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Africa offers exciting growth prospects. In the next few years, 7 out of the 10 fastest growing economies in the world will be in Africa. Growth drivers are becoming increasingly diverse, with the resource-based, construction and services sectors taking the lead. Islamic finance has tremendous potential to at least partly support the funding gaps in Africa while enhancing the financial inclusion rates in the region. According to reports, The Islamic banking segment in Africa has plentiful opportunities supported by Africa's large and under-served Muslim population and increasing awareness of Shari'a-compliant products. In addition, it provides government institutions an alternative financing mechanism to support the country's capital expenditure needs. The methods undertaken, united with the natural advantages offered by Africa, are likely to lead to stronger growth of the Islamic finance industry in the region.

Through a number of key derivatives, the Central Bank of Djibouti has thoroughly established Islamic finance as a key constituent of the economic system in Djibouti. The Central Bank of Djibouti is delighted to host the 3rd Annual Islamic Banking Summit: Africa (IBSA 2014). Since its launch, the conference has gone on to establish itself as the integral platform that’s supports the continuous growth of Islamic Finance in Africa. IBSA 2014 will provide a high-profile platform to specifically focus on the Opportunities and challenges that are forging the Islamic banking, finance, and investment landscape in Africa.


H.E. Ahmed Osman
Governor
Central Bank of Djibouti

Special Presidential Address by

H.E. Ismaïl Omar Guelleh

President of the Republic of Djibouti, Head of Government

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Summit Day One - Wednesday, 6 November 2013




08.00 to 09.00


Registration and Refreshments


09:00


Opening of the 2nd Annual Islamic Banking Summit Africa
(IBSA 2013)


09:00 to 09:05


Summit Chairperson’s Opening Remarks

Summit Chairperson:

Dr. Alberto Brugnoni
Founder and Managing Partner
ASSAIF




09:10 to 09:50


Opening Keynote Address:
Assessing the Progress & Development of Islamic Finance in Africa

Opening Keynote Speakers:

H.E. Ahmed Osman
Governor
Central Bank of Djibouti


H.E. Dr. Mohamed Khair Ahmed El Zubair
Governor
Central Bank of Sudan


Key Discussion Points:

• Reviewing the Islamic finance landscape in Africa and prospects for growth

• Government and regulatory support for Islamic finance to thrive in Africa


09:50 to 10:10


Keynote Plenary Session:

Capacity Building to Position Islamic Finance as a Catalyst for a New Wave of Economic Development in Africa

Keynote Speakers:

H.E. Khaled Mohammed Al-Aboodi
Chief Executive Officer
The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group (IDB), Saudi Arabia

Abdelilah Belatik
Assistant Secretary - General
Islamic Financial Services Board (IFSB)



Key Discussion Points:

• Positioning Islamic Finance to better meet the economic needs of Africa

• Government and private sector imperatives for making Islamic Finance successful in Africa
• Perspectives on Global Regulatory and Capacity Building


10:10 to 10:30


Special Presidential Address by

H.E. ISMAÏL OMAR GUELLEH

President

Republic of Djibouti, Head of Government




10:30 to 11:00


Opening of the 2nd Annual Islamic Banking Summit – Africa (IBSA 2013) Exhibition and Refreshment Break


11:00 to 11:45


Session 1:
Industry Leaders & CEO Power Debate: Capturing the Africa Opportunity – Scoping Market Potential & Overcoming Challenges

Discussion Leader:

Adnan Halawi
Product Manager
Zawya Islamic Finance



Keynote Debaters:
Amman Muhammad
Chief Executive Officer
FNB Islamic Bank

Hirsi Dirir
Chief Executive Officer
Dahabshil Bank International

Khalid Al Qattan
First Vice President-Head of Treasury & Investment
Al Baraka Banking Group

Sulaiman Al Harthy
Group General Manager
Meethaq Islamic Banking Group

Yahya Hussein Mohamed
Assistant General Manager
Salaam African Bank

Ehsaan Ahmed
Head of Global Transaction Services and SME
Noor Islamic Bank, Dubai


Key Discussion Points:

• Strengthening Islamic finance’s links to the real economy in Africa

• Connecting Africa to the world of Islamic finance – Asia, the Arabian Gulf & beyond


11:45 to 12:00


Session 2
Shari’ah-Compliant Investments: Innovative New Approaches to Better Aligning the Role of AWQAF with Islamic Finance

Speaker:

H.E. Tayeb Abdulrahman Al Rais
Secretary General
Awqaf & Minor Affairs Foundation, Dubai




12:00 to 12:30


Session 3:
Addressing End-User Needs: Innovating Islamic Finance Solutions for Africa


Speakers:
Dr. Suleiman Walhad
Islamic Finance Professional



Furqan Ahmad
Head of Product & Services Development
Islamic Banking Sector, KSA



Key Discussion Points:

• What do African markets need from Islamic Finance?
• Supporting SME development in Africa
• Islamic Project &Trade Finance


12:30 to 13:15


Session 4:

Scaling Up Islamic Finance in Africa: Expanding the Regional Footprint

Speakers:
Fadi Salim Al Faqih
Chief Executive Officer
Bank of Khartoum


Mohammed Farrukh Raza
Founder and Managing Director
IFAAS


Etsuaki Yoshida
Director & Senior Economist
Japan Bank for International Cooperation (JBIC)



Key Discussion Points:

• How can local Islamic finance institutions work with regional and international players to build better capabilities and offerings?
• Building greater awareness for Islamic finance products


13:15 to 14:30


Conference Luncheon


14:30 to 15:15


Session 5:

Takaful & ReTakaful Prospects in Africa


Speakers:

Zubairu Suleiman Darazo
Deputy Head (Takaful Insurance Unit),
Representative of the Commissioner for Insurance in Nigeria

National Insurance Commission (NAICOM)


Dr. Omar Clark Fisher
Managing Director
Khidr Solutions


Key Discussion Points:

• Takaful in Africa: what is the outlook for its growth
• Which product areas have the highest growth potential in Africa
• What are the prospects for Re Takaful in Africa



15:15 to 16:00


Session 6:
Global View - Africa Focus: International Research Findings & Implications for Islamic Finance in Africa

Panelists:

Mohammed Farrukh Raza
Founder and Managing Director
IFAAS


Mahinaz El Aasser
Analyst, Head of Data
- Islamic Finance Information Services (IFIS)
Euroweek


Key Discussion Points:

• What does the current International research trends into the Islamic finance mean for the development of the Industry in Africa?
• What research is currently available on Islamic finance in Africa? What needs to be done to provide a platform for the industry to grow?


16:00


Close of Day 1


Go to Agenda Day 2