Tuesday, 22 October, 2024
2 pm GST

Financing the future: Emerging climate finance trends in MEA and the role of technology in financing the green transition

In partnership with

Why attend

In the MEA region banks are increasingly embracing green finance. Green bonds are particularly appreciated in the region for several reasons. First, they align with global climate objectives, allowing banks to contribute to net-zero goals. Second, they provide opportunities for financing smart cities, renewable energy, and infrastructure projects. Notably, the UAE leads the regional green bond market, with record sales of $10.7 billion in 2023, signifying a 170% increase and dominating 45% of regional sales. It may be interesting to note that Green sukuk (also known as Islamic bonds), serve as a key financial instrument in Islamic green finance. These sukuk are used to fund projects related to clean energy, mass transit, water conservation, forestry, and low-carbon technology. Unlike conventional green bonds, green sukuk adhere to Sharia (Islamic law) principles, ensuring that their proceeds align with both environmental sustainability and Islamic finance standards.

The key take-aways

Can banks meet the additional management and reporting requirements for green bonds?

Treasury challenges and opportunities facing banks issuing or investing in green bonds.

The importance of green bonds in the MEA region, and why.

Why capital markets must address environmental challenges today.

The webinar panel

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Darren Stipe, Head of Funding | ASIAN INFRASTRUCTURE INVESTMENT BANK

Nabeel Latif, Director Treasury Middle East | STANDARD CHARTERED BANK

Diverse experience in Treasury, balance sheet management & risk management. In-depth knowledge of latest liquidity, capital and interest rate risk management tools & their applications. International exposure of working in Europe, Middle East, Africa & Pakistan. Possesses an insight about the changing global & local economic scenario and how it impacts the financial sector.

Khurram Waheed, Advisor to The Chairman | EURASIAN DEVELOPMENT BANK

A Responsible Invesment, professional with expertise in M&A , Project finance, private debt and equity raising in the GCC, select Asian & African markets with over 22 years of experience in investment banking, Financing & Advisory and private debt. A founding member of an alternative investment manager focusing on Real Estate investments in Europe & Asia. Managed and led every aspect of M&A/Investment Banking, and debt transactions including deal origination, investment or credit analysis, structuring and portfolio management. Also, an avid follower of Geo-Politics effects on Trade & Business.

Hanook Arshad, Head of Treasury | GHAZANFAR BANK

Certified Treasury Professional dedicated to developing strategies and management of financial assets and debt including overall leadership of cash management, debt management & investment management functions of the organization and its affiliated entities.

Diligent and result-oriented professional, ensuring the maintenance of corporate liquidity and financial stability. Develop and manage strategies, operations, policies, and budgets relating to treasury activities. Development and revision of financial policies for capital structure, working capital, treasury operations, foreign exchange interest rate risk management, insurance risk management, financial risk management, and corporate finance initiatives. Maintenance of internal controls designed to safeguard corporate assets and the integrity of systems.

Abhijit Duge, Global Head, Customer Success - Treasury, Capital Markets and Investments | FINASTRA

The financial industry is undergoing a profound transformation with ongoing digital disruption, competition from innovative fintechs, and increased regulatory oversight.

Financial markets play a crucial role in the global economy. I strongly believe in the transformative effect they have on how we live and work, starting from addressing the climate risk by financing greener projects (by directing capital away from fossil fuel-intensive industries) to improving settlement efficiency by adopting innovative technology use cases like digital assets and blockchain.

While witnessing first-hand such a fundamental shift in the markets over the last 20+ years, I have been closely engaged with financial institutions across the regions, consulting on the adoption of digital technologies, transitioning to an agile operating model, and selling solutions to help transform their treasury and risk divisions to:
- Increase revenues
- Optimize costs
- Improve operational efficiency
- Ensure Compliance
- Manage Risk proactively

I have held leadership roles across solution consulting, business development, sales, and software development with financial software vendors as well as a global bank.

Download the Webinar

This webinar is in partnership with

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.

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