20th - 23rd February 2010, RIYADH

For Registration:

For Inquiries:

Sukuk & Islamic Capital
Markets

 Introduction

Sukuk have emerged over the past 5 years as an increasingly important asset class. These products have a number of objectives: to offer a mechanism for the sharing of profits from a project or asset; to enable organizations to raise capital in a Shariah-compliant fashion; and to expand the investor bases for issuers and offering investment opportunities to new groups. Despite recent decreases in global Sukuk issuance, it is expected that the market will witness an impressive comeback in 2010 as organizations look to raise capital and bolster their balance sheets.

Considering their relative infancy, Sukuk may be structured in a number of increasingly complex ways. Indeed, new products are being continuously developed and further innovation
is underway as Sukuk become more widely accepted and mainstream. Challenges, however, remain: issues concerning ratings, liquidity, Shariah, standardization, product acceptability and documentation all combine to ensure the development of Sukuk instruments is no straightforward task. Further complications have recently arisen due to a number of high profile defaults in the GCC. What have these events taught us about future Sukuk issuances and structures?

This is a highly practical 4 day course delivered by industry expert Abdulkader Thomas that will address all the above issues in detail. The program is conducted in a consultative fashion and all key concepts and structures are illustrated by a case study or an exercise. At various points during the course delegates are expected to work in groups to structure financing solutions for clients, and then present these ideas to the full class.

Who Should Attend?

• Islamic Bankers
• Corporate Financiers
• Investment Bankers
• Corporate and Commercial Bankers
• Private Bankers
• Analysts

• Portfolio Managers
• Consultants & Lawyers
• Investment Advisors
• Regulators
• Government representatives

Topics to discuss:

• Define Islamic contracts for capital markets
• Understand the structure and use of different Sukuk structures
• Assess legal, risk, ratings and financial management issues of Sukuk
• Update yourself on the position of AAOIFI regarding Sukuk structures
• A case-study and exercise driven course

For Additional Information:

www.iobf.org                                                                                                                      Copyright ® 2010