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IBFCThrive with Shari’ah

Services

Customized Training Programs

Design and implementation of training programs for executives, employees, and professionals in Islamic banking and finance, including certification training.

Islamic Banking & Finance Guidance

Expert consultancy on Islamic banking and finance, answering your initial inquiries and providing advisory services to help you navigate this specialized field.

Sukuk Structuring & Operations

Comprehensive support in structuring Sukuk investments, drafting documents, and ensuring full compliance with Shari’ah principles and local regulations.

Islamic Equity Solutions

Tailored guidance on Shari’ah-compliant equity investments, from developing screening methodologies to reviewing fund documents and forming Shari’ah Supervisory Boards.

Takaful (Islamic Insurance) Advisory

Assistance in developing Islamic insurance products and services in line with international Shari’ah standards, resolutions, and best practices.

IBFC Thrive with Shari’ah Services Tree

Navigating Islamic Banking and Finance Services

Document
  1. IBFC Thrive with Shari’ah

      1. Support in
        answering
        preliminary
        questions asked by
        clients
      2. Advisory in Sukuk
        structuring and
        documents drafting
      3. Shari’ah review of
        Sukuk structure and
        documents
      4. Assistance in
        formation of
        Shari’ah
        Supervisory Board
      1. Support in
        answering
        preliminary
        questions asked by
        clients
      2. Advisory in
        developing
        screening
        methodology and
        operational
        guidelines
      3. Shari'ah review of
        Shari'ah Fund
        (Islamic Equity
        Fund) documents
      1. Support in
        answering
        preliminary
        questions asked by
        clients
      2. Advisory in
        developing Islamic
        insurance products
        and services
      3. Shari'ah review of
        product and service
        structure and
        documents
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Customized Training Programs

Description: Clients frequently pose initial inquiries before arranging training program. We can provide guidance and address these questions considering some basic principles and requirements.
Nature of Appointment: This service is offered on a complimentary basis based on a gentlemen’s agreement.

Description: This service is provided through professional engagement and can be conducted as day-long sessions during the working day or on weekend. A customized program may be designed and implemented. 
Nature of Appointment:This service is provided through professional engagement and can be conducted as day-long sessions during the working day or on weekend. A customized program may be designed and implemented.

Description: While it is not necessary for all employees in a dual banking system or a full-fledged Islamic bank to be experts, having a fundamental knowledge is important for handling documents, interacting with clients, and conducting business smoothly
Nature of Appointment: This service is offered through professional engagement. A customized program for 15-hour long may be designed and implemented.

Description: Offering foundational training to operational executives, encompassing all aspects of Islamic banking and finance, can be highly effective before launching the actual activities.
Nature of Appointment: This service is provided through professional engagement, and a tailored program spanning 45 hours may be designed and implemented.

Description: Following foundational training, the development of job-specific human resources through customized programs can be an effective approach. Grouping executives with similar job descriptions may enhance the efficiency of this process.
Nature of Appointment: This service is provided through professional engagement, and a tailored program spanning 10 hours may be designed and implemented.

Description: Developing and implementing a thorough training plan, along with advanced-level programs that incorporate a stringent screening process, can serve as a strong incentive for nurturing professional expertise in the realm of Islamic banking and finance. Qualified candidates should be duly acknowledged and appreciated by awarding them a distinguished certificate.
Nature of Appointment: This service is provided through professional engagement and encompasses a systematic approach in training planning, program design, effective delivery, and a pragmatic evaluation system.

Islamic Banking & Finance Guidance

Description: Clients frequently pose initial inquiries before making a commitment to launch Islamic banking and finance services. We can provide guidance and address these questions considering general perception.
Nature of Appointment: This service is offered on a complimentary basis based on a gentlemen’s agreement.

Description: Certain conventional banks and financial institutions are concurrently offering Islamic banking and finance services alongside their conventional operations, while others are contemplating this transition. However, effective guidance is vital to facilitate a smooth and systematic launch.
Nature of Appointment: This service is available through professional engagement and can involve a combination of conducting a feasibility study and facilitating the launch process.

