INTRODUCTION

Participants have a solid foundation in Islamic finance from this course. The fundamentals of Islamic finance and its relationship to conventional money are covered throughout the course. Participants in the course will examine contemporary Islamic financial history and trends. Additionally, participants in the course have the chance to learn how to organize cash flows for Islamic finance..

COURSE OBJECTIVES

At the end of course participants should be able to:

• Knowledge of the fundamental ideas underlying Islamic banking and finance
• Innovations in Islamic finance, banking, and economics.
• Listing a variety of frequently utilized Islamic financial services and products.
• Considering the characteristics of Islamic finance, its application, and how it differs from conventional finance
• Raising public understanding of the tenets, trends, and financial advantages of Islamic portfolios.
• Analyze the main distinctions between the Islamic and mainstream securities markets.
• Investigate various risk management strategies and tools from an Islamic perspective.
• Describe the differences between Takaful and traditional insurance.
• Exhibit real-world ethical competence in Islamic corporate governance.
• Examine the distinctions between conventional accounting and Islamic accounting..

DURATION

10 Days

WHO SHOULD ATTEND

The course targets:

• Directors
• Managers
• Operations staff
• Marketing persons
• Shari'ah scholars
• Auditors

 COURSE CONTENT

Module 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

Module 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

 Module 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

Module 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

Module 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)

 Module 6

• 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

Module 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

Module 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

 Module 9

• Understanding financial risk management

• 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

 Module 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

GENERAL NOTES

• Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course.
• The participants receive training manuals and supplementary reading materials.
• Participants who complete this course successfully will receive a certificate.
• We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at training@dealsontrainers.org.
• The training will take place at DEALSON TRAINERS IN NAIROBI, KENYA in Nairobi, Kenya.
• The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
• Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to training@dealsontrainers.org