EVENTS - Conference on the Role of Sukuk in Development, Istanbul, Turkey, May 18, 2012

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:

		•  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?
		•  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)

EVENTS - IFSB SUMMIT - Industry Leaders Discuss the Impact of Global Regulatory Reforms on the Islamic Financial Services Industry

www.ifsb.org -  Industry Leaders Discuss the Impact of Global Regulatory Reforms on the Islamic Financial Services Industry  Istanbul, 17 May 2012 - There is a need to find the remedy to the challenges facing the global financial services industry. Islamic finance provides a solution but legal and regulatory challenges facing the industry need to be addressed.

This was the consensus of the distinguished speakers at the first day of the 9^th IFSB Summit themed as “Global Financial Reforms: The Changing Regulatory Model and Islamic Finance” that is hosted by the Central Bank of the Republic of Turkey. (source)

EVENTS - IFSB SUMMIT - Towards Strengthening the Resilience and Stability of Islamic Finance: Speech

www.ifsb.org - Date : 16 May 2012 - Event / Venue: 9th IFSB Summit - Global Financial Reforms: The Changing Regulatory Model and Islamic Finance | Istanbul, Turkey - Speaker : Jaseem Ahmed, Secretary General, IFSB

I am pleased to welcome you to the 9th Summit of the Islamic Financial Services Board. Our theme for this Summit is Global Financial Reforms: The Changing Regulatory Model and Islamic Finance.

We are delighted to be holding this Summit in the beautiful city of Istanbul. I would like to thank everyone in this city who has made us feel so welcome. I would like especially, of course, to thank H.E. Governor Erdem Basçi of the Central Bank of the Republic of Turkey for his strong support to the IFSB and for hosting our Summit in such a vibrant financial, cultural and intellectual centre.

We hope that the full vibrancy of the global Islamic financial services industry will be on view here in Istanbul during the Summit. (source)

EVENTS - IFSB SUMMIT - Turkey seeks market capitalism alternatives

www.saudigazette.com.sa - ISTANBUL — If you have any doubt that Islamic finance is creeping into the mainstream global financial system where it matters, albeit cautiously and perhaps in some instances even apologetically, then you should have been in Istanbul last week.

Perhaps Turkey may not be perceived as the natural bedfellow of the Islamic finance industry, but contrary to popular misconception, next year will be the 30th anniversary of the introduction of the special decree (No. 831/7506 of 16 December 1983 issued by the Council of Ministers) allowing the establishment of Special Finance Houses (the euphemism for interest-free Islamic banks).

Armed with the ambition of transforming Istanbul into a regional and international financial center (and no financial center these days can be complete without also offering an Islamic banking and investment proposition) and with the sovereign debt chaos emanating from the West European continent, Turkey like several other countries is seeking alternatives to the unbridled market capitalism responsible for the near meltdown. (source)

EVENTS - IFSB Summit - Islamic Financial Services Industry Helpıng to Enhance the Resilience and Stability of the Global Financial System

www.ifsb.org -Islamic Financial Services Industry Helpıng to Enhance the Resilience and Stability of the Global Financial System

Istanbul, 16 May 2012 – The intrinsic strengths of Islamic financial services industry, if fully explored, could help build a robust, resilient and just financial system that not only supports growth and economic activity but also ascertains a more inclusive financial system. This was among the discussions made by the distinguished speakers at the Opening and Keynote Session of the 9^th IFSB Summit that commenced in the Istanbul, Turkey today. The 2-day IFSB Summit themed as “Global Financial Reforms: The Changing Regulatory Model and Islamic Finance” is being hosted by the Central Bank of the Republic of Turkey and is being attended by more than 200 delegates across the globe comprising of officials and representatives from international institutions, supervisory bodies, market players, academia, rating agencies and other stakeholders of Islamic financial services industry. (source)

EVENTS - IFSB - Malaysia Leverages its Islamic Finance Experience to Promote Global Financial Linkages at Country Showcase during 9th Annual IFSB Summit in Istanbul

www.ifsb.org -Malaysia Leverages its Islamic Finance Experience to Promote Global Financial Linkages at Country Showcase during 9th Annual IFSB Summit in Istanbul

