Tunis, Tunisia– Senior representatives of multilateral development institutions, regulatory authorities, and capital market operators are scheduled to attend a seminar on the role of Islamic capital markets in mobilizing resources for achieving sustainable development, during the 43rd Annual Meeting of the IDB Group in Tunis, Tunisia.
The seminar will be held on 3 April 2018, as part of the side events of the annual meeting, in partnership with the Central Bank of Tunisia and Bank Zitouna.
Islamic capital markets, particularly Sukuk, constitute a key component of the Islamic finance industry, which has recorded phenomenal growth in the past decade. The seminar will highlight the critical role Islamic capital markets can play in fostering socioeconomic development and in the achievement of the Sustainable Development Goals (SDGs).
Governor of the Tunisian Central Bank, Mr. Marouane Abassi, is expected to speak at the opening of the event, while Indonesian Finance Minister, Dr. Sri Mulyani Indrawati, and Dr. Mahmoud Mohieldin, Word Bank Senior Vice President, will deliver keynote speeches. These will be followed by a presentation on the IDB Sukuk Model Law Project by Dr. Mansur Noibi, Acting Director General/General Counsel of IDB.
A panel session will subsequently discuss the challenges and prospects of Islamic capital markets in IDB member countries; how Sukuk can play a greater role in resource mobilization for development; and how multilateral institutions and other stakeholders can leverage Islamic capital markets more efficiently.
The panel discussants will include Mr. Michael Bennett, Head of Derivatives and Structured Finance at the World Bank; Mrs. Hajara Adeola, Managing Director and CEO of Lotus Capital, Nigeria; and Mr. Mohammed Dawood, Managing Director and Global Head of Sukuk Financing at HSBC.