Sukuk and Islamic Treasury Workshop, Geneva

Geneva, Geneva
Wednesday, 18 March 2015
 

Sukuk and Islamic Treasury Workshop, Geneva
 18 March 2015
Intercontinental Hotel, Chemin du Petit-Saconnex, Geneva
 
 





Sukuk Workshop
This interactive workshop has been specifically designed for bankers, lawyers, accountants, asset managers, investment professionals, rating agencies officers, government agency employees and treasurers who wish to gain a deeper understanding of Sukuk as a tool for investment as well as a tool to raise financing. The participants will gain a deep understanding of the different types of Sukuk, the most commonly used Sukuk structures, Sukuk ratings, legal documents drafting and other Shariah guidelines and requirements. The participants will also gain knowledge about the short-term liquidity management tools available to bank.
This workshop takes a practical approach identifying all of the different steps needed to structure a Sukuk and building a strong understand of the primary differences between the various Sukuk structures. The objective of the workshop is to provide detailed training for professionals thus enabling them to analyze the different types of Sukuk and make informed decisions when selecting a Sukuk structure.

Workshop summary:

1) Introduction to Sukuk
  • Definition
  • Characteristics 
  • Bonds versus Sukuk
  • Overview of Sukuk industry market
  • Sukuk issuance process
  • AAOIFI requirement for Sukuk
  • Shariah boards

       2)   Structuring Sukuk transactions

  • Simple Sukuk structure
  • Mudaraba Sukuk
  • Musharaka Sukuk
  • Diminishing Musharaka Sukuk
  • Ijara Sukuk
  • Ijara Muntahia Bittamleek
  • Salam Sukuk - Central Bank of Bahrain Salam Sukuk
  • Istisn’a Sukuk
  • Wakala Sukuk
3) Sukuk rating
  • Objective of Sukuk rating
  • Sukuk rating process
  • Rating enhancement strategies
  • Sukuk rating agencies
       
4) Islamic depository tools available for placement with Central Bank
  • Qard/Wadiah deposits
  • Mudarabah deposits
  • Wakalah deposits
  • Murabaha deposits

 
5)   Short term Sukuk programs: IILM Sukuk 

  • Introduction to short term programs available to central banks
  • Characteristic of IILM Sukuk
  • Eligible assets for IILM Sukuk
  • IILM Sukuk structures

        6)  Regulatory framework regarding Sukuk

  • Sharia board
  • Issuer and obligor
  • Dispute settlement committee
  • Examples

 

 


Workshop Fees

Early Bird Rate: Available until 28 Feb 2015
  • Sukuk workshop - 1 days: USD 990
Standard Rate:
  • Sukuk workshop - 1 days: USD 1,400

Islamic Asset Management Workshop


This interactive workshop has been specifically designed for asset managers, wealth managers, lawyers, accountants, fund administrators and investment professionals wishing to gain a deeper understanding of Islamic Asset Management including Shariah-compliant security selections, monitor the fund investments, cash management, Shariah Board selection, legal documents drafting and other Shariah guidelines.

This workshop take a practical approach to all the different steps needed to structure an Islamic fund. The objective of the workshop is to give detailed training for professionals to be able to structure, manage, monitor and assess the risk and liquidity of an Islamic fund.

Islamic Asset Management Workshop


This interactive workshop has been specifically designed for asset managers, wealth managers, lawyers, accountants, fund administrators and investment professionals wishing to gain a deeper understanding of Islamic Asset Management including Shariah-compliant security selections, monitor the fund investments, cash management, Shariah Board selection, legal documents drafting and other Shariah guidelines.

This workshop take a practical approach to all the different steps needed to structure an Islamic fund. The objective of the workshop is to give detailed training for professionals to be able to structure, manage, monitor and assess the risk and liquidity of an Islamic fund.

