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THREE DAY ISLAMIC CORPORATE FINANCING/LEGAL DOCUMENTS/ISLAMIC STOCKBROKING/SUKUK COURSE
By
Muamalah Financial Consulting Sdn Bhd,
the de facto Islamic Capital Market Trainer for Malaysia since 2000
DAY ONE 12 AUG 2009 – ISLAMIC CORPORATE FINANCING/ISLAMIC LEGAL DOCUMENTS
DAY TWO 13 AUG 2009 - SUKUK & ISLAMIC CAPITAL MARKET COURSE
DAY THREE 14 AUG 2009 ISLAMIC STOCKBROKING & EQUITY CAPITAL MARKET COURSE
Led by Muhammad Zahid Abdul Aziz renowned Islamic Capital
Market Consultant and Trainer, until recently a Riyadh based Sukuk/Islamic Investment Banking Consultant to a leading Middle
Eastern Islamic Bank. Islamic Corporate Banking Concepts incl Musyarakah Mutanaqissah/ Precedents for Legal Docs. Latest
developments in Sukuk including Sovereign& Exchangeable Sukuk/Insights into Middle Eastern Sukuk Structures incl Sukuk
Musharaka, Ijara, Istithmaar, Salam and Saudi Sukuk. Islamic REIT’s/ Islamic ETF’s/ Islamic Fund Management/ Islamic
Venture Capital. Essential knowledge for Syariah Compliance Officers. Latest Sukuk rulings by AAOFFI and Tawarruq rulings
by OIC Fiqh Academy in Jeddah.
Each Course carry 10 SIDC CPE Points.
COURSE FEES
DAY ONE ONLY – ISLAMIC CORPORATE FINANCING/LEGAL DOCS– RM 650/- PER PARTICIPANT
DAY TWO ONLY – SUKUK & ISLAMIC CAPITAL MARKET COURSE –RM1050 PER PARTICIPANT
DAY THREE ONLY – ISLAMIC STOCKBROKING AND EQUITY CAPITAL MARKET COURSE –RM650 PER PARTICIPANT
COMBINATION FEES
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COMBINATION |
FEES |
SAVINGS |
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ALL THREE DAYS |
RM2075 |
RM275 |
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DAY ONE+DAY TWO |
RM1500 |
RM200 |
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DAY TWO+ DAY THREE |
RM1500 |
RM200 |
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DAY ONE+DAY THREE |
RM1150 |
RM175 |
THIS COURSE IS SIDC-CPE
ACCREDITED:
10 POINTS | ISLAMIC CORPORATE FINANCING &
ISLAMIC LEGAL DOCUMENTS
(Conducted by Muhammad Zahid Abdul Aziz,
Pioneer Islamic Corporate Banker)
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ISLAMIC CORPORATE FINANCING
q Led by an experienced former Corporate Banker, for the Corporate
player
q A variety of Case Studies to elucidate Concepts and Applications
clearly and concisely
q Detailed explanation of Debt Financing concepts and Equity Financing
concepts
q Other Islamic concepts – Wakalah, Kafalah, Sarf, Wadiah, Rahn,
Bai’, Dayn, Muzayadah, Hibah, Ibra’, Ittifaq Dhimny, Sukuk, Sanadat, Ujr.
q Application to Corporate Requirements –Project Financing, Working
Capital, Asset Acquisition, Syndications and Share Financing
q Mudharabah and Musyarakah as alternatives to traditional Corporate
Financing
q Musyarakah Mutaniqissah
ISLAMIC LEGAL DOCUMENTATION
Examination of established precedent documents
Islamic Facility Legal 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 pitfalls Draft the Syariah
Compliant Document. |
THE PROGRAMME
THE PARTICIPANTS
q All Legal Practitioners, Islamic Banking Panel Lawyers, All Legal Departments of Banks, Corporates and Govt Agencies
q Corporate Banking Personnels
q Corporate Finance Personnels
q General Managers/Managers/
Officers of Corporate Organizations, SEDC’s, State Agencies, Departments
and Corporations;
q Directors of Listed/ Unlisted
Companies
q Academics Consultants and Researchers
q Islamic Banking Officers/ Managers
q Investment Bankers / Merchant
Bankers;
q Accountants / Auditors; and
q Individuals / Entrepreneurs.
q 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 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
RM650 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.
