Introduction to Islamic Banking & Finance

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.