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WORKSHOP ON ‘ISSUANCE AND MANAGEMENT OF SUKUK IN BANGLADESH’ DATE: SEPTEMBER 26, 2020; DAY: SATURDAY; TIME: 10:30 AM -12:40 PM (DHAKA GMT+6)

WEBINAR REGISTRATION LINK- HTTPS://US02WEB.ZOOM.US/WEBINAR/REGISTER/WN_UDTLIURTS1SKVUQXKSVMLQ 

                                                            CSBIB (BANGLADESH)-ISRA (MALAYSIA) WEBINAR

                                                                              (FOLLOWED BY FOUR-DAY WORKSHOP)

                                                                                                        ON 

                                                   ISSUANCE AND MANAGEMENT OF SUKUK IN BANGLADESH

PROGRAM OUTLINE: INAUGURAL SESSION

DATE: SEPTEMBER 26, 2020                       DAY: SATURDAY               TIME: 1030 – 1250 (DHAKA; GMT+6)

Time Particulars Name of Guests Minute
1030-1035 Recitation from the Holy Quran Maulana Md. Farid Uddin

Member Secretary, Shariah Supervisory Committee, Shahjalal Islami Bank Limited

 5
1035-1045 Introducing Honorable Guests by the Host Mr. Md. Abdullah Sharif

Secretary General, Central Shari’ah Board for Islamic Banks of Bangladesh (CSBIB)

 10

 
1045-1100 Inaugural Speech by the Chair Mr. M Azizul Huq 

Chairman , EC, Central Shari’ah Board for Islamic Banks of Bangladesh (CSBIB)

 15
1100-1115 Malaysia as the Global Leader of Sukuk: What it did Right? Professor Dr. Mohamad Akram Laldin 

Executive Director, International Shari’ah Research Academy for Islamic Finance (ISRA), Malaysia

 15

 
1115-1125 Contribution of AAOIFI for Expansion & Stability of Sukuk Market Mr. Omar Mustafa Ansari

Secretary General

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

 10
1125-1135 Issuance of Sukuk in Development of Bangladesh : Role of Government Mr. Abdur Rouf Talukder

Finance Secretary, Ministry of Finance

Government of the People`s Republic of Bangladesh

 10

 
1135-1145 Sukuk as an Opportunity in Supporting the Needs of Islamic Banks and Economic Development of Bangladesh: The Role of Bangladesh Bank Mr. Syed Tariquzzaman

Executive Director

Debt Management Department

Bangladesh Bank

 10
1145-1155 A Review of Islamic Finance Development in Bangladesh and the Way Forward Mr. Arastoo Khan

Ex-Secretary, Ministry of Finance

Chairman, Advisory Board, Build Bangladesh

 10
1155-1205 Importance of Human Capital Development for Expansion of Sukuk in Bangladeshi Market Mr. Md. Aktaruzzaman, Ph.D

Director General

Bangladesh Institute of Bank Management (BIBM)

 10
1205-1213 Sukuk and Liquidity Management of Islamic Banks Prof. Md. Nazmul Hassan, Ph.D.

Chairman, Board of Directors, Islami Bank Bangladesh Limited (IBBL) & IBCF

 8

 
1213-1221 Sukuk and Investment Portfolio of Islamic Banks Prof. Md. Anwarul Azim Arif 

Chairman, Board of Directors, Social Islami Bank Limited

 8

 
1221-1229 Sukuk and the Role of Islamic Banks in Achieving SDGs Mr. Kazi Akram Uddin Ahmed

Chairman, Board of Directors, Standard Bank Ltd.

