2-3 December 2010
JW Marriott Hotel, Jakarta

Speaking Faculty

LIST OF CONFIRMED CHAIRPERSONS AND SPEAKERS
Professor Datuk Rifaat Ahmed Abdel Karim
Secretary-General, Islamic Financial Services Board
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Rifaat Ahmed Abdel Karim is the Secretary-General of the Islamic Financial Services Board (IFSB), a post he has held since the IFSB started to operate in 2003. Prior to his current post, he was the Secretary-General of the Accounting and Auditing Organisation for Islamic Financial Institutions. He is a member of the Consultative Advisory Group of the International Auditing and Assurance Standards Board, now serving his second three-year term, and the International Liaison Group, Basel Committee for Banking Supervision. He previously served as a member of the Standards Advisory Council of the International Accounting Standards Board, for two consecutive terms, ending November 2008.

Professor Datuk Rifaat is a Visiting Professor at the ICMA Centre, Henley Business School, University of Reading, UK, and is a Member of the Governing Council of International Centre for Education in Islamic Finance, Malaysia. He is the co-author of Islamic Finance: Growth and Innovation, Islamic Finance: The Regulatory Challenge and Business and Accounting Ethics in Islam.

In 2010, he received the Royal Malaysian Honorary Award of Darjah Kebesaran Panglima Jasa Negara (P.J.N.) which carries the title 'Datuk', and the Islamic Development Bank Award for Islamic Banking and Finance (2010). Professor Abdel Karim has also been honoured with other distinguished awards, including the inaugural Euromoney Award for Outstanding Contribution to the Development of Islamic Finance in 2004.


Dr. Mulia E. Siregar
Head of Islamic Banking Research, Development & Regulation Bureau, Bank Indonesia
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Dr. Mulya E. Siregar, was born in Jakarta on March 14th ,1957. After completion of his high school in 1976, he continued his study at School of Agricultural Sosioeconomics, Bogor Institute of Agriculture (IPB) and finished it in 1980. He then enrolled in Wijawiyata Manajemen at the LPPM Jakarta for approximately 1 year before being promoted as an Assistant Manager in PIR III Rimbo Bujang Project, Jambi in 1981. In 1983, he joined Bank Indonesia (BI) by pursuing officer training program for newly recruited staff (PCPM) of Bank Indonesia.

He has officially started working for BI at General Credit Directorate since 1984. He went to USA in 1987 for master degree program and earned his MSc in Agricultural Economics in 1989 from Ohio State University, USA. In period of 1989-1992, he had pursued his career at BI Branch Office (KBI) Manado as Head of Economy & Statistics Unit. In 1992, he returned to USA for his postgraduate studies and obtained MSc and PhD in Consumer Economics in 1998. Based on National Act #10/1998, in 1999 BI initiated Research & Development Team for Shariah Banking, which was then extended to be the Directorate of Shariah Banking. He was appointed as a Senior Researcher in the team, and then promoted to be the Team Leader in 2002. Late 2006, he was appointed to lead the Bureau of Islamic Banking Research, Development, and Regulation, BI.

In addition to his career in BI, he has some experiences of being speaker in many national and international seminars in Islamic Finance, e.g., The 5th Harvard University Forum on Islamic Finance in Boston-USA (2002), Islamic and Finance Conference in Cape Town-South Africa (2003), Islamic Finance and Banking Asia Conference in Singapore (2005), The 4th Islamic Funds in Dubai-UAE (2006), Islamic Finance Asia Conference in Singapore (2007), Financial Regulators Forum in Islamic Finance in KL-Malaysia (2007), 5th Asia Pacific Banking Conference in Hanoi-Vietnam (June, 2009), International Seminar on Islamic Finance: Investment Opportunity in Indonesia through Islamic Finance in New York-USA (July, 2009), and International Islamic Finance Forum in London (November, 2009). Furthermore, he is also member of Advisory Council to Indonesian Waqf Board (BWI) from 2008 to 2010 and member of Postgraduate Board of Studies in International Center for Education in Islamic Finance (INCEIF) KL-Malaysia from 2006 to 2009. He has also been active in the Islamic Financial Services Board (IFSB) which headquarter is in KL-Malaysia.

IFSB is an international institution that has responsibility to issue prudential regulation for shariah financial institutions. In 2005, IFSB Council Meeting appointed him as part of Technical Committee representing Indonesia, while in the same year he started serving as Chairman of Transparency & Market Discipline Working Group. In late 2006, the Council Meeting appointed him to serve as a Vice Chairman of Technical Committee until March 2009.


 

Mr. Gopala Krishnan Sundaram
Assistant Governor, Bank Negara Malaysia

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Mr. Gopal Sundaram studied law at the University of Malaya, Kuala Lumpur under a Bank Negara Malaysia scholarship and upon graduation in 1982, joined the service of the Bank. He served in the Banking Department and later in the Secretary’s Department of the Bank. From 1985 he has been in the Legal Unit (later Legal Department) of the Bank and from 1996 as the Director of the Department.

Under the auspices of the Bank, he has provided technical assistance to the Reserve Bank of Namibia in revising its central banking law and banking legislation and also to the State Bank of Pakistan to re-engineer its Legal Department.

