Seminar on Advanced Islamic Banking & Finance - July 2001

 

WHY ATTEND THIS IMPORTANT SEMINAR?

At this stage of its growth, the Islamic banking and finance industry is in the process of tackling a number of important challenges. This three-day Advanced Executive Seminar addresses the most topical issues that require further exploration in the context of Islamic banking and finance industry. Therefore, it is increasingly important for the industry's most senior executives to discover and meet these challenges and to find the most effective way ahead for achieving sustainable growth and maintaining a top competitive position in the New Millennium.

This "first of its kind" residential Advanced Executive Seminar has been specifically developed to attract the most senior participants in the global Islamic banking and finance market. The key objective of such an important and highly prestigious seminar is to provide a stimulating environment in which such executives may exchange ideas and experiences with their peers. The practical element of this Advanced Executive Seminar concentrates on enabling the senior participants to enhance their experience by focusing on challenging issues in an accessible way through the direction of a highly experienced and efficient group of prominent experts in the Islamic banking and finance industry worldwide.

 

 

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THE BUSINESS BENEFITS

Unprecedented networking opportunities with Senior Global Industry Executives
Access to a World Class Panel of Industry Experts
Presentations on up-to-date industry research and developments
Unique residential seminar package with 5-star deluxe accommodation and hospitality
Superb global location in a beautiful and historic part of the world
Exclusive seminar format with restricted attendance numbers to ensure maximum benefit and prestige
Practical seminar programme format to ensure delegates gain maximum information and ideas
Excellent seminar support materials and practical information packs
Accredited seminar certificate will be presented to all participants

 

 

 

 

 

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WHO SHOULD ATTEND?

The Advanced Islamic Banking & Finance Seminar has been specifically designed to meet the needs of Senior Global Banking Industry Executives and, in particular:
Heads of Islamic Finance Divisions
Project Finance Directors
Trade Finance Directors
International Corporate Finance Directors
Special Product Development Directors
Emerging Markets Directors and Regional Managers
Regulators

Note: Participants in the Advanced Islamic Banking & Finance Seminar should have significant experience at a senior level in the global Islamic banking industry

 

 

 

 

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SEMINAR PROGRAMME HIGHLIGHTS

An Overview of Islamic Banking: Regulation and Standardization

  • The need to develop accounting and auditing standards for Islamic banks
  • Efforts to harmonise the differences between Shari’a rulings
  • The need for standardisation of acceptable banking principles
  • The future for the regulation of Islamic banks

Financial Reporting by Islamic Financial Institutions

  • International moves towards harmonisation and standardisation of financial reporting in global financial markets
  • International Accounting Standards (IASs) and their role in meeting listing requirements in international securities markets and the requirements of international financing bodies (IMF)
  • Gaps in IASs when applied to Islamic financial institutions
  • Role of AAOIFI in providing standards that fill these gaps
  • Case study comparing financial reporting under AAOIFI’s standards to financial reporting (IASs)

Financial Analysis

  • AAOIFI FAS No. (1)
  • Profitability Indicators & Liquidity Indicators
  • Asset Quality Indicators
  • Capital Adequacy Indicators
  • Banking Industry Case Study

Risk Management

  • Asset and liability management in the context of Islamic banking
  • Financial risks to which Islamic banks are exposed
  • ALM policy for measuring and monitoring risks
  • Liquidity and the lines of defence for Islamic banks
  • The hedging of interest rate risks for Islamic banks

Liquidity Management

  • Current market practice (issues and application)
  • Absence of Inter-bank Market (definitions, issues and mechanics)
  • Absence of lender- of- last -resort (issues and application)
  • Current initiatives to overcome the above limitations
  • The development of Asset Based Sukuk (definitions, issues and mechanics)
  • Channelling of short term funds into long term financing transactions
  • Islamic Development Sukuk (issues and mechanics)
  • Case study on Liquidity Management

Issues on Corporate Governance and Transparency

  • Corporate governance and the ‘stakeholder’ concept
  • Organs of governance and stakeholder representation
  • The role of information and the importance of transparency
  • Stakeholders in Islamic financial institutions (IFIs) and governance issues specific to IFIs:
    • Shari’a compliance
    • Investment Account Holders
  • Case study of Annual Reports of IFIs

Corporate Structured Finance

  • Islamically accepted structures that are viable for non-recourse/limited recourse financing
  • Methods of securing the exposure
  • Points for consideration in an inter-creditor agreement where Islamic finance is part of the overall financing solution
  • Discussion of practical aspects of structured finance
  • Is asset securitization a viable proposition?

