DOHA: An international conference on sukuk will kick start today at Four Seasons Hotel. The two-day conference which will conclude on May 2, is being organised by the International Islamic Centre for Reconciliation and Arbitration (IIRCA) under the official sponsorship of the Central Bank of Qatar (QCB), and with Qatar Islamic Bank acting as a strategic sponsor, a press statement said yesterday.
The conference will be held under the auspices and participation of H E Sheikh Abdullah bin Saoud Al Thani, the Governor of QCB. A number of leading legal and financial experts and Shariah scholars, as well as top executives, will be taking part in the event, which is entitled “Sukuk Instruments between Standardised Structuring and Secured Implementation”.
Through this conference, the IICRA is aiming to raise the profile of Islamic Banking in general and of sukuk industry in particular — along with discussing the latest thinking on issues facing all kinds of sukuk in all their processing stages: issuing, trading, property, termination and insurance.
The conference will feature sessions discussing the legal and jurisprudential framework of sukuk, the legal system for trading and issuing sukuk, practical realities, recent draft laws, supervision and control, and the settlement of disputes in sukuk industry.
The first day will consider the role of jurisprudential academies in forming a legitimate framework of sukuk instruments and also the role law firms play in structuring this legal framework. This will be followed by a session looking at practical aspects of sukuk issuance, including getting around legal obstacles between sukuk ownership and Shariah requirements.
The role of supervisory authorities will come under the spotlight on the second day, together with ratings agencies, and the settlement of disputes in the Sukuk industry. Finally the delegates will discuss aspects of specialised arbitration in the Islamic finance industry with a look at how the IICRA works in this regard.
The Peninsula
