Islamic Banking - Functions and Governance
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Islamic Banking - Functions and Governance Course
Introduction:
Islamic finance and banking represent a financial system that operates in accordance with Islamic law, also known as Sharia. This system adheres to principles that are consistent with Sharia, making it Sharia-compliant. Similar to conventional financial systems, Islamic finance encompasses banks, capital markets, fund managers, investment firms, and insurance companies. However, these entities are subject to both Islamic law and the regulatory frameworks that govern their conventional counterparts.
To address the increasing demand for capacity building in the Islamic Banking and Finance industry, the premier center in London offers a short training program designed specifically for professionals in the banking and finance sector.
This training program aims to contribute to the development of institutional capacity within various segments of Islamic finance. By offering comprehensive training, it seeks to support the further growth of Islamic finance and enhance the knowledge and skills of participants and institutions in their respective areas of focus. The program focuses on deepening participants' understanding of Islamic finance principles and practices, enabling them to effectively navigate this specialized field.
Through this training program, participants will gain valuable insights and practical knowledge, equipping them to excel in their roles within the Islamic finance industry. The program's emphasis on capacity building ensures that participants can contribute to the growth and development of Islamic finance, fostering its continued success in the global financial landscape.
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 and 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 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