Programme

2009 Asia Sukuk Summit

Day Two: Thursday, 19 February 2009

 Session Five
IDB GROUP SPECIAL FOCUS SESSION
 09:30 - 09:35
Chairman
 09:35 - 10:00
Special Keynote Address
Islamic Finance & The Development Challenge – Leveraging local assets through Local currency issuances; The IDB’s RM1bn Issue in Malaysia
 10:00 - 10:25
Keynote Address
Mitigating Risks in the Post-Credit Crunch Era for Sukuk & Islamic Capital Markets Products through Investment Insurance - A New Role for ICIEC
 10:25 - 10:35
Questions & Answers
 10:35 - 11:05
Tea & Coffee Networking Break

 Session Six
ISLAMIC FINANCE & THE DEVELOPMENT CHALLENGE IN ASIA
 11:05 - 12:00
Roundtable Participants
Chairman

Discussion Topics
• Rationale & Motives for Sukuk Issuance
• Sukuk as a Diversification Tool for Source of Financing
• Factors Governing Pricing & Yields
• Asset Identification & Allocation
• Tax Treatment for Sukuk Issuance
• Primary Regulatory & Legal Environment
• Pros & Cons of Sukuk as a Corporate & Debt Finance Tool
• Risks Associated with Sukuk Issuances - Minimizing Long Term Costs & Lack of Secondary Market
• Sukuk & Securitization Product Innovation - Designing Value-Added Structures
• Minimizing Transaction Costs
• Takaful for Sukuk Issuances
• Takaful for Investments & Debt Instruments
 12:00 - 12:30
Tea & Coffee Networking Break

 Session Seven
SHARIAH PANEL DISCUSSION: SHARIAH GOVERANCE & PROCESSESS RELATED TO SUKUK & SECURITISATION STRUCTURES & ISSUANCE
 12:30 - 13:30
Discussion Topics

• Use of Special Purpose Vehicles (SPV?s);
• Role of Agents & Trustees;
• Identifying Rental Income Streams;
• Distinguishing between Sukuk Issuance and Securitization
• Bottlenecks in the Shariah compliance process
• Minimizing transaction costs
• Revisiting the Musharaka Sukuk - defining the role and status of equity participants
• Exchangeable versus convertible Sukuk
• Leakage of Sukuk proceeds for non-Islamic investments


 

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