Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.
Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.
Claim the VAT that's rightfully yours in four simple steps:
1. Register your interest
2. Sign a few simple documents
3. VAT IT processes your claim
4. Receive your refund
Why choose VAT IT
VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
Can I claim back the VAT myself?
You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
For European clients, please refer to form VAT 65.
All other clients, please refer to form VAT 65A.
You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.
Islamic Banking & Finance
The Islamic FInance & Banking programme features everything one would need to know about Islamic Finance.
The course provides detailed and comprehensive analysis into all major areas of Islamic Banking and Finance. Relevant theory is covered with the primary focus on practical application and use of all products in the global Islamic finance markets. Guidance will be provided on such issues as:
- Analysis of current market practices and what products and structures are utilized, and why
- Developing new products for your clients and markets
- Structuring products from the building block of theory (Islamic law) through to the final end product
- Impact on each group of stakeholders (Scholars, structurers, legal, marketing, operations, risk, execution etc)
This course has been designed for professionals that have had little or no exposure to Islamic Finance (via the initial Overview module) through to those already exposed and working in the field requiring more detailed guidance and information.
It will broaden your knowledge of the industry and markets, as well as understanding all the major products used globally, and the characteristics and risk management aspects associated with them.
Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2.
Section 1• Islamic commercial laws and rules (including contract law)
Introduction to Islamic finance and banking
o Sources of Islamic law
o The view on money in Islam
o Enterprise vs debt creation
o What is the overlap between the aims of the Islamic and conventional markets in terms of desires of market participants and preferred outcomes?
o Outline of key activities of conventional banks and which of these activities may not be Shariah compliant
o Riba, Gharar, Maysir
o An explanation of these principles and examples of each
o Sale contracts
o Investment and management contracts
o A detailed case study of the balance sheet of a major global Islamic bank
o What are the key market sectors?
o How have they grown since inception and what are the major contributing factors?
o What challenges are faced by market participants?
o Discussion of outcomes of defaults and court cases
o Beximco, East Cameron Gas Sukuk, Dana Gas Sukuk
Retail Islamic banking products
• Current and savings accounts
o Using Murabaha and Mudarabah contracts
o Case study of Mudarabah deposit (Qatar Islamic Bank)
o Murabaha home finance
The advantages and disadvantages (in relation to ownership, risk, variable rate financing and valuation of debt outstanding)
How it works and its advantages over Murabaha home finance
Market example – Meezan Bank
o Ijara, including market examples
o Murabaha / goods finance
o Tawarruq financing
o Analysis of different contracts used in the market
Key Contractual Forms and case studies
o Differences between conventional leasing and Ijara
o Market examples of the utilisation of this contract in practice
o Application in asset financing, working capital finance, and general credit provision
o Murabaha goods finance vs Tawarruq financing
o Murabaha Sukuk
o Market examples
o Diminishing Musharakah home finance
o Investments and funds
Market examples and term sheets
Why this is the preferred contractual form for fund and asset management
o Retail deposits
Comparison to murabaha deposits
How to identify and mitigate the new risks arising from utilising an investment contract for deposit products
Sukuk – detailed analysis and transaction case studies
o Who does this responsibility fall upon
o How is this managed in practice?
o What are the implications?
o Why this can be important
o The concept of credit risk vs asset price risk in asset-backed structures
o The approach of credit ratings agencies
o How are these defined
o What occurs upon a default?
o Asset risk vs credit risk for investors
o How did this arise?
o What were the consequences for the market?
• Detailed case studies
o The process of Shariah compliance and screening
o The concept of financial screening
o Three levels of Shariah compliance
The assets themselves
Acquiring exposure to the assets
The contractual arrangements between the investors and the fund manager
o What occurs when something goes wrong?
o Key principles
o Shariah compliant target companies
o Real estate
o Fixed income
o Capital protection
What is it and who wants it?
How do conventional investments provide capital protection, and why is this not Shariah compliant?
How can we deliver this protection in an acceptable manner?
The connection between capital protection and derivatives
The issue of liquidity
o Notes What are they, and how do they operate?
How to structure Islamic notes
The issue of liquidity, again
o Payout on performance of an index or benchmark
When is this desirable?
What is permissible for referencing payouts?
What key structures and contracts are utilised to deliver Shariah compliant products?
o The elements of Maysir and Gharar in an insurance contract?
o Is conventional insurance impermissible in all circumstances?
o Major contractual forms used
o Key structures utilised in the market, with market examples
o The concept of Takaful Operator (as opposed to an insurance company)
o How do operators run their business and how do they make profits?
o Analysis of market development and growth
o Challenges faced by the market globally
o The importance of ReTakaful to the continued growth of the Takaful markets
o The role played by Re-insurance to fill gaps in the market
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
- Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
BiographyThe course instructor is an investment banker and has been specialising in islamic Finance since 2001. He established the Islamic Banking teams at UBS and Credit Agricole, and in 2007 established and led the global Islamic Banking business at JP Morgan. In 2012 Safdar established a consultancy firm to provide services to the industry, with a focus being on positive and critical development of the industry. He counts amongst his clients Islamic Banks from London to the Middle East and Asia. He has led and executed transactions in Islamic Banking in excess of $10bn. He is a frequent speaker at workshops and conferences and contributes thought leadership articles to help drive critical discussion and debate in the global industry.
The map attached details some of our most frequently used venues
If you need help booking accommodation for your visit, please contact email@example.com and one of our partners will help you get the best rate possible.