ISLAMIC CORPORATE FINANCING & 

ISLAMIC LEGAL DOCUMENTS

THIS COURSE IS SIDC-CPE ACCREDITED:  10 POINTS

 

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, Commodity Murabahah/Tawwaruq 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? How to avoid the recent BBA controversy. Review of current Islamic Banking Case Laws. 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. Overview of current Sukuk defaults. Are legal risks now greater than credit risks?

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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.Commodity Murabahah/Tawwaruq 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

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. Commodity Murabahah   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. Ibra’ and the BBA default. Affirmative akad clauses Special requirements of Murabahah akad. Review of Islamic Banking Case laws Overview of current Sukuk defaults. Are legal risks now greater than credit risks? 5.00 pm – End .