Available Dates
May-27-2024
Kuala Lumpur
June-24-2024
Kuala Lumpur
July-29-2024
Kuala Lumpur
Aug-26-2024
Kuala Lumpur
Sep-30-2024
Kuala Lumpur
Oct-28-2024
Kuala Lumpur
Nov-25-2024
Kuala Lumpur
Dec-30-2024
Kuala Lumpur
Dates in Other Venues
May-20-2024
London
May-20-2024
Amsterdam
May-27-2024
Istanbul
June-03-2024
Paris
June-03-2024
Singapore
June-10-2024
Barcelona
June-10-2024
Dubai
June-17-2024
Amsterdam
June-17-2024
London
June-24-2024
Istanbul
July-01-2024
Singapore
July-01-2024
Paris
July-08-2024
Barcelona
July-08-2024
Dubai
July-15-2024
Amsterdam
July-15-2024
London
July-22-2024
Istanbul
July-22-2024
Singapore
July-29-2024
Paris
Aug-05-2024
Singapore
Aug-05-2024
Paris
Aug-12-2024
Barcelona
Aug-12-2024
Dubai
Aug-19-2024
Amsterdam
Aug-19-2024
London
Aug-26-2024
Istanbul
Sep-02-2024
Paris
Sep-02-2024
Singapore
Sep-09-2024
Dubai
Sep-09-2024
Barcelona
Sep-16-2024
Amsterdam
Sep-16-2024
London
Sep-23-2024
Istanbul
Sep-23-2024
Singapore
Sep-30-2024
Paris
Oct-07-2024
Paris
Oct-07-2024
Singapore
Oct-14-2024
Barcelona
Oct-14-2024
Dubai
Oct-21-2024
Amsterdam
Oct-21-2024
London
Oct-28-2024
Istanbul
Nov-04-2024
Paris
Nov-04-2024
Singapore
Nov-11-2024
Barcelona
Nov-11-2024
Dubai
Nov-18-2024
London
Nov-18-2024
Amsterdam
Nov-25-2024
Istanbul
Dec-02-2024
Paris
Dec-02-2024
Singapore
Dec-09-2024
Barcelona
Dec-09-2024
Dubai
Dec-16-2024
London
Dec-16-2024
Amsterdam
Dec-23-2024
Singapore
Dec-23-2024
Istanbul
Dec-30-2024
Paris
5 days course
The Nature of Money & Implication on Treasury
Key Islamic Depository Tools
● Murabaha vs. Tawarruq vs. Reverse Murabaha - is there any difference?
● Shari'a concerned about this tool
● Brokers, OTC and live warrants
● Breakage, Back value and compounding
● Suq al Sila - Murabaha and Tawarruq in Malaysia
● Standardized documents: IIFM, AIBIM
● Leakage of Islamic funds - what is this? How do different markets deal with this?
● Wakalah to do Murabaha vs. Investment Wakalah - what’s the difference?
● Case study: Investment Dar vs. Blom Interbank Wakalah
● Interbank Mudarabah
● Wadiah for hibah & Wadiah for points
Tradable Instruments
Introduction to Sukuk - alternative Islamic tradable instruments
Repo
● Shari'a compliant forward alternatives:
» Promise based solutions - unilateral promise, two
unilateral promises vs. bilateral promises
» Promise to deposit i.e. Cross Currency Deposit
» Are these solutions on the balance sheet or off-balance
sheet?
» Exiting these forward?
● How do Islamic banks hedge themselves?
» Long Murabaha
» Back to back promise
Group Exercise: Examine a traditional FX Swap & construct a
Sharia’a compliant FX Swap
● Sharia’a tools that provide options:
» Arbun
» Promises
» Juala
● How do we use the above to structure Shari'a compliant
currency options?
» Arbun - is the arbun for currency?
» Promises - how do we structure the option premium?
» Which solution is widely used?
● Calculating effective and break-even strike rate
● Are the options tradable?
Group Exercises:
1. How to use Tawarruq for Currency Option?
2. Are the following FX Risk Management Strategies
replicable in the Islamic market?
i. Put Option
ii. Put Spread
● Shari'a analysis of the following traditional tools for interest
rate risk management
» Forward Rate Agreement (FRA)
» Interest Rate Futures
» Swaps - Interest Rate Swap (IRS) and Cross Currency
Swap (CCS)
» Interest Rate Options
Group Discussion: Are the following Interest Rate Option
Strategies replicable in the Islamic market?
i. Interest Rate Cap
ii. Interest Rate Floor
iii. Interest Rate Collar