Global Financial Markets Islamic Forum On Sunday

NBAD has organised a host of sophisticated discussions and workshops on Sharia-complaint banking at GFMIF.

 

"Organising annual Global Financial Markets Forums reflects NBAD’s commitment to increase information-sharing and raise knowledge for our valued investors and clients," says Sameh Abdulla Al Qubaisi, the General Manager of Institutional and Corporate Coverage Group at NBAD’s Financial Markets Division.

 

"The team has done a superb job in the past two years in organising the GFMF and this year we are building on our success as attested by the lineup of prestigious speakers and vital workshops and panel discussions." Al Qubaisi, adds: "Islamic finance continues to experience a rise in size, importance, and influence, so it is fitting that we bring global financiers to Abu Dhabi to discuss about Shariah-compliant banking." Financiers and scholars will discuss challenges and opportunities of the US$1 trillion Shariah-compliant banking system. Dr. Mohamad Nadal Alchaar, the Secretary General of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), will deliver a talk on "Developing the Islamic Finance Industry Through Harminisation and Standardisation." Rushdie Siddiqui, the Global Head of Islamic Finance at Thompson Reuters, would speak for "The Need of the Hour - A Dedicated Islamic Sovereign Wealth Fund." World’s leading Shari’ah scholars, Sheikh Nizam Yaquby and Sheikh Yusuf De Lorenzo, will deliver presentations on "Shariah Scholars: Open Discussion;" to be followed by panel discussions on "Investing in Abu Dhabi Sukuk and the Impact of Industry Challenges", "Indentifying Opportunities for Convergence of the GCC and Malaysian Approaches to Islamic Finance," and "Understanding and Mitigating Key Business Risks in the Takaful Market." The day concludes with the Thompson Reuters workshop "Success in Shariah compliant Fund Management;" and a Gala Dinner at night by Abu Dhabi National Islamic Finance (ADNIF), which is NBAD’s Islamic banking unit.

 

 

Global Financial Markets Islamic Forum continues on Monday, February 28, 2011. Dr. Nassim Nicholas Taleb, the author of "The Black Swan," which was described as one of the 12 most influential books since World War II, will deliver keynote presentation. Mr. Taleb, who is the Senior Scientific Advisor at Universa Investments, was one of the first observes to forewarn about the financial crisis of 2007.

 

 

"Dr. Taleb is a renowned observer of the financial markets and NBAD is extremely proud that he will speak at the GFMIF," says Mark Pritchard, the Vice President and Head of Islamic Products Institutional Coverage at NBAD’s Financial Markets Division. "GFMIF attendees will certainly benefit from his insights into the markets and global economy." The topics of discussion on Monday are "The Impact Of Current Market Conditions On Islamic Private Equity" by Aamir Rehman, Managing Director of Fajr Capital; "Looking Forward: Building a Sustainable Future for Islamic Finance Post Crisis" by Abdul Kader Thomas, President and CEO of Shape Financial Corporate and Director of American Journal of Islamic Finance; and "The Family Office: Exploring the Appetite for Shariah Compliant Investing" by David Gibson-Moore, Chief Representative of LGT Bank in Lichtenstein.

 

Monday’s event offers the Panel Discussion "The Future of Short Term Liquidity Management for Islamic Finance Institutions." It is followed by the Workshop "Bloomberg for Islamic Markets," conducted Bloomberg professionals Jahon Burhonov, an Islamic Market specialist; and Tibor Szigeti, a Fixed Income Specialist.

 

Al Hilal Bank is NBAD’s partner in GFMIF. Thompson Reuters, Bloomberg, Murex and NBAD Academy are NBAD’s workshop partners; and CNBC Arabia is the official Broadcaster of GFMF. Other partners are Etihad Airways, Official Airline, YAS Hotel, Official Hospitality Partner; Blaze Event Solutions and YAS Marina Circuit, official Entertainment Partners; Etisalat, Official ICT Partner. Supporters of GFMIF are Abu Dhabi Department of Finance; Abu Dhabi Council for Economic Development; and ACT Middle East.

 

"NBAD is thankful to all our partners for their support and contribution which will lead to a more successful forum." Al Qubaisi says.

NBAD’s Third Annual Global Financial Markets Forum will be held on March 2nd and 3rd with topics on conventional banking.