Islamic Finance Management Course
Accounting, Finance and Budgeting Training

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Islamic Finance Management Course
Course Overview:
The Islamic Finance Management training course aims to equip participants with the core Islamic banking and finance concepts, practices, and legal frameworks relevant to Islamic finance.
Shariah-structured transactions, asset classes such as Murabaha, Ijara, and Mudaraba, risk management concepts, and the Islamic finance vs. conventional finance concepts are some of the broad topics covered in the course's curriculum.
The course objectives also cover Takaful (Islamic insurance), financial risk assessment techniques, and ethical practices in the Islamic perspective of corporate management. The course also covers bodies such as the AAOIFI and IFSB who have overlapping interests and looks at prospects in Islamic finance such as restrictions on the use of derivatives.
This course is targeted at the relevant professionals in managerial, director level or Shari'ah scholar positions to enhance their knowledge on Islamic financial products, services and risk management.
Course Objectives:
At the end of the Islamic Finance Management training course participants should be able to:
- Understanding of the main principles of Islamic banking and finance
- Developments of Islamic Economics, Banking and Finance.
- Identifying a range of commonly used Islamic Financial products and services
- Considering the nature and scope of Islamic finance and its relationship with conventional finance
- Creating awareness of the principles, trends and economic benefits of Islamic portfolios.
- Critically evaluate the key differences between the Islamic and conventional securities market
- Examine various risk management tools and techniques from an Islamic point of view.
- Differentiate between conventional insurance and Takaful
- Demonstrate practical skills of ethics for Islamic corporate governance.
- Compare and contrast differences between Islamic accounting and conventional accounting.
Who Should Attend?
Islamic Finance Management Training course, is Ideal for:
- Directors
- Managers
- Operations staff
- Marketing persons
- Shari'ah scholars
- Auditors
Course Outlines:
An introduction to Islamic financial markets
- Provision of sharia’a compliant financial services.
- Defining the Islamic financial market
- The rationale for growth in sharia’a compliant financial services
- Islamic finance:
- Gharar and maysir (uncertainty and speculation) in Islamic finance
- understanding the core principles of Islamic investment and finance
Rules that recur in structuring for Islamic finance.
- Islamic law
- Understanding the role and importance of the sharia’a
- Islamic vs. conventional finance
- Prohibitions under Islamic law
- Process of structuring a sharia’a compliant product
- Understanding Islamic finance guidelines
Understanding Islamic finance asset classes
- Murabaha contracts (sales)
- Defining murabaha contracts
- Murabaha on credit – deferred payment
- Late payment treatment
- Murabaha syndicate trade mechanics
- Revolving murabaha
Islamic finance products
- Letters of credit and guarantees in Islamic finance
- sharia ’a perspective
- Role of wakala and kafala in developing the structure
- Islamic credit cards
- Rules governing sharia’a compliance for credit card finance
- Credit card features and sharia’a hotspots
Islamic finance asset classes
- Ijara (leasing) in Islamic finance
- Jara muntahia bi tamleek
- salam (forward sales) in Islamic finance
- Defining the forward contract
- Parallel salam
- istisna (construction or manufacturing)
Defining the istisna contract
- Parallel istisna
- AAOIFI and IFSB standards
- Applications in the modern world
- organizational structures for Islamic finance
- Profit and loss sharing contracts in Islamic finance: musharaka and mudaraba
- Broad Islamic rules for profit sharing
Musharaka (partnership),Mudaraba (silent partnership)&Wakalah (agency)
- musharaka and mudaraba
- Key ideas behind Sharia’a compliant business organisation
- Applications and considerations for wealth management and private banking
- Understanding the application of core Islamic finance principles
- Screening issues
- Considerations for the investment manager working in Islamic finance
Providing clients with sharia’a compliant financial products
- Islamic finance & advisory services
- Islamic finance fund management challenges
- Stock market funds
- Islamic hedge funds
- Islamic finance capital markets
- Structure of Islamic finance capital markets
Understanding financial risk management
- Limitations on derivatives in sharia’a and Islamic finance
- Risk and sharia’a compliance
- Managing profit, yield, market and foreign exchange risks in Islamic finance
- Islamic finance: regulatory and capital issues
- Main regulatory bodies for Islamic finance
Key regulatory bodies and the international financial system
- Regulatory challenges for Islamic financial institutions
- Profit sharing deposits – equity, debt or quasi-equity
- Displacing commercial risk
- Understanding instrument risk in Islamic finance
see more: Loan and Transaction Structuring Masterclass Course