STRUCTURING INNOVATIVE ISLAMIC FINANCIAL PRODUCTS

Deal not unjustly, and ye shall not be dealt with unjustly The Holy Qu’ran 2:279
6th Annual Three-Day Residential Workshop
STRUCTURING INNOVATIVE
ISLAMIC FINANCIAL PRODUCTS
20% discount for
IIBI Students
and Members.
25% Discount for
Corporate Members
CPD may be
available
Friday 7th – Sunday 9th September 2012
Fitzwilliam College,
University of Cambridge, UK
About the Workshop
The workshop concentrates on product innovation in
finance that is in line with the fundamental requirements of
Shari’ah moral ethics. The workshop includes an extensive
and detailed analysis of the types of innovation that have
been employed in the Islamic finance industry. Particular focus will be placed on the development
and reshaping of existing Shari’ah-compliant products with the aim of avoiding the concerns
associated with existing industry products. The workshop will have the significant added benefit of
enabling the participants to plug any knowledge gaps with regard to form and substance and how
existing Shari’ah permissible products are required to operate.
Register
Online
Supporting Organisations
Who should attend?
Those who are employed in the following
areas in the Islamic Financial sector:
• Bankers
• Product Development Personnel
• Funds Managers
• Accountants and Auditors
• Legal Documentation
• Shari’ah Compliance
• Risk Managers
www.islamic-banking.com
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6TH ANNUAL THREE-DAY RESIDENTIAL WORKSHOP STRUCTURING INNOVATIVE ISLAMIC FINANCIAL PRODUCTS
Friday 07th September – Sunday 09th September 2012 Venue : Fitzwilliam College, University of Cambridge, UK
About the Workshop (more)
The workshop will also include an examination of the roles, importance, and relevance of the various infrastructure
and support systems (regulatory, governance, accounting, taxation, legal, etc) that affect product development. Also,
in order to enrich the overall workshop experience further, there will be at least three substantial interactive exercises
that will simulate the challenges of real-life practical tasks faced by industry practitioners such as product conception
and development.
Trainers
Dr Salman Khan (Lead Trainer)
Head of Shari’ah Office at leading GCC-Based Islamic Bank, U.A.E
Iqbal Asaria
Associate, Afkar Consulting Limited, UK
Head of European Operations, Yasaar Group Consultancy for Shari’ah Solution
Teachs Islamic Finance courses at vrious UK universities
Dr. Mohamad Akram Laldin
Assco. Prof and Executive Director, ISRA, Malaysia
Dr. Asyraf Wajdi Dato' Dusuki
Assco. Prof and Head of Research Affairs, ISRA, Malaysia
Panel Members
Mufti Abdul Kadir Barkatullah (To be confirmed)
Leading Shari’ah Scholar, UK
“If Islamic banking has to develop, one
has to take advantage of the innovative
products wherever available. Western
bankers and financial experts should
also look at the Islamic parameters with
an open mind, therein lies the solution
for most of the financial ills of the
present age.”
Late Muazzam Ali, Founder IIBI
Dr. Mohamad Akram Laldin
Assco. Prof and Executive Director, ISRA, Malaysia
Dr. Muhammad Syafii Antonio (To be confirmed)
Chairman, Tazkia Group, Indonesia
"Workshop was very good, it was very informative,
I learnt a lot from the trainers and also from fellow
participants. The workshop was very interactive."
Dr German A. Ferrarazzo, Buenos Airies, Argentina (2009)
2011- Workshop session
2011 Participants 2011- Award distribution
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6TH ANNUAL THREE-DAY RESIDENTIAL WORKSHOP : STRUCTURING INNOVATIVE ISLAMIC FINANCIAL PRODUCTS
Friday 07th September – Sunday 09th September 2012 Venue : Fitzwilliam College, University of Cambridge, UK
Programme Outline
Day 1 - Friday, 07th September 2012
OPENING ADDRESS: Mr Keith Phillips, Executive Director, UKIFS/TheCityUK
SESSION 1.................. Introduction to the Workshop
SESSION 2.................. The Role of Innovation on Developing New Shari’ah Compliant Products
SESSION 3.................. What Does Islamic Finance Offer That Conventional Banking Doesn’t?
Understanding the fundamental importance of Shari’ah Ethics
SESSION 4.................. Innovative Applications of Shari’ah-Compliant Commercial Structures: - 1
Innovative uses of Murabaha, Mudaraba & Musharaka
SESSION 5.................. Innovative Applications of Shari’ah-Compliant Commercial Structures: - 2
Innovative applications of Ijara, Istisna’a and Salam
SESSION 6..................Exercise 1: Product Development
Day 2 - Saturday, 08th September 2012
SESSION 7.................. AAOIFI Standards
SESSION 8.................. Introduction to Shari’ah-Compliant Investment Banking and Corporate Products
SESSION 9.................. Structuring Shari’ah-Compliant Derivative Contracts
• Options, Forwards, Swaps
SESSION 10 ............... Innovations and Developments in Takaful and Re-takaful -1
SESSION 11...............
