IIFM Workshop On Islamic Hedging & Liquidity Management

8:30 AM - 9:00 AM

REGISTRATION AND MORNING REFRESHMENTS

9:00 AM - 9:05 AM

RECITATION OF HOLY QURAN

9:05 AM - 9:15 AM

WELCOME REMARKS

Mr. Abdulrazak Elkhraijy, EVP & Head of Shari’ah Group, The National Commercial Bank, Jeddah

9:15 AM - 9:30 AM

OPENING REMARKS

Mr. Khalid Hamad Abdul Rahman Hamad, Chairman, IIFM, Manama

9:30 AM - 11:00 AM

DEVELOPMENTS IN ISLAMIC HEDGING SEGMENT

- Shari’ah Parameters of Islamic Hedging
- Tahawwut (Hedging) Master Agreement – Key Terms and Conditions
- Hedging/Risk Mitigation Products & IIFM Standard Products Templates
- Law Reforms (Netting Law & New Regulatory Requirements) & Islamic Credit Support Arrangement

Speakers

1) Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM, Manama

2) Mr. Tim Plews, Partner, Clifford Chance LLP, Riyadh

11:00 AM - 11:30 AM

REFRESHMENT BREAK

11:30 AM - 12:15 PM

COLLATERALIZATION OF ISLAMIC SECURITIES AS A LIQUIDITY MANAGEMENT TOOL

- IIFM Standard Master Collateralized Murabahah Agreement & Guidance Memorandum
- Tri-Party Arrangement for Collateral Management (International & Domestic)

Speakers

1) Mr. Ismail Dadabhoy, Advisor, IIFM, Dubai

2) Mr. Sabri Ulus, Head – Islamic Treasury Solutions, The National Commercial Bank, Jeddah

12:15 PM - 1:00 PM

UNRESTRICTED WAKALAH AS A LIQUIDITY MANAGEMENT TOOL

- IIFM Standard Inter-Bank Unrestricted Master Investment Wakalah Agreement & Operational Guidance Memorandum
- Accounting Assessment

Speakers

1) Mr. Kamal Abdelkarim Hassan, Manager – Treasury & Financial Institutions, Kuwait Finance House – Bahrain, Manama (TBC)

2) Mr. Ijlal Ahmed Alvi, Chief Executive Officer, IIFM, Manama

1:00 PM - 1:30 PM

QUESTIONS AND ANSWERS SESSION

1:30 PM - 2:00 PM

LUNCHEON HOSTED BY THE NATIONAL COMMERCIAL BANK & END OF WORKSHOP