Amirali Nasir solicitor admitted in Hong Kong and England and Wales, founder of NASIRS® (formerly AB NASIR & CO.®). Accredited mediator by CEDR, HKIAC and HKMAAL. Chairman of Islamic Finance Committee for the Law Society of Hong Kong. Participant and speaker at local and international conferences on Islamic Finance and Takaful (London, Singapore, Malaysia, Iran, Brunei and Dubai), past lecturer on the Certificate in Islamic Finance and the Advance Certificate in Islamic Finance provided by HKU SPACE. Participant in conferences on corporate governance in Hong Kong ["Ethics - The Core Value of Leadership" and "Corporate Governance in the Financial Sector" arranged by the ICAC] and international conferences on Corporate Governance. Speaker at the Global Young Leaders Programme organized by the Global Institute For Tomorrow (GIFT).
Amirali represented NASIRS® and The Law Society of Hong Kong on 18 March 2013 at the Bills Committee meeting at the Legislative Council on the proposed amendments to the Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Bill 2012.
Amirali actively promotes continuous education, equal opportunity, racial harmony, corporate governance and ethical values for lawyers, accountants and corporations, and advocates a green attitude for a clean blue green planet.
Islamic Finance (investment) is suitable for Muslims, as well as anyone seeking alternative investments or socially responsible investments.
This seminar focus on the basic Islamic Finance principles, Islamic contracts and products in general, and more specifically Islamic contracts specified in the amendments to the Inland Revenue Ordinance (Cap. 112) and the Stamp Duty Ordinance (Cap. 117).
The amendments to Cap. 112 and Cap. 117 will be looked at in light of these Islamic Contracts and the individual structures.
Introduction and background of Islamic finance
Basic Islamic etiquette and the origin of Islam
The Shari'ah principles (law of Islam) and its regards to business
Halal (permissible under Islamic law) acts
Harām (unlawful/forbidden under Islamic law) acts
Risk management in business/prohibited transactions
Concept of Fiqh al-Muamalat (Islamic rules on transactions) and its comparison with conventional finance - money, loan, interest etc.
Features of Sukuk (Islamic financial certificate, commonly equivalent to bonds) and its recognition in Hong Kong
Recent amendments to the laws of Hong Kong in regards to Islamic finance
Inland Revenue Ordinance (Cap.112)
Stamp Duty Ordinance (Cap.117)
Alternative bond scheme (bond arrangement and investment arrangement)
Specified alternative bond scheme (debt arrangement)
Special tax treatment on stamp duty and income/profit
Comparison and documentation on Islamic financial contracts