Islamic Inheritance– Updates & DevelopmentsCurrent Issues in Insurance Nominations, Joint Tenancies and CPF

Thursday, 5 August 2010 | 9.00am – 5.30pmM Hotel, Singapore STEP CPD

Scheme:4.5 structured hours

LIA 3.5CPD Hours /

100%Knowledge

Arfat SelvamManaging DirectorArfat Selvam Alliance LLC

Ang Kim LanExecutive DirectorGoodwins Law Corporation

M Salim AminFirst Principal Financial Pte Ltd

MustaphaKamal OsmanNTUC Income Insurance Co-Operative Limited

Learn from our panel of Distinguished Speakers

Halijah MohamadSole ProprietorHalijahMohamad & Co.

Hairani Saban HardjoeConsultantCK Tan & Co.

Shamim DhilawalaVice President, LegalUS Multinational

Suhaimi SallehCEOBarakah Capital Planners Pte Ltd

Murgiana HaqManaging Partnerhslegal LLP

Guest-of-Honour

Zainul Abidin RasheedSenior Minister of

State for Foreign Affairs

Who Should Attend

• Financial advisers and planners • Estate planning practitioners • Wealth managers • Insurance practitioners

• Investment advisers and managers • Lawyers • Relevant government ministries and agencies • Muslims concerned

about their own estate planning matters

Conference Objectives

• To address industry and legal concerns on apparent confl ict between Syariah and secular laws • To clarify the rights of Muslim Insurance Policyholders to make revocable nominations • To identify estate planning tools for use by Muslims • To give an update on issues relating to joint-

tenancies and CPF nominations

The Monetary Authority of Singapore (MAS) administers Financial Training Scheme (FTS) grants to fi nancial sector organisations that sponsor eligible Singapore based participants to training programmes that meet qualifying criteria. For more details, please visit www.mas.gov.sg, or contact the MAS at 6229-9396 or fsdf@mas.gov.sg.

MAS FTS Funding

Jointly Organised by: Supporting Organisations:Supported by:

08:30 Registration

09:00 OPENING ADDRESS BY MFPA PRESIDENT Arfat Selvam Managing Director | Arfat Selvam Alliance LLC

09:15 INSURANCE - THE CURRENT LEGISLATIVE FRAMEWORK• Rights of Policyholders under Insurance laws• Insurance (Amendment) Act 2009 and its

implications• Nominations of Benefi ciaries under new

Insurance Regulations Ang Kim Lan Executive Director | Goodwins Law Corporation

10:15 Coffee Break / Networking

10:45 KEY ISSUES IN ESTATE & FINANCIAL PLANNING FOR MUSLIMS• The need for Muslim families to be fi nancially

independent • Life insurance – an important asset to families • Distribution of life insurance proceeds to

benefi ciaries- Current practices of Insurance Companies

• Impact of amendments to AMLA• Types of permissible nominations• Cases of hardship arising from application of

Faraid• Impact of Muslims’ awareness of their fi nancial

responsibilities • Possible alternatives – going forward

M Salim Amin First Principal Financial Pte Ltd Mustapha Kamal Osman NTUC Income Insurance Co-Operative Limited

11:45 ESTATE PLANNING FOR MUSLIMS – INDUSTRY AND LEGAL CONCERNS • Syariah and Secularism – Two Regimes, Two

Perspectives

• Legal issues relating to Fatwas• Use of Nuzriah as an Estate Planning Tool

Hairani Saban Hardjoe Consultant | CK Tan & Co.

12:45 Lunch / Networking

14:00 UPDATE ON ISSUES PERTAINING TO HDB JOINT TENANCY• General law on joint tenancies• Options available for Muslims

Halijah Mohamad Halijah Mohamad & Co.

