Islamic Finance

Programme Overview

The field of Islamic finance has advanced significantly in recent years. Islamic banking continues to be the key growth engine in this development. As such, proper understanding on the risk associated with Islamic financial institutions and the management of such risks is very essential especially to uphold the confidence of the public to the industry as well as in cultivating Syariah compliance culture.

The purpose of this programme is to provide participants with a fundamental and technical understanding of risk management, with a particular focus on the Shariah non-compliance risk, and to engage them in engaging with the subject matter. Aside from that, the programme was also intended to impart the necessary professional skills, especially for the identification of Syariah non-compliance risks and the management of those risks by officers who are responsible for the Syariah control and compliance processes for Islamic financial institutions.

Who Should Attend

• Directors & board members.
• Syariah advisors.
• Company secretaries.
• Audit committee and internal auditors.
• Compliance and audit staff.
• Regulatory authorities.

Programme Objectives

• Acquire knowledge of risk in Islamic financial services: Develop an in-depth understanding of the various risks associated with Islamic financial services, including operational, market, credit, and liquidity risks.
• Identify types of risk in Islamic finance: Recognise and categorise the specific types of risks inherent in Islamic finance, such as Syariah non-compliance, credit, market, operational and reputational risks.
• Analyse Syariah non-compliance risks inherent in Islamic financial institutions and their severity level: Analysing the processes of Syariah risk management and appraise the common Syariah risk management enablers.
• Understand criteria and principles for managing risk in Islamic financial products: Learn the essential criteria and Syariah-compliant principles used in the risk management process when structuring Islamic financial products and instruments.
• Examine Syariah and legal risks in documentation and structuring: Analyse the Syariah and legal risks involved in the documentation and structuring of Islamic financial services, with a focus on banking, securities, and takaful.
• Minimise Syariah non-compliance risk: Develop strategies for identifying, assessing, and mitigating risks associated with potential non-compliance with Syariah principles in financial transactions.
• Support Sustainable Growth: Ensure that the institution's growth and development are aligned with Syariah principles, contributing to long-term sustainability, ethical practices, and social responsibility.

Programme Dates

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Programme Overview

This programme offers an in-depth exploration of Syariah Governance Frameworks, focusing on key aspects, practices, and models across various jurisdictions offering Islamic finance. Participants will gain a comprehensive understanding of the roles and responsibilities of the main organs within the Syariah Governance structure, including the Board of Directors, the Syariah Committee, and Senior Management. This programme also emphasizes enhancing accountability within the boardroom and committees, fostering a culture of strong Syariah compliance. Additionally, it will address measures to ensure that all personnel involved in Syariah governance are appropriately qualified to execute their duties effectively.

Who Should Attend

This programme is ideal for professionals involved in the management, governance, and compliance of Islamic financial institutions or organisations that adhere to Syariah principles. Specifically, it is tailored for:

• Board Members and Senior Management of Islamic financial institutions or organisations with Syariah governance structures.
• Syariah Committee Members seeking to deepen their understanding of governance frameworks and their responsibilities.
• Compliance Officers responsible for ensuring Syariah compliance within organizations.
• Legal and Risk Management Professionals working in Islamic finance sectors.
• Internal Auditors and External Auditors with a focus on Syariah compliance and governance.
• Regulatory Authorities involved in overseeing the governance frameworks of Islamic financial institutions.
• Professionals in Islamic Finance aiming to enhance their knowledge and skills in Syariah governance.

Programme Objectives

• Examine key aspects of a good Syariah Governance Framework and its practices in various jurisdictions.
• Discuss the applicable models of Syariah Governance Framework in various jurisdictions.
• Explain the roles and responsibilities of main organs of Syariah Governance Framework, namely the Board of Directors, the Syariah Committee and the Senior Management.
• Strengthen accountability of the boardroom and committee for Syariah governance initiatives.
• Build a more effective Syariah compliance culture.
• Identify the measures to ensure that all officers and personnel have sufficient Syariah qualifications before discharging their responsibilities.

Programme Dates

Programme Fee

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Programme Overview

This two-day programme is part and partial of the overall credit process management portfolio. The focus covers both the objectives and the processes of credit facilities structuring and packaging towards the right interpretation of the customers’ financial requirements for the continuing growth of their business. Analysing customers’ financial requirements is an important segment in matching it with the availability of the banks’ products and services.

