Specialized Training Workshop on Islamic Banking & Finance

1. Jointly Organized by Mul?-purpose Coopera?ve Society Limited Center of Islamic Banking & Economics Two Days 19 -20 April, 2017 at Mauri?us Registered with FAA as Training Provider

2. ALHUDA CENTER OF ISLAMIC BANKING AND ECONOMICS AlHuda Center of Islamic Banking and Economics (CIBE) is a pioneer organization started its efforts to promote Islamic Banking and Finance eleven years ago. In these working years, AlHuda CIBE is acknowledged all around the world due to its excellent services and its team of dedicated professionals who are equipped to continue thriving. AlHuda CIBE has primarily been committed to provide quality services. Based on this principal, the recognition of AlHuda CIBE is increasing by leaps & bounds. It has built up a range of excellent services in the promotion of Islamic Banking and Finance into the masses such as Advisory & Consultancy, Research & Development, Education & Capacity Building, Shariah Advisory and Publications & Events. AlHuda CIBE is increasing its outreach globally also making a close interaction with Global market which enables to gather market information efficiently and activate service operations whenever and wherever it needed. ABOUT MAURITIUS Mauritius with its mixed population of Europeans, Africans and Asian has a reputation for peaceful co-existence and racial harmony, as well as economic and political stability. The island covers an area of 1,865 square kilometers. It is now emerging as a major international business platform in this region of the world aided by the fact that its population of 1.3 million inhabitants has the highest adult literacy rate for the whole of Africa as a result of free education at primary and secondary school level. Mauritius is an active player in the global Islamic finance industry. Indeed, a combination of fiscal and non-fiscal factors has made Mauritius particularly attractive as a jurisdiction in which to structure Islamic financial system. . ABOUT ISLAMIC BANKING & FINANCE Islamic Banking and Finance has been a hope for the purified financial system around the globe and is being considered as the best option to address the damages of interest based system in Baking and Financial Industry. The growth indicators for Islamic Banking and Finance ensure its strength and global acceptance. Importantly the recent global finance crises have proved the rationality behind Islamic Banking and Finance when no substantial damage to the Islamic Banking and Finance industry was evidenced in consequences of such global finance crises. Beside the appreciable growth indicators in Islamic Banking and Finance the lack of human capital and skilled personnel have been the critical areas which require immediate attention.

3. Riba & Its Prohibition • What is Riba (Interest)? Prohibition of Riba in Islam. • Types of Riba o Ribat ul Nissayah o Ribat ul Fadle o Riba in Modern Banking and Finance. o Murabaha as financing mode o Stages involve in Murabaha Transaction. o Shariah compliance & legal documentation of Murabaha contract. o Murabaha in International Trade. o Practical aspects & issues of Murabahah • Salam & Istisna o Basics of BaiIstisna & BaiIstisna o Difference between Salam & Istisna o Practical implementation of Salam &Istisna. Islamic Economics • Introduction to Islamic Economics System. • Land, Labor, Wages and Entrepreneur Laws in Islamic Economics. • Comparison of Islamic Economic System with Socialism & Capitalism. Rental Based Modes of Islamic Banking & Finance • Ijarah (Islamic Lease) o Introduction and Brief Perspective of Ijarah. o Sharia’h alternative of Conventional Leasing - Ijarah. o Ijarah (Operating Lease) vs. conventional leasing (Financial Leasing) • Sharia’h compliance of Ijarah o Legal framework & documentations for ijarah products o Basic feature of Ijarah contract & Its Operational Mechanism • Practical aspects & Issues of Ijarah. o Practical Implementation of Ijarah o Ijarah as ideal mode for vehicle, Machinery & Fixed asset Financing. Islamic Banking and Finance industry in Mauritius • Introduction to Islamic Banking and Finance. • Overview of Islamic Banking and Financial Industry – Worldwide. • Islamic Banking and Finance in Mauritius (Potential and future prospects) • Islamic Banking Products in Mauritius • Shariah Perspective of Islamic Banking and Finance Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah) • Mudarabah o The basic rules and Features of Mudarabah o Distribution of Profit & Loss in Mudarabah • Musharakah o The basic rules and Features of Musharakah. o Distribution of Profit & Loss in Musharakah. • Diminishing Musharakah o Determine the Rental in Diminishing Musharakah o Unit Sale mechanism in Diminishing Musharakah o Diminishing Musharakah as Ideal product for Islamic Housing Finance. Takaful (Islamic Insurance) • Introduction to Takaful ( Islamic Insurance ) • Structural & Operational details of Takaful, • Legal and regularity framework in Takaful. Sukuk (Islamic Bond) • Sukuk ( Islamic Bond) • Mechanism and Structuring of Sukuk • Latest Trend in Sukuk Risk Management in Islam Banking & Finance • Introduction of Risk and Its Management. o Concept of Risk and Its Type o Use of Derivative, Future, Hedging & Swaps Instruments. o Islamic Perspective for Risk Management o Fundamentals of risk Management in Islam. • Risk Management of Islamic Banking o Type of Risk in Islamic Banking and Financial Instruments (other than insurance) i.e. Credit Risk, Equity Risk, Market Risk, Liquidity Risk, Rate of Return Risk, Operational Risk, Political Risk, Internal Risk, External Risk etc. Trade Based Mode of Islamic Banking & Finance (Murabahah, Musawamah, Salam & Istisna) • Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance. o Some Basic Types of Bai ( Murabahah, Salam, Istisna, Tawarruq, Musawamah Surf, Eenna, Touliya, Wadhiaetc ) o Bai according to Quality (Bai Salah, Bai Fasid, Bai Batil, Bai Maqoof, Bai Majool, Bai Muqayaddah, Bai Mu’ajaletc) • Murabahah o Basic Features of Murabahah

