TWO DAY BACK-TO-BACK COURSES BY MUAMALAH DAY ONE 18 JANUARY 2012 FUNDAMENTAL MUAMALAT FOR ISLAMIC FINANCE &

p; INVESTMENT PRACTITIONERS (10 SIDC CPE points) The missing prerequisite subject for all Islamic Finance & Investment Practitioners

DAY TWO 19 JANUARY 2012 SUKUK, ISLAMIC BONDS & SECURITISATION COURSE (10 SIDC CPE points) One Day Basics of Sukuk Course for all Professionals. Principles, structures, legal documents and termsheets, local and international. Including Sukuk from the Issuers point of view

Led by Muhammad Zahid Abdul Aziz renowned Islamic Capital Market Consultant and Trainer

COURSE FEES DAY ONE ONLY FUNDAMENTAL MUAMALAT FOR ISLAMIC FINANCE & INVESTMENT PRACTITIONERS RM 750/- PER PARTICIPANT DAY TWO ONLY SUKUK, ISLAMIC BONDS & SECURITISATION COURSE RM 750/- PER PARTICIPANT COMBINATION FEES COMBINATION DAY ONE DAY TWO BOTH DAYS FEES PER PARTICIPANT RM750 RM750 RM1300 SAVINGS RM200

THIS COURSE IS SIDCCPE

VENUE ORGANISED BY

PJ Hilton, Petaling Jaya, Selangor

Muamalah Financial Consulting Sdn. Bhd 17-01, First Floor, DBayu, Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor, Malaysia. Tel: 03-7842 5187, 012 212 5405 Fax: 03-78473214, 03-7842 5201 Email: muamalah_consulting@hotmail.co m Website http://muamalahconsulting.tripod.c om

FUNDAMENTAL MUAMALAT FOR ISLAMIC FINANCE & INVESTMENT PRACTITIONERS

*Another New Course by Muamalah*

Led by Muhammad Zahid Abdul Aziz, Director, Muamalah. Renowned Pioneer in Islamic Capital Market Instruments.
Introduction to Fundamental Muamalat, the missing pre requisite subject for all Islamic Finance and Investment Practitioners. Covers basics of Muamalat from Sources of Hukum to Maqasid AlSyariah (Objectives of Syariah). From Legal Maxims to Definitions of Property, Rights or Haq as Assets, Characteristics of Assets (Maal), What is Meant by Ownership (Milkiah), to the Theory of Contract (Aqd) in Syariah and the Prohibited Elements. Islamic Law & Islamic Jurisprudence (Fiqh & Usul Fiqh) Quran, Sunnah,Ijma,Qiyas,Istihsan,Sadd Dharai,Maslahah Mursalah, Urf, Istishab, Hukum SharI, Hukum Wadhi ; Objectives of Syariah (Maqasid Syariah) Education of Mankind, Establishment of Justice, Realisation of Maslahah, Dharurriyat, Hajjiyat, Tahsiniyyat; Legal Maxims (Majelle) ; Private Property (Maal) Definition, Hanafi & other Schools, Classifications of Property; Right & Obligation (Haq & Dayn) Haqqullah & Haqqunnas, Pillars of Right, Classifications of Rights; Ownership (Milkiyah) Definition, Cause for Ownerships, Complete & Incomplete Ownership, Restriction of Ownership, Properties that Cannot be Owned Theory of Contract in Syariah (Aqd) Definition, Pillars of Contract, Purpose and effect, Conditions of Contracts, Classifications of Contracts, Options; and Terminations of Contract; Prohibited Elements Definitions & Classifications, Illustrations Riba, Gharar, Maysir,Haram

DATE VENUE ORGANISED BY

18TH JANUARY 2012

PJ Hilton, Petaling Jaya

Muamalah Financial Consulting Sdn. Bhd 17-01, First Floor, DBayu,Jln Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor Tel: 03- 7842 5187 Fax: 03-7847 3214, 03-7842 5201 Email : muamalah_consulting@hotmail.com Website http://muamalahconsulting.tripod.com

