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    Internationalisation of Islamic Finance: Bridging Economies18th - 20th September 2012

    Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur

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    The third Global Islamic Finance Forum (GIFF) 2012, themed Internationalisation of Islamic Finance: Bridging Economies will be held in Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur from 18th to 20th September 2012.

    This hallmark event aims to provide an avenue for stimulating intellectual discourses and realisation of business opportunities.

    GIFF 2012 will feature financial industry practitioners, regulators, Shariah scholars and business communities from around the globe to discuss the prospects for Islamic finance industry in bridging economies and strengthening connectivity.

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    Day 1Tuesday, 18th September 2012 ExecutiveMasterClass GlobalIslamicLiquidity

    ManagementConference IslamicMicrofinanceand

    FinancialInclusionForum InternationalShariah

    ScholarsForum BusinessNetworking

    ReceptionbyInvitedCountries(by invitation)

    Day 2Wednesday, 19th September 2012 PublicLecture1 BridgingEconomiesForum GlobalIslamicFinance TaxationForum IndustrySpecificDialogue InternationalShariah

    ScholarsForum RoyalGalaDinnerandPresentation

    ofRoyalAwardforIslamicFinance(by invitation)

    Day 3 Thursday, 20th September 2012 PublicLecture2 RegulatorsForum InternationalIslamicCapital

    MarketForum SMEsWorkshop:Leveragingon

    IslamicFinancingOpportunities TheTakafulRendezvous

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    DAY 1ExEcutivE MAstEr clAss: BAnking BusinEss MoDEl AnD risk MAnAgEMEnt in islAMic FinAncE

    gloBAl islAMic liquiDitY MAnAgEMEnt conFErEncE

    islAMic MicroFinAncE AnD FinAnciAl inclusion ForuM

    intErnAtionAl shAriAh scholArs ForuM

    07:30 Registration (all programmes)

    09:00 Welcoming/Keynote Address: Banking Risk Appetite & Financial Stability session 1: Various Possible Business Models in Islamic Banking

    Welcoming remarks by President of Association of Islamic Banking Institutions Malaysia (AIBIM)

    Opening addresssession 1: Major Lessons for Islamic Banks

    Keynote Address: Role of Regulation and Supervision Setting an Enabling Environment for Islamic Microfinance

    Recitation of Holy Quran Welcoming Remarks by Islamic

    Research and Training Institute (IRTI) Welcoming Remarks by International

    Shariah Research Academy for Islamic Finance (ISRA)

    09:30 session 1: Major Challenges of Shariah Board Members10:00

    10:30 Networking & Refreshments

    10:45session 2: Regulatory Requirements in Respect to the Business Models - Issues & Challenges

    session 2: Developing The Ecosystem to Enhance Cross-Border Islamic Financial Market Activities - International Islamic Liquidity Management Corporation (IILM) Sukuk Programme

    session 1: Successful Islamic Microfinance Model - Insights into Latest Market Development

    session 2: Characteristics of Shariah Board Members

    11:00

    11:30

    12:00 session 3: Fee-based Islamic Banking Models - Issues & Challenges12:30

    13:00 Lunch

    14:30Keynote Address: Key Issues in Risk-based Supervision for Various Banking Models in Islamic Finance

    session 3: Enhancing Cross-Border Liquidity Management

    session 2: Successful Microtakaful Schemes and Operational

    session 3: Shariah Board Members and Shariah Governance Framework15:00

    15:30

    15:45 Networking & Refreshments

    16:00 session 4: Integrated Risk Management in Islamic Banking

    session 4: Addressing Leakages out of Islamic Financial System and Summarise Resolution

    session 3: Examining Government Initiatives and Drivers for Increasing Financial Inclusion

    16:30

    16:45session 5: Resilience of Islamic Banks in Facing Financial Crisis - Cross-Border Experience

    17:00 Closing: Human Capital Development for Islamic Financial Services Industry

    17:30 End of session

    18:00Business Networking Reception by Invited Countries (by invitation)

    19:00

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    DAY 2BriDging EconoMiEs ForuM gloBAl islAMic FinAncE

    tAxAtion ForuMinDustrY spEciFic DiAloguE intErnAtionAl shAriAh

    scholArs ForuM

    07:30 Registration (all programmes)

    09:30plEnArY sEssion

    Opening Address by Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia

    puBlic lEcturE 1Islamic Finance Transforming as a New Frontier in the Age of Global Economic Change

