Structuring Islamic Products & Legal Documentation

SIDC CPE-approved: 10 CPE Points

Date: 5^th & 6^th December 2023
Venue: Kuala Lumpur

Classroom Training

COURSE OVERVIEW

This comprehensive course examines and explains the intricacies of structuring and legal documentation for various forms of Islamic financial transactions. Participants will gain a comprehensive understanding of the legal, regulatory and Shariah frameworks governing Islamic banking and finance in Malaysia and the critical roles they play in ensuring compliance with Shariah principles. Through a series of engaging modules and practical case studies, this program will equip attendees with the knowledge and skills necessary to structure robust legal documentation for Islamic financial products.

Learning Objectives:
- Analyse recent Shariah issues in Islamic financial product documentation.
- Assess their impact on product development and structuring.
- Evaluate the role of documentation in mitigating Islamic banking risks.
- Implement risk management best practices through effective documentation.
- Examine the latest legal issues in products.
- Apply Bank Negara Malaysia policy documents in these contexts.
- Understand legal and documentation issues in Murabahah, Ijarah, Tawarruq, Waad and Wakalah contracts.
- Discuss Bank Negara Malaysia's policy documents for various products.

Upon completion of this course, participants will be able to:
- Understand the legal and regulatory framework for Islamic banking in Malaysia.
- Differentiate between the various Shariah structures employed in Islamic banking in Malaysia.
- Understand key legal and Shariah issues relevant to product structuring.

Fee

Fee per participant: RM4,500/US$1,100

Discounts are available for group bookings. Please contact us for more details.

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:

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

Structuring Islamic Products & Legal Documentation

SIDC CPE-approved: 10 CPE Points

Date: 5^th & 6^th December 2023
Venue: Kuala Lumpur

Classroom Training

COURSE OVERVIEW

Learning Objectives:
- Analyse recent Shariah issues in Islamic financial product documentation.
- Assess their impact on product development and structuring.
- Evaluate the role of documentation in mitigating Islamic banking risks.
- Implement risk management best practices through effective documentation.
- Examine the latest legal issues in products.
- Apply Bank Negara Malaysia policy documents in these contexts.
- Understand legal and documentation issues in Murabahah, Ijarah, Tawarruq, Waad and Wakalah contracts.
- Discuss Bank Negara Malaysia's policy documents for various products.

Upon completion of this course, participants will be able to:
- Understand the legal and regulatory framework for Islamic banking in Malaysia.
- Differentiate between the various Shariah structures employed in Islamic banking in Malaysia.
- Understand key legal and Shariah issues relevant to product structuring.

Fee

Fee per participant: RM4,500/US$1,100

Discounts are available for group bookings. Please contact us for more details.

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

Day One

Module 1: A Reminder of Islamic Banking Principles

The foundation and recent development of Islamic financial services in Malaysia.
The key tenets of Islamic finance and how they relate to product development and structuring.
The role of Shariah and Shariah compliance in product development and structuring.

Module 2: The Legal and Regulatory Framework of Islamic Banking in Malaysia

An overview of legislation governing Islamic banking in Malaysia.
Understanding the regulatory authorities and the regulatory framework for Islamic financial services in Malaysia.
Shariah governance for Islamic financial institutions:
Examining recent regulatory requirements on Shariah governance, audit and compliance
The role of board of directors, Shariah committee and management

Module 3: Key Shariah Structures and Legal Considerations for Islamic Banking Products

Islamic law of contracts: essential elements.
Understanding Shariah rules regarding conditions to the contract.
Key differences between conventional legal documentation and Islamic legal documentation
The importance and role of Bank Negara Malaysia policy documents and exposure drafts.
Main Shariah structures, legal documentation and relevant legal cases for:
- Sale-based products: Murabahah and Commodity Murabahah
- Manufacture product: Istisna.
- Lease- based product: Ijarah.
- Equity-based products: Musharakah and Mudarabah
- Hybrid products: Al-Ijarah Thumma Al-Bai’ (AITAB) for hire purchase products and Musharakah Mutanaqisah for home financing product

Day Two

Module 4: Key Shariah Structures and Legal Considerations for Islamic Banking Products (continued)

Main Shariah structures, legal documentation and relevant legal cases for:
- Wakalah (agency)
- Wa’d (promise)
- Ibra (rebate)
- Late payment charges
Security, collateral and enforcement

Module 5: Key Considerations for Structuring Islamic Banking Products

Identifying key Shariah and legal considerations for product structuring
Understanding security, collateral and enforcement for Islamic finance products

Case Study: for a Murabahah purchase order product

Final discussion and wrap-up

EXPERT COURSE DIRECTOR

Dr Syed Adam Alhabshi
Partner, Raja, Darryl & Loh

Dr Syed Adam Alhabshi began his legal career as a Judicial Officer between 2007 and 2011 serving as a Magistrate and a Senior Assistant Registrar in the Muamalat Division and the Commercial Division of the High Court, both in Kuala Lumpur. He also served as the Special Officer to the Chief Justice of Malaysia. Prior to joining Raja, Darryl & Loh, Dr Syed Adam was the Manager of the Shariah Secretariat under the Group Secretarial & Legal Department of a Malaysian financial institution and subsequently a partner in another large firm in Kuala Lumpur from 2018 to 2022. With a Ph. D in Islamic Finance and various other credentials, his focus has been on Islamic finance from the inception of his practice. He has wide experience in advising financial institutions on multiple aspects of Islamic finance (including banking and security documentation), regulatory compliance, Islamic capital markets and Takaful. 

Who Should Attend?

Banking and financial services professionals
Shariah compliance officers
Legal and compliance officers and in-house counsel
Product development teams
Risk managers
Regulators and supervisors
Consultants and advisors

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:

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