Shariah Requirements and Arrangement
for Islamic Financial Products & Features
• Hibah, Wadiah, Qard & Rahn
• Wakalah & Kafalah
SIDC CPE - accredited: 10 CPE Points
Date: 31st July 2017 Venue: InterContinental, Kuala Lumpur

Agenda

9:00 – 11:15 Session 1: Shariah Requirements, Optional Practices and Arrangement for Hibah, Wadiah, Qard & Rahn
  • Identifying opportunities for banks to incorporate Hibah, Wadiah, Qard and Rahn structures and features
  • Examining and evaluating recent Shariah requirements for Hibah, Wadiah, Qard and Rahn
  • Discussing the arrangement of Hibah, Wadiah, Qard and Rahn structures and identifying key Shariah issues
  • Assessing the incorporation of Hibah, Wadiah, Qard and Rahn with each other as well as other contracts
  • Evaluating Shariah issues associated with dissolution and completion of Hibah, Wadiah, Qard and Rahn
  • Ensuring Shariah compliance throughout product development and facilitation
Associate Professor Dr Rusni Hassan —Deputy Dean IIUM Institute of Banking & Finance and member, Shariah Advisory Council, Bank Negara Malaysia
11:15 – 11:45 Coffee and Networking
11:45 – 1:00 Session 2: Shariah Requirements, Optional Practices and Arrangement for Wakalah & Kafalah
  • Identifying opportunities for banks to incorporate Istisnah and assessing its convertibility into Tawarruq structures
  • Examining and evaluating recent Shariah requirements for Istisnah
  • Discussing the arrangement of Istisnah and identifying key Shariah issues
  • Assessing the incorporation of Istisnah with other contracts
  • Evaluating Shariah issues associated with dissolution and completion of Istisnah
  • Ensuring Shariah compliance throughout product development and facilitation
Associate Professor Dr Aishath Muneeza — International Centre for Education in Islamic Finance
1:00 – 2:15 Luncheon
2:15 – 3:30 Session 2: Shariah Requirements, Optional Practices and Arrangement for Wakalah & Kafalah(continued)
Associate Professor Dr Aishath Muneeza — International Centre for Education in Islamic Finance
3:30 – 4.00 Coffee and Networking
4:00 – 5:00 Session 3: Addressing Shariah Audit Issues and Management for Hibah, Wadiah, Qard, Rahn, Wakalah & Kafalah
  • Identifying real-life Shariah audit hotspots in Islamic banking operations for the above products and features
  • Effectively undertaking steps towards Shariah risk management and mitigation
  • Incorporating Shariah compliance and Shariah non-compliance reporting
Wan Rizaidy Wan Sauf — Advisor, Capital Markets Unit, Monetary Authority of Brunei Darussalam
5.00 Networking