Conference Day Two: Wednesday, 24 July 2008

Islamic Housing Finance

09:00 Welcome And Introduction

09:15 Capitalizing On The Islamic Finance Potential In The Housing In The Housing Finance Market In Asia

• Islamic finance as a way to bring in liquidity to the market
• Overview of Islamic home finance and affordable housing solutions in Asia
• Overcoming the challenges of affordable social housing and Islamic solutions in Asia
• Analyzing key reforms in Islamic Housing Finance Industry in Asia

Musa Abdul-Malek
Deputy MD
HSBC Amanah

10:00 Islamic Mortgages-Reviewing The Popular Shari'ah Compliant Mortgages And Their Viability In Asia

• Assessing the opportunities and issues relating the existing Islamic mortgage structures- Murabaha, Al-Bai Bithaman, Ajil, Ijara, Diminishing Musharaka
• Evaluating the popularity of these housing finance structures in Asia and understanding the viability of each of them in various countries of Asia
• Comparing the demand dynamics for these Islamic mortgages in GCC and Asia

Megat Hizaini Hizaini
Partner
Zaid Ibrahim & Co.

Shari’ah Compliance In Property Finance

11:15 Shari'ah Scholar Perspective On Existing Housing Financing Structures

• Are the practiced structures Shari'ah compliant in Asia?
• Comparing the Malaysian and the Middle Eastern model of Islamic banking
• Evaluating the reforms in property ownership, inheritance and domicile laws in GCC and Asia

Dr. Mohammed Akram Laldin
Shari’ah Scholar
HSBC Amanah

12:00 Understanding The Shari’ah View On Repayments, Redemptions And Repossessions

• Handling repayments, redemptions and repossessions the Shari’ah way
• Are repossessions in Islamic structures a complicated procedure following defaults in payments?

Dr. Imran Ashraf Usmani
Shari’ah Scholar
Meezan Bank

Sukuk: Islamic Securitization In Both Real Estate And Housing Finance

14:00 Structuring Sukuk For The Real Estate Market And Examining Its Growth

• Assessing the tremendous growth of the sukuk market in Malaysia
• Learn the formula for success and analyze if this can be applied in every market
• Is there a huge possible impact of the sub-prime crisis on sukuk issuance?
• Overcoming credit risk in sukuk and issues facing more covenants and thin pricing
• Exploring the benefits of rating sukuk
• Discovering emerging markets like Japan and Indonesia for issuing sovereign sukuk

14:30 Islamic Mortgage Securitization: Learning Principles And Reviewing Case Studies

• Demystifying primary Islamic mortgage principles and structuring
• Understanding the salient benefits of Islamic securitization following the sub-prime crisis
• Tackling the drawbacks of Islamic mortgage securitization
• Legal and economic implications of Shari’ah compliance on the configuration of securitization transactions

Shamsun Anwar Hussain
Director, Global Market-Middle East
CIMB

15:15 Risk Assessment For Islamic Mortgages

• Understanding various risks involved in structuring Islamic mortgages
• Managing liquidity risk for Islamic Banks
• Developing effective risk management strategies in valuation assessment

Faisal Hijazi
Senior Analyst, Structured Finance - Middle East & Islamic Finance
Moody's Investor Service

16:15 Regulation And Supervision: Creating A Framework For Islamic Housing Finance To Flourish

• An outlook of the regulatory structure for Islamic housing finance in Asia
• Addressing the need for a strong regulatory framework catering to the need for Islamic banking and finance in the real estate sector
• Placing greater emphasis on transparency and strong corporate governance practices

Ahmad Rizwan
Senior Lawyer
Habib Al Mulla & Company

16:45 Addressing The Need For Establishing Takaful (Institutional Investors) And Other Expertise For Islamic Finance In Asia

• Lack of Shar’iah scholars and human capital with expertise to guide in Shari’ah compliant financing
• Overcoming the challenges within the real estate industry resulting from the strong demand of Takaful to boost investments in the real estate sector

Atsuhiko Ayabe
General Manager-Research & Product Development
Hong Leong Tokio Marine Takaful

17:15 End Of Conference Day Two

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