In August 2006 he was appointed as an Assistant Governor of the Bank and since has been responsible for the Legal Department and IT Department of the Bank as well as the Museum and Art Gallery.


Ms. Sau Ngan Wong
Senior Counsel, Finance, Private Sector Development and Infrastructure, Legal Vice President Unit, The World Bank
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The World Bank

Since December 2009, I have been appointed as a Senior Counsel in the Finance, Private Sector and Infrastructure practice group within the Legal Vice Presidency of the World Bank. Projects I have been involved in since joining the World Bank are –

  • Member of EASFP team to support their work on the bank restructuring strategy for Mongolia in the wake of a banking crisis;
  • Participated in an update FSAP mission for Pakistan in analyzing the vulnerabilities and weaknesses in the securities markets and make recommendations on ways to address them;
  • Provided a desk review of the issues relating to the incipient securities market in Cambodia;
  • Provided a desk review on legal and regulatory framework of China’s financial sector (particularly in regard to the capital markets) in support of the FSAP mission for China;
  • Developing an analytical framework for insolvency issues relating to Islamic finance in collaboration with the Islamic Financial Services Board & organizing round table discussing these issues bringing together central bankers, practitioners and professionals and academicians who are experts in Islamic Finance; and
  • Provided assessment on consumer protection framework for the non-bank financial sector – securities, insurance and pensions fund sectors in Kazakhstan. Securities Commission, Malaysia

Prior to joining the World Bank, I was the General Counsel of the Securities Commission, Malaysia and a member of its top management team from 2006 until 2009. I was responsible for providing strategic and legal advice on all matters relating to capital market policies and fund raising framework. In these 4 years, I led and directed several major regulatory and legislative reforms in the Malaysian capital market including the consolidation and modernisation of the Capital Markets & Services Act 2006 that lays the foundation for a sound and robust investor protection framework, the establishment of appropriate audit oversight and corporate governance for listed entities, revamping the equity fund raising framework and led the strategic enforcement initiative. I oversaw the setting up of the Investor Affairs Department which became the focal point for handling complaints from investors in the capital markets and the development of effective investor education programs.

I represented the Securities Commission's interests in broader policy, legal and regulatory issues at domestic and international levels. In 2006, I was a core member of the Securities Commission's team in dealing with the World Bank-IMF assessment program for the report on Malaysia's Observance of Standards & Codes (“ROSC”) and again in 2007 when Malaysia participated in the assisted assessment program by the International Organisation of Securities Organisations (“IOSCO”).

Prior to becoming the General Counsel, I served 4 years as Head, Policy Review & Formulation and in that capacity, I was directly involved in the formulation of major policies & regulatory framework for the Malaysian capital market and specifically led the development of an efficient and effective fund raising framework for the equity and debt markets. During this period, I also led a project team to formulate a strategic framework to give effect to the demutualisation and listing of the Kuala Lumpur Stock Exchange and started up the Bond Market Development Department to develop a vibrant and resilient ringgit denominated corporate bond market in Malaysia. I chaired the Asset securitisation Consultative Committee comprising top market professionals and industry players that provided a comprehensive “blue print” to the Government to address all tax, regulatory, legal and accounting for the development of the securitisation market in Malaysia.

For four years from 1998 to 2002, I was Specialist in the Market Policy & Development Division dedicated to strategic initiatives to restore confidence following the 1997 financial crisis particularly in relation to various institutional and regulatory reforms. Some of these areas relate to corporate governance reforms, strengthening investor protection mechanisms including tightening the regulation of related party transactions of listed entities; review of the regulatory framework for short selling and securities borrowing and lending; issues relating to corporate insolvency; tightening rules on transparency of share holdings and dealings and revamping the regulation of insider trading and market manipulation.

REGIONAL EXPERIENCE

Besides gaining broad experience in Malaysia, I have also regional experience in being a consultant to the World Bank in providing advice and recommendations on reforming the banking laws for Pakistan (2006) and prepared a detailed research report on Malaysia’s corporate bond market development to the World Bank team in its advice to the Indian Government on the development of the Indian corporate bond market (2007). From November 2008 to February 2009, I was consultant to the Asia Development Bank in providing advice and recommendations in relation to the integration of ASEAN capital markets within the broader framework of the ASEAN Economic Blueprint.

Overall, 29 years experience in financial regulation with 14 years in the Central Bank of Malaysia and 15 years in the Securities Commission. In these 29 years, I have gained reputation as a strong driver of capital market reforms; possess strong project management skills and offer thought leadership on regulatory policies of the Malaysian capital market having been involved in broad and strategic policies in the financial sector and institutional, structural and regulatory reforms. Recent achievements include the enactment of the Capital Markets & Services Act 2007 that consolidates the securities, futures and fund raising laws – the CMSA provides the regulatory infrastructure for flexible and responsive regulatory framework; establishes Islamic capital market transactions on a sound legal basis and ushered in a “functional” approach to regulating capital market intermediation services. I have also contributed to new thinking on effective and strategic enforcement against breaches of securities laws which saw the shift from a prosecution-centric approach by the Securities Commission, Malaysia to one that utilises a wide range of enforcement options. Currently, am leading a project to be implemented in July 2009 that aims to revamping the fund raising regime, consolidating market structures as well as to implementing the transition from a merit assessment approach to a disclosure based system of regulating the public offering of securities.

