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

Date:  22nd - 24th July 2020
2.30pm – 5.45pm, ONLINE
AICB 6 CPD Hours

Download Brochure

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 15th July 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:

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

Yuggeswary Sundranathan

Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22

AICB_9_CPD-Hours-OL

Download Brochure

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

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

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 15th July 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: 22nd July

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: 23rd July

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: 24th July

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 the 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 Shariah Court and the Supreme Court of Brunei.

He lectures part-time at several 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 several 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 several governmental agencies as well as 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 on 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.

Johan is now a member of the Shariah Advisory Council (SAC) of the Association of Islamic Banks Malaysia (AIBIM). Also, he is a consultant to several 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. Johan 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

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

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

Yuggeswary Sundranathan

Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22

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]

Our Publications

  • Islamic Finance news
  • IFN Halal Finance
  • UK Islamic Finance
  • IFN Fintech

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