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3rd World Islamic Finance Forum (WIFF) 2022
Development of Islamic Finance Ecosystem for Global Prosperity
| DAY 1 | ||
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8:00am – 9:00am |
Registration/ Networking Break |
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9:00am –10:50am |
Master of Ceremony – Mr. Muhammad Raza, Customer Support & General Services, Meezan Bank Limited |
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Recitation from Holy Quran by Hafiz Muhammad Akram Zaheer (5 mins) |
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Opening Remarks (5 mins) |
Mr. Ahmed Ali Siddiqui, Director, IBA CEIF |
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Welcome Note (5 mins) |
Dr. S. Akbar Zaidi, Executive Director, IBA |
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Setting the Stage (5 mins) |
Dr. Ishrat Husain, Chairman, IBA – CEIF |
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Keynote Address (10 mins) |
Ms. Sima Kamil, Deputy Governor, State Bank of Pakistan |
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Keynote Address (10 mins) |
Mr. Irfan Siddiqui, President & CEO, Meezan Bank |
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Keynote Address (10 mins) |
Mr. Aamir Khan, Chairman, Securities & Exchange Commission of Pakistan |
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Keynote Address (15 min) |
Dr. Miftah Ismail, Federal Finance Minister, Government of Pakistan 1 |
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Platinum Sponsor's Address (10 mins each) |
Banking Industry – Mr. Atif Bajwa, CEO, Bank Alfalah Limited Takaful Industry – Mr. Rizwan Hussain, CEO & MD, Salaam Takaful Limited |
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Diamond Sponsor’s Address (10 mins) |
Banking Industry- Mr. Yousaf Hussain, President & CEO, Faysal Bank Limited |
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Chief Guest (15 mins) |
Shaikh Muhammad Taqi Usmani, Shariah Board Chairman, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); Chairman Shariah Board, Meezan Bank; Deputy President, Dar ul Uloom, Karachi, Pakistan |
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10:50am – 11:10am |
Networking Coffee Break |
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11:00am – 12:20pm |
Implementing Industry Vision |
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- Progress and Gaps from WIFF 2018 - "Will" to Shift to an Islamic Economic System - 3rd Islamic Banking Strategic Plan 2021-2025 - Challenges Ahead |
Mr. Irfan Siddiqui, President & CEO, Meezan Bank Mr. Junaid Ahmed, CEO, Dubai Islamic Bank Pakistan Mr. Yousaf Hussain, President & CEO, Faysal Bank Limited Syed Amir Ali, President & CEO, BankIslami Pakistan Mr. Muhammad Afaq Khan, President, MCB Islamic Bank Mr. Khurram Hilal, CEO, Islamic Banking, Standard Chartered Bank, UAE Mr. Rafe Haneef, CEO GTB, CIMB Bank Berhad, Malaysia Dr. Yahia Abdul Rahman, CEO, Lariba Banking Group, USA; CEO, Bank of Whittier, NA Dr. Muhammad Imran, Group Head Islamic Banking, Bank Alfalah |
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Session Chair |
Syed Samar Hasnain, Executive Director, State Bank of Pakistan |
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Moderator |
Mr. Ahmed Ali Siddiqui, Director, IBA – CEIF |
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12:20pm- 1:30pm |
Trajectory of the Fintech Ecosystem |
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- Growth of Fintech in ambit of Islamic Finance - Challenges faced - Role of the Regulator |
Datuk Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Finance Professionals, Malaysia Mr. Mohammad Farrukh Raza, Chairman AAOIFI Governance & Ethics Board, Group CEO, Islamic Finance Advisory & Assurance Services (IFAAS) Dr. Humayon Dar, Chairman, Cambridge – Edbiz Group of Companies Mr. Rafe Haneef, CEO GTB, CIMB Bank Berhad, Malaysia Dr. Zeeshan Ahmed, Dean, Al Qadir University Dr. Rizwan Malik –
Head - Standards Implementation & Strategic Developments AAOIFI, Bahrain |
