Recovery of Islamic Finance Facilities

Recovery of Islamic Finance Facilities
A Three-Part Online Training Program

Date: 23^rd - 25^thJune 2020
2.00pm – 5.30pm, ONLINE

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PROGRAM INTRODUCTION

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 three-part online training 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.

KEY LEARNING OUTCOMES

Identify the common mistakes and pitfalls in legal documentation
Recognize dispute resolution options in the case of Islamic financial products
Assess key aspects of sale and non-sale Islamic finance contracts
Evaluate Ibra, Tawidh & Gharamah concepts and their practical aspects
Understand vital considerations of recovery for lease contracts, hybrid and equity contracts
Analyze the enforceability of Shariah non-compliance contracts in Malaysia

Fee

1 participant: RM1,400
2 participants: RM1,260 per participant
3 participants: RM1,190 per participant
4 participants: RM1,120 per participant
5 participants: RM1,050 per participant

Early Payment Discount: Payments made on or before 16^th 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

KEY LEARNING OUTCOMES

Identify the common mistakes and pitfalls in legal documentation
Recognize dispute resolution options in the case of Islamic financial products
Assess key aspects of sale and non-sale Islamic finance contracts
Evaluate Ibra, Tawidh & Gharamah concepts and their practical aspects
Understand vital considerations of recovery for lease contracts, hybrid and equity contracts
Analyze the enforceability of Shariah non-compliance contracts in Malaysia

Who Will Benefit

This course is relevant to personnel in the relevant functions of:

Retail, commercial and SME Islamic banking
Credit administration & credit recovery
Credit control & collections
Accounts receivable
Operations
Compliance
General counsel

Program Format

This three-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

Early Payment Discount: Payments made on or before 16^th 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: 23^rd June

1:55pm - 2:00pm
Welcome & Introduction

2:00pm - 3:30pm
Session One: Breaking Down the Regulatory Framework of Islamic Banking in Malaysia

Analyzing the Islamic Financial Services Act (IFSA) 2013
Rules of Court 2012
Discussion on other statutes and the roles they play in developing the regulatory framework

3:30pm - 3:45pm
Break

3:45pm – 5:15pm
Session Two: The Role of Shariah Advisory Councils

Understanding the position of the Shariah Advisory Councils (SAC)
Referral to the Shariah Advisory Councils (SAC)
Discussion on important decisions of the court

5:15pm - 5.30pm
Conclusion & Questions

Part Two: 24^th June

1:55pm - 2:00pm
Welcome & Introduction

2:00pm - 3:30pm
Session One: Pleading Correctly

Taking the right course of action
Pleading the case correctly
Discussion on important decisions of the court

3:30pm - 3:45pm
Break

3:45pm – 5:15pm
Session Two: Recovery for Sale Contracts

Discussion on Ibra, Tawidh and Gharamah
Calculation of Ibra, Tawidh and Gharamah
Discussion on important decisions of the court

5:15pm - 5.30pm
Conclusion & Questions

Part Three: 25^th June

1:55pm - 2:00pm
Welcome & Introduction

2:00pm - 3:30pm
Session One: Recovery for Lease Contracts

Discussion on the new structure
Recovery for lease contracts
Process flow for lease contracts recovery

3:30pm - 3:45pm
Break

3:45pm – 5:15pm
Session Two: Recovery for Equity and Other Contracts

Discussion on the structure of these important contracts
Recovery considerations for pure equity contracts
Recovery considerations for hybrid contracts
Recovery considerations for other contracts

5:15pm - 5.30pm
Conclusion & Questions

EXPERT COURSE DIRECTOR

Dr. Mohd Johan Lee
Managing Partner, J Lee & Associates

Johan is the managing partner of J. Lee & Associates, a legal firm in Malaysia. He graduated with LLB (Hons) Johan is the managing partner of J. Lee & Associates, a medium-size award-winning legal firm in Malaysia. The firm is now a member of Primerus law, an international legal chambers group consisting of finest law firms worldwide. Primerus law is one of the top three biggest legal firm groups in the world.

He graduated with LLB (Hons) degree from International Islamic University Malaysia. He also holds a Master of Comparative Laws degree, a post-graduate Diploma in Shariah and Legal Practice both of which from International Islamic University Malaysia, an MA in Economics for Competition Law from King’s Collage London and a Ph.D in Business and Commercial Law from Monash University Australia. He is currently a qualified member of the Chartered Institute of Arbitrators, UK as well as a mediator of the Malaysian Bar. He is an advocate and solicitor of the High Court of Malaya, the Shairah Court and the Supreme Court of Brunei.

