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Selection and Management of Sharia Compliant Funds

By: TSI Limited

Lagos State, Nigeria

14 - 16 Oct, 2014  3 days

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Course Overview
This training covers all the fundamental aspects of the selection and management of islamic law (sharia)-compatible funds.

Course Objectives
To acquaint participants with the types of funds compatible with Sharia, how to select them and manage them

Course Outline
  • Islamic finance main instruments roundup
  • Islamic finance principles : bans on riba, gharar, and maysir
  • Financing operations related to the assets : murabaha, ijara, istisna'a
  • Mudaraba-type contracts and islamic trust mechanics
  • Advance purchase transactions (bai salam, bai muajjal) and options (arbun)
  • Setup of a sharia-compliant equity fund
  • Defining the range of available investment options : industry exclusion criteria and financial exclusion criteria
  • Defining of a sharia-compatible management style and a sharia-compatible turnover strategy
  • Validation by a sharia board and implementation of a sharia compliance function
  • Liquidity management, risk management and reporting
  • Portfolio liquidity management: murabaha contracts and reverse murabaha contracts
  • Portfolio hedging through Islamic Dow Jones index-based bai salam contracts
  • Setup of a long/short islamic fund under constraint
  • Total return swaps and use of the "purification" technique (tanqyya)
  • Legal aspects, regulatory aspects and tax aspects
  • Rights and duties of the investors (rabb'al mal) and brokers (mudarib)
  • Levy on capital gains and dividends
Sizzler House, 33 International Airport Road, Ajao Estate, Lagos, Nigeria Oct 14 - 16 Oct, 2014
NGN265,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639

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