TWO DAY BACK TO BACK COURSES BY MUAMALAH 10 SIDC CPE points each.

. DAY ONE 20 FEBRUARY 2013 INTRODUCTION TO ISLAMIC FINANCE (10 SIDC CPE points) One day holistic and comprehensive coverage of Islamic finance from basic principles, sources of hukm, to introduction to the Islamic Capital Market. All generic Islamic banking principles, products and services from all major jurisdictions will be covered. All professionals need to know about Islamic Finance in a One Day Course.

DAY TWO 21 FEBRUARY 2013 SUKUK, ISLAMIC BONDS & SECURITISATION COURSE (10 SIDC CPE points) One Day Basics of Sukuk Course for all Professionals. Principles, structures, legal documents and termsheets, local and international. Including Sukuk from the Issuers point of view

Led by Muhammad Zahid Abdul Aziz renowned Islamic Capital Market Consultant and Trainer

THIS COURSE IS SIDCCPE

VENUE ORGANISED BY

PJ Hilton, Selangor

Muamalah Financial Consulting Sdn. Bhd 17-01, First Floor, DBayu, Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor, Malaysia. Tel: 03-7842 5187, 012 -212 5405 Fax: 0378473214, 03-7842 5201 Email: muamalah_consulting@hotmail.co m Website http://muamalahconsulting.tripod.c om

Led by Muhammad Zahid Abdul Aziz, Director, Muamalah. Renowned Pioneer Islamic Financier and International Trainer. Hands on knowledge transfer by experienced practitioner. Insights into rationale and universality of Islamic Finance that rejuvenates and motivates all players in Islamic finance. Sharing over 20 years of experience and knowledge on how to make our industry better. Nurturing participants from the basics, mastering the techniques and exploring the intricates. Shariah definition of Asset. Bai Muajjal, Bai Musawamah, Murabahah and Bai Amanah. Arkanul bai or pillars of buying and selling. Syariah compliant and non Syariah compliant sale. Waad, Waad Mulzim, Urbun and Ijarah Ain Mousuffah bil Thimmah. Jurisdictional differences, bi partite and tripartite transactions. The decade we change to Equity based Islamic finance? Shirkatul Milk, Shirkatul Aqd, Shirkatul Inan and Shirkatul Amwal. Basic rules of Musharakah and Musharakah in practice. The macro rationale for Mudarabah and Musharakah. Islamic trade finance, LC Wakalah, LC Murabahah and LC Musharakah. Islamic Pawn Broking as a form of Islamic microfinance, Hibah, Taweedh, Ibra and Wakalah. Bai Tawarruq, Commodity Murabahah, Musharakah Mutannaqissah. Bai Salam. How a typical bank operates; legislative background; how Islamic banks collect deposits; how Islamic banks extend financing. Qardhul Hasan. Ijarah wa Iqtina, Ijarah Thumma AlBai, Ijarah Muntahiah bil Tamlik. Primary and secondary Sources of Hukm, Ijma Qiyas and Maslahah. Contemporary examples of Gharar and Maysir.

DATE VENUE ORGANISED BY

20 FEBRUARY 2013

PJ Hilton, Selangor
Muamalah Financial Consulting Sdn. Bhd 17-1, First Floor, DBayu,Jln Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor Tel: 03-7842 5187 Fax: 03- 7847 3214, 03-7842 5201 Email : muamalah_consulting@hotmail.com Website http://muamalahconsulting.tripod.com