He lectures part-time in a few local law schools (namely IIUM for the LLM, Unisza and UM for the LLB programmes) and in the IiBF of IIUM for the MSc.in Islamic Banking programme. He also occasionally conducts in-house trainings to various Islamic banking institutions worldwide, governmental and semi-governmental institutions. He has lectured and provided training in the Institute Latihan Kehakiman (ILKAP) as well as Jabatan Kehakiman Syariah Malaysia (JKSM) for both civil courts and Shariah courts judges concerning Islamic banking. He has also trained the officers from BNM, and all local banks and few other central banks throughout the world on Islamic Banking. In 2006, he was a visiting scholar to the Asian Law Centre of the University of Washington. He is currently a shariah consultant to few governmental agencies as well as few government-funded banks. Besides, he was a member of the Board of Studies of the Institute of Islamic Banking and Finance, International Islamic University Malaysia for the 2010-2012 tenure. He was also a member of the Board of Studies of the Faculty of Law of University Malaya for the 2015-2017 tenure. He was in the syllabus endorsement committee in for the INCEIF, and the CIMA. He is recently accredited as a senior trainer of the IBFIM and a trainer of the Associations of Shariah Advisors (ASAS), Malaysian Institute of Accountants (MIA) and the Institute of Internal Auditors Malaysia (IIA). He was the committee of the law reform committee established by the Attorney General office. He has recently been awarded the prestigious award of Islamic Finance Expert by LEGALS FINEST International.

He has authored few text books and reference books and written few articles on Islamic banking published globally notably:

Legal Documentation for Islamic Banking, IBFIM, Kuala Lumpur, 2014,
IFSA 2013: Commentaries on Islamic Banking and Finance, CLJ Publication, Kuala Lumpur, 2015,
Islamic Finance: Recovery, Rescheduling, and Restructuring of Islamic Banking Facilities, LexisNexis, Kuala Lumpur, 2016,
Islamic Finance: Shariah Theories, Principles, Practice, and Legal Documentation in Malaysia, Lexis Nexis, Kuala Lumpur, 2017,
IFSA 2013 and FSA 2013: New Regulation Regime in Malaysia for Islamic Finance, in, Adnan Trakic (eds), Islamic Banking and Finance, CLJ Publication, 2nd ed, Kuala Lumpur, 2015,
Muamalat, in, Ballini Pathmanathan (ed) Bullen & Leaks & Jacob’s Malaysian Precedents of Pleading, Thomson Reuters, August, 2017,
Muamalat (a full volume), in, Malaysian Precedents & Forms, Lexis Nexis, Kuala Lumpur (2018),
Annotated Statute: Financial Services Act 2013, Lexis Nexis, Kuala Lumpur (upcoming),
Annotated Statute: Islamic Financial Services Act 2013, Lexis Nexis, Kuala Lumpur (upcoming),
Atkin’s Court Forms Malaysia: Islamic Banking, Lexis Nexis, Kuala Lumpur (Upcoming),
Islamic Trade Finance, IBFIM, Kuala Lumpur (Upcoming),
Islamic Finance: Recovery, Rescheduling, and Restructuring of Islamic Banking Facilities, LexisNexis, Kuala Lumpur, (2nd ed) 2019,

He is now a member of the Shariah Advisory Council (SAC) of the Association of Islamic Banks Malaysia (AIBIM). Also, he is a consultant to few law firms and practices in Malaysia, Brunei, Singapore, Indonesia and the UK. He has drafted and developed numerous Islamic banking legal documents and products in Malaysia and overseas. He is a director of the IIUM Shariah Advisory Services Sdn. Bhd.

WHO WILL BENEFIT

This course is relevant to personnel in the relevant functions of:

Retail, commercial and SME Islamic banking
Credit administration & credit recovery
Credit control & collections
Accounts receivable
Operations
Compliance
General counsel

PROGRAM FORMAT

REGISTRATION

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

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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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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

Online Delivery

PROGRAM INTRODUCTION

Online Delivery

AGENDA

Part One: 23rd June

Part Two: 24th June

Part Three: 25th June

EXPERT COURSE DIRECTOR

WHO WILL BENEFIT

PROGRAM FORMAT

REGISTRATION

Approving Manager

Verification

Part One: 23^rd June

Part Two: 24^th June

Part Three: 25^th June