Islamic Treasury Products
Date: 2nd June 2016 Venue: DoubleTree Hotel, Kuala Lumpur

Agenda

09:00 - 09:15 Introduction & welcome
09:15 - 10:00 Setting the Scene: Overview of Islamic Treasury and Risk Management Products and Markets in Malaysia
  • What products are currently available, what are they used for and by whom?
  • The regulatory environment: Key regulations, and what can and cannot be done
  • Issues and challenges: Shariah concerns, usage of treasury products
  • Lessons from the conventional market: what has worked and what hasn’t, and how far should product replication be taken?
Panelist: Tuan Syed Alwi Mohd Sultan — Executive Vice President, Corporate Services, Bank Muamalat Malaysia
10:00 - 11:00 Key Structuring and Developmental Issues for Islamic Foreign Exchange (Forex) Products
  • Reminder on conventional Forex swaps & forwards structures
  • Structuring issues for Islamic Forex forwards
  • Structuring issues for Islamic Forex swaps and crosscurrency swaps
  • Pricing and valuation issues for Islamic Forex products
  • Identifying real-life challenges
  • Overview of key Shariah and risk management issues
Panelist: Tuan Syed Alwi Mohd Sultan — Executive Vice President, Corporate Services, Bank Muamalat Malaysia
11:00 - 11:30 Coffee & Networking
11:30 - 12:30 Examining Important Shariah Principles and Issues for the Development of Islamic Treasury and Risk Management Products
  • Key Fiqh issues in the development of Islamic treasury products, and Shariah principles governing risk management and foreign exchange
  • Hedging (Tahawwut) versus speculating (Talaaub)
  • Key concepts of Waad (promise) and Tawarruq (Commodity Murabahah)
  • Shariah audit and control considerations for Islamic treasury
Panelist: Suzaizi Mohd Morshid — Head of Treasury, RHB Islamic Bank, Malaysia
12:30 - 14:00 Luncheon
14:00 - 15:00 Key Structuring and Developmental Issues for Islamic Profit Rate Swaps (IPRS)
  • Reminder on conventional interest rate swap structures
  • Examining important contracts for the development of IPRS – Waad and Murabahah
  • Pricing and valuation issues for Islamic IPRS
  • Identifying real-life challenges
  • Overview of key Shariah and risk management issues
Panelist: Pavanjit Kaur — Head of Treasury Solutions, Global Markets, Hong Leong Islamic Bank
15:00 - 16:15 Key Legal and Documentation Issues for Islamic Treasury Products in Malaysia
  • Reminder on the legal and regulatory requirements that need to be considered when developing legal documents for Islamic Treasury products
  • Practical issues and solutions in developing adequate legal documents for Islamic treasury products
  • Marketing restrictions including on reverse inquiry; temporary licensing; marketing support and marketing materials
  • Checks on customer’s capacity and capability; close-out and insolvency issues including ranking
  • Hedging vs gambling and the position under Malaysian law
  • Tax on documents
  • Application of the key international and local master agreements
Panelist: Madzlan Hussain — Partner and Head, Islamic Financial Services Practice, Zaid Ibrahim & Co., Malaysia
16:15 - 16:30 Question and Answer
16:30 End of Seminar

 

 

 


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