RELEVANCE EXPERIENCE AND ATTRIBUTES:

  • Unique experience and intimate knowledge in the shaping of capital market development policies in middle income and developing countries. My extensive involvement in financial sector reforms in Malaysia and to some extent in Pakistan and ASEAN puts me in the vantage position in understanding and dealing with political, socio-economic and business issues in advancing capital market and corporate governance reforms in the Asian context
  • Broad and deep expertise on capital market development issues and reforms especially on all legal and regulatory aspects. Expertise in developing bond markets, corporate governance issues and regulatory framework for fund raising.
  • Operate well in “pioneering’ situations where there are few precedents to rely on in adopting an “entrepreneurial” approach in seeking creative and effective solutions to problems and issues.
  • Possess strong skills in problem diagnosis, formulation and implementation of policies and legislative reforms that are result-oriented and supported with high quality research
  • Direct experience in crisis management and resolution (1985-1987 economic crisis & Asian financial crisis of 1997-2000) in terms of restoring investor and market confidence through institutional, regulatory and legislative reforms.
  • Extensive interface with ministerial and senior level officials in developing and countries, and networking with a broad range of stakeholders including investor groups, industry groups, market professionals and researchers and academia.

EDUCATION:

  • Master of Law, Harvard Law School (1990 - 1991)
  • Bachelor of Laws (Honors), University of Malaya (1976-1979)

I was granted full scholarships by the Central Bank of Malaysia to pursue undergraduate and post graduate studies.

OTHER TRAINING:

  • Post-graduate Certificate of Legal Practice, University of Malaya, Kuala Lumpur (1981)
  • Orientation to the US Legal System, Georgetown University (July – August 1990)

MEMBERSHIP OF PROFESSIONAL SOCIETIES:
Admitted to the Malaysian Bar Council to practice as an advocate and solicitor in 1981

COUNTRIES OF WORK EXPERIENCE:

  • U.S.A - summer intern from June to October 1991 in Washington DC-based law firm, Messrs Wilmer Cutler & Pickering
  • Australia - Visiting Research Fellow at the Corporate and Securities Centre, University of Melbourne from October 2003 to February 2004 to undertake research on corporate & securities regulation and consumer/investor protection.

PUBLICATIONS & CONTRIBUTIONS:

  • Co-wrote “Law, Institutions and Malaysian Economic Development” with Jomo K.S., NUS Press, Singapore, 2008
  • Co-wrote chapter on “Islamic Exchanges: Principles & International Developments” in the book, “Exchanges & Markets”, Oxford University Press, 2006.
  • Headed team and contributed country chapter for “The Role of Law and Legal Institutions in Asian Economic Development 1960 – 1995”, published by Harvard Institute for International Development and Program for International Financial Systems, sponsored by the Asian Development Bank.
  • Contributed as a staff writer to “Capital Market Development in Malaysia – History & Perspectives” published on 10th anniversary by the Securities Commission of Malaysia in 2004.
  • Contributed as a staff writer to- “Capital Market Master Plan” published by the Securities Commission in 2001.
  • Represented the Securities Commission and the Central Bank of Malaysia and presented papers at numerous international and domestic fora.
  • Presented papers at international seminars – “Capital Market Reforms – Malaysia’s experience” at World Bank’s conference on 20 December 2006; “International Financial Planning Advisors Conference” on February 2008; “Investor Education : Its Impact on Economic Development” organized by International Forum on Investor Education/IOSCO in Madrid October 2008; “Securitization for East Asia” in Shanghai 2006; regular speaker on financial regulation in the yearly Emerging Market Program organized by the Securities Industry Development Centre and the Mandatory Accreditation Program for all directors of public listed corporations.

LANGUAGES:

  • Excellent written and spoken- English
  • High proficiency in Mandarin and Bahasa Melayu and speak Cantonese and Hakka.

 


Mr. Ashraf Mohammed
Assistant General Counsel, Asian Development Bank

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Ashraf Mohammed is Assistant General Counsel in the Office of the General Counsel, Asian Development Bank (ADB) and is Head of the South Asia and Pacific Legal Teams. Mr. Mohammed is a UK qualified Solicitor with over twenty five years of legal experience. Before joining ADB in 2004, Mr. Mohammed was European General Counsel for a NASDAQ listed international telecommunications company where he spent considerable time working on distress sales and debt restructuring in Europe. Mr. Mohammed has also been a partner in two well known commercial law firms in London, undertaking company and commercial work, corporate finance and mergers and acquisitions for a wide range of clients, including international banks and multinational corporations, as well as acting for insolvency practioneers on insolvency matters. In ADB, Mr. Mohammed has worked in many countries across Asia on both private sector and public sector projects and programs, in numerous development sectors and in financial intermediation. Mr. Mohammed has also worked on Shari’ah compliant structures and Sukuk legal issues for ADB.


