REDmoney events
TURKEY
Borsa Istanbul
3rd September 2013

Hosting a Roadshow in Turkey needs no explanation. With 70 million Muslims, four rapidly growing domestic participation banks, numerous external financial service providers, and now a government showing its commitment to growing the Islamic finance industry with the 2010 US$100 million Sukuk, Turkey is perhaps the most vibrant of markets in the industry today.

First held in 2009, the IFN Roadshow in Istanbul has continued to develop and mature. Over 80 delegates attended in 2010, over 120 in 2011 and over 170 in 2012 and all senior industry practitioners. In 2013, with more support than before, we expect audience numbers to increase yet again. And with the full support from the Central Bank, Borsa Istanbul and the Participation Banks Association of Turkey, this is an event to add to your diary early.

Confirmed Speakers

Abdulkadir Kahraman - Partner, Head of Tax, KPMG Turkey
Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg
Asim Khan - Managing Director, Khalij Islamic
Avsar R Sungurlu - Assistant Managing Director, BMD Securities
Ayhan Keser - Executive Vice President, Albaraka Turk Participation Bank
Baljeet Kaur Grewal - Managing Director & Vice Chairman, Kuwait Finance House Research
Cenk Karacaoglu - Vice President, Financial Institutions Division, Bank Asya
Erkan Tercan - Counsel, Paksoy
Evren Yazman - Executive Director, Global Emerging Markets, JP Morgan Chase
Faisal Fazli - Vice President, Global Islamic Banking, Citigroup Global Markets
Farmida Bi - Partner, Head of Islamic Finance - Europe, Norton Rose Fulbright
Feyzullah Egriboyun - Executive Vice President, Bank Asya
Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital
Hulusi Horozoglu - Director, Head of Global Capital Financing and Debt Finance, Global Banking, HSBC Turkey
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul
Ilhami Koc - Deputy Chief Executive Officer, Isbank & Chairman, IS Investment
Jawad Ali - Managing Partner - Middle East Offices, King & Spalding
Magdy Eissa - Vice President, Business Development, IdealRatings
Mehmet Fatih Bulac - Vice President, Financial Institutions & Islamic Syndications, Turkiye Finans
Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic, Malaysia
Mohammad Farrukh Raza - Managing Director, IFAAS
Mohammed Paracha - Partner, Joint Head of Islamic Finance, Norton Rose Fulbright (Middle East)
Murat Cetinkaya - Deputy Governor, Central Bank of Turkey
Murat Hatipoglu - Director, Advisory Services - Financial Services Lead, EY Turkey
Murat Turker - Vice Chairman, Banking Regulation and Supervision Agency (BRSA)
Mustafa Begun - Vice President, Investment Banking, Kuveyt Turk
Dr Nusret Cetin - Senior Legal Counsel, Capital Markets Board of Turkey
Rizwan Kanji - Partner, King & Spalding
Salman Ahmed - Partner, Head of Islamic Finance MENA, Trowers & Hamlins
Dr Serdar Sümer - Executive Vice President, Capital Markets Group, Aktif Bank
Shahin Mansuri - Senior Director, Investment Banking at Bank Alkhair
Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai
Sohail Zubairi - Chief Executive Officer, Dar Al Sharia Legal & Financial Consultancy
Stella Cox - Chief Executive Officer, DDCap
Vahdettin Ertas - Chairman, Capital Markets Board of Turkey

Agenda

08:00 - 09:00
Registration
09:00 - 09:15
Welcome Address
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul
09:15 - 09:30
Opening Keynote Address
Vahdettin Ertas - Chairman, Capital Markets Board of Turkey
09:30 - 10:20
Session One: Sustaining Turkey's Exceptional Growth and Development in the Participation Finance Market
  • Role of market players and regulatory bodies in maintaining Turkey's impressive advances in the participation capital market
  • What do Turkey's sovereign issuances signify to the market and outlook for future issuances
  • Examining notable issues in the past year and why they succeeded: Turkiye Finans US$500 million Sukuk Murabahah, Bank Asya US$380 million syndicated financing facility, Republic of Turkey US$3 billion sovereign issuances
  • Discussing the crucial need for a robust equity market as a balance to the thriving domestic Sukuk market
  • Outlook for Sukuk transactions from Turkey's conventional banks in the coming year
  • Evolving landscape: what do the new rules mean for the establishment of new participation banks in Turkey and what role will the new state-owned participation banks play
Moderator: Hulusi Horozoglu - Director, Head of Global Capital Financing and Debt Finance, Global Banking, HSBC Turkey
Panelists: Ayhan Keser - Executive Vice President, Albaraka Turk Participation Bank
Feyzullah Egriboyun - Executive Vice President, Bank Asya
Hitesh Asarpota - Director, Capital Markets & Structured Finance, Emirates NBD Capital
Dr Ibrahim M Turhan - Chairman & Chief Executive Officer, Borsa Istanbul
Rizwan Kanji - Partner, King & Spalding
Shahin Mansuri - Senior Director, Investment Banking at Bank Alkhair
10:20 - 10:35
Keynote Address
Murat Cetinkaya - Deputy Governor, Central Bank of Turkey
10:35 - 10:50
Presentation: Assessing the Growth Potential for Shariah Compliant Banking & Financial Inclusion in Turkey
Baljeet Kaur Grewal - Managing Director & Vice Chairman, Kuwait Finance House Research
10:50 - 11:05
Keynote Presentation: Driving Innovation in Sukuk and Islamic Capital Markets Regulations to Support Growth
Murat Turker - Vice Chairman, Banking Regulation and Supervision Agency (BRSA)
11:05 - 11:20
Break & Networking
11:20 - 12:10
Session Two: Recent Developments in Regulations, Product Structures & the Global Economy: Overall Impact on the Islamic Capital Market in Turkey
  • Diversifying participation finance offerings: significance of the Capital Markets Board's rules and tax regulations supporting the use of new structures for Sukuk issuances
  • Cross border Sukuk issuance: Overcoming complexities in a civil law jurisdiction and leveraging opportunities through project and infrastructure financing
  • Examining the revised legislation on foreign ownership of real estate and its impact on attracting further investments from the Gulf
  • Malaysia's firsthand experience on new regulations and product innovations: challenges, success stories and overall benefits
  • Islamic capital market benefits for local companies exploring offshore opportunities beyond Turkish borders
  • The growth of the European Islamic capital markets and Turkey’s contribution to this
Moderator: Jawad Ali - Managing Partner - Middle East Offices, King & Spalding
Panelists: Abdulkadir Kahraman - Partner, Head of Tax, KPMG Turkey
Ilhami Koc - Deputy Chief Executive Officer, Isbank & Chairman, IS Investment
Mohamad Safri Shahul Hamid - Deputy Chief Executive Officer, CIMB Islamic, Malaysia
Dr Nusret Cetin - Senior Legal Counsel, Capital Markets Board of Turkey
Stella Cox - Chief Executive Officer, DDCap
12:10 - 13:00
Session Three: Assessing the Growth Potential for Turkey's Participation Asset and Fund Management Market
  • Prospects for participation pension funds and equity funds
  • Growth of private equity funds, exchange traded funds and wealth management
  • Initiatives and developments in Takaful and reTakaful - future growth prospects and challenges
  • Identifying current trends and innovations in product structures globally and application in the Turkish context
  • Strategies for corporate finance and project finance
  • Challenges faced by participation fund managers - stiff competition, Shariah concerns and the crucial need for innovative product structures
Moderator: Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai
Panelists: Avsar R Sungurlu - Assistant Managing Director, BMD Securities
Evren Yazman - Executive Director, Global Emerging Markets, JP Morgan Chase
Farmida Bi - Partner, Head of Islamic Finance - Europe, Norton Rose Fulbright
Magdy Eissa - Vice President, Business Development, IdealRatings
Sohail Zubairi - Chief Executive Officer, Dar Al Sharia Legal & Financial Consultancy
13:00 - 14:00
Lunch