THE PROGRAMME This Course will provide a solid grounding in basic Muamalat as essential pre requisite knowledge for Islamic Finance and Investment Practitioners. Provides missing perspective to the philosophy behind Islamic Finance and Investment ; the pursuit of universal values that benefits all mankind. THE PARTICIPANTS
All Islamic Finance & Investment Practitioners, including Commercial Bankers, Investment Bankers, Central, Development, Cooperative & Other Bankers, Islamic Stockbrokers, Fund Managers, Unit Trust Players, Financial Advisers, Corporate Finance Advisers, Investment Advisers, Legal Personnel and Advisors, Trustees, Venture Capitalists,Analysts, Researchers, Dealers, Remisiers, Asset Managers, Educationists, Syariah Compliance Officers and all Compliance Officers Islamic Banking Officers / Managers All Legal Practitioners/Accountants/Auditors General Managers/Managers/ Officers of Corporate Organizations, SEDCs, State Agencies, Departments and Corporations; Directors of Listed/ Unlisted Companies Academics and Consultants Individuals / Entrepreneurs. THE ORGANIZER Muamalah Financial Consulting Sdn Bhd (Muamalah) comprises a team of former Islamic Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/ Seminars/ Workshop to the Financial Industry: In-house Course on Islamic Syndications, Securitisation and Legal Aspects for Alliance Merchant Bank Bhd In-house Islamic Trade Finance Course for Public Bank Bhd In-house Islamic Capital Market Workshop for Bank Islam (M) Bhd, Hong Leong Bank Bhd and Malaysian International Merchant Bankers Berhad Public Islamic Bonds & Islamic Capital Market Course, M Hotel, Singapore- In House Syariah Broking Course for Permodalan Nasional Berhad and Bursa Malaysia Bhd. In house Fundamental Muamalat Course for Maybank Investment Bank. In house courses for Ambank Group, Public Mutual, Federation of Investment Managers Malaysia, and JB Corp. Joint venture Courses with Sabah Law Association, Penang Bar Committee, Universiti Sains

INVESTMENT

RM750 per participant. Fee is inclusive of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board.
PAYMENT Payment should be made by crossed cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All payment to be paid at least a week before the course date. CANCELLATION & TRANSFER A replacement is allowed should a participant is unable to attend. For cancellation received in writing within one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written notice of withdrawal is received more than two weeks prior to the course date.

SPEAKERS PROFILE Muhammad Zahid Abdul Aziz Director, Muamalah Financial Consulting

Sdn Bhd.
Muhammad Zahid Abdul Aziz holds a Bachelors Degree in Economics from University of Exeter, United Kingdom. After graduating in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Islamic Bond Issuance. His last post at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Islamic Bond Issues during his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad. He is presently a post graduate student in Islamic Finance at the International Islamic University Malaysia and at other times an internationally renowned lecturer in Islamic Finance and similar subjects having taught in Dubai, Saudi Arabia, Korea, Brunei, Indonesia, Singapore and Sri Lanka

THE PROGRAMME 8.30 am - Registration 2.00 pm 3.30pm Theory (Aqd) of Contract in Syariah

9.00 am Islamic Law & Islamic Jurisprudence (Fiqh & Usul Fiqh) Quran, Sunnah,Ijma,Qiyas,Is tihsan,Sadd Dharai, Maslahah Mursalah, Urf, Istishab, Hukum SharI, Hukum Wadhi Objectives of Syariah (Maqasid Syariah) Education of Mankind, Establishment of Justice, Realisation of Maslahah, Dharurriyat,Hajjiyat, Tahsiniyyat Legal Maxims (Majelle)

Definition, Pillars of Contract, Purpose and effect, Conditions of Contracts, Classifications of Contracts, Options; and Terminations of Contract

3.30pm Break

3.45pm

Afternoon

10.30 am 11.00 am - Morning Break

3.45pm 5.00 pm Prohibited Elements Definitions & Classifications, Illustrations

11.00 am to 1 pm Private Property (Maal) Definition, Hanafi & other Schools, Classifications of Property Right & Obligation (Haq & Dayn) Haqqullah & Haqqunnas, Pillars of Right, Classifications of Rights Ownership (Milkiyah) Definition, Cause for Ownerships, Complete & Incomplete Ownership, Restriction of Ownership, Properties that Cannot be Owned Riba, Gharar, Maysir, Haram

