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Islamic Financing Restructure Workshop

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THIS COURSE IS SIDC-CPE

ACCREDITED:  10 POINTS

 


ISLAMIC FINANCING RESTRUCTURE WORKSHOP

*Latest New Course by Muamalah*

THIS COURSE IS SIDC-CPE

ACCREDITED:  10 POINTS

 

 


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

 

Introducing Islamic Financing Concepts. Introduction to Islamic Capital Market.

Basics of Sukuk.

Principles of Rescheduling, Restructuring and Refinancing of Islamic Facilities

Review of ‘akad of Buying and Selling (Bai’), Rescheduling, Restructuring and Refinancingof Islamic Facilities. Illustration of Rescheduling a BBA Facility. Refinancing and Restructuring of Syndicated .Facilities. Refinancing and Restructuring of Islamic Bonds. Restructure of Islamic Bonds into Equity Instruments

Hands On Case Studies

  • Rescheduling a defaulted Islamic Debt Facility .
  • Rescheduling Tranche One of a Three Tranche Islamic Bond restructure.    Original Akad based on one  indivisible Asset
  • Preparing a Section 176 Syariah Compliant Proposal for consideration of  1) Islamic BBA Financiers 2) IMTN Investors  within context of a Section 176 Scheme of Arrangement Explanatory Statement that covers both conventional and Islamic Facilities. Recomputed Debt. Conditional Waiver and Haircut. Clawback to Scheme Debt. Extension of tenor. Syariah issues and solutions.
  • Legal documents and role of trustee.

 Overview of  Sukuk meltdown. Legal risks supersedes credit risks .Multiple jurisdictions. English Law vs Sharia Law. In bankruptcies are Sukukholders owners of Sukuk Assets or mere Creditors? Legal framework and international legislative infrastructure long overdue.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   DATE

 

14th October 2009

 

 

   VENUE

 

Grand Seasons Hotel, Kuala Lumpur

 

 

 

 

 

   ORGANISED BY

 

 

 

Muamalah Financial Consulting Sdn. Bhd

17-1, First Floor, D’Bayu,Jln Serambi U8/24,

Bukit Jelutong, 40150 Shah Alam, Selangor

Tel: 012 212 5405  Fax: 03-78473214

Email : muamalah_consulting@hotmail.com

Website http://muamalahconsulting.tripod.com

 

 

 

 

 


THE PROGRAMME

 

This Course will provide a solid grounding in Islamic Financing and Sukuk Restructure. From basic principles of refinancing and restructuring, hands on case studies will bring participants to the more intricate and complex restructuirng, culminating in a detailed examination of a Section 176 restructuring for an Islamic debt facility, and for an Islamic Medium Term Notes Issuance

 

THE PARTICIPANTS

  • Follow up and Supervison, Restructuring Depts of  Banks and financial institutions.
  • 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
  • Investment Advisers, Analysts, Researchers, Venture Capitalists, Fund Managers, Dealers, Remisiers, Asset Managers.
  • 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.

THE ORGANIZER

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

INVESTMENT

RM1050 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

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.

CANCELLATION & TRANSFER

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.

 SPEAKER’S PROFILE

 

 

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. In 2006 he left for Riyadh to assume position as Sukuk and Islamic Investment Banking Consultant to Saudi Arabia’s Bank AlBilad. In April 2009 he returned to Malaysia to resume his consultancy work at Muamalah Financial Consultng.

 

 

 

