Breakfast Buzz, hosted by DIFC FinTech Hive, creates a monthly forum that stimulates and encourages discussions on the latest FinTech trends and developments. If you want to be kept well-informed, enlightened and up-to-speed on what’s new in the world of financial technology, join us in hearing insights from industry leaders and share your views with members from our ecosystem.
The thirteenth edition of Breakfast Buzz, brought to you in partnership with the Dubai Islamic Economy Development Centre, will focus on innovations in the Sukuk industry, brought to you by Dr. Mohamed Damak, Global Head of Islamic Finance at S&P Global Ratings. Join us at the session to learn more about:
09:30 Welcome & Introduction - by Raja Al Mazrouei, EVP at FinTech Hive
09:35 Welcome address by HE. Abdulla Al Awar, CEO of DIEDC
09:45 Sukuks as a form of Islamic financial instrument - Dr. Mohamed Damak, Global Head of Islamic Finance at S&P
Dubai Islamic Economy Development Centre (DIEDC) was established in December 2013 to position Dubai as the global capital of Islamic economy, as envisioned by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and with the supervision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai.
DIEDC is currently implementing its 2017-2021 strategy that leverages a two-pronged approach. The first part focuses on further advancing the Islamic economic system with an emphasis on three key sectors – Islamic finance, halal products, and Islamic lifestyle encompassing culture, art, fashion, and family tourism. The strategy includes identifying new key performance indicators (KPIs) for monitoring the growth of these sectors and measuring their contribution to the national economy. Meanwhile, Islamic knowledge, Islamic standards, and digital Islamic economy serve as cornerstones that support the core sectors. The second component of the strategy involves consolidating Dubai’s status as a global reference for Islamic finance, industry, trading standards and culture, as well as a prime destination for halal trade and family tourism.
As part of its mandate, DIEDC is committed to building strategic partnerships with local and international organisations to establish a robust regulatory framework to sustainably govern the Islamic economy.
Mohamed Damak is a Senior Director within the Financial Services at S&P Global Ratings. He covers financial institutions in the Middle East and Africa region. Mohamed is also the Global Head of Islamic Finance within S&P Global Ratings, leading a global team of Islamic Finance analysts.
Before re-joining S&P Global Ratings, Mohamed worked as a Principal Credit Risk Officer for the African Development Bank in Tunis. From 2006 to 2010, Mohamed worked for S&P Global Ratings covering conventional and Islamic financial institutions in the Middle East and North Africa region.
Mohamed holds a PhD in Finance and Master in “Money, Banking and Finance” from University of Paris 2, Pantheon Assas and a Master degree in Financial Institutions Management from Ecole Supérieure de Commerce de Tunis.
We look forward to seeing you there!
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