Seminars Organization

Size: px
Start display at page:

Download "Seminars Organization"

Transcription

1 Seminars Organization Trainings/Seminars Title and Duration, please select the suitable by marking (x): No. Title Duration Hours Selection Exam. Yes No 1 The General Islamic Banking 3 days 15 hours 2 The Islamic Transactions Structure 3 days 15 hours 3 The Islamic International Trade Finance 4 The Islamic Documentation Structure 5 The Islamic Syndication Structure 6 Islamic Treasury Back Office Operation 7 Islamic Consumer Finance Transactions Process 8 Advanced Islamic Banking for Corporate Finance ** 4 days 20 hours 5 days 25 hours 4 days 20 hours 3 days 15 hours 3 days 15 hours 3 days 15 hours **Special Offering as required by the Islamic Bank. 1

2 Programs Timings with Three Options, please select the suitable by marking (x): No Hours Total Breaks Remarks Selection From To Hours 1 8:00 14: Coffee & Prayer each 30 minutes 2 8:00 17:00 7 ½ 2 Coffee & Prayer each 15 minutes & 1 hour for lunch. 3 17:00 21:00 3 ½ 1 Coffee & Prayer for 30 minutes 1 week prior notice. 1 week prior notice. 1 week prior notice. 4 Your choice Prerequisites Introduction to Islamic Banking or the relevant banking experience. Teaching Methodology & Structure All seminars/workshops will be conducted using a variety of learning aids including Power Point/PDF Slides presentation, Lectures, Group Discussions & Problem Solving Sessions, Case Studies, Quizzes and workshop to illustrate clearly the key points to be learned by the participants. Languages English and some of the Fatwa in Arabic with English translation. 2

3 Seminars Outlines & Contents 1. General Islamic Banking Seminar Introduction The 15 hours program will cover: 1. The historical information and background of Islamic Banking. 2. Shari a basis & Scheme of Shari a Laws. 3. General Principles of Islamic Banking System IBS. 4. Problems Faced by the Islamic Banks 5. Basic differences between Islamic Banks and Conventional Banks. 6. Glossary terms / terminologies of Islamic banks. 7. Definition & type of Islamic Mode of Finance. 8. Translation of Islamic Mode of Finance into Credit Application and Terms sheet used by the Islamic bank. 9. Difference between Islamic versus Conventional banks in terms of definitions of products & treatment of accounting and books. 10. The rules of contracts (The SIX Cs ). Explain the Fatwas & AAOIFI standards relating to Islamic Finance. Objectives On completion of this program participants will be expected to understand the history of Islamic banking, development of Islamic banking system, Islamic scheme of life and Shari a framework, Islam imposes its "ahkam" (laws), Shari a basis of Islamic banking laws and Islamic Jurisprudence. Who should attend the seminar? This is an introduction to Islamic Banking training program designed to give delegates a detailed history understanding of Islamic Banking. The training program is one of the very few events focusing exclusively on the 3

4 1. General Islamic Banking Seminar history, definition of 6 Islamic Financing Products and the translation of those products into a term sheets Credit Application used by any bank. The course is a must-attend for players who have joined Islamic bank come from the conventional bank and lacking the basic knowledge of Islamic banking. The seminar is specifically targeted at: Front Lines staff Corporate and Commercial Bankers Analysts Government officials Regulators Credit & Marketing Officers, Auditors & Legal Affairs Managers, Officers and staff working in Credit administration, Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Beginners & Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 4

5 2. Islamic Transactions Structure Seminar Introduction This three-day (15 hours) intensive course will explain the structure of Islamic Financing Transactions, definitions, Shari a aspects and work process. We will also expand our cycle in the Islamic Products mechanism with special emphasis the structure of transactions, practical steps process by the Islamic bank, Shari a standards, responsibilities of parties i.e. buyer seller & lessor lessee etc.. The participants will also understand the Islamic Financing Requirements with special emphasis on the structure of the Islamic Financing Transactions. Objectives This course focuses on the structuring of transactions and provides the delegate with the Shari a concept of Islamic structuring for their clients' requirements. The delegate will be able to identify the risks involved for the transaction structure from the Shari a principles and how to mitigate these risks through compliance with the Shari a rules. On completion of this program participants will be expected to understand the Shari a Law & Business in terms of how to handle the structure of each transaction concentrating on translate each product into a facility terms sheet. Program Contents During the period of the course we intend to cover the following topics: 1. The Islamic Banking; definitions and background. Shari a basis & Scheme of Shari a Laws. General Principles of Islamic Banking System IBS. 2. Shari a is the better way to bank Examples of Riba Transactions, requirements of valid sale contract. 5

6 2. Islamic Transactions Structure Seminar 3. Glossary terms / terminologies of Islamic banks. 4. The definitions, structure, Shari a aspects and operation of six products for Islamic Mode of Finance such as Mudaraba, Murabaha (Business Murabaha), Musharaka, Ijara & Ijara Wa Iqtina (Operational & Financial), Bai Al Salam and Istisna'a. We will also review Tawarruq finance transaction process by the Islamic Bank. 5. The Practical Steps for Islamic Transactions Structure. 6. The client's requirements & transactions structuring process by the Islamic Bank. 7. Explain the FATWA's issued by the Religious Supervisory Board of the bank "Shamil Bank" in respect of Islamic structure transactions. 8. Explain some Shari a Standards AAOIFI related to structure of transactions. 9. Translation of Islamic Mode of Finance into terms sheet used by the Islamic bank. 10. The basic blocks for the Islamic Finance structure transactions. 11. The difference between Islamic versus Conventional banks in terms of definitions of products & structuring of transactions. 12. The rules of contracts (The SIX Cs ) for the Islamic Transaction Structure. Who should attend the course? This training programme designed to give delegates a detailed understanding of Islamic Finance transactions. The course is one of the very few events focusing exclusively on the Islamic transactions structure who will benefit & expand knowledge of professionals already involved with Islamic finance transactions. The course will present practical ways for senior officers working in the 6