14:45 THE ISLAMIC INHERITANCE ASPECTS OF CPF NOMINEES• Position under Section 24 (3A) CPF Act• Impact of judgment in Saniah’s case• Options available for Muslims

Shamim Dhilawala Vice President, Legal | US Multinational

15:30 Tea Break / Network

16:00 ADDRESS BY GUEST-OF-HONOUR Zainul Abidin Rasheed Senior Minister of State for Foreign Affairs

16:15 PANEL DISCUSSION• Reconciling Fatwas and the General Law• Impact of latest Court of Appeal decision in

Shafeeg’s case Moderator Suhaimi Salleh CEO | Barakah Capital Planners Pte Ltd

17:30 CLOSING REMARKS BY EMCEE Murgiana Haq Managing Partner | hslegal LLP

Conference Programme

Islamic Inheritance– Updates & DevelopmentsCurrent Issues in Insurance Nominations, Joint Tenancies and CPF

Conference Overview

There have been two signifi cant developments affecting the fi nancial and estate planning for Muslims since the Muslim Financial Planning Association (MFPA) had its successful inaugural conference in July 2009:

• the passing of the Insurance (Amendment) Act 2009 and the amendments to Section 111 of the Administration of Muslim Law Act (AMLA) which gave rise to concerns in the insurance industry on the ability of Muslim life insurance policyholders to make revocable nominations; and

• the judgment of the Singapore Court of Appeal in March 2009 in Shafeeg bin Salim Talib and another v Fatimah bte Abud bin Talib and others [2010] SGCA 11, on the applicability of rights of survivorship to real property held by Muslims as joint-tenants.

These developments will be discussed in depth at this Conference.

MFPA as a concerned group will examine the dynamics between the Syariah and secular principles on these and related matters.

For more information about MFPA, please visit www.mfpa.org.sg.

For more information about this Conference, please visit www.intellitrain.biz/MFPA.

Arfat Selvam LL.B (Hons) Singapore

Arfat Selvam is the Managing Director of Arfat Selvam Alliance LLC, a corporate law practice in Singapore. She has over thirty years experience as a corporate lawyer having been at the forefront of the development of the fi nancial services market in Singapore. Her wide array of experience includes mergers and acquisitions, corporate restructures, takeovers, funds raising, fi nancial services, international joint ventures and Islamic fi nance.

Arfat was President of The Law Society of Singapore in 2003 and was also a former Director of the Stock Exchange of Singapore Limited. She was a member of the Board of the Accounting and Corporate Regulatory Authority (ACRA) and the Company Law Reform Committee, which made major recommendations affecting the companies and securities laws in Singapore. She is currently President of MFPA.

Ang Kim Lan LL.B (Hons), MBA

Ang Kim Lan graduated with an LL B (Hons) Degree from the National University of Singapore. She was admitted as an Advocate & Solictor of the Supreme Court of Singapore and a Solicitor in England and Wales. Kim Lan obtained her Masters in Business Administration from Maryville University of St Louis, USA. She is a member of the Society of Trusts and Estates Practitioners (STEP) and Singapore Insurance Institute as well as a member of the Society of the Financial Services Professionals.

Kim Lan advises clients who are big players in the rapidly-developing fi nancial services sector both in Singapore and globally. These clients include life insurers, general insurers, insurance intermediaries and fi nancial advisers. She also advises clients on how to use trusts effectively as well as advising trust companies on compliance issues.

M Salim Amin BBA, ChFc

M Salim Amin has been associated with the fi nancial services industry over the last 24 years and advises individuals and corporations in areas of personal fi nance and investments.

He is the immediate past president of the Association of Financial Advisers (Singapore) and is actively involved in educating the public in the areas of personal fi nancial planning.

Salim graduated in NUS with a degree in Business Administration and has completed the curriculum in the Chartered Financial Consultant.

Mustapha Kamal Osman Diploma in Life Insurance

Mustapha Kamal Osman joined the insurance industry in 1992 and is currently a Sales Manager with a local insurance company.

He is a member of the Muslim Committee in his company which is tasked in promoting insurance to Muslims. He was one of the speakers at the Berita Harian Malay Financial Planning Seminar in 2003. He has also conducted talks on Insurance and Financial Planning at Marriage Preparation Courses conducted at various mosques.

