Bringing Islamic Financing To Your Doorstep

Internationally located Courses ( speaking for Redmoney)
Home
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
3 DAY COURSE KUCHING AUG 09
Islamic Financing Restructure Workshop
Writings on the Wall
Will the real Islamic finance please stand up.
Expatriate Anecdotes
SPECIAL 2 DAY COURSE IN AUGUST ONLY
2-day Islamic Bond & ICM Workshop
Kursus Pentadbiran Harta Secara Islam
About Us
Services Provided
Our Clients
Course Participants
Syariah Advisory
One-day ICM Course Module
One-day ICF Course Module
Islamic Corporate Financing & Islamic Legal Documentation
ISLAMIC ASSET BACKED SECURITISATION
Muamalah Course dates
Courses Brochure
Syariah Broking and Modules of other Courses
Muamalah Soft Skills

ISLAMIC CAPITAL MARKETS: SUKUK & EQUITY
INSTRUMENTS
26th – 28th July 2010
THE RIZQUN INTERNATIONAL HOTEL
BRUNEI



 

The Ministry of Finance Brunei announced the successful pricing for its issuances of short-term Sukuk Al-Ijarah securities in April. This indicates the growing demand from Muslim consumers and investors for Shariah-compliant investments and financial services.

   

This three-day comprehensive course aims to help you with the following:

  • Provide an understanding of Sukuk products and markets, focusing specifically on origination and structure
    • Explore all varieties of international Sukuk
    • Examine the latest Sukuk rulings and provide an overview of the issues involved in Sukuk defaults
  • Examine the concepts and principles of Islamic equity markets and products, and Shariah compliant broking
    • Address the commercial issues of Islamic margin financing and new Islamic products such as Islamic exchange traded funds and REITs
   
 
 

 

Your Course Director
Muhammad Zahid Abdul Aziz

Zahid is the ex-head of investment banking and Sukuk origination, Al Bilad Investment Saudi.
He also pioneered and helped develop Islamic corporate banking specializing in Islamic syndications and Sukuk while in Bank Islam Malaysia (1990).
He was part of the Bank Islam Malaysia team that transacted the KLIA RM4.4billion Malaysian Sukuk in 1996.


To speak to one of our representatives, please call us at +603 2162 7800

For enquiries from Malaysia:
Indran Pannerselvam
Phone +603 2162 7800 ext 25
Indran.Panneerselvem@REDmoneygroup.com

For enquiries from Gulf countries:
Hatem Almasri
Phone +603 2162 7800 ext 31
Hatem.Almasri@REDmoneygroup.com

For all other enquiries:
Cleo King
Phone +603 2162 7800 ext  28
Cleo.King@REDmoneygroup.com

Mahfuzah Mahamud
Phone +603 2162 7800 ext 59
Mahfuzah.Mahamud@REDmoneygroup.com

For administrative enquiries, please contact Ms Subashini Jaganathan at +603 2162 7800 ext 32 or email
Subashini.Jaganathan@REDmoneygroup.com

 


To unsubscribe click here

 

ISLAMIC CAPITAL MARKETS: SUKUK & EQUITY
INSTRUMENTS
26th – 28th July 2010
THE RIZQUN INTERNATIONAL HOTEL
BRUNEI

 

 

 

trainingIslamic Capital Markets

& Sukuk Instruments

Expert Course Director:

Muhammad Zahid Abdul Aziz

Former head of investment banking & Sukuk origination,

Al Bilad Investment Company, Riyadh

The Fundamentals of Shariah for Islamic Finance Practitioners

Key Financing Concepts: Debt & Equity Products

Latest Developments in Sukuk structures

Aqad, or Contracts, for Islamic Financial Market Transactions

The position of the Industry Bodies relevant to Sukuk Instruments

The Issue of Defaults

15th - 17th March 2010, Seoul

Visit www.IslamicFinanceTraining.com today or call +603 2162 7800 for more information

Course Introduction

Sukuk is emerging in Korea, as it is in Asia in general, as an increasingly important asset class and one that financiers need to be familiar with. Sukuk products have a number of important objectives: to offer a mechanism for the sharing of profits from a project or asset; to enable organizations to raise capital in a Shariah-compliant fashion; and to expand the investor bases for issuers and offering investment opportunities to new groups.

Considering their infancy, Sukuk may be structured in a number of increasingly complex ways. Indeed, new products are being continuously developed and further innovation is underway as Sukuk become more widely accepted and mainstream. Challenges, however, remain: issues concerning ratings, liquidity, Shariah, standardization, taxation, product acceptability and documentation all combine to ensure the development of Sukuk instruments is no straightforward task. Further complications have recently arisen due to a number of high profile defaults in the GCC. What have these events taught us about future Sukuk issuances and structures?

