Seminar on Strategies for the Development of Islamic Capital Markets The Seminar was organised with the aim to provide a general overview of the potential and prospects of Islamic capital market in light of the current developments in the global financial markets, and also to benefit participants who wish to deepen their understanding, discuss the issues, and share experiences in Islamic capital market. 17 chairpersons and speakers who were senior financial sector supervisors, market players, and experts from international financial institutions were invited to discuss the following issues at the Seminar. The topics that were discussed in the Seminar were as follows: Development and Trends in Islamic Capital Markets Development of Sukuk: Challenges and Opportunities Development of Islamic Collective Investment Schemes Bringing Islamic Capital Market to the Mainstream The Keynote was delivered by the CEO of the Emirates Securities and Commodities Authority. The Seminar saw the attendance of 51 participants from government, regulatory and supervisory bodies, capital markets and industry players. Roundtable on Islamic Real Estate Investment Trusts (i-REITs) The Roundtable on the Development of Islamic REITs is a landmark event for the IFSB, as it was the first platform to specifically discuss matters related to Islamic REITs. In line with the IFSB mandate, the Roundtable had specific discussions on regulatory and cross-border issues related to the development of Islamic REITs. It also aimed to act as a platform to understand the current status of Islamic REITs globally, as well as discuss its prospects and challenges. The Roundtable also examined the necessary infrastructures to promote the conducive development of this industry segment. Two topics of the Roundtable were as follows: Prospect and Challenges of Islamic Real Estate Investment Trusts (Islamic REITs) Infrastructures conducive to develop Islamic REITs Eight chairpersons and speakers and 20 participants participated in the Roundtable. Participation in the Roundtable was by invitation. Programme - Event Session(s) Date Time Topics Day 1 27/06/2013 SEMINAR ON STRATEGIES FOR THE DEVELOPMENT OF ISLAMIC CAPITAL MARKETS 09:00 - 09:30 Registration 09:30 - 10:10 Opening and Welcoming Session 10:10 - 11:10 Session 1: Development and Trends in Islamic Capital Market Overview of the Islamic Capital Market Recent trends in product development of Islamic capital market Development of Islamic capital market post global financial crisis Impact of changing global regulatory structures on Islamic capital market 11:10 - 11:40 Coffee break & Networking 11:40 - 13:10 Session 2: Development of Sukūk: Challenges and Opportunities Recent innovation, securitisations and related Sharī`ah issues in Sukūk Current progress in improvement in legal and regulatory framework of Sukūk Cross-border issues in Sukūk issuance and transactions Encouraging a liquid and transparent market for Sukūk Prospects of the Sukūk Market: Challenges and Opportunities 13:10 - 14:15 Lunch 14:15 - 15:15 Session 3: Development of Islamic Collective Investment Schemes (ICIS) Performance analysis of ICIS prior and post global financial crisis Sharī`ah governance in ICIS Specific issues on consumer protection in ICIS Encouraging institutional investment in ICIS 15:15 - 15:45 Coffee break & Networking 15:45 - 17:00 Session 4: Bringing Islamic Capital Market to the Mainstream Key issues in innovation, and product development of Islamic Capital Market Further initiatives in legal and regulatory reform to promote development of Islamic Capital Market Removing barriers for cross-border transactions in Islamic capital market Day 2 28/06/2013 ROUNDTABLE ON THE DEVELOPMENT OF ISLAMIC REAL ESTATE INVESTMENT TRUSTS 08:30 - 09:00 Registration 09:00 - 09:30 Opening and Welcoming Session 09:30 - 10:15 Session 1: Prospect and Challenges of Islamic Real Estate Investment Trusts (Islamic REITs) Conventional REITs vs. Islamic REITs Product structures and innovation in Islamic REITs Prospect and challenges of Islamic REITs 10:15 - 10:45 Coffee break 10:45 - 12:30 Session 2 : Infrastructures conducive to develop Islamic REITs Identifying Sharī`ah, legal and regulatory issues in Islamic REITs focusing on purification, valuation and tax issues Risk management, secondary market, and cross-border transactions for Islamic REITs Experience-sharing in regulating and supervising Islamic REITs 12:30 - 13:00 Discussions and recommendations Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Confirmed Chairpersons and Speakers - Seminar and RT Hong Kong 3.) Reservation Form - Mandarin Oriental, Hong Kong