Description: Some conventional banks and financial institutions have undergone conversion from conventional to Islamic operations, while others are in the planning stages of such a transformation. Effective guidance is crucial to ensure a seamless and Shari’ah-compliant transition that aligns with existing products and services.
Nature of Appointment: Certain conventional banks and financial institutions are concurrently offering Islamic banking and finance services alongside their conventional operations, while others are contemplating this transition. However, effective guidance is vital to facilitate a smooth and systematic launch.Certain conventional banks and financial institutions are concurrently offering Islamic banking and finance services alongside their conventional operations, while others are contemplating this transition. However, effective guidance is vital to facilitate a smooth and systematic launch.

Description:Newly established or converted full-fledged Islamic banks/financial institutions, as well as banks/financial institutions offering dual services, must develop suitable and Shari’ah-compliant products and services. Additionally, existing Islamic banks/financial institutions need to diversify their product offerings to meet market demands.
Nature of Appointment: This service is offered through professional engagement and can involve document drafting and review, ensuring compliance with legal, Shari’ah aspects, and industry best practices.

Description: As time progresses, the business environment evolves, and Islamic banking and finance knowledge advances. In this context, it’s essential to conduct comprehensive reviews of all documents and contract forms, considering both Shari’ah compliance and the evolving business landscape. The involvement of an expert pool can be instrumental in this process.
Nature of Appointment: This service is offered through professional engagement and can involve document review ensuring compliance with legal, Shari’ah aspects, and industry best practices

Description:  A Shari’ah Supervisory Board is to be formed for the entity. We can assist in establishing the Shari’ah Supervisory Board in compliance with the applicable rules and regulations. It’s crucial to emphasize that the formation and functioning of the Shari’ah Supervisory Board are completely independent of our other services.
Nature of Appointment:    To ensure independence, Shari’ah Supervisory Board members will be appointed individually and compensated individually by the entity.

Sukuk Structuring & Compliance

Description: Clients often have initial inquiries before committing to issue Sukuk. We offer Shari’ah-compliant guidance and clarification, including whether it’s permissible to structure Sukuk for specific projects or incorporate certain features.
Nature of Appointment: This service is provided on a complimentary basis through a gentleman’s agreement.

Description: Sukuk structures and documents vary due to issuer needs, asset types, and Shari’ah interpretations. We work closely with the Issue Manager and Legal Advisor to ensure compliance with Shari’ah principles, local regulations, and stakeholder preferences.
Nature of Appointment: This service is offered on a professional engagement basis. Ideally, the appointment will be by the Issue Manager or the originator.

Description: This service includes a single review of Sukuk documents from a Shari’ah standpoint. We will furnish comprehensive comments on the Sukuk structure and documents, delivering a report in the form of an opinion.
Nature of Appointment:This service is provided on a professional engagement basis and can be appointed by the Issue Manager, Investment Manager, Originator or Trustee.

Description: Sukuk documents are typically drafted by the legal advisor appointed by the Issue Manager or Originator. If necessary, we can facilitate the drafting of Sukuk documents by engaging a qualified legal advisor and collaborating closely with them.
Nature of Appointment: This service is provided through professional engagement, with the preferred appointment being made by the Issue Manager or the originator.

Description: A Shari’ah Supervisory Board is to be established for each Sukuk issuance. We can aid in the formation of the Shari’ah Supervisory Board in accordance with the BSEC Sukuk Rules, 2019. It’s important to highlight that the formation and operation of the Shari’ah Supervisory Board is entirely separate from our other services.
Nature of Appointment: To maintain independence, Shari’ah Supervisory Board members will be appointed individually, and any honorarium they receive will be on an individual basis. The appointment of board members will be made by the originator.

Islamic Equity Solutions

Description: Clients frequently pose initial inquiries before engaging with the Islamic equity operations. We can provide guidance and address these questions from a Shari’ah and business perspective. 
Nature of Appointment: This service is provided on a complimentary basis through a gentleman’s agreement.

Description: This service entails aiding in the creation of a screening methodology for the identification of Shari’ah-compliant stocks and establishing guidelines for Shari’ah fund management, including income purification. Additionally, we can provide assistance in addressing scenarios that are not currently addressed by existing guidelines.
Nature of Appointment: This service is offered on a professional engagement basis. 

