Introduction to Islamic Finance
Course
In London
Description
-
Type
Course
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Location
London
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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
Start date
About this course
None
Reviews
Subjects
- Finance
Course programme
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