Dato' Dr. Nik Ramlah Mahmood
Managing Director and Executive Director, Securities Commission of Malaysia
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Nik Ramlah Mahmood is Managing Director of Securities Commission Malaysia (SC). She is also Executive Director of the SC’s Enforcement Division and a Director of the Securities Industry Development Corporation (SIDC), the training and education arm of SC.

Nik Ramlah is a member of the Professional Development Panel of International Centre for Education in Islamic Finance (INCEIF), the global University of Islamic Finance and a practising member of the Association of Chartered Islamic Finance Professionals Malaysia (ACIFP). She is also a member of the Technical Committee of the Islamic Finance Services Board (IFSB). She was named ‘Most Outstanding Person for Contribution to Islamic Finance’ by the Kuala Lumpur Islamic Finance Forum (KLIFF) in 2007.

Prior to joining the Securities Commission in 1993, Nik Ramlah was an Associate Professor in the Faculty of Law, University of Malaya. She holds an LLB (1st Class Honours) from the University of Malaya and an LLM and PhD from University of London.


 

Mr. Adil Babiker
Head of Legal, Islamic Corporation For The Insurance Of Investment And Export Credit, (ICIEC), Saudi Arabia
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Adil Awad Babiker is a Sudanese national. Graduated from the University of Khartoum, Faculty of law and obtained his DEA from Université de Paris II. Adil is the Director of Legal Affairs at the Islamic Corporation of the Insurance of Investment and Export Credit (ICIEC).

Prior to joining ICIEC, he was a legal consultant with a leading Bahraini Law firm. He also worked as a Legal Advisor for Arab Satellite Telecommunications. He practiced law before Sudanese courts and worked as in-house lawyer for Sudanese French Bank.

Adil regularly lectures on legal aspects of export credit insurance and Islamic Insurance.


Ms. Chen Mee King
Vice President, Legal The Islamic Bank of Asia, Singapore
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Chen Mee King is a Singapore-trained lawyer with practical experience in both conventional banking and Islamic finance, having worked during the past 20+ years not only in private law practice but also as in-house counsel for an Asian commercial bank, two European commercial banks, and an Indonesian multinational investment group, before joining The Islamic Bank of Asia Limited as primary Legal Counsel and Company Secretary. The Islamic Bank of Asia Limited, the first full-fledged Islamic bank in Singapore, is a joint venture between Singapore's DBS Bank Ltd and more than 30 investors in the Middle East. Mrs Chen's responsibilities as Legal Counsel for The Islamic Bank of Asia involve the oversight of legal matters arising in connection with the Bank's activities in South East Asia as well as its representative office in Bahrain. In that capacity, her day-to-day work includes reviewing Islamic finance products; drafting, reviewing and amending legal documentation; and coordinating legal matters with external counsel. Drawing from her extensive experience and expertise, Mrs Chen also has guest lectured in a module in Islamic banking at Singapore Management University, and has been an invited speaker at several international Islamic finance conferences and seminars in Singapore and elsewhere in the Region.

 


 

Mr. Lotfi Zairi
Senior Officer, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Saudi Arabia
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Mr. Lotfi S. Zairi is Assistant to CEO for Islamic Finance and Technical & International affairs in ICIEC (The Islamic Corporation for the Insurance of Investment & Export Credit), member of IDB Group (The Islamic Development Bank Group).

Mr. Lotfi S. Zairi earned a Master-Sc. Economics from FSEG University in Tunisia in 1987 and has been in the Islamic Finance business since early 1988. Mr. Lotfi S. Zairi is an Islamic Finance Specialist and has a rich experience including Corporate & Investment Banking, Financial Advisory as well as Credit Takaful.

Mr. Lotfi S. Zairi has first joined Al Baraka Bank – Tunis in 1988 as Head of International Finance. He started his international experience in 1997 with Qatar Islamic Bank – Doha as Assistant Manager of International Investment, before moving to Bahrain where he joined “The Islamic Finance Consultants” (IFC - Bahrain) as Associate Director and “Shamil Bank of Bahrain” as Manager of Structured Finance.

Prior to his last position as Assistant to the CEO of ICIEC / IDB Group, Mr. Lotfi S. Zairi has been Assistant General Manager, International Investment & Finance with Qatar International Islamic Bank, Doha (QIIB).


Mr. Cecep Maskanul Hakim
Assistant Manager, Licensing and Administration Department Bank Indonesia
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Education :

  • B.Sc, (Hons) International Institute of Islamic Economics, International Islamic University Islamabad, 1986-1990
  • M.Ec, Faculty of Economics and Management, International Islamic University Malaysia, 1990-1993

Membership

  • Member, Executive Committee, National Sharia Board – Indonesian Council of Ulama, 1999- now
  • Member, Islamic Accounting Committee, Indonesian Accountant Association, 2005-now
  • Member, Sharia Team for Government Sukuk 2008 - now

Work Experience

  • Bank Muamalat 1995-1999
  • Bank Indonesia, Islamic Banking Directorate 1999-now

 

Mr. Ahmad Lutfi Bin Abdull Mutalip
Partner / Head, Global Financial Services and Islamic Banking, Azmi & Associates, Malaysia
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BIODATA OF AHMAD LUTFI B. ABDULL MUTALIP

AREAS OF PRACTICE

Islamic Banking & Islamic Private Debt Securities, Islamic Product Development, Mergers & Acquisitions, Venture Capital and Private Equity, Joint Ventures, Energy & Projects, Project Finance and Financial Services.

