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Saudi Islamic capital market gaining momentum

IFN Saudi Arabia Forum is expected to be the most promising international congregation to share knowledge among industry experts and leaders

Published: Updated:

AlKhair Capital Saudi, the leading Saudi-based financial institution, has announced its sponsorship and participation in the IFN Forum 2014, in Saudi Arabia.

Running for the third time in 2014, the Saudi Arabia Forum is expected to attract a bigger turnout compared to previous years as the Kingdom’s Islamic capital market is gaining momentum supported by market fundamentals, and a prudent fiscal policy by the Saudi government where it has allocated a significant amount from its budget toward the development of infrastructure projects including education sector, healthcare, power and transportation, among others.

IFN Saudi Arabia Forum is expected to be the most promising international congregation to share knowledge among industry experts and leaders regarding the recent trends and developments of the Islamic capital market in Saudi Arabia, and will conduct some interactive sessions of different topics that would be beneficial to participants in this forum. . Moreover, IFN Saudi Arabia Forum will also discuss more about challenges of issuing sukuk within or from Saudi Arabia, and at the same time elaborate on recent concluded transactions including size, benchmarks, products, and structuring innovation. This is the summit where keynote speakers from various parts of the world will gather to share thoughts, opinions and challenges, therefore develop a perfect synergy in the Islamic capital market space.

The IFN Saudi Arabia Forum consistently attracts new players and well-established institutions looking to further gain a foothold in the growing market of Saudi Arabia. Changes within the Saudi Arabian mortgage market and other laws enabling for Islamic financing transactions are expected to further spur the progress of Islamic finance in Saudi Arabia. The Saudi market, which is supported by solid market fundamentals and high liquidity, is also one of the most active local-currency sukuk issuers in the world, commanding a healthy percentage of the global issuance market.

The opening panel will discuss Saudi Arabia’s progressing in the Islamic investment landscape, followed by a roundtable to discuss the dynamics of the real estate sector and how this sector continues to be a key driver for economies in the Middle East, Europe and other parts of the world and what trends are expected to unfold in Shariah-compliant financing to capitalize on and support this growth. Other topics like “Which real estate markets are expected to outperform and why?” will also be explored.

“The forum has been successful and has gained an increasing following in Saudi Arabia. With over 400 delegates participating in the earlier years, the 2014 edition is going to be one of the biggest Info Forum yet,” said Khalid Al Mulhim, CEO of AlKhair Capital Saudi.