Workshop On IIFM Standards, Kuala Lumpur

2:00 PM - 3:30 PM

ISLAMIC HEDGING STANDARDS

– Need for hedging in Islamic finance
– Background and Overall Developments in Islamic Hedging Segment
– ISDA/IIFM Tahawwut Master Agreement (TMA)
– Unique Clauses and Designated Future Transactions (DFT) Examples
– Islamic Hedging Product Confirmations
– Islamic Profit Rate Swap
– Islamic Cross Currency Swap
– Islamic FX Forward
– Islamic Credit Support Deed
– EU Variation Margin Regulation
– Law Reforms in Islamic Jurisdictions and TMA Legal Opinions

Speakers

Prof. Dr. Mohamad Akram Laldin, Executive Director, International Shari’ah Research Academy for Islamic Finance (ISRA) and Professor, International Centre for Education in Islamic Finance (INCEIF), Kuala Lumpur

Ijlal Ahmed Alvi, Chief Executive Officer, IIFM

Qudeer Latif, Partner, Global Head of Islamic Finance, Clifford Chance LLP, Dubai

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3:30 PM - 3:45 PM

COFFEE BREAK

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3:45 PM - 4:30 PM

ISLAMIC HEDGING STANDARDS (SESSION CONTINUES)

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4:30 PM - 5:30 PM

COLLATERALIZED MURABAHAH STANDARD – ALTERNATE TO REPO

– IIFM Standard Collateral Documentation & Guidance Memorandum – Key Features
– Legal aspects such as:
– Security Interest vs Title Transfer
– Maintenance of Collateral Level
– Treatment of Collateral in case of default etc
– Monitoring and treatment of pledge securities for bilateral transactions
– Bilateral and Triparty Collateral Management arrangements

Speakers

Ismail Dadabhoy, Advisor, IIFM

Qudeer Latif, Partner, Global Head of Islamic Finance, Clifford Chance LLP, Dubai

Mohamed Dagher, Head of Account Management – Middle East, Africa & CIS, Euroclear Bank SA/NV, Dubai Representative Office

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5:30 PM

END OF WORKSHOP