1-DAY SEMINAR : Practical Approach for Optimum
Understanding of Recovery for Islamic Financing
www.cert.com.my
Recovery For
Islamic Financing
16 June 2015
Renaissance Kuala Lumpur Hotel, Malaysia
An Integrated Approach and Practical Course on Recovery
for Islamic Financing
Expert Course Trainers
Prof. Dr. Engku Rabiah Adawiah
Institute of Islamic Banking and Finance
International Islamic University Malaysia
Topics to be discussed
 Recovery From Shariah Perspective
 Legal And Regulatory Framework For Recovery In Islamic
Financing
 Recovery Process And Procedure For Islamic And
Mohd Johan Lee
Managing Partner
J.Lee & Associates
 Enforcement Of Securities And Judgments
 Recovery For Sukuk
 Accounting Treatment For Recovery
Assoc. Prof. Dr. Noraini Mohd Ariffin
Head, Department of Accounting
International Islamic University Malaysia
Ahmad Mukarrami Ab Mumin
Head, Shariah Division
RHB Islamic Bank
“Your Partner in Islamic Finance Training and Development”
Day
01
16 June 2015
TUESDAY
0830 Morning Coffee / Registration
0900 Welcome Remarks from the Chair
0900 RECOVERY FROM SHARIAH
PERSPECTIVE
Salient features of Islamic Finance
The dos and the don’ts of Islamic
Finance
Shariah Principles
—Restructuring and
Rescheduling
—Non-Performing loan (NPL) /
Bad loan
—Enforcement of judgement
Shariah views on Ibra’, ta’widh and
gharamah
1000 Tea Break
1030 LEGAL AND REGULATORY
FRAMEWORK FOR RECOVERY
IN ISLAMIC FINANCING
Guidelines on Recovery
Approaches to restructuring and
rescheduling of Islamic financing
facilities
Priority of Depositors in
Recovering Deposit in the Event of
Winding Up of an Islamic Banking
Institution
Rescheduling and Restructuring
financing
Legal Provision and IFSA 2013
Roles, Responsibilities and
Procedures
11.30 RECOVERY PROCESS AND
PROCEDURE FOR ISLAMIC
FINANCING
Overview of recovery process
Islamic financing products and the
related documentation
Modes of Islamic financing
Non-Performing facilities
Recovery via enforcement of
security
Rescheduling and restructuring
Good, delinquent and default
account
Classification of financing account
Types of debtors and the need for
rescheduling and
Reasons for rescheduling and/or
restructuring
Recovery via Legal means
Letter of demand
National land code procedures
Legal procedures in default and
the recovery procedure
Documentation and Filing claims
in court
Action against guarantors
Enforcement of Judgment
Legal Proceedings
1245 Lunch
1400 ENFORCEMENT OF SECURITIES
AND JUDGMENTS
Different modes of enforcement
available
Restructuring and Rescheduling of
Financing Facilities
How these may be done for
Islamic financing facilities
Stamp duty and legal fees issues
Applicable Laws and Regulations
and Related Topics
Progress & Growth of Islamic Finance Through Dedicated & Innovative Shariah
Compliance Review Process
Practical Approach for Optimum Understanding of Shariah Compliance Review for Islamic Financial System
About Your Expert Course Trainers
1500 RECOVERY FOR SUKUK
Underlying Sukuk structure
Classification of Sukuk
Ownership of Asset
Event of Default
Credit Risk
Insolvency of Originator
Availability of legal structure
Restructuring process – extension
of time
Arbitration process
Case Study
1600 Tea break
1630 ACCOUNTING TREATMENT FOR
RECOVERY
Accounting and reporting
standards in Islamic finance
Profit Distribution
Revenue Recognition
Substance over Form Principle in
Islamic Finance
Probability Principle
Time Value of Money Principle
1730 END OF EVENT
Course Timing
The seminar will commence at 0900 everyday and
ﬁnish at 1700. Registration will take place at 0830 on
Day One. There will be 3 breaks at appropriate
intervals for refreshments and lunch. Morning coffee
will also be provided at 0830.
Prof. Dr. Engku Rabiah Adawiah is currently a Professor at the IIUM
Institute of Islamic Banking and Finance, International Islamic
University Malaysia (IIUM). Currently, she is a member of the Syariah
Advisory Council (SAC) of Bank Negara Malaysia and Securities
Commission Malaysia, and an independent Shariah advisor for
Islamic securities issuance, approved by and registered with the
Malaysian Securities Commission. She is also a member of Shariah
Supervisory Board of Labuan FSA. In addition, she is also a member
of the investigation tribunal for the Malaysian Bar Council. She
obtained her LLB (First Class Honours) and LLB (Shari’ah) (First Class
Honours) from the IIUM. Shortly thereafter, she successfully
completed her Masters of Comparative Laws (MCL) with distinction
from the same university. She was conferred with PhD in Law
(Securities Regulation) from the University of Aberdeen, United
Kingdom.
