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Islamic Financial Engineering & Product Development
A Two-Part, Online Course

Date:  25th & 26th April 2022

WHY THIS COURSE?

Financial engineering and product development from an Islamic perspective go well beyond the basic tenets of conventional finance. The principles upon which Islamic financial engineering and product development are built are deeply rooted in the teachings of Shariah, and in particular, the rulings of the principles of usoul al fiqh, or Islamic jurisprudence. This is unlike the rules of conventional finance, which could be influenced by desires such as profit maximization. Islamic Financial engineering and product development theory and practice take a more holistic approach. This approach dictates that financial engineering and product development is a worldly financial activity, which should benefit all stakeholders and, when based on good intention and being developed in accordance with the Shariah and its objectives, is an act of worship.

Specific knowledge and skills are therefore required for Islamic finance and banking professionals when designing and developing financial products in accordance with Shariah, legal, tax, commercial and market requirements. Also necessary is a detailed understanding of how various stakeholders engage and manage this complex process, the role of Shariah advisers and Shariah supervisory boards (SSB) in guiding Islamic financial institutions (IFIs) through product development, and the challenges they need to overcome.

This course has been designed for practitioners and Shariah advisers at Islamic financial institutions who wish to extend their understanding of the design, development, execution and delivery of new and innovative Islamic financial products. The course is highly interactive with case studies and discussion of real-life challenges, providing delegates with ample opportunity to raise questions and discuss solutions.

  • Key Highlights:
    • Gain a thorough understanding of how your institution can initiate, structure and engineer various financial products in accordance with Shariah and business requirements.
    • Learn how to formulate and implement an effective Shariah-based methodology and framework for Islamic financial engineering and product development.

Fee

1 participant: RM1,500/$400
2 participants: RM3,000/$800
3 participants: RM4,500/$1,200
4 participants: RM6,000/$1,600
5 participants: RM7,500/$2,000

Early Payment Discount: Payments made on or before 18th April 2022 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

Send me Details

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

Govina Selvanthran

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

seminar logo

Islamic Financial Engineering & Product Development
A Two-Part, Online Course

Date:  25th & 26th April 2022

6.00am - 9.00am
UK
9.00am - 12.00pm
UAE
1.00pm - 4.00pm
Singapore/KL

Send me Details

WHY THIS COURSE?

Financial engineering and product development from an Islamic perspective go well beyond the basic tenets of conventional finance. The principles upon which Islamic financial engineering and product development are built are deeply rooted in the teachings of Shariah, and in particular, the rulings of the principles of usoul al fiqh, or Islamic jurisprudence. This is unlike the rules of conventional finance, which could be influenced by desires such as profit maximization. Islamic Financial engineering and product development theory and practice take a more holistic approach. This approach dictates that financial engineering and product development is a worldly financial activity, which should benefit all stakeholders and, when based on good intention and being developed in accordance with the Shariah and its objectives, is an act of worship.

Specific knowledge and skills are therefore required for Islamic finance and banking professionals when designing and developing financial products in accordance with Shariah, legal, tax, commercial and market requirements. Also necessary is a detailed understanding of how various stakeholders engage and manage this complex process, the role of Shariah advisers and Shariah supervisory boards (SSB) in guiding Islamic financial institutions (IFIs) through product development, and the challenges they need to overcome.

This course has been designed for practitioners and Shariah advisers at Islamic financial institutions who wish to extend their understanding of the design, development, execution and delivery of new and innovative Islamic financial products. The course is highly interactive with case studies and discussion of real-life challenges, providing delegates with ample opportunity to raise questions and discuss solutions.

  • Key Highlights:
    • Gain a thorough understanding of how your institution can initiate, structure and engineer various financial products in accordance with Shariah and business requirements.
    • Learn how to formulate and implement an effective Shariah-based methodology and framework for Islamic financial engineering and product development.

WHO WILL BENEFIT?

  • Practitioners most likely to directly benefit from the course include:
    • Heads of Shariah compliance and audit
    • Shariah auditors internal/external
    • Shariah review team members
    • Chief risk officers
    • Chief finance officers
    • CEOs and chief commercial officers
    • Product structuring managers
    • Shariah compliance officers
    • Treasurers
    • Corporate bankers
    • Legal advisors
    • In-house counsel
    • Investment bankers
    • Internal auditors
    • Central bankers and regulators
    • Shariah advisory/supervisory committee members

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: RM1,500/$400
2 participants: RM3,000/$800
3 participants: RM4,500/$1,200
4 participants: RM6,000/$1,600
5 participants: RM7,500/$2,000

Early Payment Discount: Payments made on or before 18th April 2022 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

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

AGENDA

Course duration is six hours divided into three hours each session.

Part 1: General Theory and Framework for Islamic financial Engineering and Product Development

  • Current methodologies in financial product development
  • The concept of Islamic financial engineering and product development
  • Shariah controls on combination of financial contracts for financial engineering
  • Examination and identification of financial needs for product development
  • Identification of Shariah solutions to meet the financial needs
  • Evaluation and selection of the Shariah solutions
  • Modeling the product structure and its implementation procedures
  • Shariah review and approval process of the product structure
  • Real-life examples and case studies
  • Quiz

Part 2: Mechanisms of Achieving Maqasid Al-Shariah and Commercial Objectives in Financial Product Development

  • Shariah reasoning for considering the purpose of the product structure
  • Mechanisms of achieving Maqasid Al Shariah
  • Islamic finance contracts and the consequences of its implementation for financial engineering
  • The concept of jurisprudence theories and its implementation in the product development process
  • The push and pull factors in the financial engineering and product development approach
  • Examining key, most nominated Islamic finance principles for financial engineering.
  • Managing tension and competing factors in the product development process.
  • Real-life examples and case studies
  • Quiz

EXPERT COURSE DIRECTOR


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.

WHO WILL BENEFIT?

  • Practitioners most likely to directly benefit from the course include:
    • Heads of Shariah compliance and audit
    • Shariah auditors internal/external
    • Shariah review team members
    • Chief risk officers
    • Chief finance officers
    • CEOs and chief commercial officers
    • Product structuring managers
    • Shariah compliance officers
    • Treasurers
    • Corporate bankers
    • Legal advisors
    • In-house counsel
    • Investment bankers
    • Internal auditors
    • Central bankers and regulators
    • Shariah advisory/supervisory committee members

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

Govina Selvanthran

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
  • islamic Sustainable Finance & Investment
  • IFN Fintech

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