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Conference Agenda
East Africa Islamic Economy Summit10 -11 April 2017
Crowne Plaza Hotel, Nairobi
w w w . e a i f s . c o m
Theme:Tapping into the Potential of the Islamic Economy for
the East Africa Market
2017 Host Partners
#HalalEconomy@eaifsJoin the conversation:
Strategic Partner
www.eaifs.com Do you wish to be a sponsor? Speak to Steven Owuor at: [email protected] or +254 720 45 99 892
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INDUSTRY OVERVIEWFollowing the success of the first East Africa Islamic Finance Summit (EAIFS) in February 2016, we are delighted to an-nounce the 2nd edition of the annual event. This year, the summit has been expanded to cover the entire scope of the Islamic Economy.
Globally, Islamic Economic Principles play a significant role to today’s Business Environment, with the size of the Islamic economy size reaching $2.3 trillion and the world population of Muslims reaching 1.6 billion. In Africa, there has been an increasing interest in other Islamic products like Family-friendly Tourism products and Halal Food.
The summit will explore opportunities that the Islamic Economy will offer the East African States with regards to their major infrastructural needs. Key sectors that the summit will focus on include;
• Islamic Finance & Banking• Family-Friendly Tourism• Halal Economy
Islamic Finance & BankingThe Islamic financial services industry in Africa is currently dominated by banking and sukuk agreements but growth po-tential remains in the asset management and Takaful sectors.
In countries such as Kenya, Ethiopia and South Africa the Islamic segment of the population is increasingly demanding Islamic financial products. The ambitious regional infrastructure projects that East Africa has embarked on will need to look at alternative financial sources. Sukuk lends itself well to East Africa’s infrastructure gap because of the requirement of cash flows.
Family Friendly TourismMuslim-friendly travel has evolved in recent years to become a fundamental market within the global travel sector. With the increasing availability of prayer facilities, halal restaurants and Islamic hospitality products, Muslim travelers are con-tinuously exploring new destinations.Halal travel in Africa offers significant growth potential for the tourism industry. Muslim tourists globally represent a major niche market—a market that has a young demographic, is growing in affluence, and is increasingly asserting its unique needs on the travel, tourism and hospitality market.
Tanzania, Zanzibar and South Africa are currently the most popular destinations, and are best equipped for the halal mar-ket, Kenya, one of Africa’s Tourism destination must tap into Halal Travel to boost its Tourism industry which has struggled to pick up in the last 5 years.Global Muslim spending on travel is expected to reach $238bn by 2019. Africa has a small share of the halal market, rep-resenting only 5% (Europe 51%), according to Dinar Standard research signaling room for growth. There has been a 40% increase in tours to Africa year on year.
www.eaifs.com Do you wish to be a sponsor? Speak to Steven Owuor at: [email protected] or +254 720 45 99 893
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Halal EconomySub-Saharan Africa regional spend on halal food was about $114bn in 2013 based on Thomson Reuters data. Emphasis has been mainly on halal meats and meat products, but over the past few years, the trend has been shifting to the intro-duction of halal franchises, prepared meals, canned, frozen and instant foods.
A great example for East Africa is South Africa which in spite of its small Muslim community, has emerged as one of the five largest producers of halal products worldwide largely due to its access to the rest of the Continent and the presence of highly advanced halal certification programmes (60% of all products in SA’s retailers are certified halal) worth approxi-mately ZAR1billion ($71.7m), according to MATRADE (Malaysia External Trade Development Corporation).
East Africa member states must explore opportunities to grow its Halal Food sector, given its growing Muslim Population and its shared cultural values where Halal food is not only consumed by the Muslim community but most people in the region.
EAST AFRICA ISLAMIC ECONOMY SUMMIT 2017EAIES 2017 provides a platform to assess growth trends, challenges and the potential of Islamic Economy and its devel-opment in East Africa. A place where leaders in Islamic Economy from the GCC, Asia, Europe and Africa meet with East African companies, financial institutions and professionals to forge business relationships and stimulate the economic growth of the region.The summit will provide a high-profile forum to focus on the opportunities and challenges that are shaping the Islamic banking, finance, and investment landscape in East Africa. Playing host to the industries most senior and distinguished representatives, the summit provides an unparalleled platform on which to network and debate the most pressing issues within Islamic Economy sectors.
Speakers and panelists will cover key areas including Regulatory Framework, Regional Infrastructure Projects and Oppor-tunities, Halal Economy, Islamic Tourism and hospitality products amongst other topics.
TOPICS TO BE DISCUSSED• Islamic Economy Market: A global overview with a focus on Africa.• The Sukuk : Is this an opportunity for the African markets to open doors Capital from GCC & Asian Investors?• Islamic Finance & Fintech. • Islamic banking OR Islamic Window? Which Strategy to follow for success?• Regulation framework and standards. AAOIFI vs IFRS.• An introduction to the Halal Market: challenges and opportunities. Halal Tourism, Food, Logistics, Cosmetics, Modest
fashion & Art & Design.• Halal Standards & Certification in Africa.
