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Events & Activities > Event Details
Event Detail |
| Category | : | Awareness Programme |
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| Name | : | [EVE00376] IFSB-AMERC of IOSCO Joint High-Level Seminar on Development of Sukuk Markets in the Middle East and Africa: Growth Potential and Policy Considerations |
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| Description | : |
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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 | : | 26/09/2019 | End Date | : | 26/09/2019 |
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| Venue Name | : | Al Mudhaif Ballroom 1, The St. Regis Abu Dhabi |
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| City | : | Abu Dhabi |
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| Country | : | UNITED ARAB EMIRATES |
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| Event Website | : |
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| Registration | : |
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Programme - Event Session(s)
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| 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
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| 09:00 - 09:50 |
Opening and Keynote Session
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| 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
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| 10:40 - 11:00 |
Coffee Break and Networking
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| 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
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| 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
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| 12:50 - 14:00 |
Lunch
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| 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
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| 14:50 - 15:00 |
Closing Remarks
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| 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. |
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Downloadable Document(s)
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*Note: Click Document Name to view/download document |
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