade? What is the best approach to making Islamic Finance standards appealing to regulators? Alternatively, is it worthwhile simply to accept the diversity in standards and bring all the various standards to one information platform so that institutions and individuals can choose what they agree on? Learning from the experience of both the Halal and Islamic Finance sectors, this session will explore opportunities for collaboration and possible design of a joint framework to boost Halal trade from manufacturing to financing.

Panelists:Eng. Mohammed Badri, Acting Director General, Emirates Authority for Standardization & Metrology, UAEMuddassir Siddiqui, CEO and President, ShariahPath Consultants LLC, USADr. Khaled Al Fakih, CEO and Secretary General, Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), BahrainDarhim Hashim, Director, International Halal Integrity Alliance, Malaysia

Moderators: Rushdi Siddiqui, Advisor & Former Global Head of Islamic Finance and OIC Countries, Thomson Reuters, USA

Abdalhamid Evans, Founder, Imarat Consultants, UK

Islamic Economy Infrastructure

ENGLISH11.30-12.30 Joharah Ballroom B Parallel session 3b – Halal lifestyle

Total Health Management or Just Ingredients? Advancing the Concept of Halal Pharmaceuticals and Personal CareThe concept of Halal pharmaceuticals and personal care products has emerged in recent years as a viable subsector of the Halal market. What are the core issues of a genuine Halal pharmaceutical sector? Are there real business opportunities here, and how can they be harnessed? To what extent does this sector merge with a holistic approach to health management and wellness? What more can be done to develop this sector?

Panelists:Farah Al Zarooni, Director of Standards Department, Emirates Standardization & Metrology Authority, UAELeonard Abdul Shatar, Director, CCM Pharmaceuticals Division, Malaysia Mohammed Fadzil, Founder, F A Herbs/Tanamera, Malaysia Dr. Muhammad Chaudry, President, The Islamic Food and Nutrition Council of America, USA

Moderator: Rafi-uddin Shikoh, Founder, DinarStandard, USA

Moderated Panel Discussion Halal Lifestyle

networking break 11.00-11.30 Joharah Pre-Function Area

ENGLISH

13

12.30-14.00 Water Terrace lunch and Prayer break

11.30-12.30 Joharah Ballroom C Parallel session 3c – Halal travel

Basic or Holistic? Hospitality and Travel for Muslim ConsumersThe 2012 Global Muslim Travel Lifestyle Market Study shows that Muslim tourists globally represent a niche market worth $126.1 billion, representing 12.3% of the total global expenditure. This market is growing at a rate of 4.8% through 2020, compared to global average of 3.8%. In a challenging global economic environment, how can airlines, tourism destinations, and hotels/resorts benefit by engaging with a market that has a young demographic, is growing in affluence, and is increasingly asserting its unique needs on the tourism industry? Is Halal tourism all about segregated swimming pools and facil-ities, a prayer mat and a direction arrow in rooms towards Mecca, or is it a full experience? How have concepts changed over time? Do Muslims from America have the same expectations as Muslims in Indonesia? Are there marketing issues to be considered?

Panelists:Hani Lashin, Group General Manager, Al Jawhara Group of Hotels, UAEKamraan Siddiqui, CEO, Holiday Bosnia, UAEElnur Seyidli, Chairman of the Board, Crescent Tours, UKFazal Bahardeen, CEO, Crescentrating, Singapore

Moderator:Reem El Shafaki, Senior Associate, Muslim Lifestyle Market, DinarStandard, USA

Exclusive Report Introduction:Global Muslim Lifestyle Travel Market Study (DinarStandard)

ENGLISH

Halal TravelModerated Panel Discussion

14.00-15.00 Joharah Ballroom A ENGLISHParallel session 4a – Islamic Finance

Surviving Post Global Meltdown - The State of Islamic Asset Management and InvestmentsSince the financial crisis, the majority of Shariah sensitive investors have withdrawn from the risk market and deposited most of their funds in banks, after being hurt by declining equity market values and hits to their real estate and private equity investments. Yet, 2013 has witnessed renewed optimism by several international and local asset managers who are launching a variety of unique funds to attract wary investors. Options include Sukuk funds, ‘fund-of-funds’ (FOF), and the first Shariah-compliant, socially responsible fund. What will 2014 hold for investors and fund managers? Will the industry encourage innovation in order to appeal to a wider audience? Will equity funds shine again as markets gain confidence? With rates rising, will Sukuk funds continue to attract capital? Will pension funds finally come to the rescue of the Islamic asset management industry?

