The ABCs of Project Finance



  • Refresher



  • 5 SIDC CPE points
  • 4 FIMM CPD points


ICF Competency Type / Title / Level

  • Foundational – Product / Capital Market Fundamentals / Level 1


Learning Outcome

  • Identify various types of financing instruments
  • Compare Bonds/Sukuk and bank borrowing
  • Recognise the importance of shareholders commitment and determine the appropriate debt to equity ratio
  • Determine factors to be used as input into the cash flow model
  • Explain collateral and covenants
  • Identify a typical project finance structure


Course Synopsis

The road we travel on, the electricity, water, the wifi services that we cannot do without in our lives are expensive and have a long payback period.  So, how do they get financed?  Any of the financing defaulted?  This course teaches you how to evaluate projects and the key terms such as the debt to equity ratio to impose such that the project achieves financial close yet, meets the criteria of prudential lending.



Saw Ann Ping

Saw Ann Ping has over 20 years’ experience in financial advisory, fund raising and consulting. Her areas of specialization are financial structuring, Islamic finance and privatisation. Her work has been recognised by various Malaysian and international bodies such as Euromoney and Islamic Finance News for its innovation. Her last position was head of wholesale banking for Hong Leong Islamic Bank. Prior to that, she was the head of corporate finance in RHB ISLAMIC Bank and head of corporate banking and debt securities in Utama Merchant Bank. Before becoming an investment banker, she was a management consultant with Arthur Andersen, involved in various advisory projects for the Asian Development Bank, KL International Airport and other Government agencies and the private sector. She was a speaker at China Development Bank’s Senior Policy Seminar in Beijing and at the Middle East Business Forum in Dubai on Islamic finance for infrastructure projects. She holds a Bachelor of Science (honours) degree from the University of Canterbury, New Zealand, majoring in Economics and Operations Research. She is the co-author of “The Islamic Finance and Sukuk Handbook – Where Shariah Meets Commercial Demands”.


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(SST included)


  • 5 SIDC CPE points
  • 4 FIMM CPD points