Description: This service comprises a one-time review of the Shari’ah Fund’s screening methodology, operational guidelines, prospectus, promotional materials, and other documents from a Shari’ah perspective
Nature of Appointment: This service is offered on a professional engagement basis. 

Description: A Shari’ah Supervisory Board is to be constituted for the entity. We can assist in the establishment of the Shari’ah Supervisory Board in accordance with prevailing guidelines. It’s essential to emphasize that the formation and functioning of the Shari’ah Supervisory Board are distinct from our other services.
Nature of Appointment: To ensure independence, Shari’ah Supervisory Board members will be appointed individually and compensated individually by the entity.

Takaful (Islamic Insurance) Advisory

Description: Clients frequently pose conceptual questions related with Islamic Insurance (Takaful) operations. 
Nature of Appointment: This service is provided on a complimentary basis through a gentleman’s agreement.

Description: This service includes aiding in the development of Islamic insurance (Takaful) products and services in accordance with AAOIFI Shari’ah Standards, resolutions from esteemed authorities, and international best practices.
Nature of Appointment: This service is offered on a professional engagement basis. 

Description: This service involves a one-off review of product and service related documents (e.g. contracts, forms, PPGs) and promotional materials from the Shari’ah perspective.
Nature of Appointment: This service is offered on a professional engagement basis.

Description: A Shari’ah Supervisory Board is to be constituted for the entity. We can assist in the establishment of the Shari’ah Supervisory Board in accordance with prevailing guidelines. It’s essential to emphasize that the formation and functioning of the Shari’ah Supervisory Board are distinct from our other services.
Nature of Appointment: To ensure independence, Shari’ah Supervisory Board members will be appointed individually and compensated individually by the entity.

Option 3

Takaful (Islamic Insurance) Advisory

Description: Clients frequently pose conceptual questions related with Islamic Insurance (Takaful) operations. 
Nature of Appointment: This service is provided on a complimentary basis through a gentleman’s agreement.

Description: This service includes aiding in the development of Islamic insurance (Takaful) products and services in accordance with AAOIFI Shari’ah Standards, resolutions from esteemed authorities, and international best practices.
Nature of Appointment: This service is offered on a professional engagement basis. 

Description: This service involves a one-off review of product and service related documents (e.g. contracts, forms, PPGs) and promotional materials from the Shari’ah perspective.
Nature of Appointment: This service is offered on a professional engagement basis.

Description: A Shari’ah Supervisory Board is to be constituted for the entity. We can assist in the establishment of the Shari’ah Supervisory Board in accordance with prevailing guidelines. It’s essential to emphasize that the formation and functioning of the Shari’ah Supervisory Board are distinct from our other services.
Nature of Appointment: To ensure independence, Shari’ah Supervisory Board members will be appointed individually and compensated individually by the entity.

Takaful (Islamic Insurance) Advisory

Description: Clients frequently pose conceptual questions related with Islamic Insurance (Takaful) operations. 
Nature of Appointment: This service is provided on a complimentary basis through a gentleman’s agreement.

Description: This service includes aiding in the development of Islamic insurance (Takaful) products and services in accordance with AAOIFI Shari’ah Standards, resolutions from esteemed authorities, and international best practices.
Nature of Appointment: This service is offered on a professional engagement basis. 

Description: This service involves a one-off review of product and service related documents (e.g. contracts, forms, PPGs) and promotional materials from the Shari’ah perspective.
Nature of Appointment: This service is offered on a professional engagement basis.

Description: A Shari’ah Supervisory Board is to be constituted for the entity. We can assist in the establishment of the Shari’ah Supervisory Board in accordance with prevailing guidelines. It’s essential to emphasize that the formation and functioning of the Shari’ah Supervisory Board are distinct from our other services.
Nature of Appointment: To ensure independence, Shari’ah Supervisory Board members will be appointed individually and compensated individually by the entity.

IBFC Thrive with Shari’ah Services

Navigating Islamic Banking and Finance Services

A. Common Services Related with Customized Training