    11:15 Networking & Refreshments

    11:30

    session 1: Introductory Session & GIFF Report

    session 1: Common Cross-Border Taxation Issues in Islamic Finance

    Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values

    session 1: An Overview of the Malaysian Shariah Governance Framework

    12:00

    12:30

    13:00 Lunch

    14:00 session 2: Enlarging the Islamic Finance Pie in AsiaCase Study A: Khazanah RMB SukukCase Study B: Nomura Holdings Incorporateds Commodity Murabaha Facility

    session 2: Building Blocks for Active Cross-Border Flows

    Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values

    14:30 session 2: Assessment of the Ground Reality and Industry Perception of the Shariah Board15:00

    15:15 Networking & Refreshments

    15:30 session 3: The Future of Islamic Finance in EuropeCase Study C: Cross-Border Distribution of Islamic Funds through UCITS PlatformCase Study D: Debut Murabahah Syndication in Russia

    session 3: Case Study on Cross-Border Tax Treatment for Islamic Finance Transactions in the MENA Countries

    Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values

    session 3: Future Prospects for Shariah Board Members

    15:45

    16:00

    16:30 session 4: The Rising of North Africa and the Continued Momentum in Middle Eastcase Study E: A Unique Sukuk Al-Ijarah Restructuring The Nakheel ExampleCase Study F: Financing for Gambia Groundnuts - First Islamic Structured Export Financing Deal in Gambia

    session 4: Whats Next for International Tax Policy17:00 Resolution & Closing Remarks

    17:30 End of session

    20:00Royal Gala Dinner and Presentation of Royal Award for Islamic Finance (by invitation)

    22:00

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    DAY 3rEgulAtors ForuM thE tAkAFul rEnDEzvous intErnAtionAl islAMic cApitAl

    MArkEt ForuMsMEs Workshop: lEvErAging on islAMic FinAncing opportunitiEs

    07:30 Registration (all programmes)

    09:00 plEnArY sEssionRoyal Address by His Royal Highness Raja Dr. Nazrin Shah, MIFC Financial Ambassador

    puBlic lEcturE 2Enhancing the Islamic Financial System in a Decade of Increasing Internationalisation

    09:30

    10:00

    10:30 Networking & Refreshments

    10:45

    Keynote Session: Navigating Islamic Finance in an Era of Increasing Internationalisation

    cEos session: Meeting the Expectations

    session 1: The Regulatory Framework

    11:00 session 2: A Greater Role for Islamic Finance in the Global Economy11:30

    session 1: Islamic Project Financing - Benefits and Challenges for SMEs

    11:45

    session 1: Enhancing Regulatory and Supervisory Synergy to Increase Cross-Border Transactions in Islamic Finance

    session 1: Wealth Management session 2: Medical and Health Takaful

    session 3: Sukuk as a Viable Fund Raising Option12:00

    12:15session 4: Islamic Fund Management

    12:30

    13:00 Lunch

    14:30session 2: Legal and Shariah Governance Catalyst for Greater Global Connectivity in Islamic Finance

    session 3: Integrating Cross-Border Takaful Business session 5: Islamic Fund Management

    session 2: Working Capital and Trade Financing - Practical Case Study for SME Financing15:00

    15:30

    15:45 Networking & Refreshments

    16:00 session 3: Impact of Basel III on Regulatory Standards and Effect on Cross-Border Activities

    session 4: Retirement Plansession 5: Becoming Large and Specialised Risks (LSR) Takaful Operator

    session 6: Product Development in Islamic Finance

    session 3: Growth Trajectory for SME - Preparing for Listing and Cross Boundaries

    16:30session 6: Managing and Prioritising Critical Business Risks and Solvency Challenges

    16:45 session 4: Takaful - Venturing Beyond Boundaries17:00

    17:30 End of session

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    09:00 Welcoming/Keynote Address: Banking Risk Appetite & Financial Stability Session 1: Various Possible Business Models in Islamic Banking

    BusinessandfinancialriskinIslamicbankingmodels Balancingprofitandsocialneeds

    10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    10:45 Session 2: Regulatory Requirements in Respect to the Business Models - Issues & Challenges Capitalregulatoryrequirementsforassetbasedfinancing RoleoftheIslamicFinancialServicesBoard(IFSB)inshapingthe

    behaviourofIslamicbanks

    12:00 Session 3: Fee-based Islamic Banking Models - Issues & Challenges Capitalrequirementsforassetbasedfinancing PrivateBanking-PrivateEquityandIslamicFundManagement

    13:00 Lunch(Venue:SasanaCafe&KMCAtrium)

    14:30 Keynote Address: Key Issues in Risk-based Supervision for Various Banking Models in Islamic Finance

