Stop Press: We will be discussing the recent very shocking “Dana Gas” development which is likely to have wide scale implications for the Islamic finance sector and Sukuk issuance in particular. The trainer has been extensively quoted in the press on this case and is a noted expert on Sukuk default and financial restructurings in the Gulf region. This is your unique chance to get the latest insights on arguably the biggest Islamic finance development in many years.
Debt financing is a controversial subject in Islamic finance as theoretically there are no recognised debt financing instruments in the classical law. Nonetheless, financiers have found Shari’ah-compliant ways to provide debt on a commercial basis and these techniques are explored in this one day course.
We begin by examining the philosophical basis that predicates all Islamic financial activity, and then look closely at purchase and resale, the partial forward contracts and leasing, and conclude by considering other types of situation in which indebtedness can arise.