BENEFITS FOR SPONSORING• Position your organization as an innovator and leader in the Islamic Economy in the region• Raise the profile of your organization and its key personnel• Host your clients & prospects in an inspirational and enlightening environment• Develop senior contacts & enhance your credibility with key prospects• Participate in the development of the summit; contribute to the discussion of your sector’s top issues and opportunities
WHO ATTENDS?• Entrepreneurs (businessmen/importers/exporters)• International Business Leaders• Government Leaders & Heads of Government Ministries• Business Professionals• Shariah Scholars and Advisors• Lawyers & Legal Experts• Professor & Academicians• Owners of Islamic Business Enterprises• Senior Representatives of Multilateral Bodies • Asset Management and Private Equity Firms• Takaful and ReTakaful Companies• Financial Institutions • Food Manufacturers and Processors• Hotels, Travel Agencies, and Tourism Related Companies & Bodies• Leading International and Local Media
www.eaifs.com Do you wish to be a sponsor? Speak to Steven Owuor at: [email protected] or +254 720 45 99 894
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Timing Conference proceedings
Day ONE: Monday, 10th April 2017
17.00 -18.30 Speakers & Delegates Registration
19.00 - 21.00 Summit Opening Ceremony & Welcome Cocktail Reception
Day TWO: Tuesday, 11th April 2017
09.00 – 10.00
Welcome Address: Hon. Henry Rotich, Cabinet Secretary, National Treasury, Kenya
Opening Keynote Speeches:
• Global Overview of Islamic Economy• East Africa’s Outlook- Positioning the region in the Islamic Economy Landscape
10.00– 10.20 Morning Health Break
10.20 - 11.20
PANEL 1:Halal Economy: As an engine for East Africa’s Economic Growth.
Discussion points:• Halal Economy as a mechanism to diversify the region’s Economy• Challenges & Opportunities for investing in Halal Economy• Investing in Halal Infrastructure to tap in the sector• Halal Standards & Certification• How to develop East Africa’s Sharia Compliant Tourism products and services, exploring the
difference between Sharia Compliant and Muslim friendly hotels
11.20– 11.40Case Study:Zanzibar’s success in tapping into the Halal Tourism, lessons for East Africa
11.40 – 12.30Conversation with an Islamic Finance ScholarTopic: Debunking the Myth on Islamic Finance & Sharia Law
12.30 - 13.30 Networking Lunch
13.30 - 14.30
PANEL 2: Pragmatic Steps to improve the legal & Regulatory Environment for the region to fully embrace Islamic Economy.
Discussion points: • What are the current regulatory framework, laws and fiscal incentives• What are the challenges in the regulatory framework • What needs to be done by individual countries to overcome existing challenges• How can stakeholders support East Africa’s legal framework to enable Islamic • Finance/Economy development in East Africa.
SUMMIT AGENDA: EAST AFRICA ISLAMIC ECONOMY SUMMIT 2017
www.eaifs.com Do you wish to be a sponsor? Speak to Steven Owuor at: [email protected] or +254 720 45 99 895
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Timing Conference proceedings
14.30 – 14.50Interview: South Africa’s experience in developing Islamic Economy , Sukuk Issuance yet it has the lowest Mus-lim population in SSA – Lessons for East Africa
14.50 – 15.50
PANEL 3: The Sukuk, Infrastructure and Project Finance – An opportunity for EAC to tap into GCC and Sharia Compliant Investment
Discussion Points:
As East Africa seeks to address its infrastructure deficit, an abundance of opportunities exists for market players to fund transport and energy projects through sharia compliant project financing. This panel will cover the trends, structures and opportunities available.
• Infrastructure and project Sukuk in East Africa, what’s in the pipeline?• Legal , regulatory and market Challenges for Sukuk Issues in East Africa• What are the key consideration for Issuers• Credit Ratings are they necessary?• What can the region learn from other non Muslim countries that have had successful Sukuk
issuance UK & South Africa• Utilizing Islamic Infrastructure Financing in PPPs• Is Kenya’s dream for a Sukuk Issue Valid?
15.50 – 16 .10 Afternoon Health Break
16.10 – 17.10
Panel 4:Retail Roundtable - Developing a sustainable and dynamic Islamic Retail Banking, wealth Manage-ment & Microfinance Market.
Discussion Points:• How are the EAC Banking institutions developing their domestic markets• What opportunities if any exist for International Islamic Banks in East Africa• Challenges in developing a solid and sound Islamic Banking arm in East Africa• How can EAC banking and Financial Institutions embrace Innovation & Technology• Can Islamic Finance /Banking serve East Africa’s unbanked population• What can Islamic Finance offer the wealth management sector?
17.10 – 18.10
PANEL 5:
Strategy for Takaful penetration in Africa.
Discussion Points:• Can Islamic Insurance play an accelerating role in the financial inclusion of the region’s grow-
ing middle class as well as tap into the unbanked population• An overview of challenges ; Regulatory or otherwise in the Takaful Sector• Opportunities for Investment in Takaful & Retakaful
18.10 - 18.30 Closing Address – Charting the way forward for the development of Islamic Finance in East Africa
19.00 – 22.00 Closing Gala Dinner
SUMMIT AGENDA: EAST AFRICA ISLAMIC ECONOMY SUMMIT 2017 (Contd’)
Disclaimer:GBS Africa reserves the right to amend the programme and is not responsible for cancellations due to unforeseen circumstances. GBS Africa accepts no responsibility for statements made orally or in written material distributed by any of its speakers at its conferences.
CONTACT DETAILS
For Programme & Speaking OpportunityAgnes Gitau
Summit DirectorEmail: [email protected]
Phone: +44 203 808 7127
For sponsorship & Exhibition inquiriesSteven Owuor
Projects ManagerEmail: [email protected]
Phone: +254 720 459 989
To register for the ConferenceEmail: [email protected]
All other inquiriesEmail: [email protected]
Office LocationGBS Africa
86-90 Paul StreetLondon
EC2A 4NE+44 203 808 7127
SUMMIT VENUE
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