7 2. Islamic Transactions Structure Seminar below mentioned areas and I expect participants to have a good knowledge or background in the various areas stipulated above: The course is specifically targeted at: Corporate and Commercial Bankers Investment Bankers Central bankers Analysts Government officials Regulators Credit & Marketing Officers and Front Line staff, Compliance professionals, Auditors & Legal Affaires Managers, Operational Risk Officers and staff working in Credit administration, Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 7

8 3. Islamic International Trade Finance Seminar Introduction This four-day (20 hours) intensive program will cover: 1. Basic Introduction to Definition of Islamic Finance Products, 2. Islamic Banking Related to Trade Finance such as Contract Al Wakalah/Agency, Letter of Guarantees, comparisons between Islamic versus conventional products, 3. Credit Application with terms for each facilities, 4. All type of Letters of Credit and the way of handling the same by the Islamic Bank, definitions, requirements, structure and process mechanism, common discrepancies and calculation of commission and charges, 5. Recording of the Islamic Accounting Entries, delay compensation for late payment, early settlement with cash gift and charge of break cost and, 6. FATWA's issued by the Religious Supervisory Board of the "Shamil Bank". 7. Explain some Shari a Standards AAOIFI Rules for Islamic Banks related to Trade Finance. Objectives The course will cover definition and type of all Letters of Credit and the actual practice for booking the Islamic Accounting Entries for Financing Transactions such as Murabaha, Musharaka, Ijara Wa Iqtina, Month-end Accruals of Profit. Recoveries and recovery of Installments with delay compensation for late payment, Prepayment of Installment Mechanism and calculation of Profit with refund of cash gift to client against charge of break-cost. 8

9 3. Islamic International Trade Finance Seminar On completion of this program participants will be expected to be able to identify the risks involved in such Islamic Financing and how to mitigate these risks through the use of Letter of Credit and compliance with the UCP rules. Understand the required shipping documents under the Islamic Mode of Finance such as Murabaha Letter of Credit. The program introduces participants to the Shari a concept of Islamic structuring for their clients' credit facilities and will have developed an understanding of the accounting techniques. Program Contents: 1. Islamic Banking Related to Trade Finance. 2. Letter of Credit and associated to Islamic Products with definitions and features. 3. Letter of Guarantees definition and type of guarantee. 4. Features of Al-Wakalah "Agency". General Principles of Islamic Banking. 5. Comparisons between Financing by Islamic Bank versus Conventional and Type of Financing Documents. 6. The Credit Application for Credit Proposals. Credit Facilities Structuring. 7. Terms & Condition for each financing facility. Explain the Fatwas with English translation. Explain some Shari a Standards AAOIFI Rules for Islamic Banks related to Trade Finance. 8. Definitions & Type of Letters of Credit {Seller & Buyer}. Irrevocable Letters of Credit. Confirmed Irrevocable Letters of Credit. Transferable and Red Clause. Requirements under Letters of Credit. Time for Payment under Letters of Credit. Fatwa for Red Clause Letter of Credit. 9

10 3. Islamic International Trade Finance Seminar 9. The Process Mechanism of Letters of Credit: Straight Letter of Credit. Back-to-Back Letter of Credit. Rules of Issuing Bank prior accepting Back-to-Back L/C. Definitions of Trade Terms and responsibilities of Buyer versus Seller. Definitions of UCP Articles relating to Islamic Transactions. 10. Guidelines to Checking Documents under Letters of Credit. Most Common Discrepancies in International Trade Finance. Check-lists for Letter of Credit Application. Identifying discrepancies in the Murabaha L/C. Definitions of the Discrepancies. Identifying the responsibilities against the Trade Terms. 11. Comparison between LC & Collections Documents. 12. Discrepant Documents and Islamic Bank Responses with parties. 13. Other Matters; Cancellation of LC, Shipping Guarantee & Goods defect. 14. Commission / Charges & Type of Reimbursement Clauses. Calculation of L/C commission by Conventional banks versus Islamic. 15. Negotiation of Documents. 16. Review of LC Application, Swift message of LC Opening MT700. Review of Shipping Documents. 17. Islamic Accounting Entries for L/C transactions & Calculations Illustrative Example of Murabaha Financed L/C}: Issuance of L/C, Amendment under L/C, Negotiation of Documents & Reimbursement, Calculation of Murabaha profit & end-of-month accruals of profits, Recovery of Murabaha, Recovery of Murabaha with delay compensation, Pre-payment of Murabaha Installments. New booking of Entries for Lease and Musharaka. End-of-month accruals. Recovery of Lease/Musharaka Installment. 18. Real Case Study "Murabaha L/C Transaction" Preparation of External Purchase Order Application & Identifying Discrepancies in the Shipping Documents. 10

11 3. Islamic International Trade Finance Seminar 19. Case Studies 1, 2 and 3 Preparation & working in group. Identification the discrepancies in the shipping documents. Definitions of the Discrepancies. Identify the responsibilities of parties Buyer versus Seller. Who should attend the seminar? This is a comprehensive training programme designed to give delegates a detailed understanding of Islamic Trade Finance. The seminar is one of the very few events focusing exclusively on the Islamic Trade Finance and is a must-attend for players across the entire trade finance field spectrum including both Islamic and conventional banks. The programme will benefit professionals already involved with Islamic trade finance, as well as those new to the market. The seminar will present practical ways for senior officers working in the below mentioned areas and I expect participants to have a good knowledge or background in the various areas stipulated above: The seminar is specifically targeted at: Corporate and Commercial Bankers Analysts Government officials Regulators Credit & Marketing Officers and Front Line staff, Compliance professionals, Auditors & Legal Affaires Managers, Operational Risk Officers and staff working in Credit administration, Staff working in Shari a Department. Trade Finance Officers & Staff in Banking Operations & Middle Office, 11

