Focus session Invitation: Basel III:Panacea or punishment for Islamic banks?
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Islamic Finance Gateway Focus session Invitation Join us in this week’s focus session with Mohammed Damak, Director at Standard & Poor's, to discuss BASEL III: PANACEA OR PUNISHMENT FOR ISLAMIC BANKS? Date: Tuesday - 16th of September, 2014 Time: 1:00 pm Mecca time (GMT +3) Live Twitter Coverage: @ifgateway Credit ratings agency Standard & Poor’s recently released a report saying that Basel III requirements are an opportunity for the Islamic finance industry to address and strengthen its long-standing weaknesses, particularly the lack of high quality liquid assets (HQLA). Are the new requirements a panacea or undeserved punishment for Islamic banks? How will they make the Islamic finance industry ‘stronger’ and ‘more resilient’, as S&P says t hey will? Pit your questions to S&P analyst Mohamed Damak in our Focus Session. Initial key points to get the discussion going: What are the HQLAs already in the market and what other types do we need? What is the cost effect of the Liquidity Coverage Ratio relative to competition for stable deposits? What are the sharia issues vis-à-vis investor protection in Basel III-eligible Tier 1 sukuk? What are the challenges to using the murabaha structure for Basel III Tier 2 sukuk? Kindly RSVP to [email protected] to forward you the session’s login details. About Mr. Mohammed Damak Mohamed Damak is a Director within the Financial Services Research team at Standard & Poor’s Rating Services. He covers financial institutions and insurance companies in Central Eastern Europe, the Middle East and Africa region. Mohamed is also the Global Head of Islamic Finance within Standard & Poor’s, leading a global team of Islamic Finance analysts. Before re-joining Standard & Poor’s, Mohamed worked as a Principal Credit Risk Officer for the African Development Bank in Tunis. From 2006 to 2010, Mohamed worked for Standard & Poor’s covering conventional and Islamic financial institutions in the Middle East and North Africa region. Kind Regards, IFG Community Team
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Join us in this week’s focus session with Mohammed Damak, Director at Standard & Poor's, to discuss BASEL III: PANACEA OR PUNISHMENT FOR ISLAMIC BANKS? Date: Tuesday - 16th of September, 2014 Time: 1:00 pm Mecca time (GMT +3) Live Twitter Coverage: @ifgateway Speaker: Mohammed Damak, Director at Standard & Poor's Kindly RSVP to [email protected] with your name, company name and position along with your contact details, to forward you the session’s login details.
Transcript of Focus session Invitation: Basel III:Panacea or punishment for Islamic banks?
Islamic Finance Gateway Focus session Invitation
Join us in this week’s focus session with Mohammed Damak, Director at Standard & Poor's,
to discuss BASEL III: PANACEA OR PUNISHMENT FOR ISLAMIC BANKS?
Date: Tuesday - 16th of September, 2014
Time: 1:00 pm Mecca time (GMT +3)
Live Twitter Coverage: @ifgateway
Credit ratings agency Standard & Poor’s recently released a report saying that Basel III requirements are an opportunity for the Islamic finance industry to address and strengthen its long-standing weaknesses, particularly the lack of high quality liquid assets (HQLA).
Are the new requirements a panacea or undeserved punishment for Islamic banks? How will they make the Islamic finance industry ‘stronger’ and ‘more resilient’, as S&P says they will? Pit your questions to S&P analyst Mohamed Damak in our Focus Session.
Initial key points to get the discussion going:
What are the HQLAs already in the market and what other types do we need?
What is the cost effect of the Liquidity Coverage Ratio relative to competition for stable deposits?
What are the sharia issues vis-à-vis investor protection in Basel III-eligible Tier 1 sukuk?
What are the challenges to using the murabaha structure for Basel III Tier 2 sukuk?
Kindly RSVP to [email protected] to forward you the session’s login details.
About Mr. Mohammed Damak
Mohamed Damak is a Director within the Financial Services Research team at Standard & Poor’s Rating Services. He covers financial institutions and insurance companies in Central Eastern Europe, the Middle East and Africa region. Mohamed is also the Global Head of Islamic Finance within Standard & Poor’s, leading a global team of Islamic Finance analysts.
Before re-joining Standard & Poor’s, Mohamed worked as a Principal Credit Risk Officer for the African Development Bank in Tunis. From 2006 to 2010, Mohamed worked for Standard & Poor’s covering conventional and Islamic financial institutions in the Middle East and North Africa region. Kind Regards, IFG Community Team
