Conference Day One: Tuesday, 23 July 2008

Islamic Real Estate Investments

09:00 Welcome And Introduction

09:15 Opportunities In Islamic Finance In Real Estate Investments Amidst The Sub-Prime Crisis

• The global credit crunch and its impact on the increasing need for Islamic finance
• Assessing the appetite for Islamic finance in real estate
• Exploring where the greatest opportunities in real estate in Asia lie and assessing developments in the industry last year
• Sustainability of Islamic finance structures in the real estate industry

Dr Alexander Ressos
international finance lawyer
Jersey/Channel Islands

09:45 Utilizing Available Opportunities To Exploit The Islamic Real Estate Potential In Asia And Predicting The Growth Of The Industry For The Next Few Years

• Evaluating the potential of Islamic finance in the real estate industry
• Identifying the countries which have done a substantial proportion of Islamic finance and determining what they have done differently

Dr. Malik Muhammad M. Al-Awan
Head-Faculty of Shari’ah
INCEIF-Malaysia

10:15 KEYNOTE ADDRESS: Waqf In Real Estate: Origin, Issues, Challenges And Prospects

• Discovering the role of different financial products in developing Waqf land
• Packaging the Waqf portfolio into an investment structure attractive for Shari’ah compliant investors
• Role and development of Islamic REITs and trusts in Waqf
• Takaful in managing Waqf development
• Reviewing the legal and regulatory framework on Waqf management

Dr. Md. Nurdin Ngadimon
Head-Islamic Capital Markets
Securities Commission of Malaysia

Investor’s Perspective: Know Your Investor

11:30 Recognizing Investors Requirements And Addressing Their Concerns

• Understanding the requirements of Middle-Eastern investors’
• Which sector of real estate are they most keen to invest in and how do they achieve optimal returns?
• Discovering the opportunities for joint ventures between local developers and international players
• Are investors looking for long term or short term investments in the real estate industry?
• Managing expectations of investors efficiently to establish a long-standing relationship

Suresh Kumar
General Manager
Emirates Financial Services

12:00 Understanding Investor Outlook Of Shari’ah Compliance For Real Estate Investments

• Addressing the investor requirements for Shari’ah compliance for real estate investments
• Examining the major Shari’ah compliance requirements investors look for in a real estate fund.
• Catering to investors demand for return on investments along with maintaining Shari’ah compliance

Richard Ellis
Co-founder
Amiri Capital

Islamic Reits In Asia: How Do They Do It?

13:30 Structuring Shari’ah Compliant REITs: A Tax Perspective

• Understanding the taxation perspective for structuring Islamic REITs
• Comparing conventional and Islamic REITs
• Examining the tax considerations for REITs in Malaysia and GCC
• Demystifying the regulatory framework suitable for the growth of Islamic REITs and attaining the same across Asia
• Are these REITs a short term or a long term investment for investors?

Jennifer Chang
Senior Executive Director
PricewaterhouseCoopers

14:15 Sector Overview For Islamic Real Estate In Asia

Assessing the suitability of Shari’ah compliant deal structuring in different sectors of real estate:

• Commercial
• Residential
• Retail
• Hospitality
• Mixed-use development

Datuk Mohd Azahari Kamil
Managing Director
AmanahRaya-JMF Asset Management

Shari’ah Compliance In Real Estate Investments

14:45 Shari’ah Scholar Perspective On Islamic Real Estate

• Addressing the key issues and overcoming the challenges of structuring Shari’ah compliant real estate investments
• How is Shari’ah legislation different:
  • within Asia
  • from Asia and the Middle East
  • among different Shari’ah boards
• Which Shari’ah interpretations should be adopted when?
• How important and viable is it to bring in uniformity in Shari’ah compliance interpretations?

Panelists:

Dr. Aznan Hasan Board Member-Shari’ah Advisory Council Bank Negara Malaysia

Dr. Mohammed Akram Laldin Shari’ah Scholar HSBC Amanah

Dr. Imran Ashraf Usmani Shari’ah Scholar Meezan Bank

Moderator:

Dr. Engku Rabiah Adawiah Engku Ali
Head-Private Law
International Islamic University of Malaysia

15:30 Reviewing The Performance Of Real Estate Related Companies Listed In GCC

• Examining the scope and coverage of Islamic real estate in the region
• Assessing property types and countries that Shari’ah compliant funds are targeting for real estate investments
• Evaluating historical returns and sensitivity to macro-economic factors
• Comparing and correlating Asian and international real estate markets

Dr. Ong Seow Eng Dept. of Real Estate National University of Singapore

Dr. Muhammad Faishal Bin Ibrahim Dept. of Real Estate National University of Singapore

16:30 Islamic Private Equity Investments In The Real Estate Sector In Asia

• Evaluating the opportunities for Islamic private equity funds investing in the real estate sector
• Catering to investors with different Shari’ah compliant structures
• Identifying the major return on investment criteria that private equity funds are looking at while undertaking investments in the real estate sector

Naoto Nomura
Head-Real Estate
NDC Investments

17:00 Developer’s Perspective On Islamic Real Estate

• Shari’ah compliance criteria that developers need to know before considering real estate investments
• Developing strategies to attract Middle Eastern investors

17:30 End Of Conference Day One

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