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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
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. He
has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad.
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THE PROGRAMME
8.30 am - Registration
ISLAMIC CORPORATE FINANCING
9.00 am – 10.30 am
Overview of Islamic of Financing 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.,
Musyarakah Muttanaqissah
10.30
am – 10.45 am - Morning Break
10.45
am – 1.00 pm
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.
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
q Case
study in Share financing;
q Case
study in Project financing;
q Other
case study.
Note: Please bring along Calculator.
1.00 pm – 2.00 pm – Lunch
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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 precedent facility documentation
For Islamic Project 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 precedent security documentation
Syariah compliant 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. 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. Affirmative akad clauses Special requirements of Murabahah akad.
.5.00 pm – End
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content here
SUKUK & THE
ISLAMIC CAPITAL MARKET COURSE
led by
A SUKUK PIONEER
THIS COURSE IS SIDC-CPE
ACCREDITED:
10 POINTS | “Repeat Course by Popular Demand”
BURSA MALAYSIA-ACCREDITED AND CARRIES 16 CEP POINTS |
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What is an Islamic bond/Sukuk?
q Underlying Islamic Financing Facilities for
Islamic Bond Issuance
q Principal Features of Islamic Bonds and its
Latest Developments
Issuing an Islamic bond /Sukuk
q Islamic
Bond from the Issuer’s Perspective
q Understanding
Bond Legal Documentation
q Complying
with Securities Commission’s Guidelines on Offerings of Islamic Securities
q Islamic
Bond Kit - A 200 page Course Notes Manual for each Participant
q Special Section – Understanding Middle Eastern Preferred Structures – Sukuk Musharaka, Sukuk Istithmaar, SABIC Sukuk, Saudi Electricity Sukuk
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THE PROGRAMME |
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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. |
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THE PARTICIPANTS |
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q Debt capital market personnel
q Investment Bankers/Merchant Bankers/Corporate Bankers/Universal Brokers
q Legal Practitioners & Legal Dept Personnel
q Islamic Banking Officers/Managers
q Treasury Dept & Fixed Income Personnel
q Fund Managers & Equity Capital market Personnel
q Stockbrokers, 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 and Agencies;
q Consultants and Researchers;
q Academicians/Accountants/Auditors; and
q Individuals/Entrepreneurs.
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THE ORGANIZER |
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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 |
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INVESTMENT |
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RM1050 per participant.
Fee is inclusive of lunch, refreshments and Course materials.Organizations,
which sends four or more participants to the Course, shall be eligible for a 10% discount across the board. |
PAYMENT |
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Payment should be made by crossed cheque/ bank draft 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.
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CANCELLATION & TRANSFER |
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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.
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SPEAKER |
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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. He has just returned from Riyadh where he was Islamic Capital Market Consultant
to Bank AlBilad.
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THE PROGRAMME |
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Registration
8.00 am
Course starts at 8.30am and ends at 5.30pm
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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
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Morning Break (10.30am t0 11am)
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2. Principal Features
of Islamic Bonds and
its Latest Developments.
- Principal features of Baids
- Principal features of ICP’s
- 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.
Understanding Middle
Eastern Preferred Structures – Sukuk Musharaka, Sukuk Istithmaar, SABIC Sukuk, Saudi Electricity Sukuk
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Lunch (1pm to 2pm)
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- 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.
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2. Understanding Bond Legal
Documentation
Asset Purchase Agreement, Asset Sale
Agreement, Notes Issuance Facility Agreement, Agency Agreement.
q MUNIF/IMTN – Salient Points
ICP/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.
Afternoon Break
(3.15pm to 3.45pm)
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3. Complying with Securities
Commission’s Guidelines on Offerings of Islamic Securities.
Concepts, structure,
term sheet, legal documentation, Administrative and Operational procedure and Documents. Eligibility of transacted asset/project
4. Islamic Capital
Market Exercises
I) Computing the face value of Primary and
Secondary notes.
II) Designing an Islamic Bond Termsheet for a
potential Issuer End |
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PAST PARTICIPANTS FEEDBACK |
ISLAMIC BONDS & ISLAMIC CAPITAL MARKET COURSE
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“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
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“Excellent” Najib Shaharuddin, C.E.O., Bank Islam (Labuan)
Ltd.
