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INTRODUCTION TO ISLAMIC BANKING TRAINING COURSE - DURATION 4
DAYS
Learning Objective
This introductory course is designed to teach delegates the principles
of Islamic Banking and to highlight the differences between Islamic and
conventional banking. It explores the different products and services
commonly found in both the GCC and the Islamic market globally and it
assesses the relative advantages and disadvantages of each. By the end
of the course delegates will have a full understanding of the products
and principles involved in Islamic Banking and how they differ from Western
banking models.
Who Should Attend
Anyone seeking a basic understanding of the nature and form of Islamic
Banking.
Teaching Methodologies
Classroom lectures and interactive practical workshop format intended
to affirm the learning objectives.
Learning Pre-requisites
None although a basic knowledge of conventional banking and the financial
services sector would be helpful.
Course Outline
Session 1: Conventional Banking models
- History
- Types of banks
- Products
- Basic Principles.
Session 2: The Islamic Business Environment
- The Islamic World
- Islam & Economic development
- The modern Islamic state
- Authority in an Islamic state
- The Islamic legal system
- Foreign business law and Islamic law
- Islamic business ethics
- Case Study: What are the key differences between Western and Islamic
financial institutions?
Session 3: The Principles of Islamic finance
- The prohibition of Riba
- Key Islamic principles and their application to Islamic Finance
- The principles of Islamic trade
- Introduction to financial instruments
- Mudaraba,
- Musharaka,
- Murabaha,
- Ijara
- Salam,
- Istisn'a
- Mutual funds
- What is each product?
- How do these differ from the equivalent Western products?
- Introduction to Waqf & Zakat
Case Study: Consider the implications of key Islamic rulings on banking
products and how these have shaped the products currently available? What
are the key matters that you should consider when designing Islamic products?
Session 4: Governance of Islamic banks
- Shariah boards
- Jurisdiction
- Conflicts between Sharia law, local law and international law
- Differences in application of Islamic law between Islamic states
- Which law prevails
- Regulatory framework
- Fairness & suitability.
- Islamic bank issues:
- Stakeholders.
- Systemic Risk.
- Regulations.
- Depositor protection.
- Internal control & risk management.
- Information asymmetry.
- Related party transactions
Session 5: The Structure of Islamic Banks
- The structure of an Islamic bank
- The difference between a wholly Islamic bank and a combined Western
and Islamic bank
- What banking services are available?
- Social Services.
- Investment & Investment Management.
Session 6: Sources of Customer Funds
- Key concepts of depositing
- Islamic deposit accounts
- Company assets – reserves and equity
- Short and long term investment capital
- Islamic current accounts:
- Amanah (Trust).
- Wadia (Deposit).
Case Study: If you were a bank, how would you want to balance your funding
structures?
Session 7: Islamic Bank Issues
- The impact of the Bank for International Settlements
- Fairness & suitability.
- Confidentiality.
- Transparency.
- Islamic bank issues:
- Stakeholders.
- Systemic Risk.
- Regulations.
- Depositor protection.
- Internal control & risk management.
- Information asymmetry.
- Related party transactions.
Session 8: Introduction to Islamic Investment
- Incorporation of Islamic doctrines.
- Link to Sharia’a precepts & ethics.
- Key Islamic issues
- Moral behaviour & social objectives
- Conventional debt securities
- Introduction to Sukuk bonds
- Introduction to Islamic mutual funds
Session 9: Introduction to Islamic Insurance
- Islam and insurance – what is prohibited?
- Introduction to Takaful
- Differences between Western and Islamic insurance
- Limitations to Takaful
Session 10: Course Conclusion
- Summary
- Revision
- Open discussion
State of the art facilities
Delegates can study in our comfortable hi-tech learning environment in
London, near Liverpool Street Station.
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