www.sidc.com.my
Islamic
Markets
Programme
2009
Seizing Opportunities while
Strengthening Resilience
21 - 26 June 2009
Islamic Markets Programme 2009
4th Islamic Markets Programme
21 - 26 June 2009
Securities Commission, Kuala Lumpur, Malaysia.
Seizing Opportunities while Strengthening Resilience
Introduction
The past twelve months have seen financial institutions across the world suffer as a result
of the loss of confidence in counterparties, following the bursting of the subprime property
bubble in the US. This has led to the real economy contracting simultaneously in developed
and emerging markets in a manner unseen since World War Two. This contraction will put
further pressure on the profitability and balance sheets of financial intermediaries when what
started as deleveraging by financial institutions turns into non-performing loans of borrowers
in the real economy faced with either a collapse in demand for their products or disruption
in their global supply chains.
The Islamic Capital Market Performed Better
Some financial sectors have performed better than others, and this has been true of the
Islamic Capital Market (ICM) in general. There have been two reasons for this.
First, the underlying principles of Islamic finance made it less vulnerable to the malpractices
taking place in the conventional capital market. The application of Shariah principles has
ensured transparent transactions, where there are underlying real assets to protect the value
of the trades. The aversion to debt has also limited the amount of leverage and therefore
the subsequent deleveraging as well.
Second, the relative lack of sophistication combined with tighter regulatory standards in the
ICM has meant that very few intermediaries had toxic products on their books in the first place.
Consequently write-downs and write-offs have been minimal. Also many ICM intermediaries
experienced the 1997-8 Asian Financial Crisis first hand and learnt the appropriate lessons
regarding NPLs and capital adequacy ratios, giving them stronger balance sheets.
Strengthening Resilience Going Forward
As a result, the ICM is uniquely well-placed to seize growth opportunities because of a stronger
balance sheet and a better reputation. However, to sustain this temporary competitive
advantage, the ICM will need to take actions to strengthen its resilience to the adverse
effects created by the stresses in the conventional markets.
The ICM’s stronger balance sheet and better reputation will help it capture market share and
grow because prospective clients will have confidence in the robustness of their counterparties.
Growth will also depend on the development of new and more complex products and these
may increase exposure to volatility generated in conventional markets. This is a risk and
challenge that will need to be met as the ICM goes forward.
Likely new products will include Shariah-compliant hedging instruments, derivatives, as well
as liquidity creation and risk management tools that are still in their embryonic stages.
It is likely that in order to maintain the credibility and trust that the ICM enjoys, there will
need to be improved regulation and supervision, incorporating risk management strategies
and stress-testing that reflect lessons learned from the current financial crisis. As the market
for Islamic financial planning grows on the back of the surge in interest in the ICM, there will
also be a need for innovative products for wills and testaments to complement the traditional
conventional wills.
Islamic Markets Programme 2009
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Why attend this programme?
The ICM is still young, growing fast and evolving as it grows. To realise its potential, it is critical
to invest in the continuous development, education and promotion of the industry and its
participants.
This programme forms a key part of Malaysia’s strategy for becoming a recognised Islamic Financial
Centre of Excellence, which focuses on an integrated approach to education, regulation as well
as making it easier for investors and market intermediaries to operate in a seamless jurisdictional
regime.
As part of this broader agenda, the annual Islamic Markets Programme (IMP) is designed to share
knowledge and build understanding for both intermediaries and regulators alike at a global and
local level. IMP 2009, focuses on imparting knowledge in the key areas regarding the impact of
Corporate Governance, securitisation, risk management , and improved transactional processes on
sustainable growth for the ICM.