    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    ExECutIVE MAStER ClASS: BAnKIng BuSInESS MoDEl AnD RISK MAnAgEMEnt In ISlAMIC FInAnCEVenue: Training Room 2.1 2.2

    DAY 1 Tuesday, 18th September 2012

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    16:00 Session 4: Integrated Risk Management in Islamic Banking Whydobanksfail? RiskmanagementprocessinIslamicbanks MandateofChiefRiskOfficertowardsmoreintegratedrisk

    management

    16:45 Session 5: Resilience of Islamic Banks in Facing Financial Crisis - Cross-Border Experience ResilienceofIslamicbanksinfacingfinancialturmoil UniquecharacteristicsofIslamicbanksthatcontributetowards

    itsresilience Supportfrommonetaryauthoritiesandregulatorsin

    strengtheningIslamicbanks

    17:00 Closing: Human Capital Development for Islamic Financial Services Industry

    17:30 Endofsession

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    09:00 Welcoming remark by President of Association of Islamic Banking Institutions Malaysia (AIBIM)

    opening address

    Session 1: Major lessons for Islamic Banks PotentialrepercussionstoIslamicfinancebasedontherecent

    developmentthatwouldimpactoperationsofIslamicfinancialinstitutions

    Whatarethemajorlessonsfromthelatestdevelopment?Howarethedevelopmentstiedtointerbankliquiditymanagement?WhataretheotherpotentialsourceswithintheIslamicbankingindustry?

    10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    10:45 Session 2: Developing the Ecosystem to Enhance Cross-Border Islamic Financial Market Activities - International Islamic liquidity Management Corporation (IIlM) Sukuk Programme AnoverviewofIILManditsSukukprogramme-roleofIILMand

    relatedinitiativestosupporttheSukukprogramme,includingprimarydealerframework,regulatorytreatmentandsecondarytrading

    13:00 Lunch(Venue:SasanaCaf&KMCAtrium)

    gloBAl ISlAMIC lIquIDItY MAnAgEMEnt ConFEREnCE

    Liquidity Management: Strengthening Building Blocks for Internationalisation of Islamic Finance

    Venue: Auditorium

    DAY 1 Tuesday, 18th September 2012

    HighlightsprevailingrulesandlatestdevelopmentsthatimpacttheoperationsofIslamicfinancialinstitutionsinundertakingcross-bordertransactionsforthepurposesofIslamicliquiditymanagement.ParticipantscanalsosharesuccessfactorsandexchangeideasonthelatestdevelopmentsthatarebeyondtheboundariesoftheIslamicfinancialindustry.

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    14:30 Session 3: Enhancing Cross-Border liquidity Management Needforcross-borderliquiditymanagementasapre-requisite

    forastableandsustainableIslamicfinancialsystem.Whatarethebuildingblocksrequiredtoestablishcross-borderinterbanklinkagesthatareeffectiveforliquiditymanagement?

    Successstoriesinestablishingcross-borderlinkagesinthe conventionalsector Howimportantaretherolesofstandardisationofmarket

    practices,centralisedplatformofexchangesandglobalintermediaries?

    Areauthoritiestheonlychannelforestablishingcross-borderlinkages?WhytheIslamicindustryneedstobeattheforefronttopursuethis,andnotnecessarilytheauthorities?

    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    16:00 Session 4: Addressing leakages out of Islamic Financial System and Summarise Resolution LeakagesoffundsfromtheIslamicfinancialsysteminto

    theconventionalsystemShouldleakagesbeallowedorprohibited?

    Acceptedkeypointsdiscussedandthesummarisedresolutions Keytake-awaysfortheIslamicbankingindustry

    17:30 Endofconference

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    09:00 Keynote Address: Role of Regulation and Supervision Setting an Enabling Environment for Islamic Microfinance

    10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    10:45 Session 1: Successful Islamic Microfinance Model - Insights into latest Market Development Processandsuccessfactorsofpublic-privatecollaboration Waqf&zakatmodelthroughmicrofinancingforpovertyalleviation Povertyalleviation&microfinancing:Charityvs.Commercialisation

    Shariahsolutions?