5.00 pm - End

1.00 pm 2.00 pm Lunch

THIS COURSE IS SIDCCPE

ISLAMIC BONDS, SUKUK & SECURITISATION COURSE (Conducted by Muhammad Zahid Abdul Aziz, Renowned Pioneer in Islamic Capital market)
What is an Islamic Bond or Sukuk? Explaining BBA Notes, Islamic Commercial Papers, Islamic Medium Term Notes, Principal features of Mudarabah and Musyarakah Sukuk. Are current issuances of Musyarakah Sukuk based on Musyarakah? Unraveling the differences between South East Asian and Middle Eastern interpretations. Is BBA not acceptable or the bipartite nature of BBA which is at issue? Is it true that Middle Eastern Islamic Finance is based on equity instead of debt? Why do Sukuk structurers in all jurisdictions issue Musyarakah Sukuk with debt features? Sovereign Sukuk- structures and termsheets. Sukuk from the point of view of the Issuer. What kind of projects are eligible? Basic criteria for potential issuers. Rating process. Issuance procedures. Costs of Issuances. How long does it take to see the money? Accounting entries. SC Guidelines on Sukuk. Computation and Case Study based on actual issuance. Principle features of Middle Eastern Sukuk. Sukuk Ijara, Sukuk Musharaka and Exchangeable Sukuk. Term sheet Structures and outline legal documents
DATE VENUE ORGANISED BY 19th January 2012

PJ Hilton Selangor
Muamalah Financial Consulting Sdn. Bhd 17-01, First Floor, DBayu,Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor Tel: 03-7842 5187, 012 212 5405 Fax: 03 -7847 3214, 03-7842 5201 Email: muamalah_consulting@hotmail.com Website http://muamalahconsulting.tripod.com

THE PROGRAMME

The Course will provide a solid grounding in concepts and principles leading to enhanced appreciation of the latest developments in the Islamic Capital Market. Practical examples and interactive sessions will reinforce the Participants understanding of Sukuk. Learning outcomes The participants will be able to: 1) Explain the basic features of Malaysian Sukuk 2) Outline the steps to issue sukuk from the point of view of the Sukuk Issuer 3) Compute Face values of Primary and Secondary Sukuk Notes Described the basic features of Middle Eastern Sukuk
THE PARTICIPANTS
Debt Capital Market Personnel of Banks and Universal Brokers Corporate Banking Personnels Corporate Finance Personnels Investment Bankers / Merchant Bankers; Islamic Banking Officers / Managers Legal Practitioners Fund Managers, Dealers, Remisiers, Asset Managers, Venture Capitalists, Investment Advisers, Analysts, Researchers General Managers/Managers/ Officers of Corporate Organizations, SEDCs, State Agencies, Departments and Corporations; Directors of Listed/ Unlisted Companies Academics and Consultants Accountants / Auditors; and Individuals / Entrepreneurs. THE ORGANIZER Muamalah Financial Consulting Sdn Bhd (Muamalah) comprises a team of former Islamic Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/ Seminars/ Workshop to the Financial Industry: In-house Courses for Alliance Merchant Bank Bhd, Public Bank Bhd, Bank Islam (M) Bhd, Hong Leong Bank Bhd, Malaysian International Merchant Bankers Berhad. Permodalan Nasional Berhad, PNBi,

INVESTMENT

RM750 per participant. Fee is inclusive of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board.
PAYMENT

Payment should be made by crossed cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All payment to be paid at least a week before the course date.
CANCELLATION & TRANSFER

A replacement is allowed should a participant is unable to attend. For cancellation received in writing within one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written notice of withdrawal is received more than two weeks prior to the course date.

