08.00 to 09.00

09.00

09.00 to 09.05

09.05 to 09.10

09.10 to 09.15

Moderator’s Welcome & Opening Remarks

Moderator:
Nadine Hani
Senior Business News Presenter
Al-Arabiya News Channel

09.15 to 09.45

Session 1: Inaugural Plenary Session: Managing the Challenges of Industry Globalization: Strengthening Regulatory Frameworks to Accelerate the International Development of Islamic Finance

Keynote Speakers:
H.E. Rasheed Mohammed Al Maraj
Governor
Central Bank of Bahrain

H.E. Khaled Mohammed Al-Aboodi
Chief Executive Office & General Manager
The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia

Key Discussion Points:

• Global connectivity: Reinforcing co-operation across jurisdictions to ensure stronger international regulatory architecture for the Islamic banking and finance industry
• Developing supervisory frameworks to support the increase in cross-border Islamic finance activities
• Towards regulatory harmonization across regions to  further boost the global expansion of Islamic banking
• Enabling new emerging jurisdictions opening up to Islamic banking to rapidly implement best practices
  

09.45 to 10.45

Session 2: Keynote Plenary Session: Industry Leaders’ Power Debate - Competing for Global Growth: Capitalizing on New Growth Opportunities Driven by the Increasing Internationalization of Islamic Finance

Session Chair:
Ashar Nazim
Senior Director, Mena Leader for Islamic Finance
Ernst & Young

Keynote Debater:
Tirad Mahmoud
Chief Executive Officer
ADIB

Toby O’Connor
Chief Executive Officer
The Islamic Bank of Asia

Syed Abdull Aziz Jailani Bin Syed Kechik
Chief Executive Officer
OCBC Al-Amin Bank Berhad

Asad A Ahmed
Chief Executive Officer
Gulf African Bank

Abdulrazzak Mohammed Elkhraijy
Executive Vice President and
Head of the Islamic Banking Development Group
The National Commercial Bank-Saudi Arabia

Dr. Salah Addeen A Qadar Saeed
General Manager – Credit & Risk Management
Bahrain Islamic Bank

Key Discussion Points:

• How are the leading players positioning themselves to capitalize on the new growth opportunities presented by the increasing internationalization of Islamic banking and finance?
• Global players: Common ground – Creating the next evolution of the international Islamic banking industry
  
• Building the scale, co-operation and capability to capture the exciting growth driven by the acceleration of East-East trade & investment flows, the increase in large-scale cross-border Islamic finance transactions, and the emergence of new high-growth geographies open to Islamic banking
  

10.45 to 11.15

11.15 to 11.35

Session 3a: The Launch of the Ernst & Young
WIBC Competitiveness Report 2011/12

A Brave New World of Sustainable Growth

It is clear that the economic woes across global financial markets will spill into 2012, and perhaps beyond.  So when the Islamic banking industry talks growth, markets would like to understand more. Islamic banking assets in MENA have continued to grow faster then conventional banks. The question remains on how resilient the business models of Islamic banks are, and how sustainable the growth will be going into 2012. Islamic bankers believe the answer lies in transforming the operational performance.

Presented by:
Imtiaz Ibrahim
Senior Director, Assurance
Ernst & Young

Abid Shakeel
Executive Manager
Ernst & Young

11.15 to 12.00
Al Murjan

Session 3b: UK Roundtable: Islamic Finance and the UK: Building International Partnerships

Moderator:
Nicholas Edmondes
Partner, Trowers & Hamlins
Chairman, TheCityUK GCC Advisory Group

Opening Speaker:
HMA Iain Lindsay OBE
British Ambassador to Bahrain
British Embassy Bahrain

Panelists:
Cassim Docrat
Director
DDCAP (DIFC) Limited

Farmida Bi
Partner and Head of Islamic Finance, Europe
Norton Rose Group

Nicholas Edmondes
Partner
Trowers & Hamlins

Dan Taylor
Partner
BDO LLP UK

Darshan Bijur
Director - Islamic Finance and Investments
KPMG

Mohammad Farrukh Raza
Founder and Managing Director
Islamic Finance Advisory & Assurance Services (IFAAS)

Key Discussion Points:

• How has the UK Islamic Banking industry fared in the recession?
• Assessing the impact of no UK government Sukuk
• Is there any appetite for companies to use Islamic funds or issue Sukuk?
• Developments from the new Lloyds Takaful initiative.
  
  

11.15 to 12.00
Exhibition Hall, Basement level – Convention Centre

Session 3c: Paradigm Shift: Unveiling of a world first by Islamic banks for global financial market

Presentation involving the largest Islamic banks in the world, AAOIFI, Islamic Development Bank, Bahrain Association of Banks and the Association of Islamic Banking Institutions Malaysia.

11.35 to 12.30

Session 4a: Size Matters: How Can Islamic Banks Scale Up
to Access Complex Cross-Border Deals?

Session Chair:
Rehan Pathan
Head of International Sales
NCB Capital

Speakers:
Oscar Silva
Chief Executive Officer
Global Banking Corporation B.S.C. (c) (GBCORP)

Sohail Niazi
Chief Operating Officer
Elaf Bank

Eldred Buck
Managing Director
Eiger Trading Advisors Limited

Panelist:
Sanjeev Chadha
Chief Executive Officer
Ijara Management Company

Feyzullah Egriboyun
Executive Vice President
Bank Asya

Hammad Hassan
First Vice President – Head of Marketing
ABC Islamic Bank (E.C.)

