Wednesday, January 18, 2012

Islamic Financing Contracts & Credit Evaluation - Discourse with Dato' Wan Ismail Wan Yusoh

" Islamic Financing Contracts & Credit Evaluation" was the topic chosen for today's interview for Episode 7 of ISLAMiC FiNANCE @ The Capital TV which will be aired on Thursday, 19 January 2012 @ 9pm.

The Guest Speaker for this episode is Dato' Wan Ismail Wan Yusoh from Bank Islam Malaysia Berhad, a 3-decade veteran of the Islamic Banking industry. My first "face-off" with him was almost 2-decades ago when I attended the 1st International Integrated Course on Islamic Banking and Finance held at Holiday Villa, Subang Jaya organised by Bank Islam.

Monday, January 16, 2012

Tun Mahathir Interview - Islamic Gold Dinar!

" Islamic Finance: The Gold Dinar " " was the topic chosen for this Exclusive Episode which was shot at the Perdana Leadership Foundation, Putrajaya on Monday, 16 January, 2012.

The Honourable Guest Speaker for this EXCLUSIVE is Tun Dr. Mahathir Mohamad, Statesman & the Fourth Premier of Malaysia.
I am the Host for this 2nd "face-off" with him after 2000 during the MSC-IAP session at Mines.
Preview the Exclusive Episode at:- Capital TV Channel

The Capital TV is promoting this Special Episode as an EXCLUSIVE . Stay tuned to Channel 127, Hypp TV - UNIFI.

Sunday, January 8, 2012

34th IBF Discussion Series: Legal Issues in Sukuk Issuance

The 34th Islamic Banking and Finance (34th IBF) Discussion Series was held on Friday, 12 Safar 1433Hijrah (6 January 2012) at the IIUM Institute of Islamic Banking and Finance(IIiBF) Damansara-KL Campus.

Topic for this series is " Legal and Beneficial Ownership in the Underlying Assets for Sukuk Issuance ". Dato Dr.Nik Norzrul Thani (Chairman & Senior Partner - ZICOlaw) and Madzlan Mohamed (Partner, ZICOlaw) co-presented.

Issues Highlighted:-
1) The difference between Legal and Beneficial Ownership
2) Asset-backed v. Asset-based in Sukuk Issuance
3) Legal "infrastructure" in Malaysia as opposed to other jurisdictions in Middle-East, London-UK and Victoria-Australia.
Using Malaysian laws as the Law of Reference as opposed to English Law
4) Case Study of 2 defaulting Sukuks I.e. Nakheel & TID
5) Syariah Governance

ISLAMiC FiNANCE@The Capital TV were there to cover the event and interviewed the Chairman of ZICOlaw on the sidelines of the Series.

The 34th IBF Discussion Series also marks the last official function for the outgoing IIiBF Dean i.e. Prof.Dato Dr.Mohd Azmi Omar who will be the new Director-General of IRTI in Jeddah. Prof. Dr. Abdul Rahim Abdul Rahman will be the new Dean.

This blog would like to take this opportunity to Congratulate Prof. Dato Dr.Mohd Azmi Omar and Prof. Abdul Rahim on their respective new appointments. We (blog & IF@The Capital TV) would also like to put on record our appreciation to the organisers for the kind invitation.

Thursday, January 5, 2012

Interview with Dato' Mohd.Fadzli Yusof (for Ep.5, ISLAMiC FiNANCE@The Capital TV

In Episode 5, ISLAMiC FiNANCE @ The Capital TV interviewed Dato' Mohd. Fadzli Yusof (MFY).
View The Capital TV Youtube channel:- Episode 5 - ISLAMiC FiNANCE

Dato' Mohd. Fadzli is the Director & Principal Consultant of First International Consulting, Malaysia a company providing Islamic Finance Consulting & Advisory Services locally and internationally. He is also the Director for Arab-Malaysian Takaful ( a Jeddah-based Takaful operator) & Amana Takaful, Sri Lanka.
More importantly, MFY is the first ever CEO of a full-fledged (Life & General Islamic Insurance) Takaful company in the Modern World and in 2001 led Syarikat Takaful Malaysia Berhad to be listed on KLSE, the first ever Takaful company to be listed in the world. MFY has received many awards from the IF industry for being a pioneer since the late 70s/early80s in the Takaful industry. He is also the Author of 3 books, all on Takaful and is a Member of the Board of Trustees of The Sultan Mizan Royal Foundation.

MFY Comprehensive Biodata, refer:-

The episode dealt with the History/Development of the Takaful industry in the late 70s/early 80s at a time where Islamic Insurance were virtually non-existent and what led the Malaysian government to initiate the establishment of the first ever comprehensive Takaful company in the modern world and how it was done.

Subsequently, the concept of Takaful were explored where amongst others the concept/contracts of Tabarru', Mudharabah & Wakalah were discussed. The interview ends with a discourse on the issues and stumbling blocks affecting the Takaful industry and some criticism on the present scenario.