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Islamic Finance
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This 5-day intensive practical programme feature everything you need to know about Islamic Finance, including modern developments of FinTech and Crypto Currencies.
Featuring 6 interactive sections delivered over the 5 days:
Section 1 – Introduction, principles, and major contractual forms (1 day)
Section 2 – Retail banking (0.5 days)
Section 3 – Financial structing and product creation (1 day)
Section 4 – Sukuk, Islamic bonds (1 day)
Section 5 – Investments (0.5 days)
Section 6 – FinTech and Crypto (1 day)
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. Modern topics such as FinTech Cryptos are also covered in detail from an Islamic perspective. 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
- Entering the crypto and fintech space to serve the Islamic market
- 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.
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Section 1
Introduction to Islamic finance and banking- Islamic commercial laws and rules (including contract law)
- Islamic vs conventional banking – similarities and differences
- Key principles
- Riba, Gharar, Maysir
- Overview of acceptable contractual forms
- The activities and balance sheet of a major Islamic bank
- Overview of global Islamic markets – development and growth, challenges
- Islamic commercial contracts in conventional courts – what we have learned so far
Section 2
Retail Islamic banking products- Current and savings accounts
- Home purchase finance structures
- Car purchase finance structures
- Personal finance
- Islamic credit cards
Section 3
Key Contractual Forms and case studies- Leasing, Ijara
- Murabahah, Tawarruq and Musawamma
- Application in asset financing, working capital finance, and general credit provision
- Project finance - Istisna
- Musharakah
- Diminishing Musharakah home finance
- Mudarabah
- Investments and funds
- Retail deposits
- Sukuk overview, and relevant structures
- Ijara
- Mudarabah
- Musharakah
- Murabahah
- Wakala
- Hybrid
Section 4
Sukuk – detailed analysis and transaction case studies- Ijara. Mudarabaah, Musharakah, Murabahah, Wakala, Hybrid
- AAOIFI Shariah standards and Sukuk controversy
- How to develop debt capital markets products using classing contractual forms
- Detailed case studies
Section 5
Investments- Equity investments and funds
- The process of Shariah compliance and screening
- Private Equity
- Key asset classes
- Real estate
- Commodities
- Fixed income
- Structured investments
- Capital protection
- Notes
- Payout on performance of an index or benchmark
Section 6
FinTech and Crypto- The impact of FinTech on Islamic Finance
- The challenge to the traditional banking model
- Are banks being left behind?
- The growth of Non-banks and the implications
- Islamic FinTech, the state of the market
- Who is behind this sector – the new generation of Islamic visionaries?
- Crypto currencies from an Islamic perspective
- The growth of crypto
- Fiat vs Crypto – which is more “Islamic”
- Bitcoin and Islamic banking
- Is Bitcoin consistent with Islamic principles?
- Inherent value, regulation, common acceptance
- As a commodity, store of value, and a currency
- Challenges and responses
- The need for an Islamic Crypto
- Do we need one?
- What would it look like?
- What would it do …?
- The role of banks and governments in crypto
- Proof of Work, Proof of Stake
- What do these mean?
- Why are they important concepts?
- What are the implications for Shariah compliance?
- Decentralised Finance
- Crypto v2.0?
- Developments and opportunities
- Impermissible innovation vs permissible
- Market examples of DeFi that lead the way forward for Islamic finance
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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.
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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
Instructor
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Safdar Alam
Biography
The 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.