IMP 2009 Content Snapshot
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Fundamentals of Islamic Finance
Global Islamic Capital Market Updates and Developments
Islamic Wealth Management
Corporate Governance and Risk Framework in Islamic Finance
Sukuk Issuance and Structuring
Islamic Securitisation
Contemporary Issues – Innovation, Cross-Border Cooperation, Recent Economic Crisis
Islamic Capital Market Expert Forum
Course Director
Wan Abdul Rahim Kamil Wan Mohamed Ali - Securities Commission Malaysia
Speakers and Panelists
Faculty comprises of Islamic Finance Practitioners and Experts, Shariah Advisors and Islamic Capital
Market Regulator
About SIDC
SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC), the leading capital markets education,
training and information resource provider in ASEAN was incorporated in March 2007.
SIDC has been delivering professional excellence for more than 10 years. We organise training
programmes for Malaysian and foreign regulators, company directors and market professionals as
well as conduct public investor education seminars on wise investing and investors’ rights.
We develop and facilitate training both locally and internationally through a range of programmes
and activities, including conferences, seminars, and workshops. In collaboration with the Securities
Commission Malaysia, we develop examination questions and modules and conduct licensing
examinations as part of the licensing regime for Malaysian capital market intermediaries.
For more information or to view IMP 2008, log on to www.sidc.com.my
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Islamic Markets Programme 2009
Who Should Attend
This programme is designed to cater a wide audience of both new entrants and experienced
practitioners in the world of Islamic Finance. It is directed towards individuals involved in any
aspect of Islamic Finance and would be most useful in preparing professionals dealing with
Islamic products and institutions.
1.
2.
3.
4.
5.
6.
7.
Conventional Bankers
Senior Management
Staff of government bodies
Dealers Representatives
Fund Managers
Shariah lecturers or graduates
New entrants in ICM
Your Investments
The following packages are available to suit your needs:
Package
Date
Fee
Details
A
21-26 June
RM8,000
USD2,189
EUR1,606
· Full Day Kuala Lumpur City Tour
· Full 5-day programme
B
22-26 June
RM7,200
USD1,918
EUR1,407
· Full 5-day programme
C
23-26 June
RM6,300
USD1,728
EUR1,268
· Full 4-day programme
D (for
faculty
23-26 June
members of
university only)
RM5,900
USD1,619
EUR1,188
· Full 4-day programme
Group discounts
· 3 Pax: 5% discount
· 4-10 Pax: 7.5% discount
· More than 10 Pax: 10% discount
Transportation & accommodation
Participants are required to arrange for their own flight, ground transportation and accommodation
during the IMP week.
Travel document
Foreign participants must obtain the visas and health cards necessary for travel to Malaysia.
Note: Participants coming from/through Yellow Fever Endemic areas/countries must produce a valid Yellow Fever Vaccination certificate.
Registration and Inquiries
Marketing & Corporate Services
SIDC
No,3 Persiaran Bukit Kiara, Bukit Kiara, 50490 Kuala Lumpur
 603-62048667/5  603-62018008  [email protected]
Islamic Markets Programme 2009
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Programme Highlights
Sunday, 21 June 2009
10:00 am 6:00 pm Coach pick-up for City Tour
End of City Tour
DAY ONE
Monday, 22 June 2009
INTRODUCTORY WORKSHOP:
Objective: To present insights of the philosophy and fundamentals of ICM and highlight recent developments.
8:30 am Registration
9:00 am Welcome Remarks: Islamic Markets Programme 2009
9:15 am
Ice-Breaker: Getting to Know You
9:30 am Modern Islamic Finance Practice and Challenges
10:30 am
Networking Coffee Break
11:00 am
Understanding and Examining the Requirements of Islamic Laws (Shariah Principles) Governing Islamic Finance
12:00 pm
Current Developments in Islamic Capital Market - Latest News and Key Issues
1:00 pm
Lunch Break
2:00 pm
Global Islamic Capital Market: SWOT
3:00 pm
Tea Break
3:15 pm
Characteristics and Features of Islamic Capital Market Product for Financing and Investment
4:15 pm
Roles and Responsibilities of Shariah Advisors
4:45 pm
Day Debrief by Course Director
5:00 pm
End of Day 1
DAY TWO
Tuesday, 23 June 2009
OPPORTUNITIES IN ISLAMIC WEALTH MANAGEMENT:
Objective: To understand the potential of Shariah based Wealth Management and the need for Innovative Products to match market needs.