NOTABLE ASSIGNMENTS INVOLVED

Cross border financing transactions

  1. Advising Fortis Bank (Nederland) N.V.(who also acted as Co-ordinator and Security Trustee), the Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, ING Bank, Cooperative Centrale Raiffeissen-Boerenleen Bank, Mizuho Corporate Bank, Societe Generale Corporate & Investment Banking, Sumitomo Mitsui Banking Corporation and others as Malaysian counsel for syndicated loan facility up to US$585 million to a Brazilian joint venture company (in which a MISC Berhad has substantial interest) for the purchase and refurbishment of an FPSO (floating production, storage and offloading unit) which will be used offshore Brazil;
  2. Advising a syndicated international banks led by Fortis Bank S.A./N.V. as the Malaysian counsel with regard to the Final Advance under the financing of up to US$415 million for a Floating Production, Storage and Offloading (FPSO) in Kikeh Field (FPSO Kikeh);
  3. Advising Malaysian Infrastructure company on Cross Border leading granted by Exim Bank of China of USD 800 million;
  4. Advising Bank of Tokyo-Mitsubishi, UFJ, Ltd., Labuan Branch in a bilateral loan facility arrangement of a facility amounting to USD75 million granted to a MISC Capital (L) Limited;
  5. Acting as Local Counsel for various syndicated foreign lenders in relation to line Hedging facilities granted to Malaysian Offshore Shipping Company pursuant to Syndicated term Loan;
  6. Advising Islamic foreign bank based in Malaysia for syndicated project financing totaling RM70.0 million in relation to the Construction and implementation of very small power plant (VSSP) located in Bangkok, Thailand;
  7. Advising Merrill Lynch Business Financial Services Inc., Merrill Lynch Capital Division as Malaysian counsel on USD8.725 Million financing facility to finance the purchase of an aircraft by Malaysian company;
  8. Advising HVB Australia Pty Ltd as the Malaysian counsel for project financing facility totalling USD105 million comprising a Senior Loan Facility of US$80 million, working capital facility of US$15 million and Mezzanine Facility of US$10 million to be made by HVB Australia Pty Ltd to Lynas Malaysia Sdn Bhd and MT Weld Mining Pty Ltd for its 'rare earth' project in Australia and processing facility in Kuantan, Pahang, Malaysia;
  9. Advising National Bank of Canada as a Malaysian counsel for project financing facility amounting to CND105,032 granted to a Malaysian company for the purpose of construction of factory for manufacturing of polyethylene geomembrance & parts thereof at Pulau Indah Industrial Park, Port Klang;
  10. Advising Societe Generale as Malaysian counsel on the capacity, power and authority of Labuan Offshore companies entering into the relevant loan documentation in relation to the trade line facilities of USD86 million;
  11. Advising Cooperative Centrale Raiffeinsen-Beorleenbank B.A (Rabobank Netherland) as Malaysian counsel on the capacity, power and authority of Labuan Offshore companies entering into the relevant loan documentation in relation to the facilities amounting to USD70 million;
  12. Advising ING Bank N.V (Singapore branch) as Malaysian counsel on the capacity, power and authority of Labuan Offshore company entering into the Assignment of Receivables in relation to the facilities amounting to USD50 million granted to foreign companies.

Private debt securities assignments

  1. Advising Malaysian Infrastructure company on the Issuance of RM4.0 billion Sukuk Al-Ijarah guaranteed by Government of Malaysia jointly led by CIMB Investment Bank Berhad & Maybank Investment Berhad and Bank Islam (M) Berhad as co-managers;
  2. Advising RHB Investment Bank Berhad and RHB Islamic Bank Berhad on the issuance of up to RM745 Million comprising RM330 Million Sukuk Ijarah and RM415 Million Sukuk Mudharabah for a concession company involved in highway construction and operation;
  3. Advising AmInvestment Bank Berhad, CIMB Investment Bank Berhad and HSBC a Bank Malaysia Berhad (Joint Arrangers) on the issuance of up to RM2.5 Billion Murabahah Commercial Papers by a company involved in ship-owning, ship-operating and other activities relating to shipping service;
  4. Advising CIMB Investment Bank Berhad and HSBC Bank Malaysia Berhad (Joint Arrangers) on the issuance of up to RM1 Billion Murabahah Commercial Papers and Medium Term Notes by a company involved in ship-owning, ship-operating and other activities relating to shipping service;
  5. Advising Affin Investment Bank Berhad on the issuance of RM738 Million of Fixed Serial Bonds and RM360 Million of Medium Term Notes Programme by a company involved in investment holding activities;
  6. Advising Affin Investment Bank Berhad on the issuance of RM180 Million of Medium Term Sukuk al-Ijarah Programme comprising RM150 Million Senior Sukuk and RM30 Million Junior Sukuk by a company involved in the construction of telecommunication towers.