Bank Islam Malaysia Bhd., Bank Muamalat Malaysia Bhd., Bank Negara Malaysia, Securities Commission of Malaysia, Bursa Malaysia, Islamic Banking and Finance Institute of Malaysia, Labuan Offshore Financial Services Authority. Islamic Bank of Brunei, Islamic Development Bank of Brunei, Shell Malaysia, Monetary Authority of Singapore, Majlis Ugama Islam Singapura, Lembaga Tabung Haji, Yayasan Sarawak, Sarawak SEDC, Kuching Water Board, CMS Trust Management Bhd, Permodalan ASSAR Bhd, RHB Bank Bhd, RHB Sakura Merchant Bankers Bhd, HLG Securities Sdn. Bhd., Shearn Delamore & Co., Southern Bank Berhad, MAA Corporate Advisory Sdn. Bhd., Ain Medicare Sdn. Bhd., Tenunan Budi Sdn. Bhd., Affin Discount Bhd., Bimsec Asset Management Sdn. Bhd., Leader Universal Holdings Berhad., Albar & Partners, A.B. Sidek & Co., Lembaga Tabung Haji, Air Kelantan Sdn. Bhd, Offshore Works Sdn. Bhd., KM Chye & Murad, Alliance Merchant Bank Bhd., Ingress Corporation Bhd., Ranhill Utilities Bhd., Affin Bank Bhd., Abdullah Abdul Rahman & Co., Nik Hisham, Ainul Azam & Fakihah, Hisham Sobri & Kadir, Raslan Loong, Zain & Co., Kumpulan Prasarana Rakyat Johor Sdn. Bhd., CIMB, Ambank Islamic Banking Division, Pacific Alliance Capital Sdn Bhd, Wong & Partners, RHB Securities Sdn Bhd, Standard London (Asia) Sdn Bhd, JPMorgan (M) Sdn Bhd, Commerce Asset Fund Managers Sdn Bhd, Bumiwerks Capital Management Sdn Bhd, PricewaterhouseCoopers, Azmi Ali & Associates, Hong Leong Bank Bhd, Phillip Capital Management Sdn Bhd, Nomura Advisory Services (M) Sdn Bhd, Ghazi & Lim, JMF Asset Management Sdn Bhd, BIMB Securities Sdn Bhd, KAF-Seagroatt & Campbell Securities Sdn Bhd, Mayban Discount Bhd, RHB Asset Management Sdn Bhd, HSBC Bank (M) Bhd, TAMCO Corporate Holdings Bhd, SBB Securities Sdn Bhd, Nam Fatt Corporation Bhd, Lee Choon Wan & Co, Bank Kerjasama Rakyat (M) Bhd, Brunei LNG, Malaysian Resources Corporation Bhd, JF APEX Securities Bhd, Abrar Discounts Bhd, Redmax Sdn Bhd, BIMB Unit Trust Management Sdn Bhd, Ambank Group, Lityan Systems Sdn Bhd, Pheim Asset Management Sdn Bhd, Perkasa Normandy Holdings Sdn Bhd, Amanah SSCM Asset Management  Sdn Bhd, OCBC Bank (M) Bhd., Raja Darry & Loh, Telekom Malaysia Bhd, Ranhill Bhd, Felcra Bhd, HLG Unit Trust Bhd, HLG Asset Management Bhd, Malakoff Bhd, Ayer Hitam Planting Syndicate Bhd, SBB Mutual Bhd, Asiatic Development Bhd, Amfutures Sdn Bhd, K&N Kenanga Holdings Bhd, KL City Securities Sdn Bhd, Mayban Ventures Sdn Bhd, Shell Gas & Power (Singapore), SHH Resources Holdings Bhd, Affin Fund Management Sdn Bhd, KAF Discount Bhd, K&N Kenanga Bhd, Avenue Securities Sdn Bhd, CIMB Securities Sdn Bhd, ECM Libra Securities Sdn Bhd, Hwang-DBS Securities Sdn Bhd, Inter-Pacific Securities Sdn Bhd, Malacca Securities Sdn Bhd, Mohaiyani Securities Sdn Bhd, OSK Securities Sdn Bhd, PM Securities Sdn Bhd, PB Securities Sdn Bhd, Berjaya Group Bhd, Pengurusan Danaharta Nasional Bhd, Saujana Consolidated Bhd, MIDF Bhd, Hap Seng Consolidated Bhd, Mayban Securities Sdn Bhd, Mayban Investment Management Sdn Bhd Eng Teknologi Holdings Bhd, Dunham-Bush (M) Bhd, BH Global Advisers Sdn Bhd, OSK Securities Bhd, HSBC Asset Management Spore Ltd, OCBC Asset Management Ltd, Ong First Pte Ltd, ST Asset Management Pte Ltd

 

Organisations Which Have Sent Participants To Our Previous Courses/ Seminars/ Workshops:

 

THE PROGRAMME

8.30 am - Registration

 

 

 

9.00 am – 10.30 am

Introducing Islamic Financing Concepts

Debt Financing

Detailed explanation about the concepts of Debt Financing – Bai Bithaman Ajil, Bai Muajjal, Murabahah, Istisna’, Ijarah Muntahiah Bit-Tamlik , Salam, Inah, Qardhul Hasan.

