Islamic Finance Management
INTRODUCTION
Islamic finance refers to how businesses and individuals raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. Islamic finance can be seen as a unique form of socially responsible investment.
This course provides participants with a thorough grounding in Islamic finance. The course covers the principles behind Islamic finance and the relationship between Islamic and conventional financing.
During the Islamic Finance Management training course, participants will explore recent history and trends in Islamic finance. Course participants is also provided with the opportunity to learn how to structure cash flows for Islamic finance.
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 course, is Ideal for:
Directors
Managers
Operations staff
Marketing persons
Shari'ah scholars
Auditors
COURSE OUTLINE
Day 1
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
Day 2
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
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Day 3
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
Day 4
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
Day 5
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)
Day 6
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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
Day 7
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
Day 8
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
Day 9
Understanding financial risk management
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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
Day 10
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
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
LONDON
Oxford Street Offices: London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office: 47 49 Park Royal Road London NW10 7LQ +44 (0) 20 80 900 464
info@lpcentre.com
DUBAI
Business Bay - Marasi Drive Churchill Tower commercial1, Office 107 +971 4 421 4616
dubai.training@lpcentre.com
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
+60 19-305 5694
www.lpcentre.com
www.lpcentre.com