Outlines

 

What is an Islamic Finance?

• Definition – Fatwa
• Source of funds
• Use of funds
• Contractual relationships
• Profit & loss sharing

The Principles of Islamic finance

• The prohibition of Riba
• Real & notional interest
• Fixed & variable interest
• Interest as a return
• Methods of Islamic investment
• Trade credit & leasing
• Islamic deposits

Case Study/Exercise

Shariah compliant Investment Vehicles

• Wakala
• Mudaraba – Restricted
• Mudaraba – Unrestricted
• Musharaka

Case Study/Exercise

Islamic Asset & Fund Management

• Investors’ Objectives:
  
  

• Capital preservation.
• Maximize yields.
• Industry screens
• Balance sheet screens
• Haram investments
• Dealing with non-compliance
• The role of the sharia scholars
• Incorporation of Islamic doctrines.
• Link to Sharia precepts & ethics.
• Legitimate goods.
• Moral behaviour & social objectives.

Case Study/Exercise

Islamic Bond Market (Sukuk)

• What is a Sukuk
• How do they differ from Bonds or other conventional debt instruments?
• What impact will recent defaults have on global market
• Two centres, GCC & Far East – differences in approach
• Specific differences

Course Conclusion

• Summary
• Revision

Open discussion

Who Should Attend

 

 

　

• Accountants, Financial analysis , Auditors tellers, operations supervisors, bank bookkeepers, administrative assistants, and credit investigators

Duration

5 Days