THE PROGRAMME This Course will provide a solid grounding in Islamic finance covering insights, background, rationale, techniques and principles. Valuable to industry players and all associated professionals. Relevant and appropriate for daily work; delivered by an experienced practitioner THE PARTICIPANTS All Islamic Finance & Investment Practitioners, including Commercial Bankers, Investment Bankers, Central, Development, Cooperative & Other Bankers, Islamic Stockbrokers, Fund Managers, Unit Trust Players, Financial Advisers, Corporate Finance Advisers, Investment Advisers, Legal Personnel and Advisors, Trustees, Venture Capitalists,Analysts, Researchers, Dealers, Remisiers, Asset Managers, Educationists, Syariah Compliance Officers and all Compliance Officers Islamic Banking Officers / Managers All Legal Practitioners/Accountants/Auditors General Managers/Managers/ Officers of Corporate Organizations, SEDCs, State Agencies, Departments and Corporations; Directors of Listed/ Unlisted Companies Academics and Consultants Individuals / Entrepreneurs. THE ORGANIZER Muamalah Financial Consulting Sdn Bhd (Muamalah) comprises a team of former Islamic Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/ Seminars/ Workshop to the Financial Industry: In-house Courses for Alliance Merchant Bank Bhd, Public Bank Bhd, Bank Islam (M) Bhd, Hong Leong Bank Bhd, Malaysian International Merchant Bankers Berhad. Permodalan Nasional Berhad, PNBi, Bursa Malaysia Bhd, Maybank Investment Bank, Ambank Investment Bank, Federation of Investment Managers Malaysia, EPF, PJB Corp and Public Mutual Berhad. Joint venture Courses with Sabah Law Association, Penang Bar Committee, Universiti Sains Malaysia, and the Malaysian Institute of Accountants INVESTMENT RM850 per participant. Fee is inclusive of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board. Special discount of 15% for all full time academic lecturers and students.

PAYMENT Payment should be made by crossed cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All payment to be paid at least a week before the course date. CANCELLATION & TRANSFER A replacement is allowed should a participant is unable to attend. For cancellation received in writing within one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written notice of withdrawal is received more than two weeks prior to the course date. SPEAKERS PROFILE Muhammad Zahid Abdul Aziz Director, Muamalah Financial Consulting Sdn Bhd Muhammad Zahid Abdul Aziz holds a Bachelors Degree in Economics from University of Exeter, United Kingdom and an MSc in Islamic Banking & Finance from International Islamic University Malaysia. After graduating with the first degree in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Sukuk Issuance. His last post at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Sukuk Issues during his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad. Zahid is an internationally renowned lecturer in Islamic Finance and similar subjects having taught in Dubai, Saudi Arabia, Korea, Brunei, Indonesia, Singapore, Sri Lanka and Russia.

THIS COURSE IS SIDCCPE

INTRODUCTION TO ISLAMIC FINANCE THE PROGRAMME 8.30 am - Registration 9.00 am 10.30 am Overview Of Islamic Financing Concepts Islamic Banking Act 1983 How does typical bank operates The Main Islamic Banking Concepts Applied _ How Islamic bank collect deposits and give financing Sources of Hukm Primary and Secondary Sources Prohibited elements Riba rationale for prohibition, Gharar, maisir and haram Debt Financing Rules Loan vs Financing principal differences 2.00 pm - 3.15 pm Musharakah Shirkatul Milk, Shirkatul Aqad, Shirkatul Amwal, Shirkatul Inan, Basic rules of Musharakah, Musharakah in practise Mudarabah- basic rules of Mudarabah, Mudarabah in practice Wakalah-Definition and tenets, Rukun, Wakil to buy, Wakil to sell Qardhul Hasan The only loan in Islamic finance

Ibra Issues and resolutions Pillars of Buying and Selling Conditions for buyer & seller, Conditions for assets, Conditions Rahnu - Collateral for price, Conditions for Aqd Taweedhcorrect definition Types of sale cash, deferred, by order, cash in application advance, urbun, forward sale, void and haram, valid but haram, waad, waad mulzim Hibah gifts in Islamic finance 10.30 am 10.45 am - Morning Break 10.45 am 1.00 pm Murabaha vs Musawamah conditions for valid bai, specific conditions for Murabaha Murabaha to the Purchase Orderer promise to purchase in Murabaha, transaction structure, murabaha in practise. Bai Bithaman Ajil / Bai Muajjal steps in BBA transaction, how is it priced, Bi partite vs tri partite Bai Istisna applicable assets, parallel Istisna, Istisna in practise Ijara Characteristics, essentials, Sharia views of typical conventional lease terms, position of takaful expenses Ijarah Muntahiah bil Tamlik vs Conventional lease terms, Ijara in practise. Ijara Ain Mousuffah bil Thimmah Bai Salam, Bai Inah, Tawarruq, Commodity Murabahah 1.00 pm 2.00 pm Lunch

and

3.15 pm 3.30 pm Afternoon Break 3.30 pm 5.00 pm Islamic Pawn Broking- a form of micro finance Islamic Credit card- concepts and principles Islamic Trade Finance LC Wakalah, LC Murabahah, LC Musharakah Islamic Capital introduction. 5.00 pm End Market basic

