islamic banking: system & operation · knowledge of islamic banking principles, highlight...
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Realizing the Islamic Finance has a major potential to be developed and enhanced. CERT with
CIBFM is proud to present this 2 days workshop on IBSO especially designed to enhance the
knowledge of Islamic Banking principles, highlight current issues as well as updated the
development of products and practices in global market particularly on the system and
operation itself. CERT will bring to the participants a distinguished panel of speakers who are
widely recognized in their respective areas. They will provide delegates an opportunity to
discuss and explore the issues related to Islamic Finance.
Introduction
Objectives
Acquire the knowledge of Shariah principles in Islamic Finance and Investment
operations;
Discover the legal and regulatory issues in Islamic Finance services;
Understanding the principles, models and structure of Islamic Finance and Investment;
Acquire the knowledge of technical and accounting treatment in Islamic Finance
industry;
Review what are the issues and challenges of strategic marketing of Islamic Finance and
Investment products and services
ISLAMIC BANKING:
SYSTEM & OPERATION
PHILOSOPHY AND FUNDAMENTALS OF
ISLAMIC FINANCE
Shariah Compliant Framework for Islamic Finance
Main Factors of Prohibition : Riba, Gharar &
Maisir
Salient Features of Various Islamic Principles and
Contracts
Understanding Maqasid al-Shariah and its
Implication to Islamic Banking and Finance
SOURCES OF FUNDS – ISLAMIC DEPOSITS
Saving, Current Account
Mudarabah Investment Deposit
Negotiable Certificate of Deposits
Determination of Rates of Return
Market Trends and Performance
Islamic Structured Deposits
ISLAMIC FINANCING INSTRUMENTS PART I
Islamic Banking Operation
Consumer & Corporate Product
Shariah Contracts and Their Application to
Consumer and Corporate Financing
Sales-Based
Leased-Based
Equity-Based
Supporting Contracts
ISLAMIC FINANCING INSTRUMENTS – PART II
Concept of Wa’ad (Undertaking/Promise)
Hybrid Instruments
Parameters in Structuring Hybrid Instruments
Shariah Issues and Case Studies
ISLAMIC WEALTH MANAGEMENT
Concept Underlying Islamic Wealth and Asset
Management
Various Asset Classes in Islamic Wealth
Management
Shariah Issues in Islamic Wealth Management
Islamic Microfinance
SHARIAH AND CORPORATE GOVERNANCE
OF ISLAMIC FINANCE
Rationale for Corporate and Shariah
Governance
Review of IFSB Corporate Governance
Guidelines
Review of IFSB Shariah Governance Guidelines
BNM Shariah Governance Framework
Shariah Audit for Islamic Finance
RISK MANAGEMENT FRAMEWORK AND
BEST PRACTICES
Overview of Risk Profile of Islamic Financial
Institution (IFI)
Credit Risk
Equity Investment Risk
Market Risk
Liquidity Risk
Rate of Return Rate
Operational Risk
Risk Management Issues Specific to IFI
Risk Management Framework – IFSB
Guidelines
ISLAMIC TREASURY OPERATION
Rationale for Treasury Operation
Asset Liability Management (ALM)
Trading Function
Forex Function
Trainers Profile
Prof. Dr. Engku Rabiah Adawiah is currently a Professor at IIUM Institute of Islamic Banking and Finance (IIiBF),
International Islamic University Malaysia (1990). She obtained her LLB (1st class honours) and LLB (Shari’ah) (1st class
honours) from IIUM. She successfully completed her Masters of Comparative Laws from the same university. She was
conferred with PhD in law from the University of Aberdeen, United Kingdom (1998). Currently, she is a member of the
Shariah Advisory Council of Central Bank of Malaysia, Securities Commission Malaysia and Labuan Financial Services
Authority (Labuan FSA). In addition, she is also a member of the Board of Directors in the Malaysian Institute of Islamic
Understanding and a member if the disciplinary committee for the Malaysian Bar Council. She is also a member of the
Shari’ah Board to Khazanah in relation to two of its exchangeable sukuk that had been issued by Rafflesia Capital Ltd and
Cherating Capital Ltd.
Dr. Aznan Hasan is currently a lecturer at the Islamic Law Department, Ahmad Ibrahim Kulliyyah of Laws, Interna-
tional Islamic University Malaysia (IIUM). He received his first degree in Shariah from University of Al Azhar, Egypt. He
then successfully completed his Master Degree in Shariah from Cairo University with distinction and the board of
examination has recommended that his thesis be published. He then obtained his PhD in Islamic Law from the University
of Wales Lampeter in United Kingdom. Currently he is a Shariah Advisor to Bursa Malaysia, RHB Islamic, ACR
Retakaful and an independent Shariah advisor for Islamic securities insurance, approved by and registered with the
Malaysian Securities Commission. He taught several subjects such as Islamic Legal Theory and Islamic Law of
Transactions.
MEGAT HIZAINI HASSAN is a partner at Lee Hishammuddin Allen & Gledhill. An alumnus of the International
Islamic University of Malaysia (IIUM), he also holds Master of Laws (LLM) degrees from the University of Cambridge,
UK, and Harvard Law School, US. He was a Cambridge Commonwealth Trust scholar at Cambridge, International
Islamic University scholar at Harvard and a Royal Dutch/Shell scholar at IIUM. He was called to the Malaysian Bar in
1991.Megat is well versed in matters relating to Islamic banking and finance, as well as corporate legal and regulatory
developments. He has advised local and international clients on issues pertaining to the legal and regulatory framework,
as well as matters relating to applicable Shariah standards, for Islamic financial or investment transactions in Malaysia and
abroad. These include structuring and documentation of Islamic financing facilities and investment structures. He has
also been recognised as one of the leading lawyers in his area of practice, through publications such as International
Financial Law Review’s Guide to the World's Leading Islamic Finance Lawyers and Expert Guides, Chambers Asia as well
as Islamic Finance News’ Leading Lawyers Directory. Prior to joining Lee Hishammuddin Allen & Gledhill, Megat was
with another major law firm in Malaysia, where he headed the firm’s Islamic banking and finance practice and also served
as director of a Shariah compliance advisory firm registered with the Securities Commission Malaysia. He was also a
lecturer at the Kulliyyah of Laws, International Islamic University, Malaysia. A co-author of The Law and Practice of
Islamic Banking and Finance (second edition published in 2010 by Sweet & Maxwell), Megat has also written on the
subject for several publications. He has served as a lecturer at the Ahmad Ibrahim Kulliyyah of Laws, IIUM, and
continued to teach at the same university on a guest lecturer/part-time basis. In addition, he has presented at various
seminars and conferences on legal and regulatory issues concerning Islamic finance.
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Centre For Islamic Banking, Finance And Management (CIBFM) is the learning
arm under Autoriti Monetari Brunei Darussalam (AMBD). Established in 2010 as
the Centre of Excellence for Brunei Darussalam’s finance industry. CIBFM is
accredited by Brunei Darussalam National Accreditation Council (BDNAC) as a
Training Institution in the field of Banking, Finance and Management; and all its
training programmes are recognised as Value Added Qualifications.
In addition to providing executive education, CIBFM also organizes high profile
and international events in partnership with renowned institutions.
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