One -day ICM Course Module

THE PROGRAMME

The 1-day Course will provide a solid grounding in concepts and principles leading to enhanced appreciation of the latest developments in the Islamic Capital Market. Practical examples and interactive sessions will reinforce the participants understanding of Islamic Bonds. Each participant will take back an Islamic Bond Kit for future work or study reference.

THE PARTICIPANTS

q Remisiers/Officers/Managers of Stock Broking Houses, Asset Management Companies and Investment Advisory Companies and Unit Trusts;

q Directors of Listed/Unlisted Companies;

q Managers/Officers of Corporate Organizations and Government Departments;

q Islamic Banking Officers/Managers;

q Legal Practitioners;

q Consultants and Researchers;

q Insurers/Investment Bankers/Merchant Bankers;

q Academicians/Accountants/Auditors; and

q Individuals/Entrepreneurs.

THE ORGANIZER

Muamalah Financial Consulting Sdn Bhd is a Securities Commission approved Syariah Adviser for Islamic Bond Issuances. To date Muamalah Financial Consulting Sdn Bhd have been appointed Syariah Adviser for the following Islamic Bond Issues:

RM920 million Islamic Bond for KL Sentral Sdn Bhd; RM1.1 billion Islamic Bond for Binariang Satellite Systems Sdn Bhd; RM1.515 billion Islamic Bond for Teknologi Tenaga Perlis Consortium Sdn Bhd. and RM1.5 billion Islamic Bond for Tenaga Nasional Berhad. RM100 million Islamic Bond for Redmax Sdn Bhd

INVESTMENT

Asean Residents-RM950 per participant. Non-Asean Residents-Euro 950 per participant

Fee is inclusive of lunch, refreshments and Course materials but does not include hotel accomodation.

Organizations, which sends 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 draft/bank transfer payable to Muamalah Financial Consulting Sdn Bhd.

Receipt will be issued upon receipt of payment. All payment to be paid upon booking in order to confirm places and in any case not later than one week before Course date.

CANCELLATION & TRANSFER

A replacement is allowed should a participant is unable to attend. For cancellation received in writing at least 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

Muhammad Zahid Abdul Aziz

Director, Muamalah Financial Consulting Sdn Bhd.

SPEAKER PROFILE

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.

THE PROGRAMME

Registration 8.30 am

Course starts at 9am and ends at 5pm

What is an Islamic Bond?

1. Underlying Islamic Financing Facilities for Islamic Bond Issuance.

-    Islamic Syndications

-    Islamic Facilities and the Internal Rate of Return

-    Islamic Bond Issuance

-    Bai’ Bithaman Ajil (“BBA”)/ Istisna’ Bond Issuance

-    Sukuk Ijarah

-    Ijarah Musyarakah Structure

-    Ijarah Muntahiah Bit-Tamlik

Morning Break

2. Principal Features of Islamic Bonds and

    its Latest Development.

- Principal features of Baids

- Principal features of MUNIF

- Principal features of IMTN’s

- Principal features of Musyarakah/ Mudharabah Bonds

- 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.

Lunch

Issuing an Islamic Bond

1.Islamic Bond Issuance from the Issuer’s Perspective.

- Eligibility of projects for Islamic Bond

   Financing.

-    Basic criteria for companies to be eligible to issue Islamic Bonds.

-    The Rating Process and Significance of Ratings.

-    The Issuance Procedure/ Requirements.

-    Advisors / Consultants.

-    Detailed Costs Breakdown.

-    Pricing – Islamic Bonds vs. Conventional Bonds

-    Period taken and timetable to Financial Close.

-    Accounting entries for Islamic Bonds.

Afternoon Break

2. Understanding Bond Legal

     Documentation

q BAIDS – Salient Points

      Asset Purchase Agreement, Asset Sale Agreement, Notes Issuance Facility Agreement, Agency Agreement.

q MUNIF/IMTN – Salient Points

MUNIF/IMTN Facility Agreement Schedule to Agreement – Issue Request, Invitation and Tender, Tender, Acceptance of Tender, Resale, Tender Panel Agreement, Trust Deed.

q Highlights of special Syariah requirements in Bond Legal Documentation.