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company which has excess funds to invest in
bond products.” Roslan Ismail, Chief Dealer, Bank Islam
Malaysia Bhd.
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“Excellent walk through of practical concepts and issues.” Mansuriatus Shahrir,
Deputy General Manager,
Ingress Corporation Bhd.
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“Very informative and enlightening with regards to the Islamic Capital Market.”
Wan Annuar Abu Kassim,
Senior Vice President,
Affin Bank
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“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
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“Very useful, full of information and very relevant to Investment Bankers.”
Affandi Yaakob, Manager, Bank
Muamalat Malaysia Berhad.
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“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:
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“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.
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“ 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.
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“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.
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“Very focused and organized presentation flow.” Shamsun Anwar Hussein, Manager, Bank Islam, Malaysia Berhad
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“A well presented deliberation on the subject matters.” Muhizan
Yahaya, Vice President, Affin Bank Berhad
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“The Course Material is comprehensive and informative.” Siti
Mariam Abdul Mutalib, Senior Executive, Bank
Negara
Malaysia
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“Overall, it is an excellent Course.” Mustakim Mat Nun, Senior Manager, Bank Muamalat
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“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.
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“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
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“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. |
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Organisations Which Have Sent Participants To Our Previous Courses/ Seminars/ Workshops: |
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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, Brunei LNG,Shell Malaysia,
Monetary Authority of Singapore, Majlis Ugama Islam Singapura, Emirates Global Islamic Bank Ltd, State Bank of India, Citibank
(M) Bhd, Telekom Malaysia, Sarawak SEDC, Kuching Water Board, CMS Trust Management Bhd, Permodalan ASSAR Bhd, RHB Bank, RHB
Sakura Merchant Bankers Bhd, HLG Securities., Shearn Delamore & Co., Southern Bank, MAA Corporate Advisory., Ain Medicare.,
Tenunan Budi., Affin Discount ., Bimsec Asset Management ., Leader Universal Holdings., Albar & Partners, A.B. Sidek &
Co., Lembaga Tabung Haji, Air Kelantan, Offshore Works., KM Chye & Murad, Alliance Merchant Bank., Ingress Corporation.,
Ranhill Utilities ., Affin Bank ., Abdullah Abdul Rahman & Co., Nik Hisham, Ainul Azam & Fakihah, Hisham Sobri &
Kadir, Raslan Loong, Zain & Co., Kumpulan Prasarana Rakyat Johor., CIMB, Ambank Islamic Banking Division, Pacific Alliance
Capital , Wong & Partners, RHB Securities, Standard London (Asia) , JPMorgan (M) , Commerce Asset Fund Managers , Bumiwerks
Capital Management , PricewaterhouseCoopers, Azmi & Associates, Hong Leong Bank , Phillip Capital Management , Nomura
Advisory Services (M) , Ghazi & Lim, JMF Asset Management , BIMB Securities , KAF-Seagroatt & Campbell Securities
, Mayban Discount, RHB Asset Management , HSBC Bank (M) , TAMCO Corporate Holdings , SBB Securities, Nam Fatt Corporation
, Lee Choon Wan & Co, Bank Kerjasama Rakyat (M) , , Malaysian Resources Corporation Bhd, JF APEX Securities, Abrar Discounts
Bhd, Redmax, BIMB Unit Trust Management, Ambank Group, Lityan Systems , Pheim Asset Management , Perkasa Normandy Holdings
, Amanah SSCM Asset Management , OCBC Bank (M) , Raja Darry & Loh, Ranhill Bhd, Felcra, HLG Unit Trust, HLG Asset Management,
Malakoff, Ayer Hitam Planting Syndicate, SBB Mutual, Asiatic Development, Amfutures , K&N Kenanga Holdings, KL City Securities,
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, Aberdeen Asset Management, CMS Asset Management, Kenanga Asset Management,
Boustead REIT Managers, Dass Jainab, Nomura Asset Management, KLCC Property Holdings, Maju Expressway Sdn Bhd, Eastern Pacific
Industrial Corporation, Kumpulan Sentiasa Cemerlang, RBS Asia Adviser, SME Bank, Haranay,
Hisham & Hanikah, Wyncorp Advisory, Asia Analytica, Nasharuddin YK Chew, Adam Abdullah & Mani, NIly Ting Ong, Norashidah
& Partners, Soo Then Ming & Nashrah, JM Chong Vincent Chee, Krishna Khalid, i-VCAP Management, Kenanga Investment
Bank, iFast Financial Pte Ltd, ASM Investment Securities, BN Paribas Capital, Meridian Asset Management,FHMH Corporate Advisory,
OSK Investment Bank, Manulife Asset Management.
