Fee per participant: RM4,500/US$1,100
Discounts are available for group bookings. Please contact us for more details.
Structuring Islamic Products & Legal Documentation
SIDC CPE-approved: 10 CPE PointsDate: 5th & 6th December 2023
Venue: Aloft Kl Central, 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.
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
Structuring Islamic Products & Legal Documentation
SIDC CPE-approved: 10 CPE PointsDate: 5th & 6th December 2023
Venue: Kuala Lumpur
Classroom Training
Send me Details
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 per participant: RM4,500/US$1,100
Discounts are available for group bookings. Please contact us for more details.
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
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
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
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