Workshop key topics

1) Introduction to Islamic Asset Management
  • Characteristics of Islamic funds and how they differ from conventional funds
  • Overview of current Islamic fund industry market
2) Selecting Shariah-compliant securities
  • Business screening
    • Prohibited activities
    • Ambiguous activities
  • Most commonly used financial screens: AAOIFI, DJIM, etc.
  • Effect of corporate actions on compliancy of a stock 
    • Voluntary: optional dividend reinvestment plan, take over, etc.
    • Mandatory: stock split, demerger, name change, etc.
  • Investing in UCITS or other Islamic funds, Islamic money market issues, sukuk etc.     
3) Islamic structures and contracts
  • Murabhaha
  • Ijara
  • Salam
  • Other
4) Ongoing maintenance
  • Choosing the appropriate Shariah Board
    • Selection and optimal Shariah Board size
    • Fatwa/Fund endorsement process
    • Role of the Shariah Borad in the monitoring
    • Funds without a Shariah Board
  • Shariah monitoring
    • Role of monitoring
    • Handling advert and inadvertent breaches
  • Purification and cleansing
    • Role of purification, frequency and purification process
4) Fund operation
  • Cash management within the fund
  • Other restrictions ADR, GDR, short selling, overdrafts, etc.
  • Monitoring fees

 5) Liquidity management & risk management
  • Islamic liquidity management tools and their challenges
  • Risks associated with Islamic asset management and tools available to Shariah-compliant funds
6) Structuring Islamic funds
  • Fixed income funds
  • Lease funds
  • Commodity funds
  • Real estate funds
  • Equity funds
  • ETF/ETC
  • Hedge funds
7) Case studies and practical examples 
  • The case of Securities Commission Malaysia
  • An Islamic SRI fund
  • Etc.

Islamic Asset Management Workshop


This interactive workshop has been specifically designed for asset managers, wealth managers, lawyers, accountants, fund administrators and investment professionals wishing to gain a deeper understanding of Islamic Asset Management including Shariah-compliant security selections, monitor the fund investments, cash management, Shariah Board selection, legal documents drafting and other Shariah guidelines.

This workshop take a practical approach to all the different steps needed to structure an Islamic fund. The objective of the workshop is to give detailed training for professionals to be able to structure, manage, monitor and assess the risk and liquidity of an Islamic fund.

Workshop key topics

1) Introduction to Islamic Asset Management
  • Characteristics of Islamic funds and how they differ from conventional funds
  • Overview of current Islamic fund industry market
2) Selecting Shariah-compliant securities
  • Business screening
    • Prohibited activities
    • Ambiguous activities
  • Most commonly used financial screens: AAOIFI, DJIM, etc.
  • Effect of corporate actions on compliancy of a stock 
    • Voluntary: optional dividend reinvestment plan, take over, etc.
    • Mandatory: stock split, demerger, name change, etc.
  • Investing in UCITS or other Islamic funds, Islamic money market issues, sukuk etc.     
3) Islamic structures and contracts
  • Murabhaha
  • Ijara
  • Salam
  • Other
4) Ongoing maintenance
  • Choosing the appropriate Shariah Board
    • Selection and optimal Shariah Board size
    • Fatwa/Fund endorsement process
    • Role of the Shariah Borad in the monitoring
    • Funds without a Shariah Board
  • Shariah monitoring
    • Role of monitoring
    • Handling advert and inadvertent breaches
  • Purification and cleansing
    • Role of purification, frequency and purification process
4) Fund operation
  • Cash management within the fund
  • Other restrictions ADR, GDR, short selling, overdrafts, etc.
  • Monitoring fees

 5) Liquidity management & risk management
  • Islamic liquidity management tools and their challenges
  • Risks associated with Islamic asset management and tools available to Shariah-compliant funds
6) Structuring Islamic funds
  • Fixed income funds
  • Lease funds
  • Commodity funds
  • Real estate funds
  • Equity funds
  • ETF/ETC
  • Hedge funds
7) Case studies and practical examples 
  • The case of Securities Commission Malaysia
  • An Islamic SRI fund
  • Etc.
 

Contact Information

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