12 3. Islamic International Trade Finance Seminar Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 12

13 4. Islamic Documentation Structure Workshop Introduction This five-day (25 hours) intensive seminar will explain the type of Islamic Financing Products, definitions, Shari a aspects and work process. We will also expand our cycle in the Islamic Products mechanism with special emphasis the structure of facilities, documentation and operation. The participants will also understand the Islamic Financing Requirements for contract business with special emphasis on the preparation and execution of the Islamic Documentation. Objectives This unique training workshop addresses the fundamental causes of compliance while preparing the documentation and provides the delegate with the Shari a concept of Islamic structuring covering the security documents for their clients' credit. The delegate will be able to identify the risks involved if the documents not prepared properly from the legal point for such Islamic Financing and how to mitigate these risks through obtaining proper documentation for the financing transaction. On completion of this program participants will be expected to understand the required Security Documentation to secure the bank interest against the financing facility granted to the client as per the approved terms and conditions by the bank. Also suggest to the Business Unit(s) what would be the required documents for the Islamic Financing Product(s). Program Contents During the period of the seminar we intend to cover the following topics: 13

14 4. Islamic Documentation Structure Workshop 1. The type, definitions, Shari a aspects and operation of six products for Islamic Mode of Finance such as Mudaraba, Murabaha (Business Murabaha), Musharaka, Ijara & Ijara Wa Iqtina (Operational & Financial), Bai Al Salam and Istisna'a. 2. Tawarruq finance transaction process by the Islamic Bank. 3. The Practical Steps for Islamic Financing Products. 4. The Credit Proposal, Approval & Disbursement Process. 5. The preparation of Security Documentation and execution of the same by both parties [bank versus client] until release of facilities to Operations Division for availment by the client. 6. The client's requirements & transactions structuring process by the Islamic Bank. 7. Explain the FATWA's issued by the Religious Supervisory Board of the bank "Shamil Bank" in respect of handling Islamic Products and implementation of the same by operation division in the bank. 8. Explain some Shari a Standards AAOIFI related to documentary credits. 9. A General Guidelines on Process of Handling Transactions by Islamic Bank. Bank's Policy & Procedure Compliance. 10. The Documentation Work-shop will commence on the fourth day and till the last day of the course. Who should attend the seminar? This is a comprehensive training programme designed to give delegates a detailed understanding of Islamic Finance. The seminar is one of the very few events focusing exclusively on the Islamic Finance and is a must-attend for players across the entire finance field spectrum including both Islamic and conventional banks and project financiers. The programme will benefit professionals already involved with Islamic finance, as well as those new to the market. 14

15 4. Islamic Documentation Structure Workshop The seminar will present practical ways for senior officers working in the below mentioned areas and I expect participants to have a good knowledge or background in the various areas stipulated above: The seminar is specifically targeted at: Corporate and Commercial Bankers Investment Bankers Central bankers Analysts Government officials Regulators Credit & Marketing Officers and Front Line staff, Compliance professionals, Auditors & Legal Affaires Managers, Operational Risk Officers and staff working in Credit administration, Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 15

16 5. Islamic Syndication Structure Seminar Objectives This seminar introduces participants to the concept of structuring their clients credit facilities to meet specific needs. This unique training workshop addresses the fundamental causes of compliance while structuring syndicated facilities and preparing the documentation to provides the delegate with the Shari a concept of Islamic structuring covering the security documents. Will enable the participants to recognize and suggest appropriate structures for clients credit requirements. Understand the steps handled by the Islamic Bank for processing the syndication transaction and the required Security Documentation to secure the participant banks interest. Program Contents This four-day (20 hours) intensive program will cover the following topics: 1. Basic Introduction to the six products for Islamic Mode of Finance such as Mudaraba, Murabaha, Musharaka, Ijara & Ijara Wa Iqtina (Operational & Financial), Bai Al Salam and Istisna'a. 2. The Financing Syndicated Documentation; definition, features, parties, amount, currency, purpose, term/maturity, repayment, pricing/rate fixing, documentation/security, sources/availability and example of use. 3. Comparisons of Syndicated Transaction between Islamic versus conventional bank. 4. The Credit Application for structuring of the Syndicated Financing Facility. 5. The Program introduces participants to the Shari a concept of Islamic syndicated structuring for their clients' credit facility. 16

17 5. Islamic Syndication Structure Seminar 6. The preparation of Syndicated Documentation and execution of the same by both parties [bank/participants versus client] until release of facilities and disbursement of fund by the Operations Division. 7. Explain the FATWA's in respect of Syndication Transaction issued by the Religious Supervisory Board of the bank "Shamil Bank". 8. Review the Shari a Standards AAOIFI Rules for Islamic Banks related to Syndicated Financing Transaction. Who should attend the seminar? This workshop will present practical ways for those seniors involved in the areas of Credit & Marketing, Risk Management, Syndication Dept, Operations, Audit, Legal Affairs and Middle Office. The delegate will be able to identify the risks involved if the documents not prepared properly from the legal point for such Islamic Financing and how to mitigate these risks through obtaining proper documentation for the syndication transaction. The seminar will present practical ways for senior officers working in the below mentioned areas and I expect participants to have a good knowledge or background in the various areas stipulated above: The seminar is specifically targeted at: Corporate and Commercial Bankers Analysts Syndication Agency Dept. Government Officials Regulators Credit & Marketing Officers and Front Line staff, Compliance professionals, Auditors & Legal Affairs Managers, Operational Risk Officers and staff working in Credit administration, 17

18 5. Islamic Syndication Structure Seminar Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Bankers, whom their bank willing to convert to Islamic Window/Bank. END 18

