Islamic Banking and Finance: Principles and Practices Event, 21.Apr.2025

Course Description

This comprehensive 5-day course provides an in-depth understanding of Islamic banking and finance principles, products, and practices. Participants will explore Sharia-compliant financial instruments, risk management techniques, and regulatory frameworks governing Islamic financial institutions. The course combines theoretical knowledge with practical applications to equip professionals with the skills needed to excel in the Islamic finance industry.

Learning Objectives

• Understand the fundamental principles and prohibitions in Islamic finance
• Analyze various Islamic banking products and their structures
• Evaluate risk management strategies specific to Islamic financial institutions
• Examine regulatory and Sharia compliance requirements in Islamic banking
• Apply Islamic finance concepts to real-world scenarios and case studies

Course Modules

Day 1: Introduction to Islamic Banking and Finance

• Principles of Islamic economics and finance
• Prohibitions: Riba, Gharar, and Maysir
• Evolution and current state of Islamic banking
• Comparison with conventional banking systems

Day 2: Islamic Banking Products and Services

• Mudarabah and Musharakah partnerships
• Murabaha and Ijarah contracts
• Sukuk structures and issuance
• Takaful (Islamic insurance) principles

Day 3: Risk Management in Islamic Finance

• Unique risks in Islamic banking
• Liquidity management techniques
• Credit risk assessment for Islamic products
• Market risk and profit rate risk management

Day 4: Regulatory Framework and Sharia Compliance

• Role of Sharia boards and scholars
• AAOIFI and IFSB standards
• Corporate governance in Islamic institutions
• Sharia audit and reporting requirements

Day 5: Islamic Finance in Practice

• Case studies of successful Islamic banks
• Islamic fintech and digital banking
• Challenges and opportunities in Islamic finance
• Future trends and innovations

Practical Wins for Participants

• Ability to structure Sharia-compliant financial products
• Enhanced risk management skills for Islamic banking operations
• Improved understanding of regulatory compliance in Islamic finance
• Practical knowledge to capitalize on Islamic finance market opportunities