Innovations and Developments in Takaful and Re-takaful -2
SESSION 12................ Important Considerations in Sukuk Structuring and Re-structuring – Some Case Studies
SESSION 13................ Sukuk Market Innovations: Aligning Commercial Needs with Legal and Regulatory
Considerations
SESSION 14................. Exercise 2: Structuring Sukuk
Day 3 - Sunday, 09th September 2012
SESSION 15................. Moving Towards Shari'ah-Based Structuring of Products
• The Interface between Ethics, Shari’ah and Innovation
• Conventional vs Islamic: Existing Challenges and Fundamental Issues
• Prohibitions and Necessary Conditions in Shari’ah Contracts – Practical Implications
• Concept of ‘Best Practice’ Revisited
SESSION 16................
Innovative Approach to Structuring Shari’ah-Based Products – 1
• Murabaha, Istisna and Salam
SESSION 17............... Innovative Approach to Structuring Shari’ah-Based Products – 2
• Ijara, Musharaka and Mudaraba
SESSION 18............... Exercise 3: Developing a Shari’ah-Based Products
SESSION 19............... Panel Session
Dr Mohamad Akram Laldi n, Dr. Muhammad Syafii Antoni o, Mufti Abdul Kadir Barkat ull ah
CLOSING REMARKS: Mr. Iqbal Khan, CEO, Fajr Capital, U.A.E
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“IIBI reserves the right to amend/change the
programme without prior notice”

6TH ANNUAL THREE-DAY RESIDENTIAL WORKSHOP : STRUCTURING INNOVATIVE ISLAMIC FINANCIAL PRODUCTS
Friday 07th September – Sunday 09th September 2012 Venue : Fitzwilliam College, University of Cambridge, UK
REGISTRATION FORM
"There would have been no career in Islamic
financial services, for me and many of my
friends, without IIBI.”
Richard Thomas OBE, CEO - Gatehouse Bank, UK
(Please complete and send to the following address)
Mr. Farhan Rafiq Quadri, IIBI
7 Hampstead Gate, 1A Frognal, London, NW3 6AL, UK
Email: farhan.quadri@islamic-banking.com
Te l . +44(0)20 7245 0404 Fax +44(0)20 7245 9769
Personal Particulars
Name: Mr/Mrs/Ms/other (please specify)
Institute of Islamic banking and Insurance
The Institute of Islamic Banking and Insurance (IIBI) is a
non-profit organisation operating since 1990 dedicated
solely to education, training, publications and research
in Islamic banking and insurance. Training programmes
are part of the IIBI’s objectives of contributing to the
learning and development of individuals and giving
them the very best knowledge and practical
understanding in key areas of Islamic finance operations.
Designation:
Company Name:
Address:
Tel:
Email:
Supporting Organisations
ISRA - International Shari’ah Research Academy for Islamic Finance is
dedicated to promoting applied research in the area of Shari’ah and
Islamic finance.
AAOIFI - The Accounting and Auditing Organization for Islamic Financial
Institutions is an Islamic international autonomous non-for-profit corporate
body that prepares accounting, auditing, governance, ethics and Shari'ah
standards for Islamic financial institutions and the industry.
Workshop Fee (includes upto 3 nights accomodation with meals)
IIBI Member/Student ............
IIBI Corporate Member ........ £1490
(for 3 or more persons)
Non Member .......................... £1990
Payment
£1590
Group Discount .................... £1690
(for 3 or more persons)
I enclose a cheque / bank draft in GB pounds made payable to
Institute of Islamic Banking and Insurance
Telegraphic / Wire Transfer to the following account:
Bank Name: Lloyds TSB Plc
Account Name: Institute of Islamic Banking and Insurance
Account No.: 01099227
Sort code: 30-94-81
20% discount for
IIBI Students
and Members
25% discount for
Corporate Members
Register
Online
Please debit the sum of GB pounds ___________ for workshop
registration fee from my card O Master O Visa O American Express
Card Holder’s Name:
Card No:
UKIFS - The main objectives of the UK Islamic Finance Secretariat,
as part of TheCityUK, are to co-ordinate and promote the development of
Islamic finance in the UK and to act as the primary contact point for UK
government bodies including UK Trade & Investment, HM Treasury and
the regulator.
Expiry Date: (mm-yy) Total Amount: GB £
Signature:
Date:
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Cancellation and Refund of Fees
In the case of cancellation by delegates, registration fees will refunded
after deduction of £390/= if cancellation notice is received not less
than four weeks prior to the commencement of the workshop.