World Takaful Conference

AGENDA: Tackle the Key Issues:

CONFERENCE DAY 1: 14th April 2008

08:00 to 09:00     Registration and Refreshments
09:00 to 09:05     Moderator’s Opening Remarks
                           Naser El Tibi, Stock Watcher

CNBC Arabiya

09:05 to 09:35
(09:05 to 09:20) Inaugural Keynote Address

Nasser Mohammed Bin Hussein Alshaali

                           Chief Executive Officer,
                           Dubai International Financial Centre                            Authority

(09:20 to 09:35)   Syed Moheeb Syed bin Syed Kamarulzaman
                           President & Chief Executive Officer
                           Takaful Ikhlas Sdn Bhd

09:35 to 10:35
Session 1: Identifying the Real Growth Opportunities for Takaful in International Markets

(09:35 to 09:50)   Dr. Saleh J. Malaikah,
                           Vice Chairman & CEO, SALAMA Islamic
                           Arab Insurance Company (P.S.C), &
                           Chairman, Rusd Investment Bank

(09:50 to 10:05)   Mohammed Muqeem,
                           Chief Executive Officer
                           HSBC Amanah Takaful (Malaysia)

(10:05 to 10:20)   Chakib Abouzaid,
                           Chief Executive Officer
                           Takaful Re Limited

Launching Takaful in the UK: Countdown to Launch

(10:20 to 10:35) Bradley Brandon-Cross

Chief Executive Officer

British Islamic Insurance Holdings, UK

Key Discussion Points:

• New growth and global market opportunities for Islamic insurance products

• Assessing recent developments in the global Takaful landscape

• Capturing growth opportunities in key Takaful product segments: Life vs. Non-Life product growth horizons

10:35 to 11:50
Session 2: Mapping the Next Generation of Takaful Solutions: Leveraging Product Innovation as a Growth Engine

Takaful Requires More Than Product Innovations

(10:35 to 10:50) Parvaiz Siddiq, General Manager

SALAMA

– Islamic Arab Insurance Company (P.S.C)

Mapping the Next Generation of Takaful Solutions

Challenges & Opportunities

(10:50 to 11:05) Ashraf Adnan Bseisu

Deputy Chief Executive Officer

Solidarity Group

(11:05 to 11:20) Oussama A. Kaissi

General Manager
Abu Dhabi National Takaful Company

Next Generation of Takaful Solutions: A Regional Approach

(11:20 to 11:35)   Bernhard U. Schluep
                           Chief Executive Officer
                           t’azur – regional Takaful Company

(11:35 to 11:50) Ajmal Bhatty

CEO Takaful & Chief Operating Officer

Tokio Marine Middle East Ltd

Key Discussion Points:

• Exploring the latest innovations in Takaful products

• What will the next generation of Islamic insurance solutions look like?

• Innovations in Family Takaful Products: Models and Operational Issues

11:50 to 12:20 Opening of the World Takaful Exhibition &
Refreshment Break

12:20 to 13:00

Session 3: The Launch of the Ernst & Young World Takaful Report 2008

Providing a powerful research base for debate and original new insights into the industry, the World Takaful Report, developed in collaboration with Ernst & Young, will analyse the key trends shaping the industry, map out the strategic direction of the market leaders and probe the emerging landscape of opportunities. This presentation will highlight the key Findings of the Report.

(12:20 to 12:25) Session Introducer:

Sohail Jaffer, Partner- International Business Development
FWU International

(12:25 to 13:00)   Presenter:
                           Sameer Abdi, Partner-
                           Head of Islamic Financial Services Group
                           Ernst & Young (Bahrain)

13:00 to 13:25

Session 4: Leveraging Bancassurance as a Key Growth Channel: Interactive Debate on the Challenges & Opportunities of BancTakaful

(13:00 to 13:05)   Discussion Leader

(13:05 to 13:25)   Pervez Ahmad Rizvi
                           Chief Financial Officer
                           HSBC Amanah Takaful (Malaysia)

                           Panel Discussion:
                           Oussama A. Kaissi

General Manager
Abu Dhabi National Takaful Company

Sohail Jaffer, Partner -
International Business Development

FWU International

Dawood Yousef Taylor, General Manager of Takaful Ta’awuni Division

Bank Al Jazira

V. A Tommy

Deputy General Manager
Al Rajhi Insurance Co. Ltd

Key Discussion Points:

• Integrating Takaful within the Bancassurance model

• What are the real distribution synergies – and challenges?

• Where is the strategic fit and how effective can BancTakaful be?

13:25 to 13:45
Session 5: Assessing the Prospects for the Re-Takaful Market

(13:25 to 13:35) Chakib Abouzaid, Chief Executive Officer

Takaful Re Limited

Will Re-Takaful ever outgrow conventional reinsurance?