3. Complying with Securities

    Commission’s Guidelines on Islamic

    Securities.

Concepts, structure, term sheet, legal documentation, Administrative and Operational procedure and Documents. Eligibility of transacted asset/project

End

PAST PARTICIPANTS FEEDBACK

“Very informative and detailed discussions. Speaker obviously very qualified for the topics covered

combining real working experience with academic theories.” Fiza Mohd, Senior Adviser, Shell Malaysia

“Excellent” Najib Shaharuddin, C.E.O., Bank Islam (Labuan) Ltd.

“ Comprehensive information. It is a good Workshop for the company which needs financing and also the

   company which has _excess funds to invest in bond products.” Roslan Ismail, Chief Dealer, Bank Islam

   Malaysia Bhd.

“Excellent walk through of practical concepts and issues.” Mansuriatus Shahrir, Deputy General Manager,

Ingress Corporation Bhd.

“Very informative and enlightening with regards to the Islamic Capital Market.” Wan Annuar Abu Kassim,

Senior Vice President, Affin Bank

“The Workshop was well presented and the contents were also suitable to us. The Speaker well versed with

the subject.” Awang Haji Ya’akub Hj Mohd Tahir, Head of Core Banking, Islamic Bank of Brunei

“Very useful, full of information and very relevant to Investment Bankers.” Affandi Yaakob, Manager, Bank

Muamalat Malaysia Berhad.

“Informative, enriching and useful to all segments of participants. I don’t think any participant will feel

cheated.” Tg. Saiful Adli Tg. Nizam, Legal Assistant, Hisham Sobri & Kadir:

“I find the Workshop very helpful. It has given me a better insight into Islamic Financing and opens a wider

door for me to work on.” Mohamed Ali Ghazali, Senior Manager, HLG Securities Sdn. Bhd.

“ A well rounded Workshop by a knowledgeable person. Clarity of presentation and a well prepared

   manual helped us a lot in following through the sessions.” Abdul Aziz Shikh Said, C.E.O., Tenunan

   Budi Sdn. Bhd.

“The case studies prepared are good and the sample answers provided are very helpful for future

   reference.” Nor Fazleen Zakaria, Deputy Manager, Alliance Merchant Bank Bhd.

“Very focused and organized presentation flow.” Shamsun Anwar Hussein, Manager, Bank Islam, Malaysia Berhad

“A well presented deliberation on the subject matters.” Muhizan Yahaya, Vice President, Affin Bank Berhad

“The Course Material is comprehensive and informative.” Siti Mariam Abdul Mutalib, Senior Executive, Bank

Negara Malaysia

“Overall, it is an excellent Course.” Mustakim Mat Nun, Senior Manager, Bank Muamalat

“A very comprehensive Workshop which gives a good exposure to those who wants to grasp the basic

principles of the Islamic Capital market.” Nik Hasfizul Hassan, Senior Manager, Ain Medicare Sdn Bhd.

“I like the fact that the Speaker took the time to run through the basics and cleverly blended the basics with the

advanced staff as the Workshop progress. I would definitely recommend others to attend the Workshop.” Hjh

Amanda Pd Haji Abas, Legal Officer, Islamic Bank of Brunei

“Very good Course for Capital Market players wanting to understand the Islamic Capital Market. Very

knowledgeable speaker who is able to part a complex subject to a simple understanding.” Abdul Wahid Jantan,

Head of Group Relations, Bank Islam Malaysia Bhd.

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



Bank Islam Malaysia Bhd., Bank Muamalat Malaysia Bhd., Bank Negara Malaysia, Securities Commission of Malaysia, Islamic Banking and Finance Institute of Malaysia, Islamic Bank of Brunei, Shell Malaysia, 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.

REGISTRATION FORM

ISLAMIC BONDS AND THE ISLAMIC CAPITAL MARKET COURSE

                                                  (Date:                      Location:                     )

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

Address

Muamalah Financial Consulting Sdn Bhd

Block B Unit B-6-7, Megan Phileo Avenue

12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur

Telephone

03-21618444

03-21618446

03-21618448

Fax

03-21618445

(Cik Intan Muhaiza,

En. Mustafa)

E-mail

muamalahconsulting@gmail.com

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