ICM Series: Islamic Equity Market Explained

• Concepts and principles of equity market
• Differences between conventional and Islamic equity products

• Nature of Shariah supervision
• Shariah supervision and audit
• Shariah supervisory board and its independence

Shariah Screening Process

• Concepts, rationale , criteria of screening process
• Application of screening process – Malaysia and international practices

• Issues in Shariah screening process
• Fiqh justification for Shariah benchmark

• The importance of Islamic index
• Methodology of index calculation and screening process
• Local and international Shariah indices

• Applicable Shariah contracts in Islamic UT funds
• Guidelines on Islamic UT funds
• Shariah advisors roles and responsibilities

• Types and structures of I-REITS
• Benefits of REIT as a source of diversification
• Characteristics, process and regulatory framework  of  Shariah compliant REITS
• Discussion on I-REITS Guidelines – Case Study

Exchange Traded Fund (ETF)

• Nature of ETF with respect to stocks and unit trusts
• Advantages and disadvantages of an ETF structure
• ETF structure
• Islamic ETF (I-ETF)
• The operation of I-ETF

• Overview , definition, structure & features of IPE
• Choices of investment in IPE
• Shariah issues relating to investment in private equity

Islamic Venture Capital (IVC)

• Overview of IVC
• Structure of venture capital firms & funds
• Establishing on IVC
• Investing in IVC funds
• Application of Shariah principles and issues

• Purification
• Cleansing

Simulation

• Stock screening
• REITS
• Guidance on Disposal of non-compliance securities