Course Info

Length: 2 Weeks

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • June-03-2024

    Kuala Lumpur

  • July-01-2024

    Kuala Lumpur

  • July-29-2024

    Kuala Lumpur

  • Aug-05-2024

    Kuala Lumpur

  • Sep-02-2024

    Kuala Lumpur

  • Sep-30-2024

    Kuala Lumpur

  • Oct-07-2024

    Kuala Lumpur

  • Nov-04-2024

    Kuala Lumpur

  • Dec-02-2024

    Kuala Lumpur

  • Dec-30-2024

    Kuala Lumpur

Dates in Other Venues

  • May-27-2024

    Amsterdam

  • May-27-2024

    London

  • June-03-2024

    Istanbul

  • June-10-2024

    Paris

  • June-10-2024

    Singapore

  • June-17-2024

    Dubai

  • June-17-2024

    Barcelona

  • June-24-2024

    London

  • June-24-2024

    Amsterdam

  • July-01-2024

    Istanbul

  • July-08-2024

    Singapore

  • July-08-2024

    Paris

  • July-15-2024

    Dubai

  • July-15-2024

    Barcelona

  • July-22-2024

    London

  • July-22-2024

    Istanbul

  • July-29-2024

    Amsterdam

  • Aug-05-2024

    Istanbul

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-19-2024

    Barcelona

  • Aug-19-2024

    Dubai

  • Aug-26-2024

    London

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-09-2024

    Singapore

  • Sep-09-2024

    Paris

  • Sep-16-2024

    Barcelona

  • Sep-16-2024

    Dubai

  • Sep-23-2024

    Istanbul

  • Sep-23-2024

    London

  • Sep-30-2024

    Amsterdam

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Paris

  • Oct-14-2024

    Singapore

  • Oct-21-2024

    Barcelona

  • Oct-21-2024

    Dubai

  • Oct-28-2024

    London

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Paris

  • Nov-11-2024

    Singapore

  • Nov-18-2024

    Dubai

  • Nov-18-2024

    Barcelona

  • Nov-25-2024

    London

  • Nov-25-2024

    Amsterdam

  • Dec-02-2024

    Istanbul

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Dubai

  • Dec-16-2024

    Barcelona

  • Dec-23-2024

    Istanbul

  • Dec-23-2024

    London

  • Dec-30-2024

    Amsterdam

Course Details

Course Outline

10 days course

 

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

 

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

 

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

 

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

 

 

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)

 

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

 

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

 

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

 

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

 

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

Course Video