REDmoney Seminars Presents Sukuk Structuring, Risk and Syndication

WHY THIS COURSE?

The Sukuk market has evolved significantly in the last 25 years. New and exciting structures have emerged to address the economic and financial interests of both Sukuk originators as well as Sukuk investors. Furthermore, increasingly advanced methods are being used to raise Sukuk capital for issuers, most notably, deal syndication, which is growing in popularity.

However, a tension continues to exist between the interests of originators and those of investors concerning the application of Shariah principles. To satisfy market demand, many Sukuk instruments are structured to provide cash returns resembling conventional products. Some financial obligations within these structures may not only compromise a stricter application of Shariah principles, but impact Sukuk risks in ways that are generally less well understood.

This course provides delegates with an invaluable opportunity to understand how Sukuk products are structured, how risks arise in Sukuk, and how Sukuk are syndicated. Delegates will also learn how, and why, Sukuk are viewed differently by various important stake holders in the Sukuk market, for example ratings analysts, investors, and origination teams.

The course will include a high level of interactive discussion, analysis of case studies, and thorough instruction in the treatment of Sukuk for structuring, risk management and syndication purposes. Knowledge gained from the course is directly applicable in practice.

Agenda

Day 1

Structuring and Origination

• Overview of Sukuk
• Sukuk Origination
• Sukuk Structuring
• Case Studies

Day 2

Risk Management

• Risks Arising in Sukuk: For the Investor
• Risks Arising in Sukuk: For the Originator
• Other Types of Risks in Sukuk
• Capital Charges for Sukuk Instruments

Day 3

Sukuk Syndication

• Overview of Syndication
• Sukuk Syndication Transaction Structures
• Documentation
• Case Studies

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