Date: 2nd June 2016
Venue: DoubleTree Hotel, Kuala Lumpur
Islamic Treasury Products
Date: 2nd June 2016
Venue: DoubleTree Hotel, Kuala Lumpur
Agenda
09:00 - 09:15 |
Introduction & welcome |
09:15 - 10:00 |
Setting the Scene: Overview of Islamic Treasury and Risk Management Products and Markets in Malaysia
- What products are currently available, what are they used for and by whom?
- The regulatory environment: Key regulations, and what can and cannot be done
- Issues and challenges: Shariah concerns, usage of treasury products
- Lessons from the conventional market: what has worked and what hasn’t, and how far should product replication be taken?
Panelist: |
Tuan Syed Alwi Mohd Sultan — Executive Vice President, Corporate Services, Bank Muamalat Malaysia |
|
10:00 - 11:00 |
Key Structuring and Developmental Issues for Islamic Foreign Exchange (Forex) Products
- Reminder on conventional Forex swaps & forwards structures
- Structuring issues for Islamic Forex forwards
- Structuring issues for Islamic Forex swaps and crosscurrency swaps
- Pricing and valuation issues for Islamic Forex products
- Identifying real-life challenges
- Overview of key Shariah and risk management issues
Panelist: |
Tuan Syed Alwi Mohd Sultan — Executive Vice President, Corporate Services, Bank Muamalat Malaysia |
|
11:00 - 11:30 |
Coffee & Networking |
11:30 - 12:30 |
Examining Important Shariah Principles and Issues for the Development of Islamic Treasury and Risk Management Products
- Key Fiqh issues in the development of Islamic treasury products, and Shariah principles governing risk management and foreign exchange
- Hedging (Tahawwut) versus speculating (Talaaub)
- Key concepts of Waad (promise) and Tawarruq (Commodity Murabahah)
- Shariah audit and control considerations for Islamic treasury
Panelist: |
Suzaizi Mohd Morshid — Head of Treasury, RHB Islamic Bank, Malaysia |
|
12:30 - 14:00 |
Luncheon |
14:00 - 15:00 |
Key Structuring and Developmental Issues for Islamic Profit Rate Swaps (IPRS)
- Reminder on conventional interest rate swap structures
- Examining important contracts for the development of IPRS – Waad and Murabahah
- Pricing and valuation issues for Islamic IPRS
- Identifying real-life challenges
- Overview of key Shariah and risk management issues
Panelist: |
Pavanjit Kaur — Head of Treasury Solutions, Global Markets, Hong Leong Islamic Bank |
|
15:00 - 16:15 |
Key Legal and Documentation Issues for Islamic Treasury Products in Malaysia
- Reminder on the legal and regulatory requirements that need to be considered when developing legal documents for Islamic Treasury products
- Practical issues and solutions in developing adequate legal documents for Islamic treasury products
- Marketing restrictions including on reverse inquiry; temporary licensing; marketing support and marketing materials
- Checks on customer’s capacity and capability; close-out and insolvency issues including ranking
- Hedging vs gambling and the position under Malaysian law
- Tax on documents
- Application of the key international and local master agreements
Panelist: |
Madzlan Hussain — Partner and Head, Islamic Financial Services Practice, Zaid Ibrahim & Co., Malaysia |
|
16:15 - 16:30 |
Question and Answer |
16:30 |
End of Seminar |