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32 - ISL- Islamic Banking and Finance
ISL 110 - Sukuk Structures and Development of Sukuk Markets
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| ISL 110 | 26 August 2024 | 5 Days | Istanbul | Registration Form Link |
| ISL 110 | 23 September 2024 | 5 Days | Istanbul | Registration Form Link |
| ISL 110 | 28 October 2024 | 5 Days | Istanbul | Registration Form Link |
| ISL 110 | 02 December 2024 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
This course aims to teach Islamic securitization, Sukuk principles, structures, methodologies and features of Sukuk markets. It covers all the fundamental aspects of sukuk transactions, including issuance, structuring, pricing, and trading. It highlights the importance of Sukuk in long-term financing through project finance, infrastructure and PPPs. It also provides discussions on the investor preferences, liquidity management, legal and regulatory issues, and transparency and disclosures.
Course Objectives
- Describing the types of Sukuk and its distinguished features
- Understanding the principles of Sukuk structuring and Islamic securitization
- Analysing the Sukuk markets and trends
- Discussing the role of Sukuk for long-term financing
- Identifying the legal, regulatory and Shariah parameters
- Providing critical analysis of issues such as pricing, rating, liquidity and risk management in Sukuk
Who Should Attend?
- Portfolio managers
- Experts and examiners in securities and exchange authorities
- Board members
- Sharia-board members
- Wealth management advisors
- Bank regulators
- Sell-side and buy-side analysts
- Risk Specialists
- Compliance managers
Course Details/Schedule
Day 1
- The Role of Islamic capital markets in growth and development
- Introduction to Sukuk Markets – Global Trends
- Roadmap for the development of Sukuk markets
- Definition of Sukuk
- Sukuk vs. Bonds
- Issuance of sukuk vs. issuance of common stocks
- Reasons to issue Sukuk
- Reasons to invest in Sukuk
Day 2
- Islamic securitization
- Asset-backed vs asset-based securitization
- Anatomy of Sukuk and Sukuk structuring
- Types of Sukuk (Ijarah, Murabahah, Mudarabah, Istisna, Salam, Wakalah, Musharakah)
- Rating of Sukuk
- Types of investors and developing an investor base for Sukuk
Day 3
- International sovereign Sukuk market
- Corporate Sukuk market
- Trading Platforms and secondary Sukuk markets
- Sukuk for Municipality Finance
- Sukuk for Infrastructure and PPP investments
- Green Sukuk and Sukuk for socially responsible investments
Day 4
- Sukuk pricing dynamics and valuation methodology
- Risk management issues for Sukuk
- Capital adequacy requirements for Sukuk
- Liquidity management and Sukuk markets
- International Islamic Liquidity Management (IILM) Corporation Short-Term Sukuk Issuance
Day 5
- Regulation and supervision of Sukuk markets
- Legal documentation
- Legal and tax aspects governing Sukuk
- AAOIFI accounting and Sharia standards for Sukuk
- Structure-related and Sharia-related disclosures for Sukuk