(13:35 to 13:45) Yassir Albaharna, Chief Executive Officer
Arab Insurance Group (ARIG)

Key Discussion Points:

• Challenges and opportunities for the Re-Takaful industry

• The Role of Re-Takaful operators versus conventional reinsurers: Envisioning the future

13:45 to 14:10

Session 6: The Shari’ah & Business Open Forum: Enabling Consistency and Innovation for the Takaful Industry

                           Panel Discussion
                           Sheikh Nizam Yaquby,
                           Leading Shari’ah Scholar

                           Dr. Aznan Hasan, Assistant Professor                            International Islamic University & Shariah                            Advisor, Shariah Advisory Council-
                           Bank Negara Malaysia

Key Discussion Points:

• Reviewing the Shari’ah framework for Takaful

• Development of Takaful products - A Shari’ah Perspective

• Towards consistency of standards in Shari’ah rulings for the Takaful industry

14:10 -15:30 Conference Luncheon

15:30 Close of Day 1

CONFERENCE DAY 2: 15th April 2008

08:00 to 09:00 Refreshments

09:00 to 09:05   Moderator’s Opening Remarks
                           Naser El Tibi, Stock Watcher,
                         CNBC Arabiya

09:05 to 09:55
Session 7: Creating an Enabling Regulatory Framework for the Sustainable Success of the Takaful Industry

(09:05 to 09:15)   Peter Casey, Director- Policy
                           Dubai Financial Services Authority

Regulation of Takaful - some issues in Asia

(09:15 to 09:25)   James A Smith, Executive Director -                            Global Financial Services
                           Ernst & Young (Hong Kong)

Regulation of Takaful: the UK environment
(09:25 to 09:35)   Richard Grainger
                           Senior Manager- Financial Services

Ernst & Young (London)

(09:35 to 09:45) Panel Discussion

Key Discussion Points:

• Key jurisdictional developments of regulatory frameworks for Takaful and Retakaful companies

• Evaluating the regulatory frameworks for Takaful versus conventional business: Establishing supervisory frameworks

• Assessing the current landscape for legal and regulatory issues

• Supervision & Regulation: International insights

09:45 to 10:15
Session 8: Interactive Debate - Capturing Growth Opportunities in Key Takaful Product Segments: Assessing the Future Outlook for Life, Pension & Health Products

Panelists:

David T. Youssef, Managing Director

                           Goodhealth Worldwide (Middle East) LLC

                           Ayman Alajmi, General Manager -
                           Arabian Region
                           AIG Takaful – ENAYA B.S.C. (c)

                           Bassel Hanbali
                           Industry Professional

10:15 to 10:45   Refreshment Break & Networking at the                            World Takaful Exhibition

10:45 to 11:40
Session 9: Key Business Drivers and Operational Issues for Takaful Operators

(10:45 to 10:50)   Session Introducer & Chair
                           Dato’ Hassan Kamil
                           Group Managing Director
                           Syarikat Takaful Malaysia Berhad Speakers

Overcoming Obstacles to Realize the Potentials

(10:50 to 11:00)   Ayman Alajmi
                           General Manager - Arabian Region
                           AIG Takaful – ENAYA B.S.C. (c)

(11:00 to 11:10)   Hari Padmanabhan
                           Deputy Managing Director
                           3i Infotech Ltd.

Human Resource - The Brand Ambassador in Takaful

(11:10 to 11:20) Munshif Hussain, Consultant - HR/Strategic Planning

Amãna Takaful PLC

(11:20 to 11:30)   Susan Dingwall, Partner (Insurance/
                           Reinsurance Dispute Resolution)
                           Norton Rose

(11:30 to 11:40)   Panel Discussion

Key Discussion Points:

• Challenges faced by Takaful operators

• Risk management challenges in the context of Islamic insurance

• Accounting and governance challenges for Takaful Business

• Role of HR in promoting Takaful

11:40 to 11:55

Session 10: International Financial Principles & Insights into the Ratings Process for Takaful Operators

                           Carlos Wong-Fupuy
                           Managing Senior Financial Analyst
                           A.M Best

Key Discussion Points:

• How are Takaful companies rated?

• Assessing the ratings process for Takaful / Re-Takaful companies

11:55 to 12:25

Session 11: Asset Management for Takaful: Opportunities for Collaboration

(11:55 to 12:05) Douglas Clark Johnson
Chief Executive Officer

                           Calyx Financial LLC

Investment portfolio composition for Takaful companies: Actual vs. Desired
(12:05 to 12:15)    A. Rahman Tolefat, Head,
                           Licensing & Policy,
                           Central Bank of Bahrain

Asset Management- What Takaful Companies are doing now and Challenges for Future

(12:15 to 12:25) Dr. Omar Clark Fisher, Managing Director-
Takaful Business Development

t’azur – regional Takaful company

Key Discussion:

• Exploring key developments in asset management for Takaful companies

12:25 to 13:00
Session 12: The WTC 2008 Power Table- Internationalisation of the Takaful Industry: Opportunities & Challenges

(12:25 to 12:30) Discussion Leader:

                           Najeeb Rana, Head of Islamic Financial                            Services (IFSG),
                           Ernst & Young (Dubai)

(12:30 to 13:00)   Panel Discussion
                           Yassir Albaharna
                           Chief Executive Officer
                           Arab Insurance Group (ARIG)

                           Mohamed H. El- Dishish, Chief Financial                            Officer, Compliance & Anti Money                            Laundering Reporting Officer
                           Takaful Re Limited

                           Oussama A. Kaissi, General Manager
                           Abu Dhabi National Takaful Company

                           Dawood Yousef Taylor, General Manager                            Takaful Ta’awuni Division
                           Bank Al Jazira

Key Discussion Points:

• Realising the potential of the Takaful industry

• Key global and regional development opportunities for Takaful players

• Islamic Insurance: Trends, opportunities and future prospects for Takaful

13:00 to 14:30     Conference Luncheon

14:30                  Close of The 3rd Annual
                           World Takaful Conference 2008