REDmoney events
PAKISTAN
State Bank of Pakistan
Auditorium, Learning Resource Centre, Karachi
27th August 2013

Islamic finance in Pakistan has come a long way since its introduction in the 1970s. With a Muslim population of almost 200 million and increasing demand for Shariah compliant banking products from the grassroots level, there is no doubt that the republic's Islamic finance sector could prove to be a sound contender against flourishing Islamic finance markets such as Malaysia, Indonesia and Saudi Arabia.

The 4th IFN Pakistan Roadshow will again be held under the auspices of the Central Bank of Pakistan and once again, within their compound in Karachi. This not only ensures the central banks' full support and participation, but also that of all leaders locally and many key players from the surrounding region.

Confirmed Speakers

Dr Adnan Aziz - Chief Executive Officer, Islamic Global Distribution Platform (Islamic GDP) and Managing Director IRM Ltd. UK
Ahmed Ali Siddiqui - Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
Dr Amjad Saqib - Founder & Executive Director, Akhuwat Foundation
Ashraf Khan - Executive Director, State Bank of Pakistan
Azeem I Pirani - Regional Head - Pakistan, FWU AG
Azhar Aslam - Head of Islamic Banking, Standard Chartered Bank Pakistan
Daniyal Mufti - Senior Counsel, Dar Al Sharia
Haroon Askari - Deputy Managing Director, Karachi Stock Exchange
Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan
Irfan Siddiqui - President & Chief Executive Officer, Meezan Bank
Irshad Ahmad Aijaz - Shariah Adviser & Member, Shariah Supervisory Board, BankIslami Pakistan
Ishaq Shah - Partner, Ahmed & Qazi
Jawed Hussain - Registrar Modaraba, Securities & Exchange Commission of Pakistan
Kanwar Shahzad - Head of Treasury, Burj Bank
M A Mannan - Executive Director, Silkbank
Mahmood Shaqat - Additional Director - Infrastructure Housing & SME Finance Dept, State Bank of Pakistan
Muhammad Imran - Head of Retail & Consumer Banking, Bank Islami Pakistan
Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group, MCB Bank
Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank
Omar Mustafa Ansari - Partner, Assurance & Islamic Financial Services, EY
Salman Ahmed - Partner and Head of Islamic Finance, Trowers & Hamlins MENA
Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
Syed Amir Ali - Head, Investment Banking, Meezan Bank Limited
Syed Najmul Hussain - Partner, KPMG Taseer Hadi & Co.
Wasim Akhtar Saifi - Global Head of Islamic Banking, Consumer Banking & Chief Executive Officer, Standard Chartered Saadiq, Malaysia
Tanweer Bukhari - Head of Investment Banking & Advisory, CIMB Middle East
Yaseen Anwar - Governor, State Bank of Pakistan
Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
Zubair Haider Shaikh - Senior Executive Vice President & Group Chief, Islamic Banking Group, National Bank of Pakistan
Zulfikar Khokhar - Additional Director, State Bank of Pakistan

