www.ibc-asia.com

“Mr.John Tsang, Financial Secretary said that Hong Kong is going full steam ahead in developing shari’ah-compliant

services – especially the popular Sukuk or Islamic bond. Hong Kong can be expected to play a significant role in structuring and financing Islamic investment products to

meet the needs of mainland borrowers” The Straits Times, Jan 16 2008

www.informafinance-asia.com/islamicfinance

4th INTERNATIONAL

ISLAMIC FINANCE FORUM 2008 Asia“Tapping on high yield Global Islamic Financial Instruments in New Market”

24 – 25 June 2008 ~ Shangri-La Kowloon, Hong Kong SAR

Organised by Endorsed by

.....where ideas, intelligence and relationships develop the Islamic Finance business of the future........

This year’s highlights

✔ Regulatory perspective: Building Hong Kong as Islamic financial hub and a look at bringing it to Greater China

✔ Assessing opportunities in Islamic finance in Asia and the business case for offering Islamic financial services in China

✔ Learn from best minds in Islamic finance from outside Hong Kong

✔ Is Islamic finance still considered an alternative investment in new markets?

✔ Emerging high yield Islamic structured products for conventional deals

✔ Sukuk Structures and capital markets

Opening Remarks by Hong Kong Monetary Authority

Edmond Lau, Executive Director (Monetary Management), Hong Kong Monetary Authority

Over 20 Speakers including

Alexa Lam, Executive Director of Intermediaries and Investment Products, Hong Kong Securities & Future Commission

Rushdi Siddiqui, Global Director - Islamic Financial Market Index, Dow Jones, USA

Badlisyah Abdul Ghani, Chief Executive Officer, CIMB Islamic, Malaysia

Heiko Hesse, Economist, Monetary and Capital Markets, International Monetary Fund USA

Dr. Mohd Daud Bakar, CEO, International Institute of Islamic Finance Inc, Malaysia & Shari’ah Advisory Board Dow Jones Indexes

Vince Cook, Chief Executive Officer, The Islamic Bank of Asia, Singapore

Ezamshah Ismail, Chief Executive Officer, Hong Leong Bank Berhad, Malaysia

Mujeeb Beig, Senior Vice President, Dawood Islamic Bank, Pakistan

Khaled Yousof, Managing Director, International Holding Group Securities, UAE

Registration Hotline: +65 6514 3180

Lead Media Partner Media Partners

Pre-Forum Masterclass: Monday, 23 June 2008

Introduction to Islamic Banking, Investment & Finance

Post-Forum Masterclass: Thursday, 26 June 2008

Structuring Sukuk and Islamic Securitisation

PRE-FORUM MASTERCLASS : Monday, 23 June 2008, 0900 - 1630

Introduction to Islamic Banking, Investment & FinanceThis Masterclass is aimed at conventional finance professionals and new entrants to understand the fundamentals and the core principles of Islamic Finance. This session provides a comprehensive understanding of Shari’ah compliant banking, finance and investment management. This session also aims Islamic Finance professionals who are looking to build on their existing knowledge. This workshop sells out annually and has become a major feature of International Islamic Finance Forum. Book early to avoid disappointment.

A practical Introduction to Islamic FinanceSession 1: Introduction to Islamic banking, finance & investment • Theory of contracts in Islamic banking & finance• What are Riba and Gharar and how does it affect financing

decision?• Why Islamic finance?• Market, players and development of the Islamic finance industry• What is the difference?

Session 2: Core Contracts in Islamic Finance Salient features of the classical Islamic finance contracts.• Why is Murabahah widely used in Islamic finance?• What is the difference between Bai Bithamin Ajil and Murabahah?• What is Bai Al-Inah and why is it contentious?• Ijarah contract provides the flexible financing option• Is there an Islamic finance lease?• Comparison of Ijarah and Murabahah

• How does Salam and Istisna’ help finance future transactions?• Differences between Salam & Istisna’• What is value Salam?• The role Musharakah and Mudarabah as equity financing options for

clients• Application of Musharakah and Mudarabah as deposit and

investment products

Case studies: how would you finance your clients?

