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Conference:
Day 1
2 November 2008 8am - 5:30pm
Day 2
3 November 2008 8am - 5:30pm
Workshops:
4 November 2008 9am - 5pm
Post conference masterclass A
Converting a Traditional Fund into a Shari'ah Fund
Post conference masterclass B
Structuring a Shari'ah compliant alternative fund
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Neveen El-Tahri
Chairperson
Delta Rasmala Group, Egypt
Brad Bourland
Chief Economist
Jadwa Investment, Saudi Arabia
Simon Gray
Director, Supervision
Dubai Financial Services Authority, UAE
Dawood Taylor
Head of Takaful
Bank Al Jazira, Saudi Arabia
 Alka Banerjee
Vice President of Global Equities
Standard & Poor's, USA
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Islamic Funds World 2008 Masterclasses
Join us at the following post conference masterclasses to learn more about the requirements needed to convert your traditional fund into a Shari'ah fund and also how to go about structuring a Shari'ah compliant alternative fund.
» Masterclass A - Converting a Traditional Fund into a Shari'ah Fund
» Masterclass B - Structuring a Shari’ah compliant alternative fund
Converting a Traditional Fund into a Shari'ah Fund Registration begins at 8.00am with the masterclass commencing at 9.00am and ending at 5.00pm. Refreshments and lunch will be served at appropriate breaks.
This in-depth course will enable participants to understand the requirements for converting a traditional fund into a Shari’ah fund.
We will be looking at the Shari’ah requirements and standards for funds and examining the fund conversion process.
Topics:
- Review of Traditional Fund Characteristics
- Fund Convertibility – Traditional to Shari’ah:
- Shari’ah Non-Convertible Funds
- Shari’ah Convertible Funds
- Local Financial Jurisdiction Regulatory Requirements
- Shari’ah Requirements: Shari’ah-Compliant Fund, or Shari’ah-Based Fund
- Shari’ah Standards for Funds: AAOIFI Standards, and Malaysian Standards
- Accounting, Auditing & Governance Standards for Funds - AAOIFI
- Fund Conversion Process:
- Legal Requirements:
- Shari’ah Fund Prospectus: Islamic Investment Objectives, Methodologies, Shari’ah Monitoring Mechanism, and Shari’ah Audit and Reporting
- Business Requirements: Subscription to Islamic Indexes, and Appointment of Shari’ah Board/Shari’ah Advisor
- Operational Requirements:
- Portfolio Purification through Shari’ah Screening:
- Business Screens: Prohibited Products, Prohibited Services, and Prohibited Business Methods – interest (riba); speculation (gharar); gambling (maysir)
- Financial Screens: Liquidity Ratios, Debt Ratios, and Income Ratios
- Interim Tolerance Limits for Non-Compliant Elements in Products/ Services / Business Methods
- Final Purging of Non-Compliant Elements through Charity:
- Determination of Charity Rate
- Determination and Disposition of Charity Amount
» Register now!
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 Structuring a Shari’ah compliant alternative fund
Registration begins at 8.00am with the masterclass commencing at 9.00am and ending at 5.00pm. Refreshments and lunch will be served at appropriate breaks.
This course promises to deliver a comprehensive guide to structuring a Shari’ah compliant fund. It aims to provide a fundamental understanding of the Shari’ah rules and an in-depth knowledge of various approaches on structuring an Islamic fund. An evaluation will be made on the trends in the Islamic funds market together with real case studies to present a diverse view. Interactive Q & A sessions and group discussions offer participants the opportunity to demonstrate their understanding. It is critical that managers understand the fundamentals and approaches of structuring a Shari’ah complaint fund.
Objective:
Participants will gain an in-depth understanding of how to structure a successful Shari’ah complaint product which satisfies the diversification needs of investors. Furthermore, the participants will understand and be able to use a methodology and process designed for product innovation.
Some topics include:
- Introductory Session in Islamic Fund Management
- Conventional Fund Management
- Islamic Fund Management
- Shariah Scholars
- Compliant Asset Classes
- Islamic Equity Management Process
- Alternatives to identify Shariah‐compliant Investments
- Shariah Screening and Purification in Depth
- Introduction to Shariah Screening Principles
- Shariah Screening Norms in the Industry
- Standardized Shariah Screening Norms
- Innovative Strategies and new Paradigms for Shariah Screening
- Automated versus Research‐based Shariah Screening
- Different Purification Methodologies
- Purification calculation (Dividends, Capital Gains and Investment purification)
- Practical Shariah Screening
- Case Study: Shariah Screening
- Analysis
- Shariah Screening using Excel
- Fundamental Analysis
- Problems in Screening
- Use of Shariah Screening System
» Register now!
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Coming up in November 2009!
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