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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)

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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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Published : 09-08-2020 , 06:16 am