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SYARIAH BROKING COURSE
by
Muamalah Financial
Consulting Sdn Bhd
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What is ISLAMIC STOCKBROKING?
q How is it different
from Conventional broking?
q What are the Islamic
Akads relevant to Syariah Broking?
q Tenets of Buying
and Selling
q Shares as Asset
or Maal in Islam
q The Concept of
Wakalah in context of Dealer, Company and Client
q What is Islamic
Margin Financing?
q Islamic ETFs and
Islamic REITS
q Bursa Malaysia Best Practise Guidelines for Islamic Stockbroking
q SC Guidelines for
Islamic Portfolio Fund Management
q SC Guidelines and
Best Practise for Islamic Venture Capital
Explaining SC Criteria on Halal Counters
q Explaining the
concepts of Umum Balwa, Gharar and Maslahah Ummah
COMBINATION
OF TWO EXPERIENCED SPEAKERS FROM MUAMALAH
COMPREHENSIVE
COURSE NOTES MANUAL FOR EACH PARTICIPANT
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THE PROGRAMME |
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The
1-day Course will provide a solid grounding in concepts and principles of Syariah Broking. Experienced Course leaders will
translate Syariah concepts into the daily workings of the Syariah Broker. Commercial Issues. of Islamic Margin and new Islamic
instruments addressed by Speakers who are very experienced in Islamic finance. Comprehensive Course manual for daily working
and study reference for each Participant. |
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THE PARTICIPANTS |
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q ComplianceOfficers,Remisiers/Officers/Managers/Directors of Stock Broking Houses, Asset Management Companies and Investment
Advisory Companies and Unit Trusts;
q Fund Managers
q Directors of Listed/Unlisted Companies;
q Managers/Officers of Corporate Organizations and Government Departments and Agencies;
q Compliance Officers/Managers;
q Legal Practitioners;
q Consultants and Researchers;
q
Insurers/Investment
Bankers/Merchant Bankers/Corporate and Retail Bankers;
q Academicians/Accountants/Auditors; and
q Individuals/Entrepreneurs.
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THE ORGANIZER |
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Muamalah Financial Consulting Sdn Bhd is a Securities Commission approved Syariah Adviser for Islamic Bond Issuances
and Islamic Unit Trust Funds. Comprises a combination of Islamic Financiers and Islamic Scholars with a combined experience
of over 30 years in the Islamic financial industry |
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INVESTMENT |
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RM650 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.
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CANCELLATION & TRANSFER |
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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. |
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SPEAKER |
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En. Muhammad Zahid Abdul Aziz,
holds a Bachelors 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 developed Islamic Corporate Banking specializing in Islamic Syndication and Islamic Bond Issuance. He left Bank
Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd., an Islamic Financial Consultancy company. He has just
returned from Riyadh where he held the position of full time Sukuk and Islamic Investment Banking Consultant to Saudi Arabia’s
Bank AlBilad. Ustaz Md Zaki Ab Manan, holds a Masters Degree in Syariah from University Kebangsaan
Malaysia and a Master in Philosophy/PhD from the School of Oriental and African Studies, University of London. Starting his Career at the Islamic Research Centre, Islamic Division, Prime Minister’s Department,
Ustaz Zaki’s working experience spans the Islamic Religious Department, Wilayah Persekutuan Kuala Lumpur, Islamic Advancement
Department, Kota Kinabalu, Sabah, Publications Department of the Islamic Advancement Department of Malaysia, and the Islamic
Training Institute of Malaysia. A specialist Syariah researcher in Halal foods, capsules, cosmetics and other animal products,
Ustaz Zaki actively participates in TV and Radio Forums as well as giving Lectures at Government Departments and INTAN. He
has also attended and presented papers at International Islamic Seminars and Forums. Ustaz Zaki also advises Koperasi Muslimin
Malaysia on its business activities. |
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THE ONE-DAY PROGRAMME
8.30 am - Registration
9.00 am – 9.30 am Principal Differences between Syariah Broking and Conventional Broking
ISLAMIC AKADS RELEVANT TO SYARIAH BROKING
9.30
am – 10.30 am –
Sources of Hukum
Ijtihad, Qiyas,
Ijma’ Ulamak, Uruf Tijari
Debt
/Sale Akads
Tenets of buying and selling. Shares as Asset or Maal in Islam. Detailed explanation about the concepts of Debt
Akads – BBA, Murabahah, Istisna’, Ijarah, Salam, Inah, Qardhul Hasan.
