Past Event
We are pleased to announce the IIFM Standards Master Class on Hedging and Liquidity Management, jointly organized by the International Islamic Financial Market (IIFM) and Dar Al Sharia (DAS). This 3 day in person workshop will be held from 8th April to 10th April 2025 in Dubai, United Arab Emirates.
The workshop will cover the following IIFM Standards, including the three New IIFM Hedging Standards 17, 18, and 19.
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
IIFM Standard - 17: ISDA/IIFM Mubadalatul Arbaah (MA) (Profit Rate Swap) – Single Sale (2024 Version)
IIFM Standard - 18: ISDA/IIFM Mubadalatul Arbaah (MA) (Profit Rate Swap) – Two Sale (2024 Version)
IIFM Standard - 19: ISDA/IIFM Islamic Cross-Currency Swap (ICRCS) – (2024 Version)
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, participants will be able to:
- Develop an understanding of the underlying Shari’ah structures for Hedging and Liquidity Management
- Know the required documentation and execution process for Shari’ah-compliant alternatives
- Understand the IIFM Standards on Hedging and Liquidity Management, including their application in day-to-day requirements
Industry Experts Leading the Master Class:
- Ammar Ahmed, CEO, Dar Al Sharia
- Ijlal Alvi, CEO, IIFM
- Nazir Mian Muhammad, 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 reference. Please complete the registration form and submit it to training@daralsharia.ae and copy training@iifm.net
The course is limited to 20 participants. We encourage you to register early.