    13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)

    14:30 Session 2: Successful Microtakaful Schemes and operational Devisingcost-effectiveandrapiddistributionmodelstoimprove

    marketaccess Successfulpilotcatastrophesmicrotakafulriskmodellingprojects Personalaccidentandcashlesshealthmicroinsurancescheme

    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    16:00 Session 3: Examining government Initiatives and Drivers for Increasing Financial Inclusion Latestdevelopmentinpoliciesandinitiativessupportingfinancial

    inclusion Trendsincross-borderfundingbetweenOICcountries Opportunitiesandchallengesinmovingforward

    17:30 Endofforum

    ISlAMIC MICRoFInAnCE AnD FInAnCIAl InCluSIon FoRuMVenue: Theatrette

    DAY 1 Tuesday, 18th September 2012DAY 1 Tuesday, 18th September 2012

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    DAY 1 Tuesday, 18th September 2012DAY 1 Tuesday, 18th September 2012

    09:00 RecitationofHolyQuran

    09:10 Welcoming Remarks by Islamic Research and training Institute (IRtI)

    09:20 Welcoming Remarks by International Shariah Research Academy for Islamic Finance (ISRA)

    09:30 Session 1: Major Challenges of Shariah Board Members

    10:30 Networking&Refreshments Venue:ForumFoyer

    10:45 Session 2: Characteristics of Shariah Board Members ScarcityofShariahscholarswithfinancialknowledge Bestapproachindevelopingtherequiredhumancapital ShouldShariahBoardmembersbefulltime

    13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)

    14:30 Session 3: Shariah Board Members and Shariah governance Framework ImpactoflimitingthenumberofShariahBoardrepresentation Scopeofaccountability,levelofindependenceandmanagingconflict

    ofinterest ShouldShariahauditbecarriedoutinternallyoroutsourced

    15:45 Networking&Refreshments/Endsession Venue:ForumFoyer

    IntERnAtIonAl SHARIAH SCHolARS FoRuM

    The Role of Shariah Board in Light of Shariah Governance Framework

    Venue: Forum

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    9:30 opening Address Dr. Zeti Akhtar Aziz

    GovernorBankNegaraMalaysia10:00 Islamic Finance transforming as a new Frontier in the Age

    of global Economic Change Understandingthechanginglandscapeintodaysglobal

    economicandfinancialarchitecture Strengtheninginternationalmonetaryandfinancialsystem

    throughalternativeinvestmentandfinancialgovernance BuildingIslamicfinancialandentrepreneurialecosystems

    globallywithnewtechnologicalandstrategicdirectionstowardsfinancialinclusionandstability

    Empoweringcross-borderconnectivityandopportunitiesforemergingeconomiesthroughIslamicfinance

    11:15 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    PlEnARY SESSIonVenue: Auditorium

    Public lecture 1

    DAY 2 Wednesday, 19th September 2012

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    11:30 Session 1: Introductory Session & gIFF Report OverallIslamicfinancialmarkethighlightsandkeyprospectsforthenext5years CurrentstateofinternationalisationofIslamicfinanceandkeychallenges JurisdictionsthatcouldmakeimpactfulcontributiontowardsglobalisingIslamic

    finance Prospectsofinterregionallinkagesandcross-borderinvestmentsinIslamic

    finance

    13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)

    14:00 Session 2: Enlarging the Islamic Finance Pie in Asia SustainabilityofIslamicfinancerapidexpansioninSouthEastAsia EastAsiajoiningthebandwagon:Whatistheprospect? IslamicfinancerolesinmeetinginfrastructuredevelopmentneedsforAsia DemandofIslamicfinanceinCentralAsia Asiaandinternationalwealthmanagementprospects

    Case Study A: Khazanah RMB Sukuk HighlightstheinauguralRenminbi(RMB)denominatedsukukissuedinMalaysia,a

    majorstepinthedevelopmentofoffshoreRMBmarket Case Study B: nomura Holdings Incorporateds Commodity Murabaha Facility

    IllustratesthefirstIslamicfundingexercisebyaJapanesecorporatewiththeaimtostrenghthenthefinancialtiesbetweentheFarEastandMiddleEast

    15:15 Networking&Refreshments(Venue:ConferenceHall1&Pre-functionArea)

    15:30 Session 3: the Future of Islamic Finance in Europe EuropespotentialastheIslamicfundandwealthmanagementcentre AppetiteforIslamicInitialPublicOfferings(IPOs)inthemidstofEuropedebt-crisis RolesofEuropeanplayersascatalystforcross-borderdeals AppetiteandpotentialofTakafulandretakafulmarketinEU TheregulatoryandtaxationenvironmentinmajorEuropeancentresforRealEstate

    InvestmentTrusts(REITs)andotherIslamicequitylinkedproducts

    BRIDgIng EConoMIES FoRuMVenue: Auditorium

    DAY 2 Wednesday, 19th September 2012

    ShowcasestheIslamicfinanceprospectsandopportunitiesinAsia,EuropeandMENAregion,respectively.ParticipantscangaininsightsonthepotentialIslamicfinance-relatedbusinessandinvestmentopportunitiesintheregions,amanifestofthecontinuouslygrowinginterestforIslamicfinanceacrosstheworld.

