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Module Details

Module 1 : Theory, Classifications & Functions of Islamic Contracts

16 Nov 2020 (Mon)  9am-1pm  Malaysian Time

 

Background
This module introduces the fundamental aspect of transactions in Islamic finance which is the forms of contract. This module will start by explaining the definition, salient features and essential elements as well as conditions of an Islamic contract. It will further discuss the nature and structure on each contract in Islamic finance along with highlight the main underlying Shariah principles. The contracts will be discussed in relation to corresponding financial products in the industry to relate the theory to practice. It will show how the features of these contracts are being applied in the modern financial process.

Course Outline

  • Introduction to Islamic Contracts
  • Types and classifications of contracts
  • Directory of some leading contract underlying the Shariah principles applied in Islamic Banking and Finance
    • Murabaha
    • Ijarah
    • Mudarabah
    • Musharakah
    • Tawarruq
    • Kafalah
    • Wakalah

Learning Outcomes

  • Explain the meaning of contract in Islamic commercial law
  • Explain the valid and enforceable contract
  • Describe the basis and classification of contracts
  • Compare and contrast various classifications of contracts
  • Apply respective contracts to a specific case for a specific purpose
  • Illustrate the flexibility of Islamic commercial law to meet financial needs without resorting to lending for an interest
  • Describe the relationship between traditional contracts and Islamic finance products and services
  • Explain the leading contracts underlying Shariah principles applied in Islamic Banking and Finance

 

Module 2 : Specific Shariah Principles for Islamic Investment and product lines in the Contemporary Market

23 Nov 2020 (Mon)  9am-1pm  Malaysian Time

 

Background
This session introduces the specific Shariah principles for Islamic investment. It will highlight the essential criteria and features as well as explain the main contracts that are applicable for each Islamic investment model. This session will also underline the elements that are impermissible from Shariah perspective with regards to investment. It will also provide some examples of practice in the industry to provide a better view of the subject. It will further discuss the nature and structure on each contract in Islamic investment models and highlight the main underlying Shariah principles. The contracts will be discussed in relation to corresponding Islamic investment products in the industry to relate the theory to practice. It will show how the features of these contracts are being applied in the modern financial process.

Course Outline

  • Overview of investment activity in Islamic commercial law
  • The principles underlying Islamic investment activity
  • The elements and areas that are prohibited from Shariah perspective
  • The need for Shariah investment guideline
  • The issue of guaranteeing of capital vs. capital protection scheme
  • Maintenance of Islamic account and fund segregation
  • Islamic cash management prior to investment or post liquidation of investment asset
  • The roles and responsibilities of Shariah investment adviser
  • Some examples of Islamic investment products delivering from the main Shariah principles under the Islamic commercial law
    • Tawarruq
    • Ijarah
    • Mudarabah
    • Musharakah
    • Musharakah Mutanaqisah (Diminishing Musharakah)
    • Wakalah
    • Salam

Learning Outcomes

  • Understand the main character of a Shariah compliant investment activity
  • Able to explain the principles underlying Islamic investment activity
  • Understand the importance of Islamic investment guideline
  • Able to describe the roles and responsibilities of Shariah investment advisers
  • Apply respective contracts to a specific case for a specific purpose
  • Illustrate the flexibility of Islamic commercial law to meet financial needs without resorting to lending for an interest
  • Explain the leading contracts underlying Shariah principles applied in Islamic investment products

 

Module 3 : Essentials of Islamic Fund, Investments & Stock Screening Methodologies

30 Nov 2020 (Mon)  9am-1pm  Malaysian Time

 

Background
This session provides an insight to the area of private Islamic equity and property investment. It highlights some of the essential features of both investment asset classes and some critical areas of managing the investment. This module will briefly explain the Shariah screening methodology for stocks and property that are applicable for public equity and property investment model. It further highlights the differences between local and international standard of stock screening criteria. This session provides a further overview of the functions of private equity compares to the public equity fund. It highlights some of the essential Shariah implications, requirements and structuring issues of the private equity and property investment structures that have been observed in current practice.

Course Outline

  • Shariah view on equity market
  • Equity and Quasi equity
  • Issues of Preference Shares
  • Issues of Profit charges on Shareholders Advances
  • Islamic stock screening
  • Tolerance of tainted income
  • Purification of tainted income through cleansing of dividend
  • Forms of Islamic Private Equity Funds and Islamic Private Funding Initiative
  • Structuring issues pertaining to private companies/SPV
  • The classification of the impermissible/prohibited activity in a commercial property
  • The tolerance benchmark ratio on tenant’s mixed business activities
  • Shariah requirement policies for the tolerance benchmark ratio for property investment
  • The assessment process determining the Shariah business activities
  • Issue of renting out to subsequent new tenant
  • Process of Shariah monitoring and review
  • Treatment of the tainted rental income and purification process

Learning Outcomes

  • Understand the important characteristics of Islamic equity and market
  • Understand the challenges in managing Islamic private equity and property investment
  • Understand the objective, mechanism and process of Shariah stock and property screening
  • Able to differentiate the differences between regional and market standard of stock methodologies
  • Understand the process of income purification
  • Understand the salient features and structure of an Islamic private equity fund
  • Able to explain the differences between public equity and private equity 

Speakers Profile

Profile of Lead Facilitator

Pn. Suhaida Mahpot

suhaidaSuhaida Mahpot is the Chief Executive Officer for Amanie Advisors in Kuala Lumpur office. She joined Amanie in 2008 and was amongst the pioneers in the company. She is a specialist in sukuk advisory and has been partnering with Datuk Dr Mohd Daud Bakar for the last 10 years to advise numerous sukuk locally and internationally.

One of the sukuk advised by her has been awarded as Best Securitisation Sukuk at The Asset Triple A Islamic Finance Award (2017). Apart from sukuk advisory, her primarily focus is on Shariah governance, structuring, enhancement and conversion exercises, establishment of Islamic financial entities as well as development of Islamic products. She holds a Bachelor of Economics (Islamic Economic & Finance) from International Islamic University Malaysia, and currently pursuing MSc in Islamic Finance with INCEIF. Her career in banking & financial industry started as a trainee under Capital Market Graduated Trainee Scheme organized by the Securities Commission Malaysia.

Prior to joining Amanie, she worked with Affin Investment Bank Bhd since 2006 as an executive for debt & capital markets department. She completed various project financing deals using private debt securities instruments ranging from infrastructure & utilities, real estate, plantation and many others.

 

A Certificate will be provided to those completed the 3 modules, with full attendance.

Normal price for this programme is USD375/pax for 3 modules.
Early bird rate is USD350/pax, which will end on 10 November 2020.

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