ISLAMIC BANKING: SYSTEM & OPERATION

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.

refreshments and certificate of attendance (for full participation).

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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.

About CIBFM