Bringing Islamic Financing To Your Doorstep

5 Day Islamic Banking & Finance Programme @ Sunway Resort Hotel 27 June- 1July 2011
Islamic Equity Instruments/IECM & International IABS 27&28 April@PJ Hilton
Introduction to Islamic Economics & Introduction to Takaful 8 & 9 March PJ Hilton
Fundamental Muamalat & Islamic Corp Financing & Legal Docs
Latest Muamalah in the News
JV with Sabah Law Association- Islamic Corporate Financing & Legal Documents K Kinabalu 10 Aug 2010
Two Day International Sukuk Workshop June 2010
Internationally located Courses ( speaking for Redmoney)
11th & 12th May 2010 Sukuk Workshop JV with Malaysian Institute of Accountants @ PJ Hilton
Fundamental Muamalat Course & Islamic Financing Restructure Workshop 29 & 30 Sept PJ Hilton
13th & 14th April 2010 Fundamental Muamalat & Islamic Financing Restructure Courses
Islamic Corporate Financing & Islamic Legal Documents Course
Two Day International Sukuk Workshop
Islamic Financing Restructure Workshop
Writings on the Wall
Will the real Islamic finance please stand up.
Expatriate Anecdotes
2-day Islamic Bond & ICM Workshop
Kursus Pentadbiran Harta Secara Islam
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Muamalah Soft Skills


*New Course by Muamalah*


Led by Muhammad Zahid Abdul Aziz, Director, Muamalah. Renowned Pioneer in Islamic Capital Market Instruments.


  • What is Asset Backed Securitisation?
  • Basic Structure of Asset Backed Securitisation
  • Differences with Private Debt Securities
  • What Is Islamic Asset Backed Securitisation?
  • Deliberations on what are acceptable Assets for Islamic Securitisation. Syariah rules on Assets
  • Deliberations on Issues of Structure Islamic wise
  • How to enhance credit Islamically?
  • Study of a Precedent Conventional Asset Backed Structure  and Term Sheet on Securitisation of a Financial Receivable
  • Design and arrange the first Islamic Asset Backed Securitisation of Islamic Vehicle Financing Receivables
  • Design an Islamic Asset Backed Securitisation based on Musyarakah
  • Highlights of differences between Conventional and Islamic Asset Backed Securitisation
  • Islamic Asset Backed Securities Legal Documents
  • Complying with Guidelines on Issuance of Asset Backed Securities
  • Complyng with Guidelines on Issuance of Islamic Securities
  • Legal., Regulatory, Tax and Accounting Perspectives on Asset Backed Securitisation



This Course will provide a solid grounding in Islamic Asset Backed Securitisation From basics of Asset Backed Securitisation to designing Islamic Asset Backed Securitisation Structures including incorporating Islamic Credit Enhancements Methods this will be a comprehensive Course covering all relevant aspects of the Subject.



  • Debt Capital Market Personnel of Banks and Universal Brokers
  • Corporate Banking Personnels
  • Corporate Finance Personnels
  • Investment Bankers / Merchant Bankers;
  • Islamic Banking Officers / Managers
  • Legal Practitioners
  • Fund Managers, Dealers, Remisiers, Asset Managers, Venture Capitalists, Investment Advisers, Analysts, Researchers
  • General Managers/Managers/ Officers of Corporate Organizations, SEDC’s, State Agencies, Departments and Corporations;
  • Directors of Listed/ Unlisted Companies
  • Academics and Consultants 
  • Accountants / Auditors; and
  • Individuals / Entrepreneurs.


Muamalah Financial Consulting Sdn Bhd (“Muamalah”) comprises a team of former Islamic Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/ Seminars/ Workshop to the Financial Industry:

In-house Course on Islamic Syndications, Securitisation and Legal Aspects for Alliance Merchant Bank Bhd

In-house Islamic Trade Finance Course for Public Bank Bhd In-house Islamic Capital Market Workshop for Bank Islam (M) Bhd, Hong Leong Bank Bhd and Malaysian International Merchant Bankers Berhad

 Public Islamic Bonds & Islamic Capital Market Course, M Hotel, Singapore- In House Syariah Broking Course for Permodalan Nasional Berhad and Bursa Malaysia Bhd


RM950 per participant. Fee is inclusive of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board.




Payment should be made by crossed cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd.

Receipt will be issued upon receipt of payment. All payment to be paid at least a week before the course date.


A replacement is allowed should a participant is unable to attend. For cancellation received in writing within one week prior to the course date, a 50% refund will be given to the participant.

Fees will be refunded in full if written notice of withdrawal is received more than two weeks prior to the course date.




Muhammad Zahid Abdul Aziz

Director, Muamalah Financial Consulting

Sdn Bhd.


Muhammad Zahid Abdul Aziz holds a Bachelor’s Degree in Economics from University of Exeter, United Kingdom. After graduating in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Islamic Bond Issuance. His last post at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Islamic Bond Issues during his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training and arranging of Islamic financing.









8.30 am - Registration


9.00 am – 10.30 am


  • Basics of Asset Backed Securitisation, Obligors, Originator, Primary Seller, Servicer, Issuer, Administrator, Share Trustee, Bond Trustee.
  • Basic Structure, Credit Enhancements, Bankruptcy Legislations and True Sales, Bankruptcy Remote SPV’s
  • Differences with Private Debt Securities


10.30 am – 10.45 am - Morning Break


10.45 am – 1.00 pm

  • What is Islamic Asset Backed Securitisation
  • Syariah Rules on Assets
  • Deliberations on what are Acceptable Assets for Islamic Securitisation
  • Deliberations on Issues of Structure Islamic Wise
  • How to Enhance Credit Islamically


1.00 pm – 2.00 pm – Lunch



2.00 pm - 3.15 pm


  • Study of A Precedent Conventional Asset Backed Structure and Term Sheet on Securitisation of a Financial Receivable.
  • Design the first Islamic Securitisation of Vehicle Financing Receivables
  • Design the first Islamic Asset Backed Securitisation Structure with profit sharing Musyarakah Notes
  • Highlights of Differences between Conventional and Islamic Asset Backed Securitisation


3.15 – 3.30 – Afternoon Break


3.30 – 5.00 pm

         Islamic Asset Backed Securities Legal Documents

         Complying with Guidelines on Issuance Of Asset Backed Securities.

         Complying with Guidelines on Issuance of Islamic Securities

         Legal, Regulatory, Tax and Accounting Perspectives



5.00 pm – End


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Muamalah Financial Consulting Sdn Bhd(494989-H)
17-1, First Floor, D'Bayu, Jalan Serambi U8/21,
Bukit Jelutong, 40150, Shah Alam, Selangor, Malaysia 
Tel:+603 7842 5187, +6012 212 5405 Fax:+603 7842 5201, +603-7847 3214
email :