IIFM Standards Master Class on Hedging & Liquidity Management 2024

IIFM and Dar Al Sharia (DAS) are pleased to announce: IIFM Standards Master Class on Hedging and Liquidity Management.

The three day workshop will be held from 21^st October to 23^rd October 2024 in Dubai, United Arab Emirates and will cover the following IIFM Standards:

Islamic Hedging Standards:

• IIFM Standard - 2: ISDA/IIFM Tahawwut (Hedging) Master Agreement
• IIFM Standard - 3: ISDA/IIFM Mubadalatul Arbaah (Islamic Profit Rate Swap) - Single Sale
• IIFM Standard - 4: ISDA/IIFM Mubadalatul Arbaah (Islamic Profit Rate Swap) - Two Sale
• IIFM Standard - 7: ISDA/IIFM Himaayah Min Taqallub As'aar Assarf (Islamic Cross Currency Swaps) - First Leg and Second Leg
• IIFM Standard - 8: ISDA/IIFM Wiqayah Min Taqallub As'aar Assarf (Islamic Foreign Exchange Forward) - Single Binding Wa'ad
• IIFM Standard - 9: ISDA/IIFM Wiqayah Min Taqallub As'aar Assarf (Islamic Foreign Exchange Forward) - Two Unilateral Wa'ad
• IIFM Standard - 10: ISDA/IIFM Islamic Credit Support Deed for Cash Collateral (Variation Margin)
• IIFM Standard - 16: ISDA/IIFM IBOR Fallback Definitions Booklet and Bilateral Amendment Agreement

Islamic Liquidity Management Standards:

• IIFM Standard - 1: Master Agreements for Treasury Placement (MATP)
• IIFM Standard - 5: Inter-Bank Unrestricted Master Investment Wakalah Agreement (UMWA)
• IIFM Standard - 6: Master Collateralized Murabahah Agreement (MCMA)

Learning Outcome:

Upon completion, the Participant will be able to:

• Develop understanding of the underlying Shari’ah structures for Hedging and Liquidity Management
• Know the required documentation and execution process for Shari’ah-compliant alternatives
• Know the IIFM Standards on Hedging and Liquidity Management including its application and adoption in day to day requirements

The objective of the practical and application oriented workshop is to equip finance professionals, industry practitioners and other stakeholders with knowledge of underlying Shari’ah structures, core documentation and execution process for transactions relating to the above IIFM Standards. IIFM and Dar Al Sharia invite financial industry practitioners to take this opportunity to benefit from the workshop where the focus will be on sharing practical experience in negotiation and adoption of IIFM Standards in banking operations. In general the workshop is open for all mid to senior level practitioners with experience of Islamic banking products. However, particularly for teams working in Treasury, Risk Management, Product Development, ALM, Legal, Shari’ah, Audit and Compliance the workshop will provide practical insights into navigating the IIFM Standards.

Master Class will be led by following industry experts and leaders will also conduct sessions during the 3 day course:

• Ammar Ahmed, CEO, Dar Al Sharia
• Ijlal Ahmed Alvi, CEO, IIFM
• Mian Muhammad Nazir, Head of Internal Sharia Control Division, Dubai Islamic Bank PJSC
• Habib Motani, Leading Islamic Finance Lawyer and Consultant, Clifford Chance LLP
• Dr. Mohammad Yahya Mujaddidi, Sharia Supervisory Board Member - Dar Al Sharia

The workshop brochure is attached for your kind information. Please fill the registration form and submit it to training@daralsharia.ae

In order to keep the workshop focused and interactive, the course is limited to 20 participants. Hence, we encourage you to kindly register your interest with Dar Al Sharia as registration is on first come basis.