Monday, 24 October 2011

EVENTS - IFN Roadshow (Nov 3, 2011 - Istanbul)


Agenda hereunder and on website

08:00 – 09:00 Registration & refreshment
09:00 - 09:15 Welcome remarks
Osman Akyuz- Secretary General, The Participation Banks Association of Turkey
09:15 – 09:30 Opening Speech
Huseyin Erkan - Chairman & Chief Executive Officer, Istanbul Stock Exchange
09:30– 10:15 Session One
CEO Session: Turkey and the Growth of Participation Finance
Examining the latest developments in the Turkey participation financing market
Where does participation financing stand in Turkey now?
The launch of the participation index: What does this mean for the interest-free market?
Realizing Turkey's potential as a bridge between the Middle East and Europe's Islamic financial markets
Capitalizing from a stable economy, proximiy to oil-rich gulf nations and raising interest rates
Learning from the Malaysian and European markets
Moderator: Oliver Agha - Managing Partner, Agha & Co and Founding Partner Agha & Shamsi
Panelists: Stella Cox - Managing Director, DDCap

Avsar Sungurlu - Assistant Managing Director, BMD Securities

Faisal Alshowaikh - Head Islamic financial Services, ABC International Bank

Neil D Miller - Global Head Islamic Finance, KPMG
10:15 – 10:30 Presentation
Dual Tranche Murabahah syndicated financing for Citibank in Turkey
Mohammed Paracha- Partner & Head Islamic Finance, Middle East & Africa Norton Rose (Middle East)
10:30 – 11:00 Break and networking
11:00 – 12:00 Session Two
Participation Certificate and the Interest-Free Capital Market in Turkey
Identifying developments in the participation certificate market since the first issue was released in 2010
On-shore Vs. off-shore participation certificate securitizations
The market for sovereign and corporate issuances for fund raising purposes
Tapping the international participation certificate market: Setting benchmarks for corporate issues
Developing participation certificates as an alternative financing instrument: Reducing reliance on dollars and diversifying risk
Growing the secondary market: Participation certificate pricing and structural complexity
Certificate Credit Ratings : Improving Access to international Markets
Moderator: Rizwan Kanji - Partner, King & Spalding
Panelists: Yavuz Yeter- Vice President Investment Banking, Kuveyt Turk
Hulusi Horozoglu - Director, Global Islamic Banking, Citigroup
Cenk Karacaoglu - Vice President, Asya Katilim Bankasi
Khalid Howladar- Vice President, Senior Credit Officer, Middle East & Islamic Structure Financing, Moody's Investors Service
Bircan Akpinar - Head of Corporate Finance Department, Capital Markets Board of Turkey
12:00 - 12:45 Session Three
Liquidity and the Growth of Islamic Financial Product Base in Turkey
Addressing the potential for the growth of other interest-free financial products, and increasing Turkey's product base
Addressing the decrease in cross border Murabahah transactions: what needs to be done?
The market and growth of interest-free products: Syndicated loans, Tawarruq, investment funds
Discovering the market appetite for Takaful and reTakaful products
Addressing the absence of participation instruments for central bank funding: Participation certificates, private debt securities, medium-term notes
Takaful- Opportunities and challenges in emerging markets
International Islamic liquidity Management Corporation (IILMC): Its role in Turkey in providing liquidity for participation finance products
Moderator: Mohammed Paracha - Partner & Head Islamic Finance, Middle East & Africa Norton Rose
Panelists: Arda Akarsu - Senior Manager, Turk Ekonomi Bankasi- BNP Paribas
Mehmet Fatih Bulac - Vice President & Head International Financial Institutions, Turkiye Finans Participation Bank
Mohammed Jalaluddin - President, Ansar Financial Group Canada
Safder Jaffer- Takaful Practice Leader & Consulting Actuary- Middle East, Milliman
12:45 – 14:00 Lunch
14:00 – 14:15 REITs Case-Study :Lessons from Malaysia for Turkey in the REIT sector
Abdulkader Thomas - President & Chief Executive Officer, SHAPE™ Financial Corp.
14:15 – 15:00 Session Four
Turkey's Participation Finance Regulatory & Taxation Developments
Examining key developments and reforms facilitating the growth of Turkey's interest-free financial market
Amendments of laws facilitating participation certificate issuance: How has this helped the market?
The impact of tax neutrality on Sukuk Al-Ijara on the development of Interest-free capital markets
Turkey’s governing laws: Easing barriers to Shariah compliant products
Addressing grey areas in laws amended by the Turkish government
The issue of double taxation: Managing participation products in the current regulatory environment
Tax effect of an on-shore Vs. off-shore participation certificate
Moderator: Shibeer Ahmed - Partner, White & Case
Panelists: Cihat Kostas - Manager Tax Services, PwC
Rachid Ouaich - Director, Wafra Capital Partners
Abdulkadir Kahraman - Financial Services Tax Partner & Head of Tax, KPMG Turkey
Abdulkader Thomas - President & Chief Executive Officer, SHAPE™ Financial Corp.
15:00 - 16:00 Networking