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: RM4,800/US$1,600

Please note that the Ringgit price is applicable to Malaysia-domiciled participants only. 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

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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

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Structuring Islamic Products & Legal Documentation

SIDC CPE-approved: 10 CPE Points

Date: 21st & 22nd August 2024
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

Fee per participant: RM4,800/US$1,600

Please note that the Ringgit price is applicable to Malaysia-domiciled participants only. 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

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AGENDA

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 is a Partner at Raja, Darryl & Loh and heads the Islamic Finance Practice Group. He holds a Ph.D in Islamic Finance from the International Centre for Islamic Finance Education (INCEIF) (2016). He also holds a Chartered Islamic Finance Professional (CIFP) from INCEIF (2011), and read law at the International Islamic University of Malaysia (IIUM) (2006).

Professionally, he is qualified as a Chartered Professional in Islamic Finance (CPIF). Dr. Syed Adam is also the Internal Auditor and an Associate Member of the Association of Shariah Advisors in Islamic Finance Malaysia (ASAS). He previously served as the Honorary Secretary and a Grand Council Member of the Chartered Institute of Islamic Finance (CIIF) (2015-2023).

He currently sits on the Islamic Finance Committee of Bar Council Malaysia as the Co- Chairperson.

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