 8

 
1229-1237 Sukuk and Economic Development of Bangladesh Alhajj Abdus Samad 

Chairman, Board of Directors, Al-Arafah Islami Bank Limited

 8

 
1237-1245 Sukuk and Sustainability of Islamic Banks Mr. Rumee A Hossain

Chairman,  EC, Bank Asia Limited

 8

 
1245-1250 Vote of Thanks and Conclusion of the Inaugural Session by the Chair Mr. M Azizul Huq 

Chairman , EC, Central Shari’ah Board for Islamic Banks of Bangladesh (CSBIB)

 5

 

                                                                                        PROGRAM OUTLINE: FOUR-DAY WORKSHOP 

                                                                                         DAY-1: SEPTEMBER 26, 2020 (SATURDAY)

                                                                                                 THEME: FUNDAMENTALS OF SUKUK 

Time Topic Speaker
1400-1410 Speech by the Market Leader Mr. Mahbub-ul-Alam

Managing Director and CEO,

Islami Bank Bangladesh Limited
1410-1540 Fundamental Aspects of Sukuk

  • AAOIFI Shariah Standard No. 17: Investment Sukuk
  • AAOIFI Governance Standard No. 12, Sukuk Governance
  • Sukuk Classifications Based on Technical and Commercial Features
  • Issuers and Their Objectives
  • Investors and Their Objectives
  • Tenure and Profit Distribution Frequency – Factors to be Considered
  • Pricing – How and What Factors Needs to be Considered?
  • Rating – Why and How?
 Dr. M. Mahabbat Hossain 

Faculty Member, BIBM;

Academic Advisor, CSBIB;

Member of SSC, SBAC Bank Ltd.;

Member of SSB, IDLC; and

Member of SSB, Summit Communication Ltd.
1540-1550 Break
1550-1720 Fundamental Shariah Requirements for Sukuk

  • The Permissible and the Prohibited Activities
  • Key Shariah Rulings on Sukuk Issuance and Trading – Global Experience and Bangladesh Perspective
  • Ownership and Possession of Assets
  • Underlying Assets and Their Impact in Tradability
  • Purchase and Sale Undertakings
  • Combining Multiple Contracts into One
  • Application of Tanazul and Ibra in Sukuk for Profit Distribution, Subscription and Redemption Price
 Mr. Md. Abdullah Sharif

Secretary General

Central Shari’ah Board for Islamic Banks of Bangladesh (CSBIB)

 

 

 
1720-1730 Concluding Remarks for Day-1 Mr. Farman R Chowdhury

Managing Director and CEO,

Al-Arafah Islami Bank Limited

 

                                                                                    DAY-2: SEPTEMBER 27, 2020 (SUNDAY)

                                                                                          THEME: REGULATORY FRAMEWORK

Time Topic Speaker
1400-1410 Speech by the Market Leader Dr. Mohammed Haider Ali Miah

Managing Director and CEO

Export Import Bank of Bangladesh Limited
1410-1540 Sukuk Issuance Process in Bangladesh: Sovereign Sukuk 

  • Relevant Regulators, Rules and Regulations
  • Parties Involved in Sukuk and Their General Roles
  • Sukuk Offering Documents and Their General Content
  • Investors and Investment Process
  • Considerations for IFI Issuance and Investments
 Mr. Md. Golzare Nabi

Deputy General Manager Bangladesh Bank (BB)
1540-1550 Break
1550-1720 Sukuk Issuance Process in Bangladesh Context: Corporate Issuance

  • Relevant Regulators, Rules and Regulations
  • Application of BSEC Investment Sukuk Rules 2019
  • Parties Involved in Sukuk and Their General Roles
  • Sukuk Offering Documents and Their General Content
  • Investors and Investment Process
  • Sukuk Governance and Management Structure
  • Parties and Roles – Who are Eligible to Play What Roles?
  • Sukuk Assets – Eligible Assets and Their Management
  • Use of Sukuk Proceeds and Investor Protection
  • Public Offering and Trading of Sukuk – Requirements and Procedures
  • Reporting and Disclosure Requirements
 Mr. Sk. Md. Lutful Kabir

Deputy Director, Bangladesh Securities and Exchange Commission (BSEC)
1720-1730 Concluding Remarks for Day-2 Mr. Abu Zafore Md. Saleh

Managing Director and CEO,

Islamic Finance and Investment Limited (IFIL)

