Archive for June, 2010

h1

Time for TD-LTE……

June 29, 2010

Ever since the International Telecommunication Union created its IMT-2000 family of 3G technologies ten years ago, 3G has come in two basic forms: FDD and TDD. FDD offered separate spectrum bands for uplink and downlink traffic, while TDD offered upstream and downstream
traffic on the same band. But while FDD-based technologies like W-CDMA and CDMA2000 dominated 3G rollouts (the former more so than the latter), TDD-based TD-CDMA
remained generally unloved except by vendor IPWireless and its small customer
base, while the other TDD option, TD-SCDMA, was China’s homegrown technology that most industry players regarded as a China-only technology with no realistic chance of ever seeing
deployment outside of China, although Taiwanese operators FarEasTone and Vibo Telecom began small-scale trials of TD-SCDMA late last year.

“People are assuming a lot of market synergies around TD-LTE that actually don’t exist,” he says. “It’s complicated, but you’ve got LTE development going on for FDD and TDD, then there’s all this band fragmentation with 4G, because you’ve got 2.6 GHz, refarming in the 3G bands plus backward compatibility, and digital dividend spectrum coming up,” he says. “And in some markets like the US, you’ll need multi-mode support for EV-DO in all that, and in China, TDLTE
chips will be TD-LTE/TD-SCDMA chips. Software-defined radios help and bigger RF front ends help, but you’ll still see a lot of fragmentation that applies to TD-LTE.” l

– Quotation from Phillip Solis , practice director at ABI Research…2010.

I like to conclude that regarding the evolution of LTE , we in Malaysia is moving towards 3G network to LTE , LTE-Advance and TD-LTE in the next 3 to 4 years…Telecommunication operators such as Digi , Maxis , Celcom and U-Mobile had sign an agreement with the Malaysian Goverment to provide these services….Hope that we are going to see the 2.6GHz band spectrum in next few years…till then….bye…

By : Khairul Azrin B. Azman.

h1

4th International Islamic Capital Market Forum …..

June 7, 2010

Introduction

The Securities Commission Malaysia will host the 4th International Islamic Capital Market Forum (IICMF) in Kuala Lumpur on 1 July 2010 themed “Sukuk: Transferring the Best Practices.”

The lustre of sukuk appeared after 2002 and was at its brightest in 2007 when global sukuk issuance totalled US$47 billion. Sukuk was then perceived as the only gem in Islamic finance.

Global sukuk issuance has risen from about US$15 billion to around US$23 billion in 2009. Asia has been a major contributor to the revival and the recovery has also attracted new and non-traditional Islamic jurisdictions.

Following the 2008 financial turmoil, the resultant high-profile sukuk defaults were timely wake-up call for the industry.

There is enormous potential for the global sukuk market to resume its growth after the financial crisis. Find out the strategies for raising capital in the next expansion phase of sukuk.

Examine how to strike a balance between meeting Shariah requirements and reconciling issues related to accounting, taxation, regulatory, legislations and ratings.

Look into the imperative features of an enhanced Shariah governance framework for new jurisdictions that are opening their markets to Islamic finance.

Assess some workable solutions towards improving the Islamic finance framework to ensure that the Islamic finance industry would continue to grow healthily and withstand any shocks in the global financial market.

Gain more knowledge about the high-profile sukuk defaults and the unique characteristics of the defaults in the US, Dubai and Malaysia.

Find out what is the ideal portfolio mix for Islamic financial institutions.

Programme

Keynote Address

Part 1: Sukuk Framework

Regulatory Framework – Meeting Cross-border Needs

  • Striking a balance between Shariah requirements and issues related to accounting, taxation, regulatory, legislations and ratings.
  • Nourishing investors’ need for greater transparency and governance.
  • Enhancing key processes as well as risk management in Islamic finance to ensure that the industry continues its unabated growth and withstands shocks in the global financial market

Working Towards an Accommodative Legal Framework

  • Recent legal judgments on transactions involving Islamic finance structures have created consternation over the future and sustainability of the industry.
  • Applications of Shariah that lacked legal clarity have resulted in disputes in Islamic transactions.
  • The feasibility of engaging Shariah scholars to act as advisers in legal disputes involving Islamic structures.

