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 |
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| | 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 |
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| | Moderator: | Oliver Agha - Managing Partner, Agha & Co and Founding Partner Agha & Shamsi |
| | Panelists: | Stella Cox - Managing Director, DDCap |
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| Avsar Sungurlu - Assistant Managing Director, BMD Securities |
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| Faisal Alshowaikh - Head Islamic financial Services, ABC International Bank |
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| 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 |
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| | 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 |
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| | 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 |
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| | 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 |
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| | 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 |
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| | 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 |
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| | 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 |
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