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DAY 1
Workshop commences at 9am and ends at 5pm
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Understanding
Bond-Abled Islamic Financing Facilities
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Islamic Syndications
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Islamic Facilities and the Internal Rate of Return
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Islamic Bond Issuance
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Bai’ Bithaman Ajil (“BBA”)/ Istisna’ Bond Issuance
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Sukuk Ijarah
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Ijarah Musyarakah Structure
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Ijarah Muntahiah Bit-Tamlik
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Understanding Principal Features
of Islamic Bonds and its Latest Developments.
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Principal features of Baids
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Principal features of ICP’s
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Principal features of IMTN’s
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Principal features of Musyarakah / Mudharabah Bonds
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Project Gold – Analysing the Structure and Features of Malaysia’s First Islamic Sovereign Issue.
USD600 million
Sukuk Ijarah / Trust Certificate Issuance on behalf of Malaysia Global Sukuk Inc.
Understanding
Middle Eastern Preferred Structures- Musharaka Sukuk, Sukuk Istithmaar, SABIC Sukuk, Saudi Electricity Company Sukuk, etc.
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Issuing an Islamic Bond
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Eligibility of projects for Islamic Bond Financing
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Basic Criteria for companies to be eligible to issue Islamic Bonds
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The Rating Process and Significance of Ratings
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The Issuance Procedure / Requirements
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Advisors / Consultants
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Detailed Costs Breakdowns
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Pricing – Islamic Bonds vs Conventional Bonds
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Period taken and Timetable to Financial Close
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Accounting Entries for Islamic Bond Issuance
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DAY 2
Workshop commences at 9am and ends at
5pm
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Islamic Capital Market Exercises / Case Studies
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Computing Face Value of Secondary Notes
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Design an Islamic Bond Termsheet for a Potential Issuer.
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Design, arrange and issue the first Musyarakah Bond to be issued and traded in the country
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Understanding Bond Legal Documentation
Asset Purchase Agreement, Asset Sale
Agreement, Notes Issuance Facility Agreement, Agency Agreement.
q ICP’s / IMTN – Salient Points
ICP’s /
IMTN Facility Agreement Schedule to Agreement – Issue Request, Invitation and Tender, Tender, Acceptance of Tender,
Resale, Tender Panel Agreement, Trust Deed.
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Complying with Securities Commission’s Guidelines on Offerings
of Islamic Securities.
q Concepts, structure, term sheet, legal
documentation, Administrative and Operational procedure and Documents. Eligibility of transacted asset / project
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Understanding Rescheduling, Refinancing
and Restructuring of Islamic Bonds
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Rescheduling, refinancing and restructuring of Islamic Facilities, refinancing
and restructuring of Syndicated Facilities, refinancing and restructuring of Bond Issuance and restructure of Bonds into Equity-Quasi
Equity Instruments
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Islamic Capital Market Exercise
/ Case Study
q Rescheduling the Selling Price Instalment
Schedule; Restructure a defaulted / defaulting Islamic Bond
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