* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
This course introduces and explains the basic pillars of Shari’ah Law as applied to finance, explores its various interpretations and highlights the best practice. The course discusses the functions of the Islamic financial System including their products and services such as Murabaha, Mudarabah, Musharakah, Bai Salam, Istisna, and Ijarah. Together with your colleagues, you will understand the development of instruments originating in Islamic capital markets such as equity funds, securitization (sukuks), hedge funds, and real estate funds. Understand how Islamic investment and commercial banks function, Islamic insurance Islamic Commercial law, financial risk and how it is managed by Islamic Financial Institutions.
What Do Participants Learn?
Understand how the Islamic economic and financial systems function.
Understand the basic prohibitions and allowances under Shari’ah Law.
Know the different types of Islamic financial institutions.
Discover the major financial market instruments used by Islamic institutions.
Identify risks in the Islamic financial system and ways to manage them.
Understand Islamic insurance and real estate finance.
Who Should Attend?
Financial officers and planners
Anyone interested and wanted to develop his performance in finance
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section One: Background
Shari’ah Law and Riba.
Islamic Economic system.
Islamic Financial system.
Section Two: Prohibitions and allowances in Islam
Debt and generous giving.
Gambling and games of chance.
Sharing risk and return.
Section Three: Some aspects of Islamic Commercial Law
The penalty for default.
Bankruptcy / insolvency.
Section Four: Financial institutions
Types of accounts.
Consumer and business loans.
Credit and debit cards.
Roles and responsibilities of the Shari’ah board.
Section Five: Financial instruments & contracts
Murabaha (mua’jjal, commodity, shares).
Ijarah (asset-backed financing).
Musharakah (P & L sharing).
Diminishing musharakah (fixed asset and trade financing).