14:00 - 14:45
Deal Roundtable: Discussing Key Trends, Features and Success Factors of the Year's Most Prominent Deals
  • Republic of Turkey US$1.5 billion 144a / RegS Debut Sukuk
  • Turkiye Finans US$500 million Sukuk Murabah
  • Albaraka Turk US$200 million Tier 2 Sukuk
  • Albaraka Turk Katilim Bankasi Syndicated Murabaha Financing Facility
  • Bank Asya US$250 million subordinated Sukuk
  • Aktif Bank Sukuk Varlık Kiralama TL 100,000,000 Lease Certificates (Istanbul International Financial Center Project Sukuk)
Moderator: Mohammed Paracha - Partner, Joint Head of Islamic Finance, Norton Rose Fulbright (Middle East)
Panelists: Cenk Karacaoglu - Vice President, Financial Institutions Division, Bank Asya
Faisal Fazli - Vice President, Global Islamic Banking, Citigroup Global Markets
Mehmet Fatih Bulac - Vice President, Financial Institutions & Islamic Syndications, Turkiye Finans
Mustafa Begun - Vice President, Investment Banking, Kuveyt Turk
Dr Serdar Sümer - Executive Vice President, Capital Markets Group, Aktif Bank
14:45 - 15:00
Presentation: Prospects and Opportunities in the Turkish Pension Market
Sohail Jaffer - Deputy CEO, FWU Global Takaful Solutions, Dubai
15:00 - 15:45
Session Four: Crucial Steps to Advance Turkey's Rapid Growth in the Participation Finance Space
  • Attracting foreign demand for domestic issuances - what foreign investors are looking for
  • Choosing the right jurisdiction and the right tax structure: a bottom-top assessment to be made taking into account investment level, holding level and target investors level
  • Addressing the need for more equity based participation products in the Turkish market and the role of market players and regulators
  • Factors hindering access to international investors - lack of investment grade status, civil law limitations - and steps to overcome them
  • Examining issues relating to fees, distribution, intermediaries and ratings
  • Recognising the growing need for structured programs to raise awareness amongst issuers and develop sustainable, qualified talent in the Islamic financial services industry
Moderator: Salman Ahmed - Partner, Head of Islamic Finance MENA, Trowers & Hamlins
Panelists: Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg
Asim Khan - Managing Director, Khalij Islamic
Erkan Tercan - Counsel, Paksoy
Mohammad Farrukh Raza - Managing Director, IFAAS
Murat Hatipoglu - Director, Advisory Services - Financial Services Lead, EY Turkey
15:45 - 16:30
Coffee & Networking

SPONSORS AND PARTNERS

SUPPORTED BY
AAOIFIBorsa IstanbulInternational Islamic Financial Market
EXCLUSIVE LEAD PARTNER

Alkhair Capital Turkey

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
ASSOCIATE PARTNER
INCEIF
ROADSHOW PARTNERS
Emirates NBD Group
FWU Group
IdealRatings
Intertech
Russell Indexes
Standard Chartered Saadiq
Trowers &  Hamlins
Turkiye Finans Katilim Bankasi
LUNCHEON SPONSOR
BMD Securities
ROADSHOW ASSOCIATES
Baspinar & Partners Law Firm
DDCAP Group
EIGER
Islamic Finance Advisory & Assurance Services
Khalij Islamic
Norton Rose

LEAD MEDIA PARTNER
Islamic Finance news
MEDIA PARTNERS
Balkans.com Business News
Business Islamica
Capital Business
Oxford Business Group
The Business Year
Wiley

 

 

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