Outside observers of Islamic finance have suggested that the industry appears structured to best suit interests of investors, intermediaries, regulators, consultants and advisors rather than the end user: the corporate or the issuer. Conjecture aside, what is certainly true is that a relatively higher level of product complexity, increased regulatory, legal, documentary and Shariah responsibilities means Islamic finance and Islamic financial products can expose corporates to a myriad of challenges.
HIGHLIGHTS
This one-day seminar will demystify Islamic finance and financial products and is aimed squarely at corporates. In particular:
Looking to cut through jargon and terminology and explain exactly what Islamic finance is and what it can potentially offer corporates
Addressing industry requirements, such as Shariah, and what exactly this means for issuers
Examining the size, scope and scale of the Islamic buy side, as well as important associated issues such as the composition and structure of Islamic market indices, from the viewpoint of investor relations
Assessing Islamic corporate banking financing and cash management solutions for today's corporate market
Discussing capital-raising and hedging and risk management options and shall compare Islamic financing solutions to their conventional counterparts, highlighting pros and cons of each
Agenda
09:15 - 10:30
Session One: Introduction to Islamic Finance for Corporates: Structures, Products, Applications and Regulation
Cutting through the Islamic finance terminology: what does Islamic finance really involve?
How does Islamic finance differ and compare to conventional finance from a corporate perspective?
What opportunities and options does Islamic finance offer corporates?
Shariah, regulatory and financial management: key issues, key stakeholders and managing each
The role of consultants in Islamic finance: what you need, what you don’t need and what questions you need to be asking
Speaker:
Tahir Ali Sheikh — Director and Head, Islamic Advisory, Regional Debt Capital Markets, CIMB Investment Bank
10:30 - 11:00
Coffee & Networking
11:00 - 12:00
Session Two: Effective Financial Management and Investor
Discussing the size, objectives, mandates and investment appetite of the Islamic investment and buy side sector
Interacting with investors: key terminology and investor relations issues
Understanding Shariah indices: structure, format and methodology. What are these benchmarks used for and why should my company be constituted in an index?
Is my company Shariah compliant? Screening methodology and important issues
Securities Commission Malaysia and Bursa Malaysia requirements and regulatory framework
Speaker:
Ariff Sultan — Regional Director, IdealRatings Asia
12:00 - 13:00
Session Three: Examining Islamic Capital-Raising Tools, Structures and Solutions for Corporates
An overview of the options available for capital-raising for corporates: Sukuk, Islamic syndications, private placements and equity offerings
Comparing and contrasting Sukuk with conventional bonds and equity-linked products for corporate issuers
Sukuk for corporate issuers: main structures, uses and applications
Analyzing key pricing, documentation, structuring, bookbuilding and distribution issues
Effectively identifying and managing risk for corporate Sukuk issuers and assessing ratings and credit enhancement issues
Discussing Islamic project finance and real estate structures for corporates
Speaker:
Raja Amir Shah Raja Azwa — Head of Islamic Financing, Debt Capital Markets, Global Capital Financing, HSBC Amanah
13:00 - 14:00
Luncheon
14:00 - 15:00
Session 4: Bursa Malaysia-i: The World’s First End-to-End Shariah Investing Platform – A Value Proposition for Corporate Fund Raising
Speaker:
Jamaluddin Nor Mohamad — Director, Islamic Capital Market Bursa Malaysia
15:00 - 16:00
Session Five: Examining Key Islamic Risk Management, Treasury and Hedging Tools for Corporate Treasury and Finance Teams
The Islamic finance view of risk and speculation and what it means for the development of financial risk management tools for corporates
What hedging products are currently available for the corporate market, what and how are they used?
Assessing the burgeoning Islamic swaps market: Forex and profit rate swaps — uses, applications and limitations for corporate treasuries
Discussing important documentation and regulatory issues
Speaker:
Pavanjit Kaur — Head of Treasury Solutions, Global Markets, Hong Leong Islamic Bank
