EVENTS - Islamic Banking Prevents Greed, Abuses, Says Dr Mahathir

BERNAMA.COM - KUALA LUMPUR, Sept 30 (Bernama) -- More countries may resort to Islamic banking systems and principles in order to prevent greed and abuses from taking over, says former Prime Minister Tun Dr Mahathir Mohamad.

He said Islamic banking should stay free from gambling and speculation, from the invention of financial products, and unlimited freedom to create money and leveraging, which had all contributed to the downfall of the riba-based financial system.  (source)

EVENTS - Bank Negara Malaysia held Islamic Finance Seminar with Turkish Financial Community

BNM.GOV.MY - Bank Negara Malaysia recently held a seminar on Islamic Finance in Istanbul, Turkey, in support of the Malaysia International Islamic Financial Centre (MIFC) initiative. Tun Dr Mahathir Mohamad, former Prime Minister of Malaysia delivered his Special Keynote Address at the event. The seminar was held from 28-29 September 2011. (source)

EVENTS - Bank Negara Malaysia - Business Seminar on Islamic Finance, 28-29 September 2011 Istanbul, Turkey

Bank Negara Malaysia (BNM) will be organising a business seminar at The Ritz Carlton in Istanbul, Turkey, from 28th to 29th September 2011. This business seminar is aimed at creating greater linkages between Malaysia and Turkey in the area of Islamic finance and increasing the level of business and financial transactions between the two countries. The main draw of the event is the Business Seminar on Islamic Finance on 29th September 2011 that will feature a special address by His Excellency Tun Dr. Mahathir Mohamad, Former Prime Minister of Malaysia. (source)

WORLD BANK - EVENTS - Live Seminar - Sept 25, 2011 - The Role of Sukuk (Islamic Bonds) in Development

Time:

September 25, 2011, 9 a.m. - 1 p.m.

Venue:

The World Bank Headquarters, J B1-080

Speakers:

IFSB, IMF, HSBC, ABG, Fajr Capital, WBG

Participants:

World Bank-IMF Annual Meetings attendees

Agenda

As part of the 2011 World Bank-IMF Annual Meetings, the World Bank is organizing a Seminar entitled, The Role of Sukuk (Islamic Bonds) in Development. The Seminar will bring together policy-makers, standard-setters, market practitioners, and the World Bank and IMF senior officials to discuss how best to unlock the potential of sukuk markets in support of growth and development.

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 help enhance access to financial services, deepen capital markets and create alternative investment instruments for Islamic populations.

Key questions to be addressed include:

		• What are the potential benefits of Sukuk markets? How can these markets contribute to growth and   development in Muslim countries?
		• What are the main policy 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?

Permanent URL for this page: http://go.worldbank.org/Q8XGSIOB60

EVENTS - IFSB Istanbul April 6, 2011 - In search for a global standard in Islamic banking

Islamic banking is growing rapidly in the aftermath of the global financial crisis, but it desperately needs a global set of standards that every country and institution accepts. Speaking to the Hürriyet Daily News in Istanbul, an expert says the Turkish Central Bank might ‘take the lead’ in this effort. ‘Risk has no religion,’ says Khalid Ferdaus Howladar of Moody’s, adding that he likes the Turkish term ‘participation bank’.

 

Khalid Ferdaus Howladar of Moody's (third from L) is seen on stage with other officials including Turkish Central Bank Gov. Durmuş Yılmaz (third from R) in Istanbul during the 'Seminar on Managing Liquidity In The Islamic Financial Services Industry' held April 6, 2011. AA photo

Turkey may not be ready to take a prominent place in the world of Islamic finance due to the ongoing political tension on religion’s role in the society, but an expert says Islamic finance needs input from the nation on how to proceed.

Noting the often-contradictory interpretations of the principles of Islamic banking, Khalid Ferdaus Howladar, the vice president and senior credit officer of Moody’s in the Middle East, suggested that the Turkish Central Bank might “take the lead” in establishing a global standard that would help Islamic banking become more transparent. (full story)

EVENTS- IFSB - Seminar on Managing Liquidity in the Islamic Financial Services Industry (April 6, 2011)

The Central Bank of Turkey is hosting this Seminar.

Mark your agenda !

Event Detail
Category	:	Awareness Programme
Name	:	[EVE00153] Seminar on Managing Liquidity in the Islamic Financial Services Industry
Description	:	The Central Bank of the Republic of Turkey is hosting this Seminar. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.
Start Date	:	06/04/2011	End Date	:	07/04/2011
Venue Name	:	Grand Ballroom, Conrad Istanbul Hotel
City	:	Istanbul
Country	:	TURKEY

Programme - Event Session(s)
Date	Time	Topics
Day 1 06/04/2011	09:00 - 09:30	Registration
	09:30 - 10:00	Opening and Keynote Session
	10:00 - 11:00	Session 1 - Liquidity Management in the Islamic Financial Services Industry: Risks, Legal and Regulatory Issues The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed.
	11:00 - 11:30	Coffee and Networking Break
	11:30 - 12:30	Session 2 : Infrastructures for Managing Liquidity and Liquidity Risks The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process.
	12:30 - 14:00	Lunch
	14:00 - 15:00	Session 3 : Regulatory Approaches to Liquidity Management in the Islamic Financial Services Industry in Selected Countries The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments.
	15:00 - 16:00	Session 4 : Panel Discussion : Future Development of a Liquidity Management Framework for the Islamic Financial Services Industry The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play.
	16:00 - 16:30	Coffee and Networking Break
	19:30 - 22:00	Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Venue : Tavaci Recep Usta Restaurant, Etiler
Day 2 07/04/2011	09:30 - 10:00	Coffee and Networking Break
	10:00 - 10:30	Keynote Address
	10:30 - 12:00	Session 5 : Panel Discussion : Key Components for Structuring International Liquidity Instruments: Shari`ah, Legal and Rating
	12:00 - 14:00	Lunch