C L A R I D E N 29 April 1 May 2013

C L A R I D E N 29 April 1 May 2013 Hotel Mulia Jakarta Knowledge for the world business leaders Indonesia Islamic Banking & Financing Seminar Gearing Towards The New Dynamics of Global Banking and Finance Faculty Director Guest Speakers Associate Professor Dr Asyraf Wajdi Dusuki Leading Authority in Islamic Banking and Finance Head of Research Affairs, International Sariah Research Academy for Islamic Finance (ISRA) Chairman of Affin Bank Group Syariah Committee Syariah Advisor to Maldives Capital Market Development Authority, AIA AFG Takaful Berhad, AIA Takaful International, London-based Mortgage company Chain Mender Limited, London-based Halal Industries PLC, US- based Islamic Financial Institution United Chartered Bank (UCB) and Singapore-based IFIS Business Advisory Pte Ltd Board member of Studies for Islamic Finance program at International Islamic University Malaysia (IIUM), University Utara Malaysia (UUM), and University Tun Abdul Razak (UniRAZAK) Margie Margaret Tax Partner & Financial Services Tax Leader PricewaterhouseCoopers Indonesia Hanim Hamzah Partner, Zaid Ibrahim & Co Senior Foreign Counsel, Roosdiono & Partners Leoni Silitonga Partner, Roosdiono & Partners U Saefudin Noer, Drs. M. Si. Head of Syariah Banking Bank CIMB Niaga

Indonesia Islamic Banking & Financing Seminar F A C U L T Y D I R E C T O R Associate Professor Dr Asyraf Wajdi Dusuki Leading Authority in Islamic Banking and Finance Head of Research Affairs, International Syariah Research Academy for Islamic Finance (ISRA) Chairman of Affin Bank Group Syariah Committee Syariah Advisor to Maldives Capital Market Development Authority, AIA AFG Takaful Berhad, AIA Takaful International, London-based Mortgage company Chain Mender Limited, Londonbased Halal Industries PLC, US- based Islamic Financial Institution United Chartered Bank (UCB) and Singapore-based IFIS Business Advisory Pte Ltd Board member of Studies for Islamic Finance program at International Islamic University Malaysia (IIUM), University Utara Malaysia (UUM), and University Tun Abdul Razak (UniRAZAK) Associate Professor Dr Asyraf Wajdi Dusuki is currently the Head of Research Affairs, International Syariah Research Academy for Islamic Finance (ISRA). Apart from serving ISRA, he also serves as an Independent Director of Affin Islamic Bank. He sits as a Chairman of Affin Bank Group Syariah Committee and Syariah consultant and advisor to several financial institutions and advisory firms including Maldives Capital Market Development Authority, AIA AFG Takaful Berhad, AIA Takaful International, London-based Mortgage Company Chain Mender Limited, London-based Halal Industries PLC, US-Based Islamic Financial Institution United Chartered Bank (UCB) and Singapore-based IFIS Business Advisory Pte Ltd. He is also a member of Board of Studies for Islamic Finance Program at International Islamic University Malaysia (IIUM), University Utara Malaysia (UUM), University Tun Abdul Razak (UniRAZAK) and Associate Fellow at ISDEV, University Sains Malaysia (USM). He holds Master of Science degree in Islamic Economics, Banking and Finance and Ph.D in Islamic Banking and Finance from Loughborough University, United Kingdom. He has published in numerous international and local refereed academic journals. One of his article entitled Banking for the Poor: The Role of Islamic Banking in Microfinance Initiatives has been awarded as the 2009 Outstanding Paper Award by the well-known International Referred Journal Article Publisher Emerald Literati Network. Apart from that he has presented papers at both local and international conferences including London, New Zealand, Luxembourg, Bahrain, Doha, Kuwait, Berlin, Dubai, Tehran, Jakarta, Singapore and Brunei. He also conducts training in Islamic banking and finance related areas to officers of Central Bank of Malaysia, banking practitioners, government officials and public both local and international. G U E S T S P E A K E R S Margie Margaret Tax Partner & Financial Services Tax Leader PricewaterhouseCoopers Indonesia Margie is the FS Tax Leader of PricewaterhouseCoopers Indonesia and has over 20 years experience in taxation. She is also leading Thought Leadership in Islamic Finance taxation in Indonesia. She was one of the panelist in the Joint High Level Conference on Islamic Finance held by Bank Negara Malaysia together with Bank Indonesia in Jakarta, July 2011 and also one of speakers for Indonesia taxation for Islamic Finance held by third party and/or PricewaterhouseCoopers Asia Pacific FS Tax Conference since 2007. She was also one of the panelist in the 3rd Global Islamic Finance Forum held by Bank Negara Malaysia in Kuala Lumpur, Malaysia, September 2012. She is the engagement leader for various project including M&A and advice on structuring. She also attended the 5th World Islamic Economic Forum held in Jakarta in March 2009 in which PricewaterhouseCoopers is the knowledge partner for the event. 2