9:00 am
10:00 am
Innovation in Islamic Wealth Management and Islamic Financial Planning
Coffee Break
to be continued at page 6
5
Islamic Markets Programme 2009
... ... continuous from page 5
10:15 am
New Age Islamic Structured Products
11:15 am
Shariah Compliant Private Equities – Opportunities and Realties
12:15 pm
Tapping fund from High-Net Worth Markets
1:00 pm
Lunch Break
2:00 pm
Islamic Market Perspectives and Client Needs
2:45 pm
Preserving Islamic Wealth - Strategies & Techniques
3:30 pm
Tea Break
3:45 pm
Shariah Compliant Hedge Funds – Potential and Challenges
4:30 pm
Day Debrief by Course Director
4:45 pm
End of Day 2
DAY THREE
Wednesday, 24 June 2009
STRENGTHENING CG AND RISK FRAMEWORK IN ISLAMIC FINANCE
Objective: To emphasise the importance and need for good CG and Risk Management as a way
forward for Islamic Capital Markets worldwide.
9:00 am
Sukuk Issuance and Structuring: Market’s Perspective
9:45 am
Coffee Break & Photography Session
10:15 am
Case Study: Sukuk Issuance and Structuring
11:00 am
Sustaining Growth in Investor Confidence through Effective CG Implementation
12:00 pm
Shariah Governance and Audit
1:00 pm
Lunch Break
2:00 pm
Managing Systemic Risk in Islamic Capital Market - Lessons From The Recent Global Credit Crunch
2:45 pm
Islamic Derivatives as Tool for Hedging Risk
3:30 pm
Tea Break
3:45 pm
Case Study: Corporate Governance in Islamic Structured Products
4:30 pm
Day Debrief by Course Director
4:45 pm
End of Day 3
Islamic Markets Programme 2009
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DAY FOUR
Thursday, 25 June 2009
ISLAMIC SECURITISATION
Objective: To explore Islamic Securitisation as a tool for Financing and understand the process and concepts involved.
9:00 am
Financing through Islamic Securitisation
9:45 am
Coffee Break
10:00 am
Financing through Islamic Securitisation (Contd.)
10:45 am
Islamic Securitisation Case Study – Malaysia and Indonesia
1:00 pm
Lunch Break
2:00 pm
Regulatory Framework of Islamic Capital Market Product
3:00 pm
Tea Break
3:15 pm
Islamic Venture Capital
4:15 pm
Islamic Exchange Traded Fund (ETF)
4:30 pm
Day Debrief by Course Director
4:45 pm
End of Day 4
DAY FIVE
Friday, 26 June 2009
POTPOURRI: SUSTAINING GROWTH OF ISLAMIC FINANCIAL SERVICES
Objective: To understand crucial factors that will facilitate to thrust the Islamic Capital Market forward as a resilient source of finance
9:00 am
Stress Test – Current Standing of Islamic Finance in the Era of Economic Crisis
10:00 am
Coffee Break
10:15 am
Cross-Border Cooperation In Islamic Capital Market
11:15 am
Innovation in Islamic Capital Market : Possibilities and Potential
12:30 pm
Lunch Break
2:30 pm
Islamic Capital Market Forum: Leveraging on Islamic Ethics to Prosper In Turbulent Times
3:45 pm
Tea Break
4:00 pm
Townhall Session
4:45 pm
Closing Remarks & Certificate Presentation
5:00 pm End of Islamic Markets Programme 2009
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Islamic Markets Programme 2009
Securities Industry
Development Corporation
3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
Malaysia
Tel: (03) 6204 8665/7
Fax: (03) 6201 8008
Email: [email protected]
Islamic Markets Programme 2009