The Islamic finance industry faces the same fundamental challenges and risks as that of conventional finance, including whether or not clients can fulfil their repayment obligations and when. However, recovery under Islamic finance principles is a significantly more sensitive undertaking and Islamic banks have to be very careful about how they approach the recovery process. Given the lack of precedent in such cases, effective documentation and a clear understanding of Shariah principles and other regulations is essential. This intensive two-day program will provide delegates with a clear understanding of the key regulatory and Shariah issues surrounding the recovery of Islamic facilities as well as crucial legal, procedural and documentation issues to consider when defaults or problems occur. Real-life case studies will be used to examine important precedents and to develop delegates’ understandings of the application of these principles.
o Identify the common mistakes & pitfalls in legal documentation
o Recognize dispute resolution options in the case of Islamic financial products
o Evaluate Ibra, Tawidh & Gharamah concepts and its practical aspects
o Formulate restructuring and rescheduling methods for Islamic banking facilities
o Assess recovery, restructuring and rescheduling methods of Sukuk
o Analyze the enforceability of Shariah non-compliance contracts in Malaysia
This course is relevant to personnel in the relevant functions of:
o Retail, commercial and SME Islamic banking
o Credit administration & credit recovery
o Credit control & collections
o Accounts receivable
o Operations
o Compliance
o General counsel
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