Shariah Requirements and Arrangements for Islamic Financial Products & Features
• Tawarruq • Waad • Rahn
SIDC CPE - accredited: 10 CPE Points
Date: 18th January 2017 Venue: InterContinental Kuala Lumpur

Agenda

   
9:00 Welcome
9:15 – 10:30 Providing a Reminder on the Concept of Tawarruq and Examining Domestic & Shariah Resolutions on Tawarruq
  • Reminding ourselves of the structure, workings and uses of Tawarruq
  • Assessing the influence and ramifications of pronouncements made by each of the following organisations:
    • Shariah Advisory Council of Bank Negara Malaysia
    • Shariah Advisory Council of Securities Commission Malaysia
    • Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
    • OIC Fiqh Academy
Associate Professor Dr Rusni Hassan — Deputy Dean IIUM Institute of Banking & Finance and member, Shariah Advisory Council, Bank Negara Malaysia
10:30 – 11:00 Coffee
11:00 – 13:00 Shariah Requirements, Optional Practices and Arrangement for Tawarruq (part 1)
  • Identifying opportunities for banks to incorporate Tawarruq structures and features
  • Examining and evaluating recent Shariah requirements for Tawarruq
  • Discussing the arrangement of Tawarruq structures and identifying key Shariah issues
  • Assessing the incorporation of Tawarruq with other contracts
  • Evaluating Shariah issues associated with dissolution and completion of Tawarruq
  • Ensuring Shariah compliance throughout product development and facilitation
Mohd Johan Lee — Managing Partner, J Lee & Associates
13:00 – 14:00 Luncheon
14:00 – 14:35 Shariah Requirements, Optional Practices and Arrangement for Tawarruq (Part 2)
14:35 – 15:55 Shariah Requirements, Optional Practices and Arrangement for Wa’d
  • Unilateral and Bilateral Wa’d and Shariah requirements for both
  • Discussing the arrangement of Wa’d structures in various Islamic Banking’s product and salient features
  • Assessing the incorporation of Wa’d with other contracts and addressing some key Shariah issues
  • Dissolution and completion of Wa’d; evaluating Shariah issues and its implication
  • Ensuring Shariah compliance throughout product development
Mohd Faris Ghazali — Deputy Manager, Shariah Risk Management, Bank Islam Malaysia
15:55 – 16:15 Coffee Break
16:15 – 17:15 Shariah Requirements, Optional Practices and Arrangement for Rahn
  • Identifying opportunities for banks to incorporate Rahn structures and features
  • Examining and evaluating recent Shariah requirements for Rahn
  • Discussing the arrangement of Rahn structures and identifying key Shariah issues
  • Assessing the incorporation of Rahn with other contracts
  • Evaluating Shariah issues associated with dissolution and completion of Rahn
  • Ensuring Shariah compliance throughout product development and facilitation

Mohd Faris Ghazali — Deputy Manager, Shariah Risk Management, Bank Islam Malaysia
17:15 Coffee and Networking