Islamic Finance Products Development

  1. Drafting the rules governing the operations of Bursa Suq al-Sila', a brand new commodity trading platform under Bursa Malaysia Berhad based on the Shariah concept of Murabahah, and providing legal advice on the establishment and operation (including on the Shariah issues) of the same.
  2. Advising an Islamic Bank in developing common draft documentation for its newly launched Islamic profit rate swap based on the Shariah concept of Tawarruq.
  3. Advising an Islamic Bank in developing common draft documentation for its newly launched Islamic cash line financing based on the Shariah concept of Tawarruq.
  4. Advising an Islamic Bank in developing common draft documentation for its newly launched fixed-variable rate Islamic home financing.

Corporate Bank Debt Restructuring assignment

  1. Advising company involving in automative industry in Sukuk Al-Ijarah restructuring exercise of RM140 million;
  2. Advising client portfolio comprising of various SMEs with exposure totaling RM500 million on restructuring, rescheduling, refinancing of debt owed to various financial institutions.

Islamic Investment Fund and Constitutional Trusts assignments

  1. Advising the promoter of investment fund to establish a fund amounting to RM100 million with the purpose of investing in technology companies.
  2. Advising the promoter of investment fund to establish a fund amounting to RM1 billion with the purpose of investing in the accelerated growth of privately-owned small and medium enterprises.
  3. Advising a government-owned venture capital management company in the setting up of Islamic Fund based on the principle of Musyarakah.

ACCOLADES

  1. Islamic Finance News in its publication, Leading Lawyers for both 2009 and 2010 has identified Ahmad Lutfi Abdull Mutalip as one of the leading lawyers nominated in the category of Islamic banking and finance.

COMMITTEE JOINED

  1. A sub-committee member for Company Laws of the legislative review committee to facilitate the further advancement of Islamic Banking in Malaysia at Bank Negara Malaysia (Central Bank of Malaysia)

LECTURING ENGAGEMENT

  1. Part time lecturer for Certificate in Islamic Law in “Islamic Banking Law” for Harun M. Hashim Law Centre, International Islamic University Malaysia for staff of Maybank Berhad, Public Bank Berhad and OCBC Bank Berhad

WEB SEMINAR PRESENTED

  1. Webinar on Islamic Finance in Asia organized by Asialegalonline, the online publication of Asian Legal Business, Singapore.

PAPERS PRESENTED

  1. Presentation entitled “Islamic Venture Capital & Private Equity: Legal Issues & Challenges” for The 2nd Islamic Venture Capital and Private Equity Conference 2009 – Kuala Lumpur Convention Centre, 20-21 May 2009, Kuala Lumpur, Malaysia.
  2. Presentation entitled “Introduction to Islamic Finance: Development of Banking in Malaysia” for Law Retreat: Lawyering in the International Market organized by Center International Legal Studies, 21-27 March 2009, Kitzbuhel, Austria.
  3. Presentation entitled “Islamic Alternatives to Structured Product” for Pacific Prospect’s Malaysia Structured Products Forum 2009, Kuala Lumpur, Malaysia.
  4. Presentation entitled “Common Mistakes & Issues In Islamic Legal Documentation” for Seminar on Legal Documentation for Islamic Financing organized by Islamic Banking & Finance Institute Malaysia (IBFIM), 20-21 March 2007, Kuala Lumpur, Malaysia.
  5. Presentation entitled “Common Mistakes & Issues in Drafting Islamic Legal Documentation” for Seminar on Legal Documentation for Consumer & Business Financing Products organized by Islamic Banking & Finance Institute Malaysia, 13 September 2006, Kuala Lumpur, Malaysia.
  6. Presentation entitled “Legal Aspects of Islamic Financing: Latest Issues & Cases” for Executive Seminar on Islamic Banking & Finance organized by GlobalPro Training & Development, 29 June 2005, Kuala Lumpur, Malaysia.
  7. Presentation entitled “Legal Documents for Islamic Financing Facilities” for Seminar on Shariah & Legal Documentation on Islamic Banking organized by Islamic Banking & Finance Institute Malaysia (IBFIM), 26 March 2005, Kuala Lumpur, Malaysia.
  8. Presentation entitled “Legal Requirements for Islamic Private Debt Securities – Fully understanding the Shariah Laws” for Regional Conference on Private Debt Securities “Analyzing opportunities & development of PDS”, 25 August 2004, Kuala Lumpur, Malaysia.
  9. Presentation entitled “Legal Documentation for Islamic Corporate Banking” for Seminar on Shariah & Legal documentation on Islamic Banking jointly organized by IBFIM & Syariah Committee, Penang Bar, 9-10 August 2004, Penang, Malaysia.
  10. Presentation entitled “Legal Documentation for Istisna’ Financing” for Seminar on Legal Documentation for Islamic Financing organized by Centre for Research and Trading, 15-16 June 2004, Kuala Lumpur, Malaysia.
  11. Workshop on Lending Securities & Documentation for Bank Industri & Teknologi (M) Berhad, 29 – 30 September 2003, Kuala Lumpur, Malaysia.
  12. Presentation entitled “Unsettled Debt & the Protection of the Financiers in Islamic Home Financing Facility: Legal Solutions under the Broad Principles of Shari’ah” for Professional Seminar on “Islamic Home Financing” organized by Global Shari’ah Academy, 23 July 2003, Kuala Lumpur, Malaysia.
  13. Presentation entitled “Common Mistake & Issues in Islamic Debt Financing Documentation” for Seminar on Shariah, Legal Issues & Documentation for Islamic Financing organized by Islamic Banking & Institute Malaysia, 30 June 2003, Kuala Lumpur, Malaysia.