19 6. Islamic Treasury Back Office Operation Seminar for Commodity Murabaha, Foreign Exchange & Remittances. Introduction This 15 hours program will cover: Commodity Murabaha is one of the most commonly used products in Islamic banking for liquidity management. It involves the purchase and sale of metals mainly through the London Metal Exchange (LME). All traded commodities should comply with Shari a requirements. Commodity Murabaha is an Islamic Bank invest fund on deferred payment for future return with other financial institution through buy & sell of Shari'a compliant commodity such as Platinum, Palladium, Metal, Copper Grade, Aluminum etc, or any acceptable commodity from Shari'a point view. The Foreign Exchange transaction is another type the Islamic Bank handles to cover their nostro accounts for their needs plus coverage for payment under the international trade finance. The procedures for this type of transactions shall comply with the Shari'a principles and directives of Shari'a supervisory board of the bank. Fund Transfers and Receipts; Operations is also involved in a remittances of payments and receipts, through a range of different channels, every day. The Islamic Bank uses SWIFT as its primary medium for fund transfers, however, in certain circumstances payments 19

20 6. Islamic Treasury Back Office Operation Seminar for Commodity Murabaha, Foreign Exchange & Remittances. may be made through bank transfers or cheques. The Bank receives funds mainly through bank transfers and by cheque. Objectives This course focuses on the structuring of Commodity Murabaha & Foreign Exchange Transactions which will provides the participants with the Shari a concept of Islamic structuring and operation process by the Islamic Bank. The delegate will be able to identify the risks if the transaction is not accommodated in a timely manner with the account party as per the Shari a principles and how to mitigate these risks through compliance with the Shari a rules. Program Contents During the period of the course we intend to cover the following topics: 1. The Islamic Banking; Introduction & General Principles of Islamic Banking. Shari a Basis & Compliance. Basic Blocks of Islamic Finance. Islamic Finance Contracts & Prohibition of Interest. 2. Involvement of Treasury Back-office by providing backend operations support to Treasury Unit for money market & treasury products such as Commodity Murabaha, Foreign Exchange and Remittances transactions as Back-office Treasury Operation. 20

21 6. Islamic Treasury Back Office Operation Seminar for Commodity Murabaha, Foreign Exchange & Remittances. 3. Processing of Murabaha, Reverse Murabaha, Wekala, and Foreign Exchange deal tickets originated from the Dealing Room, 4. Execution of Commodity Murabaha schedules, 5. Execution all types of remittances / payments in a timely manner. 6. Monitoring daily positions of bank s Nostros. 7. Safe custody of documents. Who should attend the seminar? This is an operational Islamic Banking training program designed to give delegates how the Islamic Bank handles the process of back office operation. The training program is one of the very few events focusing exclusively on the reality operation process of the treasury back office. The program will present practical ways for joiner staff and senior officers working in the below mentioned areas. The seminar is specifically targeted at: Treasury Front Lines staff Treasury Back-office staff Staff working in Financial Institutions Staff working in Middle Office Credit & Marketing Officers Auditors Officers and staff working in Operation Division Staff working in Shari a Department. 21

22 6. Islamic Treasury Back Office Operation Seminar for Commodity Murabaha, Foreign Exchange & Remittances. Beginners & Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 22

23 دورة عن تطبيقات عمليات التمويل اإلسالمي لإلفراد/المستهلكين 7. Islamic Consumer Finance Transactions Process Course Introduction This is 3 days of 15 hours program will cover: Definition & Development of Islamic Banking. Shari a basis & Scheme of Shari a Laws. General Principles of Islamic Banking System IBS. Examples of transactions in unethical goods and services. Examples of Riba transactions and forbidden (Haram) Projects. Requirements & conditions of Valid Sale Contract. Wakalah Contract & features Glossary terms / terminologies of Islamic banks. Definition & type of Islamic Mode of Finance for Retail (Consumer Finance). Translation of Islamic Mode of Finance into a Terms sheet used by the Islamic bank. Definition of Consumer Finance Customer. Identify the needs? Explain to him/her the products suitable for his/her needs/item/project, then select the appropriate type of finance. Assess the requirements; crunch the numbers, how much he/she needs?, is the amount sufficient? Determine the customer financial capacity??, has he/she sufficient resources of income to repay the finance..etc? 23

24 دورة عن تطبيقات عمليات التمويل اإلسالمي لإلفراد/المستهلكين 7. Islamic Consumer Finance Transactions Process Course Policy & Procedure (Criteria) for Consumer Finance Customers. Practical Steps for transactions process under consumer finance to comply with Shari a principles in terms of structure, documents required and steps. The basic blocks of the Islamic Finance, Shari a the better way to bank, type of Islamic Financing Products, definitions, Shari a aspects and work process. We will also expand our cycle in the Islamic Products mechanism with special emphasis the structure of each facility. The participants will understand the difference between Islamic versus Conventional banks in terms of definitions of products & treatment of transactions processes. The rules of contracts (The SIX Cs ). Explain the Fatwas & AAOIFI standards relating to Islamic Finance. Objectives On completion of this program participants will be expected to understand the practical ways for those staff responsible for consumer finance and how to handle the retail consumer finance transactions from the time requests by the client till final repayment or default for any reason. They will also understand the system & development of Islamic banking, Islamic scheme of life and Shari a framework, Islam imposes its "ahkam" (laws), Shari a basis of Islamic banking laws and Islamic Jurisprudence. 24

