THE INAUGURAL ISLAMIC FINANCE CONFERENCE (POSTPONED)

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July 9 @ 8:00 am - 5:00 pm

| Ksh 55000

(Due to unavoidable circumstances the Conference has been POSTPONED to a later date to be communicated in due time)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

THE INAUGURAL ISLAMIC FINANCE CONFERENCE

Venue:  Sarova Whitesands Hotel & Beach Spa, Mombasa Kenya

Theme: “Islamic Finance: A catalyst for Shared Prosperity”

OVERVIEW

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:

  1. 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
  2. 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.
  3. Islamic Finance: Current, Future Trends and Challenges: Despite the development achieved by Islamic finance, there are many challenges that face it. Including the differences between theory and practice as well as variety of views held by practitioners and financial experts pose big challenges. This session will look at the current Islamic Finance development, principles, norms, instruments, and growth period, future Islamic finance opportunities and finally Challenges for Islamic Finance.
  4. Shining a light on East Africa’s Islamic Economy – case Studies from Kenya & Uganda & Tanzania
  5. Islamic finance: a significant potential for international arbitration
  6. Shariah Governance Framework
  7. Overview of Islamic Finance: Takaful & Sukuku Case Study of Dana Gas/Gulf Bank
  8. Recent Developments in Financial Reporting affecting IF:
  • IFRS16: Leases (taking effect 2019)
  • IFRS15/13: Overview
  • IFRS9: Challenges /recommendations

B.  TARGET

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.

Charges

Category Early Bird Registration

Booking & Payment on or before 5th July 2019

Normal Registration

Booking & Payment or LSO/LPO received by ICPAK after 5th  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

USD 650

Ksh. 60,000

USD 610

C.   CPD UNITS

Members of ICPAK and those from other reciprocating professional bodies will earn 20 CPD units upon successfully attending all conference sessions.

Partnership Opportunities

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 raphael.nguli@icpak.com

Further requests can be channeled to us via telephone calls on +254 719 074000/100/129 or via email to brenda.imali@icpak.com with a copy to memberservices@icpak.com

We encourage members to regularly visit our website www.icpak.com for updates.

Details

Date:
July 9
Time:
8:00 am - 5:00 pm
Cost:
Ksh 55000
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

Target
Public and Private Sector
CPD Hours
20
Associates Member Cost
Ksh 50,000
Full Member Cost
Ksh 55,000
Non Member Cost
Ksh 60,000
Event Type
Conference
Status
Open
Associate Member Discount
10000
Full Member Discount
5000
Non Member Discount
5000
Discount Date (yyyy-mm-dd)
2019-07-05

Venue

Sarova Whitesands Beach Resort & Spa Mombasa
Mombasa,
+ Google Map
Phone:
+254 727 531006
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.
Telephone Line (Main) : +254 719 074 000
Mobile: +254 719 074 000, (+254) 733 856262
Email: icpak@icpak.com

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