STRUCTURING INNOVATIVE ISLAMIC FINANCIAL PRODUCTS

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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

Register

Online

Friday 7th – Sunday 9th September 2012

Fitzwilliam College,

University of Cambridge, UK

About the Workshop

The objectives of both new product development and existing

product enhancement in the IFI have been achieved largely via the

use of much celebrated and increasing innovation in the industry.

It is undoubtedly true that creative thinking and innovation can

potentially play a very important part in increasing the uptake of

Shari’ah-permissible products and to close the gap between the market share of conventional and Islamic finance.

However, it is of vital importance that any such innovation must be sound and in line with the fundamental

requirements of Shari’ah Ethics, which represent the fundamental value-added provided by the IFI in comparison to

conventional finance. This 3-day residential workshop will perform an extensive and very detailed analysis to

study the basis of the innovation which has been employed with regard to the development and reshaping

of existing Shari’ah-compliant products and avoid the concerns associated with existing industry products.

Who should attend?

• Bankers

• Product Development personnel within Islamic

Financial Sector

• Funds Managers

* CPD may be available

* Group discount available

• Accountants and Auditors

• Legal Practitioners

• Risk Managers

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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 have the significant added benefit of enabling the participants to plug any knowledge gaps with

regard to how existing products operate, in an in-depth manner. Moreover, the overall discussion will also examine

the crucial roles, importance, and relevance of the various infrastructure and support systems (regulatory, governance,

accounting, taxation, legal, etc) with regard to the overall topic of Shari’ah-permissible innovation and product

development.To enrich the overall workshop experience further, there will also be atleast three substantial interactive

exercises based on group participation and discussion, one on each day, focusing on product structuring.

These exercises will provide hands-on opportunities to simulate the challenges of real-life practical tasks faced by

industry practitioners such as product conception and development.

Trainers

Dr Salman Khan

Head of Shari’ah Office at leading GCC-Based Islamic Bank, U.A.E

Richard T De Belder (To be confirmed)

Partner, SNR Denton, UK

Mathew Sapte (To be confirmed)

Partner, SNR Denton, UK

Mohammed Amin (To be confirmed)

Islamic Finance Consultant, Ex-partner at PriceWaterhouseCoopers, UK

“If Islamic banking has to develop, one has to

take advantage of the innovative products

wherever available. For your own sake, accept

anything good wherever you find it. Do not

stick to stereotyped philosophies. 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 Mr Muazzam Ali, Founder IIBI

Iqbal Asaria (To be confirmed)

CEO - Afkar Consulting Limited, UK

Mufti Abdul Kadir Barkatullah (To be confirmed)

Leading Shari’ah Scholar, UK

"Workshop was very good, it was very informative,

I leart 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

SESSION 1

SESSION 2

Introduction to the workshop

The Role of Innovation in developing new Sharia compliant products

SESSION 3

What does Islamic Finance offer that conventional banking doesn’t?

Understanding the fundamental importance of Sharia Ethics

SESSION 4 Innovative Applications of Sharia-compliant commercial structures: - 1

Innovative uses of Murabaha, Mudaraba & Musharaka

SESSION 5 Innovative Applications of Sharia-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

SESSION 8

SESSION 9

SESSION 10

SESSION 11

SESSION 12

Sukuk Overview

Important Considerations in Sukuk Structuring and Re-structuring

- including Some Case Studies

Sukuk Market Innovations: Aligning Commercial Needs with Legal

and Regulatory Considerations

Exercise 2: Structuring sukuk

Introduction to Sharia-compliant investment banking and corporate products

Structuring Shari’ah-Compliant Derivative Contracts

- Options

- Forwards

- Swaps

Day 3 - Sunday, 09th September 2012

SESSION 13

Innovations in Takaful

SESSION 14

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

Innovative Approach to Structuring Shari’ah-Based Products – 1

- Murabaha, Istisna, and Salam

SESSION 16 Innovative Approach to Structuring Shari’ah-Based Products – 2

- Ijara, Musharaka, Mudaraba

SESSION 17 Exercise 3: Developing a Sharia-based product

*** IIBI reserves the right to amend/change the programme without prior notice***

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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

REGISTRATION FORM

"There would have been no career in Islamic

financial services, for me and many of my friends,

without IIBI.”

Mr Richard Thomas OBE, CEO - Gatehouse Bank, UK

(Please complete and send it to the following address)

Farhan Rafiq Quadri

Institute of Islamic Banking and Insurance (IIBI)

7 Hampstead Road, 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

Institue 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. IIBI training

programmes are part of the its 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.

Name: Mr/Mrs/Ms/other (please specify)

Designation:

Company Name:

Address:

Tel:

Fax:

Email:

Workshop Fee (includes upto 3 nights accomodation with meal)

IIBI Member £1590

Cancellation and Refund of Fees

In the case of cancellation by delegates, registration fees will only be

refunded if a written notice of cancellation is received by the Institute

not less than four weeks prior to the commencement of the workshop.

Register

Online

IIBI Corporate Member £1490

(for 3 or more persons)

Others

- Individual £1990

- Group Discount(3 or more) £1690

Payment

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

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:

Expiry Date: (mm-yy) Total Amount: GB £

Signature:

Date:

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