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date_range 10 Dec, 2017

Advanced Sukuk and Islamic Securization

We will examine how different Sukuk are structured and various applications of Sukuk in the market ranging from general obligation Sukuk to ABS. Besides Sukuk structures, we also analyze business, credit, Sharia’a, risks, regulatory, legal and other issues. The course will also highlight the latest developments in Sukuk regulations globally.

  • content_copyCourse Overview

    About the Course

    The sukuk market composes 15% of Islamic financial assets. Sukuk provide an alternative capital raising avenue to conventional and Sharia’a compliant issuers. The market has gone through the test of financial crisis and Sharia’a criticism. Today, the market is experimenting with different solutions for a myriad of client needs. The aim of this program is to analyze various issues related to the global and regional Sukuk markets.

    We will examine how different Sukuk are structured and various applications of Sukuk in the market ranging from general obligation Sukuk to ABS. Besides Sukuk structures, we also analyze business, credit, Sharia’a, risks, regulatory, legal and other issues. The course will also highlight the latest developments in Sukuk regulations globally.

    We will review different term sheets and actual case studies to ensure that delegates are able to examine live deals in the market. Our goal is to give delegates the capacity to make informed decisions. We discuss various Sharia’a opinions in the market; starting with AAOIFI and explaining where and why variances from AAOIFI occur. The course will use discussions, team exercises, term sheet analysis and case studies so that the candidates achieve learning by doing.

    Using key Islamic contracts, the course will allow delegates to structure highly tailored wholesale financing solutions for specific client requirements. Case studies and exercises will allow delegates to test various structures and situations, and work towards innovative but ultimately Sharia’a - compliant structures.

    Who should attend | Target Audience

    This qualification is aimed at:

    Islamic Bankers, Corporate Financiers, Investment Bankers, Corporate and Commercial Bankers, Potential Sukuk Issuers, Private Bankers, Analysts, Portfolio Managers, Consultants & Lawyers, Investment Advisors, Fund Managers, Analysts, Regulators, Government Representatives

    Key Benefits | RFM

    At the end of the course, delegates will be able to:

    • Compare and contrast between Sukuk, bonds and asset backed securities (ABS).
    • Identify different types of Sukuk and debt capital market strategies applied in the market.
    • Examine various current issues related to Sukuk market - covering business, credit, legal,
    • Sharia’a and other issues.
    • Analyze deal term sheets to determine risks, legal status and enforcement rights of investors
    • Structure suitable Sukuk solutions to meet different financing and investment needs.
    • Review how sukuk and Islamic securization fit into the capital markets.
  • personSpeaker

    AbdulKader Thomas

    President & CEO of SHAPE Knowledge Services
    AbdulKader Thomas

    Based in Kuwait, Abdulkader has over 35 years of financial services experience in major markets including Bahrain, the US and London. He has been active in trade finance, real estate finance, securities, and alternative finance at global and regional financial institutions.

    He was responsible for securing the first US banking regulatory approvals of alternative financial instruments in the mortgage and installment credit/sale as banking instruments. Later he secured US regulatory approval for Islamic profit sharing deposits. He is an authority on Islamic deal structures and securities.

    Along with his team at SHAPE®, Abdulkader works on projects that include launching Islamic clients and Islamic banking windows, policies and procedures including Sharia’a policies, Sharia’a compliance, product development and structuring. Clients include financial institutions from North America, MENA, Southeast Asia, Africa, and Europe. Abdulkader has written numerous books on Islamic finance and holds senior positions with various Sharia’a boards and financial institutions.

  • slideshowAgenda

    This workshop includes 11 topics across 3 days.

    The course will use discussions, team exercises, term sheet analysis and case studies so that the candidates achieve learning by doing.

    Day 1

    • Session 1 Sukuk Market Snapshot
    • Session 2 Sharia’a Principles Relevant for Sukuk Market
    • Session 3 Sovereign Sukuk Analysis: Structure, Risks and Recourse
    • Session 4 General Obligation / Corporate Finance Sukuk I
    • Single Sharia’a Contract

     

    Day 2

    • Session 5 General Obligation / Corporate Finance Sukuk II
    • Multiple Sharia’a Contracts
    • Session 6 Covered Sukuk
    • Session 7 Asset Backed Securitization Sukuk (ABS)

     

    Day 3

    • Session 8 Construction & Project Finance Sukuk
    • Session 9 Financial Institutions - Basel Sukuk
    • Session 10 Sukuk Restructuring & Refinancing
    • Session 11 Overall Sukuk market review
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Early registration will receive exclusive discounts in course fee

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