| AGENDA PRESENTATIONS |
The World Bank, in partnership with Capital Markets Board of Turkey, and Albaraka Banking Group organized
a conference entitled, The Role of Sukuk in Development. The conference
brought together policy-makers, standard-setters, market practitioners,
and international organizations to discuss how best to unlock the
potential of sukuk markets in support of growth and development. (source)
In recent years, the Islamic finance industry has
grown rapidly, at more than 15% per annum. Despite its remarkable
growth, Islamic finance is still largely concentrated in the banking
business. In many countries with a significant Islamic finance industry,
markets for Islamic bonds (Sukuk) are still relatively small and
underdeveloped. Well-developed Sukuk markets would create alternative
investment instruments for the Muslim populations and help enhance
access to financial services while deepening the capital markets.
During this one day conference, leading experts from
the International Monetary Fund (IMF), the World Bank Group (WBG), the
Islamic Financial Standards Board (IFSB), the International Islamic
Financial Market (IIFM), government agencies as well as the financial
institutions pioneering in Sukuk issuances shared their experience and
exchanged their views with the participants.
Panels addressed the following key questions:
Panels addressed the following key questions:
| • What are the potential benefits of Sukuk markets? | |||||
| • How can these markets contribute to growth and development in countries with Muslim population? | |||||
| • What are the main policy,regulatory, and institutional requirements for the development of Sukuk markets? |
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| • What needs to be done to unlock the potential of the market? | |||||
| • What are the practical issues relating to the structuring of Sukuk issues? (source - agenda - presentations) |
2012 May Sukuk Conference World Bank Agenda
| PRESENTATIONS |
| GLOBAL SUKUK MARKET: CURRENT STATUS AND GROWTH POTENTIAL Mr. Rafe Haneef, CEO HSBC Amanah Malaysia Behd and Global Co-head of Islamic Finance of Global Markets Asia Pacific |
| THE POTENTIAL ROLE OF SUKUK MARKETS IN ECONOMIC DEVELOPMENT Prof. Dr. Ekrem Pakdemirli – Board Member, Al Baraka Turk |
| PANEL I: DEVELOPMENT OF SUKUK MARKETS: LEGAL, POLICY AND REGULATORY ISSUES |
ROLE OF SUKUK IN DEVELOPMENT: PRUDENTIAL AND REGULATORY ASPECTS
Mr. Abdelilah Belatik, Assistant Secretary-General, IFSB |
| DEVELOPING THE GOVERNMENT SUKUK MARKET Dr. Ghiath Shabsigh, Assistant Director, International Monetary Fund (IMF) |
| EASING THE WAY FOR “LEASE CERTIFICATES” (SUKUK ) IN TURKEY Mr. Ayhan Keser – Assistant General Manager, AlBaraka Turk |
| PANEL II: DEVELOPMENT OF SUKUK MARKETS: INSTITUTIONAL AND MARKET ISSUES |
| RECENT DEVELOPMENTS IN SUKUK STRUCTURING Mr. Anouar Hassoune, CEO, Hassoune Conseil |
| SUKUK OVERVIEW & TRENDS Mr. Ijlal Alvi, CEO, International Islamic Financial Markets |
