Introduction to Islamic Banking & Finance

5 Found
27-31 Mar 20235 Days London - UKUS$4,450
26-30 Jun 20235 Days New York - USAUS$5,450
25-29 Sep 20235 Days Sharm El Sheikh - EgyptUS$3,450
25-29 Dec 20235 Days Dubai - UAEUS$3,450

Course Overview

This course provides a comprehensive and practical introduction to the Islamic Financial Services industry and products with a focus on Islamic Banking. It will enable participants to fully understand the similarities and differences between conventional and Islamic finance.

It covers the essentials of Islamic Finance. Starting with first principles it covers the ethical and moral basis of Islamic Finance and the importance of sharia compliance. It covers the principles, rules and prohibitions and the foundations of Islamic commercial law which govern Islamic Finance contracts which underpin all Islamic Finance products. We then see how Islamic Finance is applied in banking, asset management, fixed income and insurance. This course offers a first introduction to Islamic Finance and comes with an assessment to set a minimum benchmark for all participants to achieve.

Course Objectives

  • Gain a comprehensive understanding of the legal, structural and ethical basis of Islamic banking and finance and how it differs from conventional finance.
  • Develop an appropriate level of understanding of the main principles, rules and prohibitions of Islamic banking and finance.
  • Acquire essential knowledge about the key Islamic financial contracts and how they are applied in Banking, Sukuk, Takaful and Asset Management.
  • Expose the participants to a wide range of Islamic banking and finance products and instruments available to the industry players.
  • Provide an understanding of the primary tools for structuring Islamic financial transactions.
  • Be familiarized with the Islamic financial infrastructure, international financial institutions and regulatory bodies.
  • Understand the need for Islamic accounting standards and the importance of Islamic corporate governance.

After the training course, you will learn to:

  • Understand the concept of Islamic Finance from a holistic perspective.
  • Differentiate between Islamic and Conventional Banking.
  • Master Islamic Finance products and contracts.
  • Acquire knowledge on Islamic Bonds & Takaful.
  • Acquire the fundamentals of Islamic Investing.

Target Audience

This course is suitable to a wide range of working professionals but will greatly benefit:

  • Islamic Banking Staff
  • Takaful Staff
  • Islamic Capital Markets Staff including Sukuk and Islamic Asset Managers
  • Conventional Bankers
  • Investment and Wealth Management Professionals
  • Relationship Managers
  • Lawyers and accountants dealing with Islamic banks and financial institutions
  • Other professionals with exposure to the Islamic finance industry
  • Students & university graduates
  • Anyone with an interest in or looking for a career in Islamic Finance.

Training Methodology

We promote an active and participative style of learning – encouraging discussion and questions allows for more effective learning, retention and application of knowledge.

  • Colourful and visually rich slides to stimulate learning.
  • Case studies and examples to aid understanding and facilitate the application of key learning objectives.
  • Test your knowledge quizzes.
  • End of course assessment.

Course Outline

Day One

The Islamic Finance Industry

  • Industry Overview
  • History and Development
  • Fundamentals of Islam – Why Islamic Finance is important
  • Sharia Supervisory Board
  • AAOIFI and the IFSB
  • Other Key Institutions

Islamic Finance Contracts

  • Definition and Features of Contracts
  • Use of Promises (Wadd)
  • Partnership/Equity Based Contracts
    • Mudaraba (Managed)
    • Musharaka (Joint Venture)
  • Lease Based Contracts
    • Ijara (Operating Lease)
    • Ijara Muntahia Bitamleek (Financing Lease)
  • Sale/(Debt) Based Contracts
    • Murabaha (Cost-Plus or Mark-up Sale)
    • Salam (Forward Sale)
    • Istisn’a (Manufacturing Contract)
  • Supporting Contracts
Day Two

Islamic Banking

  • Difference between Conventional and Islamic Banking
  • Deposit Accounts – Current, Savings and Investment Accounts
  • Personal Finance
  • Vehicle Finance
  • Credit Cards
  • Mortgages – Property Financing
  • Working Capital Finance

Islamic Bonds - Sukuk

  • Definition and Characteristics of Sukuk
  • Difference between Conventional Bonds and Sukuk
  • Basic Sukuk Issuance Process
  • The Main Types of Sukuk
Day Three

Islamic Asset Management

  • Fundamentals of Islamic Investing
  • Sharia Screening Process
  • Asset Classes – Equity, Sukuk, Property and Cash
  • Types of Funds

Sukuk Market

  • Definition, Management and Characteristics of Sukuk
  • Structuring Sukuk Transactions
  • The Different Types of Sukuk
  • The Main Types of Sukuk
  • Sukuk Rule Changes 2008
  • Capital Market Considerations Relating to Sukuk
Day Four

Islamic Insurance – Takaful

  • Types of Takaful Undertaking
  • Structure of Takaful Undertakings
  • Underwriting Surplus and Technical Provisions
  • Insurance Industry Considerations
  • Reinsurance and Retakaful
  • Sharia’a Governance and Compliance
Day Five

Islamic Corporate Governance

  • Cororate Governance
  • Corporate Governance in Financial Institutions
  • Sharia’a Supervisory Board
  • Internal Sharia’a Audit
  • Governance Standards
  • Sharia’a Compliance and Investment Account Holders
  • Corporate Governance Implications for Islamic Insurance (Takaful)


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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