Conference: ISLAMIC FINANCE AND FUNDS IN LUXEMBOURG:
Opportunities and Challenges
5 & 6 May, 2009
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for conference participants only
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PRESS ECHO
ORGANIZERS
IFBL, Institut de Formation Bancaire, Luxembourg with the technical expertise of ICMA Centre, University of Reading
in cooperation with:
ALFI, Association luxembourgeoise des fonds d’investissement
LFF, Luxembourg for Finance
PRiM, Professionals of Risk Management Luxembourg
with the kind support of the Ministry of Finance, Luxembourg
and sponsored by:
PROGRAMME
General outline:
The conference is organised over two days, which may be booked separately.
Day 1: an “awareness day” aiming at familiarising the audience with the philosophy, the context and the products of Islamic finance products and comparing these with conventional methods and instruments.
Day 2: a “practical day” bringing together local players and international experts from Malaysia and the Middle East in 4 different panels to discuss topical issues as well as the services Luxembourg is able to offer. |
Programme
5 May 2009
10:30 |
Registration and Coffee |
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Chairman of the day: Mr. Fouad E. Rathle, IFBL President |
| 11:00 |
Opening remarks
His Excellency Luc Frieden , Luxembourg Minister of the Treasury and Budget, Minister of Justice |
| 11:15 |
Introduction to Islam as it affects financial transactions
Dr. Aly Khorshid |
| 12:00 |
The main financial contract types
Mudarabas, Musharakas, Ijarahs, Murabahas, Istina’as
Dr. Aly Khorshid |
| 12:45 |
Lunch
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| 14:00 |
Doing business in an Islamic Culture
Dr. Mohd Daud Bakar |
| 14:15 |
What a Sukuk looks like: structuring Islamic ‘bonds’.
Corporate Governance for Islamic entities
Dr. Aly Khorshid |
| 15:30 |
How Islamic finance addresses typical financial activities: investment funds, pensions, insurance, derivatives, REITS
Dr. Aly Khorshid |
| 16:45 |
Coffee Break |
| 17:00 |
The current status of Islamic finance in Luxembourg
Sukuk issuance, listing on the Luxembourg Stock Exchange, Islamic banking licence, Shariah compliant investments and Islamic insurance
Session leader : Sohail Jaffer
Co-speakers : Florence Stainier & Hubert Grignon Dumoulin |
| 17:45 |
Close of Day one |
6 May 2009
8:30 |
Welcome and Coffee |
| |
Chairman of the day: Mr. Germain Birgen, President of the ALFI Working Group on Islamic Funds |
| 09:00 |
Keynote speech: Islamic Finance in the face of the financial crisis
Majid Dawood |
| 09:20 |
Shariah compliant and UCITS compliant – findings of the ALFI Working Group on Islamic Funds
Chairman : Germain Birgen
Speakers :Gast Juncker; Jean-Marc Goy; Pierre Weimerskich; Rejina Rahim |
| 10:20 |
Coffee Break
|
| 11:00 |
Sukuks and other asset classes (private equity, real estate, etc,)
Chairman : Sohail Jaffer
Speakers : Anouar Hassoune; Charles Peal, Rehan Pathan: Dr Zaha RINA ZAHARI |
| 12:00 |
Risk Management – a must for Shariah compliant funds
Chairwoman : Sonia Biraschi
Speakers : Rolf Bachner ; Imane Karich ; Geoff Radcliffe, Serine Shtayyeh, Tim Plews |
| 13:00 |
Lunch |
| 14:00 |
The role and responsibilities of the Shariah board
Chairman : Dr. Richard Goddard
Speakers : Majid Dawood; Dr. Aly Khorshid, Haliza Abd Rahim |
| 15:00 |
Wrap-up session
Germain Birgen |
| 15:15 |
Next steps for Islamic finance in Luxembourg: legal, fiscal, training
Fernand Grulms |
| 15:30 |
End of conference |
SPEAKERS
Ms Haliza ABD RAHIM
Head of Project Management
BMB Islamic UK Ltd, London |
f Mr Rolf BACHNER
Vice President – Global Fund Services
BNY Mellon Asset Servicing, Luxembourg |
Dr Mohd Daud BAKAR
Managing Director
Amanie Islamic Finance Learning Centre LLC, Dubai |
Ms Sonia BIRASCHI
Vice President & Managing Director
State Street Bank Luxembourg S.A. |
Mr Germain BIRGEN
Managing Director & Global Head of Fund solutions HSS
HSBC Securities Services Luxembourg |
Mr Majid DAWOOD
CEO
Yasaar Limited, Dubai, |
Dr Richard GODDARD
Associate
The Director’s Office, Luxembourg |
Mr Jean-Marc GOY
Conseiller du Directeur Général
Commission de Surveillance du Secteur Financier, Luxembourg |
Mr Hubert GRIGNON-DUMOULIN
Head of Listings
Luxembourg Stock Exchange |
Mr Fernand GRULMS
CEO
Luxembourg for Finance |
Mr Anouar HASSOUNE
Vice President and Senior Credit Officer
Moody’s France |
Mr Sohail JAFFER
Partner
International Business Development FWU International,
Luxembourg |
Mr Gast JUNCKER
Partner
Elvinger, Hoss & Prussen, Luxembourg |
Ms Imane KARICH
Business Area Manager for Financial Markets and Market Risk
Management
Finalyse, Brussels |
Dr Aly KHORSHID
Islamic Finance & Shariah Consultant
Elite Horizon Economic consultancy
Director (Trustee member) of Oxford Academy UK |
Mr Rehan PATHAN
Head of International Distribution, Asset Management –
NCB Capital, Bahrain
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Mr Charles PEAL
Chairman
BLME Umbrella Fund, SICAV-SIF, Luxembourg |
Mr Tim PLEWS
Partner and Co-Head Financial Services Practice-
Clifford Chance UK, London
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Ms Rejina RAHIM
Managing Director
Nomura Asset Management Malaysia, Kuala Lumpur |
Mr Geoff RADCLIFFE
Managing Director
BlackRock Luxembourg S.A. |
Mr Fouad E. RATHLE
Senior Vice President
Garanti Bank Luxembourg Branch, Luxembourg |
Dr Zaha RINA ZAHARI
Chief Product Officer
Bahrain Financial Exchange, Bahrain |
Ms Serine SHTAYYEH
Audit Director
PricewaterhouseCoopers Luxembourg |
Ms Florence STAINIER
Partner
Arendt & Medernach, Luxembourg |
Mr Pierre WEIMERSKIRCH
Partner
Ernst & Young Business Advisory Services, Luxembourg
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PRACTICAL INFORMATION
Date : |
5 & 6 May 2009
Attendants can choose to participate in both or either of the two conference days. Please indicate your choice on the registration form. |
Schedule : |
5 May 2009 : 10.30 am to 05.45 pm
6 May 2009 : 08.30 am to 03.30 pm |
Venue : |
Hotel Hilton, 12 rue Jean Engling, L-1466 Luxembourg
Tel: 352-43-781 Fax: 352-43-6095
hilton.luxembourg@hilton.com
Please note that halal food will be served
A number of rooms have been pre-booked at the special rate of 146 EUR (single room) or 156 EUR (double room). Should you be interested, please confirm your individual reservation directly with the hotel. Please consider that this offer will be available until 3rd April 2009. |
Price : |
EUR 150,- per day (incl. lunch) |
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