Islamic Finance: Fundamentals & Legal Issues

8th - 9th May 2008, Royal Plaza on Scotts

About the Training

Islamic banking is set to grow further. It is estimated that currently, assets of Islamic financial
institutions are now approaching US$400 billion. Islamic financial products are now sold in more
than 75 countries whereby Islamic market is expected to grow at annual rates averaging 15% in
the next decade. The Islamic market has become extremely sophisticated as well as increasingly
competitive.

This course emphasizes the evolutionary and interconnected nature of Islamic finance. It is specially
designed to provide comprehensive and practical knowledge on the core fundamentals in Islamic
banking and the related legal issues. Conducted by distinguished course trainers who have wide
industry experience in Islamic banking, this program will help develop knowledge and skill set
among the participants in one of the fastest growing sectors of the financial services industry i.e.
Islamic banking and finance.

The training will cover basic conceptual topics as well as provide real-life case studies to allow the
participants to appreciate both theoretical and practical aspects of Islamic finance. At the end of
this program, participants will be equipped with comprehensive, up-to-date knowledge that will
enhance participants’ confidence in handling issues on Islamic finance.

Objectives of Training

• To provide an overview of Islamic finance and its operations

• To enable participants to acquire the knowledge of Shariah principles in Islamic finance
• To provide understanding of the legal framework of Islamic finance
• To highlight the peculiarities of documentation in Islamic finance
• To enable participants to have comprehensive understanding of Islamic private debt securities.

Who Should Attend?

Anyone involved in any aspect of Islamic finance (commercial, investment banking, insurance,
mutual funds, etc.), anyone considering entering the field, or creating and marketing Islamic
products, lawyers, legal counsel, professionals who deal or intend to deal with Islamic
institutions, regulators, international bankers and emerging market specialists.

about your trainers

Mohd Lukman Abdull Mutalip

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Mohd Lukman has Masters of Business Administration (MBA) in Finance & degree in law (LL.B) from
International Islamic University Malaysia (IIUM). He is a member of Institute of Chartered Secretaries and
Administrators (ICSA) and is currently attached to University of Malaya

Ahmad Lutfi Abdull Mutalip

Ahmad Lutfi graduated from the the International Islamic University Malaysia with an LL.B (Hons.)
in 1995. He is one of the founding partners of Azmi & Associates and has managed numerous exercises
including private debt securities and trade facilities; both conventional and Islamic

Supported by: Organised by:

IFIS BUSINESS ADVISORY PTE LTD
Your One Stop Islamic Finance Solutions
For Syariah Advisory, Products Certification & Training
 Programme
Day One Day Two

0900 - 1030 hrs: Session 1 0900 - 1030 hrs : Session 1

• Introduction to Islamic Finance • Legal issues in Islamic Banking
• History and evolution of Islamic Finance • Distinct features of
• Reasons for the need/existence of Islamic Finance Islamic Banking documentations
• Shariah principles, concept and regulatory • Examining common and specific clauses
framework for Islamic Financing in documentation
• Salient features and contribution of Islamic Finance • Jurisdiction of court in Islamic Banking cases
• Issues, challenges, emerging trends in Islamic Finance

1030 - 1100 hrs : Coffee break 1030 - 1100 hrs : Coffee break

1100 - 1245 hrs : Session 2 1100 - 1245 hrs : Session 2

• Theory of contracts in Islamic Finance • Introduction to Islamic Private Debt Securities (IPDS)
‑ Bai’(Sale) • Legal & regulatory Framework
‑ Ijarah (Lease) • Introduction to Types of IPDS:
‑ Istisna’


1245 - 1400 hrs : Lunch break 1245 - 1400 hrs : Lunch break

1400 - 1530 hrs : Session 3 1400 - 1530 hrs : Session 3

• Theory of contracts in Islamic Finance • Bai Bithaman Ajil Islamic Debt Securities (BaIDS)
‑ Musharakah ‑ Salient Features
‑ Mudharabah ‑ Case Study
‑ Murabahah • Murabaha Underwritten Notes Issuance Facilities
(MUNIF)
‑ Salient Features
‑ Case Study
• Sukuk Al-Ijarah
‑ Salient Features
‑ Case Study

1530 - 1545 hrs : Coffee break 1530 - 1545 hrs : Coffee break

1545- 1700 hrs : Session 4 1600 - 1700 hrs : Session 4

• Deposit and financing products in Islamic Banking • Sukuk Musyarakah
‑ Range of Products ‑ Salient Features
‑ Case Study ‑ Case Study
• Sukuk Mudharabah
‑ Salient Features
‑ Case Study
• Sukuk Istisna’
‑ Salient Features
‑ Case Study

1700 hrs: Adjourn 1700 hrs :Adjourn
 Islamic Finance:
Fundamentals & Legal Issues

WAYS TO CONTACT US :

( Tel. : +65 9626 9225/+65 9877 9208  Fax. : +65 6781 1809

8 E-Mail : aisha@ifis.sg * 49, Dunlop Street, Singapore 209378

For Advisory on All Islamic Finance Matters e.g Syariah Board, Product Certification, In House Training, etc. Please call Mahmood at +65 9877 9208

COURSE FEE
Regular Fee: Special Discount :

2 Days Workshop: S$1,800.00 per pax • Discount of 10% for 2 or more participants
from the same organisation.

The fee includes lunch, refreshments and course documentation.

*Eligible for MAS Training Grant - participants to apply directly to MAS

PARTICIPANT DETAILS
Mr. /
No. Mrs. / Full Name Job Title Email
Ms.

To assist us with future correspondence, please supply the following details:

Company:________________________________________________ Nature of Business:_________________________
Address:__________________________________________________________________________________________

Postcode:____________ Country :_____________________ Tel:___________________ Fax:__________________

No. of employees on your site : q 0-49 q 50-499 q 1000+

PAYMENT:

q By Direct Transfer To register, please complete and fax

Account Name: IFIS BUSINESS ADVISORY PTE LTD
Account Number: 0-401-45-0005-9 the registration form back to us
Swift Code: MBBESGSG
Maybank, No 2, Battery Road, Maybank Tower, Singapore 049907 CONFIRMATION:
Bank charges are to be borne by payer. Please ensure that IFIS receives the full amount. Confirmation of your registration (i.e a confirmation stamp on
this registration form from IFIS) will be faxed to your company
q By Cheque / Bank Draft upon receipt of full payment. Please present confirmation for
Payable to : IFIS Business Advisory Pte Ltd admission to seminar room.
49, Dunlop Street, Singapore 209378
Please indicate company’s name & participant’s name behind the cheque. FOR OFFICIAL USE:

No cancellation will be allowed upon registration, but attendance by a replacement
delegate from your company is allowed. We regret that no refund will be made for
cancellation and non-attendance.
We reserve the right to reschedule the event date due to circumstances beyond our control.