He is an active volunteer and also serves as a secretary of a mosque in the Jurong fraternity.

Hairani Saban Hardjoe LL.M (Singapore)LL.B (Hons) Singapore

Hairani Saban Hardjoe is an advocate and solicitor of the Supreme Court of Singapore. She has been in private legal practice since 1970 and is presently a consultant in the fi rm of CK Tan & Co, Singapore. She graduated in law in 1969 at the then University of Singapore and obtained her LL M from the

same University in 1983. She has authored several legal books for the profession and conducts legal workshops and training sessions in Singapore and in various Asean countries on legal topics including Contract Drafting, Wills and Estate Planning, Real Estate and Intellectual Property. She has written several published articles including those touching on current issues and controversies in the administration and distribution of assets in the Muslim estate. She is the current Honorary Secretary of MFPA.

Halijah Mohamad LL.B (Hons) Singapore

Halijah Mohamad is the sole proprietor of her law fi rm which specialises in family law, both civil and syariah law. She has been an active member of AWARE since 1988. As a member of AWARE, she was involved in several representations which led to amendments in various legislations including the Women’s Charter and Penal Code. She was involved in representations made to the Select Committee on:

(a) Maintenance of Parents’ Bill (1995), (b) Amendments to Women’s Charter (1996), (c) Amendments to Administration of Muslim Law Act (1999).

In 1999, she assisted in drafting the Amendments to the Muslim Marriage and Divorce Rules. In 2007, as co-chairperson of the Muslim Law Practice Committee (Law Society), together with two other lawyers, she prepared a paper on Enforcement of Syariah Court Orders, which led to amendments in the practice and procedure on enforcement of Syariah Court orders. Halijah is also a Council Member of MFPA.

Shamim Dhilawala LL.B (Hons) Singapore

Shamim Dhilawala graduated with an LL.B (Hons) from the National University of Singapore. She is currently Vice-President, Legal of the International Division of a US multinational company. Prior to that, she spent 15 years in private legal practice where she was a Litigator and handled commercial, trust, estate and family matters. She is an Associate Member of the Law Society of Singapore and is an active member of its Practice Management Committee. Shamim is a volunteer legal advisor to the Young Women’s Muslim Association and a Council Member of MFPA.

Suhaimi Salleh FCPA, FCMC, PMC

Suhaimi Salleh is a certifi ed public accountant and a certifi ed management consultant with more than 30 years post-graduate experience. He has been in public accounting and management consulting practice for more than 20 years. He set up Barakah Capital Planners Pte Ltd about 5 years ago specialising in will writing, estate planning and estate distribution mediation services for Muslims. Suhaimi has also conducted numerous talks on Islamic estate planning for mosques, insurance agencies and organisations like MUIS, Singapore Islamic Scholars Association (Pergas) and Yayasan Mendaki. He is also the Honorary Treasurer of MFPA.

Murgiana Haq LL.B (Hons) Singapore

Murgiana Haq is the Managing Partner of her boutique practice specialising in intellectual property law (IP). She has been in law practice over thirty years and has extensive experience in IP laws. She has served in various committees and held the positions of President of the ASEAN Intellectual Property Association and the Asian Patent Attorneys Association respectively. She was in the forefront in the development of IP in Singapore, having been involved in various training and education programs.

She is a Committee member of the Muslim Law Practice Committee of the Law Society of Singapore and the Chairperson of its Intellectual Property. She is also a Council Member of MFPA.

About the Speakers

If you are interested in exhibition and sponsorship opportunities at our Conference, please do not hesitate to contactMr Gabriel Lim or Ms June Tan of the Conference Secretariat at MFPA@intellitrain.biz or +65 6329 6496 for more details.

