Overview
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5th Global Islamic Finance Issuers and Investors Leadership Dialogue
Opportunities beyond uncertainty
27 October 2022 | 10:00 AM - 12:00 PM
Overview

Islamic finance faced plenty of headwinds as 2022 got underway. Data from Fitch Ratings show second-quarter sukuk issuance fell by more than 17% quarter on quarter from core markets, such as the Gulf Cooperation Council (GCC), Malaysia, Indonesia, Turkey and Pakistan, after posting a growth of more than 11% in the first quarter.

Compared with conventional bonds, however, it is far less affected by recent market volatility. The recent oil price spike, however, did dampen issuance activity and will likely continue to do so as oil exporters in the GCC reduce their funding needs. Issuers also are grappling with complexities related to shariah compliance while rate hikes have lowered investors’ appetite for emerging market debt.

Longer-term demand for sukuk is unlikely to slow as investors seeking higher returns from emerging market debt and funding diversification – including from non-Muslim countries – takes root. The trend is expected to narrow the demand-supply gap in the sukuk market by 2026.

To be sure, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) issuance of new standards for financial reporting is affecting sukuk issuance in the short term. On the other hand, merger and acquisition activity in the GCC’s Islamic banking sector is expected to increase as many Islamic banks are looking to strengthen their competitive advantage, particularly in the areas of pricing and funding costs, and seeking growth opportunities.

The Asset Events presents the 5th Global Islamic Finance Issuers and Investors Leadership Dialogue. This exclusive dialogue brings together investors, policymakers, economists and industry players to discuss various key issues and developments in the sector.

Agenda
27 October 2022
10:00 AM
Registration and coffee
10:30 AM
Exclusive discussion
  • What are the implications of rate hikes to the market?
  • What are the potentials for countries to use green and sustainability sukuk to raise funds to help achieve SDGs?
  • How significant is the role of Islamic finance in bridging the financing gap and providing the funds required for the industry to meet its SDG commitments and address climate change? How will stakeholders leverage these opportunities?
  • As the banking sector digitalizes, how will Islamic banks fully embrace the change and simplify its processes while staying within the parameters of Shariah? What are the risks and challenges presented by these changes for Islamic banking?
  • How do stakeholders compare the current sukuk market against that of the pre-Covid-19 period?
  • How will sukuk maintain its growth momentum amid market volatility and the new AAOFI compliance standards?
  • Is the opening of new markets able to contribute to this growth?
  • What are the key drivers for more sukuk issuance?
  • What are other areas of opportunity for sukuk in the current market environment?
  • What are the implications of default for an investor’s portfolio?
Yeoh Teik Leng
Yeoh Teik Leng
head, debt markets group
AmInvestment Bank
Engku Rabiah Adawiah
Engku Rabiah Adawiah
Shariah Advisory Council member
Bank Negara Malaysia and Securities Commission Malaysia
Datuk Chung Chee Leong
Datuk Chung Chee Leong
president/chief executive officer
Cagamas
Bashar Al Natoor
Bashar Al Natoor
global head of Islamic finance
Fitch Ratings
Hichem Bouqniss
Hichem Bouqniss
executive director – business operations
International Islamic Liquidity Management Corporation
Chito Santiago (moderator)
Chito Santiago (moderator)
executive editor
The Asset
11:30 AM
Q & A
11:45 AM
Networking
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Event Photos
Meeting new partners at the event
Meeting new partners at the event
Sharing ideas at the event
Sharing ideas at the event
Audience members eager to learn about new trends in Islamic finance
Audience members eager to learn about new trends in Islamic finance
Stage with distinguished speakers
Stage with distinguished speakers
Engku Rabiah Adawiah, Shariah Advisory Council,  member at Bank Negara Malaysia and Securities Commission, Malaysia
Engku Rabiah Adawiah, Shariah Advisory Council, member at Bank Negara Malaysia and Securities Commission, Malaysia
Bashar Al Natoor, global head of Islamic finance at Fitch Ratings
Bashar Al Natoor, global head of Islamic finance at Fitch Ratings
Yeoh Teik Leng, head, debt markets group,  AmInvestment Bank
Yeoh Teik Leng, head, debt markets group, AmInvestment Bank
Question from the floor
Question from the floor