SPEAKERS PROFILE Muhammad Zahid Abdul Aziz Director, Muamalah Financial Consulting Sdn Bhd.
Muhammad Zahid Abdul Aziz holds a Bachelors Degree in Economics from University of Exeter, United Kingdom. After graduating in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Islamic Bond Issuance. His last post at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Islamic Bond Issues during his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad. He is presently a post graduate student in Islamic Finance at the International Islamic University Malaysia and at other times an internationally renowned lecturer in Islamic Finance and similar subjects having taught in Dubai, Saudi Arabia, Korea, Brunei, Indonesia, Singapore and Sri Lanka

Bursa Malaysia Bhd, Maybank Investment Bank Ambank Investment Bank, Federation of Investment Managers Malaysia, EPF, JB Corp and
Public Mutual Joint venture Courses with Sabah Law Association, Penang Bar Committee, Universiti Sains Malaysia, and the Malaysian Institute of Accountants

The Programme 1st session 9.00 am 10.30 am

. Principal Features of local Sukuk and Its Latest Developments. Principal features of Sukuk BBA Principal features of Sukuk Murabahah Principal features of Sukuk IMTNs Principal features of Musyarakah/ Mudharabah Bonds - Project Gold Analysing the Structure and Features of Malaysias First Islamic Sovereign Issue.

10.30 -11 am Coffee Break 2nd session 11.00 am 1 pm

USD600 million Sukuk Ijarah/ Trust Certificate Issuance on behalf of Malaysia Global Sukuk Inc. Issuing a Sukuk 1. Sukuk Issuance from the Issuers Perspective. - Eligibility of projects for Sukuk Financing. - Basic criteria for companies to be eligible to issue Sukuk. - The Rating Process and Significance of Ratings. - The Issuance Procedure/ Requirements. - Advisors / Consultants. - Detailed Costs Breakdown. - Period taken and timetable to Financial Close. - Accounting entries for Islamic Bonds. Complying with Securities Commissions Guidelines on Sukuk Issuance. Concepts, structure, term sheet, legal documentation, Administrative and Operational procedure and Documents. Eligibility of transacted asset/project Islamic Capital Market Exercises

1pm -2pm Lunch

I) Computing the face value of Primary and Secondary notes. II) Designing an Sukuk Term sheet for a potential Issuer
Principal Features of Middle Eastern Sukuk and its Latest Developments 1) Sukuk Ijara Structure

3rd session 2.00 pm 3.30 pm

3.30 pm -4 pm Tea Break 4th session 3.30 pm 5.00 pm

2) Sovereign Sukuk Ijara Detailed analysis of Ijara based Structure, Termsheet & Outline Legal Documents Investment Dar Sukuk Musharaka Structure & Termsheet Paka Capital Exchangeable SukukAnalysis of Structure, Term Sheet & Outline Legal Documents

Bank Islam Malaysia Bhd., Bank Muamalat Malaysia Bhd., Bank Negara Malaysia, Securities Commission of Malaysia, Bursa Malaysia, Islamic Banking and Finance Institute of Malaysia, Labuan Offshore Financial Services Authority. Islamic Bank of Brunei, Islamic Development Bank of Brunei, Brunei LNG,Shell Malaysia, Monetary Authority of Singapore, Majlis Ugama Islam Singapura, Emirates Global Islamic Bank Ltd, State Bank of India, Plentytrak Pty Ltd Australia, Kuwait Finance House, Citibank (M) Bhd, Telekom Malaysia, Affin Investment Bank, RHB Investment Bank, Muamalat Invest, Affin Islamic Bank, AM Investment Bank, Maybank Investment Bank, Eon Investment Bank, Alliance Investment Bank, Deutschebank, , CIMB Investment Investment Bank, OSK Investment Investment Bank, KAF Investment Kenanga Bank, Southern Bank, Bank,Public Bank,K&N Investment