    Participantswillbenefitfromtheforumdiscussionsandcasestudiesofcross-borderIslamicfinancialtransactions.

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    Ms. Baljeet KaurViceChairman,KFHResearch

    Mr. Rushdi SiddiquiGlobalDirector,IslamicFinanceThomsonReutersUS

    Dr. Humayon DarDirector&CEOofBMBIslamicAdvisoryLtd

    Mr. Jaseem AhmedSecretary-General,IslamicFinancialServicesBoard

    Mr. tobias FrenzChiefExecutiveOfficer, MunichReRetakaful

    Mr. Kazuhiko taharaDirector,DaiwaSecuritiesCapitalMarket

    Mr. Rafe HaneefChiefExecutiveOfficer,HSBCAmanah

    Mr. Prasad AbrahamChiefExecutiveOfficer,AlHilalBank,Kazakhstan

    Mr. Mohd Izani ghaniChiefFinancialOfficer, KhazanahNasionalBerhad

    Ms. nor Rejina RahimManagingDirectorofNomuraAssetManagementMalaysia

    Mr. Roustam VakhitovVicePresident,HeadofTaxand FinancialConsultingdepartmentofUFSInvestmentCorp

    Case Study C: Cross-Border Distribution of Islamic Funds through uCItS Platform IllustratestheuseofUCITSplatformtofacilitatecross-border

    distributionofIslamicfunds

    Case Study D: Debut Murabahah Syndication in Russia HighlightsrealopportunitiesfordiversificationofShariah-based

    fundsourcingandopportunitiesofalternativefundingsourcesintheRussianmarketandacrosstheCommonwealthofIndependentStates

    16:30 Session 4: the Rising of north Africa and the Continued Momentum in Middle East EmergingandgrowingmarketsinNorthAfrica:RolesofIslamic

    finance TheriseofEgypt,Oman,Tunisia,JordaninIslamicfinance HowbigisretakafulmarketinMENAandkeypotential

    businesslines MomentumofprojectfinanceintheMiddleEast

    Case Study E: A unique Sukuk Al-Ijarah Restructuring the nakheel Example IllustratesaninnovativeusageofSukukinrestructuringof

    liabilities,aimedtosettleoutstandingclaimsoftradecreditors Case Study F: Financing for gambia groundnuts - First

    Islamic Structured Export Financing Deal in gambia IllustratestheusageofIslamictradefinancestructureto

    providefinancingtothefarmersinAfricaduringthegroundnutstradingseason

    17:30 Endofforum

    Mr. Paul WoutersLawyer,AntwerpBarAssociation(Belgium)Counsel,BenerLawOffice(Turkey)

    Mr. Alberto giuseppe Brugnoni Chairman,BoardofASSAIF

    Datuk noripah KamsoCEO,CIMBPrincipalIslamicAssetManagement

    Mr. Robert MinnegalievChiefExecutiveOfficer,AKBARSBank,Russia

    Mr. Ashar nazimDirector,IslamicFinancialServicesMENA,Ernst&Young

    Mr. Amman MuhammadManagingDirector,AbsaIslamicBanking

    Dr. Mohd Daud BakarChairmanofShariahAdvisoryCouncilofBankNegaraMalaysia

    Mr. Ajmal BhattyPresident&CEO, TokioMarineMiddleEastLimited

    Mr. nazeem noordaliGeneralManagerofCorporate&StructuredFinanceDepartment,ITFC,IDB

    Speakers

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    11:30 Session 1: Common Cross-Border taxation Issues in Islamic Finance

    CurrentlocalandinternationalframeworkforIslamicfinancetaxation MalaysiantaxtreatmentonIslamicfinancialtransactions Issuesunderthedoubletaxationagreements(DTAs)anddiscussionon

    howIslamicfinanceistaxedundertheDTAs

    13:00 Lunch(Venue:SasanaCafe&KMCAtrium)

    14:00 Session 2: Building Blocks for Active Cross-Border Flows Promotingcross-bordercohesivenesswithtaxationasabusinesscatalyst

    TaxasanenablerinfacilitatingthegrowthofIslamicfinanceregionally ReallifeexperiencesinundertakingIslamicfinancecross-border

    transactions

    15:15 Networking&Refreshments(Venue:ConferenceHall1&Pre-functionArea)

    15:30 Session 3: Case Study on Cross-Border tax treatment for Islamic Finance transactions in the MEnA Countries DiscussionontheconclusionsreachedfromtheMENAstudy Mappingofitscommonapplicabilitytothelocalandinternational

    taxissues

    gloBAl ISlAMIC FInAnCE tAxAtIon FoRuMVenue: Theatrette

    DAY 2 Wednesday, 19th September 2012

    ProminenttaxationauthoritiesandIslamicfinanceplayersdebateontheroleoftaxasabusinessenablerforcross-bordertransactions,withanaimtofindaresolutionthatcouldassistindeepeningtheIslamicfinancialtransactionsacrosstheglobe.

