The Arab Chamber of Commerce & Industry

中文 | اللغة العربية

Islamic Capital Markets Conference

In an Islamic capital market (ICM) market transactions are carried out in ways that do not conflict with the conscience of Muslims and the religion of Islam. Here, there is assertion of religious law so that the market is free from activities prohibited by Islam such as usury (riba), gambling (maisir) and ambiguity (gharar). The ICM is a component of the overall capital market that plays an important role in generating overall economic growth. The ICM functions as a parallel market to the conventional capital market, and plays a complementary role to the Islamic banking system in broadening and deepening the Islamic financial marketsa.

Today, various capital market products are available for Muslims who only seek to invest and transact in the ICM. Such products include Shariah-compliant securities such as, sukuk, Islamic unit trusts, Shariah indices, warrants (TSR), call warrants and crude palm oil futures contract.

Sukuk, or Islamic fixed-income securities have emerged over the past 15 years as an increasingly important asset class. These products have a number of objectives: to enable organizations to raise capital in a Shariah-compliant fashion, whilst at the same time expanding the investor base and offering investment opportunities to new groups. Considering their relative infancy, Islamic securities can be structured in a number of increasingly complex ways. Indeed, new products are being consistently developed and introduced. It is therefore essential to remain conversant with the important principles of structuring Islamic securities.

It has been predicted that we will see the issue of a significant number of corporate and sovereign Sukuk in the coming years and with it the development of a liquid and efficient Islamic capital market. Because of the relative infancy of the product, Sukuk documentation is often highly negotiated and based on no existing template. This can bring significant challenges to the structuring process.

Our conference will devote one entire day to overcoming these legal and documentary challenges, as well as providing a thorough grounding in the technical aspects of structuring Sukuk. This unique event is conducted by two of the world’s leading Islamic finance practitioners and innovators.

Who Should Attend

Islamic Bankers
Corporate Financiers
Investment Bankers
Corporate and Commercial Bankers
Private Bankers
Analysts
Portfolio Managers
Consultants & Lawyers
Investment Advisors
Regulators
Government representatives

To be announced...