This 1-day course provides an in-depth analysis of financial and non-financial risks which impact Sukuk. KEY HIGHLIGHTS Date: 11th April 2018 For enquiries please contact:
Bejtullah Ferizi For sponsorship opportunities:
Geraldine Chan For speaking opportunities: For marketing and media enquiries This 1-day course provides an in-depth analysis of financial and non-financial risks which impact Sukuk. KEY HIGHLIGHTS Session One: Sukuk instruments Overview of Sukuk Risks arising in Sukuk instruments Session Two: Credit Risk of Sukuk Overview of Sukuk Example 1: Session Three: Market Risk of Sukuk Overview of Sukuk Example 2: Session Four: Liquidity and Other Risks in Sukuk Overview of Sukuk Dr Ken Baldwin Dr. Ken has worked as a practitioner in banking and finance for over 25 years in senior quantitative finance and risk management positions. Having graduated from Oxford University with a first-class honors degree in Physics, he qualified as a Chartered Accountant before joining UBS, and then later Credit Suisse, in derivatives risk and control functions based in London. He gained a PhD in the microeconomic theory of risk sharing in Islamic contracts, and worked in the GCC for 15 years in Islamic retail and Islamic investment banks. Dr. Ken built an ALM analytic technology platform for Abu Dhabi Islamic Bank, was MENA Regional Head of Quantitative Analysis for Citigroup, and has worked in quantitative risk management roles for both conventional and Islamic private equity and venture capital institutions. He most recently set up the Islamic Development Bank’s Financial Policies and Planning function, which provides risk and pricing analytic support at product and balance sheet levels. Dr. Ken is currently a senior university lecturer in finance in the UK, has published quantitative finance articles in peer-reviewed academic journals including the Journal of Risk, and taught CFA and FRM in his earlier career. Dr. Ken Baldwin has worked as a practitioner in banking and finance for over 25 years in senior positions spanning the front and middle offices. Having graduated from Oxford University with a first-class honors degree in Physics in 1989, he qualified as a Chartered Accountant with PWC, before joining UBS, and then later Credit Suisse, in derivatives risk and control functions based in London. For enquiries please contact:
Bejtullah Ferizi For sponsorship opportunities:
Geraldine Chan For speaking opportunities: For marketing and media enquiries Our team will be glad to answer any questions you may have about this seminar.
Sukuk Risk
SIDC CPE - accredited: 10 CPE Points
About The Seminar
The course comes at an opportune time. In June, 2017, Abu Dhabi-listed company, Dana Gas, announced it would stop payments on its Sukuk on the grounds of Shari’a impermissibility. It proposed that creditors instead exchange the Sukuk for new Islamic instruments with a far lower profit rate. This announcement dealt a devastating blow to the Sukuk industry, and highlighted the risky nature of investing in financial instruments sold into a less mature global capital market which continues to undergo significant development as it evolves.
This course on Sukuk risk starts by briefly explaining the different structures of Sukuk instruments used for funding and investment purposes in order to identify how these structures create risk. It then moves on to analyse the most important risks in depth, and provide practical insights into how to manage them. These risks includeWHERE & WHEN
Venue: KUALA LUMPUR
Hatem Almasri
Account Manager, REDmoney Seminars
Hatem.Almasri@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 31
Account Manager, REDmoney Seminars
Bejtullah.Ferizi@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 44
Ramesh Kalimuthu
Events Sales Director
Ramesh.Kalimuthu@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810
Deputy Publisher & Director
Geraldine.Chan@REDmoneygroup.com
Direct Line: +971 4 427 3628
Suhail Sinnalebbe
Senior Events Producer
Suhail.Sinnalebbe@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 43
Andrew Tebbutt
Managing Director
Andrew.Tebbutt@REDmoneygroup.com
Direct Line: +603 2162 7802
Andy Law
Marketing Manager
Andy.Law@redmoneygroup.com
Direct Line: +603 2162 7800 ext 22
Clement Anthony
Marketing Executive
Clement.Anthony@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 62
Standard: RM1,999
Register before 9th March 2018
Standard: RM1,999
Register before 9th March 2018
About The Seminar
The course comes at an opportune time. In June, 2017, Abu Dhabi-listed company, Dana Gas, announced it would stop payments on its Sukuk on the grounds of Shari’a impermissibility. It proposed that creditors instead exchange the Sukuk for new Islamic instruments with a far lower profit rate. This announcement dealt a devastating blow to the Sukuk industry, and highlighted the risky nature of investing in financial instruments sold into a less mature global capital market which continues to undergo significant development as it evolves.
