International conference of sukuk to take place in Doha | International conference of sukuk to take place in Doha -
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International conference of sukuk to take place in Doha

Qatar: Tuesday, April 30 - 2013 @ 16:26

A number of leading legal and financial experts and Shari’a scholars, as well as top executives, will be taking part in the event, which is entitled “Sukuk Instruments between Standardised Structuring and Secured Implementation”. It is being organised by the International Islamic Centre for Reconciliation and Arbitration (IIRCA) under the official sponsorship of the Central Bank of Qatar and with Qatar Islamic Bank acting as a strategic sponsor.

Through this conference, the IICRA is aiming to raise the profile of Islamic Banking in general and of Sukuk industry in particular – along with discussing the latest thinking on issues facing all kinds of Sukuk in all their processing stages: issuing, trading, property, termination and insurance.

The two-day conference will feature sessions discussing the legal and jurisprudential framework of Sukuk, the legal system for trading and issuing Sukuk, practical realities, recent draft laws, supervision and control, and the settlement of disputes in the Sukuk industry.

As well as examining the legal and jurisprudential framework of Sukuk, the first day will consider the role of jurisprudential academies in forming a legitimate framework of Sukuk instruments and also the role law firms play in structuring this legal framework. This will be followed by a session looking at practical aspects of Sukuk Issuance, including getting around legal obstacles between Sukuk ownership and Shari’a requirements.

The role of supervisory authorities will come under the spotlight on the second day, together with ratings agencies, and the settlement of disputes in the Sukuk industry. Finally the delegates will discuss aspects of specialised arbitration in the Islamic finance industry with a look at how the International Islamic Centre for Reconciliation and Arbitration works in this regard.

Commenting on the importance of the conference, the IIRCA General Secretary, Dr. Abdessattar Al Khouildi said, “We have decided to organise the conference in Doha because we value the key economic role of the State of Qatar in the region, bearing in mind that Islamic banking in this country plays a leading and vital role in issuing Sukuk regionally. The conference aims to highlight the current legal and technical issues surrounding Sukuk at all stages of issuance, trading, possession, and insurance; and as such it is a major opportunity to exchange expertise at both the local and international level.”

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Tuesday, April 30- 2013 @ 16:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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