8:30 – 9:30 AM Welcoming Guest & Registration 

9:30 – 10:00 AM Opening Ceremony 

• Recitation of Verses from the Holy Quran 

• UAE National Anthem 

• Welcome Remarks by: 

- H.E. Prof. Jassim Ali Alshamsi, Chairman of the Board of Trustees at the International Islamic Centre for Reconciliation and Arbitration. 

- H.E. Abdulla Bin Touq Al Marri, Honorary Sponsor of the Conference, Ministry of Economy

- H.E. Essa Kazim, Governor of Dubai International Financial Centre (DIFC). 

- H.E. Dr. Mohammed Mahmoud Al Kamali, General Director of the Institute of Training and Judicial Studies in Abu Dhabi. 

- H.E. Sheikh Ebrahim bin Al Khalifa Al Khalifa, Chairman of the AAOIFI Board of Trustees (Guest of Honor). 

- Presentation: H.E. Dr. Rami Sulaiman, Secretary General at International Islamic Centre for Reconciliation and Arbitration (IICRA).

10:00 – 10:15 AM Break

First Session

10:15 – 11:15 AM 

Session I: The Most Prominent Features & Outcomes of Federal Decree Law No. 50 of 2012 AD on Commercial Transactions, and Its Aspired Role Towards Supporting the Islamic Economy.

Main Topics

• A comprehensive reading of the provisions and outputs of Commercial Transactions Law No. 50 of 2022. 

• The exceptional efforts of the UAE legislator in codifying the jurisprudence of Islamic financial transactions. 

• The specifics of the Islamic Banks’ activities under the law, and the role assigned to the Central Bank of the UAE. 

Chairman H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy. 

Speakers

- H.E. Counsel Hassan Al-Kilani, Legal Adviser at the Ministry of Economy 

- H.E. Justice Omar Al Mheiri, Director of the Dubai International Financial Centre (DIFC). 

- H.E. Counsel Mohamed Ali Ghanem, Legal Adviser at the Central Bank of the UAE

11:00-11:15 AM Discussion 

11:15-11:30 AM Break

Second Session

11:30 AM - 12:30 PM 

Session II: Importance of Commercial Transactions Law No. 50 of 2022 and Its Impact Upon Various Areas

Main Topics

• Impact of the law on jurisprudence 

• Importance of Commercial Transactions Law No. 50 of 2022 from Economic, Professional, and Academic Perspectives. • Arbitration as a mechanism for Settling Islamic Financial Disputes Under the New Law: International Islamic Centre for Reconciliation and Arbitration as a Model.

Chairman - H.E. Dr. Mohammed Mahmoud al Kamali, General Director of the Institute of Training and Judicial Studies in Abu Dhabi 

Speaker:

- H.E. Dr. Rami Sulaiman, Secretary General at International Islamic Centre for Reconciliation and Arbitration (IICRA).

12:15-12:30 PM Discussion 

12:30-14:00 PM Zuhr Prayer & Lunch

Third Session

14:00 – 15:00 PM 

Session III: Adapting the UAE Legislator for Istisna’a, Salam and Ijarah

Main Topics

• Istisna'a and Parallel Istisna'a under the choice and acquittal condition of manufacturing defects 

• Rules for Salam Contracts and Its Current Practice. 

• Ijarah & Ijarah Muntahiyah Bittamleek (Leasing Ending with Ownership) and Linking Them to the Financial Leasing Law. 

Chairman - H.E. Sheikh Dr. Ahmed Bin Abdulaziz Al Haddad, Chairman of the Higher Shari'ah Authority at the Central Bank of the UAE. 

Speakers:

- H.E. Dr. Osaid Kilani, Global Head of Internal Shari'ah Control, ADIB, Member of the Supreme Shari'ah Board for Islamic Banking Financial Activities at the UAE Central Bank. 

- H.E. Dr. Osama Ishaq, Head of the Legal Department at Dubai Islamic Bank (DIB). 

- H.E. Dr. Salem Al Ali, Assistant Professor, Department of Shari’ah and Islamic Studies, UAE University.

14:45 -15:00 PM Discussion 

15:00 – 15:15 PM Break

Fourth Session

15:15 – 16:15 PM 

Session IV: Contractual Promise, Installment Sale and Murabaha in the Eyes of UAE Legislator

Main Topics

• Binding Nature of Contractual Promise and Compensation Evaluation Mechanism in Case of Negligence. 

• Installment Financing, Ownership Transfer Controls and Price Termination 

• Ownership and Possession in Murabaha for Purchase Order and Controls for Price Determination and Payment Mechanism 

Chairman - H.E. Prof. Jassim Ali Alshamsi, Chairman of the Board of Trustees at the International Islamic Centre for Reconciliation and Arbitration. 

Speaker:

H.E. Mr. Moosa Tariq Khoory, CEO of Shari’ah Professionals Association (Proposed).

16:00 – 16:15 PM Discussion 

16:15 – 16:30 PM Recommendations & Closing Remarks

First Workshop 9:00 AM – 12:00 PM First Workshop: Arbitration as a Mechanism for Settling Islamic Financial Disputes

Main Topics 

• Introduction to Commercial Arbitration 

• Main Arbitral Proceedings 

• Claims, Defenses and Evidence in Arbitration 

• Final Arbitral Award and Its Nullity 

Instructor - H.E Dr. Rami Sulaiman, Secretary General at International Islamic Centre for Reconciliation and Arbitration (IICRA). 

12:00 – 14:40 PM Juma Prayer & Lunch

Second Workshop 14:00 – 17:00 PM Second Workshop: Arbitration as a Mechanism for Settling Islamic Financial Disputes

Main Topics 

• Retail Banking Products 

• Corporate Banking Products 

• Islamic Banking Services 

• Sukuk 

Instructor H.E. Mr. Abdul Rahim Adi, Shari’ah Consultations, R&D at Emirates Islamic Bank