25 دورة عن تطبيقات عمليات التمويل اإلسالمي لإلفراد/المستهلكين 7. Islamic Consumer Finance Transactions Process Course The delegate will understand the basic requirements by Islamic banks particularly Shari a aspects versus bank requirements and the basic differences between Islamic Bank and Conventional Bank. Program Contents During the course participants will be guided through the following important situations and upon completion will be able to understand the practical ways practiced by Islamic Bank for Retail Consumer Finance Transactions Process: 1. The definition & development of Islamic Banking. 2. The type, definitions, Shari a aspects and operation of five (5) most prevalent for Islamic Consumer Finance Products such as: Murabaha, Musharaka, Ijara & Ijara Wa Iqtina (Operational & Financial), Istisna'a and Tawarruq. 3. Translation of Islamic Mode of Finance into a Terms Sheet - Facility Documentation - Credit Facilities Structuring - Terms & condition for each facility. The Approval Process by the Islamic Bank. 4. Definition of Consumer Finance Customer. Identify the needs? Explain to him/her the products suitable for his/her needs/item/project, then select the appropriate type of finance. Assess the requirements; crunch the numbers, how much he/she needs? is the amount sufficient? determine the customer financial capacity?? has he/she sufficient resources of income to repay the finance..etc? 25

26 دورة عن تطبيقات عمليات التمويل اإلسالمي لإلفراد/المستهلكين 7. Islamic Consumer Finance Transactions Process Course 5. Explain the FATWA's issued by the Religious Supervisory Board of the bank "Ithmaar Bank" in respect of handling Islamic Products and implementation of the same by operation division in the bank. 6. Explain some Shari a Standards AAOIFI related to Islamic Finance. 7. The difference between Islamic versus Conventional bank in terms of definitions of products. 8. Policy & Procedure (Criteria) for Retail Consumer Finance Customers. 9. Practical Steps for transactions process to comply with Shari a principles in terms of structure and documents required. Who should attend the seminar? This course intended for Retail (Consumer) Finance Clients. The program designed to give delegates a detailed understanding of a Retail (Consumer) Finance Transactions Process. The training program is one of the very few events focusing exclusively on the definition of 5 Islamic Financing Products and the translation of those products into a term sheets used by the Islamic bank. The course is a must-attend for players who have joined Islamic bank needs improve their understanding in this field or come from the conventional bank and lacking the basic knowledge of Islamic banking in particular the Retail Consumer. 26

27 دورة عن تطبيقات عمليات التمويل اإلسالمي لإلفراد/المستهلكين 7. Islamic Consumer Finance Transactions Process Course The course will present practical ways for joiner staff and senior officers working in the below mentioned areas. The course is specifically targeted at: Front Lines staff Retail (Consumer) Finance Staff in Commercial Banks. Regulators Credit & Marketing Officers, Auditors & Legal Affairs Staff to understand the process. Officers and staff working in Credit administration, Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Beginners & Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking. END 27

28 8. Advanced Islamic Banking For Corporate Finance Seminar Introduction This 15 hours intensive program will cover: The historical information of Islamic Banking. Shari a is a better way to banking... Basic differences between Islamic Banks and Conventional Banks. Basic Introduction to Islamic Mode of Finance (6 Products). Translation of Islamic Mode of Finance into Credit Application/terms sheet used by the Islamic bank. The Credit Application for structuring of Islamic Financing Facilities. The Security Documentation Support for Islamic Financing Facilities. The client's requirements & transactions structuring process by the Islamic Bank. Islamic International Trade Finance such as Contract Al Wakalah/Agency, comparisons between Islamic versus conventional products. FATWA's issued by the Religious Supervisory Board of the "Shamil Bank". Explain some Shari a Standards AAOIFI Rules for Islamic Banks related to Corporate Finance. A General Guidelines on Approval Process of Transactions by Islamic Bank. 28

29 8. Advanced Islamic Banking For Corporate Finance Seminar Objectives This unique intensive training seminar addresses the fundamental causes of compliance to the concept of structuring clients credit facilities to meet their financing needs and provides the delegate with the Shari a concept of Islamic structuring covering the security documents for their clients' credit. The delegate will be able to identify the risks involved in the transactions structuring for such Islamic Financing and how to mitigate these risks through obtaining proper supported security documentation for the financing transactions. Program Contents During the period of the seminar we intend to cover the following topics: 1. The history of Islamic Banking. 2. The basic introduction of six products for Islamic Mode of Finance such as Mudaraba, Murabaha (Business Murabaha), Musharaka, Ijara & Ijara Wa Iqtina (Operational & Financial), Bai Al Salam and Istisna'a. 3. The Credit Application/Terms Sheet for the financing facilities including trade & syndication along-with Security Documentation for each facility. 4. The client's requirements & transactions structuring process by the Islamic Bank. 5. Explain the FATWA's issued by the Religious Supervisory Board of the bank "Shamil Bank" in respect of handling Islamic Products. 29

30 8. Advanced Islamic Banking For Corporate Finance Seminar 6. Highlight some Shari a Standards AAOIFI related to corporate finance. 7. A General Guidelines on Approval Process of Transactions by Islamic Bank. Who should attend the seminar? This is an advanced training programme designed to give delegates a detailed understanding of Islamic Finance Requirements & Structuring. The seminar is one of the very few events focusing exclusively on the Islamic Finance and is a must-attend for players across the entire finance field spectrum including both Islamic and conventional banks and project financiers. The programme will benefit professionals already involved with Islamic finance, as well as those new to the market. The seminar will present practical ways for senior officers working in the below mentioned areas and I expect participants to have a good knowledge & experience in the various areas stipulated above: The seminar is specifically targeted at: Corporate and Commercial Bankers Investment Bankers Central bankers Analysts Government officials Regulators Credit & Marketing Officers and Front Line staff, Compliance professionals, Auditors & Legal Affaires Managers, 30

31 8. Advanced Islamic Banking For Corporate Finance Seminar Operational Risk Officers and staff working in Credit administration, Staff working in Shari a Department. Officers & Staff in Banking Operations & Middle Office, Bankers, whom their bank willing to convert to Islamic Window/Bank. Universities Students and Professionals who needs to study or write about Islamic Banking END 31

List of Figures. List of Tables. Acknowledgements. About the Author. About the Website

List of Figures. List of Tables. Acknowledgements. About the Author. About the Website Contents List of Figures List of Tables Acknowledgements About the Author Preface About the Website CHAPTER 1 Introduction to Islamic Finance and Islamic Economics 1 Introduction 1 Creation of Money and

More information

The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance.