This course on Sukuk risk starts by briefly explaining the different structures of Sukuk instruments used for funding and investment purposes in order to identify how these structures create risk. It then moves on to analyse the most important risks in depth, and provide practical insights into how to manage them. These risks include
Seminar Agenda
Pricing credit risk in a Sukuk Al-Ijarah with real estate underlying and a repurchase undertaking
How to apply Value-at-risk (VaR) to determine the price risk of commodity murabaha Sukuk with security deposit
SEMINAR SPEAKER
Former Director Financial Policies & Planning, Islamic Development Bank
SEMINAR SPEAKERS
He gained a PhD in the microeconomic theory of risk sharing in Islamic contracts, and worked in the GCC for 15 years in Islamic retail and Islamic investment banks. Whilst at Abu Dhabi Islamic Bank, Dr. Ken built an ALM analytic technology platform capable of capturing liquidity and interest rate risks inherent in the many varied Islamic financing products used at retail and corporate levels. He then moved to take up the position of MENA Regional Head of Quantitative Analysis for Citigroup. At Citicorp, Dr. Ken worked on structuring complex products used by Gulf-regional corporations to hedge FX and interest risks. Still residing in Bahrain, Dr. Ken then joined Investcorp, where he worked on the risk due diligence of corporate private equity and real estate private equity transactions and portfolio management. After leaving Investcorp, he set up the risk management department for venture capital bank, providing Basel III compliance and deal analysis for the bank. He then operationalized a new Islamic investment bank as its Chief Operating Officer for 3 years, before his most recent industry role at the Islamic Development Bank, where he set up and ran a new department tasked with developing Financial Policies and Planning underpinned by robust financial analytic tools and methodologies designed specifically for the IDB. Dr. Ken is currently a senior university lecturer in finance in the UK. He has published quantitative finance articles in peer-reviewed academic journals including the Journal of Risk, and during his earlier career, taught CFA and FRM professional certifications as a pastime for the Bahrain Institute of Banking and Finance.
Contact us
Hatem Almasri
Account Manager, REDmoney Seminars
Hatem.Almasri@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 31
Account Manager, REDmoney Seminars
Bejtullah.Ferizi@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 44
Ramesh Kalimuthu
Events Sales Director
Ramesh.Kalimuthu@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810
Deputy Publisher & Director
Geraldine.Chan@REDmoneygroup.com
Direct Line: +971 4 427 3628
Suhail Sinnalebbe
Senior Events Producer
Suhail.Sinnalebbe@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 43
Andrew Tebbutt
Managing Director
Andrew.Tebbutt@REDmoneygroup.com
Direct Line: +603 2162 7802
Andy Law
Marketing Manager
Andy.Law@redmoneygroup.com
Direct Line: +603 2162 7800 ext 22
Clement Anthony
Marketing Executive
Clement.Anthony@REDmoneygroup.com
Direct Line: +603 2162 7800 ext 62For any inquiries contact us
Kindly complete the registration form and email to seminars@redmoneygroup.com or fax +603 2162 7810
Early bird : RM1,799
If you are looking for an in-house training program, kindly please send a Request for Proposal to Andrew.Tebbutt@REDmoneygroup.com
Kindly complete the registration form and email to seminars@redmoneygroup.com or fax +603 2162 7810
Early bird : RM1,799
If you are looking for an in-house training program, kindly please send a Request for Proposal to Andrew.Tebbutt@REDmoneygroup.com
Dr Ken Baldwin
Former Director Financial Policies & Planning, Islamic Development Bank
