Islamic Finance & the Road to Post COVID-19 Recovery
The Covid-19 pandemic has caused a significant disruption to many facets of life, and its impact on the global economy and financial markets are unprecedented. Islamic finance is no exception. However, given that post-COVID economic recovery requires demand stimulus as well as fiscal spending, Islamic Finance may have a key role to play.
Join the Dubai International Financial Centre (DIFC) and key market leaders for an insightful discussion on COVID-19 challenges to Islamic Finance as well as opportunities Islamic Finance has to help drive a post COVID-19 recovery.
Please note, this session will be an on the record conversation.
Date: Sunday, 17 May 2020
Time: 10:00am to 11:00am GST
10:00am - 10:10am: A view of COVID-19 markets from the DIFC - Salmaan Jaffery, Chief Business Development Officer, DIFC Authority
10:10am - 10:50am: Panel Discussion - moderated by Salmaan Jaffery
Nik Joharris, Country Head, Maybank Islamic Berhad (Dubai - DIFC Branch)
Ahsan Ali, Managing Director & Head of Islamic Origination, Standard Chartered Bank
Mohammed Paracha, Head of Islamic Finance - Middle East & Africa, Norton Rose Fulbright
Ahmad Tarmidzi, Managing Director & Head of Shariah and CIB, FAB Islamic, First Abu Dhabi Bank
10:50am - 11:00am: Q & A session
Since our inception in 2004, the DIFC has been committed to becoming a leading global financial hub. Recognised as a world-leading international financial centre, DIFC is the highest ranked financial hub in the MEASA region. With over 2400 companies, over 130 Fintech firms, a community of over 25,600 employees and a market size of over USD 700 billion, DIFC is on track to achieve its 2024 vision.
The Centre is a market-leading environment and driving force for the future of Islamic Finance in the region. Islamic financial services, saw a marked rise in the volume of Islamic assets being managed in 2019, recording a 45 per cent growth year-on-year. The sector grew at 1.5 times the rate of traditional finance and looking ahead, the Middle East, Africa and South Asia (MEASA) region is likely to be a strong driver for the industry. Notably, Dubai remains one of the world's largest centres for Sukuk listings by value, with DIFC-based Nasdaq Dubai at $60 billion.