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FINANCIAL MARKET COURSES

Islamic Banking & Finance

Courses In This Course

Islamic banking and finance has emerged in recent years as one of the most interesting trends taking place in the financial world. With the development of viable Islamic deposit and financing alternatives to conventional (non-Islamic) banking, the potential that this market affords has drawn widespread interest. This course describes the key principles and instruments associated with the Islamic market, and takes the mystique out of the associated jargon.

Objectives

In this course, you will explore:

The key principles of Islam as they apply to banking and finance activities

The historical development of Islamic banking and finance

The main types of contract used in Islamic finance

The challenges facing the Islamic banking and finance industry

The key deposit, investment, and financial market instruments used in Islamic finance

Prerequisite Knowledge

A basic understanding of the concept of conventional (non-Islamic) banking and finance is assumed.

Learner Profile

This course is designed for those looking for a high level overview of Islamic banking and finance, whether they work in an Islamic banking institution or a conventional bank. It is also suitable for more experienced personnel who wish to refresh their knowledge.

  •    ISLAMIC BANKING & FINANCE - AN

       INTRODUCTION

    Overview

    Islamic banking and finance has emerged as a viable alternative to conventional banking in recent years. The commitment to shari’a – Islamic religious law – is the backbone of Islamic banking. The prohibition of interest and speculation, as well as the carrying on of banking business in accordance with shari’a, are the basic principles underlying Islamic banking and finance. The financial world has begun to acknowledge the huge growth potential offered by the market and financial institutions ignore this potential at their peril.

     

    This course provides an overview of the key principles of Islamic banking and finance and simplifies some of the terminology used in the market. The key components of the Islamic financial system and the main standard-setting bodies are also discussed.

    Course Duration

    60 mins

    Prerequisite Knowledge

    A basic understanding of conventional (non-Islamic) banking products/markets would be useful.

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  •    ISLAMIC BANKING & FINANCE - FINANCIAL

       INSTRUMENTS

    Overview

    Islamic financial instruments are shari'a-compliant deposit and investment products that are based on classical nominate contracts. These contracts are sufficiently flexible to cover many contemporary requirements. The market for Islamic financing products is dominated by banks, who engage in transactions that are based on real economic activity. Products that are haram (forbidden in Islam) are not offered.

     

    This course looks at the key types of deposit and investment product offered by Islamic banks and examines the challenges faced by these banks as the market matures.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Islamic Banking & Finance – An Introduction

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  •    ISLAMIC MONEY & CAPITAL MARKETS

    Overview

    The Islamic financial markets can be broadly divided into sharia’-compliant money markets and capital markets.

     

    Modern financial markets, including depository institutions, cannot function without efficient and robust money markets. This is a challenge for Islamic finance as interest (riba) is forbidden and money market instruments are difficult to structure on a profit-loss sharing (PLS) basis. However, the industry is gradually witnessing more innovation and sophistication in money markets and is starting to address these challenges.

     

    The other strand of Islamic financial markets is capital markets. Islamic finance has had its greatest success here – especially in the area of sukuk, the Islamic equivalent of conventional bonds, and Islamic funds.

     

    This course covers Islamic money and capital markets in detail. It describes the underlying principles that affect these markets, introduces various market instruments, and discusses equity screening criteria as well as the issues and challenges specific to Islamic markets.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Islamic Banking & Finance – Financial Instruments

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  •    SUKUK MARKET

    Overview

    Sukuks are the Islamic financial market's equivalent of conventional bonds or notes. However, sukuks are very different from conventional bonds, which are subject to interest or coupon payments - both prohibited under shari’a. This course looks at the origins of the sukuk market and presents an overview of the current state of play in the market. Various types of sukuk and sukuk are introduced and the course also looks at the current issues and challenges faced by the sukuk industry.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Credit Risk Measurement – An Introduction

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  •    ISLAMIC BANKING & FINANCE – WEALTH

       MANAGEMENT

    Overview

    In this course, we look at the emerging niche market of shari’a-compliant wealth management. Although dwarfed by its conventional counterpart, and facing significant challenges, this industry is making significant inroads, especially in the GCC states.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Islamic Banking & Finance – An Introduction

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