The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance. The Islamic Finance Qualification (IFQ) expands upon knowledge gained from the Fundamentals of Islamic Banking and Finance. It is a global qualification that covers Islamic finance from both a technical

More information

Case Studies in Islamic _ Banking and Finance _

Case Studies in Islamic _ Banking and Finance _ Case Studies in Islamic _ Banking and Finance _ Case Questions & Answers Brian Kettell A John Wiley and Sons, Ltd., Publication Preface Introduction About the Author xiii xvii xxiii 1 Case Study 1: Ijara

More information

Contracts and Transactions under Islamic Law

Contracts and Transactions under Islamic Law Contracts and Transactions under Islamic Law Understand key issues in Finance, Trade and Investment Contracts Understanding Islamic contracts: structuring and legal issues 17-19 August, 2015, 9:00am 5:00pm

More information

Islamic Banking Foundation Course Information Pack

Islamic Banking Foundation Course Information Pack Islamic Finance Institute of Southern Africa FOUNDATION COURSE IN ISLAMIC BANKING 4 Month Part-Time via Distance Learning Course Semesters : The 4 month Foundation Course in Islamic Banking takes place

More information

Challenges in Islamic Finance

Challenges in Islamic Finance Challenges in Islamic Finance Dr. Ahmet Sekreter Business and Management Department, Ishik University, Erbil, Iraq Email: ahmet.sekreter@ishik.edu.iq Abstract Doi:10.23918/icabep2018p29 The growth of Islamic

More information

Practice of Islamic Banking & Finance

Practice of Islamic Banking & Finance Practice of Islamic Banking & Finance The ifs School of Finance is a not-for-profit professional body and registered charity, incorporated by Royal Charter. ifs School of Finance ifs School of Finance

More information

Peddling Religion? What is Islamic Finance? & Should we support it?

Peddling Religion? What is Islamic Finance? & Should we support it? Peddling Religion? What is Islamic Finance? & Should we support it? Mahmoud A. El-Gamal Rice University Is there an Islamic Finance? All financial products available today are suspect : Mortgages, and

More information

THEORY AND PRACTICE OF MODERN ISLAMIC FINANCE

THEORY AND PRACTICE OF MODERN ISLAMIC FINANCE THEORY AND PRACTICE OF MODERN ISLAMIC FINANCE THE CASE ANALYSIS FROM AUSTRALIA ABU UMAR FARUQ AHMAD BrownWalker Press Boca Raton TABLE OF CONTENTS About the Author What's in this Book Acknowledgements

More information

Recent Developments front. Asia and the Middle East IMAM WAHYUDI FENNY ROSMANITA NIKEN IWANI SURYA PUTRI

Recent Developments front. Asia and the Middle East IMAM WAHYUDI FENNY ROSMANITA NIKEN IWANI SURYA PUTRI Recent Developments front Asia and the Middle East IMAM WAHYUDI FENNY ROSMANITA MUHAMMAD BUDI PRASETYO NIKEN IWANI SURYA PUTRI WILEY Contents Preface Acknowledgments flbout the Authors List of Acronyms

More information

Islamic Capital Markets

Islamic Capital Markets B 374310 i. f Chapter 1. Muslim beliefs 19 Five pillars of faith 20 1. Profession of Faith 21 2. Five Daily Prayers 21 3. lakat or almsgiving.:.. 22 4. Sawm or fasting 22 5. Pilgrimage to Mecca 22 Six

More information

ISLAMIC FINANCE PROGRAMMES

ISLAMIC FINANCE PROGRAMMES ISLAMIC FINANCE PROGRAMMES BANKING ACCOUNTING & FINANCE ISLAMIC FINANCE IT & PROJECT MANAGEMENT INSURANCE LEADERSHIP & MANAGEMENT EXECUTIVE LEADERSHIP ACADEMIC STUDIES ABOUT The BIBF is a semi-government

More information

Lahore University of Management Sciences

Lahore University of Management Sciences Instructor Room No. Office Hours Email Telephone Secretary/TA TA Office Hours Course URL (if any) FINN 441 Islamic Banking and Finance Fall Semester 2016 Syed Aun Raza Rizvi/Saad Azmat saad.azmat@lums.edu.pk

More information

Lahore University of Management Sciences. FINN 441 Islamic Banking and Finance Fall Semester 2014

Lahore University of Management Sciences. FINN 441 Islamic Banking and Finance Fall Semester 2014 FINN 441 Islamic Banking and Finance Fall Semester 2014 Instructor Dr. Saad Azmat Room No. SDSB-413 Office Hours Tuesday & Thursday (4:15-5:15) Other times by appointment only Email saad.azmat@lums.edu.pk

More information

ww.fidfinvest.com Islamic Finance an Introduction

ww.fidfinvest.com Islamic Finance an Introduction Islamic Finance an Introduction Islamic a word, which nowadays puts many people on alert, in particular, those who regularly watch certain media, and thus develop a kind of what is called Islamophobia

More information

w w w.a ims.edu cation 1

w w w.a ims.edu cation 1 1 Master Diploma in Islamic Finance Program Structure: MDIF is a two part program, and courses are divided into two semesters. Certified Islamic Finance Expert (CIFE) is awarded on completion of Semester-I

More information

Diploma in Islamic Finance

Diploma in Islamic Finance Diploma in Islamic Finance A different prespective on global business by Institute of Cost & Management Accountants of Pakistan Catch the opportunity and take the lead. Introduction ICMA Pakistan has developed

More information

CERTIFICATE IN ISLAMIC BANKING AND FINANCE

CERTIFICATE IN ISLAMIC BANKING AND FINANCE CERTIFICATE IN ISLAMIC BANKING AND FINANCE INTRODUCTION Islamic Finance refers to the provision of financial services in accordance with the Shari ah Islamic law, principles and rules. Shari ah does not

More information

Destination! Center of Islamic Banking & Economics. Canada. Organized by October, Islmaic Banking & Finance Heading Towards.