Kuala Lumpur, 10 May 2012 – Malaysia will showcase its vast experience in Islamic banking and finance with a Country Showcase event preceding the 9th Annual Summit of the Islamic Financial Services Board (IFSB) which is scheduled to be held on 16 - 17 May 2012 at the Swissotel, The Bosphorus in Istanbul, hosted for the first time by the Central Bank of the Republic of Turkey. (source)

EVENTS - Turkey Showcases the Role of Islamic Money and Capital Markets at the 9th Annual IFSB Summit in Istanbul in May

www.ifsb.org - Turkey Showcases the Role of Islamic Money and Capital Markets at the 9th Annual IFSB Summit in Istanbul in May Kuala Lumpur, 25 April 2012 - Turkey, the host country of the upcoming 9th Annual Summit of the Islamic Financial Services Board (IFSB) which is scheduled to be held at the Swissotel, The Bosphorus in Istanbul on 16 - 17 May 2012, is positioning itself as an important Islamic capital and money market.

The Central Bank of Turkey, which is hosting this year’s IFSB Summit, is organising as a pre-Summit event, a landmark Country Showcase in association with the Yildiz Technical University in Istanbul on the pertinent theme “The Role of Interest-free Financial Instruments in the Money and Capital Markets”.

 The theme of the Turkey Showcase has important synergies with the Summit theme, ‘Global Financial Reforms: The Changing Regulatory Model and Islamic Finance’ which aims to evaluate whether reforms in financial regulation structure and prudential standards equally equip the Islamic financial services industry in addressing its future challenges as well as identifying the priority areas in the prudential regulation of Islamic finance that may need focus and attention by regulators and market players alike. (source)

EVENTS - IFSB SUMMIT ISTANBUL - Invitation to the Malaysia Country Showcase & Business Roundtables 15 May 2012, Istanbul, Turkey

Programme MCS - Foreign

EVENTS - IFSB SUMMIT ISTANBUL - Invitation to the Malaysia Country Showcase & Business Roundtables 15 May 2012, Istanbul, Turkey

MIFC Business Roundtables_revised

EVENTS - IFSB SUMMIT ISTANBUL - Invitation to the Malaysia Country Showcase & Business Roundtables 15 May 2012, Istanbul, Turkey

Invitation to the Malaysia Country Showcase

& Business Roundtables

15 May 2012, Istanbul, Turkey

Bank Negara Malaysia (the Central Bank of Malaysia) will be organizing the Malaysia Country Showcase (Showcase) on 15 May 2012 at Swissotel The Bosphorus, Istanbul, Turkey. The Showcase is held in conjunction with the 9 th Islamic Financial Services Board Summit and organised in support of the Malaysia International Islamic Financial Centre (MIFC) initiative.

Themed “Promoting greater financial and economic linkages in Islamic finance”, the Showcase business panel session will discuss current issues and developments in global Islamic finance. Approximately 150 participants
comprising leaders of the financial and business communities are expected to attend the Showcase.

In addition to the Showcase event, three parallel Business Roundtable sessions will be organized separately by the Securities Commission of Malaysia, the Association of Islamic Banking Institutions Malaysia and the
Bond Pricing Agency Malaysia. The objectives of the Roundtables are to further enhance collaboration and linkages between Malaysia and other global economies, in particular Turkey, and to highlight the Malaysian
financial community’s capabilities in offering Islamic financial products and services to the global community.

In this regard, Bank Negara Malaysia is pleased to invite you and your representative(s) to participate in the Showcase and Business Roundtables. You may also wish to invite your clients and representatives from your
group entities to participate in our event. We would appreciate if your good office could confirm your participation and other representatives in the Showcase to

Mr. Noor Fikri Mohd Fadhil at +603 9179 2236/ fikri@bnm.gov.my or
Ms Norhasmiza Haimid at +603 9179 2226/ norhasmi@bnm.gov.my

by 18 April 2012, providing name, designation, telephone and email address.

For participation to attend the Business Roundtables, please contact the relevant officers as stated in the respective programmes. Attached, the programmes for the Malaysia Country Showcase and Business Roundtables for your reference.

