ISLAMIC CAPITAL MARKETS

[The Two-Day Course contents are included, plus]

• Shariah Boards
• What are the common Shariah principles underlying all Islamic financial instruments?
• The key questions the Shariah Boards ask
• What are the problems with the fatwas issued by Shariah Boards?
• Jurisprudence issues affecting Capital Markets.
• Characteristics of key Capital Market Instruments acceptable to the Shariah Boards.
• Islamic Capital Market Instruments
• The hierarchy of Capital Markets: where do Islamic Products fit?
• Is it halal or haram for Muslims to invest in the stock market?
• Are companies with debt related activities excluded from Islamic investment portfolios?
• What are the Islamic investment purification principles?
• Commodity Morabaha
• Islamic leasing
• Islamic Equity Market Funds
• Real Estate Investment Trusts
• Islamic Hedge Funds
• Islamic Rating Systems
• Islamic Market indices:
• Dow Jones Islamic Market Index (DJIM)
• FTSE Global Islamic Index Series
• Factors affecting innovation in Islamic banking and Capital markets.
• Islamic Securitization
• Securitization for conventional banking products
• Securitization for Islamic banking products
• The driving forces behind securitization
• What are the Shariah requirements for securitization?
• Ownership conveyance issues
• Credit enhancement issues.