Indonesia Islamic Banking & Financing Seminar G U E S T S P E A K E R S Hanim Hamzah Partner, Zaid Ibrahim & Co Senior Foreign Counsel, Roosdiono & Partners Hanim s regional practice experience includes being based in Indonesia, Japan and Malaysia. Specialising in infrastructure project financing and M&A deals across the sectors of aviation, banking, insurance, mining, oil and gas, plantations, and property, Hanim s broader expertise also involves being well-versed in cross-border securitisation deals, structured financial products, and Islamic finance, where she has represented the interests of investors in key onshore and offshore multi-currency transactions. Hanim has participated in various Islamic finance conferences and her article on developments for Islamic banking and finance in Indonesia was published in the Guide to Islamic Banking and Finance in 2010. Resident in Indonesia since 2005, Hanim s first Sukuk transaction was in 19 for a water project in Malaysia. Thereafter, she has been involved in various cross-border Islamic finance deals and transactions covering various products and structures. In Indonesia, Hanim is an active advocate in developing a conducive legal framework for Islamic finance transactions. She was instrumental in the firm s achievement of being awarded with the Tawarruq Deal of the Year for a US$183 million Commodity Murabahah financing from Islamic Finance News. In Indonesia, Hanim has been recognised as a Leading Lawyer in four categories - Corporate, Commercial, Cross Border, Mergers & Acquisitions and Project Infrastructure Finance by Islamic Finance News, 2011. Leoni Silitonga Partner, Roosdiono & Partners Leoni Silitonga has considerable experience in acting as the legal advisor in structuring, negotiating and documenting project finance transactions, debt security issues, asset-backed securitisation transactions, structured finance transactions and documenting Shariah compliant financing transactions. Leoni has acted as a legal counsel to offshore financial institutions in foreign currency financings, including project financing; preparing Indonesian security/collateral documents; providing legal advice and assistance to both the issuers as well as to underwriters in connection with the issuance of onshore and offshore capital market securities (equity and debt). Prior to joining Roosdiono & Partners as a partner in 2010, Leoni was a partner at Tumbuan Pane. She holds a Bachelors degree in Business Law, Faculty of Law at Universitas Padjadjaran, Bandung. 3

Indonesia Islamic Banking & Financing Seminar G U E S T S P E A K E R S U Saefudin Noer, Drs. M. Si. Head of Syariah Banking Bank CIMB Niaga Since 1 October 2009, Saefudin has been trusted to lead the Islamic banking business of Bank CIMB Niaga as Head of Syariah Banking. He is also CIMB Group Islamic Banking Division (GIBD) Deputy Head in Indonesia who has been trusted to coordinate and drive all CIMB Group subsidiaries Islamic banking and finance business development in the country. Under his leadership, CIMB Niaga Syariah has won international and national awards such as the 1st Rank Digital Brand for Syariah Business Unit, the 1st Rank for Syariah Saving Account Digital Brand, Indonesia Bank Loyalty Champion (IBLA) 2012 (Rank No. 1 of customer satisfaction, customer transaction, and customer partnership index categories), Islamic Finance Award 2011 from Karim Business Consulting (5 awards), Banking Service Excellence Award 2011 from Infobank magazine and Marketing Research Indonesia (5 awards), AsiaMoney Award 2010 as the best Islamic bank in Indonesia and Islamic Finance Award 2010 from Karim Business Consulting, Indonesian Bank Loyalty Award (IBLA) 