On 9 November 2022, the day before the IFPA Forum in Dubai, the IOFS Subsidiary - IFPA conducted a Round table discussion on agri-food investment opportunities through Islamic finance, led by H.E. Prof. Yerlan A. Baidaulet, DG IOFS and Chairman of IFPA. The round table discussion was held at the Dubai Economy and Tourism Department.
The main topic of discussion at the Round table was the opportunities that IFPA members, particularly those from Central Asia, have in terms of attracting Islamic financial resources and investment, their access to the Central Asia region, the main mechanism of operation, contracts used in the agri-food sector, and other issues. The round table began with a keynote address by H.E. Prof. Yerlan A. Baidaulet, who has extensive Islamic finance experience and issued several editions on this subject, was followed by a brief presentation on Islamic Economy Overview by Dr. Mohamed Ali, a Senior Partner of UAE DinarStandard. Mr. Sohail Al Zubairi, Adviser to DET of Dubai, an expert on Islamic finance and Shariah compliance in the banking sector, spoke widely about Islamic finance tools in the agri-food sector.
The delegation of its members, primarily from Central Asia, was brought to the round table by IFPA. The delegation was represented by Ms. Gulsum Kenenbayeva Head of International Memberships, IFPA, Mr. Konstantin Nevzorov, President of Oil and Fat Union of Kazakhstan, Ms. Aizhan A. Nauryzgaliyeva, President of Sugar & Food Processing Association, Mr. Raif Safin, CEO Amar Holding Group, Almat Berdenov, Director of Optograd Kazakhstan, Mr. Mohib Ahmet Khan, DG of ATYAB Services in Oman, Shareholders of Faravon Group of Companies and others. All participants were engaged in the discussion, IFPA members raised questions, and speakers provided valuable recommendations and solutions.