Session 3 Emerging concepts and selected issues• A review of the Musharakah Mutanaqisah concept• Application of Tawarruq in financing and deposit product• How is Tawarruq different from Bai al-inah?• Usage of Tawarruq in Islamic bank treasury operation• Alternative methods for liquidity management• Wakalah as an emerging option for Islamic banks

Led by: Shabnam Mokhtar, Lecturer, Faculty of Economics & Management, University Putra Malaysia

DAY ONE CONFERENCE : Tuesday, 24 June 2008

23 – 26 June 2008 ~ Shangri-La Kowloon, Hong Kong SAR

0800 Registration & Coffee0900 Chairman’s Welcome & Opening Remarks

Rushdi Siddiqui, Global Director, Dow Jones Islamic Market, Index Group, USA

INITIATIVES TO SUPPORT GROWTH & OPPORTUNITIES

0915 REGULATOR’S KEYNOTE ADDRESS: Hong Kong as an Islamic Finance HubEdmond Lau, Executive Director (Monetary Management), Hong Kong Monetary Authority, Hong Kong SAR

0945 PANEL DISCUSSION: Assessing opportunities in Islamic Finance in Asia and the business case for offering Islamic financial services in Hong Kong• Evaluating global and regional growth of Islamic Finance • The role of central banks in providing the infrastructure• The likely industry landscape in 5 – 10 years • Determining driving force in Islamic financial products • Where the business lies

PANELISTS: Alexa Lam, Executive Director of Intermediaries and Investment Products, Hong Kong Securities & Future Commission, Hong Kong Dr Douglas Arner, Director, Asian Institute of International Financial Law, Faculty of Law, University of Hong Kong, Hong Kong Dr. Mohd Daud Bakar, Shari’ah Scholar, President/Chief Executive Officer, International Institute of Islamic Finance, MalaysiaVince Cook, Chief Executive Officer, The Islamic Bank of Asia, SingaporeAnita Fung, Treasurer and Head of Global Markets, Asia-Pacific, HSBC, Hong Kong

1030 Understanding the challenges faced by Conventional Banks in launching Islamic Window and rolling out new Islamic Products• Getting the basic and key infrastructure right• Putting the functions of Islamic Windows in the right

perspectives • What are the challenges of Islamic window and how to

overcome them?• The success factors in launching new Islamic productsRoslan Abdul Razak, Director, Islamic Banking & Finance Institute Malaysia

1100 Morning Refreshments & Networking Opportunity

SHARI’AH COMPLIANCE & DEVELOPING GLOBAL STANDARDS

1130 SHARI’AH SCHOLAR PERSPECTIVE: A Closer Look At Compliance - Shari’ah Law And Financial Models• Analysing Shari’ah Law and its application in the financial

markets • Reviewing the differences in interpretation of Shari’ah Law • Assessing the principles and governance processes for

Shari’ah compliance Dr. Mohd Daud Bakar, Shari’ah Scholar & President/Chief Executive Officer, International Institute of Islamic Finance, Malaysia & Shari’ah Advisory Board Dow Jones Indexes

1200 PANEL DISCUSSION: Driving global Islamic Finance with Industry Standards

“Worldwide Partnership – Long-term viability and sustainability will come from increased interoperation between shari’ah compliant financial institutions throughout the world”• Understanding the challenges in setting standards in

Islamic Finance • How can the industry achieve a global Shari’ah standards?• What will be key issues in capital requirement, accounting

procedures, auditing regime and governance?

REGISTER TODAY! Tel: (65) 6514 3180 Fax back to (65) 6733 5087 / 6736 4312 Web: www.informa-finance.com/islamicfinance

PANELISTS: Rushdi Siddiqui, Global Director, Dow Jones Islamic Market, Index Group, USAProf. Dr. Malik Muhammad M. al Awan, Dean of the Faculty & Chief Academic Officer, INCEIF University, Malaysia & Advisor to Central Banks and Government regulatory authoritiesKhalid Yousaf, Managing Director - Islamic Finance, International Holding Group Securities, UAE