Islamic Investment Funds: A Platform for the Secondary Market

  • Review of the expansion of the investment asset base and how this may be attributed to the growth of the Islamic fund management sector
  • The benefits that have been derived from the broadening of investment fund products
  • Factors that continue to impede market development and efficient portfolio allocation. Can an investor achieve satisfactory allocation from the existing asset classes?
  • Strategic development of asset based investment funds – creating market securities.

Accounting Aspects of Investment Funds

  • AAOIFI FAS No. (14)
  • Financial Reporting by Islamic Investment Funds
  • Income recognition and Asset valuation
  • Required Disclosure

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THE FACULTY

 

Professor Rifaat Ahmed Abdel Karim

  • Text Box: Professor Rifaat Ahmed Abdel Karim has held the position of Secretary-General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) since 1995.
  • He was awarded the “ Life Time Achievement Award” by The Islamic Banking and Finance Forum in 1998, Bahrain.
  • He obtained a B.Sc., a M.Soc.Sc. and a Ph.D. all in the fields of accounting and finance. 

Professor Simon Archer 

  • Text Box: Professor Simon Archer is currently Professor of Financial Management in the School of Management Studies at the University of Surrey, UK and a member of the School Policy and Strategy Committee.
  • He obtained a B.A. in Philosophy, Politics and Economics, Second Class Honours, subsequently M.A from Oxford University, Corpus Christi College.

Dr. Taha El Tayeb Ahmed

  • Dr Taha El Tayeb Ahmed is the Head of Islamic Banking Studies at the Bahrain Institute of Banking and Finance.
  • Obtained his Ph.D. from University of Bath, UK in 1987. Involved with AAOIFI in the development of Islamic accounting standards.

Dr. Kenneth Baldwin
  • Text Box: Dr.Kenneth Baldwin is currently an ALM manager at Abu Dhabi Islamic Bank 
  • Graduated from Oxford University with a First Class in Physics. He is a Chartered Accountant .
  • Awarded his Ph.D. in Economics and researched the theory of information asymmetries in profit sharing contracts.

Mr. Youssef Shaheed Youssef

  • Mr Youssef Shaheed Youssef holds the post of Head of the Islamic Banking Division, Bank of Beirut
  • He is registered representative with NASD, NYSE and CBO

Mr. Syed Tariq Husain

  • Text Box: Mr Syed Tariq Husain is the Head of Global Islamic Finance at ANZ in London, a position he has held since early 1997.
  • His more recent experience includes heading the Bank’s Treasury in Pakistan, in the position of Chairman of the State Bank of Pakistan Foreign Exchange Rates Committee and Chief Co-ordinator Fund Managers’ Association.
  • He obtained his MBA from York University.

Ms. Stella Cox

  • Ms Stella Cox has been working in the Islamic financial sector since 1985.
  • Since 1998 she has been a Managing Director of the Dawnay Day Group. Stella is responsible for Dawnay Day Global Investment Limited, the company through which the Dawnay Day Group transacts and invests with its Islamic clients. 

Mr. Mohammed A. Muiz Chowdhury
  • Principle Investment Administration- The First Islamic Investment Bank

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THE VENUE

 

Hotel Al Bustan is superbly located on the top of a hill in peaceful Beit-Mery with breathtaking views overlooking Beirut and the Mediterranean; exclusive, comfortable and beautifully furnished.


Al Bustan is a five-stars deluxe hotel; all rooms have panaromic views and are fully equipped for business and for pleasure.

Hotel Al Bustan is only few minutes away from Brummana the famous summer mountain resort of Lebanon, and only half an hour away from the capital Beirut.

 

 

 

 

 

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ALL INCLUSIVE SEMINAR FEES

 

AAOIFI members US$ 2000
Non-AAOIFI members US$ 2250

(Fees cover 5-star hotel accommodation for 4 nights, 3 luncheons, refreshment breaks, official seminar materials and information packs and AAOIFI's latest published book Accounting, Auditing and Governance Standards for Islamic Financial Institutions "1421H- 2000".)

 

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