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Session Chair |
Mr. Ghulam Muhammad Abbasi, Director Islamic Banking, State Bank of Pakistan |
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Moderator |
Mr. Ashar Nazim, CEO, Aion Digital |
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1:30pm- 2:30pm |
Lunch & Prayer Break |
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2:30pm – 2:40pm |
Special Address |
Prof. Mufti Muneeb-ur-Rehman, Chairman – Shariah Board, MCB Islamic Bank Limited |
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2:40pm – 4:00pm |
Game Changers for Islamic Capital Markets and Takaful |
Muhammad Shoaib CFA, CEO, Al Meezan Investment Management Limited Mr. Azeem Pirani, CEO, Pak-Qatar Family Takaful Mufti Irshad Ahmad Aijaz, Chairman & Shari'ah Scholar Member, Shari'ah Advisory Committee, State Bank of Pakistan; Chairman Shari'ah Board, Salaam Takaful; Chairman Shari'ah Board, BankIslami Pakistan Limited Dr. Mohamad Akram Laldin, Executive Director, International Shariah Research Academy (ISRA), Malaysia Syed
Nayyar Hussain, Executive Director, Salaam Takaful Limited |
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Moderator |
Mr. Muhammad Farhan ul Haq Usmani, Head of Shariah Audit & Advisory, Meezan Bank |
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Session Chair |
Mr. Farrukh Khan, CEO & MD, Pakistan Stock Exchange |
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4:00pm - 4:15pm |
Networking Coffee Break |
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4:15pm – 5:30pm |
Presentation of Research Papers/Case Studies |
1. Presenting Islamic Finance to the whole humanity By Usama Ehsan, Dr. Muhammad Imran
2. Revisiting the Conceptual and the Operational Frameworks for Sharīʿah Governance of the Islamic Banks By Muhammad Ayub, Irum Saba, Sohail Kamran
3. "Après nous, le déluge" towards a shock theory of Islamic green finance By Salim Refas, Ezzedine Ghlamallah
4. Islamic Social Finance Ecosystem and the Role of Crowdfunding By Abidullah Khan, Raditya Sukmana, Wasim Jan
5. The Nexus of Sustainability Practices and Financial Performance: A Perspective of Asian Islamic Banks By Dr. Rehana Kouser, Irum Saba, Muhammad Zainul Abdeen, Zeeshan Mahmood
6. The development of the Islamic Banking in Kyrgyzstan By Dr Kamchybek Omurzakov |
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Session Chair |
Dr. Aishath Muneeza, Associate Professor, INCEIF, Malaysia |
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5:30pm-5:40pm |
Wrap-up Session -Summarizing Key Takeaway Points and Highlights of Day 1 – WIFF 2022 |
Dr. Irum Saba, Associate Professor & Program Director, IBA – Centre for Excellence in Islamic Finance |
| DAY 2 | ||
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9:00am - 10:00am |
Master of Ceremony – Dr. Rizwan Malik – Head, Standards Implementation & Strategic Developments AAOIFI, Bahrain |
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Recitation from Holy Quran by Hafiz Muhammad Akram Zaheer (5 mins) |
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Opening Remarks (5 min) |
Dr. Irum Saba, Associate Professor & Program Director, IBA – Centre for Excellence in Islamic Finance |
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Keynote Address (10 min) |
Mr. Omar Mustafa Ansari, Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain |
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Keynote Address (10 min) |
Ms. Sadia Khan, Commissioner, SECP |
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Keynote Address (10 min) |
Mr. Mohammad Farrukh Raza, Chairman AAOIFI Governance & Ethics Board, Group CEO, Islamic Finance Advisory & Assurance Services (IFAAS) |
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Keynote Address (10 min) |
Dr. Ahmet F. Aysan, Professor & Program Coordinator of Islamic Finance and Economy, Hamad Bin Khalifa University, College of Islamic Studies, Qatar Foundation |
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Special Address (10 min) |
Syed Amir Ali, President & CEO, BankIslami Pakistan |
