Islamic Finance Training - Special Refresher Day

Special Refresher Day: Principles of Islamic Finance & Investment

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Sukuk, or Islamic fixed-income securities have emerged over the past 5 years as an increasingly important asset class. These products have a number of objectives: to enable organisations to raise capital in a Shariah-compliant fashion, whilst at the same time expanding the investor base and offering investment opportunities to new groups.

Considering their relative infancy, Sukuk can be structured in a number of increasingly complex ways. Indeed, new products are being continuously developed and the industry has witnessed a number of landmark transactions including the US$3.52bn Nakheel Sukuk and the world’s first exchangeable Sukuk. Further innovation and development is underway as Sukuk become more widely accepted and mainstream. Challenges, however, remain: issues concerning ratings, liquidity, Shariah, standardization, product acceptability and documentation all combine to ensure the development of Sukuk instruments is no straightforward task.

Our 3 day Sukuk & Islamic Capital Markets: Products & Documentation course covers topics at an intermediate to advanced level. To ensure you take away as much from the course as possible we have added an additional bonus refresher day to provide a grounding in the vital concepts of Islamic finance relevant to capital markets. This day is optional and is recommended for those with limited exposure to Islamic finance and financial products. Below are the topics covered during the day.

Islamic Bankers
Corporate Financiers
Investment Bankers
Corporate and Commercial Bankers
Private Bankers
Analysts
Portfolio Managers
Consultants & Lawyers
Investment Advisors
Regulators
Government representatives

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Discussion of key principles, fiqh sources
Principles underlying Islamic contracts
Understanding Riba and Gharar as key

Review of key Islamic banking contracts and practical examples
Murabahah

Trade finance example

Ijarah

Capital equipment example

Review of key Islamic banking contracts and practical examples
Salam

Commodity supply example

Istisnah

Construction example

Review of key Islamic banking contracts and practical examples
Musharakah and Mudarabah

General principles
Applied to trade and corporate finance

Mudarabah and Wakalah

Synthesizing deposits
Syndications

Choosing between Wakalah and Mudarabah

Wakalah v. Mudarabah
Fees and roles
Review of a term sheet structure and Shariah compliance

What are examples of practical developments in the introduction of a product for Shariah compliance
How does one maintain that compliance?

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EXPERT COURSE DIRECTOR

President & CEO, SHAPE™ Financial Corp. Consultants to the US and international financial community in matters relating to Shariah compliant financial structuring; sub-advisor to the global securities industry with respect to sukuk and other forms of Islamic transactional issuance; and Islamic banking training resource. Clients include University Bank of Ann Arbor, Salam Financial Corp. of Toronto , and others. Principal, AJIF.org, LLC (The American Journal of Islamic Finance www.ajif.org). Research resource for the financial services industry including ISI Emerging Markets; Guidance Financial Group, LLC; Lightbulb Press, iHilal.com, Dow Jones Islamic Markets Indexes; and others. Licensor of REIT screening concept to iHilal Financial Services. Abdulkader has 25 years of diversified financial services experience. A graduate of the Fletcher School of Law & Diplomacy in international trade, Abdulkader earned a BA with honors in Arabic & Islamic Studies from the University of Chicago. Abdulkader has worked in Bahrain , New York , London and Los Angeles. His areas of activity have included trade finance, real estate finance, securities, and Islamic finance at Citibank, Credit Lyonnais, Sumitomo Bank, Ltd., The United Bank of Kuwait , and MEF Money/Guidance Financial Group.

Abdulkader is responsible for shepherding the first US banking regulatory approvals of Islamic financial instruments for ijarah wa iqtinah and murabahah. More recently Abdulkader secured regulatory approval for an Islamic profit sharing deposit to be applied in the US. Abdulkader also structured the first REIT of REITs structured to allow Muslims to invest in listed US REITs whilst complying with Shariah. Abdulkader has also been involved in the structuring of inbound foreign investment for both the US and the UK. Abdulkader has included supervising marketing and consumer demographics in conjunction with new business launches.

Abdulkader is a frequent speaker on Islamic financial and banking matters. He is the author of several works in the field including Islamic Bonds: Your Guide to Issuing, Structuring and Investing in Sukuk with Nathif Adam ( London : Euromoney, 2004). Forthcoming books include Structuring Islamic Financial Transactions (contracted with Euromoney for early 2006) and Interest in Islamic Economics: Understanding Riba (contracted with Taylor & Francis – Routledge for early 2006).

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DATES & PRICE

Special Refresher Day: Principles of Islamic Finance & Investment
Dates	Price/per person (US$)
2nd June 2008, London	800
9th November 2008, Bahrain	800
1st December 2008, Kuala Lumpur	800

Discounts

• Why not take advantage of our special group booking incentive and train a number of your team members at once? Send 3 delegates to any one course and receive a fourth place completely free of charge. Further incentives are also available for higher delegate numbers – please contact us directly for more details.

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