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    16:30 Session 4: Whats next for International tax Policy PotentialsolutionsforcurrentissuesinbothMENAandAsia

    Pacificregions SettingofthetaxdirectiveforIslamicfinanceasmoderatedby

    theOECDrepresentative Jointinternationalproposali.e.IslamicFinanceTaxation

    Forum:ProposalsonTaxationofCross-BorderIslamicFinancialTransaction(TheProposal)

    17:30 Endofforum

    Ms. Azleena Idris DeputyDirector,IslamicBankingandTakafulDepartment, BankNegaraMalaysia

    Mr. Edward Barret TaxTreatyAdvisor,CentreforTaxPolicyandAdministration,OECD,Paris

    Mr. Aurobindo Ponniah Head,IBFDOfficeforAsiaandthePacific,KualaLumpur

    Ms. Jennifer Chang SeniorExecutiveDirector, PwCTaxationServices,KualaLumpur

    Mr. Sam Chay DirectorTaxandFinance CIMBGroup,KualaLumpur

    Mr. Richard thomas ChiefExecutiveOfficer GatehouseBank,London

    Mr. Wimbanu Widyatmoko ManagingPartnerHadiputranto, HadinotoandPartners,Jakarta

    Mr. Hafiz Choudhury Principal,MGroup,USAandAsiaInternationalTaxandInvestmentCenter,WashingtonD.C.,USA

    Mr. Mohammed Amin IslamicFinanceConsultant,London

    Mr. Salah guyedi SeniorAdvisor MinistryofEconomyandFinance Doha,Qatar

    Mr. Edward Barret TaxTreatyAdvisor,CentreforTaxPolicyandAdministration,OECD,France

    Mr. Aurobindo Ponniah Head,IBFDOfficeforAsiaandthePacific,KualaLumpur

    Speakers

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    11:30-17:30

    Prominentspeakers,comprisingbusinesspractitionersandfinancialexpertswillsharetheirexperiencesonhowIslamicfinancehasfacilitatedthebusinesscommunityintheoperationsandexpansionoftheiractivities.

    Highlightsofthesessionincludediscussiononthelatestdevelopmentandglobaloutlookofselectedeconomicsectors,suchastheaviation,oilandgas,educationandinfrastructuredevelopment,andtheprospectofIslamicfinanceasaviableformoffinancialintermediationforthesesectors.

    ParticipantscangaininsightsonvariousbusinessopportunitiesthatcanbefurtherexploredbybothmarketplayersintheIslamicfinanceindustryandbusinesscommunityfromtherealsectors.

    InDuStRY SPECIFIC DIAloguE

    Synergising Islamic Finance and Real Sectors Towards Mutually Enhanced Business Values

    Venue: Training Room 2.1 - 2.4

    DAY 2 Wednesday, 19th September 2012

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    11:30 Session 1: An overview of the Malaysian Shariah governance Framework

    13:00 Lunch(Venue:SasanaCaf&KMCAtrium)

    14:30 Session 2: Assessment of the ground Reality and Industry Perception of the Shariah Board Challengestoapproveproductsandinstitutionaloperations Doesremunerationcommensuratewithcontributions? Fatwainconsistencybetweendifferentboards

    15:15 Networking&Refreshments(Venue:ForumFoyer)

    16:00 Session 3: Future Prospects for Shariah Board Members Increasedparticipationofwomen? Prosandconsofharmonisationandstandardisation SingleglobalShariahBoard

    17:00 Resolution&ClosingRemarks

    17:30 Endofforum

    IntERnAtIonAl SHARIAH SCHolARS FoRuM

    The Role of Shariah Board in Light of Shariah Governance Framework

    Venue: Forum

    DAY 2 Wednesday, 19th September 2012

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    9:00 Royal Address by His Royal Highness Raja Dr. nazrin Shah MIFCFinancialAmbassador

    09:30 Enhancing the Islamic Financial System in a Decade of Increasing Internationalisation OutlookforIslamicfinanceinachangingeconomiclandscape ChallengesandaspirationsforinternationalisationofIslamic

    finance StrategiestoenhancecapabilityofIslamicfinanceto

    strengthenlinkagesinthefinancialworldandtobridgeeconomies

    RisksharingasavehicleforinternationalisationofIslamicfinance

    RolesofmultilateralorganisationsinsupportinginternationalisationofIslamicfinance

    10:30 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    PlEnARY SESSIonVenue: Auditorium

