1. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates The great debate- Islamic Finance v Conventional Finance The great debate- Islamic Finance v Conventional Finance Would Islamic Finance have averted the current economic crisis? Which particular principles of Islamic Finance would have protected the market? Would Islamic Finance have averted the current economic crisis? Which particular principles of Islamic Finance would have protected the market?

2. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Profit & Loss Sharing Please could you discuss the issue of Profit and Loss sharing and its significance in the financial markets? In particular customer expectations and the possible benefit of enhanced disclosure Should institutions bear the risk of loss in profit and loss sharing modes of Islamic Finance?

3. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Differing Opinions/ Contesting Fatwa’s Do you have any views on the issues relating to Sukuk and the issues raised last year and the potential use of Sukuk to stimulate investment activity? What assurances could you give to nervous investors in respect of the authenticity of Islamic products? How far could the rulings be standardised? Do you have any views on the issues relating to Sukuk and the issues raised last year and the potential use of Sukuk to stimulate investment activity? What assurances could you give to nervous investors in respect of the authenticity of Islamic products? How far could the rulings be standardised?

4. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Advising on the new opportunities in Islamic Finance What would your advice be to governments that are looking to introduce Islamic Finance as a way of rectifying the markets? What support would scholars like to see from regulators, lawyers, auditors? What would your advice be to governments that are looking to introduce Islamic Finance as a way of rectifying the markets? What support would scholars like to see from regulators, lawyers, auditors?

5. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Impact of globalisation upon Islamic Finance Do you have any concerns about the differences in the way Islamic Finance is being practiced in different countries? How could we bridge the differences in rulings and facilitate cross-border selling of financial products such as funds, for example a Malaysian fund being offered and distributed here in the Middle East Do you have any concerns about the differences in the way Islamic Finance is being practiced in different countries? How could we bridge the differences in rulings and facilitate cross-border selling of financial products such as funds, for example a Malaysian fund being offered and distributed here in the Middle East

6. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Open Questions Selection of questions from attendees

7. © 2008. Praesidium LLP. Level 8 Monarch Office Tower, Sheikh Zayed Road, PO Box 506676, Dubai, United Arab Emirates Closing Comments from the scholars What would your vision of Islamic Finance be for the future