HongLeong Islamic Bank, CIMB Islamic Bank, Ambank Islamic Bank,Eoncap Islamic Bank, RHB Islamic Bank, Maybank Islamic Bank, SME Bank, Prudential Fund Management, BN Paribas Capital, Sarawak SEDC, Kuching Water Board, CMS Trust Management Bhd, Permodalan ASSAR Bhd, RHB Bank, Sulong & Sinsua, Sulong & Co, Ng & Anuar., Shearn Delamore & Co., Southern Bank, MAA Corporate Advisory., Ain Medicare., Tenunan Budi., Affin Discount ., Bimsec Asset Management ., Leader Universal Holdings., Albar & Partners, A.B. Sidek & Co., Lembaga Tabung Haji, Air Kelantan, Offshore Works., KM Chye & Murad, ., Ingress Corporation., Ranhill Utilities ., Affin Bank ., Abdullah Abdul Rahman & Co., Nik Hisham, Ainul Azam & Fakihah, Hisham Sobri & Kadir, Raslan Loong, Zain & Co., Kumpulan Prasarana Rakyat Johor., CIMB, Ambank Islamic Banking Division, Pacific Alliance Capital , Wong & Partners, RHB Securities, Standard London (Asia) , JPMorgan (M) , Commerce Asset Fund Managers , Bumiwerks Capital Management , PricewaterhouseCoopers, Azmi & Associates, Hong Leong Bank , Phillip Capital Management , Nomura Advisory Services (M) , Ghazi & Lim, JMF Asset Management , BIMB Securities , RHB Asset Management , HSBC Bank (M) , TAMCO Corporate Holdings , SBB Securities, Nam Fatt Corporation , Lee Choon Wan & Co, Bank Kerjasama Rakyat (M) , , Malaysian Resources Corporation Bhd, JF APEX Securities, , Redmax, BIMB Unit Trust Management, Ambank Group, Lityan Systems , Pheim Asset Management , Perkasa Normandy Holdings , Amanah SSCM Asset Management , OCBC Bank (M) , Raja Darry & Loh, Ranhill Bhd, Felcra, HLG Unit Trust, HLG Asset Management, Malakoff, Ayer Hitam Planting Syndicate, SBB Mutual, Asiatic Development, Amfutures , K&N Kenanga Holdings, KL City Securities, Mayban Ventures Sdn Bhd, Shell Gas & Power (Singapore), SHH Resources Holdings Bhd, Affin Fund Management Sdn Bhd, K&N Kenanga Bhd,, Berjaya Group Bhd, Pengurusan Danaharta Nasional Bhd, Saujana Consolidated Bhd, MIDF Bhd, Hap Seng Consolidated Bhd, Mayban Securities Sdn Bhd, Mayban Investment Management Sdn Bhd Eng Teknologi Holdings Bhd, Dunham-Bush (M) Bhd, BH Global Advisers Sdn Bhd, HSBC Asset Management Spore Ltd, OCBC Asset Management Ltd, Ong First Pte Ltd, ST Asset Management Pte Ltd, Aberdeen Asset

REGISTRATION FORM COMBINATION DAY ONE & DAY TWO DAY ONE ONLY DAY TWO ONLY

FEES RM1300 RM 750 RM750

Please Tick

Day One Fundamental Muamalat For Islamic Finance & Investment Practitioners 18th January 2012 Day Two Sukuk, Islamic Bonds & Securitisation Course 19th January 2012 Venue: PJ Hilton.
Register now Enrolment is based on First Come First Served Basis. Complete and Return the Registration Form to: Address Telephone E-mail Muamalah Financial Consulting 03-7842 5187, Sdn Bhd 012- 212 5405 muamalah_consulting@hot 17-01, First Floor, DBayu, Fax mail.com Jalan Serambi U8/21, Bukit 03-7847 3214, Jelutong, 03-7842 5201 http://muamalahconsulting 40150 Shah Alam, Selangor. .tripod.com PERSONAL DETAILS N o 1. 2. 3. 4. Details of Participants Name : Designation : *License No: Name : Designation : *License No: Name : Designation : *License No: Name : Designation : *License No: (Photocopy the form for additional participants) Fee (RM)

NRIC: NRIC: NRIC: NRIC G ross Total Less (Discount) Net Total

Companys name : Tel no. : Fax No. : Person In charge : Address : Email : * For SC Licensed Representatives only
Payment Details: I have read and understood the booking terms and conditions. Please register the abovenamed participants and enclosed please find the required fee.

Authorised Signatory signature: Name : Designation : Date :