Foscore Development Center, Transnational Plaza, Mama Ngina Street 5th Floor, Nairobi Kenya

Sep 26th 2022

Islamic Financial Management Course

By: Foscore Development Center

Attendees

About

Islamic Financial Management Course on 26th September to 7th October 2022

Course calendar

Duration

2 weeks

Course Objective:

·         Developments of Islamic Economics, Banking and Finance.

·         Understanding of the main principles of Islamic 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

Course content

·         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

·         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

·         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

·         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

·         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)

·         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

·         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

·         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

·         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

·         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