Thank you and regards,

MIFC Promotions Unit
Bank Negara Malaysia
Kuala Lumpur, Malaysia

EVENTS - Northern Cyprus to host Islamic Development Bank's forum

www.worldbulletin.net - The forum is important to introduce investment potential of TRNC to foreign investors.

Turkish Republic of Northern Cyprus (TRNC) will host a forum on "Investment in Northern Cyprus" which will be organized by Islamic Development Bank on Thursday.

TRNC Foreign Minister Huseyin Ozgurgun told AA on Wednesday that nearly 2,000 businessmen would arrive in TRNC tomorrow within the scope of the forum which would end on April 13.  (source)

CALL FOR PAPERS - 4th Global Islamic Marketing Conference - Istanbul Turkey 20-21 May 2013 - Submission deadline March 1, 2013

2012 Islamic Turkey Calll Papers Istanbul Marketing

BANKING - Becoming finance base a hard task for Istanbul - Celik (Bank Asya) predicts growth for participation banking

www.hurriyetdailynews.com - Professionals from Turkey’s biggest lenders, participating in the 1st Uludağ Economy Summit, expressed their support for Turkey’s bid to make Istanbul into a regional finance center, while saying that the task will not be an easy one.

While London tops the list of world finance centers, Istanbul remains at number 62 out of 75, said Faik Açıkalın, general manager of Yapı Kredi Bank, speaking at the summit, held in the northwestern province Bursa. Since the start of the economic crisis in 2008, many foreign investors and financial institutions have left Dubai, Açıkalın added. “This is a chance for Turkey.” However, according to Açıkalın, Turkey’s dream will not be easy to realize, due to Istanbul’s current performance compared to its competitors across the world. “Despite the crisis, the list of Europe’s Top 20 finance centers includes Athens, but Istanbul does not appear on the list. Seoul, Shanghai and Singapore are in the list of possible candidates as global finance centers, but Istanbul is not.”  (source)

EVENTS - 9th IFSB Summit - 15-17 May 2012 Istanbul - Official Website open

go there

original post

EVENTS - 9th Islamic Financial Services Board Summit - Global Financial Reforms: The Changing Regulatory Model and Islamic Finance (May 15-17, 2012)

Registration	:	View in PDF

Program hereunder or visit website IFSB

EVENTS - Islamic banking today and today's applications (Dec 10, 2011 - Istanbul)

Source

WORLD - FINANCE - Thomson Reuters Launches World's First Islamic Interbank Rate

Thomson Reuters works with leading Islamic finance institutions and banks to provide objective and dedicated benchmark for Shariah-compliant short-term interbank funding in Islamic finance industry

New York, London, Bahrain — Thomson Reuters today launched the world's first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for the average expected return on Shariah-compliant short-term interbank funding. The Islamic Interbank Benchmark Rate (IIBR), announced at the 18th Annual World Islamic Banking Conference in Bahrain, uses the contributed rates of 16 Islamic banks and the Islamic sections of conventional banks to provide a reliable and much-needed alternative for pricing Islamic instruments to the conventional interest-based benchmarks used for mainstream finance. (source)

EVENTS - 9th IFSB Annual Summit to be held in Istanbul, Turkey (May 16-17, 2012)

Kuala Lumpur, 17 November 2011 - The Islamic Financial Services Board (IFSB) is organising its 9th Summit on 16 – 17 May 2012 in Istanbul, Turkey. The Central Bank of the Republic of Turkey (CBRT) is kindly hosting this landmark IFSB annual event. (source)

EVENTS - Summit on scalable business model for Islamic Microfinance (Jan 31-Feb 1, 2012 - Istanbul)

original post here

download brochure here

the organizer of the event hansonwade.com did post a survey that might be of interest to you - the link to that survey is here

CAPITAL MARKETS - KFH unit’s second sukuk stirs delight in Turkish markets

As Kuveyt Turk Participation Bank (KTPB), which is majority owned by Kuwait Finance House (KFH), one of the largest Islamic banks in the world, ponders the successful closure last week of its $350 million 5-year Sukuk Al-Ijara, its second issuance to date, there is already talk of future forays into the global financial market to raise even longer term funding subject to the usual caveats of timing and market conditions. (source)