Islamic Finance

This program provides participants with a thorough grounding in Islamic finance principles and an opportunity to learn about the mechanism of various products of Islamic finance and the unique structures of contracting.

Defining the Islamic financial market and know how the market has evolved to date 
Understanding the role and importance of the sharia’a and determine what is and isn’t permitted under Islamic law 
Understanding Islamic finance guidelines and comparing between Islamic and conventional finance 
Master the common asset classes used by Islamic entities to invest its capital into 
Obtain knowledge of the basic liability instruments used to finance operations
Differentiate between assets and liabilities sides of the financing arrangements
Get introduced to Islamic Financial Market scope and sharia compliant instruments

Introduction to Islamic financial markets
Islamic finance: its importance, role and relevance for today’s world 
The rationale for growth in sharia’a compliant financial services 
Riba (usury) Gharar (uncertainty) and maysir (speculation) in Islamic finance 
The process of structuring a sharia’a compliant product 

Islamic finance asset classes
Murabaha contracts (sales) and Revolving murabaha 
Murabaha syndicate trade mechanics 
wakala (Agency – principal) and kafala (Guarantee)  
Ijara (leasing): Basic operating ijara and Ijara muntahia bi tamleek 
Salam (forward sales) and Parallel salam 
Istisna (Construction) and Parallel istisna 

Islamic finance liability side
Musharaka (equity partnership) 
Mudaraba (silent partnership) 
Wakalah (agency - agent) 

Islamic finance capital markets 
Getting to grips with the structure of Islamic finance capital markets 
Sukuk (Islamic bonds) and its convergence within GCC 
Syndications under Islamic finance and other conventional banks
Islamic finance funds: Stock market funds and Islamic hedge funds 

Meeting Request