Destination! Center of Islamic Banking & Economics. Canada. Organized by October, Islmaic Banking & Finance Heading Towards. Organized by Center of Islamic Banking & Economics 18-19 October, 2018 Canada Islmaic Banking & Finance Heading Towards New Destination! In Association With Ansar Financial Interest-Free Investments AlHuda

More information

The Islamic Banking and Finance Workbook

The Islamic Banking and Finance Workbook The Islamic Banking and Finance Workbook For other titles in the Wiley Finance Series please see www.wiley.com/finance The Islamic Banking and Finance Workbook Step-by-Step Exercises to Help You Master

More information

ISLAMIC BANKING & FINANCE INSTITUTE MALAYSIA

ISLAMIC BANKING & FINANCE INSTITUTE MALAYSIA ISLAMIC BANKING & FINANCE INSTITUTE MALAYSIA The information contained in this training calendar is correct at the time of publishing. IBFIM reserves the right to make alterations to the information contained

More information

Serving Muslim Clients. A very brief introduction to Islamic Finance

Serving Muslim Clients. A very brief introduction to Islamic Finance Serving Muslim Clients A very brief introduction to Islamic Finance History of Islamic finance Not New 1500 years of development. During Classical period, commerce flourished under Islamic commercial law.

More information

IQRA UNIVERSITY. Essentials of Islamic Finance Course Study Guide. Class Days: Wednesday and Saturday

IQRA UNIVERSITY. Essentials of Islamic Finance Course Study Guide. Class Days: Wednesday and Saturday IQRA UNIVERSITY IU Essentials of Islamic Finance Course Study Guide Class Days: Wednesday and Saturday Facilitator Irshad Ahmad Aijaz Email: Co Facilitator Talha Saleem Kapadia Email:

More information

Presentation Coverage

Presentation Coverage www.irti.org Presentation Coverage 1 IRTI Products and Services 2 Islamic Finance Sustainable Development 3 Benefits of Islamic Financial Institutions 4 Benefits of Sukuk Source: IRTI database Islamic

More information

GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN CHAPTER I PRELIMINARY

GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN CHAPTER I PRELIMINARY GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad the 2 nd November, 2018. S.R.O. 1318 (I)/2018.- In exercise of the powers conferred by sub-section (1) of section

More information

Islamic Finance Amendments Rules 2012

Islamic Finance Amendments Rules 2012 Islamic Finance Amendments Rules 2012 QFCRA Rules 2012-3 The Board of the Qatar Financial Centre Regulatory Authority makes the following rules under the Financial Services Regulations. Dated 19 December

More information

GLOBALISATION AND ISLAMIC FINANCE

GLOBALISATION AND ISLAMIC FINANCE GLOBALISATION AND ISLAMIC FINANCE Session 1 Academic Training Programme - 2018 Dr. Salah Alhammadi Assistant Professor (Lecturer) in Islamic Economics and Finance s.alhammadi@almcollege.org.uk OUTLINE

More information

RECOVERY & DISPUTE RESOLUTION FOR ISLAMIC FINANCE FACILITIES

RECOVERY & DISPUTE RESOLUTION FOR ISLAMIC FINANCE FACILITIES RECOVERY & DISPUTE RESOLUTION FOR ISLAMIC FINANCE FACILITIES 6 th - 7 th December 2017, Intercontinental, KUALA LUMPUR SIDC CPE - accredited: 10 CPE Points The Islamic finance industry faces the same fundamental

More information

The AEG is requested to: Provide guidance on the recommendations presented in paragraphs of the issues paper.

The AEG is requested to: Provide guidance on the recommendations presented in paragraphs of the issues paper. SNA/M1.17/5.1 11th Meeting of the Advisory Expert Group on National Accounts, 5-7 December 2017, New York, USA Agenda item: 5.1 Islamic finance in the national accounts Introduction The 10 th meeting of

More information

23 September, 2017, Manila - Philippine

23 September, 2017, Manila - Philippine 23 September, 2017, Manila - Philippine Registered with FAA as Training Provider ALHUDA CENTER OF ISLAMIC BANKING AND ECONOMICS AlHuda Center of Islamic Banking and Economics (CIBE) is a pioneer organization

More information

M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE

M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE M&SME ISLAMIC BANKING MASTERCLASS PACKAGEE Islamic banks have been operating in places such as Bahrain, Saudi Arabia, Malaysia, Dubai and some Western Countries

More information

th th July, 2018 Nairobi - Kenya

th th July, 2018 Nairobi - Kenya th th 27-28 July, 2018 Nairobi - Kenya www.alhudacibe.com CIBE ALHUDA CENTER OF ISLAMIC BANKING AND ECONOMICS AlHuda Center of Islamic Banking and Economics (CIBE) is a pioneer organization started its

More information

Customer satisfaction and awareness about Islamic banking system

Customer satisfaction and awareness about Islamic banking system Customer satisfaction and awareness about Islamic banking system Abstract Hassan Raza University of the Punjab,Gujranwala campus M.Azeem Azeem_pugc41@yahoo.com University of Sargodha, Gujranwala Campus

More information

Overview of Islamic Financial System and its Efficiency

Overview of Islamic Financial System and its Efficiency Overview of Islamic Financial System and its Efficiency Miad Nakhavali PhD Student of International Politics Faculty of Political Sciences, University of Belgrade, Serbia doi: 10.19044/esj.2017.v13n19p108

