Continuous Coverage Available on Reuters.com
New York – Some of the world's leading names in Islamic banking and finance industries, along with government officials, will visit the Reuters bureaus in Dubai, Manama, London, Kuala Lumpur, Jakarta and Geneva from February 15-18 to discuss the outlook for the sector in a series of exclusives interviews. The stories and videos from the closed on-the-record sessions at the Reuters Islamic Banking and Finance Summit will be posted online at www.reuters.com/summits.
Islamic banking is one of the world's fastest growing financial sectors, according to industry estimates. It has attracted more attention in the aftermath of the global financial crisis as investors are increasingly looking for alternative, ethical ways of investing. This has also intensified a debate within the industry on whether it should move further away from conventional banking, designing products based more directly on Islamic principles.
Global issuance of Islamic bonds, or sukuk, is expected to fall this year from 2009 levels, a recent Reuters poll showed, as the Dubai debt crisis and an expected rise in borrowing costs weigh on market sentiment.
In the Gulf Arab region, a funding crunch at Bahrain-based Islamic investment house Gulf Finance House shows that the financial crisis is far from over in the region and that the industry urgently needs to develop new products and business lines to generate revenues.
What’s the outlook for Islamic banking and finance against this background? Will it move faster out of the crisis than conventional banking? What’s the outlook for the sukuk market for the year?
CEOs and other top names will discuss these and other topics in a series of closed on-the-record interviews at the Reuters Islamic Banking and Finance Summit, which will generate exclusive stories and investable insights, as well as online videos and blog postings. These can be seen at:
http://www.reuters.com/summit/IslamicBankingandFinance10
Guests speaking at the Reuters Islamic Banking and Finance Summit will include:
* CIMB Islamic CEO Badlisyah Abdul Ghani;
* Arcapita Bank CEO Atif Abdulmalik;
* Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Secretary General Mohamed Nedal Alchaar;
* Citi Islamic Investment Bank CEO Samad Sirohey;
* Islamic Development Bank Adviser to the President Mohammad Tariq;
* Gulf Finance House Acting CEO Ted Pretty;
* Deutsche Bank Global Head of Islamic Finance Hussein Hassan;
* Barclays Capital Global Head of Islamic Products Harris Irfan;
* Calyon Managing Director of Islamic Banking Simon Eedle;
* Algebra Capital Founder, Chairman and CEO Ziad Makkawi;
* HSBC Amanah Global Deputy CEO Razi Fakih;
* Standard Chartered Saadiq CEO Afaq Khan;
* Indonesian Central Bank Head of Islamic Banking Bureau Mulya Siregar;
* Penang International Halal Hub Chairman Abdul Malik Bin Abul Kassim;
* Faisal Private Bank CEO Mark Koch;
* International Sharia Research Academy for Islamic Finance Executive Director Mohamad Akram Laldin;
* Bank Muamalat President Director Arfiyan Arifin;
* Aberdeen Asset Management Head of Equities Abdul Jalil Rasheed;
* Indonesia Ulema Council Sharia Board Member Kanny Hidaya;
* Prime Rate Capital CEO Chris Oulton;
* Prime Rate Capital Chief Operation Officer Judith Benson;
* Dar Al Sharia (Dubai Islamic Bank) Scholar Hussein Hamid Hassan;
* Norton Rose Partner Farmida Bi;
* Ernst & Young Head of Islamic Banking Sameer Abdi;
* Bank Mega Syariah President Director Beny Witjaksono;
* Bank of London and the Middle East (BLME) CEO Humphrey Percy;
* JPMorgan Head of Islamic Structuring Business Safdar Alam;
* DLA Piper Senior Legal Consultant Amir Ahmad;
* BMB Islamic CEO Humayon Dar;
* Halal Industries Chairman Mahesh Jayanarayan;
* Allianz Takaful CEO Abdul Rahman Tolefat;
* Burges Salmon Head of Islamic Finance Imam Qazi;
* Bank Sarasin Head of Islamic Banking Fares Mourad;
* Unicorn Investment Bank Head of Strategic M&A Frederick Stonehouse;
* Qatar National Bank’s Salima Boutelitene;
* Birch Capital Founder and Head Toby Birch;
* Indonesia Sharia Insurance Association Chairman M Shaifie Zein;
* Islamic Banking Association of Indonesia Chairman A. Riawan Amin;
* Amanie Islamic Finance Consultancy and Education LLC (DIFC, Dubai) Managing Director, Amanie Business Solutions Sdn. Bhd (Kuala Lumpur) and International Institute of Islamic Finance (IIIF) Inc. (BVI) President/CEO Mohd Daud;
* Paris Europlace Chairman of Islamic Finance Committee Gilles Saint Marc;
* Morgan Stanley Senior Advisor Focusing on Islamic Finance in UAE/Middle East Yavar Moini;
* Standard & Poor’s Vice President Global Equity Alka Banerjee;
* Simmons & Simmons Partner & Global Head of Islamic Finance Muneer Khan;
* Etiqa Takaful Berhad CEO Shahril Azuar Jimin;
* TBC Islamic Finance Expert/Banker David Testa;
* BNY Mellon MENA Business Manager Giambattista Atzeni;
* Dubai Financial Services Authority Director of Policy Peter Casey;
* Clyde & Co Partner Ashley Painter;
* Clyde & Co Partner Peter Hodgins;
* King & Spalding Partner Jawad Ali;
* Allen & Overy LLP Partner Anzal Mohammed;
* Fulbright & Jaworski L.L.P. Partner Michael McMillen;
* Denton Wilde Sapte Partner Shaikh Muddassir Siddiqui;
* Clifford Chance Partner Qudeer Latif;
* SEI Senior Executive Officer Jahangir Aka;
* FWU Partner and the Head of International Business Development Sohail Jaffer; and
* Independent Consultant John Sandwick.
Reuters Summits bring together top executives from key industries in exclusive sessions with Reuters News global teams of specialist journalists. During the course of Reuters Summits, exclusive news stories and video interviews are posted on Reuters.com, providing valuable insight into specific companies, business sectors, and economies.
PRESS COVERAGE:
Reuters Summits are roundtable interviews, not conferences, and are closed to other media attending. Media wishing to use interview text, video and audio can use Reuters News material with proper attribution to the Reuters Islamic Banking and Finance Summit, with 'told Reuters' in second references.
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