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Module 5: Restructuring of Sukuk

Module 5: Restructuring of Sukuk

Dates:  6 September 2017
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points

Programme Objective

The programme's objective is to equip participants with comprehensive knowledge on Sukuk restructuring. This module will cover on Sukuk default with a few study case, provision policy for non-performing Sukuk, Sukuk stakeholder perspective and refinancing of Sukuk.

Learning Outcomes

By the end of this programme, participants will be able to:
  • describe the factors leading to Sukuk default;
  • explain the provisioning policy for non-performing Sukuk;
  • discuss the various Sukuk stakeholder's perspective in relation to Sukuk restructuring; and
  • explain the process of Sukuk refinancing.

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 Sukuk Default with Recourse and Non-Recourse
    • Definition of Sukuk default
    • Factors leading to Sukuk default
    • Preventive measures to Sukuk default
    Case Study
    • Saad Groups Golden Belt - manfa'a
    • East Cameron Gas - Musharaka based production sharing arrangement
    • The Investment Dar - Musharaka
    10:30 am Refreshments
    11:00 am Provisioning Policy for Non-Performing Sukuk
    • Eligibility criteria
    • Provisioning requirement
    • Macroeconomics outlook
    • Industry fundamentals
    • Company fundamentals
    • Company specific events
    • Collateral
    • Restructuring
    12:30 pm Lunch
    2:00 pm Perspectives
    • Bank perspective
    • Mark to market
    • Risk profile
    • Accounting and legal perspective
    3:30 pm Refreshments
    3:45 pm Refinancing
    • Restructuring and reissuance
    5:00 pm End of Session
  • Programme Fees

    Module No. of Modules
    One Module (RM) All Module (RM)
    Sukuk Series 5: Restructuring of Sukuk 950 5000
    *Fees quoted are exclusive of and subject to Goods and Services Tax (GST) of 6%