CIMA Ireland half day CPD academy

Spring CPD academy 2011Monday 11 April 2011, Clarion Hotel, IFSC, Dublin

Islamic finance – the opportunities for Ireland

In collaboration with

The third annual Chartered Institute of Management Accountants (CIMA) CPD

academy is a half day event taking place on Monday 11 April 2011. The title

of this year’s CPD academy is ‘Islamic finance – the opportunities for Ireland’

and it will explore the domestic and global banking and corporate finance

opportunities in tandem with the Irish government’s positioning of the IFSC

as a Western hub for the provision of wholesale Islamic finance services.

Education will be of critical importance in the achievement of this objective

and CIMA is leading the way with the introduction of the Diploma in Islamic

Finance which will be launched in the Irish market at the CPD academy.

The CPD academy faculty will introduce world leading authorities on

Islamic finance and will include an overview from the Irish perspective.

The faculty will be led by Dr. Mohd Daud Bakar who is one of the world’s

top Shari‘ah finance scholars and is also president and CEO of the Amanie

Islamic Finance Learning Centre in Dubai. Senior business executives from

development agencies and banking supervision in Ireland; Barry O’Leary,

CEO, IDA Ireland and John Moran, Head of Wholesale Banking Supervision,

Central Bank of Ireland will also participate in the academy. They will be

joined by CIMA’s project manager for Islamic finance, John Willsdon.

Programme content

Evolution of wholesale capital markets, and emerging and future roles of Islamic finance on domestic and international markets

John Moran will speak on the evolution of wholesale capital markets and the emerging and future roles of Islamic finance on domestic and international markets.

The IFSC as the Western hub for Islamic finance – emerging and future opportunities Barry O’Leary will address the role and opportunities being developed by the IDA in establishing Ireland as a leading provider of Islamic financial services and in particular the initiatives that will underpin the IFSC as the Western hub for Islamic finance.

The importance of education in the development of Islamic finance in the context of wholesale corporate finance markets

The introduction of Islamic finance into the global financial market has raised a number

of issues which cannot be addressed by conventional business practices. Shari’ah-compliant financial instruments must be judged by religious scholars to be in accordance with the tenets of Islam. According to Dr Bakar, it is vital to identify methods of educating Islamic financing, accounting, auditing and legal professionals in the context of the Islamic financial market. He will discuss Malaysia’s role as the Islamic financial hub in the Asia Pacific region and how it is taking a progressive role in educating Islamic finance practitioners. The application of Shari‘ah principles governing Islamic financial transactions, in the context of financial reporting, will also be explored.

Islamic finance - context and contrast with conventional finance

John Willsdon will provide an overview of Islamic finance showing the context in which it has grown and explaining the differences in practice.

9.00am Registration, tea and coffee

9.30am Introduction with chairman, John

Willsdon, Project Manager for Islamic

finance, CIMA Centre for Excellence

9.45am John Moran, Head of Wholesale

Banking Supervision, Central Bank of

Ireland

10.30am Barry O’Leary, CEO, IDA Ireland

11.15am Coffee break

11.30am Dr. Mohd Daud Bakar, President and

CEO, Amanie Islamic Learning Finance

Center, Dubai

12.45pm Close with John Willsdon

1.00pm Light lunch and refreshments

Academy programme

About the faculty

Dr. Mohd Daud Bakar

President and CEO of the Amanie Islamic Finance Learning Centre in Dubai is regarded as one of the world’s top three Shari‘ah scholars and is the authority in Islamic legal theory and Islamic finance in Malaysia. He is also chairman of the Central Shari’ah Advisory Council of the Central Bank of Malaysia.

He received his first degree in Shari’ah from University of Kuwait in 1988 and obtained his PhD from University of St. Andrews, United Kingdom in 1993. In 2002, he completed his external Bachelor of Jurisprudence at University of Malaya, Malaysia. He has published a number of articles in various academic journals and books and presented many papers in various conferences both local and abroad.

Dr Mohd Daud is also a member of Shari’ah board of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) (Bahrain), International Islamic Financial Market (IIFM) (Bahrain), Dow Jones Islamic Market Index (New York), Oasis Asset Management (Cape Town, South Africa), Unicorn Investment Bank (Bahrain), Financial Guidance (USA), BNP Paribas (Bahrain), Morgan Stanley (Dubai), Jadwa-Russell Islamic Fund (Kingdom of Saudi Arabia), Bank of London and Middle East (London), Noor Islamic Bank (Dubai), Islamic Bank of Asia (Singapore) and in other financial institutions both local and abroad. Apart from that, Dr Mohd Daud is also actively advising in capital market product structuring such as Sukuks both local and abroad.

Barry O’LearyBarry is CEO of IDA Ireland which is leading the way in implementing government policy to establish Ireland as the European hub for Islamic finance. Barry O’Leary was appointed

chief executive designate of IDA Ireland in 2007

formally taking over the role on 1 January 2008.

He has been deeply involved in changing the

profile and raising the value of Ireland’s inward

investments over the past ten years. He has

been primarily responsible for the successful

establishment of Ireland as the leading global

location outside the US for biopharmaceuticals.

He has also undertaken strategic change and

built new strengths in research and development,

medical technologies, information and

communications technology and other areas.

In the financial services sector, he is closely

associated with winning major projects from

companies such as Bertelsmann, SAP, Deutsche

Bank, Lufthansa, Kostal, Allianz and a number

of key Italian financial services projects. He is a

board member of Forfas.

About the faculty (continued)

John Moran

John is head of wholesale banking supervision at

the Central Bank of Ireland. He was a founding

member of Zurich Bank/Zurich Capital Markets

Ireland where he worked from 1997 to 2005. He

was previously CEO and board member (Sydney,

London and New York) of Zurich Capital Markets.

He has also worked in Sullivan & Cromwell (New

York), GE Capital and McCann FitzGerald. He is

an associate member of the Institute of Taxation

of Ireland and a fellow of the Institute of Bankers

in Ireland. He was admitted as a solicitor by the

Law Society of Ireland and as an attorney after

completing the New York state bar exams.

John Willsdon

John is the CIMA project manager for Islamic

finance. John is a learning and development

specialist within CIMA’s Centre of Excellence.

Prior to this he was a senior lecturer with the

University of Abertay Dundee.

He received his first degree in accountancy and

finance from Heriot Watt University in 1978.

He qualified as a chartered accountant with the

Institute of Chartered Accountants of Scotland in

1981. He obtained a Masters in Entrepreneurship

in 1999. During his 20 years at the University

of Abertay, Mr Willsdon specialised in teaching

financial accounting, auditing, taxation and

entrepreneurship. He was also instrumental in

the development of a wide variety of courses

in his role of director of courses including the

project management of the development of

degrees in accounting, taxation and finance.

Mr Willsdon joined CIMA in 2006 whereupon

he undertook the role of project manager on

the creation of CIMA’s new Certificate in Islamic

Finance. In the subsequent four years he has

overseen the development and launch of the

certificate and the development of the Diploma

in Islamic Finance.

Alternatively, complete and return this form (or a photocopy) to:

Nicola Glynn

CIMA Ireland

45-47 Pembroke Road

Ballsbridge

Dublin 4

T. +353 (0)1 643 0402

F. +353 (0)1 684 9998

E. nicola.glynn@cimaglobal.com

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