Program Details
10:00 - 10:05
Recitation of the Noble Quran
- Sayyed Zarrar, Officer, IIFM
10:05 - 10:10
Opening Address
- Dr. Ahmed Rufai, Acting CEO, IIFM
10:10 - 10:20
Keynote Address
- Affendi Rashdi, Director-General, Labuan Financial Services Authority (Labuan FSA) and Vice Chairman of IIFM
10:20 - 10:30
Launch of Annual IIFM Sukuk Report (14th Edition) - Highlights from the Report
- Dr. Ahmed Rufai, Acting CEO, IIFM
10:30 - 11:50
Panel Discussion Theme:
Standardization of Hybrid and Intangible Asset Sukuk – Meeting the Market Needs
Panelists to discuss the following points:
Part 1:
- IIFM’s prospective role in standardizing hybrid Sukuk agreements, particularly the combination of Ijarah, Murabahah, and Wakalah structures, and intangible asset Sukuk to better address the industry’s evolving needs
- Primary challenges specific to Hybrid Sukuk
- The impact of changing Shari’ah Standards
- Tangibility ratio requirements
- Asset limitations
- Maintaining asset value throughout the Sukuk’s life etc.
- Primary challenges specific to Hybrid Sukuk
- The impact of changing Shari’ah Standards
- Tangibility ratio requirements
- Asset limitations
- Maintaining asset value throughout the Sukuk’s life etc.
Part 2:
- Primary challenges specific to intangible asset Sukuk
- Asset Availability
- Lack of Shari’ah-compliant assets
- Market readiness
- Lack of documentation standardization
- Shaping the Future – Innovations in hybrid and intangible asset Sukuk
- Integration with Fintech
- Green and sustainable Sukuk
- Waqf-aligned development targeted Sukuk
- Intellectual property (IP) securitization
- Best practices and innovations in structuring hybrid and intangible asset Sukuk within a regulatory landscape
Moderator:
Lilian Le Falher, CFA, Senior Islamic Finance Advisor
Panelists:
1) Sabir Ahmed, Head, Islamic Markets and Structured Solutions, Standard Chartered, Dubai
2) Mohammad Al-Nassar, Chief Dealer, Sukuk Trading, Kuwait Finance House, Kuwait
3) Dr. Ayaz Ismail, Director, Islamic Wholesale Banking, CIMB Islamic Bank, Kuala Lumpur
4) Dr. Muhammad Al-Bashir M. Al-Amine, Advisor to CEO on Shari’ah Matters, Islamic Corporation for the Development of the Private Sector (ICD), Jeddah
5) Salman Ahmed, Partner, Head - Islamic Finance, Trowers & Hamlins, Muscat
6) David Testa, Executive Director, DDCAP Group, London
7) Sudarmawan, Economist – Islamic Financial Market Development and Regulation, Bank Indonesia, Jakarta
11:50 - 12:00
Closing Remarks
- Dr. Ahmed Rufai, Acting CEO, IIFM
The program is subject to change
