This course is targeted to:� Shari’ahDepartmentOfficer/Manager� ProductDevelopmentDepartmentOfficer/Manager� LearningandTrainingDepartmentOfficer/Manager� Sharia’h Advisory Committee and Researchers� IslamicFinanceMarketPlayer

Target Audience

Our Trainers

Bank Negara Malaysia Shari’ah Standards onMURABAHAH and TAWARRUQ: SHARI’AH, LEGAL and ACCOUNTING Perspective

YOURPREMIERPARTNERINSHARI’AHCONSULTANCY

For more information: Call +603-7651 4252 (Mr Mazrul / Ms Shaira) http://consultancy.isra.my

15 March 2017 | Kuala Lumpur

Shari’ah Standards issued by Bank Negara Malaysia are pertinentto provide guidelines on the features of Shari’ah contracts applied in Islamic financial transactions. The required and optional featuresspecifiedintheStandardsshallserveasguidelinesforIslamicfinancialinstitutions to applyShari’ah contracts in developing Islamic financialproductsandservices.This training focusseson the latest updateofShari’ahStandards i.e.Murabahah and Tawarruq, which are specially designedandtailor-madetomeettheneedandexpectationofthekeystakeholders of the industry. Participantswill be exposed to differentscope of Shari’ah, legal and accounting perspective through interactive sessionswithourhighprofileexperts

At the end of the training, you will be able to: � analyse the Shari’ah Standards from Shari’ah, Legal and Accounting point of views.

� evaluate Shari’ah & legal issues and challenges in the implementation of the Shari’ah Standards and the way out.

� Identify potential mistakes in the operations and practicalapplication of the Murabahah and Tawarruq contract through case studies.

� applytipsandknowledgetoavoidanyinaccuraciesthatmayleadtoShari’ahnon-complianceevent.

Introduction

Learning Outcomes

Prof Dr Ashraf Md HashimCEO ICSB & SAC BNM

Ustaz Burhanuddin LukmanResearcher ISRA & SAC BNM

Puan Fakihah AzahariLaw Practitioner, Certified Mediator/Arbitrator

Prof Dr Zulkarnain Muhamad SoriProfessor of Accounting, INCEIF

1 & 2 March 2017 | Kuala Lumpur

DAY 1 (1 March 2017)

8.30 am Registration

9.00 am SESSION I � Shari’ah Standards of Murabahah and Tawarruq: An Overview

� Definition & Nature of Murabahah & Tawarruq � Components of Murabahah & Tawarruq o Contracting Parties, Offer & Acceptance, Asset, Price

10.30am RefreshmentandCoffeeBreak

11.00 am SESSION II � Asset in Murabahah and Tawarruq oShari’ahRequirementsandOptionalPractices o Shari’ah Issues: Case Study

12.30 pm Lunch and Zuhr Prayer

2.00 pm SESSION III � Price in Murabahah and Tawarruq oShari’ahRequirementsandOptionalPractices o Shari’ah Issues: Case Study

3.30 pm SESSION IV� Dissolution (Faskh) and Completion (Intiha’) of Murabahah

and Tawarruq Contract

5.00pm Refreshment/EndofSession

DAY 2 (2 March 2017)

8.30 am Registration

9.00 am SESSION V � Arrangement of Murabahah & Tawarruq with other Contracts or Concepts

o Arrangement with Wa`d and Wakalah. o Implementation of a Dual- Agency in a Tawarruq Arrangement

10.30am RefreshmentandCoffeeBreak

11.00 am SESSION VI � Arrangement of Murabahah & Tawarruq with other Contracts

or Concepts .... cont o Arrangement with Kafalah, Rahn, Hamish Jiddiyyah, and

Urbun o Arrangement of Murabahah & Tawarruq with Rebate (Ibra’),

Ta’widh(Compensation)and/orGharamah(Penalty).

12.30 pm Lunch and Zuhr Prayer

2.00 pm SESSION VII � Application of Murabahah and Tawarruq parameters from

legal perspective � Aplication of Mudarabah and Musharakah parameters from

legal perspective.

3.30 pm SESSION VIII� Accounting For Murabahah And Tawarruq based Financing o Case Study : Restructuring, Rescheduling, Ibra’ for Early

Settlement.

5.00pm Refreshment/EndofSession

Course Programme

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APPROVING OFFICER

Regular : RM 2385.00 per person Group/Early Bird : RM 2385.00* per person(AGroupconsistsofmorethan3personsfromthesameorganisation. EarlyBird-by10February2017)

Book your seat now! : Special gift for early bird/group registration

Note:Areceiptwillbeissueduponfullpayment.Registrationfeesmustbepaidbeforethecommencementtheevent. Allchequesaremadepayableto:ISRAConsultancySdn.Bhd.Bank:CIMBIslamicBankAccountNo.:86-0048555-4Branch:Section14,PetalingJaya,SelangorSwiftCode:CTBBMYKL

ChequeNo./Bank:................/………………….Bank-InCash(RM):............................

*No refundwill be issued for cancellations. If youareunable toattend, youmaynominate a substitute participant without additional cost. If there is no replacementavailable,youwillberefundedafterthedeductionofactualcost.

BANK NEGARA MALAYSIA SHARI’AH STANDARDS ON MURABAHAH AND TAWARRUQ:

SHARI’AH, LEGAL and ACCOUNTING Perspective