Panelists:

Abdulkadir Hussain, CEO, Mashreq Capital, UAEAhmed Al-Khateeb, Managing Director & CEO, Jadwa Investment, Saudia ArabiaMonem A Salam, President, Saturna, MalaysiaHasan Al-Jabri, CEO, SEDCO Capital, Saudi Arabia

Moderator: Ruggiero Lomonaco, Executive Director, AGC Equity Partners, UAE

Exclusive Report Introduction:Thomson Reuters Global Islamic Asset Management Report 2014

Islamic Finance & Insurance

14

14.00-15.00 Joharah Ballroom B ENGLISH

Assets or Liabilities? Awqaf and Endowments in the 21st Century Charitable Awqaf control an estimated $1 trillion in assets and more importantly, provide vital social services for communities all over the world. Yet, over several centuries, their financial management has not kept pace with the development of professional asset management. Poor use and lack of yield in a primarily real estate concentrated portfolio has led to declining social utility. Nurturing Awqaf towards professional asset management could not only yield benefits for social services, but also for the broader Islamic asset management industry, which lacks longer horizon and patient investors. Is there a real opportunity for Islamic financial institutions for servicing Awqaf? What kind of tools and services are required by Awqaf? What is the best way to engage Awqaf managers and transition them to professional services? Should governments be involved in developing regulations?

Panelists:Tayeb Al Rais, Secretary General, Awqaf & Minors Affairs Foundation, UAEDr. Sami Salahat, Consultant, International Institute for Islamic Waqf, MalaysiaZeinoul Abedien Cajee CA (SA), Founding CEO, Management Board, National Awqaf Foundation of South Africa, South Africa

Moderator:Anouar Adham, Associate Director, Asset Management and Banking / Strategic Development, Qatar Financial Centre Authority, Qatar

Parallel session 4b – Islamic Finance

Moderated Panel Discussion Islamic Finance & Insurance

14.00-15.00 Joharah Ballroom C

Media and Entertainment for the Socially Conscious A new generation of Muslims are media-savvy, globally connected and engaged online. They are also increasingly dissatisfied with the content of standard media offerings and are actively seeking alternative entertainment and recreation options that are sensitive to their values and traditions, and at the same time in tune with the realities of today's world. What are the opportunities for innovation in this market? What are some of the successful concepts? How will media and entertainment options have to evolve to serve this growing and increasingly influential segment of the global Muslim population? To what extent can this type of content also be attractive to a mainstream audience? Given the power that media has in our lives, and especially over our children, do we need to find beneficial ways for them to engage with digital media?

Panelists:Ahmed Nassef, Founder, Telfez (Former Managing Director, Yahoo Middle East & Africa), UAEShahed Amanullah, Founder, Zabihah.com, USANavid Akhtar, BBC & Channel 4 Producer, Founder, Gazelle Media Ltd., UKRana El Chemaitelly, Founder, Little Engineer, Lebanon

Moderator: Abdalhamid Evans, Founder, Imarat Consultants, UK

Parallel session 4c – Halal lifestyle ENGLISH

Halal Lifestyle

Joharah Ballroom A15.15-16.15 Parallel session 5a – Islamic Finance

15

ENGLISH

Are Sukuk the Next Eurobond? Outlook for the Sukuk Market for 2014 – Opportunities, Risks and Challenges2012 was the Year of the Sukuk, with a record $131 billion in issuances. With volatile global market conditions, 2013 is unlikely to match that trend, despite the excess liquidity leading demand for Shariah compliant, fixed income paper to far outstrip supply. Will markets stabilise in 2014? Have investor preferences changed for rates, structures, sectors, asset backing? With the increase in yields and the transition to Basel III risk-based requirements, is the era of corporate Sukuk about to come to an end? What are the macro-risks impending in the Sukuk market for 2014? Will corporate issuers still be attracted to Sukuk?

Panelists:

Iyad Malas, CEO, Majid Al Futtaim Holding LLC, UAEMohieddine Kronfol, Chief Investment Officer, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments, UAEAmir Riad, Global Head Corporate Finance & Investment Bank, Abu Dhabi Islamic Bank, UAEMohammed Wajid, CEO, Emirates NBD Capital Ltd. & Emirates Financial Services, UAEAmjad Khan, Managing Partner, Afridi & Angell, UAE

Moderator: Nida Raza, Director, Islamic Financial Services Group, Ernst and Young, Bahrain

Exclusive Report Introduction:Thomson Reuters Zawya Sukuk Perceptions and Forecast Study 2014

Moderated Panel Discussion Islamic Finance & Insurance

Joharah Ballroom B15.15-16.15 ENGLISHParallel session 5b – smE development

Innovation and Entrepreneurship Opportunities in the Islamic Economy SectorsThe growing Halal sector offers a wealth of opportunity, but there seems to be a real lack of low capital opportunities to nurture the growth of SME’s and enable them to take advantage of this growth. What new initiatives can be developed to bring together investors and entrepreneurs to serve the Halal market, and what kinds of new opportunities are likely to emerge in the near future to spur further growth in the Halal industry?

