Introduction to Islamic Finance

Course

In London

£ 797 + VAT

Description

  • Type

    Course

  • Location

    London

  • Duration

    2 Days

At the end of the course participants will be able to: Brief on international financial institutions and regulatory bodies. Provide an understanding of the primary tools for structuring Islamic financial transactions. Expose the participants to a wider range of Islamic banking and finance instruments available to the industry players. Acquire necessary. Suitable for: Individuals interested in developing basic understanding of the foundations upon which Islamic industry is built and the way it operates in practice

Facilities

Location

Start date

London
See map
Various Global Locations, E14 5LQ

Start date

On request

About this course

None

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Subjects

  • Finance

Course programme

In addition to your class tuition and study materials, you will receive the following:


Complimentary e-learning module
Case Study
  • Case Study

Exercises
  • Course Exercises

Other Extras
  • Certificate of attendance

Level: Introductory


Synopsis:
Many experts are estimating the growth of the Islamic Finance industry at more than 20% per annum, with some predicting that in the future, the Islamic Finance industry could become a major competitor to the conventional finance industry. With Islamic Finance something of a hot topic at the moment, the SII have introduced a new Islamic Finance Qualification, developed in conjunction with Ecole Superieure des Affaires in Beirut. The ground-breaking qualification is designed to equip candidates with a practical understanding of the influence of Sharia's in a business context.


At the end of the course participants will be able to: Brief on international financial institutions and regulatory bodies . Provide an understanding of the primary tools for structuring Islamic financial transactions . Expose the participants to a wider range of Islamic banking and finance instruments available to the industry players . Acquire necessary knowledge about important Islamic financial contracts, as used by the industry . Develop an appropriate level of understanding of the main principles of Islamic banking and finance . Gauge the nature and scope of the Islamic finance industry in relation to its conventional counterpart . Appreciate the rationale behind the development of the Islamic finance industry .


Prerequisites:
None


Suitable For:
Individuals interested in developing basic understanding of the foundations upon which Islamic industry is built and the way it operates in practice


An Introduction to Islamic Banking and Finance
  • A brief overview of Islam and sources of Islamic law
  • Origin, history, current status and future of the Islamic financial industry

Islamic Law of Contracts
  • Fundamental guiding principles of Islamic banking and finance: Halal vs Haram and prohibitions related to Riba, Gharar and Qimar
  • An introduction to different Islamic legal contract; Musawamah, Musharakah, Mudaramah, Murabaha, Wakala, Salam, Istisna, Arboon, Ijara, Wakala, etc.

Financial Techniques Applied by Islamic Financial Institutions
  • Sources and utilisation of funds by Islamic financial institutions
  • Practical applications of various Islamic contracts and principles in Islamic financial operations

Financial Statements for Islamic Banks
  • Need for special accounting treatment of Islamic financial transactions
  • International and Islamic Accounting Standards: similarities and differences

Islamic Corporate Governance
  • Perception about Corporate Governance and the case for Corporate Governance in the Islamic financial industry
  • Current practices of Corporate Governance in the Islamic financial industry

Islamic Asset and Fund Management
  • An introduction to Islamic asset and fund management activities and practiced by Islamic institutions
  • Understanding various Islamic structures; equity, real estate, trade finance, hedge funds, private equity funds etc.

Islamic Bond Market - Sukuk
  • An introduction to Sukuk and an overview of the existing market
  • Various Sukuk structures and their applications

Islamic Insurance - Takaful
  • An introduction to the fundamental basis of Takaful and its forms: General and Family Takaful
  • Different models and Takaful operations: Wakala and Mudaraba

Introduction to Islamic Finance

£ 797 + VAT