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10:00am – 11:00am |
Future of Islamic Finance |
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- Strengthening Islamic Economy and Financial System in the Post Pandemic era - Sustainability in Islamic Finance |
Mr. Ariful Islam, Deputy CEO, Meezan Bank Limited Dr. Imran Ashraf Usmani, Vice Chairman – Shari’ah Board, Meezan Bank Limited Dr. Hatim El Tahir, Director Islamic Finance Group, Islamic Finance Knowledge Center Leader, Deloitte & Touche, Bahrain Dr. Yahia Abdul Rahman, CEO, Lariba Banking Group, USA and CEO, Bank of Whittier, NA, USA Mufti Abdullah Najeeb Siddiqui, Resident Shari’ah Board Member, AlBarakah Bank Pakistan Limited Mr. Adnan Fasih, Group Head Islamic Banking, Habib Bank AG Zurich Mr. Muhammad Nassir Saleem, Acting Head Islamic Banking, Habib Bank Limited |
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Session Chair & Moderator |
Mr. Omar Mustafa Ansari, Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain |
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11:00am – 11:15am |
Networking Coffee Break |
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11:15am - 12:30pm |
Islamic Finance Education Past- Present- Future
Industry – Academia Linkages
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Dr. Shafiullah Jan, Assistant Professor, Institute of Management Sciences Dr. Syed Aun R. Rizvi, Associate Dean, Suleman Dawood School of Business, LUMS Dr. Imam Uddin, Associate Professor, Department of Accounting and Finance, IoBM Dr. Mohamed Eskandar Shah Mohd. Rasid, Associate Professor, Hamad Bin Khalifa University (HBKU) Prof. Dr. Rusni Hassan, Professor, Institute of Islamic Banking and Finance, IIUM Dr. Aishath Muneeza, Associate Professor, INCEIF Dr.
Ahmet F. Aysan, Professor & Program Coordinator of Islamic Finance and
Economy, Hamad Bin Khalifa University, College of Islamic Studies, Qatar
Foundation |
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Session Chair |
Prof. Dr. Necdet Sensoy, Director, Research Centre for Islamic Economics & Economic Systems, Istanbul Commerce University |
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Moderator |
Dr. Irum Saba, Associate Professor, IBA – Centre for Excellence in
Islamic Finance |
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11:15am- 12:45pm |
Closed Door Session on
"Leveraging the modern technology to enhance and promote Islamic
Finance" |
Mr. Majid Dawood – CEO, Yasaar Research UK Dr. Aznan Hasan – Non-Executive Director, Maybank Islamic, President of ASAS, Mr. Rushdi Siddiqui – Co Founder/CEO, EMStartups. Mr. AI Umer Suleman – GM UK & Head of Global Risk & Audit, Wahed Funds Mr. Muhammad Asad – CIO, Al-Meezan Investment Management Limited Mr. Hasnain S. Jaffery – Co-Founder, The Zeal |
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Moderator |
Mr. Muhammad Farhan ul Haq Usmani, Head – Shariah Audit Department, Meezan Bank Limited |
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12:30pm-12:40pm |
Presentation by PMRC |
Mudassir H. Khan, Managing Director & CEO, Pakistan Mortgage Refinance Company Limited (PMRC) Hasan Junaid Nasir, Head Islamic Business, PMRC |
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12:40pm-12:50pm |
Answering the Global Burning Questions of Millennials on Islamic Finance through stories |
Dr. Muhammad Imran, Group Head, Islamic Banking, Bank Alfalah Limited |
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1:00pm - 2:00pm |
Lunch & Prayer Break |
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2:00pm – 3:15pm |
Expanding the Islamic Finance Horizon |
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Report Presentation (10 mins) |
Mr. Omar Shaikh, Advisory Board Member & Director, UK Islamic Finance Council |
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- Global Islamic Financial Inclusion - Shared prosperity |
Muhammad Faisal Shaikh, Head Islamic Banking, Faysal Bank Limited Mr. Rafe Haneef, CEO CIMB, Malaysia Dr. Aishath Muneeza, Associate Professor, INCEIF, Malaysia Dr. Mohamed Eskandar Shah Mohd. Rasid, Associate Professor, Hammad Bin Khalifa University (HBKU) Mr. Tanveer Farhan Mahmood, Head – Islamic Banking, UBL |
