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Introduction to Islamic Finance

Introduction to Islamic Finance

Introduction to Islamic Finance

This cover covers Islamic finance products from both a technical and a Sharia’a ‘perspective, providing a comprehensive understanding and application of the most common Islamic finance products. The practical examples and best practices have been gathered through years of working with leading global banks and financial institutions and are field-proven.   

 

Learning Outcome 

  • Participants will enhance their knowledge on how Islamic banks operate, its principles, rules, and prohibitions 
  • Participants will learn about the different kind of contracts under Islamic finance including Murabaha, Ijara & Wakala 
  • Participants will understand how Islamic banking products differ from traditional banking products 
  • Participants will gain an in-depth overview of how some Islamic banking products are used and applied in the real world. 

 

Target Audience 

 This program is designed for individuals who are keen on learning about Islamic banking, how they operate, and the services and products offered by such banks. This may include employees who have recently joined an Islamic banking division or a graduate looking to gain knowledge of Islamic banking as a whole. 

1. Fundamentals of Islamic Finance & Islamic Finance Structures 

  • History of Islamic Banking & Finance
  • Islamic Teachings Relating to Business
  • Principles, Rules & Prohibitions

         Riba

         Maysir

         Gharar

 2. Islamic Finance Structures 

  • Islamic Contracts 
  • Prerequisites of Shariah contracts
  • Types of Contracts
  • Barter Trading (Bay al-Muqayada)
  • General Sale (Bay’ al-mutlaq)
  • Exchange Sale (Bay’ al-Sarf)
 Mark-up Sale (Murabaha) 
  • Important principles of a Murabaha
  • Structure of a Murabahacontract
  • Mechanism of a Murabaha Transaction
  • Applications of Murabaha Contract
Islamic Lease (Ijara) 
  • Important principles of an Ijara
  • Structure of an Ijara contract
  • Mechanism of an Ijara contract
  • Applications of Ijara contract
Wakala 
  • Important principles of Wakala
  • Structure of Wakala
  • Mechanism of a Wakala Transaction
  • Applications of Wakala
 Qard 
  • Important Principles of Qard Contract
  • Structure of Qard
  • Applications of Qard
Salam Sale (Bai’Salam) 
  • Important principles of Salam
  • Structure of a Salam contract
  • Mechanism of Salam Transaction
  • Applications of Salam
 Partnership (Musharaka) 
  • Important principles of Musharaka
  • Different types of Partnership at a glance
  • Structure of Musharaka & Diminishing Musharaka contract
  • Mechanism of a Musharaka Transaction
  • Applications of Musharaka
 Venture Capital (Mudaraba) 
  • Important principles of Mudaraba
  • Structure of Mudaraba contract
  • Mechanism of a Mudaraba Transaction
  • Applications of Mudaraba

 

3. Islamic Banking Products Application 

Commodity Murabaha 
  • Principles of Commodity Murabaha
  • Use within Current Accounts & Savings Accounts•Monetization (Tawarruq)
  • Important principles of Tawarruq
  • Structure of Tawarruq
  • Mechanism of Tawarruq Transaction
  • Applications of Tawrruq
 Monetization (Tawarruq) 
  • Important principles of Tawarruq
  • Structure of Tawarruq
  • Mechanism of Tawarruq Transaction
  • Applications of Tawrruq

Fee Per Participant

USD 750/-

Fees + VAT is applicable

Dates & Times

October 2020:

14th – 15th

Language: English

Time:

10:00 – 13:00 (UAE)

9:00 – 12:00 (KSA)

Overview

This cover covers Islamic finance products from both a technical and a Sharia’a ‘perspective, providing a comprehensive understanding and application of the most common Islamic finance products. The practical examples and best practices have been gathered through years of working with leading global banks and financial institutions and are field-proven.   

 

Learning Outcome 

  • Participants will enhance their knowledge on how Islamic banks operate, its principles, rules, and prohibitions 
  • Participants will learn about the different kind of contracts under Islamic finance including Murabaha, Ijara & Wakala 
  • Participants will understand how Islamic banking products differ from traditional banking products 
  • Participants will gain an in-depth overview of how some Islamic banking products are used and applied in the real world. 

 

Target Audience 

 This program is designed for individuals who are keen on learning about Islamic banking, how they operate, and the services and products offered by such banks. This may include employees who have recently joined an Islamic banking division or a graduate looking to gain knowledge of Islamic banking as a whole. 

Course Outline

1. Fundamentals of Islamic Finance & Islamic Finance Structures 

  • History of Islamic Banking & Finance
  • Islamic Teachings Relating to Business
  • Principles, Rules & Prohibitions

         Riba

         Maysir

         Gharar

 2. Islamic Finance Structures 

  • Islamic Contracts 
  • Prerequisites of Shariah contracts
  • Types of Contracts
  • Barter Trading (Bay al-Muqayada)
  • General Sale (Bay’ al-mutlaq)
  • Exchange Sale (Bay’ al-Sarf)
 Mark-up Sale (Murabaha) 
  • Important principles of a Murabaha
  • Structure of a Murabahacontract
  • Mechanism of a Murabaha Transaction
  • Applications of Murabaha Contract
Islamic Lease (Ijara) 
  • Important principles of an Ijara
  • Structure of an Ijara contract
  • Mechanism of an Ijara contract
  • Applications of Ijara contract
Wakala 
  • Important principles of Wakala
  • Structure of Wakala
  • Mechanism of a Wakala Transaction
  • Applications of Wakala
 Qard 
  • Important Principles of Qard Contract
  • Structure of Qard
  • Applications of Qard
Salam Sale (Bai’Salam) 
  • Important principles of Salam
  • Structure of a Salam contract
  • Mechanism of Salam Transaction
  • Applications of Salam
 Partnership (Musharaka) 
  • Important principles of Musharaka
  • Different types of Partnership at a glance
  • Structure of Musharaka & Diminishing Musharaka contract
  • Mechanism of a Musharaka Transaction
  • Applications of Musharaka
 Venture Capital (Mudaraba) 
  • Important principles of Mudaraba
  • Structure of Mudaraba contract
  • Mechanism of a Mudaraba Transaction
  • Applications of Mudaraba

 

3. Islamic Banking Products Application 

Commodity Murabaha 
  • Principles of Commodity Murabaha
  • Use within Current Accounts & Savings Accounts•Monetization (Tawarruq)
  • Important principles of Tawarruq
  • Structure of Tawarruq
  • Mechanism of Tawarruq Transaction
  • Applications of Tawrruq
 Monetization (Tawarruq) 
  • Important principles of Tawarruq
  • Structure of Tawarruq
  • Mechanism of Tawarruq Transaction
  • Applications of Tawrruq
Schedule& Fees

Fee Per Participant

USD 750/-

Fees + VAT is applicable

Dates & Times

October 2020:

14th – 15th

Language: English

Time:

10:00 – 13:00 (UAE)

9:00 – 12:00 (KSA)