OAPEC sponsored investment company. 2006-2007

 

i. Training:
  • Multiple in house training sessions on Foundations of Islamic banking & finance, and Islamic Project Finance to board members
  • Multiple in house training sessions for different project staff. Courses include Foundations, Islamic trade finance, Islamic project finance, and Islamic capital market.
ii. Consulting:
a. Transactional Islamic Project Finance Advisory:
  • Assisted the client to implement competitive Islamic structures when tendering to agent financings for hydrocarbon related activities in their member states or for clients of member state domiciled entities
  • Reviewed transaction documents, transaction flow and product design on a deal by deal basis
  • Developed Wakala based working capital product for medium sized petroleum enterprise in an emerging market with limited legal and regulatory infrastructure
  • SHAPE® turn-around times allowed client to respond efficiently to clients and agent banks.
b. Shariah research and consulting:
  • Responded by circulation to periodic Shariah inquiries related to client’s investment and financing activities
  • Analyzed counter party investment proposals for Shariah compliance according to AAOIFI standard
c. Product Manuals:
  • Delivered comprehensive procedures manual for Islamic products applied to project finance, trade finance, and treasury operations
  • All schematics include a thorough review of AAOIFI and IFSB standards with respect to the transaction type
d. Analysis of the interbank murabaha and Wakala Islamic treasury operation.
  • Examined multiple sets of different Islamic treasury documents
  • Performed SWOT analysis including legal efficiency, AAOIFI compliance, and comparative analysis to the IIFM standardized murabaha inter-bank placement documents

Boutique Islamic investment bank. 2007

 

Sukuk training and transactional capital market advisory: SHAPE® provided sukuk training, and transactional sukuk structuring and REIT consultation. We also provided analysis for the development of services linked to waqf activities.

A mid-tier Saudi bank that converted to Islamic operations. 2006/07

 

i. Training: Islamic Capital Market (Sukuk), and Islamic Treasury & Hedging
ii. Consulting:
a. Shariah consulting:
  • Manage new product review with the bank’s Shariah board
  • Support to the Islamic department in processing new product proposals, and organizing & cataloging existing fatawa
  • Respond by circulation to periodic Shariah inquiries related to Islamic treasury operations
b. Equity Capital Market Advisory: coordinated the mechanical process of put structured product and other funds for the wealth management department
Contract ended with the Bank engaging SHAPE’s point person on a full time basis as per mutually agreed terms.

De novo real estate investment manager. 2007

 

Real Estate Screen: SHAPE® provided the screening rationale for real estate investment in the MENA region.

Central Bank affiliated training center. 2009 onwards

 

Training: Provide English based training covering different Islamic finance aspects. Courses include Foundation of Islamic Banking & Finance, Applied Modern Islamic Finance Tools (blended course covering corporate banking, trade finance and hedging), Islamic capital market and securitization, Islamic Treasury& Hedging and other bespoke Islamic finance training. Assessment based and non-assessment based training has been delivered.

Leading Islamic Bank in the Kingdom. 2008 onwards

 

Training: Provided English and selected Arabic training through our marketing partners covering different Islamic finance aspects. Courses include Foundation of Islamic Banking & Finance, Applied Modern Islamic Finance Tools (blended course covering corporate banking, trade finance and hedging), Islamic capital market and securitization, and Islamic Treasury& Hedging. Assessment based and non-assessment based training has been delivered.

Islamic research institute. 2012

 

Applied Research:
  • Detailed survey of existing Islamic housing finance method
  • Review of global housing finance solution to scan for innovative solution and lessons learnt
  • Recommendation for Islamic housing finance solution
  • Discussion on challenges in implementation of the solution

Multilateral Development Bank. 2012

 

Applied Research:
  • Review of MDFI role and funding sources
  • Survey of MDFI experiences in using capital market solutions, including infrastructure fund and private equity funds
  • Recommendation for Islamic MDFI resource mobilization

Saudi Arabian investment bank. 2007 onwards

  • Director: One of SHAPE® members is the independent director and member of audit committee at the bank
  • Training: Islamic capital market & securitization training for the structured finance team in 2007