Islamic Accounting Standards – Convergence, Harmonisation or Exclusivity

  • The International Accounting Standards Board issues the International Financial Reporting Standards (IFRS) for global users but such standards do not cater specifically for the reporting of Islamic finance transactions.
  • The treatment of Islamic finance structures within the IFRS framework.
  • Malaysian Accounting Standards Board (MASB)’s approach in accommodating Islamic finance.

Strengthening the Shariah Governance Framework

  • Various approaches in Shariah governance taken by different countries.
  • Lessons learnt from the global crisis and steps to strengthen Shariah governance.

Maqasid Shariah – Basis for Meeting Islamic Finance Needs

  • The eternal and unchanging aims of Islamic finance.
  • Shariah considerations in cases of daruriyyah (necessity) or hardships.
  • The broad roles and principles of Shariah affecting maqasid Shariah in Islamic finance and the need to balance hajiyyat (requirements) with daruriyyah.

Part 2: Specific Issues in Sukuk

Global Sukuk Issuance Poised for Boost from New Legislative and Regulatory Initiatives

  • Outlook for the global sukuk market
  • Emergence of new Islamic financial centres with new legislation and regulations to accommodate sukuk issuance.
  • Various regulatory undertakings in the Gulf Co-operation Council countries, Europe and Asia.

Musharakah and Mudharabah Applications – Issues in Fiqh and Legal Practice

  • Analysis of the fiqh and legal issues in musharakah and mudharabah within the scope of English law and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards.
  • Possible solutions to overcome the issues.

Diversification of Portfolio Through Sukuk

  • Reasons behind the preference of Islamic financial institutions in the Middle-East and North Africa (MENA) for investments in properties, term-financing and commodity murabahah instead of sukuk.
  • Challenge on maturity mismatches as well as a non-diversified portfolio.
  • An ideal portfolio-mix for Islamic financial institutions.

Panel Discussion

Sukuk Defaults – A Dialogue on Various Jurisdictions

  • Do sukuk defaults pose a far greater problem than bond failures?
  • Understand the unique features of the sukuk defaults in the US, Dubai and Malaysia.

Best Practices in Sukuk
This panel session will explain the different perspectives and objectives of the Shariah bodies, the standard setting bodies, lawyers and the rating agencies.

Speakers

Local and international experts in the Islamic finance industry, including regulators, legal practitioners, standard setting bodies and Shariah scholars, will share their views and experiences in sukuk and also the lessons learnt from the defaults.

Fee

  • Full price: RM750 per pax
  • Discounts:*
    • Early birds (First 50 participants)/RM500 per pax
    • Group discount (3 pax or more from the same organisation)/RM635 per pax
    • CMSRL licence holder/RM600 per pax
    • Students of public universities in Malaysia/RM150 per pax
  • * Participants are only eligible for one type of discount.

Seats

To avoid disappointment, please register early as only limited seats are available.

Mark this event in your diary now.

For further details, email us at sidc@sidc.com.my.

See you there….!

h1

Interview…Network Engineer at Ebahn Solution Sdn Bhd.

June 4, 2010

Hi again. For this month , I have good news. I have an interview with Ebahn Solution Sdn Bhd as a Network Engineer on 9 Jun , 2010. Well , for me this is a great news. I’m looking foward to attend the interview and if i got the luck , I will get the job. Network Engineer is one of the most challenging profession in IT field nowadays. I will try my best to get the job , since I had a CCNA , CCNP , CCIE and MSCA knowledge certification….

For this month , I had received my pay cheque and waiting for the cheque to float in several days. I’m going to expand my IT business this month , by doing some online marketing and doing some affliate program with several big computer companies in Malaysia. Some of my business is based on the e-commerce system , where buyers/customers  just have to order online with the internet and make payment.  My business cards in in progress , trying to design the most attractive design ever….I’m also looking forward to register my business with the Suruhanjaya Syarikat Malaysia …when I have the capital…

For all of you out there who want a IT/Computer services or consultancy , just give me a call and I can explain to you about my company’s product and services…The price is reasonable…If you want some information about it , go to this website:-

http://pcnetworkservices.i8.com

That’s all for today…Have a great weekend ahead…

Khairul Azrin B. Azman.