Course description
Islamic finance and banking is a financial system that operates according to Islamic law (which is called sharia) and is, therefore, sharia-compliant. Just like conventional financial systems, Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies. However, these entities are governed both by Islamic law and the finance industry rules and regulations that apply to their conventional counterparts.
In order to respond to the growing needs for capacity building in the Islamic Banking and Finance industry, London premier centre offers a short training programme for professionals in the banking and finance sector.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Islamic Banking – Functions and Governance Course Ideal for:
- Those who wish to understand the main Islamic principles and concepts which relate to Islamic Banking and finance.
- Islamic Finance professionals
- Corporates and banks issuing Sukuk
- Islamic investors in Sukuk
Outcome / Qualification etc.
By attending this Islamic Banking – Functions and Governance Course, you will:
- Gain an understanding of the operations of Islamic banks
- Learn about the historical development of Islamic banking
- Understand the theoretical foundations of the institutionalisation of Islamic finance
- Get to grips with the functions, products and services and social utility linked with Islamic finance
- Gain an appreciation of governance and regulation
- Learn about the Shariah oversight and the supervisory boards
- Explore the reputation management of the functions and governance within Islamic banks
Training Course Content
Day 1
Islamic Banks in the Context
- The theoretical foundation of the institutionalisation of Islamic finance
- The historical development of Islamic banking
- The core objectives of Islamic banking
- The conceptual difficulty of banking without riba
- Business models – the bank model versus the non-bank model
- Business lines – retail banks versus wholesale/investment banks
- Surviving in a non-Islamic environment
- The attitude of regulators – Muslim and non-Muslim
- Competing alongside conventional banks
- Liquidity management issues
Day 2
Functions
Products and Services
- Deposits
- Trade finance
- Corporate finance
- Agriculture
- Consumer
- Treasury
Day 3
Balance Sheet
- Asset side
- Liability side
- Accounting peculiarities
Social Utility
- Economic distinction?
- Qard (interest-free loan)
- Charity
- Zakat (religious tax)
Day 4
Governance
Regulation
- Capital adequacy
- Risk management
- Reporting & disclosure
- Central bank support
Shariah Oversight
- Shariah supervisory boards, their role and purpose
- Shariah compliance departments and advisers
- Shariah auditors
- The view of English law on Shariah
- Reputation Management
Day 5
- Case study – Islamic Bank
- Conclusion
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...