Recovery of Islamic Financing Facilities

Recovery of Islamic Financing Facilities
A Two-Part Online Training Program

Date: 22^nd & 23^rd January 2021
9.30am – 12.30pm, (Singapore/KL)

COURSE BACKGROUND

At times of market stress and with significant challenges being faced by the real economy, banks and financial institutions need carefully defined policies and procedures in place to constructively protect their interests, while at the same time consider the welfare of their customers. To undertake effective recovery, Islamic banks have numerous considerations to consider with Shariah and legal issues being among the most significant. The lack of legal precedent in handling cases of recovery only amplifies the challenges faced by banks. To help overcome these complex challenges, a clear legislative and regulatory framework is required by banks to ensure adherence and compliance to Shariah principles and other regulations, as well as affording customers the sensitivity they require.

This six-hour course will provide bankers, lawyers, Shariah, audit and compliance professionals involved in Islamic finance with a clear understanding of the key regulatory and Shariah issues surrounding the recovery of Islamic finance facilities, as well as crucial legal, procedural and documentation issues to consider when recovery becomes necessary.

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: RM1,250
2 participants: RM2,500
3 participants: RM3,750
4 participants: RM5,000
5 participants: RM6,250

Early Payment Discount: Payments made on or before 15^th February 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.

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

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

Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22

Recovery of Islamic Financing Facilities

COURSE BACKGROUND

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 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: RM1,250
2 participants: RM2,500
3 participants: RM3,750
4 participants: RM5,000
5 participants: RM6,250

Early Payment Discount: Payments made on or before 15^th February 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.

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

AGENDA AND FORMAT

Each session will be interactive in a seminar format, with participants encouraged to engage with questions throughout.

PLATFORM

AGENDA

Part One: 25^th January (3.5 hours)

Welcome & Introduction

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

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

Session Three: Pleading Correctly

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

Part Two: 26^th January (3.5 hours)

Session One:Recovery for Sale Contracts

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

Session Two: Recovery for Lease Contracts

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

Session Three: 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

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 and a member of Primerus law, an international legal chambers group consisting of the finest law firms worldwide.

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

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 Policy: 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 14 days before the program date to be eligible for a refund, less a 5% administration on fee. Participants who cancel within 14 days of the program start date are liable to pay the full program 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 program fees are payable upon invoice. REDmoney shall receive the full program 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

Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22

COURSE BACKGROUND

Fee

In-house/group training

COURSE BACKGROUND

Who Will Benefit

Program Format

Fee

In-house/group training

AGENDA AND FORMAT

PLATFORM

AGENDA

Part One: 25th January (3.5 hours)

Part Two: 26th January (3.5 hours)

EXPERT COURSE DIRECTOR

WHO WILL BENEFIT

REGISTRATION

Approving Manager

Verification

Part One: 25^th January (3.5 hours)

Part Two: 26^th January (3.5 hours)