Islamic Banking - Functions and Governance

Course Info

Length: 1 Week

Type: Online

Available Dates

Fees

  • Apr-01-2024

    1,590

  • May-06-2024

    1,590

  • June-03-2024

    1,590

  • July-01-2024

    1,590

  • Aug-05-2024

    1,590

  • Sep-02-2024

    1,590

  • Oct-07-2024

    1,590

  • Nov-04-2024

    1,590

  • Dec-02-2024

    1,590

Course Details

Course Outline

5 days course

 

Islamic Banks in the Context

 

  • The theoretical foundation of the institutionalisation of Islamic finance
  • The historical development of Islamic banking
  • The core objectives of Islamic banking
  • The conceptual difficulty of banking without riba
  • Business models – the bank model versus the non-bank model
  • Business lines – retail banks versus wholesale/investment banks
  • Surviving in a non-Islamic environment
  • The attitude of regulators – Muslim and non-Muslim
  • Competing alongside conventional banks
  • Liquidity management issues

 

Functions
 
Products and Services

 

  • Deposits
  • Trade finance
  • Corporate finance
  • Agriculture
  • Consumer
  • Treasury

 

Balance Sheet

 

  • Asset side
  • Liability side
  • Accounting peculiarities

 

Social Utility

 

  • Economic distinction?
  • Qard (interest-free loan)
  • Charity
  • Zakat (religious tax)

 

Governance

 

Regulation

 

  • Capital adequacy
  • Risk management
  • Reporting & disclosure
  • Central bank support

 

Shariah Oversight

 

  • Shariah supervisory boards, their role and purpose
  • Shariah compliance departments and advisers
  • Shariah auditors
  • The view of English law on Shariah
  • Reputation Management

 

  • Case study – Islamic Bank
  • Conclusion  

Course Video