IAIS Malaysia

Upcoming Events

Training: Shar'iah Standards on Murabahah, Tawarruq, Ijarah, Rahn, Qard & Wa’d (SST2017)

22 - 23 May 2017

(Monday & Tuesday)

Venue: IAIS Malaysia, Jalan Elmu, Off Jalan Universiti, Kuala Lumpur, Malaysia.

Organiser:  International Institute of Advanced Islamic Studies (IAIS) Malaysia.

 sst2017 poster 24APR17

 

INTRODUCTION

Shari'ah compliance is the backbone of Islamic financial institutions (IFIs) in which they operate. Ensuring Shari’ah compliant aspect is paramount to maintain the confident level of stakeholders and public at large. Inadequate attention to the whole process of Shari’ah compliant aspect triggers negative repercussion to IFIs, such as massive withdrawal, de-recognition of income and possible legal penalty upon conviction. In striving towards end-to-end Shari'ah compliance under the purview of the Islamic Financial Services Act (IFSA) 2013 , BNM has made some commendable initiatives to strengthen Shari’ah compliant culture in the Malaysian IFIs, notably via the issuance of Shari'ah standards and their operational requirements, featuring the most prevailing and applicable contracts and principles for IFIs in Malaysia. Recognising the importance of these standards for the IFIs, the training offers the latest and insightful update on the Shari’ah standards for Murabahah, Tawarruq, Ijarah, Rahn, Qard, Wa’d & Hibah contracts.

LEARNING OUTCOME

At the end of the training, participants should be able to:
1. Understand the importance of Shari’ah compliance aspect of the IFIs’ activities.
2. Comprehend the key Shari’ah and operational requirements of BNM standards on Murabahah, Tawarruq, Ijarah, Rahn, Qard, Wa’d & Hibah contracts.
3. Understand the requirements for the arrangements of different concepts in IFI products.
4. Identify the gap between the Shariah standards and the IFIs’ existing practices involving Murabahah, Tawarruq, Ijarah, Rahn, Qard, Wa’d & Hibah contracts.

OBJECTIVES OF THE TRAINING

1. To explain the importance of Shari’ah compliance aspect of the IFIs’ activities.
2. To discuss the key Shari’ah and operational requirements of the BNM standards on Murabahah, Tawarruq, Ijarah, Rahn, Qard, Wa’d & Hibah contracts.
3. To examine the current application of Murabahah, Tawarruq, Ijarah, Rahn, Qard, Wa’d & Hibah contracts in the Islamic finance practice.

PROGRAMME

programme updated21APR2017

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FEES

fee sst2017

Registration: 

To regsiter kindly proceed to one of the following payment methods below, IAIS Staff will confirm your registration by email once the payment is received.

 

Payment Method 1: by direct deposit or online transfer made to the above account number. [Scan and email proof of payment inlcuding your Full Name, Email Address and Contact number to: finance@iais.org.my]

Payment Method 2:  by Credit Card (and register online)

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Payment Method 3:  by cheque or bank draft to be made payable to: International Institute of Advanced Islamic Studies (IAIS) Malaysia [inform us by email if you choose this method]

 
acrobat iconDownload Registration Form (not required if paying online line with Payment Method 2)
 
** The fee will cover training and meals only. Participants cover their own travelling and accommodation expenses.

CONTACT INFORMATION

International Institute of Advanced Islamic Studies (IAIS) Malaysia.
Jalan Ilmu, Off Jalan Universiti 59100 Kuala Lumpur, Malaysia.
Tel: +603-7956 9188
 
 

Hikmah

It is enough of a sin for a man to relate all of what he hears. - Hadith

Quotable Quotes

Your reason and your passion are the rudder and the sails of your seafaring soul. If either your sails or your rudder be broken, you can but toss and drift, or else be held at a standstill in mid-seas. - Words of Wisdom from The Prophet by Kahlil Gibran

Humour Without Malice

A bedouin joined the Imam for Fajar Salah. He had an appointment after the prayer but the Imam decided to recite Surah Baqarah (The Cow). As a result of the length of this Surah, the bedouin was delayed and missed his appointment. The next day he arrived early and joined the Imam again, who this time began to recite Surah Feel (The Elephant). As soon as the bedouin heard the word Feel (Elephant), completely angry, the bedouin broke his Salah and left the mosque immediately, shouting "Yesterday you read The Cow and took almost an hour to finish; today you are reciting The Elephant, you will probably finish at midnight."

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