Conference Registration: Islamic Inheritance – Updates & Developments

1. SYMPOSIUM

PLS TICK

( )SYMPOSIUM FEE(before MAS FTS grant)

MFPA Members S$430.00

Members of:a. Association of Banks in Singaporeb. Association of Financial Advisors

Singaporec. Law Society of Singapored. Life Insurance Association of

Singaporee. Singapore Corporate Counsel

Associationf. Society of Trust & Estate

Practitioners (Singapore Chapter)

S$430.00

Others S$480.00

NOTE:1. Registration Fee includes attendance at the Conference, 2 coffee breaks and 1 lunch.2. Registration of ALL delegates starts at 8.30 am on 5 August 2010.

2. DELEGATE DETAILS

Name (Prof/Dr/Mr/Mrs/Miss/Mdm):

Name to Appear on Badge:

Name and Mailing Address of Organisation:

Designation:

*IC/Passport No.:

+Email:

Tel no.: Fax no.:

*(Mandatory � eld for entitlement to preferential rates)+(Email required for con� rmation of registration)

MFPA Member Law Society Member STEP Member

ABS Member LIA Member Others

AFA(S) Member SCCA Member

Please indicate any special dietary, medical or other requirements:

3. PAYMENT DETAILS

Cheque Bank Transfer / Internet Banking Telegraphic Transfer

CHEQUE PAYMENT DETAILS:Cheque payments should be made payable to “INTELLITRAIN PTE LTD” & arrive at the Secretariat of� ce with your completed registration form before the closing date, Thursday 29 July 2010.

DETAILS FOR BANK TRANSFER / INTERNET BANKING / TELEGRAPHIC TRANSFER:Account Name: Intellitrain Pte Ltd | A/c No.: 352-327137-5 SWIFT Code: UOVBSGSG | Bank Details: United Overseas Bank Limited, 80 Raf� es Place, UOB Plaza 1, Singapore 048624Please email us at MFPA@intellitrain.biz after the T/T has been done for our follow-up with the bank. The registration fee must be received nett of all receiving and paying bank charges.

REGISTRATION, REFUND & CANCELLATION POLICY1. Registrations will be con� rmed upon receipt of full payment accompanied by a duly

completed registration form.2. The Organisers reserve the right to refuse to register or admit any participant, and to

cancel or postpone the course.3. Equivalent substitute delegates (e.g. member for member or non-member for non-

member) are welcome at no additional charge, subject to our being informed in writing at least 5 working days in advance of such substitution.

4. The Organisers will not entertain any request for a refund of fees. However a con� rmed registrant who has paid in full the course fees but does not turn up for the course will be entitled to collect a set of the materials provided.

DISCLAIMERThe Organising Committee is committed to staging a successful conference; however it reserves the right to cancel or postpone the Conference, change its venue or any of the other details published.

FOR REGISTRATION ENQUIRIESPlease contact:

Intellitrain Pte Ltd3 Raf� es Place #07-01 Bharat Building Singapore 048617Tel: +65 63296496 | Fax: +65 63299699Email: MFPA@intellitrain.biz | Website: www.intellitrain.biz/MFPA

REGISTRATIONS CLOSE ON THURSDAY, 29 JULY 20101. Please complete each section 2. Please complete a separate form for each delegate 3. Return this form to: SECRETARIAT, MFPA CONFERENCE 2010 c/o Intellitrain Pte Ltd, 3 Raf� es Place #07-01 Bharat Building Singapore 048617 or Fax to +65 6329 9699

1

About the Conference Organisers

Intellitrain is an Association Management Company that specialises in outsourced services for not-for-pro� t volunteer-led organisations (“NPOs) in Asia. Bene� t from our affordable and customised solutions, whether for a one-time project or ongoing secretariat support, that enhance the effectiveness and ef� ciency of your NPO.

For more details, visit www.intellitrain.biz oremail customerservice@intellitrain.biz.

The Muslim Financial Planning Association is the inspiration of a group of professionals with a common vision: to educate and empower Muslims to plan the accumulation and distribution of their assets in accordance with Syariah principles.

For more details, visit www.mfpa.org.sg.