1245 Networking Luncheon

1400 SHARI’AH SCHOLAR PERSPECTIVE: Striking a synergetic partnership - Understanding the roles, challenges and responsibilities of Shari’ah Counsels and Bankers • Developing expertise in Islamic finance • Understanding the role and responsibilities of Shari’ah Advisors• The challenges and key issues in developing a synergyProf. Dr. Malik Muhammad M. al Awan, Dean of the Faculty & Chief Academic Officer, INCEIF University, Malaysia & Advisor to Central Banks and Government regulatory authorities

CAPITALISING ON GROWTH OF GLOBAL SUKUK1430 Assessing key issues in structuring and investing in

Sukuk & the Potential of Hong Kong entering the Market• What is the basis of investing in Islamic securities?• Sukuk versus conventional bonds • Examining the current size and major trends in the global

sukuk industry • Evaluating the potential of Hong Kong becoming a major

regional sukuk player • Understanding the investor’s criteria• What are the legal and commercial obstacles?Badlisyah Abdul Ghani, Chief Executive Officer, CIMB ISLAM, Malaysia

1500 PANEL DISCUSSION: Developing and Increasing secondary market for sukuk across Asia • Understanding the Issues and challenges behind lack of

market players • What are the reason for illiquidity of secondary market?

• What can the Islamic finance players do to overcome?

PANELISTS: Badlisyah Abdul Ghani, Chief Executive Officer, CIMB ISLAM, MalaysiaProf. Dr. Malik Muhammad M. al Awan, Dean of the Faculty & Chief Academic Officer, INCEIF University, Malaysia & Advisor to Central Banks and Government regulatory authoritiesMohamad Safri Shahul Hamid, Director and Head Islamic Structuring, Deutsche Bank, UAE

1545 Afternoon Refreshments & Networking Opportunity

STRUCTURING INNOVATIVE ISLAMIC PRODUCTS1615 Issues and Challenges in structuring, packaging and

promoting Islamic Securitisation• Assessing the growth and market for Islamic Securitisation

in Middle East and Malaysia• Conventional versus Islamic securitisation • Can all conventional transaction be replicated for Islamic

transaction, where’s the limit?• Packaging, pricing and marketing to investors• What rating agencies perspective on asset backed

securitisation – real estate and mortgage securitisation Mohamad Safri Shahul Hamid, Director and Head Islamic Structuring, Deutsche Bank, UAE

1645 Financing Major Project Finance the Shari’ah Way – How Conventional Banks and Financiers can Optimise on new Strategy & Instrument • Assessing the challenges of opting for an Islamic project

financing structure? • Understanding how the funding is arranged • What are the prospects for Asia seeing more Islamic

project financing deals? Khalid Yousaf, Managing Director - Islamic Finance, International Holding Group Securities, UAE

1715 Chairman’s Closing Remarks followed by End of Day One Summit

DAY TWO CONFERENCE : Wednesday, 25 June 20080900 Chairman’s Opening Remarks

Islamic Investment Management

0915 SPECIAL ADDRESS: Prudential Policy, Regulation and Risk in Islamic Finance • Prudential Policy and Regulation in a Non-Islamic

Jurisdiction• Risk Management Issues• Financial Stability Aspects of Islamic vs. Conventional

Financial InstitutionsHeiko Hesse, Economist, Monetary and Capital Markets, International Monetary Fund, USA

0945 Capitalising on a new thrust of Islamic Finance in Asia - International Currency Business (ICB)• Understanding and assessing incentives and stimulus given

by Monetary Authority to encourage and stimulate the development of Islamic Finance in the region

• How arrangers, Issuers and Investors can capitalise and benefit from the incentives under ICB

• Identifying the driving forces that need to be put in place to stimulate the development of Islamic Finance in Hong Kong from the market players’ perspective: supporting Infrastructure, legal clarity and tax regime

Fozia Amanulla, Chief Executive Officer & Executive Director, EONCAP Islamic Bank Berhad, Malaysia

1015 Leveraging on Hong Kong Wealth Management Expertise to Service Islamic HNW• Understanding the differences between Middle East North

Africa (MENA) HNWs and other HNW • What are the key investment strategies that MENA HNWs

are adopting in parts of Asia • Incorporating socially responsible investment into Islamic

investment products• Where do the greatest business opportunities for private

wealth management teams • What product initiatives need to be undertaken to service

Islamic HNWsRohani Datuk Mohd Shahir, Executive Director, Hijrah Wealth Management, Malaysia

