Structuring Islamic Finance Products
Two-Part Online Training Program
Date: 29th & 30th June 2020
2.00pm – 5.00pm
PROGRAM INTRODUCTION
Islamic finance is a rapidly growing form of ethical finance. With a high CAGR since the early 2000’s, Islamic finance enjoys market shares of above 40% in Kuwait and Saudi Arabia while above 20% in Malaysia and the UAE. New markets and institutions are opening across Africa with Morocco, Sudan, Kenya and Nigeria among the fastest growing markets. In Asia, Turkey and Central Asian republics have joined the ASEAN countries as expanding Islamic finance markets. Pakistan, Bangladesh and Iran are also important markets experiencing dynamic Islamic finance activity.
This exclusive program will examine the concepts and principles relating to Islamic finance, inclusive of banking and capital markets. It defines the vocabulary of Islamic finance; and explains how the Islamic commercial rules impact financial market applications. The main aim of the course is to enable the participants to compare how various Islamic toolkits – sale-based, lease-based and equity-based instruments - are applied in Islamic finance. We will also examine the risk profiles of the different Islamic instruments.
The course will focus on using discussions, exercises, and problems to review various Shariah opinions in the market and ensure participants grasp the core rules governing Islamic tools. The exercises conducted will cover banking and financing applications (retail and corporate), as well as simple Sukuk structures when relevant.
WHAT YOU WILL TAKE AWAY:
- Compare and contrast various Islamic finance instruments
- Analyze the risk profiles of different Islamic finance products offered in the market
- Explain the rationale and Shariah contentions (if any) for different Islamic tools in the global market
- Develop a deeper knowledge base for better product structuring
1 participant: RM950
2 participants: RM855 per participant
3 participants: RM810 per participant
4 participants: RM760 per participant
5 participants: RM715 per participant
Early Payment Discount: Payments made on or before 22nd June will receive a 5% discount
* Further attractive packages are available for groups of more than five. Please contact us directly
If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More
Kindly complete the registration form and email to [email protected] or fax +603 2162 7810
Online Delivery
For enquiries please contact:
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
Govina Selvanthran
Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22
PROGRAM INTRODUCTION
Islamic finance is a rapidly growing form of ethical finance. With a high CAGR since the early 2000’s, Islamic finance enjoys market shares of above 40% in Kuwait and Saudi Arabia while above 20% in Malaysia and the UAE. New markets and institutions are opening across Africa with Morocco, Sudan, Kenya and Nigeria among the fastest growing markets. In Asia, Turkey and Central Asian republics have joined the ASEAN countries as expanding Islamic finance markets. Pakistan, Bangladesh and Iran are also important markets experiencing dynamic Islamic finance activity.
This exclusive program will examine the concepts and principles relating to Islamic finance, inclusive of banking and capital markets. It defines the vocabulary of Islamic finance; and explains how the Islamic commercial rules impact financial market applications. The main aim of the course is to enable the participants to compare how various Islamic toolkits – sale-based, lease-based and equity-based instruments - are applied in Islamic finance. We will also examine the risk profiles of the different Islamic instruments.
The course will focus on using discussions, exercises, and problems to review various Shariah opinions in the market and ensure participants grasp the core rules governing Islamic tools. The exercises conducted will cover banking and financing applications (retail and corporate), as well as simple Sukuk structures when relevant.
WHAT YOU WILL TAKE AWAY:
- Compare and contrast various Islamic finance instruments
- Analyze the risk profiles of different Islamic finance products offered in the market
- Explain the rationale and Shariah contentions (if any) for different Islamic tools in the global market
- Develop a deeper knowledge base for better product structuring
This course is designed to be of most benefit to:
- Islamic bank and financial institution management
- Islamic banking team members and leaders
- Shariah risk, audit and compliance professionals
- Product development team members and leaders
- Marketing professionals
- Regulators and banking supervisors
- Risk, audit and compliance professionals
This two-part training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment
1 participant: RM950
2 participants: RM855 per participant
3 participants: RM810 per participant
4 participants: RM760 per participant
5 participants: RM715 per participant
Early Payment Discount: Payments made on or before 22nd June will receive a 5% discount
* Further attractive packages are available for groups of more than five. Please contact us directly
If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More
Kindly complete the registration form and email to [email protected] or fax +603 2162 7810
Online Delivery
AGENDA
Part One: 29th June
- Riba, Gharar and other Shariah prohibitions
- Recognizing guidelines on ownership, possession, promise, contract and price
- Developing a practical framework to better understand different Islamic tools: NCC vs NUC contracts
- Highlighting Key Shariah rules of Murabahah
- Breaking down the various financing structures:
- Goods Murabahah vs Tawarruq
- Tawarruq Al-Asli vs Tawarruq Munazzam
- Summary of BNM PD Tawarruq
- Assessing the risk profile of Murabahah & Tawarruq in IFSB
- Application of Murabahah & Tawarruq (Exercise based):
- Retail: Home Finance (Tawarruq)
- Trade Finance: LC Murabahah
- Corporate Cash Line (Tawarruq)
- Capital Market: Simple Sukuk Murabahah
- Shariah audit/review issues:
- Common mistakes in documentation
- Product structure and implementation
Part Two: 30th June
- Key Shariah rules on Ijarah
- Summary of BNM PD Ijarah
- Assessing the risk profile of Ijarah in IFSB
- Application of Ijarah:
- Home Finance (Global style)
- Ijarah for services
- Construction: IMBZ to minimize construction risk
- Capital Market: Sukuk Ijarah
- Shariah audit/review issues:
- EOD
- Termination
- Foreclosure
- Key Shariah rules of MMW
- Summary of relevant BNM PD
- Assessing the risk profile of MMW in IFSB
- Using the right tools used to structure debt-like MMW:
- Incentive fee
- Liquidity facility
- Purchase undertaking at pre-determined price
- Application of MMW (Exercise based):
- Musharakah Mutanaqisah
- Corporate: Running Musharakah or Mudarabah working capital line
- Capacity Wakalah: Evolution and use in multiple sectors
- Capital Market: Combination Sukuk
- Shariah audit/review issues:
- EOD
- Termination
- Foreclosure
- Additional tools and formula documentation
EXPERT COURSE DIRECTOR
Shabnam Mokhtar
Group Executive VP, SHAPE Knowledge Services
Shabnam spearheads research and development activities at SHAPE. Besides analysis to develop novel Islamic Finance products in different markets, Shabnam also manages strategic and business plan formulation for launching of Islamic business. She also structures and delivers customised trainings for clients covering full spectrum of Islamic Finance activities. Training footprint covers Islamic banking, Sukuk and Islamic Securitization, Islamic derivatives, Islamic funds, risk profile of Islamic products, front line training and financial reporting for clients in ASEAN, GCC, Africa, US and Europe. With global experience, Shabnam brings implementation knowledge taking into account the business context, regulation and Shariah views in different markets. She has been a member of the Shariah of RHB Islamic since 2015.
WHO WILL BENEFIT
- Islamic bank and financial institution management
- Islamic banking team members and leaders
- Shariah risk, audit and compliance professionals
- Product development team members and leaders
- Marketing professionals
- Regulators and banking supervisors
- Risk, audit and compliance professionals
PROGRAM FORMAT
This two-part training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment
For enquiries please contact:
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
Govina Selvanthran
Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22