qApplication to Corporate Requirements –Project Financing, Working
Capital, Asset Acquisition, Syndications and Share Financing
qMudharabah and Musyarakah as alternatives to traditional
Corporate Financing
ISLAMIC LEGAL DOCUMENTATION
byMuhammad Zahid Abdul Aziz , Director, Muamalah Financial Consulting Sdn Bhd
Led by a renowned pioneer in Islamic Corporate Banking and Islamic Bonds. Examination of establishedprecedent documents
Islamic FacilityLegal documents for Project Financing, Asset Acquisition, Working Capital,
Bridging & End financing and Syndications under principles of Bai Bithaman Ajil, Istisna’, Murabahah, Ijarah, Inah,
Ijarah Muntahiah Bit-Tamlik, Wakalah, Musyarakah & Mudharabah.
Islamic Security Documents covering Specific Charges, Debentures, Memorandum of Deposits, Joint and Several Guarantees of Directors, Corporate
Guarantees, Trust Deeds, Agency Agreements, Security Sharing Agreement, Application of Proceeds clauses.
Highlights of Special Syariah Requirements in Islamic Financing Documents – Why and what are Financing
Payable Accounts, and Notional Marginal Deposit Accounts? Ta’widh, Protection of Akad clauses, Which are Akad clauses?
Avoid drafting the conditional sale, Where to place conditions precedents clause, where to place Redemption and Ibra’
clauses? When do titles passed? Affirmative akad clauses, Special requirements of Murabahah akad. Under Islamic Banking Act
and BAFIA as amended for Islamic Financial Business, complying with Syariah is a legal
requirement. Avoid common pitfallsDraft the Syariah Compliant Document.
THE PROGRAMME
This 1-day Course, will provide a solid grounding in Islamic Corporate Financing and the Syariah
Compliant Islamic Corporate FinancingLegalDocuments. Drawn from Speakers’ combined experience of over 20 years in Islamic Banking and Finance. Case studies,
live examples and interactive sessions will reinforce the Participants understanding of Islamic Corporate Financing and its
Associated Legal Documents.
THE PARTICIPANTS
All Legal Practitioners, Islamic
Banking Panel Lawyers, AllLegal Departments of Banks, Corporates
and Govt Agencies
Corporate Banking Personnels
Corporate Finance Personnels
General Managers/Managers/ Officers of Corporate Organizations,SEDC’s, State Agencies, Departments and Corporations;
Directors of Listed/ Unlisted Companies
Academics Consultants and Researchers
Islamic Banking Officers/ Managers
Investment Bankers / Merchant Bankers;
Accountants / Auditors; and
Individuals / Entrepreneurs.
All who are interested in drafting Syariah compliant legal
documents
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 BankBhdIn-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
BursaMalaysia Bhd
INVESTMENT
RM550 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.
SPEAKERS’
PROFILE
Mustafa Omar
Associate
Director, Muamalah Financial Consulting Sdn Bhd.
Mustafa Omar, holds a Bachelor’s Degree in Business Administration (Second Class Upper) from the International
Islamic University Malaysia. He is a very
experienced Islamic Corporate Banker having spent 7 years in the Corporate Banking Division of Bank Islam Malaysia Berhad,
prior to joining Muamalah Financial Consulting. His experiences include Credit Processing for Corporate Financing requirements
of clients covering Project Financing, Working Capital Financing, Leasing and Asset Acquisition using various types of Islamic
Financing products including Musyarakah and Mudharabah. He was also responsible for arranging major financing under club-deals
and syndications. Part of his job included advising customers on cash flow projections and appropriate financing structure
to meet their needs. He is a regular lecturer at Islamic Banking Courses and Seminars in Malaysia. Internationally, he has lectured on training courses for the Islamic
Bank of Brunei.
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.
THE ONE-DAY PROGRAMME
8.30 am - Registration
ISLAMIC CORPORATE FINANCING
9.00 am
– 10.30 am
Overview of Islamic ofFinancing Concepts
Debt Financing
Detailed explanation
about the concepts of Debt Financing – BBA, Murabahah, Istisna’, Ijarah Muntahiah Bit-Tamlik (“IMBT”),
Salam, Inah, Qardhul Hasan.
Equity Financing
Detailed explanation about the concepts of Equity Financing – Mudharabah & Musyarakah.
How These Concepts Are Used In Islamic Corporate Financing
Application to Corporate Requirements – Project Financing, Working capital financing, retail
financing, syndication, consumer financing and personal financing.
Applications of Musyarakah & Mudharabah principles in share & project financing
qCase study in Share financing;
qCase study in Project financing;
qOther case study.
Note: Please bring along Calculator.
1.00
pm – 2.00 pm – Lunch
ISLAMIC LEGAL DOCUMENTS
2.00 pm - 3.15 pm
Overview of Islamic
Financing Legislations
Being Islamic in a civil law environment
Contradicting Syariah contradicts Islamic Banking Act and BAFIA as amended for
Islamic Banking. Complying with Syariah is required by law
Examination and
summary of precedentfacility documentation
For IslamicProject Financing, Asset
Acquisition, Working Capital Facilities, Bridging & End Finance and Syndications under concepts of BBA, Istisna’,
Murabahah, Ijarah. Inah, Ijarah Muntahiah bit-Tamlik, Wakalah, Musyarakah and Mudharabah
3.15 –
3.30 – Afternoon Break
3.30 –
5.00 pm
Examination and summary of precedentsecurity
documentation
Syariah compliant
Specific Charges, Debentures, Memorandum of Deposit, Joint and Several Guarantees of Directors, Corporate Guarantees, Trust
Deeds, Agency Agreements, Security Sharing Agreement, Application of Proceeds clauses. Avoidance of interest clauses.
Special
Syariah Requirements in Islamic Financing Documents
Why and what are Financing Payable Accounts, and Notional Marginal Deposit Accounts?, Ta’widh, Which are
the Akad clauses? Protecting the Akad clauses, Avoiding drafting a conditional sale, Where to place conditions precedents
clause, where to place Redemption and Ibra’ clauses When do titles passed? Affirmative Akad clauses Special requirements
of Murabahah akad.
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