Ijlal Ahmed Alvi
International Islamic Finance Market (IIFM)
Investments - Fajr Capital
Capital Markets Authority, Lebanon
HSBC Bank A.S
Dr. Mazen Soueid
Mr. Alvi has over two decades of experience in the financial services industry, specifically in the areas of Capital & Money Market and Investment Banking.
He is Chief Executive of International Islamic Financial Market (IIFM) since 2005, where he has been instrumental in initiating standardization of Islamic Capital & Money Market’s Documentation, Products and related Processes. In order to enhance and bring unification in Islamic Finance and its legal system he has negotiated and successfully signed several Memorandums of Understanding (MOUs) with organizations such as IRTI-IDB, ISDA, ICMA, AIBIM etc.
Mr. Alvi manages a number of IIFM’s Global Working Groups focused towards developing unified Islamic Capital & Money Market documentation and product standards specifically on Islamic Hedging, Liquidity Management & Capital Market Instruments. He also manages IIFM workshops and specialized Capital & Money Market events.
Mr. Alvi is also involved in several working committees at international level such as the IFSI's 10 Year Framework and Islamic Financial Sector Development Working Group. Mr. Alvi is a regular contributor in the printed media where his contributions are focused on Islamic financial instruments, liquidity management, risk mitigation and innovation in Islamic Financial Services Industry as well as expert participation in events hosted by regulators such as Securities Commission Malaysia, Central Bank of Bahrain, Bank Indonesia, State Bank of Pakistan as well as other Islamic finance events such as WIBC, IFN Forum, Euromoney’s Islamic Summit etc.
Mr. Alvi has overseen the launch of the IFSI’s first global standardized documentation namely Murabaha and Agency documentation, ISDA/IIFM Tahawwut (Hedging) Master Agreement, Hedging Product Standards, Inter-Bank Unrestricted Investment Wakalah Standard etc,.
Mr. Alvi holds a Master’s in Finance from Golden Gate University, California, USA.
Mr. Zafar focuses on principal investments at Fajr Capital, and also serves on the Board of Directors of MENA Infrastructure.
He was previously Managing Director, Corporate Finance Advisory at Deloitte, Middle East. Prior to Deloitte, Mr. Zafar established the Qatari investment firm and government–related entity Al Rayan Investment, serving as CEO and Board Member. In a wide ranging international investment banking career, he has also held senior roles at leading institutions such as CIBC, Bank of America and HSBC in North America, Europe, the Middle East and Southeast Asia. He has particular depth in Islamic financial services (having set up Bank of America’s Islamic financial services unit in 1999 and assisted in Arcapita’s early development) and the oil, gas and mining industries. He has a Bachelor’s in Accounting and a BBA in Finance from the University of Texas, Austin. He is also a Certified Public Accountant.
Mr. Saliba is currently an Executive Board Member at the Capital Markets Authority of Lebanon, established by Government Decree in July 2012. Formerly, he served for around 20 years as Chief Financial Officer for 3 of the top 10 Lebanese banks where he was involved in initiating many issues of shares and debt instruments as well as investment funds, and managed mergers and acquisition transactions.
His experience includes hands-on Asset/Liability Management, Accounting systems and procedures, implementation of Basle 2 and 3 requirements, IAS and IFRS reforms and ICAAP related standards. He has extensive experience in implementing IT/Business Intelligence products throughout the institutions he worked for including Data Warehousing, Treasury Management Core systems and MIS reporting.
Previous to the above, he worked for The Arab Monetary Fund in Abu Dhabi as Division Chief in Investment Management. He started his career with Merrill Lynch International in New York and Dubai as Financial Advisor.
Mr. Horozoglu has recently joined HSBC Turkey as the Head of Global Capital Financing and Debt Finance. He has 14 years of experience in banking.
Prior to joining HSBC, he was Citigroup's Head of Corporate & Investment Banking for Saudi Arabia and Oman and previously he was Director of Citigroup's Global Islamic Banking, Syndications and Capital Markets business where he spent 6 years covering Middle East, Turkey, Africa, CIS and new markets; responsible for Islamic syndications, bonds and other structured financing transactions.
He closed the first Turkish Sukuk, the first Turkish sovereign Sukuk, the largest Islamic syndication in Turkey, the first Islamic aviation facility, the largest syndication in Middle East, the largest Sukuk globally, the first Islamic syndication in Russian Federation, the first Eurolira bond, the first Tier-II Sukuk and executed several other first-of-its kind and landmark capital market, syndication, project finance and quasi securitisation transactions. He originated and completed 100+ debt capital markets deals.
Dr. Mazen Soueid is the Chief Economist at BankMed. He was also Economic Advisor to the Lebanese Prime Minister Fuad Siniora, and from January 2010 onward, he has been advising PM Siniora in his capacity as head of the Future Parliamentary Block. Prior to joining BankMed, Dr. Soueid worked as an Economist at the International Monetary Fund, particularly in the Asian, Middle Eastern Departments as well as the Capital Markets Department. At the IMF he worked on a range of issues and countries like Venezuela, Korea, Mexico, and the Philippines. He had also worked in Deutsche Bank in London and New York covering the Middle East. He taught Finance and Economics at Brown University and the American University of Beirut. Dr. Soueid is the author of the best-selling book “The Lebanese Economic Project” which won an award for “Best Book on the Lebanese Economy” published in 2010 by Capital Issues.