WORKSHOPS CONDUCTED

  1. Workshop on Drafting Islamic Banking Documentation and Case Laws organized by AAA Consulting Sdn Bhd, 2 August 2010, Kuala Lumpur, Malaysia.
  2. Workshop on Islamic Finance organized by IBFIM, 17 June 2010, Johor Bahru, Malaysia.
  3. In-House Workshop on Understanding Islamic Private Debt Securities with Harry Elias Partnership law firm, 3 November 2007, Singapore.
  4. Seminar on Shariah and Legal Documentation on Islamic Banking organized by IBFIM, 26 March 2005 Johor Bahru, Malaysia.
  5. Workshop on Lending and Securities with Bank Industri Malaysia Berhad, 30 September 2003, Kuala Lumpur, Malaysia.

ARTICLES PUBLISHED

  1. Article on “Financing and Deposit Based on Tawarruq” appearing in Islamic Finance Asia February/March 2009 published by RedMoney.
  2. Article on “Structuring Sukuk Ijarah and Mudarabah” appearing in MIF Monthly November 2008 published by RedMoney.
  3. Article on “Musharakah Venture Capital and Private Equity Fund: A Transaction Structure” appearing in MIF Monthly August 2008 published by RedMoney.
  4. Article on “Practical Legal Issues in Islamic Banking” appearing in MIF Monthly April 2008 published by RedMoney.
  5. Article on “Liberalisation of Malaysian Islamic Financial System” appearing in Asian Counsel 2008 published by Pacific Business Press Limited.
  6. Article on “Guidelines on Offering Islamic Securities” appearing in Asian Counsel 2008 published by Pacific Business Press Limited.

SEMINARS ATTENDED

  1. Seminar on “Islamic Exchange Traded Fund” organized by Islamic Banking & Finance Institute Malaysia (IBFIM), 9 December 2009, Kuala Lumpur, Malaysia.
  2. 6th Kuala Lumpur Islamic Finance Forum 2009 at JW Nikko Hotel, Kuala Lumpur, Malaysia.
  3. Seminar on “Islamic Finance Forum Asia, 3-5 August 2009, Kuala Lumpur, Malaysia.
  4. One Day Seminar on “Potentials and Opportunities in Islamic Asset Management Post 2008 Global Financial Crisis”, 18 February 2009, Kuala Lumpur, Malaysia.
  5. Sukuk Workshop: Structuring Innovative Sukuks organized by Labuan Offshore Financial Services Authorities (LOFSA) & Bank Indonesia, 18 June 2007, Jakarta, Indonesia.
  6. Global Islamic Finance Forum at KL Convention Centre organized by Central Bank of Malaysia, 26-29 March 2007, Kuala Lumpur, Malaysia.
  7. Seminar on Documentation For Consumer & Business Financing Product organized by Islamic Banking & Finance Institute Malaysia (IBFIM), 12 – 13 September 2006, Kuala Lumpur, Malaysia.
  8. Workshop on Infrastructure Project Forum organized by World Bank Institute, 26 June 2000 – 7 July 2000, Washington D.C., United States of America.
  9. Seminar on Legal Aspect in Project Finance organized by JQYL Consulting on 1999, Singapore.

Mr. Hamid Yunis
Partner, Taylor Wessing, UK

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Hamid is a senior partner within the City of London office of the international law firm of Taylor Wessing. Having trained as a corporate finance lawyer, since the mid-1990s, Hamid has been involved in the successful structuring, negotiation and financial close of a number of major projects and project financed transactions globally. Hamid also has a number of management roles within Taylor Wessing and heads up from London the firm's Middle East Group (which includes it Gulf based lawyers) and also one of key industry groups, the Healthcare and Infrastructure Group.

Hamid also leads Taylor Wessing's well known Islamic Finance Group and is both a recognised industry specialist and adviser to a number of leading institutions in the field. The Islamic Finance Group includes lawyers from a number of different disciplines across Taylor Wessing including Finance, Projects, Corporate, Tax and Commercial Property. The Group also includes both Muslims and non-Muslims and the healthy exchange of ideas within the Group allows a structuring of practical "Shari'ah" compliant solutions. Hamid has led legal teams on a number of market leading transactions including acting for the Dubai Government on its EMTN, MTN and Sukuk issues.

Hamid has also acted on a number of Islamic finance transactions which have included the use of Islamic structures for property development, project finance, trading activities (including private equity and hedge funds) and the use of Islamic investment/funds products. The approach in particular is to structure transactions with a particular relevance to the products being capable of being used in conventional, international and capital markets.