This new 3-day course has been tailored to address issues relevant to the fledgling South Korean Islamic finance market. The program will examine product structures in detail, and will focus in particular on Murabahah and Ijarah based transactions. Also covered will be taxation and legal/documentation issues and many important points and concepts will be illustrated through real-life industry case studies. The course will present the position of important industry bodies, such as the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) relevant to Sukuk instruments, and how to ensure Shariah compliance.

Who Should Attend

• Islamic Bankers

• Corporate Financiers

• Investment Bankers

• Corporate and Commercial Bankers

• Private Bankers

• Analysts

• Portfolio Managers

• Consultants & Lawyers

• Investment Advisors

• Regulators

• Government representatives

Expert Course Director

Muhammad Zahid Abdul Aziz holds a Bachelors Degree in Economics from University of Exeter, United Kingdom. After graduation he joined an international accounting firm in London. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He then joined Bank Islam Malaysia in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Sukuk Issuance. Whilst at Bank Islam Zahid worked as part of the team that transacted the KLIA RM4.4 billion Malaysian Sukuk in 1996, a benchmark issue. Zahid left Bank Islam in September 2000 to form a financial and Shariah consultancy, based in Kuala Lumpur.

Between July 2006 and March 2009 Zahid was based in Riyadh as head of investment banking & Sukuk origination for Al Bilad Investment Company Ltd, a CMA licensed wholly owned subsidiary of Saudi Arabia’s Bank Al Bilad. In April 2009 he returned to Malaysia to resume his position as a financial consultant.

Course Agenda

Day One

Introduction & Welcome

Fundamentals of Shariah for Islamic Finance Practitioners

• Sources of Shariah

• Objectives of Shariah

• Operative legal maxims

• Definition of assets in Shariah

• Rules of ownership in Shariah

• Essentials of Shariah compliant contracts

• Prohibited elements in Shariah: Riba, Maysir,

Gharar, Haram products and activities

Introduction to the Islamic Capital Market

Overview of Islamic of Financing Concepts

Debt Financing

A detailed explanation about the concepts of Islamic Debt Financing:

• Bai Muajjal

• Murabahah

• Istisna

• Ijarah Muntahia Bitamleek

• Salam

• Qard Hassan

Equity Financing

A detailed explanation about the concepts of Islamic Equity Financing:

• Mudarabah and Musharakah

• Musharakah Mutanaqissah

Other Islamic Financing Concepts

A detailed explanation about other Islamic financing concepts:

• Wakalah

• Kafalah

• Sarf

• Wadiah

• Rahn

• Bai

• Dayn

• Muzaiyadah

• Hibah

• Ibra’/Muqassah

• Ittifaq Dhimni

• Sukuk

• Sanadat

• Ujr

End of Day One

Day Two

Principal Features of Asset Based Sukuk and its Latest Developments

• Principal features of Murabahah Sukuk

• Principal features of Murabahah commercial papers

• Principal features of Murabahah Medium

Term Notes

• Principal features of Musharakah/Mudarabah bonds

Principal Features and Latest Developments of Middle Eastern Sukuk Transactions

The following examples will be demonstrated using case studies and discussions of actual transactions.

Sukuk Ijarah

Detailed analysis of the transaction structure

Sovereign Sukuk Ijarah

Detailed analysis of Ijarah-based structure, term sheet and outline of the legal documentation

Investment Dar Sukuk Musharakah

Detailed analysis of the transaction structure

SABIC/SEC Saudi Sukuk

Detailed analysis of the transaction structure and term sheet

Case Study: IDB Sukuk Istithmar

Detailed analysis of the transaction structure

End of Day Two

Case Study One – Computing Face Values of Secondary & Primary Notes of Asset Based Sukuk

Case Study Two – Designing Term Sheet of Sukuk Murabahah

Day Three

Principal Features and Latest Developments of Sukuk Transactions (continued…)

Paka Capital Exchangeable Sukuk

Detailed analysis of structure, term sheet and outline of the legal documentation

Dar – Al Arkan Saudi Sukuk

Detailed analysis of structure, term sheet and outline of the legal documentation

Basics of Shariah Requirements in Islamic Legal Documentation

Overview of Islamic Financing Legislations

• Being Shariah compliant in a civil law environment

Shariah Requirements in Islamic Financing Documents and Aqad (Contracts)

• Why and what are financing payable accounts and

notional marginal deposit accounts?