1045 Morning Refreshments & Networking Opportunity

1115 PANEL DISCUSSION: Understanding the key investment strategies that Petro Dollars /Middle East North Africa(MENA) HNWs adopting in Asia• What are investors looking for from Islamic Investments? • Tapping on the huge pool of oil-driven US$1 trillion annual

oil revenues

4th INTERNATIONAL ISLAMIC FINANCE FORUM 2008

POST FORUM MASTERCLASS: Thursday 26 June 2008, 0900 – 1630

Structuring Sukuk and Islamic Securitisation Islamic Securitisation and Global Sukuk markets are booming and it’s the fastest growing sector of the global finance industry. Their emergence, in both local and cross-border markets shows its great potential. The objectives of this Masterclass is provide indepth understanding of the Securitisation and the Sukuk structures. This course has been devised for new investors and issuers. It is a “must attend” for both those who are familiar and unfamiliar with Islamic finance applications.

Structuring Sukuk• Introduction – primary underlying principles of Islamic finance as

applied in capital markets• Understanding the core concept and essence of Sukuk• Analysis of sukuk structures• Shari’ah parameters of sukuk• Sovereign and corporate sukuk• Structuring Sukuk al-ijarah for capital projects financing • Structuring Sukuk al-Musharakah for capital projects financing • Difference in Sukuk AlIjarah and Sukuk al-Musharakah • Sukuk issue for agriculture based/irrigation based activities • Sukuk pricing for Sukuk Al-Ijarah and Sukuk al-Musharakah • Case Studies

Structuring Shari’ah compliant asset based securities as alternative to conventional assets backed securities• Loans, unsecured bonds and asset backed bonds – overview of the

key products• Asset backed vs. asset based – is there a difference?• Deal origination and investment• Different asset classes• Comparison between issuer types• Limitation for the securitisation of Murabaha portfolio of assets • Securitisation of portfolio on the basis of Murabaha and illiquid

assets(Ijarah and Musharakah)

Led by: Mujeeb Beig, Senior Vice President / Head of Research & Development, Dawood Islamic Bank, Pakistan

4th INTERNATIONAL ISLAMIC FINANCE FORUM 2008 Asia• Assessing the appetite of private equity firms in raising

Islamic funds • Is Shari’ah complaint enough deciding factor in investment

decision? What other key considerations?• The possibility of marrying the two structures and

approaches: conventional and shari’ah

PANELISTS:Khalid Yousaf, Managing Director - Islamic Finance, International Holdings Group, UAEEzamshah Ismail, Chief Executive Officer, Hong-Leong Bank Berhad Malaysia Rohani Datuk Mohd Shahir, Executive Director, Hijrah Wealth Management, MalaysiaHamid Yunis, Partner & Head of Islamic Finance Group, Taylor Wessing, UK

1200 Reviewing Prospects for Islamic REITs in Hong Kong & China • Examining the current status of REITs around the world • Comparing the structuring of Islamic REITs versus

conventional REITs • Examining various model for Islamic REITs – will this be

adopted as a standard worldwide? • Future trends and scope for Islamic REITs Ijlal Alvi, Chief Executive Officer, International Islamic Financial Market (invited)

1230 Networking Luncheon

1400 Global Islamic market indices – its growth, dimension, criteria and Shari’ah compliance issues • Shari’ah compliant issues • Understanding what screening methodology• What are the financial criteria used? • How to access performance; benchmarking the Islamic or

conventional way?Rushdi Siddiqui, Global Director, Dow Jones Islamic Market, Index Group, USA

LIQUIDITY & RISK MANAGEMENT 1430 Shari’ah Capital at Work: Both Investable and Benchmark

Indices • Shari’ah compliant issues • Understanding the index screening methodology and

financial criteria used • Drivers for Shari’ah-compliant Investing• Drivers for Index-based Money Management • Drivers for Shari’ah-compliant Product Creation• Drivers for Future Developments of Shari’ah BenchmarkingRobin Lo, Senior Director, Standard & Poors, Hong Kong

1500 Liquidity and Risk Management in Islamic Finance • Hedging risks in Islamic finance• Basel II commitments – the implications to Islamic finance

framework• Best practice risk management within Islamic finance frameworkMujeeb Beig, Senior Vice President, Dawood Islamic Bank, Pakistan