10.30 am – 11.00 am - Morning Break
11.0 am – 12.00 noon - Equity Akads
Detailed explanation about the concepts of Equity Financing – Mudharabah & Musyarakah.
12.00 noon – 1.00 pm - Other Islamic Financial Concepts
Concept of Wakalah in relation to Dealer, Company and Client. Detailed explanation about other concepts –Kafalah,
Sarf, Wadiah, Rahn, Bai’, Dayn, Muzayadah, Hibah, Ibra’/ Muqassah, Ittifaq Dhimni, Sukuk, Sanadat, Ujr.
1.00 pm – 2.00 pm – Lunch
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APPLICATION OF ISLAMIC CONCEPTS IN SYARIAH BROKING
2.00
pm – 2.45 pm (MZ)
Application of Murabahah in
Islamic Margin Financing
Procedures, Concepts, Operations, Documents, Standard Terms &
Conditions.
2.45pm- 3.30 pm
Islamic ETFs, Islamic REITS,
Bursa Malaysia Best Practises Guidelines for Islamic Stockbroking, SC Guidelines for Islamic Portfolio Fund Management
SC Guidelines and Best Practises for Islamic Venture Capital Companies
3.30pm – 3.45pm Afternoon Break
3.45pm – 5.00 pm
EXPLAINING SC CRITERIA ON HALAL COUNTERS / ISSUES
AND FAQS ON ISLAMIC INVESTING AND SYARIAH BROKING
5%. 10% and 25% benchmarks; core activities and public perceptions;
holdings of newly unapproved counters: rights, bonus and warrants of unapproved counters;
maslahah ummah, umum balwa uruf,riba, haram & gharar. (delivered
by Ustaz Zaki in Bahasa Malaysia.
Session material English translation provided)
Q & A Session
5.00 pm - End |
MUAMALAH FINANCIAL CONSULTING COURSE REGISTRATION FORM Hilton Kuching
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COMBINATION |
FEES |
Please Tick |
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DAY ONE+DAY TWO+DAY THREE |
RM2075 |
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DAY ONE+DAY TWO |
RM1500 |
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DAY TWO+ DAY THREE |
RM1500 |
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DAY ONE+DAY THREE |
RM1150 |
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DAY ONE ONLY |
RM650 |
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DAY TWO ONLY |
RM1050 |
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DAY THREE ONLY |
RM650 |
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Day One -Islamic Corporate Financing/Islamic Legal Docs-12th August 2009
Day Two – Sukuk and Islamic Capital Market 13th August 2009
Day Three – Islamic Stockbroking 14th August 2009
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 Avenue
II
12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
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Telephone
03-21618444 / 6 / 8
Fax
03-21618445
(Intan Muhaiza Isa) |
E-mail
muamalah_consulting@hotmail.com
http://muamalahconsulting.tripod.com
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PERSONAL DETAILS
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No |
Details of Participants |
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Fee (“RM”) |
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1. |
Name
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Designation :
*License No: |
NRIC: |
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2. |
Name
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Designation :
*License No: |
NRIC: |
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3. |
Name
:
Designation :
*License No: |
NRIC: |
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(Photocopy the form for additional participants) |
Gross Total |
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Less (Discount) |
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Net Total |
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Company’s name :
Tel no.
:
Fax No.
:
Person In charge :
Address
:
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* For SC Licensed Representatives only
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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
: |
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