ISLAMIC BONDS, SUKUK & SECURITISATION COURSE (Conducted by Muhammad Zahid Abdul Aziz, Renowned Pioneer in Islamic Capital market)
What is an Islamic Bond or Sukuk? Explaining BBA Notes, Islamic Commercial Papers, Islamic Medium Term Notes, Principal features of Mudarabah and Musyarakah Sukuk. Are current issuances of Musyarakah Sukuk based on Musyarakah? Unraveling the differences between South East Asian and Middle Eastern interpretations. Is BBA not acceptable or the bipartite nature of BBA which is at issue? Is it true that Middle Eastern Islamic Finance is based on equity instead of debt? Why do Sukuk structurers in all jurisdictions issue Musyarakah Sukuk with debt features? Sovereign Sukuk- structures and termsheets. Sukuk from the point of view of the Issuer. What kind of projects are eligible? Basic criteria for potential issuers. Rating process. Issuance procedures. Costs of Issuances. How long does it take to see the money? Accounting entries. SC Guidelines on Sukuk. Computation and Case Study based on actual issuance. Principle features of Middle Eastern Sukuk. Sukuk Ijara, Sukuk Musharaka and Exchangeable Sukuk. Term sheet Structures and outline legal documents
DATE VENUE ORGANISED BY 21 FEBRUARY 2013

PJ Hilton Selangor
Muamalah Financial Consulting Sdn. Bhd 17-01, First Floor, DBayu,Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor Tel: 03-7842 5187, 012 212 5405 Fax: 03 -7847 3214, 03-7842 5201 Email: muamalah_consulting@hotmail.com Website http://muamalahconsulting.tripod.com

THE PROGRAMME

The Course will provide a solid grounding in concepts and principles leading to enhanced appreciation of the latest developments in the Islamic Capital Market. Practical examples and interactive sessions will reinforce the Participants understanding of Sukuk. Learning outcomes The participants will be able to: 1) Explain the basic features of Malaysian Sukuk 2) Outline the steps to issue sukuk from the point of view of the Sukuk Issuer 3) Compute Face values of Primary and Secondary Sukuk Notes Described the basic features of Middle Eastern Sukuk
THE PARTICIPANTS
Debt Capital Market Personnel of Banks and Universal Brokers Corporate Banking Personnels Corporate Finance Personnels Investment Bankers / Merchant Bankers; Islamic Banking Officers / Managers Legal Practitioners Fund Managers, Dealers, Remisiers, Asset Managers, Venture Capitalists, Investment Advisers, Analysts, Researchers General Managers/Managers/ Officers of Corporate Organizations, SEDCs, State Agencies, Departments and Corporations; Directors of Listed/ Unlisted Companies Academics and Consultants Accountants / Auditors; and Individuals / Entrepreneurs. THE ORGANIZER Muamalah Financial Consulting Sdn Bhd (Muamalah) comprises a team of former Islamic Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/ Seminars/ Workshop to the Financial Industry: In-house Courses for Alliance Merchant Bank Bhd, Public Bank Bhd, Bank Islam (M) Bhd, Hong Leong Bank Bhd, Malaysian International Merchant Bankers Berhad. Permodalan Nasional Berhad, Bursa

INVESTMENT

RM880.00 per participant. Fee is inclusive of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board. Special price of RM500 only for all Academicians and Students with Matric cards.
PAYMENT

Payment should be made by crossed cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All payment to be paid at least a week before the course date.
CANCELLATION & TRANSFER

A replacement is allowed should a participant is unable to attend. For cancellation received in writing within one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written notice of withdrawal is received more than two weeks prior to the course date.