Key Discussion Points:

• Beyond local borders: To what extent are the new growth opportunities for Islamic finance becoming more increasingly international and how are the leading industry players positioning themselves to capture large-scale cross-border deals?
• Collaboration, co-participation and consolidation in the international Islamic banking industry
• Global products for global markets: Creating the next generation of Islamic finance solutions that meet the needs of international clients
  
  

12.15 to 13.15
Al Murjan

Session 4b: Islamic Finance new Development in France -  Growth & Opportunities:

Hosted By: Invest In France

Speakers:
Marc Mariani
Partner
Baker & McKenzie

Laidi El Wardi
Director General – Retail Bank
Chaabi Bank

Gilles St Marc
Partner - Member of the steering committee of Paris Europlace
Gide Loyrette Nouel / Paris Europlace

Anass Patel
Managing Partner
570 Asset Management

Key discussion points :

• Is France a conductive market for the development of Islamic Finance : myths, realities, potential.
• To what extend Islamic Finance product can be an alternative funding to French SME’s growth?
• Is French tax and legal framework comply with Sukuk requirements.
• How to successfully introduce sharia compliance product in a conventional financial environment ?
• Real case feedback for structuring Islamic ethical compliance equities & funds.
  
  

12.30 to 13.05

Session 5: The Shari’ah & Business Open Forum: What is Next for the Shari’ah Role?

Session Chair:
Harris Irfan
Managing Partner
Cordoba Capital

Panelists:
Dr. Aznan Hasan
Shariah Advisor
International Islamic University
Member of Shariah Advisory Council
Bank Negara Malaysia & Securities Commission

Dr. Muhammad Al-Bashir
Head of Shari’ah
Bank Alkhair

Mohammed Paracha
Partner, Head of Islamic Finance – Middle East & Africa
Norton Rose Group

Dr. Ibrahim Fahad Alghofaily
Member, Alinma Bank Board
Partner for International Islamic Finance, BDO

Kashif Jahangiri
Director - Global Centre of Excellence for Islamic Finance
KPMG

Key Discussion Points:

• What are the new challenges facing the role of Shari’ah?
• Keeping pace with the accelerating internationalization and complexity of the Islamic finance industry
• Moving towards achieving international standardization in Fatwa to support the development of cross-border transactions
  
• Have standardisation initiatives to date been a success or a failure?
• Are you in favour of a GCC-wide single Shari'a board?
• Is the Qatar Central Bank right to ban conventional institutions from offering Islamic finance?
  

13.05 to 13.15

13.15 to 14.55

15.00 to 16.00
Al Dana 1

Session 6a: Industry Leaders Roundtable on the Competitiveness Report: Competing for Growth - Global Research Findings on the Shift to Operational Efficiency and Profitability and Implications for Islamic Banks

The Islamic Banking industry is turning to transforming its operational performance.  Banks across the GCC have earmarked significant funds to overcome the challenge of scale, improve their cost income ratio and make their customer relationships more profitable.  In a way, this is indeed a catch-up phase for an industry that had for a very long time relied purely on the goodwill of its customers.  Now it is about serving them. In the GCC, liquid wealth with affluent Shari’a sensitive individuals is projected to grow by $70 billion over next five years.  Investment in operating model redesign, customer analytics, capital management and regulatory compliance appear to be essential features of the CEOs’ agenda in 2012. Will Islamic banks succeed in making this growth trend sustainable? Ernst and Young’s WIBC Competitiveness Report explores the key trends and success strategies deployed by leading Islamic banks.

Session Leader:
Andrew Barstow
Partner, Mena Advisory Leader for Financial Services
Ernst & Young

Panelists:
Khalid S. Al-Jasser
Chief Executive Officer
Bank AlBilad

Key Discussion Points:

• How can Islamic banks better focus on improving operational efficiencies?
• Overcoming the profitability lag for Islamic banks
• How are the leading industry players improving their operating performance?
  

15.00 to 16.00
Al Dana 2

Session 6b: Interactive Debate: Industry Standardization – Addressing International Imperatives & Challenges

Session Chair:
Prof Andrew White
Director, International Islamic Law & Finance Centre,
Associate Professor of Law
Singapore Management University

Panelists:
Ijlal A Alvi
Chief Executive Officer
The International Islamic Financial Market (IIFM)

Khairul Nizam
Deputy Secretary General
AAOIFI

Lilian Le Falher
Executive Manager, Head of Treasury,
Financial Institutions and Capital Markets,
Kuwait Finance House, Bahrain

Aly El Azhary
Senior Director
Deloitte Saudi Arabia

Key Discussion Points:

• New initiatives to improve the harmonization of Accounting Standards
  
• What can be done to improve Business Practices & Documentation standardization in the Islamic finance industry?
  

15.00 to 16.00
(VIP Room)

Session 6c: Women in Islamic Finance hosted by Norton Rose

Informal networking event for women: This session will allow women in the Islamic finance industry to meet and exchange their views and experiences.

Hosted By:
Farmida Bi
Partner and Head of Islamic Finance, Europe
Norton Rose Group

19.30

21.00