    Public lecture 2

    DAY 3 Thursday, 20th September 2012

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    10:45 Keynote Session: navigating Islamic Finance in an Era of Increasing Internationalisation Pre-requisitestointernationalisationofIslamicfinance OpportunitiesforIslamicfinanceinaneraofincreasing

    internationalisation Regulatoryprioritiesinthenextfivetotenyearstoassistcross-border

    Islamicfinancialactivities Challengesinmovingforwardtoincreasinginternationalisation

    11:45 Session 1: Enhancing Regulatory and Supervisory Synergy to Increase Cross-Border transactions in Islamic Finance Importanceofaholisticregulatoryandsupervisorycooperationto

    addressemergingriskfromcross-borderactivities RegulatorystrategiestoachievedynamicIslamicfinancialinstitutions

    forcross-borderactivities StandardsneededtofacilitateamoreglobalisedIslamicfinancial

    system StrengtheningliquiditymanagementofIslamicfinancialinstitutions

    throughissuanceprogrammesbytheInternationalIslamicLiquidityManagementCorporation(IILM)

    13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)

    14:30 Session 2: legal and Shariah governance Catalyst for greater global Connectivity in Islamic Finance Enhancingtherolesofjudiciaryandlegalfraternityinspurringgrowth

    ofcross-borderIslamicfinancialtransactions Assessingcomprehensivenessofexistinglegalinfrastructureto

    facilitateglobalconnectivity,includingcross-bordertransactions IntensifyinginternationalcollaborationoneffortstopromoteShariah

    convergenceandunderstandingtofacilitatecross-borderactivities StrengtheningShariahgovernanceframeworktosupportthe

    expansionininternationalproductandserviceofferings

    REgulAtoRS FoRuMVenue: Forum

    DAY 3 Thursday, 20th September 2012

    Highleveldiscussionsonregulatorystrategiesinanenvironmentofincreasedcross-borderIslamicfinancialactivities.Panelistswillhighlightkeyregulatoryandsupervisorychallengesandthepossiblesolutionsthatwillsupportgreatercross-borderbusinesses.

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    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    16:00 Session 3: Impact of Basel III on Regulatory Standards and Effect on Cross-Border Activities Strengthenedcapitalandliquidityrequirementstoinspire

    greaterconfidenceonIslamicfinancialinstitutions EffectsofdifferentlevelsofadoptionofBaselIIIrequirements

    betweenjurisdictions Home-hostsupervisoryissuesinimplementingBaselIIIrules Potentialchallengesinliquiditymanagementahinderfor

    cross-borderactivities?

    16.45 Session 4: takaful - Venturing Beyond Boundaries Overcomingregulatorychallengestofacilitatecross-border

    takafulbusiness Risk,corporateandShariahgovernancestrengthening

    foundationforsustainablegrowthoftakafulplayersbeyonddomesticboundaries

    Theroleofstandardsettingbodiesinthedevelopmentofgloballyconsistentstandardsfortakafultominimisecross-borderregulatoryarbitrage

    17:30 Endofforum

    tan Sri Andrew ShengChiefAdvisor,ChinaBanking RegulatoryCommission

    Mr. Bakarudin IshakAssistantGovernor,BankNegaraMalaysia

    Mr. Jaseem AhmedSecretary-General,IslamicFinancialServicesBoard

    Mr. Richard thomasChairmanoftheWorkingGroup,UKIFS

    Mr. Brian P. BakerManagingDirectorofPIMCOAsia

    Mr. Iqbal KhanCEO,FajrCapital

    Mr. Rushdi SiddiquiGlobalDirector,IslamicFinanceThomsonReutersUS

    tun Abdul Hamid Haji MohamadFormerChiefJusticeofMalaysia

    Dr. Mohd Daud BakarChairman,ShariahAdvisoryCouncilofBankNegaraMalaysia

    Sheikh Yusof talal DelorenzoUSShariahScholar

    Mr. Jeff MillerSecretariatofBaselIIICommittee, BankofInternationalSettlement

    Mr. Khalid Hamad Abdulrahman HamadDirectorofBankingSupervision, CentralBankofBahrain

    Dr. Ali Al AmariSeniorDirector,Supervision&AuthorisationDivisionQatarFinancialCentreRegulatoryAuthority

