- Credit & Debt Capital Market, Islamic Finance
- 12 (Registered)
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Level
- Intermediate
Accreditation
- 5 SIDC CPE points
- 4 FIMM CPD points
ICF Competency Type / Title / Level
- Foundational – Product / Islamic Capital Market Products / Level 3
Learning Outcome
- Analyse the challenges of sukuk structuring for intangibles
- Evaluate commercial aspects and risks when investing in Sukuk
- Outline issues to be considered when structuring Sukuk
Course Synopsis
At the end of 2007, Sheikh Taqi Usmani said that “85% of all the Gulf-issued Sukuk are not Shariah compliant”. It led the Sukuk Market to crash and to questions regarding asset-backed versus asset-based. In Islamic finance, the sukuk should be backed by assets so how then do you structure sukuk where the underlying are intangibles like receivables or debt? This course shows you how it can be done in a Shariah-compliant manner without sacrificing commercial considerations.
Testimonial from user
“Kudos to the trainer. Ann Ping certainly knows how to deliver a lecture by incorporating real life examples and making the content relatable and interesting!”
Course Content
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Downloadable Notes
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The Challenges of Sukuk Structuring for Intangibles
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Shariah Principles Explained - Definition, Features and Interpretation Issues
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How Investors Evaluate Whether to Invest in the Sukuk?
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Shariah Transaction Mechanism
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Summative Assessment