SUKUK (Islamic Finance)

Name: SUKUK (Islamic Finance)
Rating: 4.2 (38 reviews)

Islamic Finance

Created byCGS Center

Last updated 1/2019

English

What you'll learn

The nature of Islamic principles in modern commerce and finance, including its determination and application by Supervisory Boards of Islamic Finance and the issuance of compliance in financial transactions
The current state and anticipated future developments in Islamic finance markets
Types of permissible Sukuk and the standards and parameters applicable to the structuring of Sukuk issuances
Ijara (lease) structures
Istisna'a (construction) structures
Sukuk al-Ijara
Musharaka (joint venture and partnership) and Sukuk al-Musharaka
Mudaraba (service-capital joint ventures and partnerships) and Sukuk al-Mudaraba
Murabaha (sale at a mark-up) and the use of Murabaha in Sukuk and other financing structures
Project financings and the use of Sukuk in those financings, including single Islamic tranche issues
Asset securitization Sukuk, including the study of current case studies

Course content

1 section • 25 lectures • 1h 12m total length

Introduction1:22
What is Islamic Finance? What are the sources of Islamic Finance?1:27
What are the general principles of Islamic Finance?2:39
What is the official definition of SUKUK and who are the parties?1:55
What is the function of Special Purpose Vehicles?3:40
What is the differece between conventional bond and SUKUK?4:30
What is SUKUK?4:43
Why is SUKUK ranked?1:12
Which SUKUK types are traded and What are the guidelines for SUKUK issuance?4:58
What is the comparison between SUKUK, bonds and shares?1:30
What is the purchase undertakings according to AAOIFI Guidelines?1:41
What is the Sukuk al-Ijara?5:43
What is the Sukuk al-Musharaka?4:37
What is the Sukuk al-Mudaraba?4:29
Why issue SUKUK?2:05
What arethe differences between the structure islamic documentation of Ijara etc0:47
What are the advantages and disadvantages of being listed in the market?3:35
How much time it takes to basicly bring a SUKUK to the market?1:40
How do you sell the SUKUK in the market?4:43
What is the differences between asset based and asset backed?4:20
What are the stages of SUKUK issuance?2:23
What is the main documents to an asset based Ijara?1:02
How do you deal the risk in SUKUK?2:18
What are the costs associated with SUKUK issuance?0:47
Conclusion3:55

Requirements

Accounting and Finance

Description

Sukuk is the fastest growing area of Islamic finance. It enables access to wholesale financing and provides the backbone for the development of Islamic capital markets. Most issuances to date have mimicked bond structures that are ultimately dependent upon a sovereign credit. However, the use of Sukuk is rapidly expanding into other areas like project, infrastructure and real estate financings; corporate financings and true asset securitizations. The aim of this workshop is to familiarize individuals practicing in Islamic and conventional finance with the principles, structures, and methodologies and practical transactional issues relating to the use of Sukuk in modern Islamic finance. It will also explain various structures that underlie Sukuk, including the Ijara, Musharaka, Mudaraba, Murabaha and others.

Who this course is for:

Bank employee