A new and rising trend in Capital Markets today is the rapid growth of Islamic securities. This three-day Euromoney Legal Training course will provide an indepth understanding of Islamic capital markets and the workings of Islamic securities. It will look at how the Islamic market continues to develop and open up new structures. Participants will gain a greater understanding of the dynamics of Islamic finance, as well as the procedure of Islamic issues: why they are introduced, who issues them, how this is done and what the market demand for them is.
Participants will learn about the various structures of Islamic Sukuk, by looking at their market rating and the legal and Shari'ah issues involved. This course will discuss the different kinds of risks involved in Sukuk to the investor, the obligor and the undertaker, approaches to Sukuk risk mitigation, and the liabilities of undertaker and obligor. It will also examine the conversion of conventional bonds into Islamic securities and the rise of Islamic investment funds and their structures.
How this course will help you:
Join this intensive three-day course and gain practical insight into:
How Islamic finance products work
Who issues Islamic securities
Structures of Islamic finance
Fundamentals of Islamic securities
Types and structures of Sukuk
Islamic investment funds
- Islamic hedge funds
Who should attend:
The course is designed to meet the needs of professionals involved in Islamic capital markets:
General overview of Islamic capital markets
How do islamic finance products work
Who issues islamic securities?
Structures of islamic finance
Bases of islamic securities
Basic shariah and legal issues and documents involved
Current trends in Sukuk (Islamic bonds)
Case studies: Temporary Mudarabah bonds
Types of sukuk
Ljarah (leased-assets) Sukuk
Manafi (usufruct-based) Sukuk
Khadamat (services) Sukuk
Revenue-generating assets Sukuk
Temporary Musharakah/Mudarabah Sukuk
Key issues related to sukuk
Investor, the obligor and the undertaker
Liabilities of undertaker and obligor
Current and future developments in Sukuk products
Swaps of conventional issues into sukuk
Gross revenue Sukuk
Islamic investment funds
Collective investment schemes
Equity and real estate investing
Reverse murabahah and tawarruq schemes
Islamic equity funds
Islamic fund issues
Islamic hedging funds
Professor Rodney Wilson was the founder of the Islamic Finance Programme at Durham University where he continues to be an Emeritus Professor. He is currently a Visiting Professor at the Qatar Faculty of Islamic Studies and Adjunct Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur
His extensive consultancy includes serving as advisor on Shariah governance to the Islamic Financial Services Board, Kuala Lumpur, (2007-9) and to the Central Bank of Qatar on monetary policy and prudential ratios, (2009-10). Most recently he undertook a project for African Development Bank on the status and potential for Islamic finance in North Africa, (2011) and he is currently working on capital markets in North Africa for African Development Bank.
Rodney Wilson was a Visiting Professor at the Qatar Faculty of Islamic Studies in 2009, 2010 and 2012. This year he is also an Adjunct Professor at the International Centre for Education in Islamic Finance (INCEIF) in Kuala Lumpur.
Professor Wilson has written 12 books and over 40 articles, his most recent publications being:
Legal, Regulatory and Governance Issues in Islamic Finance, Edinburgh and Columbia University Presses, 2012
Economic Development in the Middle East, Routledge, London and New York, first edition, 1995, second edition, 2012
Courses run by this instructor
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