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CFA Society Emirates holds seminar Experts discuss issues related to Islamic finance, sukuk

DUBAI, Jan 16: Last night CFA Society Emirates, the local UAE member society of CFA Institute, hosted an expert panel and dinner at the Shangri-La Hotel in Dubai to discuss the benefits and challenges inherent in sukuk issuance, with a focus on the UAE and its desire to become a global platform for sukuk issuance and trading. All CFA charterholders and other members of the financial community were invited to hear six senior financial executives experts discuss a number of trends and issues relating to the ‘Islamic Finance and Sukukin the UAE’.

Romain Rousseau, who moderated the event, was joined by:
* Craig Hewett - SVP - Head of Business Development - Nasdaq Dubai
* FawazAbusneineh, CFA - Head of Debt Capital Markets - National Bank of Abu Dhabi
* Khalid Howladar- Vice President, Senior Credit Officer - Moody’s
* Mohamed Saleem - Executive Vice-President and Chief of Treasury - Dubai Islamic Bank
* Reza Mahmud, CFA - Vice President, Debt Capital Markets - National Bank of Abu Dhabi
* Richard O’Callaghan - Partner - Linklaters

The panel raised many topics including that globalsukuk issuance growth trends are likely to continue and longer tenor sukuk structures are increasingly popular. Also, investors can have confidence that local stock exchanges in the UAE have international compliance standards. The panel concluded that Dubai has the capacity and is in a great position to become the hub of the global Islamic financial market.

Speaking at the event Amer Khansaheb, President of CFA Society Emirates, said:  “As the understanding and interpretation of Islamic finance and sukuk evolve, global investors are interested in increasing their familiarity with these types of instruments. While Dubai is keen to consolidate its strong position in the global Islamic financial services sector, it faces competition from other financial markets. An event like this brings qualitative discussion into the fore and contributes to the development of local capital market skills and insights”.


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