This modules emphasises on hands-on and practical knowledge of legal documentation for Islamic financial and capital market services in Malaysia. It begins with the explanation on differences between legal documentation for conventional financial and capital market services and legal documentation for Islamic financial and capital market services.
The course will then introduce the participants to practical applications of the various exchange contracts, the relevant policy documents issued by Bank Negara Malaysia, and the legal documentation for them. Salient clauses from the legal documentation will also be highlighted to the participants for discussion purposes.
The course will then proceed with a similar discussion on financing facilities based on Musharakah Mutanaqisah arrangement.
The course will also discuss and explain the need of relevant legal documentation for and salient clauses in the legal documentation of various types of Islamic capital market services. Also, it will elaborate some salient terms in the documentation of selected Takaful products in Malaysia.
Objectives
- To understand the legal documentation for common Shariah contracts used in Islamic banking facilities, takaful products, and Islamic capital market products in Malaysia
- To discuss the practical applications of various Shariah contracts in legal documentation of the Islamic financial products and services.
Module Developer
Dr. Mohd Johan Lee
M Comparative Law (IIUM), MA (King’s College), LLB (IIUM)