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Session Chair & Moderator |
Mr. Mohammad Farrukh Raza, Chairman AAOIFI Governance & Ethics Board, Group CEO, Islamic Finance Advisory & Assurance Services (IFAAS) |
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2:00pm – 4:00pm |
Closed Door Session on "Challenges faced by IFIs in Ensuring Shari'ah Compliance" |
Mufti Muhammad Najeeb Khan, Chairman Shari'ah Board, Summit Bank Mufti Hassan Kaleem, Chairman Shari'ah Board, Pak-Qatar Takaful, Member Shari'ah Board, Dubai Islamic Bank Prof. Dr. Noor Ahmed Shahtaz, Shari'ah Scholar Mufti Syed Sabir Hussain, Resident Shari'ah board Member/ Head Shari'ah Compliance, MCB Islamic Bank Dr. Imran Ashraf Usmani, Vice Chairman – Shari'ah Board, Meezan Bank Limited Mufti Irshad Ahmad Aijaz, Chairman & Shari'ah Scholar Member, Shari'ah Advisory Committee, State Bank of Pakistan; Chairman Shari'ah Board, Salaam Takaful; Chairman Shari'ah Board, BankIslami Pakistan Limited Ayatullah Sheikh Shabbir Hasan Lakhani Maisami, Shari'ah Board Member – Salaam Takaful, Shari'ah Scholar Member – Shari'ah Advisory Committee, State Bank of Pakistan1 |
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Special Address |
Dr. Mohamad Akram Laldin, Executive Director, International Shariah Research Academy (ISRA) |
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Moderator |
Ms. Nighat Tanveer, Additional Director, Islamic Banking Department, State Bank of Pakistan |
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3:15pm – 4:30pm |
Presentation of Papers |
1. Sustainability Assessment of Malaysian Islamic Banking Industry and its Impact on Achievement of Maqāsid-Al-Shari'ah By Quanita Shamoon, Akhtiar Ali
2. Impact of Alpha adjusted capital adequacy ratio (CAR) on the financial performance of Islamic banks in Pakistan By Rahmat Ullah, Awais Ali
3. Islamic banking: Past, Present and Future By Ashraf Khan, M. Kabir Hassan, Andrea Paltrinieri, Muneer M. Alshater
4. The role of human resource in development and quality enhancement of Islamic banking industry in Pakistan By Sanaullah Ansari
5. Equity Crowdfunding: A systematic Literature Review on Unfolding the Returns Mechanism Confronts By Mohamed Hisham Bin Hanifa, Anna Azriati Binti Che Azmi, Iftikhar Ahmed
6. Cryptocurrencies; Regulatory, Shariah and Social Issues: A Systematic Review By Rahman Ullah Khan, Karim Ullah Dr |
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Session Chair |
Dr. Mohamed Eskandar Shah Mohd. Rasid, Associate Professor, Hamad Bin Khalifa University (HBKU) |
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4:30pm – 4:45pm |
Coffee Break |
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4:45pm – 5:30pm |
Concluding Power Session with Islamic Finance Visionaries |
Prof. Dr. Ishrat Husain, Chairman, CEIF-IBA Mr. Irfan Siddiqui, President & CEO, Meezan Bank Mr. Yousaf Hussain, President & CEO, Faysal Bank Limited Mr. Junaid Ahmed, Chief Executive Officer, Dubai Islamic Bank Pakistan Dr. Muhammad Imran, Group Head, Islamic Banking, Bank Alfalah Limited Dr. Yahia Abdul Rahman, CEO, Lariba Banking Group, USA; CEO, Bank of Whittier Mr. Omar Mustafa Ansari, Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Prof. Dr. Rusni Hassan, Professor, Institute of Islamic Banking and Finance, IIUM |
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Moderator |
Mr. Ahmed Ali Siddiqui, Director, Centre for Excellence in Islamic Finance, Institute of Business Administration (IBA – CEIF) |
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5:30pm-5:45pm |
Closing Address of WIFF 2022 |
Dr. Murtaza Syed, Acting Governor, State Bank of Pakistan |
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5:45pm – 5:50pm |
Wrap-up Session - Summarizing Key Takeaway Points of WIFF 2022 |
Dr. S. Akbar Zaidi, Executive Director, IBA |
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5:50pm-6:00pm |
Awards Distribution Ceremony |
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