Waqf Features in Islamic Funds, Regulatory, Structuring and Shariah Issues

Waqf Features in Islamic Funds, Regulatory, Structuring and Shariah Issues
A Two-Part Online Training Program

Date: 21^st & 22^nd June 2021

WHY THIS COURSE?

In recent years Waqf has evolved from being a tool for philanthropical purposes to becoming a recognised, mainstream financial instrument of its own right. With inherent flexibility and adaptability married to impressive recent development and evolution, Waqf concepts have been applied to a range of innovative new Waqf products involving equities, deposits, funds, Sukuk and many types of liquid assets. Recent analysis also suggests that with increased awareness of Waqf, a growing number of Muslims are willing to contribute to society by donating their assets to be managed by Waqf institutions, delivering benefits in the form of social welfare and public facilities. Waqf institutions and those potentially managing Waqf assets therefore play an important role in promoting shared prosperity, social causes and financial inclusion.

This 6-hour online program will provide participants with a detailed understanding of the objectives of Waqf and its essential structuring elements when applied to financial products. We identify and explain the differences between Waqf, Sadaqah and Zakat. We will also cover in detail the different types of Waqf and kinds of cash Waqf and investments of cash in Waqf instruments. The program will also discuss in detail Waqf features in Islamic funds, Islamic wholesale funds, the regulatory requirements for each and the important considerations of structuring Waqf based Sukuk and Waqf-based Shares.

Key Learning Objectives and Takeaways
- Evaluate the important structural and operational issues of Waqf
- Understand different types of Waqf and their uses and applications
- Assess the application of Waqf in Islamic funds, Sukuk and shares
- Discuss Waqf in fund management, including important regulatory requirements such as the Waqf-featured Fund Framework and other guidelines
- Understand important concepts through the application of real-life case studies

Fee

1 participant: RM1,250/$325
2 participants: RM2,500/$650
3 participants: RM3,750/$975
4 participants: RM5,000/$1,300
5 participants: RM6,250/$1,625

Early Payment Discount: Payments made on or before 14^th June 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

WHY THIS COURSE?

Key Learning Objectives and Takeaways
- Evaluate the important structural and operational issues of Waqf
- Understand different types of Waqf and their uses and applications
- Assess the application of Waqf in Islamic funds, Sukuk and shares
- Discuss Waqf in fund management, including important regulatory requirements such as the Waqf-featured Fund Framework and other guidelines
- Understand important concepts through the application of real-life case studies

Who Will Benefit

This course has been specifically designed to benefit:
- Islamic fund managers and product development professionals
- Wealth managers and private bankers
- Islamic bank and financial institution product development teams
- Shariah risk, audit and compliance professionals
- Product development team members and leaders
- Marketing professionals
- Regulators and 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: RM1,250/$325
2 participants: RM2,500/$650
3 participants: RM3,750/$975
4 participants: RM5,000/$1,300
5 participants: RM6,250/$1,625

Early Payment Discount: Payments made on or before 14^th June 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

Module One: Understanding the Application and Structure of Waqf

Introduction to Waqf and its Shariah basis
Essential elements of Waqf and the different kinds of Waqf in use today
Requirements for structuring Waqf
Benefits from Waqf to the community

Module Two: Comparing Waqf to other Important Concepts

Identifying key differences between Waqf and Sadaqah
Identifying key differences between Waqf and Zakat
Implications for product structuring of these important differentiations
Traditional Waqf compared to cash Waqf – innovation and structuring issues

Part Two

Module One: Important Considerations for Waqf-featured Islamic Funds and Wholesale Funds

Case study: The real-life example of Menara Imarah and what it teaches us
What is the Waqf-featured Fund Framework and what are its objectives? What other regulatory guidelines are relevant to this activity?
What are the investment objectives and distribution policies for Waqf-featured Islamic funds and wholesale funds?
What are important disclosure requirements for Waqf-featured Islamic funds and wholesale funds?

