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Islamic Banking

City Training UK
Course summary
Custom
Nationwide
Next available date: Contact City Training for information - United Kingdom
Corporate Training for Teams

Course description

Bank Regulatory Capital Course

Islamic Finance: Sukuk

This interactive training based on numerous real case studies and practical exercises will allow participants over the 2 days to understand:

  • Essential Sharia contracts for Sukuk;
  • Key characteristics, uses and issues in Sukuk structuring;
  • Analysis of the differences in Sukuk structures and applications.

Suitability - Who should attend?

  • Islamic Finance professionals
  • Corporates and banks issuing Sukuks
  • Islamic investors in Sukuk

Training Course Content

Session 1
Sharia Principles relevant for the Sukuk Market

  • Riba and Gharar – how do these affect the Sukuk market?
  • Other structuring guide: ownership & possession, price, promise vs. contracts
  • Practical framework to understand different Islamic tools: NCC vs NUC contract

Group discussion: The implications of Sharia principles on capital markets activities

Session 2
Sukuk Market Development

  • Snapshot of market development
  • Global market Sukuk regulation & infrastructure
  • Asset-based vs. covered vs. asset-backed Sukuk
  • Practical guide to examine Sukuk structures

Session 3
Sukuk Murabaha

  • Summary rules for Murabaha
  • Global Sukuk Murabaha mainly uses Tawarruq: case studies
  • Shariah issues in Sukuk Murabaha – Bai Al-Dayn
  • Term Sheet Analysis: Fleetcorp Sukuk Murabaha –
    Is this different from the normal Sukuk Murabaha

Session 4
Sukuk Salam

  • Summary rules for Salam
  • Case study: CBB Sukuk Salam
  • Group exercise: structure a solution based on Murabaha and/or Salam

Session 5
Sukuk Ijara

  • Summary rules for Ijara
  • Sukuk Ijara Case study I: Sovereign Sukuk
    • - Structure
    • - Document involved
    • - Right of investors
  • Sukuk Ijara Case study II: Corporate Sukuk
    • - Structure
    • - Right of investors
  • Ijara Mawsoofa Bi Zhimma (IMBZ): summary rules
  • Group exercise: IMBZ for construction finance – how to manage construction and refund risks

Session 6
Sukuk Musharaka, Mudaraba & Wakala (MMW)

  • Summary Sharia rules on MMW
  • Additional structuring tools needed for MMW Sukuk
    • - Liquidity or top up facility / reserve
    • - Incentive fee clauses
    • - Purchase undertaking – pre-determined price vs. market value
  • Case studies: SATORP Sukuk (Musharaka), PLSA (Sukuka Mudaraba & Ijara), DIB Perpetual Sukuk Mudaraba

Session 7
Asset Backed Sukuk (Securitisation)

  • How are asset-backed Sukuk (securitisation) different from the previous Sukuk?
  • Framework for securitisation: true sale & bankruptcy remoteness
  • Case studies: Al-Tawfeek, Tamweel, Saudi Orix

Session 8
Final Structuring Exercise

Expenses

 

The course described above can be individually tailored to suit the needs of your organisation and the participants. If you would like to discuss the development of an in-house training course contact City Training below. 

About provider

City Training UK

City Training is a highly-distinguished supplier of premium public courses, in-house training, and courses for universities and schools. The company focuses solely on financial training and covers the areas of financial accounting, corporate finance, valuation, credit analysis, regulatory capital, mergers and...


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Contact info

City Training UK

100 Pall Mall, Saint James
SW1Y 5NQ London

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citytraininguk.com

Reviews

Average rating 4.8

Based on 15 reviews

Alexandra - Credit analyst, bank
(5)
Good course with solid foundation on Sukuk
Khaled - Risk manager, bank
(5)
Knowledgeable instructor, excellent course on Islamic bond financing
Farida - Treasury department, ADIB
(5)
I enjoyed the training, was very relevant to my role, learnt a lot
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