2010, and Top 3 of 34 Indonesian Islamic banking players with the most satisfactory and recommended products by a national magazine SWA survey in Sep-Oct 2010. By December 2011, CIMB Niaga Syariah was ranked as the 1st largest Islamic banking unit (SBU) from 24 SBUs in Indonesia. Before his time in CIMB Niaga, Saefudin was a Business Director of Bank Muamalat Indonesia, while his banking career began in 15 with various job experiences such as the Division Head & Corporate Secretary of Bank Duta, Team Leader of Communication for 8 banks merger to Bank Danamon that was one of the Indonesian Bank Restructuring Agency (BPPN) s projects, and Corporate Secretary Head of Bank Syariah Mandiri. He has also been recently appointed and trusted for a second term to be vice chairman of investment, capital & regional economy potential promotion committee of Syariah Economy Society (MES) 2012-2014. In addition, Saefudin is also the Islamic Economy Communication Center (PKES) s founder and was its first executive director. Saefudin received various national and international invitations to become a speaker in many Islamic Finance related seminars and conferences. 4

Program Details P R O G R A M S U M M A R Y Program: Dates: Location: Indonesia Islamic Banking & Financing Seminar - Gearing Towards The New Dynamics of Global Banking and Finance 29 April - 1 May 2013 (3 days) Hotel Mulia Jakarta Early Bird 1 (Register & pay by 4 Mar 2013): Early Bird 2 (Register & pay by 1 Apr 2013): Regular Tuition Fee: US$2,650 US$2,850 US$2,950 Group discount of 10% for 2nd participants from the same organization For limited time only by 1 April 2013, registration for 3 participants, the 4th participant will receive a complimentary seat (one discount scheme apply). Program Essence: This comprehensive three-day executive program Indonesia Islamic Banking and Financing Seminar is designed to equip you with a cutting-edge insights in Islamic banking and finance industry in Indonesia. Equip yourself with comprehensive guidance on fundamental, legislative and taxation framework of Islamic banking business in Indonesia. In this intensive and interactive program, participants will gain an in-depth knowledge on the characteristics and key principles in structuring key Islamic finance products, reviewing financing principles in Islamic banking perspective, how to ensure Syariah compliance in Islamic banking, and also Sukuk and Takaful structure in Indonesia. Furthermore, the participants will gain knowledge on financial risks, corporate governance, and shareholder management under Islamic banking and finance. Due to the complexity of Islamic banking regulation, legislation and taxation, it is crucial to find out the legislative framework, financial reporting and taxation for Syariah banks in Indonesia. This course will also discuss legal and Syariah issues in Sukuk and Islamic capital markets. In addition, the participants will walk-way well informed on the licensing and documentation requirements from Bank Indonesia on the operations of commercial Islamic banks in Indonesia. You will also hear from the well-established Syariah bank in Indonesia their success story in penetrating Indonesia Islamic banking market, their challenges and winning strategies. At the end of the three-day program, you will be armed with penetrating insight on business frameworks as well as legal and regulatory policies of Islamic banking in Indonesia that will further boost the resilience and success of your organizations in the Islamic financial sector. L E A R N I N G O B J E C T I V E S Examine and structuring key Islamic finance products Review financing principles in Islamic banking perspective Ensuring Syariah compliance in Islamic banking and financial Understand Sukuk - The Islamic bonds & securitization Syariah basis of Takaful Find out financial and business risks in Islamic banking Learn about corporate governance and shareholder management under Islamic finance Recognize the main legislative framework for Islamic banking in Indonesia Salient features of Bank Indonesia regulations on the operations of commercial Islamic banks Understand financial reporting and taxation for Islamic banking Find out legal and Syariah issues in Sukuk and Islamic capital markets Case study: Success story of one of the well-established Syariah bank in penetrating Indonesia Islamic banking industry 5

