Sukuk Structuring under the New AAOIFI Standards (English)

سياق البرنامج
This workshop is part of the Market-Development Suite, positioning the AAOIFI Centre as a technical reference point on Sukuk structuring. It addresses the key changes introduced under the new AAOIFI Sukuk standards and their practical implications for structuring, governance, and accounting.

Why This Programme Matters
The revised AAOIFI Sukuk standards represent a significant development in the Islamic capital market. Treasury professionals, legal teams, and Shari’ah practitioners must understand what has changed, why, and how the new framework applies to both new issuances and existing structures. Failure to apply the new requirements correctly creates legal, governance, and Shari’ah compliance risks.

Programme Approach
Delivered in English over two days in a hybrid format. Combines presentations, case studies, and group discussion, with a focus on practical structuring exercises.

Day 1: Shari’ah and Governance Framework for Sukuk Structuring

• Sukuk structures under the new AAOIFI Sukuk standards
• Shari’ah principles governing Sukuk: asset ownership, risk transfer, and prohibitions
• Key requirements and clarifications under AAOIFI Shari’ah and Governance Standards
• Roles of issuers, arrangers, trustees, and Shari’ah boards
• Governance failures and compliance risks in Sukuk structures

Day 2: Structuring, Accounting, and Practical Illustratives

• Structuring of common Sukuk types under AAOIFI Standards
• Legal documentation and transaction flow
• Accounting and reporting considerations for Sukuk structures
• Investor protection, transparency, and ongoing compliance
• Practical structuring illustrations and case-based discussion

Progression Pathway
An intermediate-to-advanced specialist workshop. Participants should have working knowledge of Islamic finance and treasury. The Arabic version of this programme (WS12A) covers the same content for Arabic-speaking audiences.