Islamic Structured & Syndicated Finance

Islamic Structured & Syndicated Finance
A Two-Part, Online Course

Date: 13^th & 14^th June 2022

WHY THIS COURSE?

Syndicated Islamic finance refers to a form of financing where two or more Islamic financial institutions combine to participate in a financing deal, with each providing a portion of the financing amount. As seen in conventional syndicated finance, the participating financial institutions in an Islamic syndicated finance will appoint a lead bank who is responsible for the syndication, coordinating the process of preparing and finalizing the documentation and closing the finance deal. This concise, practitioner-led course will discuss these roles in detail.

Structured Islamic finance, on the other hand, has no precise definition. Generally, it involves the packaging together of various legal structures to produce a bespoke financial product or solution. The starting point will be to analyse the commercial objectives of the client and their activities. Once those are identified, it is then a question of examining the possible Shariah compliant financing techniques and undertaking any necessary due diligence, which can extend to matters such as legal research, tax analysis and a review of any underlying assets that are to be employed in the Islamic financing deal.

Specific knowledge and skills are required for professionals to handle and execute complex structured and syndicated financing in accordance with Shariah requirements. This course is designed to provide participants with a detailed understanding of structured and syndicated Islamic financing, how financial institutions manage these important transactions, and how significant challenges can be overcome. The course has been designed for practitioners who wish to understand how to design, develop, execute and deliver structured and syndicated Islamic financing transactions. The program will provide instruction on how to establish, design and manage these transactions in accordance with Shariah, legal, tax, commercial and market requirements. 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.

Key Highlights:
- Gain a critical understanding of how your institution can initiate, structure and manage structured and syndicated financing in accordance with Shariah requirements.
- Learn how to formulate and implement an effective Shariah methodology for structured and syndicated financing deals that meet all legal, commercial and market requirements.

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 6^th June 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

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

WHY THIS COURSE?

Key Highlights:
- Gain a critical understanding of how your institution can initiate, structure and manage structured and syndicated financing in accordance with Shariah requirements.
- Learn how to formulate and implement an effective Shariah methodology for structured and syndicated financing deals that meet all legal, commercial and market requirements.

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 6^th June 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

AGENDA

Course duration is six (6) hours divided into three (3) hours each session.

Part 1: Key Principles of Structured and Syndicated Islamic Financing

Assessing Shariah status of the combination of contracts in structured financing
Assessing Shariah controls on the combination of contracts
Examining Shariah concession for the combination of contracts
Understanding prior agreement (Muwata`ah) for the combination of contracts
Discussing contemporary applications and general rules for the combination of contracts
Definition of syndicated financing
Definition of structured financing
Identifying types of projects financed through syndication
- Real-life examples
Modes of providing syndicated financing to customers
Participation of institutions with conventional banks in syndicated financing
Discussing Shariah compliant methods of arranging the relationship between the syndication parties
Real-life examples and case studies
Quiz

Part 2: Practical Implications in Designing and Managing Structured and Syndicated Financing

Examining types of preparatory tasks and commissions for syndicated financing
Provision of guarantees and suretyships by the syndication manager
Appointment of the agent
Discussing the participation of the participating financiers
Prepayment (where applicable) and increased costs (although there are certain Shariah issues relating to increased costs)
Payments by the participants and the agent
Refund, sharing and further payments
Outlining the role and duties of the agent
Agreeing costs and expenses
Discussing assignment procedures
Exiting syndicated financing
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

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.

Presentation materials: – important, please read carefully

as part of our sustainability drive, we offer standard access to an electronic version of the course materials. A hard copy of the materials can be provided for a fee: RM100 per copy for Malaysia-based participants; US$150 per copy for all other locations.

Please tick here should you wish to receive a hard copy of the course materials.

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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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

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