Equity Financing

Detailed explanation about the concepts of Equity Financing – Mudharabah & Musyarakah., Musyarakah Muttanaqissah

Other Islamic Financing Concepts

Detailed explanation about other concepts – Wakalah, Kafalah, Sarf, Wadiah, Rahn, Bai’, Dayn, Muzayadah, Hibah, Ibra’/ Muqassah, Ittifaq Dhimni, Sukuk, Sanadat, Ujr, Tawarruq. Introduction to Islamic Capital Market

Definition of Islamic Capital Market

Riba’, Maisir and Gharar as prohibited elements

Islamic Financial Services Industry

International Supervisory Organisations

Definition of Islamic Financial System,

Definition, Sources, Objectives and General Legal

Maxim of Sharia

Basics of Sukuk

  .Definition of Sukuk, Differences with Conventional Bond, Uqud Ishtirak, Uqud Mu’awadhat, Sukuk Ijara, Sukuk Musharaka,Sovereign Sukuk and Asset Based Sukuk

10.30 am – 10.45 am - Morning Break

10.45 am – 1.00 pm

Principles of Rescheduling, Restructuring and Refinancing of Islamic Facilities

Review of ‘akad of Buying and Selling (Bai’),Rescheduling, Restructuring and Refinancingof Islamic Facilities. Illustration of Rescheduling a BBA Facility. Refinancing and Restructuring of Syndicated .Facilities. Refinancing and Restructuring of Islamic Bonds. Restructure of Islamic Bonds into Equity Instruments

Case Study One  -

Rescheduling a defaulted Islamic Debt Facility

 

Case Study Two

Rescheduling Tranche One of a Three Tranche Islamic Bond restructure. Original Akad based on one  indivisible Asset

1.00 pm – 2.00 pm – Lunch

 

2.00 pm - 3.15 pm  

 

Case Study Three –

 

Preparing a Syariah Compliant Proposal for consideration of Islamic BBA Financiers within context of a Section 176 Scheme of Arrangement Explanatory Statement that covers both conventional and Islamic Facilities. The Scheme of Arrangement stipulates a ‘principal” amount at a certain date to which a formula will be applied to arrive at a Recomputed Debt. The formula include inter-alia a conditional waiver or haircut premised on compliance with new scheme failing which a full claw back to Scheme Debt is stipulated. Extension of tenor and rescheduled servicing dates. Syariah Issues and solutions. Legal documents and role of trustee.

 

 

 

 

 

3.15 – 3.30 – Afternoon Break

 

3.30 – 5.00 pm

 

Case Study Four

Preparing a Syariah Compliant Proposal for consideration of Islamic Medium Term Notes (IMTN) Investors within context of a Section 176 Scheme of Arrangement Explanatory Statement that covers both conventional and Islamic Securities Issuances. The Scheme of Arrangement stipulates a ‘principal” amount at a certain date to which a formula will be applied to arrive at a Recomputed Debt. The formula include inter-alia a conditional waiver or haircut premised on compliance with new scheme failing which a full claw back to Scheme Debt is stipulated. Extension of tenor and rescheduled servicing dates. Syariah Issues and solutions.  Legal documents and role of trustee

 

Sukuk Meltdown

 

Legal risks supersedes credit risks .Multiple jurisdictions. English Law vs Sharia Law. In bankruptcies are Sukukholders owners of Sukuk Assets or mere Creditors? Legal framework and international legislative infrastructure long overdue

5.00 pm – End

 

 

                                                   

 

 

 

                                                  REGISTRATION FORM

                                 ISLAMIC FINANCING RESTRUCTURE WORKSHOP

(14th October 2009)

(Grand Seasons Hotel, Kuala Lumpur)

                                                                     

Register now – Enrolment is based on “First Come First Served Basis”. Complete and Return the Registration Form to:

 

Address

 

Muamalah Financial Consulting Sdn Bhd

17-1, First Floor,D’Bayu, Jalan Serambi U8/21,

Bukit Jelutong, 40150 Shah Alam, Selangor

 

 

Telephone

 

012 212 5405

Fax

03-78473214

 

E-mail

 

muamalah_consulting@hotmail.com

 

http://muamalahconsulting.tripod.com

 

 

PERSONAL DETAILS

 

No

Details of Participants

 

Fee (“RM”)

1.

Name:

Designation: 

 

 

NRIC:

 

1050.00

2.

Name            :

Designation  :

 

 

 

NRIC:

 

3.

Name            :

Designation  :

 

 

 

NRIC:

 

4.

