Speaker: Stella Cox, Managing Director, DDCAP Limited,
Date : 15th September 2010
Time : 6.15pm
Venue: British Bankers' Association, Pinners Hall, 105 - 108 Old Broad Street, London EC2N 1EX (This building is near Liverpool Street, Bank and Moorgate Underground Station)
About the Lecture:
The negative connotations of excessive risk taking are attached to derivatives, but these products were
originally developed to provide low-cost protection, or hedging, against unwanted market trends. Looking at
the continuing trend of high growth, a challenge for the Islamic finance industry in the post crisis world is to
further probe Shari’ah-compliant derivatives for risk-mitigating strategies. Mrs Stella Cox will discuss the issues faced by Islamic financial institutions in their market risk management function. She will also look into the latest developments which have taken place in the industry and how Islamic derivatives instruments may facilitate effective market risk management.
Market risk is faced by all financial institutions, be they Islamic or conventional. However, conventional financial institutions have a broad spectrum of risk management tools such as an array of derivative instruments. There are organised markets for forward, futures, swaps and options. Although Shari’ah-compliant versions of these
instruments do exist in some cases, the liquidity associated with these markets is considerably reduced compared with the conventional alternative
About the Speaker:
Stella Cox is Managing Director of DDCAP and its subsidiaries DD&Co Limited and DDGI Limited. Stella and her team are responsible for DDCAP’s Islamic and Middle Eastern clients and market activities. DDCAP’s wholly owned subsidiary, DD&Co, is a leading provider of asset facilitation services to the Islamic wholesale markets.
Stella is a Fellow of the Institute of Islamic Banking and Insurance in the UK and has served on its Board of
Governors within the Islamic Banking Group. Stella has been a member of the Working Group established by the Central Bank of Bahrain with the purpose of developing procedures and documentation for Islamic commodity trading. She has also assisted the DIFC Islamic Advisory Committee with its work on selected strategic development initiatives. She represents DDCAP on the Market and Product Development Committee (MPDC) of the International Islamic Financial Market. Stella is a Member of the Islamic Financial Services Board Task Force as well as the member of the HM Treasury Islamic Finance Experts Group, serving on the market Standardisation sub-group.
Email. farida.r@islamic-banking.com T. +44 (0)20 7245 0404
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