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IFSB programmes to facilitate the development of the Islamic financial services industry     
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  Event Detail

Category:Awareness Programme
Name:[EVE00376] IFSB-AMERC of IOSCO Joint High-Level Seminar on Development of Sukūk Markets in the Middle East and Africa: Growth Potential and Policy Considerations
Description:

The Islamic Financial Services Board (IFSB) and Africa / Middle-East Regional Committee (AMERC) of IOSCO are jointly organising a High-Level Seminar, themed, “Development of Ṣukūk Markets in the Middle East and Africa: Growth Potential and Policy Considerations” on 26 September 2019 in Dubai, United Arab Emirates (UAE). The joint seminar will be hosted by the Securities and Commodities Authority UAE, in collaboration with Dubai Islamic Economy Development Centre (DIEDC), Gulf Bond and Ṣukūk Association (GBSA), S&P Global Ratings and National Bonds UAE.

The one-day joint high-level Seminar aims to examine the recent developments and future potential of ṣukūk markets in the Middle East and Africa region, and to identify areas where further development is needed to bolster the growth and effective utilisation of Islamic finance in realising the developmental objectives of the region. The Seminar will also discuss relevant aspects in strengthening the regulatory environment, including issues related to investor protection and financial stability and strengthening the overall growth and resilience of the region’s capital markets, taking into consideration the specificities and differences of ṣukūk from their conventional counterparts.

 

Start Date:26/09/2019End Date:26/09/2019
Venue Name:Al Mudhaif 1 Ballroom, The St. Regis Abu Dhabi
City:Abu Dhabi
Country:UNITED ARAB EMIRATES
Event Website: -
Registration:
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  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
26/09/2019

IFSB-AMERC OF IOSCO JOINT HIGH-LEVEL SEMINAR ON DEVELOPMENT OF SUKUK MARKETS IN THE MIDDLE EAST AND AFRICA

08:00 - 09:00 Registration and Networking
09:00 - 09:50 Opening and Keynote Session
09:50 - 10:40 Session 1: Islamic Finance and Sukūk - Key Concepts, Global Significance and Outlook
  • Trends in issuances from the region
  • Prerequisites of an efficient Islamic capital markets ecosystem
  • Case study on the potential and outlook of Islamic capital markets for AMERC - the case for Sukūk
  • Features of different types of sukūk that raise additional considerations for investor protection and supervision
  • 10:40 - 11:00 Coffee Break and Networking
    11:00 - 11:50 Session 2: Sukūk in addressing developmental goals: Prospects and Challenges
  • Enhancing the effective utilization of Sukūk in meeting development needs, including addressing budget deficits and infrastructure financing gaps - what is needed?
  • Linking Sukūk and long-term economic development initiatives and sustainable development goals
  • Strengthening the link between ethical finance and Sukūk - identifying potential projects that meet developmental goals
  • What roles can national regulators and sovereigns play to ensure Sukūk is at the fore of ESG?
  • Case study on the experience of a successful green Sukūk issuance to meet developmental objectives
  • 12:00 - 12:50 Session 3: Technological innovation and its potential for growth of the Islamic capital market
  • Emerging developments in financial technology and its potential in the Islamic capital markets
  • The application and potential for crowdfunding, P2P platforms, robo-advice and block chain technology and others, in the Islamic capital markets, in particular, in transforming the Sukūk market
  • Can such technological developments be applied to support local markets?
  • Addressing the key regulatory challenges ? promoting innovation in the Islamic capital markets while ensuring investor protection
  • 12:50 - 14:00 Lunch
    14:00 - 14:50 Session 4: Strengthening Legal and Regulatory Frameworks to enhance Investor Protection and Stability of Sukūk Markets: Key Policy Aspects and Way Forward
  • Key policy issues that need to be addressed from a market, legal and regulatory perspective to ensure investor protection
  • Issues around Sharīʿah governance and standardization in Sukūk markets
  • Regulatory efforts by International Standard setting bodies and critical areas of focus for enhancing stability and resilience of Sukūk markets specifically, and capital markets in general
  • Integration with global capital markets and regulatory harmonization across jurisdictions
  • 14:50 - 15:00 Closing Remarks
    Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

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    1.)  Event Session(s) - PDF Format

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