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Islamic Financial Management course

INTRODUCTION

This course provides participant with a thorough grounding in Islamic finance. The course covers the principles behind Islamic finance and the relationship between Islamic and conventional financing. During the course participants will explore recent history and trends in Islamic finance. Course participant are also provided with the opportunity to learn how to structure cash flows for Islamic finance.

Duration

10 Days

WHO SHOULD ATTEND

  • Directors
  • Managers
  • Operations staff
  • Marketing persons
  • Shari'ah scholars
  • auditors

 LEARNING OBJECTIVES

At the end of this IRES training course, you will learn:

  • Understanding of the main principles of Islamic banking and finance
  • Developments of Islamic Economics, Banking and Finance.
  • Identifying a range of commonly used Islamic Financial products and services
  • Considering  the nature and scope of Islamic finance and its relationship with conventional finance
  • Creating awareness of the principles, trends and economic benefits of Islamic portfolios.
  • Critically evaluate the key differences between the Islamic and conventional securities market
  • Examine various risk management tools and techniques from an Islamic point of view.
  • Differentiate between conventional insurance and Takaful
  • Demonstrate practical skills of ethics for Islamic corporate governance.
  • Compare and contrast differences between Islamic accounting and conventional accounting.

TOPICS TO BE COVERED                  

Module 1

  • 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

Module 2

  • 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

 

Module 3

  • 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

Module 4

  • 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

Module 5

  • 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)

 

Module 6

  • 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

   Module 7

  • 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

Module 8

  • 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

 

Module 9

 

  • 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

 

Module 10

  • 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

 

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817,+254 (020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B 30th September 2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 10 Days
Event Date 07-10-2019
Event End Date 18-10-2019
Cut off date 30-09-2019
Individual Price(Kenyan) KES 139,000
Individual Price (International) EUR 1,592
Individual Price(International in Dollars) USD 1,853
Location Nairobi, Kenya
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Contact Us

+254 715077817 | +254 792516000
outreach@indepthresearch.org
Westlands, Rhapta Road
Njema Court, Suite R2

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