1530 Afternoon Refreshments & Networking Opportunity

1600 Developing Takaful Products To Compete With Insurance Products In The Fast Growing Islamic Finance Market • Potential for Takaful in specialty risks and large scale projects• Synergies between Takaful and Islamic financing• Issues for regulation and control of Takaful, necessary for

growthEzamshah Ismail, Chief Executive Officer, Hong-Leong Bank Berhad, Malaysia

1630 SPECIAL LEGAL SESSION: Understanding complex legal documentation & Overcoming challenges and key issues involved in different Islamic financing structures and transactions

Hamid Yunis, Partner & Head of Islamic Finance Group, Taylor Wessing, UK

1700 Chairman Summation & Closing Remarks1715 End of Summit

4th INTERNATIONAL

ISLAMIC FINANCE FORUM 2008 Asia“Tapping on high yield Global Islamic Financial Instruments in New Market”

23 – 26 June 2008 ~ Shangri-La Kowloon, Hong Kong SAR

Sponsorship and Exhibition Opportunities Raise your profile! IIFF Asia presents an excellent opportunity to showcase your expertise to an exclusive audience. Sponsorship packages can be tailored to meet your marketing requirements whilst exhibition offers the highest visibility for your products and services. To discuss these options further, please contact Portia DeLa Cruz, Sponsorship & Exhibition Manager at portia.delacruz@ibcasia.com.sg: or call at +65-6835 5161 for more details.

“Even as banking segments like securitising subprime mortgages and financing leveraged buyouts suffer from the current crisis, Islamic finance is seeing spectacular growth”

– The International Herald Tribune

Why you need to be here:

✔ LEARN Hong Kong’s regulatory roadmap and its implications on Islamic Finance development

✔ ANALYSE how and why Islamic lenders sustain business growth while world’s biggest banks write off billions of dollars

✔ ASSESS the impact of rising petro dollars on Islamic Finance and flow of funds from MENA

✔ GENERATE new ideas on how to create high yield Shari’ah compliant products

✔ DISCOVER innovative capital raising and financing options that fall within the framework of Shari’ah

✔ DISCUSS how sukuk offer investments diversification

✔ EXAMINE industry developments and its commercial implications

✔ ENGAGE in a question & answer session with expert Shari’ah Scholars

✔ MEET senior regulators & top level industry players from across the entire Islamic & Banking sector

WHO SHOULD ATTEND: This Forum is of immense value for management and executives responsible for:

• 2 Forum days of valuable insights

• 2 in-depth and interactive pre and post workshop sessions

• Over 20 dynamic regional and international players

• 20 Powerful sessions

• Top 10 Islamic banks • Islamic banker of the year• 16 hours of networking

opportunity• One-stop-shop to network with

Islamic finance practitioners

Don’t Miss:

Islamic finance is now in its fourth decade of accelerating development. Even as conventional credit markets seize up, forcing the world’s biggest banks to write off billions of dollars, Islamic lenders and underwriters continue to do brisk business. Shari’ah-compliant assets have grown almost 30 percent, to more than $500.5 billion!

Entering into its 4th year, International Islamic Finance Forum Asia has evolved into a MUST-ATTEND forum in the Asian banking & finance scene - bringing together the world’s finest minds in the Islamic Finance arena all in one place, at one time. IIFF Asia is part of a global series of forums which till date has attracted over 10,000 participants across the globe. Building upon forums held in UK, Switzerland, Turkey, UAE, Indonesia and Singapore, we are proud to bring this prestigious event to Hong Kong, a global financial centre that is developing itself as an Islamic financial hub and entering the race for Islamic capital!

“Islamic finance now supports all major needs including leasing, project finance, asset financing, bond issuance, and insurance.” Dinarstandard.com

Position your organisation to meet the challenges of providing successful Shari’ah compliant financial products in new markets Book your place now at www.informafinance-asia.com/islamicfinance

Or Call +65 65143180 / 67321970 today for immediate booking

Yes! I/We will attend ISLAMIC FINANCE FORUM ASIA • 23 – 26 June 2008 ~ Sh

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