CMA, World Bank’s Sukuk Conference to discuss challenges

The Sukuk (Islamic instruments) Conference, organized by the Capital Market Authority (CMA) in collaboration with the World Bank, titled "Sukuk market — Challenges and opportunities," will discuss the role of the debt markets in supporting economic growth. This conference will be held next Tuesday in Riyadh.
The conference aims to discuss the challenges facing the Kingdom’s sukuk markets in particular and in the GCC states in general as well as the mechanisms and ways to develop capital markets in the region, and to reflect the development of debt markets so that they are able to provide the necessary finance to both the public and private sectors.
The conference will also discuss the incentives of demand for Islamic debt instruments and the most prominent international experiences and practices.
The conference, through its five sessions, will have presentations by government officials and representatives from the World Bank as well as the private sector, economists and financial partners in the financial market. 
The first session of the conference titled, "The ingredients of sukuk markets," will discuss linking the sukuk market with economic development in the long term, the sukuk market’s contribution in providing the required funding in the Gulf region, the development of the primary and secondary instrument markets, and Islamic financial markets in organized exchanges compared to trading outside the platform.
The second session, titled "Dynamics of sukuk market," will deal with methods to develop new products that strengthen Islamic funding on the long term, the behavior of institutional investors in Islamic finance, the degree of risk-taking for investors in Islamic finance, and incentives that can be utilized to attract institutional investors over the long run.
During the third session, titled "How to create effective environment for sukuk market," speakers, will deal with major challenges in the issuance of sukuk infrastructure, infrastructure instruments, the role of sukuk in development projects, and legal aspects of sukuk.

Source: Arab News