Islamic Finance Management
Schedule & Fees
Start Date:
21 Oct 2024
End Date:
01 Nov 2024
Venue:
Cordoba
Fees:
9400€
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Islamic Finance Management Course
Introduction:
Islamic finance involves the practice of raising capital and making investments in compliance with Sharia, the Islamic law. It encompasses various financial activities that adhere to the principles outlined in Islamic teachings. Islamic finance can be regarded as a distinctive form of socially responsible investment.
This course offers participants a comprehensive understanding of Islamic finance. It delves into the fundamental principles underpinning Islamic finance and explores the relationship between Islamic and conventional financing methods.
In the Islamic Finance Management training course, participants will examine the recent history and emerging trends in Islamic finance. Moreover, the course provides participants with practical knowledge on structuring cash flows tailored for Islamic finance.
By the end of the course, participants will have gained a solid foundation in Islamic finance, enabling them to navigate the unique aspects and considerations associated with this specialized field.
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