Fundamentals of Islamic Banking and Finance Advanced Studies & Training Centre

This is a comprehensive programme designed to give delegates an all round understanding of the issues involved in Risk management for Islamic banking.

COURSE OBJECTIVE

  • Understand the principles of Islamic finance
  • Understand Islamic banks: why, how and for what?
  • Introduce the Islamic financial products,
  • Discuss and contrast Islamic banking with conventional banking
  • Understand Islamic finance Application with samples of contracts
  • Understand the foundation of Islamic securitization
  • Look into the Islamic investment funds and their potentials

The course specifically targets:

  • Investment Bankers
  • Corporate and Commercial Bankers
  • Corporate Financiers
  • Private Bankers
  • Analysts
  • Asset managers
  • Risk Management Managers
  • Consultants
  • Lawyers
  • Investment Advisors
  • Regulators
  • Auditors and compliance professionals

COURSE OUTLINE

Day 1

  • Foundations of Islamic finance
    • Islamic Economics
    • Islamic Economic System:
    • Shari’ah and Islamic Finance
      • Objectives of Shari’ah
      • Scope of Shari’ah
  • Banking practices in the history of the Islamic society
  • Development of contemporary Islamic banks
  • Definition and nature of an Islamic bank
  • Salient features of Islamic banks:
    • Commitment to Shari’ah
    • Commitment to Moral standards in financing
    • Developmental by nature
    • Commodity/service-based financing
  • Comparison and contrast with conventional banks
  • Characteristics of Islamic banking:
    • Comprehensive/universal banking
    • Sources of funds: partners
    • Uses of funds: commodity/serve-based financing
    • Requires exception for traditional banking laws
  • Regulation of Islamic banks:
    • Supervisory authority
    • Shari’ah board (regulatory body)
  • Fiscal Policy in Islamic Framework:: Objectives, Tools
  • Monetary Policy in Islamic Framework:: Objectives, Tools.
  • Islamic re-definition of banking services:
    • Opening current accounts
    • Collecting checks and money transfers
    • Collecting notes, bills and other IOUs
    • Buying and selling stocks for customers
    • Currency exchange
    • Issuance of letters of guarantees
    • Issuance of documentary letters of credit
    • Renting deposit boxes
    • Opening investment deposits
    • Financing operations from the pool of investment funds
  • Conventional banking services not permitted in Islamic banks
    • Discounting of bonds, bills of exchange and other IOUs
    • Intermediation in buying and selling bonds
    • All operations in which interest is part

Day 2

  • Finance contracts In Islamic banks
    • For funds mobilization:
      • Musharakah
      • Mudarabah
      • Loan
    • For funds utilization
      • Sale
      • Sharing
      • Leasing
  • Islamic finance contracts
  • Principles of Financial Contracts in Shari’ah
  • Categories of Financial contracts in Shari’ah
  • Currency Transactions and Riba al Fadl
  • Earning Return by ownership, labor and guarantee
  • Islamic Financial intermediation
  • Prohibition of Riba (interest), Gharar, gambling, sale of what you don’t own, etc.
  • Comparison between Islamic financing and interest-based financing
  • Shari’ah-Named Financing Contracts
    • Musharakah:
    • Mudarabah
    • Muzara’ah
    • Deferred-payment sale
    • Salam
    • leasing
  • Characteristics of the Shari’ah-Named Financing
  • Contracts
    • Sharing contracts:
      • Fairness and balance: No Interruption of Sharing
      • Implications of Wakalah
      • Profit per agreement and losses per capital
    • Exchange Financing Contracts
      • Social and contractual justice
      • Moral boundaries
      • Level of Disclosure
    • Lease Contracts
      • Flexibility
      • Amenability to Hybrids
    • One-Side contributory Contracts:
      • Flexibility in Conditions

Day 3

  • New Approaches to Islamic financial engineering
  • New financing contracts for liquidity management
    • Tawarruq
    • Reversed Murabahah
    • International Inventory Financing
  • International reversed Murabahah
    • New financing contracts for corporations
    • Purchase/installment sale
    • BBA (Purchase/lease back)
    • BOT and output/revenue sharing
    • Inventory Murabahah financing
    • Three party Istisna’
  • New financing contracts for government
    • Output sharing and BOT
    • Constructions of Schools
    • Build/lease operations

CERTIFICATION

On completition of the course you will receive a certificate from ASTC Dubai.

Advanced Studies and Training Centre was established in the to bring together local business inpiduals with professional international trainers, with a view to facilitate learning

Keeping in mind the different cultural persity in Dubai, They offer trainings in a variety of subjects in both English and Arabic languages.

It is our mission to engage people in learning that inspires them to be involved and take action. 

Our services – from leadership coaching and development to employee motivation – reflect our belief that engaged and inspired people build success in businesses.

Advanced Studies and Training Centre creates highly structured customized learning programs that engage people, They help build success and inspire people to envision and achieve shared goals. 

Advanced Studies and Training Centre provides trainings and development programs in a variety of fields.

See all Advanced Studies & Training Centre courses

Islamic Finance Related Questions

Contact information not available.

Courses you can instantly connect with... Islamic Finance Qualification (IFQ) Nasdaq Dubai

Is this the right course for you?

Rate our content

Didn't find what you were looking for ?

or