The inclusion of scanning and evaluating of the overall proposed financial requirements package, in ensuring the compliance to the Syariah principles/law’s requirements, and achieving the finalised terms and conditions including product pricing, service fees and product availability and their deliberation in the bank’s offer letter and related legal documents.

Who Should Attend

• Practitioners & professionals in the financial industry
• Regulators & policy makers
• Credit executives of financial institutions
• Internal auditor of financial industry
• Syariah committee members of Islamic financial institutions

Programme Objectives

• Exposing participants to the importance of structuring and packaging of banking products and services in achieving the targeted business of both, banks and business customers.
• Acquiring adequate knowledge and awareness on the business market segmentation, target markets and market planning approach, in determining and achieving continuous banking business performance of both banks and customers.
• Gaining of full knowledge, information and continuous exposure on the availability of the required banking products and services for the financial market business segment.
• Continuing awareness on the Syariah non-compliant environments and their impact to the overall Islamic banks’ business banking operations.

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Programme Overview

This two-day intensive programme is designed to equip participants with a comprehensive understanding of alternative funding instruments in Islamic finance, specifically focusing on Sukuk and Shares. The programme aims to provide participants with the knowledge and practical insights to analyse and implement these instruments within the framework of the Islamic capital market, while ensuring Syariah compliance.

Who Should Attend

Anyone in the following fields:

• Treasury
• Investment
• Treasury Operations
• Risk Management
• Compliance
• Audit
• Legal
• Syariah

Programme Objectives

• Understand the structure and principles of the Islamic capital market and the differences between conventional and Islamic markets.
• Identify and define Sukuk, compare them to bonds, and recognise the roles of parties involved in Sukuk issuance.
• Explore various Sukuk structures and apply them based on specific financing requirements.
• Conduct Syariah screening on securities and differentiate between various types of shares such as ordinary, preference shares, and rights issues.
• Engage in case studies that illustrate the practical application of Sukuk and shares in real-world scenarios.

Programme Dates

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Programme Overview

The "Islamic Financing Recovery: Rescheduling & Restructuring" programme is a two-day training course designed for financial institution officers who manage and oversee Islamic finance portfolios. This programme provides a thorough understanding of the concepts and processes involved in the recovery, rescheduling, and restructuring of Islamic financing. Participants will explore key definitions, including recovery, rescheduling, restructuring, Islamic financing, and loan contracts, with a focus on aligning these practices with Syariah principles. The course will also cover the resolutions of the Shariah Advisory Council of Bank Negara Malaysia (SAC BNM) on restructuring, ensuring participants are up to date with regulatory expectations.

The programme includes practical workshops on repayment table calculations, selling price determination, early redemption amounts, and the calculation of ibra' (rebate). Additionally, participants will engage in case studies focusing on the rescheduling of monthly payments, restructuring conventional loans into Islamic financing facilities, restructuring existing Islamic financing facilities into new ones, and managing repossessions under the Hire Purchase Act 1967.

Who Should Attend

• Banking and Financial Institution Officers.
• Islamic Finance Practitioners.
• Syariah Compliance and Legal Officers.
• Conventional Financial Institution Officers.
• Islamic Scholars and Consultants.
• SMEs and Entrepreneurs.
• Academicians and Researchers.

Programme Objectives

• Conceptual Clarity: Ensure participants have a strong grasp of the definitions and principles related to recovery, rescheduling, restructuring, Islamic financing, and loan contracts.
• Regulatory Compliance: Provide in-depth knowledge of SAC BNM resolutions on restructuring to ensure that participants' practices are Syariah-compliant.
• Practical Application: Equip participants with the skills to perform accurate financial calculations, including repayment schedules, selling prices, early redemption amounts, and ibra' (rebates).
• Case Study Analysis: Engage participants in real-world scenarios to develop problem-solving skills in rescheduling and restructuring both conventional and Islamic financing facilities.
• Legal Framework: Address the legal frameworks such as the Hire Purchase Act 1967, and ensure ethical decision-making aligned with Islamic principles.