    Dr. John lee Hin HockChiefRiskOfficer,MaybankGroup

    Mr. Sohail JafferPartnerandHeadofInternationalBusinessDevelopment,FWGroup

    Mr. Dawood taylor SeniorRegionalExecutive(Takaful),PrudentialCorporationAsia,UAE

    Mr. Peter CaseySeniorDirector,PolicyandStrategy,HeadofIslamicFinanceDubaiFinancialServicesAuthority

    Mr. tobias FrenzChiefExecutiveOfficer, MunichReRetakaful

    Speakers

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    10:45 CEos Session: Meeting the Expectations Regulatorsexpectations Rigorousunderwritings Operationalefficiencies Reasonableexpectationoftakafulparticipants Keyperformanceareas

    11:45 Session 1: Wealth Management Demographicchanges Determiningkeyfocusareas Measuringreadiness

    Session 2: Medical and Health takaful Identifyingdemands Keyfocusareasforreadiness Criticalsuccessfactors

    13:00 Lunch(Venue:SasanaCaf&KMCAtrium)

    14:30 Session 3: Integrating Cross-Border takaful Business Issuesandchallenges Areasforconsiderationbynon-takafulregulators Supportingfactorsontheregulatoryenvironments

    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    tHE tAKAFul REnDEZVouSVenue: Auditorium

    DAY 3 Thursday, 20th September 2012

    Aforumtogaingreaterunderstandingontheglobaldevelopmentsintakafulregulationsandconductoftakafulbusiness,includingfactorsaffectingthetakafulindustry.

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    16:00 Session 4: Retirement Plan Demographicchanges Determiningkeyfocusareas Measuringreadiness

    Session 5: Becoming large and Specialised Risks (lSR) takaful operator Insuranceandtakafulmarketscenario Gapsandopportunities Criticalsuccessfactors

    16:30 Session 6: Managing and Prioritising Critical Business Risks and Solvency Challenges Newriskchallenges Adequacyofaddressingrisksassociatedwithtakaful

    operations Evaluatingsolvencyfortakafulundertakings Rolesofratingagencyfortakaful/retakafulundertakings

    17:30 Endofsession

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    10:45 Session 1: the Regulatory Framework

    11:00 Session 2: A greater Role for Islamic Finance in the global Economy AnEconomicOutlook:HowIslamicfinancecancontributetowards

    meetingcapitalneeds LookingatgrowthcentresandconduciveregionstoconductIslamic

    financetransactions

    11:45 Session 3: Sukuk as a Viable Fund Raising option

    12:15 Session 4: Islamic Fund Management ProspectsinIslamicFundManagement ListingofIslamicREITS

    13:00 Lunch(Venue:ConferenceHall2&Pre-functionArea)

    14:30 Session 5: Islamic Fund Management IslamicWealthManagement BusinessTrusts RiskSharingFundStructures

    15:45 Networking&Refreshment Venue:ConferenceHall1&Pre-functionArea

    16:00 Session 6: Product Development in Islamic Finance PromotingShariah-basedinstruments Alternativestrategiesfunds Privateequity,venturecapitalandangelinvesting Developingwaqfassets

    17:30 Endofforum

    IntERnAtIonAl ISlAMIC CAPItAl MARKEt FoRuMVenue: Training Room 2.1 - 2.2

    DAY 3 Thursday, 20th September 2012

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    DAY 3 Thursday, 20th September 2012

    11:30 Session 1: Islamic Project Financing - Benefits and Challenges for SMEs

    ThebenefitsofIslamicfinanceforSMEs Overcomingchallengeswithoutcompromisingprofitmargins Harnessingbusinessandmaximisingopportunities

    13:00 Lunch(Venue:SasanaCaf&KMCAtrium)

    14:30 Session 2: Working Capital and trade Financing - Practical Case Study for SME Financing HowSMEscantacklelegal&taxchallengesinIslamicfinancingin

    theircross-borderbusinesstransactions?

    15:45 Networking&Refreshments Venue:ConferenceHall1&Pre-functionArea

    16:00 Session 3: growth trajectory for SME - Preparing for listing and Cross Boundaries LatestdevelopmentsinpoliciesandinitiativessupportingSMEs Trendsincross-borderfundingforSMEs Opportunitiesandchallengesmovingforward

    17:30 Endofsession

    SMEs WoRKSHoP: lEVERAgIng on ISlAMIC FInAnCIng oPPoRtunItIESVenue: Training Room 2.1 - 2.2

    SeekstoaddressissuesfacedbyIslamicbankinginstitutionsindevelopinganicheandattainingcompetitiveedgeinsocially-inclusiveandentrepreneurialbankingSMEsandmicrofinancing.

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