Description
Islamic financial contracts such as Murabahah Purchase Order (“MPO”), Ijarah Muntahia Bittamlik (“Islamic Hire Purchase”), and Musyarakah Mutanaqisah (“Diminishing Partnership”) are widely used in consumer and asset financing. However, their practical implementation requires an in-depth understanding of both legal and Shariah frameworks to ensure compliance with Islamic principles while remaining enforceable under Malaysian law.
This session will provide a structured discussion on the key aspects of these contracts, covering:
- Shariah foundations: How these structures align with Islamic finance principles;
- Legal documentation and enforceability: Key clauses and potential legal pitfalls; and
- Case studies and recent developments: Insights from regulatory guidelines, judicial decisions, and industry practices.
By the end of this session, participants will gain a deeper understanding of how these Islamic financial products function, their contractual risks, and best practices for structuring them in compliance with both Shariah and Malaysian legal frameworks.
Speaker
Muhammad Aiman Mohamad Salmi is a Fellow Chartered Professional in Islamic Finance (“FCPIF”) from the Chartered Institute of Islamic Finance Professionals (“CIIF”), a Certified Shariah Adviser and Auditor (“CSAA”) from the Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”), and a Certified Shariah Advisor (“CSA”) from the Association of Shariah Advisors in Islamic Finance (“ASAS”). He holds a Master of Science in Islamic Finance from the International Centre for Education for Islamic Finance (“INCEIF”) and a double degree in Bachelor of Laws (LLB) and Bachelor of Laws (Shariah) from the International Islamic University Malaysia (“IIUM”).
Aiman is a partner at Mu’az Aiman Halem Auzan & Associates and the Director and Principal Consultant at Tawafuq Consultancy. He is also a member of the Shariah Advisory Council of Al-Amanah Islamic Investment Bank of the Philippines. He focuses on Shariah advisory in Islamic finance as well as legal structuring and regulatory compliance in Islamic banking and finance. His experience spans Islamic banking and finance products, Sukuk structuring, Islamic Real Estate Investment Trusts (“REITs”), and corporate and commercial product structuring. Additionally, he advises financial institutions, investment banks, and corporations on structuring Shariah-compliant instruments and offerings.
A former Shariah officer in a Malaysian Islamic bank, Aiman was responsible for ensuring Shariah compliance in banking operations, reviewing financial products, and resolving Shariah-related legal matters. He is actively involved in professional and academic circles, serving as a CIIF Grand Council Member and holding memberships in ASAS; Malaysian Finance Association (“MFA”); Malaysian Association of Muslim Finance Professionals (“MAMFP”); ASEAN Young Professionals Network; and the International Council of Islamic Finance Educators (“ICIFE”).
Aiman is also a senior accredited trainer with the Islamic Banking and Finance Institute Malaysia (“IBFIM”) and Human Resource Development Corporation (“HRD Corp”), delivering regular training programmes on Islamic finance, legal documentation, and Shariah advisory.
Terms and Conditions
Event Policy
Places are limited and registration is on a first-come, first-served basis. The registration for this session will close on 21 July 2025 (Monday), at 12:00 pm.
For events with registration fees, all payments must be made in advance, including bank charges. Registration will be confirmed once proof of payment is provided by email or fax, and full payment is received.
The organiser reserves the right to modify, cancel or postpone the event, should circumstances arise that make such action necessary, whereupon all registration fees paid will be refunded.
Cancellation
Cancellations must be made in writing.
Please note that there will be no refunds for cancellations, but substitutions are allowed. Kindly inform us in writing with the relevant details at least three days in advance.
If you have failed to inform the organiser on your cancellation for three consecutive times, you may be blacklisted for future events.
Transferal
You are allowed to transfer your place to another participant, but you must notify the organiser with the necessary details at least three days in advance.
Attendance
CPD points for CPD Scheme will not be awarded to lawyers and pupils in chambers from Peninsular Malaysia who arrive more than 15 minutes late, are not present throughout the event, or leave before its scheduled end.
Privacy
The personal information that you provide to the Bar Council, whether now or in the future, may be used, recorded, stored, disclosed or otherwise processed by or on behalf of the Bar Council for the purposes of facilitation and organisation of this event, research and audit, maintenance of a participant database for the promotion of this event, and such ancillary services as may be relevant.
Disclaimer
- Materials (if any) will be emailed only. No printed notes will be provided.
- No recording of the event is permitted via any means at any time.
- No part of the event content may be used / reproduced in any form without the written and explicit consent of the Bar Council and speaker(s).