Module Two: Applicability and Structure of Corporate Waqf

Applying Waqf through Sukuk and Shariah compliant shares
Understanding the application of Corporate Waqf Shares
Case Study: Larkin Sentral Corporate Waqf

EXPERT COURSE DIRECTORS

Mohamed Firdaus Bin Kader Mohideen
Head of the Group Shariah Department, MIDF Berhad

Mohamed Firdaus Bin Kader Mohideen is the Head of the Group Shariah Department for MIDF Berhad. Prior to this, he was the Specialist for Islamic Finance at the Finance Accreditation Agency and previously was the General Manager for program development at Asian Institute of Finance (AIF). Firdaus has more than 25 years’ experience in retail, corporate and investment banking both in Malaysia and the Gulf. Whilst located in the Gulf, Firdaus worked for Emirates Bank and Alinma Bank.

In Malaysia, during his time at INCEIF Firdaus was the first head of Chartered Islamic Finance Professional (CIFP) and industry expert for Islamic Finance. Firdaus has worked at other esteemed financial institutions, including RAM Ratings where he was the Head of Islamic Ratings, and MBf Finance where he was employed as the main Hub Manager for state of Kelantan and Maybank in the Corporate Banking division. Firdaus was instrumental in setting up the Islamic Finance Department and was the first head of the Islamic Finance department at MIDF.

Firdaus has a degree in Business Administration (IIUM) and holds a Master of Business Administration (MBA) specializing in Islamic banking and finance from International Islamic University Malaysia (IIUM). He is a professional graduate of the Institute of Chartered Secretaries and Administrators (ICSA) and holder of Islamic Financial Planning (IFP) Certificate. Firdaus is a certified trainer under the Chartered Institute of Personnel and Development (CIPD), UK. Currently pursuing Association of Shariah Advisors Professional Shariah qualification.

In 2013, Firdaus was appointed as an Accreditation Panel Member of Finance Accreditation Agency (FAA) and previously served as an exco member for the Association of Shariah Advisors Malaysia (ASAS). Recently he was elected as Internal Auditor for ASAS as well as being appointed as a member of the Examination Board.

WHO WILL BENEFIT

This course has been specifically designed to benefit:
- Islamic fund managers and product development professionals
- Wealth managers and private bankers
- Islamic bank and financial institution product development teams
- Shariah risk, audit and compliance professionals
- Product development team members and leaders
- Marketing professionals
- Regulators and supervisors
- Risk, audit and compliance professionals

REGISTRATION

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

Who are you registering?*

Myself

Colleagues or team members

Full Name*

Job Title*

Company*

Email address*

Phone*

Delegate Name*

Job Title*

Email address*

Phone*

First Delegate Name*

Job Title*

Email address*

Phone*

Second Delegate Name*

Job Title*

Email address*

Phone*

First Delegate Name*

Job Title*

Email address*

Phone*

Second Delegate Name*

Job Title*

Email address*

Phone*

Third Delegate Name*

Job Title*

Email address*

Phone*

First Delegate Name*

Job Title*

Email address*

Phone*

Second Delegate Name*

Job Title*

Email address*

Phone*

Third Delegate Name*

Job Title*

Email address*

Phone*

Fourth Delegate Name*

Job Title*

Email address*

Phone*

First Delegate Name*

Job Title*

Email address*

Phone*

Second Delegate Name*

Job Title*

Email address*

Phone*

Third Delegate Name*

Job Title*

Email address*

Phone*

Fourth Delegate Name*

Job Title*

Email address*

Phone*

Fifth Delegate Name*

Job Title*

Email address*

Phone*

Approving Manager

Full Name*

Company*

Phone*

Job Title*

Email address*

Verification

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.

Please tick if you have read and understood our terms and conditions

Please type the characters*

This helps us prevent spam, thank you.

This field should be left blank

CPE/CPD Applicable:

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