Program Details P R O G R A M I N T R O D U C T I O N As one of the world s most populous Muslim Nation, Indonesia s Islamic banking industry has been growing at a rapid rate with a robust performance of banking indicators. Syariah banking in Indonesia hits significant growth of 40% on the assets compared to other competing countries within the last five years. Today, Indonesia ranks only behind Iran, Malaysia and Saudi Arabia in terms of Syariah compliance. There are some engines of growth which trigger the development of such industries in Indonesia especially the big Moslem population and support from government, banking regulators, parliament, and Islamic scholars. With the global financial crisis raising doubts over the world s conventional financial system, the banking industry in Indonesia stands to benefit from the global downturn and expects to continue rapid growth in the coming years. The financial crisis is having no negative impact on the development of Islamic banking in the country. So far, Islamic banks have not showed any weakening of their performance and it is expected that both assets and lending would grow at a CAGR of over 50% between 2009 and 2013. This optimistic view is based on its very nature (avoid involvement of interest rates), extremely low penetration and a healthy growth in lending over the past two years. However, in order to sustain growth over the long term, there is a need to put in place prudent legal and regulatory policies together with sound and efficient business frameworks that will further boost the resilience and success of the Islamic financial sector. Designed for Banking and Finance professionals, this intensive executive program will provide you with avant-garde insights on Islamic banking and finance industry in Indonesia. Equip yourself with comprehensive guidance on fundamental, legislative and taxation framework of Islamic banking business in Indonesia. This intensive three-day program will provide participants with in-depth knowledge on the characteristics and key principles in structuring key Islamic finance products, reviewing financing principles in Islamic banking perspective, and how to ensure Syariah compliance in Islamic banking. As interest is not permissible in Islam, Sukuk securities and Takaful are introduced to comply with the Islamic law and its investment principles. You will hear from our expert on Sukuk and Takaful structure in Indonesia. In addition, the participants will gain knowledge on financial risks, corporate governance, and shareholder management under Islamic banking and finance. Due to the complexity of Islamic banking regulation, legislation and taxation, it is crucial to find out the legislative framework, financial reporting and taxation for Syariah banks in Indonesia. This course will also discuss legal and Syariah issues in Sukuk and Islamic capital markets. Furthermore, the participants will walk-way well informed on the licensing and documentation requirements from Bank Indonesia on the operations of commercial Islamic banks in Indonesia. In addition, Hear from the well-established Syariah bank in Indonesia their success story in penetrating Indonesia Islamic banking market, their challenges and winning strategies. With interactive discussions amongst Industry experts, this program will maximize the benefits of all delegate s experience in a supportive atmosphere. Led by Leading Practitioners in Islamic Banking and Finance in Indonesia, you will be armed with penetrating insight on business frameworks as well as legal and regulatory policies of Islamic banking in Indonesia that will further boost W H O W I L L B E N E F I T M O S T This executive program is designed for all Managers, Directors, and Heads dealing with Asset Management, Fund Management, Islamic Banking / Finance, Investment Banking, Portfolio Management, Private Banking, Product Management, Private Equity, Retail and Commercial Banking, Risk Management, Structured Finance, Trade Finance, Takaful/Insurance, Venture Capital, and Wealth Management. This program is also applicable to Regulators, Head of Governmental Departments, Financial Planner/Wealth Advisors, Financial Consultants, and Legal Practitioners. 6

