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Selection and Management of Sharia Compliant Funds

By: TSI Limited

Lagos State, Nigeria

24 - 26 Aug, 2015  3 days

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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 returns 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 Aug 24 - 26 Aug, 2015
NGN250,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508,

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