SPEAKERS PROFILE Muhammad Zahid Abdul Aziz Director, Muamalah Financial Consulting Sdn Bhd.
Muhammad Zahid Abdul Aziz holds a Bachelors Degree in Economics from University of Exeter, United Kingdom and an MSc in Islamic Banking & Finance from International Islamic University Malaysia. After graduating with the first degree in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Sukuk Issuance. His last post at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Sukuk Issues during his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad. Zahid is an internationally renowned lecturer in Islamic Finance and similar subjects having taught in Dubai, Saudi Arabia, Korea, Brunei, Indonesia, Singapore, Sri Lanka and Russia.

Malaysia Bhd, Maybank Investment Bank Ambank Investment Bank, Federation of Investment Managers Malaysia, EPF and JB Corp Joint venture
Courses with Sabah Law Association, Penang Bar Committee, Universiti Sains Malaysia, and the Malaysian Institute of Accountants

The Programme 1st session 9.00 am 10.30 am

. Principal Features of local Sukuk and Its Latest Developments. Principal features of Sukuk BBA Principal features of Sukuk Murabahah Principal features of Sukuk IMTNs Principal features of Musyarakah/ Mudharabah Bonds - Project Gold Analysing the Structure and Features of Malaysias First Islamic Sovereign Issue.

10.30 -11 am Coffee Break 2nd session 11.00 am 1 pm

USD600 million Sukuk Ijarah/ Trust Certificate Issuance on behalf of Malaysia Global Sukuk Inc. Issuing a Sukuk 1. Sukuk Issuance from the Issuers Perspective. - Eligibility of projects for Sukuk Financing. - Basic criteria for companies to be eligible to issue Sukuk. - The Rating Process and Significance of Ratings. - The Issuance Procedure/ Requirements. - Advisors / Consultants. - Detailed Costs Breakdown. - Period taken and timetable to Financial Close. - Accounting entries for Islamic Bonds. Complying with Securities Commissions Guidelines on Sukuk Issuance. Concepts, structure, term sheet, legal documentation, Administrative and Operational procedure and Documents. Eligibility of transacted asset/project Islamic Capital Market Exercises

1pm -2pm Lunch

I) Computing the face value of Primary and Secondary notes. II) Designing an Sukuk Term sheet for a potential Issuer
Principal Features of Middle Eastern Sukuk and its Latest Developments 1) Sukuk Ijara Structure

3rd session 2.00 pm 3.30 pm

3.30 pm -4 pm Tea Break 4th session 3.30 pm 5.00 pm

2) Sovereign Sukuk Ijara Detailed analysis of Ijara based Structure, Termsheet & Outline Legal Documents Investment Dar Sukuk Musharaka Structure & Termsheet Paka Capital Exchangeable SukukAnalysis of Structure, Term Sheet & Outline Legal Documents