• Ta’widh - which are the Aqad clauses? Taking steps to

ensure protection of these

• Avoiding drafting a conditional sale

• Where to place conditions precedents clauses

• Where to place redemption and Ibra’ clauses

• Affirmative Aqad clauses

• Special requirements of Murabahah Aqad

Rulings on Sukuk Instruments and the Issue of Default

• AAOIFI Sukuk rulings

• OIC Fiqh Academy rulings

• Overview and management of international

Sukuk defaults

• Examination of the Tamweel Sukuk & East Cameron Sukuk

Course Conclusion

Case Study Three – Designing the Classical (AAOIFI compliant) Musharakah Sukuk

Structure, term sheet & legal documentation

 

Islamic Capital Markets & Sukuk Instruments

15th - 17th March, SEOUL

1. NUMBER OF DELEGATES & DISCOUNT

The pricing for this course is as follows:

I am booking:

Register Before 15th February

Register After 15th February

1 delegate

US$2,500 SAVE US$150

US$2,650

2 delegates

US$4,670 SAVE US$320

US$5,050 SAVE US$250

□ 3 delegates

US$6,820 SAVE US$670

US$7,430 SAVE US$510

4 delegates

US$9,650 SAVE US$2,850

US$10,600 SAVE US$2,650

5 delegates

*Send 4 delegates and the 5th attends for free

Please note: A late booking fee of US$150 will be imposed on registration received within 14 days of the course start date.

Fees include training materials, refreshments and lunch. Accommodation is not included.

2. DELEGATE DETAILS

Name Job Title Email address Telephone

1 ___________________________________________ / ___________________________ / __________________________________ / _____________________

2 ___________________________________________ / ____________________________ / __________________________________ / _____________________3 ___________________________________________ / ___________________________ / __________________________________ / _____________________

4 ___________________________________________ / ___________________________ / __________________________________ / _____________________

5 ___________________________________________ / ___________________________ / __________________________________ / _____________________

3. WHO TO INVOICE AND CONTACT?

Please tell us who we should invoice. It is also helpful for us to have the name of an administrator with whom we can liaise directly.

Contact person for invoicing: ...…………………………………................... Job Title: ...…………………….......................................................................

Email: ...………………………………………......……............................... Tel: ..........………………….......................... Fax: ………………..............…....

Contact person to send administration details: ..........................................................................................................................................................

Job Title: ...………………………..............................................……....... Email: ...…………………….......................... Tel: .........…………………..........

Payment can be made by cheque or bank transfer. A notification will be sent to you once payment has been received.

I wish to pay by: Cheque/bankers draft Telegraphic transfer

Please note all telegraphic transfer fees are to be borne by the sponsoring organization.

Payment made by foreign cheque will be charged additional bank fees of 1% of the invoice amount.

4. APPROVING MANAGER

To process your registration we require the name and signature of a manager who is authorized by your organization to approve training expenditure.

Name: ..........………………………………………………………............ Job Title: ..........…………………………....………………………..........................…

Organization name: ..........……………………………………................… Email: ………………...................................... Tel: ...........……………………………

Authorizing signature…………………………………………………………………………………………….(mandatory)

Yes, I have read and understood the booking and cancellation policy below.

5. SEND US YOUR REGISTRATION!

By email: info@islamicfinancetraining.com By fax: +603 2162 7810

You may also book online at http://www.islamicfinancetraining.com

Please call us on: +603 2162 7800 or +603 2162 7802 if you require assistance.

Our address is: REDmoney, 21/F, Menara Park, 12 Jalan Yap Kwan Seng, Kuala Lumpur, 50450, Malaysia

Booking and Cancellation Policy important, please read carefully

By completing and sending us this registration form you are confirming delegate places on the course. If delegates cannot attend the course replacement participants are always welcome. Otherwise delegates must request in writing (letter, fax or email) to cancel registration/s or transfer to a different course at least 21 days before the course start date to be eligible for a refund, less a 5% administration fee. Delegates who cancel within 21 days of the course start date, or who do not attend, are liable to pay the full course fee and no refunds will be given. Instead fees will be converted to an Islamic Finance Training course voucher equivalent to the original fee, less a 15% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a course is postponed for whatever reason delegate bookings will be automatically transferred to the new course date. Delegates who wish to transfer to a different course will be subject to the same terms as above and charged the difference in course fees. No refunds or course vouchers will be issued for a no-show.

Islamic Finance Training reserves the right to amend the published program, dates or speaker. In the event of course cancellation by Islamic Finance Training due to unforeseen circumstances, Islamic Finance Training is liable only to refund the cost of the course.

Course Venue: Full details of the venue will be sent to you upon registration. IFT1026/ P

Enter supporting content here

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