Johan Lee is the managing partner of J. Lee & Associates, a
medium-size legal firm in Malaysia. He graduated with LLB (Hons)
degree and also holds a Master of Comparative Laws degree, a
post-graduate Diploma in Shariah and Legal Practice from
International Islamic University Malaysia and, a post graduate
Diploma in Economics for Competition Law from King’s Collage
London. His current practice includes corporate and commercial
law, competition law compliance and Islamic corporate finance
related matters. He is instrumental in developing Islamic banking,
Takaful and Islamic corporate finance documents and exercise for
several financial institutions as well as corporate and governmental
entities in Malaysia. In 2006, he was a visiting scholar to the Asian
Law Centre of the University of Washington. He is currently a shariah
consultant to few governmental agencies as well as few
government-funded banks and also a member of the Shariah
advisory board of a Singaporean Islamic REIT for properties in East
Asia offered by a middle east fund management company. He is
currently completing his Phd study with Monash University
Australia.
Assoc. Prof. Dr. Noraini Mohd Ariffin is currently an Assistant
Professor at the Department of Accounting, Kulliyyah (Faculty) of
Economics and Management Sciences, International Islamic
University Malaysia (IIUM) and a Finance Advisor of the Graduate
School of Management, IIUM. She completed her PhD in
Accounting for Islamic banks from the University of Surrey, England
and holds a Masters in Accounting (with distinction) from the
University of Dundee, Scotland, and BSc (Econs) Accounting from
the University College of Wales, Aberystwyth, Wales. Dr Noraini is
also an Associate Member of the Malaysian Institute of Accountants.
She has published numerous articles related to Islamic accounting
and finance, mainly on Risk Management for Islamic banks and
financial reporting of Islamic banks. She has also appeared as a
speaker at national and international conferences.
Ahmad Mukarrami Ab Mumin is currently heading the Shariah
Division, RHB Islamic Bank since 2011. He began his career with
CIMB Islamic Bank, and thereafter assumed a managerial position at
the Shariah Department in HSBC Amanah before moving to RHB
Islamic Bank. Graduated with a Bachelor’s Degree in Shariah & Law
from Universiti Malaysia, he pursued and completed LL.M (Business
Law) from IIUM before venturing into the industry. More than often,
he is invited as a guest speaker and presenter within the area of
Islamic Banking and Islamic Capital Market. He also contributes to
the education field being an adjunct lecturer for several local and
international universities. He has written various articles
inwell-known magazines including Islamic Finance News (IFN),
Global Islamic Finance Magazine (Ask Shariah Expert Column) and
the New Horizon Magazine.
Participants are eligible for a
30% DISCOUNT
on any CERT Islamic Finance Books
purchases during this 2-days
workshop.
HURRY! CALL us @ +603 41081439
for enquiry and registration
web—www.cert.com.my
Recovery for Islamic Financing
16 June 2015
Renaissance Kuala Lumpur Hotel
EARLY BIRD FEE: Before 28 May 2015
RM1,200.00 + 6% GST = RM1,272 per person
REGULAR FEE: After 28 May 2015
RM1,500.00 + 6% GST = RM1,590 per person
The fee includes lunch, refreshments, seminar documentation and certificate of attendance.
Special group discount - Discount of 10% for 2 participants from the same organisation.
Registration details
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Send all correspondence to:
Nuh (Event Coodinator)
CERT Events Sdn. Bhd. (665109-H)
277, Jalan Bandar 11, Metro Melawati
53100 Kuala Lumpur,
Malaysia.
Any queries please contact:
Phone : +603 4108 1439
Fax
: +603 4106 1549
Send your details by email:
[email protected]
We will send you a confirmation note on receiving your registration form.
Invoice details
Seminar fees must be paid before commencement of the
programme.
All cheques should be crossed and made payable to “CERT Events
Sdn. Bhd.”
After receiving payment a receipt will be issued. If you do not
receive a letter outlining details two weeks prior to the event please
contact the event coordinator at CERT Event.
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Accomodation
Cancellations
Hotel is not included in the workshop fee. To reserve accommodation at the
event venue, please contact hotel address below:
If you are unable to attend, a substitute is welcome at no extra cost. A
complete set of workshop documentation and a 50% refund will be
given for cancellation received in writing not later than 2 weeks prior
to the seminar date. Unfortunately, only a 25% refund and
documentation seminar will be given for cancellation received within
2 weeks before programme commencement.
Renaissance Kuala Lumpur Hotel
Corner of Jalan Sultan Ismail & Jalan Ampang, Kuala Lumpur, 50450 Malaysia.
Phone: +60-3-2162-2233 Fax: +60-3-2163-1122
Email: [email protected]
Incorrect mailing address
If you have received multiple mailings of this brochure or incorrect company
details on the address, please accept our apologies. If this occurs, kindly
notify us so that we can update our database.
web—www.cert.com.my
CERT Events Sdn. Bhd. reserves the right to cancel/amend the
programme in extreme circumstances. Should this occur, they will
endeavour to advise delegates at the earliest opportunity but take no
responsibility for any irrecoverable costs on the part of the delegates,
eg. air fares, hotel costs. Obviously, attendance fees would, in such
circumstances, be fully refundable at the delegate’s option.
Copyright ©—CERT Events Sdn. Bhd.