Shariah Audit for Corporate, Hedging and Financial Market Products
Tools and Methodologies
A Three-Part, Online Course
Date: 13th - 15th December 2021
Ensuring Shariah rules and principles are adhered to is one of the ultimate responsibilities of Islamic financial institutions (IFIs). IFIs carry out this responsibility through establishing Shariah review and audit functions within their institutions. The role of the Shariah compliance audit provides independent assessment and objective assurance designed to value-add and improve the level of confidence of the IFI’s compliance with Shariah. It includes examination of contracts and agreements, policies, products and transactions, reporting to Shariah boards, as well as circular and reports for inspections performed by central banks. Specific knowledge and skills are required for professionals to carry out this responsibility in the most efficient manner, particularly when auditing complex financial instruments, such as various structures of sukuk, syndication, financial market contracts, derivatives and hedging (Tahawut) Islamic swaps and forward products, and capital raising instruments. This training program is designed to provide participants with the necessary knowledge and skills in the area of advanced Shariah auditing. Also how IFIs manage this important audit and what challenges will they need to overcome.
This course has been designed for IFIs practitioners who need to know how to conduct Shariah compliance audit for sophisticated financial contracts and instruments. The course provides instruction on how to establish and design the appropriate audit plan, manage the audit review process and its challenges, as well as auditing legacy contracts, and new contracts, legal documentation, intended and unintended consequences of financial instruments. The course is highly interactive with case studies and real-life challenges and provides delegates ample opportunity to raise questions and discuss challenges and solutions.
1 participant: RM1,995/$550
2 participants: RM3,990/$1,100
3 participants: RM5,985/$1,650
4 participants: RM7,980/$2,200
5 participants: RM9,975/$2,750
Early Payment Discount: Payments made on or before 6th December 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
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
Send me Details
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
Yuggeswary Sundranathan
Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22
Shariah Audit for Corporate, Hedging and Financial Market Products
Tools and Methodologies
A Three-Part, Online Course
Date: 13th - 15th December 2021
Send me Details
Ensuring Shariah rules and principles are adhered to is one of the ultimate responsibilities of Islamic financial institutions (IFIs). IFIs carry out this responsibility through establishing Shariah review and audit functions within their institutions. The role of the Shariah compliance audit provides independent assessment and objective assurance designed to value-add and improve the level of confidence of the IFI’s compliance with Shariah. It includes examination of contracts and agreements, policies, products and transactions, reporting to Shariah boards, as well as circular and reports for inspections performed by central banks. Specific knowledge and skills are required for professionals to carry out this responsibility in the most efficient manner, particularly when auditing complex financial instruments, such as various structures of sukuk, syndication, financial market contracts, derivatives and hedging (Tahawut) Islamic swaps and forward products, and capital raising instruments. This training program is designed to provide participants with the necessary knowledge and skills in the area of advanced Shariah auditing. Also how IFIs manage this important audit and what challenges will they need to overcome.
This course has been designed for IFIs practitioners who need to know how to conduct Shariah compliance audit for sophisticated financial contracts and instruments. The course provides instruction on how to establish and design the appropriate audit plan, manage the audit review process and its challenges, as well as auditing legacy contracts, and new contracts, legal documentation, intended and unintended consequences of financial instruments. The course is highly interactive with case studies and real-life challenges and provides delegates ample opportunity to raise questions and discuss challenges and solutions.
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
1 participant: RM1,995/$550
2 participants: RM3,990/$1,100
3 participants: RM5,985/$1,650
4 participants: RM7,980/$2,200
5 participants: RM9,975/$2,750
Early Payment Discount: Payments made on or before 6th December 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.
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
Each session will be interactive in a seminar format, with participants encouraged to engage with questions throughout.
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
Dr Samir Alamad
Advisor to the UK Government and Bank of England on Islamic Finance
Dr Samir Alamad is a highly qualified practitioner and expert in the Islamic banking and finance industry, and a published author. He has over 15 years’ work experience in Islamic financial services in the UK, and a track record of Islamic finance expertise in developing, structuring and launching Shariah compliant financial products of all types. As an academic, he also possesses a scholarly knowledge of Shariah advisory and audit, financial product development, and strong specialty in Islamic economics and jurisprudence, Islamic commercial law, and an in-depth experience and understanding of all areas of Shariah governance, audit and financial services.
Dr Samir gained his PhD in financial engineering from Aston University Business School and has 20 years’ work experience. He is an AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) Certified Shariah Advisor and Auditor (CSAA) with an excellent knowledge of all operational areas of the financial services sector. He has advised and worked extensively with the UK Government on financial and social inclusion, in relation to advancing Islamic finance in the UK. Dr Samir served as a board member of the UK Government Help to Buy Mortgage Guarantee senior monitoring board; worked with the HM Treasury as a member of the Help to Buy ISA working group of experts to develop the scheme and its rules; structured for the UK Government the Takaful Alternative Student Finance scheme (TASF); and advised the Bank of England on the structure of the Wakalah-based Shariah compliant central bank liquidity facility. This is in addition to many other Islamic finance initiatives that Dr Samir delivered for and with the UK Government.
Dr Samir has a significant publication portfolio, including papers in three-star academic journals, such as the British Accounting Review. He is also a visiting lecturer at the University of Birmingham in the UK, also advised academic institutions, such as Plymouth and GSM universities on structuring MBA courses and academic modules for different academic programs. He is a regular speaker at international conferences, has delivered numerous lectures and taken part in many Islamic finance TV and radio shows.
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
Yuggeswary Sundranathan
Events & Publishing Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22
