Sukuk Learning Series

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Module 3: Structuring and Issuance of Sukuk

Module 3: Structuring and Issuance of Sukuk

Dates:  13 & 14 July 2017
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points

Programme Objective

The programme's objective is to equip participants with technical knowledge on Sukuk issuance in the market. Participants will be exposed on the process of structuring and issuing a Sukuk, current trends of Sukuk issuance, other considerations in issuing Sukuk, different types of Sukuk programmes as well as due diligence process in issuing Sukuk

Learning Outcomes

By the end of this programme, participants will be able to:
  • describe Sukuk structuring and issuance process;
  • describe the current Sukuk trends and issuance in the market;
  • explain commercial considerations in issuing Sukuk;
  • distinguish different types of Sukuk programme; and 
  • explain due diligence process and legal documentation for Sukuk structures

Methodology

The programme will be delivered using interactive presentations, case studies and discussions to complement the audience's on-the-job experience.

Target Audience

Experienced and new professionals or industry practitioners in the capital market, ICM and academia.

  • Programme Outline

    Programme - Day 1
    8:30 am Registration
    9:00 am Current Sukuk Trends and Issuances in the Market
    • Life cycle of a Sukuk issuance
    10:30am Refreshments
    11:00 am Commercial Considerations in Issuing Sukuk
    • Overview of investors perspective
    • Types of investors
    • Investment objectives 
    12:30 pm Lunch
    2:00 pm  Structuring of Sukuk
    • Underlying assets
      • Asset based vs Asset-backed Sukuk
    3:30 pm Refreshments 
    3:45 pm Structuring of Sukuk (cont.)
    • Domestic issuance vs international issuance
    • Sukuk issuance in different currencies
    5:00 pm End of Programme
     
    Programme - Day 2
    8:30 am Registration
    9:00 am Structuring of Sukuk (cont.)
    • Underlying risks in Sukuk Structures
    • Transaction parties
      • Lead arranger
      • Joint principal arrangers
      • Joint Shariah advisors
      • SC approval requirement under LOLA framework
    10:30 am Refreshments
    11:00 am Sukuk Programme
    • ‚ÄčIslamic Commercial Papers (ICP)
    • Islamic Medium Term Notes (IMTN)
    • Exchange Traded Bond and Sukuk (ETBS)
    12:30 pm Lunch
    2:00 pm Due Diligence Process
    • Guidelines on Due Diligence Conduct for Corporate Proposals 
    3;30 pm Refreshments
    3:45 pm Legal Documentation for Sukuk Structures
    • Principal Terms and Conditions (PTC)
    5:00 pm End of Session
  • Programme Fees

    Module No. of Modules
    One Module (RM) All Module (RM)
    Sukuk Series 3: Structuring and Issuance of Sukuk 1500 5000
    *Fees quoted are exclusive of and subject to Goods and Services Tax (GST) of 6%