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seminar logoISLAMIC BANKING, FINANCE & INVESTMENT
An Examination of Key Principles, Products and Applications
 

Download Conference Guide

About The Seminar

Omani regulators have guided Islamic finance to growth and sustainability through effective legislation such as the Islamic Finance Regulatory Framework, published in 2015 by the Central Bank of Oman, which covers all aspects of Islamic banking. The framework has been well received internationally and is considered among the most stringent to govern Shariah compliant financing. However, Islamic banks need to be more innovative in the products they offer, and provide solutions that are not available in the conventional banking arena. To that end, this one day seminar will help industry professionals to take Islamic banking, finance & investments to the next level by examining different products to cater the diverse needs of customers and also to look at key legal, documentation and Shariah non-compliance issues faced by Oman.

KEY LEARNING OUTCOMES

  • Recognize Islamic financing products
  • Recognize the Islamic deposit products and its functions
  • Examine the financial statements of an Islamic bank
  • Assess a financial product’s impact on a bank’s financial statements
  • Evaluate Islamic investment products
  • Explore key legal, documentation & Shariah non-compliance issues for Islamic banking in Oman

WHERE & WHEN

Date: 14th March 2018
Venue: Muscat, Oman

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt

Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Anna Rozana Ramli

Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22

How to register?

Kindly complete the registration form and email to [email protected] or fax +603 2162 7810

Fee

Early bird : US$ 473
Register before 26th January 2018
Standard : US$ 525 per delegate

In-house training

If you are looking for an in-house training program, kindly please send a Request for Proposal to [email protected]

About The Seminar

Shariah governance has much wider scope than corporate governance. Non-compliance to Shariah governance is not restricted to reputational and financial loss alone. Hence, regulators in Malaysia have always taken the lead role and made landmark changes in the legislation of Shariah governance and ensured Islamic financial services to become the world’s best. To that end, revisions have made as recent as November 2017 by Bank Negara Malaysia and the industry should be updated to meet regulators’ expectations.

This seminar is designed to achieve the above objective alongside to solve some of the day to day operational challenges encountered by compliance, Shariah audit, Shariah review, risk management, product development and Shariah advisory committee and research officers.

KEY LEARNING OUTCOMES

  • Explore the key considerations of the recent regulatory requirements published by BNM on November 2017
  • Overcome behavioural bias to build an effective Shariah compliance culture
  • Integrate Shariah governance across all functions of your organization
  • Identify and manage invalid contracts
  • Understand the information requirements on material Shariah non-compliance risks to meet regulator’s expectations
  • Recognize key success factors in managing Shariah non-compliance risks

Download Conference Guide

Seminar Agenda

09:00am – 11:00am

Session 1: Reminder of the Key Concepts of Islamic Banking
  • Islamic Banking today: In Oman and the GCC
  • Basic Shariah rules related to banking and finance
  • The structure of an Islamic bank
  • Examining Shariah standards and accounting standards
Understanding Financing Products in Islamic Banking
  • Principal products used by Islamic banks to provide financing, and the structure and application of each:
    • Murabahah
    • Ijarah
    • Musharakah
Understanding Deposit Products in Islamic Banks
  • Products used by Islamic banks to offer deposit accounts
  • Current accounts in an Islamic Bank
  • Mudarabah deposits
  • Calculation and methodology of profit distribution for
    Mudarabah deposits
  • Wakalah deposits

Dr Salah Almajthoob — Managing Director, Jeyad Advisory WLL

11:00am – 11:30am

Coffee

11.30am – 1.00pm

Session 2: Examining the Financial Statements of an Islamic Bank
  • AAOIFI Standards related to presentation and reporting
  • Balance sheet
  • Income Statement
  • Assessing a financial product’s impact on a bank’s financial statements

Dr Salah Almajthoob — Managing Director, Jeyad Advisory WLL

01:00pm – 02:00pm

Lunch

02.00pm – 03.30pm

Session 3: Islamic Investment Products
  • Islamic equities
  • Islamic equity funds
  • Sukuk and Islamic capital markets
  • Real estate funds and Real Estate Investment Trusts (REITs)
  • Private equity funds

Dr Salah Almajthoob — Managing Director, Jeyad Advisory WLL

03.30pm – 05.00pm

Session 4: Key Legal, Documentation & Shariah Noncompliance Issues for Islamic Banking in Oman

Legal and Shariah non-compliance issues arising in handling all the intricacies in the documents especially in the area of syndicated financing will be discussed in this session. Rather than taking a generic approach, this session is focused on the Omani experience to help participants manage their day to day operational challenges.

Noranuar Sajari — Head of Sharia Structuring, Bank Nizwa

Who Should Attend

    • Islamic bankers and management
    • Shariah department managers and officers
    • Shariah advisory committee and research officers
    • Shariah audit and review team members
    • Islamic fund managers & investment bankers
    • Compliance officers and in-house counsel
    • Risk managers
    • Product development officers
    • Operations managers
    • Consultants and advisors

SEMINAR SPEAKERS


Dr Salah Almajthoob 
Managing Director, Jeyad Advisory WLL

Dr Salah Almajthoob is an experienced banker with expertise in Islamic finance. His experience covers various aspects of banking, Islamic finance, investments, Sukuk (Islamic bonds), technology investments and business development. He has more than 15 years of experience in investments and banking. Before establishing Jeyad Advisory, Dr Salah was the managing director of special projects at Bank Alkhair, Bahrain where he was involved with the restructuring of the bank and the reassessment of its investment portfolio. Prior to that, he was COO of Tharawat Investment House and prior to this, he was at Kuwait Finance House, Bahrain.

Dr Salah is also an Islamic finance trainer who taught many courses at AAOIFI, the Bahrain Institute of Banking and Finance and other institutions. He is a certified Islamic professional accountant and holds a PhD in computer engineering from Virginia Tech in the US and an Executive MBA from the University of Bahrain.


Noranuar Sajari
Head of Shariah Structuring, Bank Nizwa

Noaranuar Sajari is the Head of Shariah Structuring at Bank Nizwa, Oman. He is managing the Sharia affairs of the Bank as assigned mainly to supervise and participate in Sharia Structuring & Advisory activities and severally or partially in post-transaction review and maintaining the Sharia authenticity of the Bank’s products and services. He also provides appropriate Sharia Training as well as supporting other Sharia functions within the Sharia Division. He is also an industry advisor to contribute to University Tunku Abdul Rahman’s academic and research activities. Previously he was the Head of Shariah at HSBC Amanah, UAE. He is the lead of Product Development Task Force where he has completed Corporate Ijara product program, Corporate Forward Ijara product program, Corporate Wakala Bel Istithmar product program to name a few.

Contact us

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt

Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Anna Rozana Ramli

Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22

For any inquiries contact us

Our team will be glad to answer any questions you may have about this seminar.

Contact Us

About Us

REDmoney Events designs, organizes and hosts industry-leading conferences, forums, roadshows and seminars focusing on the Islamic financial markets across a global, regional and national level.

+603 2162 7800
[email protected]

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