THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
THE INAUGURAL ISLAMIC FINANCE CONFERENCE
Venue: Voyager Beach Resort, Mombasa
Theme: “Islamic Finance: A catalyst for Shared Prosperity”
Date: 17th to 19th July 2019
Islamic finance is an emerging sector in financial services industry which is based on Islamic scriptural texts that prohibit usury (interest). Essentially, Shariah compliant financing is aimed at promoting fairness and equity in transactions, avoiding interest, abstaining from non-permissible activities and reward sharing through transparent processes. It spans in the banking, capital markets, insurance and pensions services.
Globally, Islamic finance controls assets worth over $2 trillion. In Kenya, Islamic finance is just over a decade old, having been introduced by Barclays Bank with the introduction of Shariah compliant banking products. The industry holds tremendous potential and promises great benefits not only to Muslims but to everyone seeking an ethical alternative to the traditional financial services offered in the market.
The theme of the Inaugural Islamic Finance will focus on key areas of the Islamic finance sector, including regulatory, strategic, FinTech, operational and risk transformation to ensure that the industry is able to build critical mass, expand its geographic reach & depth, and participate in large-scale deals seamlessly across jurisdictions – and, ultimately and most importantly, to successfully meet the needs of an ever-growing base of investors, customers and end-users.
In view of this, ICPAK will hold this Inaugural Conference to shed light on this sector and enhance members’ knowledge in matters Islamic finance. The conference will focus on areas such as:
- The new SRI? Sustainable, Responsible, & Islamic Finance: Islamic finance tends to take new and successful products from the world of finance and develop Shariah-compliant alternatives, a ‘replication’ strategy for growth. Although this strategy has put Islamic finance on the global finance map, it faces diminishing returns with passing decades. Islamic finance needs to win over a new generation of Muslim millennials, who share the expectations of their generational cohort for finance to be more responsive to their desire for social and environmental impact. Disruptive tools like FinTech, responsible finance and social entrepreneurship offer a seemingly alternative narrative that Islamic finance can use to advance its ethical values. However, their small-scale deployment hinders wider scale adoption. Presenters
- Fintech, Blockchain and Crowdfunding: It’s Role in Impact Financing: This specialized session focuses on the current and future implications of Fintech and Blockchain on Islamic finance and addresses issues from strategic, operational, regulatory and Shariah perspectives. The session will also discuss the changing landscape of impact financing with the advent of innovative crowdfunding approach. The panelists will deliberate on the present and likely future regulatory environment surrounding technological development and its impact on Islamic financial institutions from privacy and security viewpoints.
- Shining a light on East Africa’s Islamic Economy – case Studies from Kenya & Uganda & Tanzania
- Islamic finance: a significant potential for international arbitration
- Shariah Governance Framework
- Overview of Islamic Finance: Takaful & Sukuku Case Study of Dana Gas
- Financial Reporting Updates: IFRS16: Leases (taking effect 2019), IFRS15/13: Overview, IFRS9: Challenges/recommendations
- How might we 10X The Global Islamic Economy for Our Shared Future: High-energy, team-based design activity in which participants rapidly brainstorm, develop and propose concepts and ideas that reimagine the future Global Islamic Economy. When time is up, a representative of each group will share their ideas to the whole group. Attendees will be interacting directly with Session Leaders and with Co-facilitators, enabling them to benefit & learn directly from their expertise and experience through an engaging and interactive format.
Government Policy Makers, Banking Regulators & Auditors, Legal Practitioners, Economists, Finance & Accounting Professionals, Sharia Scholars & Compliance Experts, Professionals from Islamic Banks & Takaful Companies, Academicians, CEOs and CFOs from both Public and Private Sector.
|Category||Early Bird Registration
Booking & Payment on or before 2nd July 2019
Booking & Payment or LSO/LPO received by ICPAK after 2nd July 2019
|Associate Members/Accounting Trainees||Ksh. 40,000||Ksh. 50,000|
|Kenyan based Members/ACCA Members and IFAC PAOs||Ksh. 50,000||Ksh. 55,000|
|Non-members & International Delegates||Ksh. 55,000
C. CPD UNITS
Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.
The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email Raphael on email@example.com
We encourage members to regularly visit our website www.icpak.com for updates.