The course is open for all individuals across the world. The minimum criterion for doing any course of the Institute is good knowledge of English. The course is designed for persons wishing to pursue a career in Islamic banking or also for those serving in the industry in their career progression. The course will also benefit those who wish to learn the fundamentals of Islamic banking and finance and their applications.
Duration
5 Days
Programme Overview
The training programme is conducted under the capacity building with its aim to contribute to the development of institutional capacity within the various segments of Islamic finance. It will facilitate further development of Islamic finance as well as deepen participants/institutions knowledge and skills in the respective area. They have expertise in delivering online and onsite training packages. The course also provides an overview on Islamic insurance termed as takaful. The course assumes no previous knowledge of banking. Neither does it assume any previous knowledge of Islam. The emphasis is on the practical implementation of Islamic finance principles in the real world of finance.
Objectives
The main objectives of this course -
To understand the principles of Islamic banking and
takaful conceptually and theoretically
To expose the participants with the basic principles
underlying all the products available in Islamic banking,
takaful and securities
To understand the legal documentation and its effect to
law as applied in the civil courts
To equip the students with the necessary training in the
area of Islamic commercial law so as to qualify them to
practice in that area.
Course Outline
Module One - Islamic Economic System
Introduction to Economic Theories and Islamic Economic System
The Historical Development of Islamic Banking
Islamic Commercial law
The Basic Prohibitions
Qard and Dayn in Islamic banking
Principles of Islamic Commercial Contracts
Islamic law of Sale and Purchase
Module Two - Modes of Shari'ah-Compliant Transactions
Introduction to Islamic Modes of finance
Non-participatory Modes of finance
Participatory Modes of finance
Accessory Modes
Module Three - Islamic Banking Operations
Key Characteristics of Islamic Banking Operations
Islamic Retail Banking Services
Islamic Investment Management Services
Corporate Banking Services
Investment Banking in Islamic Banks
Treasury and International Banking
Module Four - Governance, Regulation, Accounting Issues in Islamic Banking
Social Responsibility and Internal Controls
Regulatory Compliance Functions
Risk Management in Islamic Financial Institutions
Modern trends in Islamic Banking
Module Five - Introduction to Islamic Insurance (Takaful)