Hamid is recognised by the Legal 500, Chambers and by Legal Business as a leading expert in the field and is a regular contributor to industry fori and publications.


Mr. Ayman Khaleq
Partner, Vinson & Elkins LLP, United Arab Emirates
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Partner in the Dubai office of Vinson & Elkins LLP. His practice focuses on corporate and structure finance and debt capital markets transactions with a particular emphasis on the structuring and documentation of Islamic finance and investment products (including Sukuk offerings backed by pools of global assets).In addition, he advises clients on private equity transactions in the Middle East as well as on the formation of innovative Shari'a-compliant real estate and infrastructure, private equity, and equity funds and structured products. Ayman has been involved in a number of privatization and deregulation transactions across the MENA region, including Bahrain, Saudi Arabia, Qatar and Jordan, and has been advising foreign investors on doing business in the Middle East for mre than twelve years. Some of the keys sectors in which Ayman practices include infrastructure, telecommunications, media, technology and energy.

Ayman is regularly recognized among the bestIslamic finance lawyers in the world by leading industry and legal publications such as Chambers Global and EUromoney and was recently named a Leading Lawyer in seven categories by Islamic Finance News. Ayman is a regular speaker at international conferences and is currently teaching a course on Transactional Islamic Law at the George Washington University Law School. He is fluent in Arabic and English and is qualified in New York State and Jordan.


 

Mr. Madzlan Mohd Hussain
Partner, Zaid Ibrahim and Co, Malaysia
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Partner of the Islamic Banking and Finance Practice for Zaid Ibrahim & Co. (ZICO), a regional law firm with presence in Indonesia, Malaysia, Singapore, Thailand, Vietnam, the UAE and most recently, Australia.

He started his career with the firm in 1998 as a trainee associate. Madzlan’s engagements include advising government authorities on Islamic finance prudential framework; advising financial institutions on the legal and regulatory compliances for their Islamic finance operations; standardisation of Islamic finance documentation; structuring and designing Sharī’ah-compliant financial products; Islamic corporate financing facilities; and issuance of Islamic securities. In 2004, Madzlan joined the Islamic Financial Services Board (IFSB), an international standard-setting organisation for the Islamic financial services industry, based in Kuala Lumpur. During his 6-year stint at the IFSB, he was particularly responsible in overseeing the development of prudential framework for corporate governance practices for all segments of Islamic financial services and was instrumental in spearheading IFSB’s initiatives in addressing legal issues in Islamic finance. He returned to ZICO as a partner in February 2010.

Madzlan holds a law degree from International Islamic University Malaysia and a master degree in Islamic finance from Loughborough University, United Kingdom. He was admitted as an Advocate and Solicitor, High Court of Malaya since 1999 and is an Associate, Chartered Islamic Finance Professional since 2009.


 

Dr. Andrew White
Associate Professor of Law & Director, International Islamic Law and Finance Centre, Singapore Management University, Singapore
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Andrew White is an Associate Professor and the Director of the International Islamic Law & Finance Centre in the Singapore Management University. An experienced lawyer with nearly 30 years at the Bar, he teaches an undergraduate course in Islamic Law, Banking, and Commerce, an undergraduate and postgraduate course on Islamic Commercial Law (fiqh al-mu‘āmalah), and he is developing several professional training programs in Islamic law and finance, as well as a specialised LLM (Master of Laws) programme in Islamic law and finance to be commenced at SMU in 2011. Prof White’s recent international appointments include an appointment for several years in the Melbourne Law School (Senior Fellow), teaching an Islamic law module as part of the Melbourne Law Masters (LLM) postgraduate program, as well as various undergraduate and postgraduate courses in the LLB and JD programs; appointment to the University of Melbourne Centre for Islamic Law and Society and the Centre for Corporate Law & Securities Regulation; appointment as a Visiting Professor in the Harun M. Hashim Law Centre, International Islamic University Malaysia (IIUM); appointment as a Visiting Professor in the Faculty of Law of Universitas Islam Indonesia (UII); and regular guest lectures and a recent 2-day workshop in the Faculty of Law of Gadjah Mada University (Indonesia). Prof White is a frequent featured speaker regarding Islamic law and finance at various international academic and professional seminars and conferences, such as the preeminent World Islamic Banking Conference in Bahrain (with over 1200 participants) and the Islamic Finance News Roadshow Singapore (co-sponsored and hosted with SMU in 2010 and 2011). He also regularly appears in various international broadcast media such as the BBC Asia (Asia Business Report), Channel NewsAsia (Insight, Cents & Sensibilities), and has been featured in newspapers and magazines such as Gulf News (United Arab Emirates), al-Eqtisadyah (Saudi Arabia), Islamic Finance Asia (Kuala Lumpur), Islamic Business & Finance (Dubai), and Business Islamica (Dubai). Prof White has recently edited and authored the introduction of a book on “Marketing to the Muslim World: Reaching 1.5 Billion Consumers” (as Consulting Editor for John Wiley & Sons), and he is authoring a book for LexisNexis on Islamic law and finance in the context of Asia.


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