Name            :

Designation  ::

 

 

NRIC:

 

 

(Photocopy the form for additional participants)

                                     Gross Total

 

 

 

Less (Discount)

 

 

 

Net Total

 

 

Company’s name :

Tel no.                     :

Fax No.                 :

Person In charge :

Address                :

 

 

 

 

Payment Details: I have read and understood the booking terms and conditions. Please register the abovenamed participants and enclosed please find the required fee.

 

Authorised Signatory signature:  

Name                                        :                                  

Designation                               :

Date                                          :

THE PROGRAMME

8.30 am - Registration

 

 

 

9.00 am – 10.30 am

Introducing Islamic Financing Concepts

Debt Financing

Detailed explanation about the concepts of Debt Financing – Bai Bithaman Ajil, Bai Muajjal, Murabahah, Istisna’, Ijarah Muntahiah Bit-Tamlik , Salam, Inah, Qardhul Hasan.

Equity Financing

Detailed explanation about the concepts of Equity Financing – Mudharabah & Musyarakah., Musyarakah Muttanaqissah

Other Islamic Financing Concepts

Detailed explanation about other concepts – Wakalah, Kafalah, Sarf, Wadiah, Rahn, Bai’, Dayn, Muzayadah, Hibah, Ibra’/ Muqassah, Ittifaq Dhimni, Sukuk, Sanadat, Ujr, Tawarruq. Introduction to Islamic Capital Market

Definition of Islamic Capital Market

Riba’, Maisir and Gharar as prohibited elements

Islamic Financial Services Industry

International Supervisory Organisations

Definition of Islamic Financial System,

Definition, Sources, Objectives and General Legal

Maxim of Sharia

Basics of Sukuk

  .Definition of Sukuk, Differences with Conventional Bond, Uqud Ishtirak, Uqud Mu’awadhat, Sukuk Ijara, Sukuk Musharaka,Sovereign Sukuk and Asset Based Sukuk

10.30 am – 10.45 am - Morning Break

10.45 am – 1.00 pm

Principles of Rescheduling, Restructuring and Refinancing of Islamic Facilities

Review of ‘akad of Buying and Selling (Bai’),Rescheduling, Restructuring and Refinancingof Islamic Facilities. Illustration of Rescheduling a BBA Facility. Refinancing and Restructuring of Syndicated .Facilities. Refinancing and Restructuring of Islamic Bonds. Restructure of Islamic Bonds into Equity Instruments

Case Study One  -

Rescheduling a defaulted Islamic Debt Facility

 

Case Study Two

Rescheduling Tranche One of a Three Tranche Islamic Bond restructure. Original Akad based on one  indivisible Asset

1.00 pm – 2.00 pm – Lunch

 

2.00 pm - 3.15 pm  

 

Case Study Three –

 

Preparing a Syariah Compliant Proposal for consideration of Islamic BBA Financiers within context of a Section 176 Scheme of Arrangement Explanatory Statement that covers both conventional and Islamic Facilities. The Scheme of Arrangement stipulates a ‘principal” amount at a certain date to which a formula will be applied to arrive at a Recomputed Debt. The formula include inter-alia a conditional waiver or haircut premised on compliance with new scheme failing which a full claw back to Scheme Debt is stipulated. Extension of tenor and rescheduled servicing dates. Syariah Issues and solutions. Legal documents and role of trustee.

 

 

 

 

 

3.15 – 3.30 – Afternoon Break

 

3.30 – 5.00 pm

 

Case Study Four

Preparing a Syariah Compliant Proposal for consideration of Islamic Medium Term Notes (IMTN) Investors within context of a Section 176 Scheme of Arrangement Explanatory Statement that covers both conventional and Islamic Securities Issuances. The Scheme of Arrangement stipulates a ‘principal” amount at a certain date to which a formula will be applied to arrive at a Recomputed Debt. The formula include inter-alia a conditional waiver or haircut premised on compliance with new scheme failing which a full claw back to Scheme Debt is stipulated. Extension of tenor and rescheduled servicing dates. Syariah Issues and solutions.  Legal documents and role of trustee

 

Sukuk Meltdown

 

Legal risks supersedes credit risks .Multiple jurisdictions. English Law vs Sharia Law. In bankruptcies are Sukukholders owners of Sukuk Assets or mere Creditors? Legal framework and international legislative infrastructure long overdue

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 : muamalah_consulting@hotmail.com