Program Outline & Agenda DAY ONE - MORNING A PRACTICAL INTRODUCTION TO INDONESIA ISLAMIC BANKING Why Islamic banking? Development of Indonesia Islamic finance industry Key principles, players, and markets Key differences to conventional banking EXAMINING AND STRUCTURING KEY ISLAMIC FINANCE PRODUCTS Characteristics of Islamic products: Murabahah, Ijarah, Salam, Istisnah, Wakalah, Mudarabah, and Musharakah What are the main differences to conventional products? Key principles of structuring Islamic finance products Other commonly used structures and their variations DAY ONE - AFTERNOON REVIEWING FINANCING PRINCIPLES IN ISLAMIC BANKING PERSPECTIVE Difference between sale and interest The interpretation of riba as interest Rationale for the prohibition of riba Objection to Fixed Return on financial capital Profit and loss sharing principle Sale-based principle Justification for return on financing ENSURING SYARIAH COMPLIANCE IN ISLAMIC BANKING AND FINANCIAL Syariah Law and Islamic Jurisprudence in Indonesia Types of Syariah compliant funds Commodities Equity funds Murabahah Ijarah Investing under Islamic law Investment restrictions The role of Advisory council DAY TWO - MORNING UNDERSTANDING SUKUK - ISLAMIC BONDS & SECURITIZATION Definition and core concepts of Sukuk The growth of sukuk market in Indonesia Asset based and asset backed Islamic securitization Analysis of sukuk structures Syariah parameters of sukuk Issues and challenges in structuring Sukuk THE SHARIAH BASIS OF TAKAFUL Basic principles of Takaful Types of Takaful products How does Takaful work Nominations in Takaful from Syariah perspective Syariah issues in Takaful and ways to overcome 7

Program Outline & Agenda 2013 CLARIDEN GLOBAL EXECUTIVE EDUCATION DAY TWO - AFTERNOON FINANCIAL AND BUSINESS RISKS IN ISLAMIC BANKING Assessing key liquidity and treasury risks for Islamic banks and how to mitigate them Funding and treasury management Depositor protection and deposit income Equity versus debt concept Types of capital in an Islamic institution and capital adequacy Evaluating asset quality Ratios to measure overall performance CORPORATE GOVERNANCE AND SHAREHOLDER MANAGEMENT UNDER ISLAMIC BANKING AND FINANCE Overview and importance of corporate governance Alignment with other corporate governance codes Key principles of corporate governance in Islamic banking and finance Standard and requirements in compliance with Syariah law Shareholder rules in Indonesia Islamic banking Foreign shareholder limit DAY THREE - MORNING THE MAIN LEGISLATIVE FRAMEWORK FOR ISLAMIC BANKING IN INDONESIA Latest update on the Syariah banking law Regulations and procedures to establish Syariah banks Establishing Syariah Business Unit Activities of commercial Shariah banks Prohibitions in Sariah Business Units LEGAL AND SHARIAH ISSUES IN SUKUK AND ISLAMIC CAPITAL MARKETS Essential Syariah contracts for Islamic capital market activities Regulatory framework and legal guidelines for sukuk issuances Legal documents and crucial legal issues surrounding sukuk and islamic capital markets Overcoming major challenges facing legal and documentary parameters of Islamic finance Case study on recent sukuk deals DAY THREE - AFTERNOON CASE STUDY: SUCCESS STORY OF BANK CIMB NIAGA IN PENETRATING INDONESIA ISLAMIC BANK- ING INDUSTRY - CHALLENGES & STRATEGIES FINANCIAL REPORTING AND TAXATION FOR ISLAMIC FINANCE AND BANKING Tax considerations of Islamic financing transactions Tax incentives provided to encourage Islamic financing activities Key financing reporting differences between Islamic and conventional finance Understanding objectives of financial reporting for Islamic financial institutions Assessing the impact of Syariah on financial reporting Issues surrounding recognition, measurement, and disclosure concepts for Islamic banks and financial institutions 8