Panelists:Nader Sabry, CEO & Founder, Timez5 Global Inc., UAEEyad Al Kourdi, Country Business Head, MasterCard, UAEAhmed Khan, Founder and CEO, Barkaat Food, USADr. Shehab Marzban, Co-Founder, Shekra Crowdfunding, Egypt

Moderator: Kamal Hassan, CEO, Innovation 360, UAE

SME Development

Joharah Pre-Function Area15.00-15.15 networking break

16

15.15-16.15 Joharah Ballroom C ENGLISH

Addressing Food Security in the GCC as an Asset ClassDescribed as ‘twins who were separated at birth’, Islamic Finance and the Halal sector are the two major Shariah based markets. Halal food, a consumer non-cyclical, as an asset class is easy to understand and less volatile than the favourite real estate. The GCC is a net importer of food, and one of the sparks of the Arab Spring was food price inflation and availability. Given that there is surplus liquidity in the Islamic Finance sector, and a distinct need for investment in the Halal sector, why is there still a disconnect between these two components of the Islamic Economy? What has already been done (food funds, agriculture funds, and land bank funds) and how has it fared? What needs to be done to bridge this gap? And what results would be created by a dynamic convergence of these two?

Panelists: Saleh Lootah, Managing Director, Al Islami Foods, UAE Ashraf Hamouda, Head Partnerships & Business Development ME, Eastern Europe & Central Asia, United Nations World Food Programme, UAEFarid Masood, Managing Director, Advisory and Asset Management, Islamic Corporation for the Development of the Private Sector (ICD), Islamic Development Bank, Saudi ArabiaAhmad Adam, Founder & CEO, Crescent Foods, USA

Moderator:Rushdi Siddiqui, Advisor & Former Global Head of Islamic Finance and OIC Countries, Thomson Reuters, USA

Parallel session 5c – Halal Food

Halal FoodModerated Panel Discussion

16.15-16.45 networking & Prayer break Joharah Pre-Function Area

16.45-17.15 Madinat Arena

The Future of the Islamic World and the Role of the Islamic Economy Sectors to Facilitate Intra-OIC TradeWith a young and restless population hungry for employment, MENA balance sheets are hobbling after the Arab Spring, and with ongoing turmoil across the region, the Islamic world represents a plethora of challenges and opportunities.

The Islamic economy sectors hold extraordinary possibilities - a consumption-based paradigm that may be able to replace the outflow of US and European investments that are retreating in the face of increased risk and lower financing appetites. From Sukuk for infrastructure development to halal food production and family friendly tourism, could the Islamic economy sectors facilitate indigenous development? Could they encourage stronger intra-OIC trade and investment between the oil exporting consumption nations to the rest of the Islamic world?

Hear from the pre-eminent economist who predicted the global financial crisis and one of the Top 100 global thinkers (as ranked by Foreign Policy) about the future of the Islamic world, the challenges it will face and the potential role of the Islamic economy sectors to stem the tide and facilitate greater investment flows into the Islamic world.

Speaker:Dr. Nouriel Roubini, Co-Founder and Chairman of Roubini Global Economics, USA

Moderator:Shanker Ramamurthy, President of Global Growth & Operations, Thomson Reuters, USA

In conversation with ENGLISH& ARABIC

In Conversation With

17

17.15-18.15 Madinat Arena

Islamic Economy Vision 2020: The Role of Governments and the Private Sector to Facilitate Development of the Islamic Economic SectorsAs the Islamic economic sectors have matured in recent years, the various successes and failures indicate that the development of a holistic ecosystem of industries that addresses the needs of its citizens is only possible with a focused and forward-looking government.

Various nations from around the world are making concerted government-level efforts to develop their Islamic sectors by tapping into the global opportunity that is encompassed by the vision of the global Islamic economy.

As these nations formulate their strategies for the future, where and how does the Islamic Economy fit in? Where does the role of government end and where does the private sector kick-in? What does the private sector need to achieve real growth - is it just a level playing field, a supportive regulatory environment or full-blown subsidies? What is the next phase of development in the Islamic Economy likely to look like?

Speaker: H.E. Hisham Al Shirawi, Vice-Chairman, Dubai Chamber of Commerce & Industry, UAE

Panelists: Prof. Datuk Rifaat Abdel Kareem, CEO, International Islamic Liquidity Management (IILM) Corporation, Malaysia Khaled Al-Aboodi, CEO, Islamic Corporation for the Development of the Private Sector, Islamic Development Bank, Saudi ArabiaSir David Wootton, Former Lord Mayor of London, UK

Moderator: Rushdi Siddiqui, Advisor & Former Global Head of Islamic Finance and OIC Countries, Thomson Reuters, USA

closing session ENGLISH& ARABIC

Moderated Panel Discussion Islamic Economy Infrastructure