Lawyers to get sukuk deals training

Documentation for Islamic finance will be one of the topics. FILE PHOTO | NMG

What you need to know:

  • Aqeel Consulting managing director Jaafar Abdulkadir says the legal documentation and Sukuk training will start November 19.
  • Topics to be covered at the training will include legal documentation for Islamic finance, nature of Shariah contracts, structuring of Islamic finance facilities, Islamic capital markets and innovations in Sukuk and global trends.

Islamic finance advisory firm Aqeel Consulting has entered a partnership with the Law Society of Kenya (LSK) to provide professional training and capacity building to lawyers in handling finance transactions.

Aqeel Consulting managing director Jaafar Abdulkadir says the legal documentation and Sukuk training will start November 19.

Topics to be covered at the training will include legal documentation for Islamic finance, nature of Shariah contracts, structuring of Islamic finance facilities, Islamic capital markets and innovations in Sukuk and global trends.

Islamic finance is based on profit and risk-sharing and prohibits the collection and payment of interest.

Mr Abdulkadir said the training is part of capacity building to facilitate the promotion and consolidation of the Islamic finance industry in the country and the East Africa region.

Recently Moody’s listed Kenya among the 18 African countries that have the largest potential for growth of Islamic finance, forecasting that its assets locally would likely double to 10 percent in the next five years.

LSK chief executive Mercy Wambua said lawyers participating in the training forum will earn Continuous Professional Development (CPD) points through the LSK.

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