Structuring Islamic Finance Products

Structuring Islamic Finance Products
Two-Part Online Training Program

Date: 29^th & 30^thJune 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

Fee

1 participant: RM950
2 participants: RM900 per participant
3 participants: RM810 per participant
4 participants: RM710 per participant
5 participants: RM665 per participant

Early Payment Discount: Payments made on or before 22^nd June will receive a 5% discount
* Further attractive packages are available for groups of more than five. Please contact us directly

In-house/group training

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

Manual Registration

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

Online Delivery

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

Tiviaa James
Marketing Executive
[email protected]
Direct Line: +603 2162 7800 ext 62

PROGRAM INTRODUCTION

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

Who Will Benefit

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

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

Fee

1 participant: RM950
2 participants: RM900 per participant
3 participants: RM810 per participant
4 participants: RM710 per participant
5 participants: RM665 per participant

Early Payment Discount: Payments made on or before 22^nd June will receive a 5% discount
* Further attractive packages are available for groups of more than five. Please contact us directly

In-house/group training

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

Manual Registration

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

Online Delivery

AGENDA

Part One: 29^th June

Welcome & Introduction

Session 1: Analyzing Key Shariah Principles Governing Islamic Finance Products

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

Break

Session 2: Murabahah & Tawarruq

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

Conclusion & Questions

Part Two: 30^th June

Welcome & Introduction

Session 1: Fundamentals and Applications of Ijarah

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

Break

Session 2:Musharakah, Mudarabah & Wakalah bil Istithmar (MMW)

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

Conclusion & Questions

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

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

PROGRAM FORMAT

REGISTRATION

*Please note there is a fee for attending this program. Please contact us for more details.

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Before completing this registration form please read and understand our booking and cancellation policy. Thank you.

Booking, Payment and Cancellation Policy – important, please read carefully

By completing, signing and revised, sent separately us this registration form you are conﬁrming participants on the program. You are also conﬁrming your understanding of our Booking, Payment and Cancellation Policy.

Cancellation: If participants cannot attend the program, replacement participants are always welcome. Otherwise, participants must notify us any of cancellations or requests to transfer to a diﬀerent program at least 7 days before the program date to be eligible for a refund, less a 5% administration fee. Participants who cancel within 7 days of the program start date are liable to pay the full fee and no refunds will be given. Instead fees will be converted to a REDmoney seminars voucher equivalent to the original fee, less a 10% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a program is postponed for whatever reason registrations and fees will be automatically transferred to the new program date. Participants who wish to transfer to a diﬀerent program will be subject to the same terms as above and charged any diﬀerence in fees. No refunds or program vouchers will be issued for a no-show. Payment Terms: All programs fees are payable upon invoice. REDmoney shall receive the full fee with no deductions of any description. All telegraphic transfer fees, taxes and levies (domestic or otherwise) shall be borne by the sponsoring organization.

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Accreditation: This program is accredited with 6 CPD hours by Asian Institute of Chartered Bankers.

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
Mathias.[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

Tiviaa James
Marketing Executive
[email protected]
Direct Line: +603 2162 7800 ext 62

PROGRAM INTRODUCTION

Online Delivery

PROGRAM INTRODUCTION

Online Delivery

AGENDA

Part One: 29th June

Part Two: 30th June

EXPERT COURSE DIRECTOR

WHO WILL BENEFIT

PROGRAM FORMAT

REGISTRATION

Approving Manager

Verification

Part One: 29^th June

Part Two: 30^th June