Agenda

Day 1

Shariah aspects of Legal documentation 

• Islamic law of contract – essential elements
• Shariah rules regarding conditions to the contract
• Essential Shariah rules for sale – the base of all contracts
• Difference between different Shariah contracts
• Difference between conventional legal documentation and Islamic legal documentation
• Discussion on Aqad and collateral

Legal documentation for Murabahah  

• Structure of Murabahah documentation
• Bank Negara Malaysia’s Policy Document regarding Murabahah Legal Documentation
• Practice of Islamic banks – examples from the industry
• The structure and nature of the Ibra’ Tawidh and Gharammah clauses
• The structure, nature and enforcement of security documents  

Legal documentation for Tawarruq 

• Introduction to Tawarruq practise
• Bank Negara Malaysia’s Policy Document regarding Tawarruq Legal Documentation
• Bank Negara Malaysia’s Policy Document regarding Waad Legal Documentation
• Bank Negara Malaysia’s Policy Document regarding Wakalah Legal Documentation
• Case study – Execution process of Tawarruq legal documentation (Practical example from actual transactions executed in the industry)

Day 2

Legal documentation for Ijarah

• Bank Negara Malaysia’s Policy Document regarding Ijarah Legal Documentation
• Various types of Ijarah transactions and the risks involved
• Structuring Ijarah documentation – issues, mitigating risks and adhering to Shariah principles
  • Plain vanilla Ijarah
  • Master Ijarah structure
  • Ijarah - sale and lease back
  • Ijarah - hire purchase/financial lease
• Practice of Islamic banks – examples from the industry
• The structure, nature and enforcement of security documents
• Nature and applicability of purchase undertaking (Waad)

Legal documentation for Equity Financing Products and Diminishing Musharakah

• Bank Negara Malaysia’s Policy Document regarding Legal Documentation for Equity Products
• Documentation and issues for equity financing products
• Documentation and issues for Diminishing Musharakah
• Comparison of Diminishing Musharakah vs. sale contracts
• Various forms of Diminishing Musharakah transactions and documentation

Understanding Legal documentation for Sukuk Issues

• Understanding the legal and regulatory framework for Sukuk
• Types of Sukuk structures and legal documentation
• Shariah requirements relating to types of Sukuk structures
• Legal and Shariah issues arising from Sukuk structures and documentation
• Managing and mitigating Sukuk risk: understanding the key legal issues

Close of Program