Islamic Capital Markets: Fit for Purpose (Session Four)

What represents innovation in the contemporary Islamic capital market: pioneering structures, sourcing underliers or the transition from ESG to impact? What options do hybrid or combination Sukuk offer issuers, particularly in asset-heavy industries, and why have such structures been so successful in the Gulf? How do Tier 1 and Tier 2 Sukuk offer financial institutions a flexible, efficient and user-friendly way of satisfying regulatory capital requirements, and what do perpetual Sukuk structures offer such issuers? What does the Bank of England Alternative Liquidity Facility offer financial institutions in terms of meeting regulatory requirements under Basel III prudential rules? What did the second sovereign Sukuk mean for Islamic finance in the UK, how was the deal structured and why was it successful? How has innovation been incorporated into Islamic project and infrastructure finance, particularly regarding concession agreements, cash contributions and investor protection? With ESG and sustainability continuing to grow in Islamic capital markets issuance, when will we see the measurement of impact? With the demise of LIBOR, is SOFR a good alternative for the Islamic capital market? We seek the views of an expert panel.

Moderator:

Dr Natalie Schoon, CEO, Redmoney Consulting

Panelists:

Ahsan Ali, Managing Director and Head, Islamic Origination, Standard Chartered Saadiq

Nitish Bhojnagarwala, Vice-President – Senior Credit Officer, Financial Institutions Group, Moody’s Investors Service

Safdar Alam, CEO, Maydan Capital

Shrey Kohli, Head of Debt Capital Markets and Product Origination, London Stock Exchange