Agenda

08:00 - 09:00
Registration
09:15 - 09:30
Welcome Address
09:30 - 10:00
Keynote Address
Yaseen Anwar - Governor, State Bank of Pakistan
10:00 - 11:00
Session One: Advancing Pakistan's Sustainable Growth and Development in the Islamic Finance Market
  • Pakistan's evolving political landscape and its impact on the development of Islamic finance
  • Developing Pakistan's key advantages in the Islamic finance space: high growth rate of local IFIs, strong regulatory support, potential growth in agricultural and mineral assets
  • Industry initiative for promotion of Islamic finance
  • The crucial role of multilateral agencies in enhancing private sector participation and building investor confidence in Pakistan
  • Attracting investment flows from key trading partners: How can Pakistan distinguish itself from its competitors
Moderator: Zulfikar Khokhar - Additional Director, State Bank of Pakistan
Panelists: Ashraf Khan - Executive Director, State Bank of Pakistan
Hasan A Bilgrami - Chief Executive Officer, BankIslami Pakistan
Irfan Siddiqui - President & Chief Executive Officer, Meezan Bank
M A Mannan - Executive Director, Silkbank
Syed Najmul Hussain - Partner, KPMG Taseer Hadi & Co.
11:00 - 11:20
Tea Break & Networking
11:20 - 12:05
Session Two: Assessing the Growth Potential for Shariah Compliant Retail and Commercial Banking Products
  • Financial inclusion: Overcoming the issue of lack of awareness of Islamic retail banking amongst Pakistan's unbanked population
  • Tapping the latent demand for Shariah compliant retail offerings: discussing suitable structures and Shariah considerations for SME, housing and Agriculture sector.
  • Identifying current trends and innovations in product structures globally and application in the Pakistani context
  • Maintaining a competitive advantage through the development of targeted Shariah compliant retail offerings
  • Challenges faced by Islamic retail banks - stiff competition, Shariah concerns and the crucial need for innovative product structures
Moderator: Muhammad Imran - Head of Retail & Consumer Banking, Bank Islami Pakistan
Panelists: Ahmed Ali Siddiqui - Executive Vice President & Head, Product Development & Shariah Compliance, Meezan Bank
Sirajuddin Aziz - President & Chief Executive Officer, HabibMetro Bank
Wasim Akhtar Saifi - Global Head of Islamic Banking, Consumer Banking & Chief Executive Officer, Standard Chartered Saadiq, Malaysia
Zubair Haider Shaikh - Senior Executive Vice President & Group Chief, Islamic Banking Group, National Bank of Pakistan
12:50 - 12:50
Session Three: Legal and Taxation Issues in the Current Islamic Banking Regime
  • Amendments required in legal framework of existing banking laws
  • Issues with current documentation and legal implications
  • Dual taxation issues and its impact on pricing and reputation of Islamic banking
  • What is the industry-wide strategy to address these issues?
  • Is there a need to formally create a forum to interact with the Central Board of Revenue on issues specific to Islamic finance
Moderator: Dr Zeeshan Ahmed - Associate Professor, Karachi School of Business & Leadership
Panelists: Daniyal Mufti - Senior Counsel, Dar Al Sharia
Ishaq Shah - Partner, Ahmed & Qazi
Mujeeb Beig - Senior Vice President and Head Product Development & Research - Islamic Banking Group, MCB Bank
Najeeb Khan - Shariah Advisor, Habib Metropolitan Bank
Omar Mustafa Ansari - Partner, Assurance & Islamic Financial Services, EY
12:50 - 14:00
Lunch
14:00 - 14:40
Session Four: Discussion on Recent Regulatory Development and Growth of Islamic Capital Market in Pakistan
  • Establishment of Shariah board at SECP and its role: A milestone towards promoting accelerated growth in Islamic capital market
  • Discussing recent regulatory guidelines by SECP affecting Islamic financial Institutions
  • Rules of Sukuk and its impact on corporate sector participation
  • What SECP's new Takaful rules will mean for existing Takaful operators and the market in general
  • Shariah compliant mutual fund industry
  • Revival of Moderabas: what to do to make it a success story for the world
  • What further regulatory guidelines are in the pipeline to advance the development of Pakistan's capital market
Moderator: Azeem I Pirani - Regional Head - Pakistan, FWU AG
Panelists: Dr Adnan Aziz - Chief Executive Officer, Islamic Global Distribution Platform (Islamic GDP) and Managing Director IRM Ltd. UK
Haroon Askari - Deputy Managing Director, Karachi Stock Exchange
Jawed Hussain - Registrar Modaraba, Securities & Exchange Commission of Pakistan
Muhammad Shoaib Ibrahim - Chief Executive Officer and Managing Director, First Habib Modaraba
Salman Ahmed - Partner and Head of Islamic Finance, Trowers & Hamlins MENA
14:40 - 15:20
Session Five: Development in Project Financing through Sukuk
  • Balancing the need for innovative product structures with effective governance of regulatory and Shariah risks
  • Addressing the underperformance of corporate Sukuk deals in Pakistan - does the success of sovereign Sukuk come at the expense of corporate issuances?
  • Factors hindering the growth of corporate Sukuk issuance - domestic demand, tax treatment, lack of secondary market activity - and steps to overcome them
  • Are Shariah compliant structures well suited to meet the needs of Pakistan's infrastructure development projects?
  • Addressing the disconnect between the need for project and infrastructure funding and the availability of Shariah compliant funding instruments
  • Examining issues relating to fees, distribution, intermediaries, advisors and cost efficiency
Moderator: Syed Amir Ali - Head, Investment Banking, Meezan Bank Limited
Panelists: Azhar Aslam - Head of Islamic Banking, Standard Chartered Bank Pakistan
Irshad Ahmad Aijaz - Shariah Adviser & Member, Shariah Supervisory Board, BankIslami Pakistan
Kanwar Shahzad - Head of Treasury, Burj Bank
Mahmood Shaqat - Additional Director - Infrastructure Housing & SME Finance Dept, State Bank of Pakistan
Tanweer Bukhari - Head of Investment Banking & Advisory, CIMB Middle East
15:20 - 15:40
Presentation: Outlook and Future Prospects for Islamic Microfinance In Pakistan
Dr Amjad Saqib - Founder & Executive Director, Akhuwat Foundation
15:40 - 16:00
Closing Address
SUPPORTED BY

State Bank
of Pakistan

 

SPONSORS AND PARTNERS

SUPPORTED BY
AAOIFIInternational Islamic Financial Market
MULTILATERAL STRATEGIC PARTNER
The Islamic Corporation for the Development of the Private Sector (ICD)
EXCLUSIVE KNOWLEDGE PARTNER
CIMB Islamic
EXCLUSIVE SHARIAH ADVISORY PARTNER
Dar al Sharia
ROADSHOW PARTNERS
Emirates NBD Group
FWU Group
IdealRatings
Russell Indexes
Standard Chartered Saadiq
Trowers &  Hamlins
ROADSHOW ASSOCIATES
DDCAP Group
Khalij Islamic
BRANDING SPONSOR
GLOMIF
LEAD MEDIA PARTNER
Islamic Finance news
MEDIA PARTNERS
AlHuda Centre of Islamic Banking and Economics
Business Islamica
Capital Business
ECONOMISTAN
The Financial Daily
The Lahore Times
True Banking Magazine

 

 

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