Programme Dates

Programme Fee

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Programme Overview

Tawarruq is the preferred choice of contract for bankers not just for working capital requirements, but also for asset financing, mortgages, trade financing, fixed deposits, structured investments, and even savings account. In the last decade, Malaysia has experienced a rapid growth in Tawarruq based products for this reason. Hence, ensuring Syariah compliance with the policy document of Bank Negara is of paramount importance for all Islamic Financial Institutions (IFIs). This seminar offers comprehensive, concise and insightful update on the Syariah standards and operational requirements as well as legal documentation of Tawarruq and Tawarruq-based products. On the contrary, Tawarruq has also attracted criticisms as it imitates the conventional structures. Hence, we will explore on how we can move beyond Tawarruq by evaluating some alternatives in the final session of the seminar to ignite further discussion amongst industry practitioners to drive innovation in the industry.

Who Should Attend

• Product Development Staff
• Syariah Advisory Body and Syariah Department
• Syariah Audit & Syariah Compliance Review Team
• Internal Audit
• Risk Management
• Corporate lawyers
• Senior company management
• Regulatory authorities

Programme Objectives

• Assess the key Syariah and operational requirements for Tawarruq.
• Examine the legal documentations for Tawarruq.
• Formulate Tawarruq-based products with other contracts/concepts.
• Identify the gap between the Syariah standards and the existing practices.
• Prepare actionable steps to deal with Syariah non-compliance incidents in Tawarruq.
• Explore alternative concepts to move beyond Tawarruq.

Programme Dates

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Programme Overview

This programme is designed to provide specialised Knowledge on financial reporting and auditing for takaful. It covers the importance of the internal audit function, internal control system and Syariah audit function for takaful. The programme considers the accounting and reporting framework as well as the importance of zakat for takaful operators. It also highlights the emerging issues related to accounting, financial reporting standard sand auditing.

Who Should Attend

• Board of Directors.
• Syariah Committee Members.
• Syariah Department.
• Syariah Audit Department.
• Syariah Review Department.
• Legal and Risk Department.
• Takaful and Retakaful Operators.
• Legal and Compliant Department.
• Advocates and Solicitors.

Programme Objectives

• Explain the auditing and accounting and framework for takaful operators.
• Describe the financial reporting for takaful operators and takaful funds.
• Discuss accounting for zakat including zakat computation, zakat presentation, and zakat disclosure for takaful operators.
• Discuss the internal audit function, internal control system, Syariah audit process, and three lines of defense for takaful operators.
• Evaluate both local and global issues on governance and financial reporting for takaful operators.

Programme Dates

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Programme Overview

This two-day programme provides participants with a comprehensive understanding of treasury operations within the framework of Islamic finance, enabling them to effectively manage liquidity, risks and investments while ensuring compliance with Syariah principles.

Who Should Attend

• C-level management and Board members.
• Finance professionals in the roles of finance including strategy, risk management, etc.
• Investment analysts, fund managers, portfolio managers.
• Corporate executives and decision-makers.
• Consultants, academics, regulators and policymakers.
• Individuals interested in sustainable finance and investing.

Programme Objectives

• Understand the principles of Islamic treasury management.
• Learn the functions of treasury in Islamic banks and the organisational structure.
• Explore the instruments and operations used in Syariah-compliant treasury.
• Understand the importance of liquidity management and funding for Islamic banks.
• Learn the risk management and risk mitigation approaches in Islamic treasury.
• Understand the governance and regulatory framework, future challenges and opportunities

Programme Dates

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Programme Overview

This programme is designed to equip participants with a comprehensive understanding of claims management within insurance and takaful organisations. It is ideal for professionals involved in claims handling, such as claims personnel, assessors, adjusters, and researchers. Participants will gain insight into the operational aspects of claims processing across various classes of insurance and takaful.

Participants will also explore key elements of the claims function, focusing on the principles of fairness, transparency, legal compliance, and customer satisfaction. The course will address general and specialised claims processes, including motor, non-motor, medical, and death/disability claims, and it will provide practical strategies for improving claims management efficiency.

Who Should Attend

Insurance/Takaful claims personnel, assessors, adjusters and researchers.

Programme Objectives

• Understand the mechanics of claims processes and procedures.
• Identify the different processes and procedures for different classes of insurance/takaful.
• Develop a plan for improvement in claims management.

Programme Dates

Programme Fee

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