Our Course Contents
DAY-ONE COURSE
PRINCIPLES OF ISLAMIC BANKING
- What is Islamic Banking?
- What are the principles of Islamic Banking?
- What are the driving principles of Islamic banks?
- The characteristics of an Islamic financial system:-
- Riba
- Risk sharing; profit sharing; loss sharing.
- Time value of money Islamically interpreted.
- Prohibition of Speculation
- ü Sanctity of contract.
- Shariah approved activities.
- The key characteristics of the liabilities of Islamic banks:-
- Current accounts
- Saving accounts
- Investment accounts
- Restricted investment accounts
- Unrestricted investment accounts
- Bank capital
- Nature of Islamic Contracts
- Intermediation contracts:-
- Mudaraba
- Kifala
- Amana
- Takaful
- Wikala
- Ju’ala
- Transactional contracts:-
- Murabaha
- Bay salam
- Bay mu’ajal
- Ijara
- Istisna
- Musharaka.
TWO-DAY COURSE
ISLAMIC BANKING PRODUCTS
[The One-Day Course contents are included, plus]
- Murabaha
- What is Murabaha?
- What are the characteristics of Murabaha?
- Murabaha terminology.
- What are the applications of Murabaha?
- Practical steps in constructing a Murabaha transaction.
- Bank guarantees with Murabaha.
- Murabaha and the shariah.
- How does Murabaha differs from conventional bank lending?
- What are the risks for Islamic banks providing Murabaha facilities?
- Mudaraba—Tier One and Tier Two
- What is Mudaraba?
- What is Mudaraba Tier One?
- What is Mudaraba Tier Two?
- Mudaraba terminology.
- The Two-Tier Mudaraba System
- What are the similarities and differences between the Two Tiers? Application of Mudaraba.
- Characteristics associated with Tier-One Mudaraba.
- Unrestricted and Restricted Mudaraba.
- Characteristics associated with Tier-Two Mudaraba.
- Implementation of a Tier-Two Mudaraba.
- Mudaraba case study.
- What is the difference between Tier-Two Mudaraba and conventional lending?
- How does Mudaraba compare with Musharaka?
- What are the risks for Islamic banks providing Mudaraba facilities?
- Musharaka
- what is Musharaka?
- Characteristics of Musharaka
- Musharaka terminology
- Applications of Musharaka
- Structure of a Musharaka contract.
- Term structure of Musharaka:-
- Permanent Musharaka
- Implementation of Permanent Musharaka
- Case-study: profitable Musharika
- Case-study: loss making Musharaka
- Diminishing Musharika
- Implementation of Diminishing Musharaka.
- Temporary Musharaka
- What are the risks with Musharaka partnership?
- What is the difference between Musharaka and Mudaraba?
- Ijarah and Ijarah-wa-Iktina
- What is Ijarah?
- What is Ijarah-wa-Iktina?
- Ijarah: operational leasing
- Ijara terminology
- Application of Ijarah
- Advantages of Ijara over bank borrowing.
- Characteristics of Ijarah.
- Case study
- Implementation of Ijarah.
- Why is Ijarah-wa-Iktina Shariah compliant?
- What is the difference between Ijarah and Murabaha?
- Istisna and Parallel Istisna.
- What is Istisna?
- What is Parallel Istisna?
- The characteristics of Istisna
- The characteristics of Parallel Istisna.
- Istisna terminology
- Application of Istisna
- Implementation of Istisna and Parallel Istisna.
- Why is Istisna Shariah compliant?
- What are the banking risks associated with Istisna contracts?
- Salam and Parallel salam
- What is Salam?
- What is Parallel Salam?
- The characteristics of Salam?
- The characteristics of Parallel Salam.
- Salam terminology.
- Implementation of Salam and Parallel Salam
- What are the critical limitations of each of these contracts?
- What is the difference between Salam and Murabaha?
THREE-DAY COURSE
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?
- Securitization structures, pass-throughs, Asset backed bonds, pay-throughs.
- Ownership conveyance issues
- Credit enhancement issues.
FOUR-DAY COURSE
SUKUK: ISLAMIC BONDS
[The Three-Day Course contents are included, plus]
- Sukuk: Islamic Bonds
- Sukuk basis
- How do sukuk differ from conventional bonds
- AAOIFI Sukuk Standards
- How have Sukuk evolved?
- Alternative Sukuk Structures
- Sukuk and the private sector
- Rating Sukuk
- Risks associated with Sukuk
- Case studies.
FIVE-DAY COURSE
RISK MANAGEMENT IN ISLAMIC BANKING
[The Four-Day Course contents are included, plus]
- Risk in Islamic banking
- What are the risks faced by Islamic banks which are not faced by conventional banks?
- Business risks:- displaced commercial risk, withdrawal risk, solvency risk
- Governance risks:- fiduciary risk, operational risk, transparency risk.
- Transaction risks:- credit risk, market risk, mark-up risk.
- Treasury risks:- asset and liability management, liquidity risk, hedging risk.
- Systemic risks:- regulatory risk, business environment risk, institutional risk.
- CAMEL ratings for conventional and Islamic banks.
- Asset, Liability and capital Adequacy issues for Islamic banks
- Liquidity management in conventional banks
- Liquidity management in Islamic banks
- Shariah requirements for Islamic Money Market Instruments.
- Liability management in conventional banks
- Liability management in Islamic banks
- Asset management for conventional banks
- Asset management for Islamic banks
- Capital adequacy for conventional banks
- Capital adequacy for Islamic banks
- Islamic Banking Business Model
- What are the implications for Islamic banks using Profit and Loss share [PLS] principles?
- What does the finance literature tell us about debt finance and PLS finance?
- Agency problems, asymmetric risk and moral hazard issues
- Problems associated with with PLS in practice
- Agency theory solution for conventional banks and for Islamic banks.
- Challenges for Islamic Banks
- Lack of uniform regulatory framework
- No single totally Islamic financial center
- Slow pace of innovation
- Accounting issues not resolved
- Inconsistent Shariah rulings
- Corporate governance
- Structure of the Industry
- Personnel and training issues
- Islamic Financial innovation
- Financial innovation for conventional banks
- Financial innovation for Islamic banks
- Barriers to entry within Islamic financial markets
- Stages of financial innovation for Islamic banks
- Which Islamic financial innovations have succeeded and failed?
- Securitization and financial innovation
- What are the pressures of Islamic financial innovation?
- What are the special factors affecting Islamic financial innovation?
- Financial engineering for Islamic products.
- Applying the Porter Model to Islamic banks.
Leave a Reply
You must be logged in to post a comment.