I N D O N E S I A I S L A M I C B A N K I N G & F I N A N C I N G S E M I N A R - G E A R I N G T O WA R D S T H E N E W D Y N A M I C S O F G L O B A L B A N K I N G A N D F I N A N C E 29 April 1 May 2013 Hotel Mulia Jakarta REGISTRATION PAGE C L A R I D E N Knowledge for the world business leaders Booking Contact (Approving Manager) Mr/Mrs/Ms: Job Title: Department: Telephone: Fax: Email: Organisation: Address: Postal Code: I would like to receive more information on hotel accomendation using Clariden Global coporate rate. Please Register the following participant(s) for this Program: 1st Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: 2nd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: 3rd Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: 4th Participant Name (Mr/Mrs/Ms): Job Title: Department: Telephone: Fax: Email: Date of Birth: PROGRAM FEES 1ST EARLY BIRD FEE: US$2,650 (Registration and payment must be received by 4 March 2013) 2ND EARLY BIRD FEE: US$2,850 (Registration and payment must be received by 1 April 2013) REGULAR FEE: US$2,950 GROUP DISCOUNT: For 2 registrations from the same company and billing source, the 2nd participant enjoys a 10% discount. For registrations of 3 from the same company and billing source, the 4th participant receives a complimentary seat. One discount scheme applies per company. Important Notice: Payments are required with registration and must be received prior to the Course to guarantee your place. PAYMENT METHODS BY CHEQUE / BANK DRAFT : Made payable to Clariden Global Pte Ltd and mail to: 3 International Business Park, #04-31, Nordic European Centre, Singapore 6027. BY TELEGRAPHIC TRANSFER TO: Bank Name: DBS BANK Bank Branch Code: 027 Bank Address: 6 Shenton Way, DBS Building, Singapore 068809 Bank Account No: 027-903583-8 Bank Account name: Clariden Global Pte Ltd Bank SWIFT Code: DBSSSGSG Please note that all bank charges are to be borne by participants. Please ensure Clariden Global receives the full invoiced amount. Note: Please include invoice number on all payment types and your company s name in your payment instructions for our reference. CREDIT CARD: To make payment by credit card, please call our client services hotline at +65 68 5030. 4 WAYS TO REGISTER Email: admissions@claridenglobal.com Fax: +65 6567 4328 Call: +65 68 5030 Website: www.claridenglobal.com DATE AND LOCATION This executive program will be held at: Hotel Mulia Jakarta 29 April 1 May 2013 Jl. Asia Afrika Senayan. Jakarta 10270, Indonesia Tel : +62 21 574 7777 Fax : +62 21 574 7888 Website : http://hotelmulia.com Email : info@hotelmulia.com The fee for this three-day executive program includes all written materials, lunch and refreshments. HOW TO REGISTER AND PAY An invoice and registration confirmation will be sent within 7 days, please contact us if you have not heard from us within 7 days. Payment can be made by credit card, by bank transfer or by cheque made payable to Clariden Global Pte Ltd. ALL PAYMENTS MUST BE RECEIVED IN ADVANCE OF THE EVENT. ACCOMMODATION Accommodation is not included in the program fee but you will be entitled to use our corporate rate for your accommodation. Information will be sent along with your registration confirmation. SPONSORSHIP INTERESTED IN PROMOTING YOUR ORGANIZATION TO OUR PARTICIPANTS For more information on sponsorship, tabletop displays & insert opportunities, please contact us at 68 5030. CANCELLATIONS AND SUBSITUTIONS Once we have received your booking, the place(s) are confirmed. No refunds will be made for any cancellations, however, program credits of equivalent value only applicable for Clariden Global events will be provided. Credits can only be redeemed for 1 program and is valid for only one (1) year from date of issue. Substitution with a qualified candidate is allowed by providing at least 5 working days of advance notice to Clariden Global. One time substitution is allowed with no charges. Subsequent substitutions will be charged 10% admin fee. ALL CANCELLATIONS MUST BE RECEIVED IN WRITTEN FORM PLEASE NOTE: Clariden Global Pte Ltd reserves the right to change the content and timing of the programme, the speakers and the date and venue due to reasons beyond their control. If in the unlikely event that the course is cancelled, Clariden Global Pte Ltd will refund the full amount and disclaim any further liability. ENQUIRIES: If you have any queries about registration or payment please do not hesitate to contact our client services department on +65 68 5030. PRIVATE DISCLOSURE STATEMENT: Any information provided by you in relation to this event is being collected by Clariden Global Pte Ltd and will be held in the strictest confidence. It will be added to our database for the primary purpose of providing you with information about future events and services. Visit us at www.claridenglobal.com for upcoming events FOR OFFICIAL USE FEE RECEIVED REFERENCE L3021/LC/JT