Islamic Banking - Functions and Governance Course
Accounting, Finance and Budgeting Training

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Islamic Banking - Functions and Governance Course
Course Overview:
The course ‘Islamic Banking – Functions and Governance’ engages the participants with the history, products, governance and regulatory systems of Islamic banks.
By the end of the course, learners will cumulatively appreciate the origin and growth of Islamic banking as an institution, its foundational theories, and the law’s implementation aspects under the Shariah supervision.
Over the course, issues such as the roles of Islamic banks, the types of products and plantations offered by such institutions including deposits, trade and corporate lending, treasury, and charities (Zakat) and Qard will also be addressed.
Participants will also learn about the governance framework, basic compliance such as the capital and risk management level, as well as the shari’ah supervisory boards’ duties.
The course is appropriate for practicing Islamic finance, representatives of companies or banks issuing Sukuk, investors willing to learn about principles and governance of Islamic finance in modern time.
Course Objectives:
By attending this Islamic Banking – Functions and Governance Course, you will be able to:
- Gain an understanding of the operations of Islamic banks
- Learn about the historical development of Islamic banking
- Understand the theoretical foundations of the institutionalization of Islamic finance
- Get to grips with the functions, products services and social utility linked with Islamic finance
- Gain an appreciation of governance and regulation
- Learn about the Shariah oversight and the supervisory boards
- Explore the reputation management of the functions and governance within Islamic banks
Who Should Attend?
This Islamic Banking – Functions and Governance Course is Ideal for:
- Those who wish to understand the main Islamic principles and concepts which relate to Islamic Banking and finance.
- Islamic Finance professionals
- Corporates and banks issuing Sukuk
- Islamic investors in Sukuk
Course Outlines:
Islamic Banks in the Context
- The theoretical foundation of the institutionalization of Islamic finance
- The historical development of Islamic banking
- The core objectives of Islamic banking
- The conceptual difficulty of banking without riba
- Business models – the bank model versus the non-bank model
- Business lines – retail banks versus wholesale/investment banks
- Surviving in a non-Islamic environment
- The attitude of regulators – Muslim and non-Muslim
- Competing alongside conventional banks
- Liquidity management issues
Functions
Products and Services
- Deposits
- Trade finance
- Corporate finance
- Agriculture
- Consumer
- Treasury
Balance Sheet
- Asset side
- Liability side
- Accounting peculiarities
Social Utility
- Economic distinction?
- Qard (interest-free loan)
- Charity
- Zakat (religious tax)
Governance
Regulation
- Capital adequacy
- Risk management
- Reporting & Disclosure
- Central bank support
Shariah Oversight
- Shariah supervisory boards, their role and purpose
- Shariah compliance departments and advisers
- Shariah auditors
- The view of English law on Shariah
- Reputation Management
- Case study – Islamic Bank
- Conclusion
see more: Islamic Treasury and Risk Management Products Course