Workshops

An introduction to Islamic banking, finance and investment management

Monday 23rd February 2009

Stella A. Cox, Managing Director, DDCAP Limited
Lawrence P. Oliver, Director, DDCAP Limited
Majid Dawood, Chief Executive, Yasaar Limited

Aimed at Islamic finance professionals who are looking to build on their existing knowledge, and new entrants wanting to learn about the principles central to Islamic finance, this separately bookable and highly interactive workshop will provide you with a thorough understanding of shari’ah compliant banking, finance and investment management.

This workshop sells out annually and has become a major feature of Euromoney Seminars' Annual Islamic Finance Summit, so make sure that you register your place early to avoid disappointment.

09.00 Start of workshop

Introduction

• Market overview
• Global positioning of the Islamic financial marketplace
• Market evolution and foundation
• Key principles and perspectives
• Core mechanisms and contracts

 Shari’ah overview

 Structured finance – sukuk and asset backed securitisation

• Islamic financial contracts
• Murabaha, mudaraba, salam, istisna’a, ijara
• Sukuk market overview
• Structure and application
• Shari’ah compliant notes (commercial paper)
• Asset backed securitisation
• Application, case studies and market potential

 Asset and fund management

• Development of Islamic asset management
• Creating a shari’ah compliant asset base
• Challenges of Islamic financial practice
• Asset classes and product revie
• Portfolio construction and screening methodology
• Measuring performance
• Market risk management
• Liquidity, capital protection, alternative asset classes (hedge, private equity, real estate)
• Regulation and disclosure
• Marketing and distribution

Islamic derivatives and market risk management

• Islamic financial sector application
• Market risk management tools
• Islamic currency and profit rate issues

 Market perspectives and challenges

• Assessment opportunities of the financial marketplace
• Retail/Consumer banking
• Infrastructure, regulation, supervision benchmarks,standardisation

 Legal review and documentation

 16.00 Close of workshop

POST-CONFERENCE WORKSHOP ONE:
RISK MANAGEMENT AND INNOVATIONS IN ISLAMIC TREASURY PRODUCT DEVELOPMENT

Led by:
Lee Sims, Treasurer, Gatehouse Bank
Martin Westacott, Treasury Chief Dealer, Gathouse Bank

An intensive half-day workshop aimed at bankers, risk managers and treasurers.  Due to increased participation on global markets, Islamic financial institutions are now exposed to cash, liquidity, interest rate and foreign exchange risk.  Innovative shari’ah compliant risk management products are categorical to the future growth of the Islamic finance industry.  This workshop will examine the risks faced by treasurers, and shari’ah compliant solutions available to manage these risks.

09.00   Start of workshop

Advances and innovation in Islamic treasury management

• Liquidity management tools
• Standardised documentation to alleviate historical challenges
• Wa’ad structures versus traditional Islamic structures
• Islamic Forwards and the FX market
• Profit rate swaps
• Capital protection – yes or no?
• Replicating options
• The future for the secondary Sukuk market
• Global economic crisis and what it means for the Islamic Treasurer

Lee Sims, Treasurer, Gatehouse Bank
Martin Westacott, Treasury Chief Dealer, Gathouse Bank

Legal and shari’ah: The two-pronged challenge

• Legal issues and the role of in-house counsel
• Shari’ah issues and the role of shari’ah advisors

Muhammad Nurullah Shikder, Head of Shari’ah Advisory and Shari’ah Compliance, Gatehouse Bank
Adil Hussain, Head of Legal, Gatehouse Bank

Progress of risk management in Islamic Finance

• Risk management approach
• The Gatehouse framework
• Global economic crisis and what it means for risk management
  - Changing role of risk management
  - Regulatory response
  - Role of rating agencies
• Risk assessment case studies:
  - Wa’ad Structures
  - Islamic Forwards
  - Profit Rate Swaps
• The future for risk management

Emily MacDonald, Risk Management, Gatehouse Bank

12.30   Close of workshop

POST-CONFERENCE WORKSHOP TWO:
STRUCTURING SUKUK AND UNDERSTANDING THE AAOIFI RULINGS

Led by: Rahail Ali, Partner, Global Head of Islamic Finance, Lovells

An intensive half-day workshop aimed at bankers, lawyers, issuers and investors.  There has been much confusion over the validity of sukuk structures following AAOIFI’s ruling last year.  This workshop will clarify the AAOIFI statement on sukuk and examine the new sukuk structures to have emerged since.

14.00   Start of workshop

Structuring sukuk

• Sukuk al-ijara
• Sukuk al musharaka
• Sukuk al mudarabah
• Project finance sukuk (istisna’a sukuk)
• Convertible sukuk
• True sale securitisation sukuk

Innovations in shari’ah compliant structured products

• Embedding hedging products into securitisation sukuk
• Shari’ah and principles of tranching

Understanding the AAOIFI rulings

• Principles of purchase undertaking
• Asset backed vs. asset based sukuk
• Fundamental issues with Islamic finance and capital guarantees
• Analysis of sukuk structures and shari’ah parameters

Deal origination and investment

• Different asset classes
• Comparison between issuer types

17.30 Close of workshop