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The Role of Sukuk (Islamic Bonds) in Development Seminar

Sponsor: Financial and Private Sector Development Network


 September 25, 2011, 9 a.m. - 1 p.m.


 The World Bank Headquarters, J B1-080 
IFSB, IMF, HSBC, ABG, Fajr Capital, WBG


 World Bank-IMF Annual Meetings attendees

Watch the event's recording

As part of the 2011 World Bank-IMF Annual Meetings, the World Bank organized a Seminar entitled, The Role of Sukuk (Islamic Bonds) in Development. The Seminar brought together policy-makers, standard-setters, market practitioners, and the World Bank and IMF senior officials to discuss how best to unlock the potential of sukuk markets in support of growth and development.

In recent years, the Islamic finance industry has grown rapidly, at more than 15% per annum. Despite its remarkable growth, Islamic finance is still largely concentrated in the banking business. In many countries with a significant Islamic finance industry, markets for Islamic bonds (Sukuk) are still relatively small and underdeveloped. Well-developed Sukuk markets would help enhance access to financial services, deepen capital markets and create alternative investment instruments for Islamic populations.

Key questions addressed:

  • What are the potential benefits of Sukuk markets? How can these markets contribute to growth and
  development in Muslim countries?
   • What are the main policy and institutional requirements for the development of Sukuk markets?
   • What needs to be done to unlock the potential of the market?
   • What are the practical issues relating to the structuring of Sukuk issues?

Mr. YousifMr. Mohieldin  and Mr. UyanikpanelMr. Devan, Mr. Iqbal, Mr. BelatikMr. Shabsigh

The Global Sukuk Market: Overview and Growth Potential
Mr. Iqbal Ahmed Khan, CEO, Fajr Capital  

Development of Sukuk Markets: Practitioner’s Perspective
Mr. Adnan Ahmed Yousif, President and CEO, Albaraka Banking Group, Bahrain
Developing The Government Sukuk Market
Dr. Ghiath Shabsigh, Assistant Director, Monetary and Capital Markets Department, International Monetary Fund
Mr. BelatikMr. IqbalMr. AlawodeMr. KhanMr. SiddiquiMr. Marzban

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