(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:
- 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.
- 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.
- 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/Gulf Bank
- 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.