Bank Islam Malaysia Bhd., Bank Muamalat Malaysia Bhd., Bank Negara Malaysia, Securities Commission of Malaysia, Bursa Malaysia, Islamic Banking and Finance Institute of Malaysia, Labuan Offshore Financial Services Authority. Islamic Bank of Brunei, Islamic Development Bank of Brunei, Brunei LNG,Shell Malaysia, Monetary Authority of Singapore, Majlis Ugama Islam Singapura, Emirates Global Islamic Bank Ltd, State Bank of India, Plentytrak Pty Ltd Australia, Adl Capital Ltd (Sri Lanka), Kuwait Finance House, Asian Finance Bank,Citibank (M) Bhd, Telekom Malaysia, Affin Investment Bank, RHB Investment Bank, Muamalat Invest, Affin Islamic Bank, AM Investment Bank, Maybank Investment Bank, Eon Investment Bank, Alliance Investment Bank, Deutschebank, , CIMB Investment Bank, OSK Investment Bank, KAF Investment Bank, Southern Investment Bank,Public Investment Bank,K&N Kenanga Investment Bank, HongLeong Islamic Bank, CIMB Islamic Bank, Ambank Islamic Bank,Eoncap Islamic Bank, RHB Islamic Bank, Maybank Islamic Bank, SME Bank, Prudential Fund Management, BN Paribas Capital, International Islamic University Malaysia, Universiti Sains Malaysia, Sarawak SEDC, Kuching Water Board, CMS Trust Management Bhd, Permodalan ASSAR Bhd, RHB Bank, Sulong & Sinsua, Sulong & Co, Ng & Anuar., Shearn Delamore & Co., Southern Bank, MAA Corporate Advisory., Ain Medicare., Tenunan Budi., Affin Discount ., Bimsec Asset Management ., Leader Universal Holdings., Albar & Partners, A.B. Sidek & Co., Lembaga Tabung Haji, Air Kelantan, Offshore Works., KM Chye & Murad, ., Ingress Corporation., Ranhill Utilities ., Affin Bank ., Abdullah Abdul Rahman & Co., Nik Hisham, Ainul Azam & Fakihah, Hisham Sobri & Kadir, Raslan Loong, Zain & Co., Kumpulan Prasarana Rakyat Johor., CIMB, Ambank Islamic Banking Division, Pacific Alliance Capital , Wong & Partners, RHB Securities, Standard London (Asia) , JPMorgan (M) , Commerce Asset Fund Managers , Bumiwerks Capital Management , PricewaterhouseCoopers, Azmi & Associates, Hong Leong Bank , Phillip Capital Management , Nomura Advisory Services (M) , Ghazi & Lim, JMF Asset Management , BIMB Securities , RHB Asset Management , HSBC Bank (M) , TAMCO Corporate Holdings , SBB Securities, Nam Fatt Corporation , Lee Choon Wan & Co, Bank Kerjasama Rakyat (M) , , Malaysian Resources Corporation Bhd, JF APEX Securities, , Redmax, BIMB Unit Trust Management, Ambank Group, Lityan Systems , Pheim Asset Management , Perkasa Normandy Holdings , Amanah SSCM Asset Management , OCBC Bank (M) , Raja Darry & Loh, Ranhill Bhd, Felcra, HLG Unit Trust, HLG Asset Management, Malakoff, Ayer Hitam Planting Syndicate, SBB Mutual, Asiatic Development, Amfutures , K&N Kenanga Holdings, KL City Securities, Mayban Ventures Sdn Bhd, Shell Gas & Power (Singapore), SHH Resources Holdings Bhd, Affin Fund Management Sdn Bhd, K&N Kenanga Bhd,, Berjaya Group Bhd, Pengurusan Danaharta Nasional Bhd, Saujana Consolidated Bhd, MIDF Bhd, Hap Seng Consolidated Bhd, Mayban Securities Sdn Bhd, Mayban Investment Management Sdn Bhd Eng Teknologi Holdings Bhd, Dunham-Bush (M) Bhd, BH Global Advisers Sdn Bhd, HSBC Asset Management

ORGANISATIONS WHICH HAVE SENT PARTICIPANTS TO OUR PREVIOUS COURSES/ SEMINARS/ WORKSHOPS:
REGISTRATION FORM COMBINATION DAY ONE & DAY TWO DAY ONE ONLY DAY TWO ONLY

FEES RM1500 RM 850 RM 880

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Day One Introduction to Islamic Finance 20 February 2013 (10 CPE pts) Day Two Sukuk, Islamic Bonds & Securitisation Course 21 February 2013 (10 CPE pts) Venue: PJ Hilton, Selangor.
Register now Enrolment is based on First Come First Served Basis. Complete and Return the Registration Form to: Address Telephone E-mail Muamalah Financial Consulting 03-7842 5187, Sdn Bhd 012- 212 5405 muamalah_consulting@hot 17-01, First Floor, DBayu, Jalan Fax mail.com Serambi U8/21, Bukit Jelutong, 03-7847 3214, 40150 Shah Alam, Selangor. 03-7842 5201 http://muamalahconsulting .tripod.com PERSONAL DETAILS N o 1. Details of Participants Name : Designation : *License No: Name : Designation : *License No: Name : Designation : *License No: (Photocopy the form for additional participants) Companys name : Tel no. : Fax No. : Person In charge : Address :
* For SC Licensed Representatives only

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Payment Details: I have read and understood the booking terms and conditions. Please register the abovenamed participants and enclosed please find the required fee. Authorised Signatory signature : Name : Designation : Date :