 

 

                                                                                      DAY-3: SEPTEMBER 28, 2020 (MONDAY)

                                                                                                THEME: STRUCTURING SUKUK

Time Topic Speaker
1400-1410 Speech by the Market Leader Mr. Muhammed Shahidul Islam

Managing Director and CEO Shahjalal Islami Bank Limited
1410-1540 Sale-based Sukuk

  • Basic Structures and Case Studies
  • Shariah Issues Relating to Sale-based Sukuk
  • Practical Issues in Sale-based Sukuk

 

Lease-based Sukuk

  • Basic Structures and Case Studies
  • Shariah Issues Relating to Lease-based Sukuk
  • Practical Issues in Lease-based Sukuk
 Mr. Mezbah Uddin Ahmed

           MIBF, FCCA, CIPA, CSAA

Researcher, International Shari’ah Research Academy for Islamic Finance (ISRA), Malaysia
1540-1550 Break
1550-1720 Partnership-based Sukuk

  • Basic Structures and Case Studies
  • Shariah Issues Relating to Partnership-based Sukuk
  • Practical Issues in Partnership-based Sukuk

 

Agency-based Sukuk

  • Basic Structures and Case Studies
  • Shariah Issues Relating to Agency-based Sukuk
  • Practical Issues in Agency-based Sukuk
 Mr. Mezbah Uddin Ahmed

           MIBF, FCCA, CIPA, CSAA

Researcher, International Shari’ah Research Academy for Islamic Finance (ISRA), Malaysia
1720-1730 Concluding Remarks for Day-3 Prof. Dr. Gias Uddin Talukder Chairman, Shariah Supervisory Committee, IBBL & FSIBL

 

 

                                                                                        DAY-4: SEPTEMBER 29, 2020 (TUESDAY)

                                                                             THEME: VIEWS EXCHANGING (Q&A) AND CONCLUDING

Time Topic Speaker
1400-1410 Speech by the Market Leader Mr. Syed Waseque Md Ali

Managing Director and CEO

First Security Islami Bank Limited
1410-1440 Introducing Sukuk in Bangladesh: Opportunities, Challenges and Way-Forward

  • Government Issuance
  • Central Bank Issuance
  • Islamic Financial Institution Issuance
  • Corporate Issuance
 Mr. Md. Abdul Awwal Sarker

Executive Director

Bangladesh Bank

 

 
1440-1510 Adopting the Global Best Practice of Sukuk Issuance in Bangladesh Prof. Dr. M. Kabir Hassan

University of   New Orleans (USA)

2016 IDB Prize Winner in Islamic Banking and Finance

AAOIFI Board Member of Ethics and Governance Committee and Education Board
1510-1520 Break
1520-1620 Issuance and Management of Sukuk in Bangladesh: Open Q&A

  • Government Issuance
  • Central Bank Issuance
  • Islamic Financial Institution Issuance
  • Corporate Issuance
 Prof. Dr. M. Kabir Hassan

Mr. Md. Abdul Awwal Sarker

Mr. Md. Abdullah Sharif

Dr. M. Mahabbat Hossain

Mr. Mezbah Uddin Ahmed;

Mr. Md. Golzare Nabi;

Mr. Sk. Md. Lutful Kabir
1620-1630 Preparation for Concluding Session
1630-1730 Concluding Ceremony of the Workshop Professor Shibli Rubayat Ul Islam 

(Chief Guest)

Chairman, Bangladesh Securities and Exchange Commission (BSEC)

Principal Sayed Kamaluddin Zafree

Chairman, Fiqh Committee of CSBIB

Dr. Said Bouheraoua

Director, Research Development & Innovation Department, ISRA, Malaysia

Mr. Md. Fariduddin Ahmed

Chairman, SSC

ICB Islamic Bank Ltd

Mr. Quazi Osman Ali

Managing Director and CEO, SIBL

Mr. Md. Abdullah Sharif

Secretary General, CSBIB

 

                                                                                                                         

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