4. Speaker’s Profile Muhammad Zubair Mughal Managing Director, AlHuda CIBE FZ LLE – UAE (Islamic Banking Expert) Muhammad Zubair Mughal is Managing Director of AlHuda CIBE, CEO - Islamic Microfinance Network (IMFN) and Halal Research Council in Pakistan. He has been serving the Islamic Banking and Finance industry for last 12 years with versatility in Islamic Financial Engineering, Modeling, Product Development, Market and Gap Analysis. He is dedicatedly and tirelessly working for the promotion of Islamic Finance through Education, Research, Trainings and Conferences on global canvas. He is also a Chief Editor of a magazine on Islamic Banking and Finance “True Banking” which depicts his strategic vision in Islamic Finance. Muhammad Zubair Mughal is a passionate and hardworking individual with a strategic vision in Islamic Finance. He has served number of public and private sector organizations for Islamic finance advisory and consultancy around the globe. Qazi Abdul Samad Shariah Advisor Bank of Khyber - Pakistan Qazi Abdul Samad is a skilled professional with proficiency in Shari’ahadvisory, in-depth knowledge of Shari’ah Microfinance, innovative, commitment & pro-active approach to work, strong communications &analytical skills and able to manage and train others. Currently, he is workingas a Shari’ah advisor of “The bank of Khyber-Pakistan”. He is also a visitinglecturer of Islamic Financial System in Management Science Department of city university, Peshawar. He has been providing Shariah advisory and supervision to many organizations. He is an author of many articles and presented these to numerous international conferences.

5. Commercial & Conventional Banks Islamic Banks &Islamic Banking Windows Islamic Banking regulators Asset Management Companies Trade Associations/ Chamber of Commerce Mudaraba and Leasing companies Islamic Banking and Finance Universities, Research and Training Centers Students and young professionals in Islamic Banking industry

6. Two Days Specialized Training Workshop on Islamic Banking and Finance 19 -20 April, 2017 at Mauri?us Two Days Specialized Training Workshop on Islamic Banking and Finance 19 -20 April, 2017 at Mauri?us 595/- USD

7. QUALITY PRODUCTS All our services meet the required standards and offer you compe??ve pricing and strict regulatory compliance. HIGHLY SHARIAH COMPLIANCE Our services are carefully designed for strict adherence of the principles of Shariah. Every product, we offer is reviewed, approved, and overseen by highly respected and independent Shariah scholars. SERVICES EXCELLENCE We are commi?ed to the highest level of professionalism and strive to be respec?ul, responsive and reliable. AlHuda CIBE FZ LLE - U.A.E P.O. Box. 120867, Dubai United Arab Emirates. Ph: +971 56 928 6664 AlHuda CIBE - Pakistan 117-G3, Johar Town, Lahore - Pakistan Ph: +92 42 3544 5654, 3591 3096-8 Fax: +92 42 3529 0453 Hotline: +92 331 936 0000