Introduction

The "Islamic Finance and Shariah-Compliant Banking" course is designed to provide professionals with a comprehensive understanding of the principles and practices of Islamic finance. This course explores the intricacies of how financial services comply with Shariah law and covers modern banking practices within Islamic financial institutions. Over five days, participants will engage in a detailed curriculum that combines theoretical knowledge with practical insights into the Islamic finance industry.

• Gain a deep understanding of the fundamentals of Islamic finance.
• Learn about key Shariah principles that govern Islamic banking.
• Explore different Islamic financial products and their applications.
• Understand risk management in the context of Shariah compliance.
• Examine the regulatory environment for Islamic financial institutions.

Course Outlines

Day 1: Introduction to Islamic Finance

• Overview of Islamic finance and its historical context
• Core principles of Shariah-compliant finance
• Comparison between Islamic and conventional banking
• Role of Islamic finance in the global economy
• Introduction to the Quranic principles influencing Islamic finance

Day 2: Islamic Banking Operations

• Structure and functions of Islamic banks
• Shariah Boards: Role and responsibilities
• Key financial statements and operations of Islamic banks
• Islamic contract law: An overview
• Islamic banking software and technological advancements

Day 3: Shariah-Compliant Financial Products

• Mudarabah and Musharakah: Joint venture models
• Murabaha: Cost-plus financing
• Ijarah: Leasing framework in Islamic finance
• Sukuk: Islamic equivalent of bonds
• Takaful: Islamic insurance principles

Day 4: Risk Management and Compliance

• Risk types in Islamic finance
• Managing credit risk in Shariah-compliant banking
• Liquidity management within Islamic banks
• Compliance strategies for Islamic financial institutions
• Case studies on risk management in Islamic finance

Day 5: Regulatory Environment and Future Trends

• Regulatory frameworks for Islamic banking
• Role of international bodies in standardization
• Challenges facing the Islamic finance industry
• Emerging trends and innovations in Islamic finance
• The future of Islamic banking and financial technology