More information

Resolution of OIC Fiqh Academy (related to Islamic Economic and Finance) بسم هللا الرحمن الرحيم

Resolution of OIC Fiqh Academy (related to Islamic Economic and Finance) بسم هللا الرحمن الرحيم Islamic Economic Studies Vol. 22, No. 1, May, 2014 DOI No. 10.12816/0004141 Resolution of OIC Fiqh Academy (related to Islamic Economic and Finance) بسم هللا الرحمن الرحيم Resolution 188 (3/20) Completion

More information

AIDE MEMOIRE. for. ADFIMI UDBL Joint Workshop on Essentials of Islamic Banking. Serena Hotel, Kampala, Uganda

AIDE MEMOIRE. for. ADFIMI UDBL Joint Workshop on Essentials of Islamic Banking. Serena Hotel, Kampala, Uganda AIDE MEMOIRE for ADFIMI UDBL Joint Workshop on Essentials of Islamic Banking Serena Hotel, Kampala, Uganda 18 19 April 2017 Background: Uganda has recently passed legislation in order to develop Islamic

More information

Shariah Audit of Financial Institutions. August 26th - 27th, 2016 Lahore - Pakistan

Shariah Audit of Financial Institutions. August 26th - 27th, 2016 Lahore - Pakistan Shariah Audit of Financial Institutions August 26th - 27th, 2016 Lahore - Pakistan About Training Workshop: AlHuda CIBE, realizing the immense need of training on Shariah Audit in Lahore, Therefore, AlHuda

More information

Session 1. Overview of Islamic Finance

Session 1. Overview of Islamic Finance Session 1 Overview of Islamic Finance 1 Islam is a way of Life There are rules governing the many facets and aspects of life. AQIDAH (Faith & Beliefs) SHARIAH (Practices & Activities) AKHLAK (Moral & Ethics)

More information

Reviving the roots of Islamic economics & finance. Rice University

Reviving the roots of Islamic economics & finance. Rice University Reviving the roots of Islamic economics & finance Mahmoud Amin El-Gamal Rice University Muslims mental image of Islamic finance Qur an and Sunnah Ijma c (consensus) and Qiyas (analogy) Islamic Economists

More information

Islamic Microfinance an incredible tool to Alleviate Poverty!

Islamic Microfinance an incredible tool to Alleviate Poverty! Islamic Microfinance an incredible tool to Alleviate Poverty! AlHuda Center of Excellence in Islamic Microfinance is an initiative of AlHuda CIBE. AlHuda CIBE is a well established name in Islamic financial

More information

EMPIRICAL STUDY ON THE UNDERSTANDING OF SHARIAH REVIEW BY ISLAMIC BANKS IN MALAYSIA

EMPIRICAL STUDY ON THE UNDERSTANDING OF SHARIAH REVIEW BY ISLAMIC BANKS IN MALAYSIA EMPIRICAL STUDY ON THE UNDERSTANDING OF SHARIAH REVIEW BY ISLAMIC BANKS IN MALAYSIA Zariah Abu Samah&Rusni Hassan Abstract The key value proposition offered by Islamic banking and finance is an end-to-end

More information

How Islamic is Islamic finance

How Islamic is Islamic finance How Islamic is Islamic finance Outline Economic frameworks Islam and capitalism Fundamental Shari prohibitions in business Brief history and development of Islamic finance Three Islamic finance products

More information

THE TRANSFORMATION OF ISLAMIC LAW IN GLOBAL FINANCIAL MARKETS JONATHAN G. ERCANBRACK

THE TRANSFORMATION OF ISLAMIC LAW IN GLOBAL FINANCIAL MARKETS JONATHAN G. ERCANBRACK THE TRANSFORMATION OF ISLAMIC LAW IN GLOBAL FINANCIAL MARKETS JONATHAN G. ERCANBRACK lgg CAMBRIDGE UNIVERSITY PRESS Acknowledgements x Table ofcases and legislation List of abbreviations xviii Arabic-Englishglossary

More information

Program Brochure. Master Diploma. Islamic Finance. Develope Your Skills to Design Islamic Financial Services.

Program Brochure. Master Diploma. Islamic Finance. Develope Your Skills to Design Islamic Financial Services. Program Brochure Master Diploma Islamic Finance Develope Your Skills to Design Islamic Financial Services www.aims.education MDIF Program Overview Master Diploma in Islamic Finance (MDIF) is an advanced

More information

ISLAMIC BUSINESS LAW AND COMMERCE

ISLAMIC BUSINESS LAW AND COMMERCE ISLAMIC BUSINESS LAW AND COMMERCE 1. Religions leader in Muslim community is known as a. The mufti b.the sheikh c. The imam d. The Muezth 2. Which of the following is not an Islamic contact a. Amanah b.

More information

8th Azerbaijan Micro-finance Conference 2 Days Post Event Training Workshop on. Islamic Finance

8th Azerbaijan Micro-finance Conference 2 Days Post Event Training Workshop on. Islamic Finance 8th Azerbaijan Micro-finance Conference 2 Days Post Event Training Workshop on Islamic Finance (including Islamic Microfinance, Islamic Insurance,Sukuk) 12th & 13th October,2015 in Baku - Azerbaijan Jointly

More information

Islamic Microfinance 4th - 6th June, 2013 in Addis Ababa - Ethiopia

Islamic Microfinance 4th - 6th June, 2013 in Addis Ababa - Ethiopia 3 Days Specialized Training Workshop on Islamic Microfinance 4th - 6th June, 2013 in Addis Ababa - Ethiopia Jointly Organized By AlHuda Center of Excellence in Islamic Microfinance Islamic Microfinance

More information

Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life

Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life Ch.1 Shari a and Islamic Economic System I. Islamic Way of Life Allah (swt) creates man and designates him as khalifah (agent) on earth for the purpose of worshiping (serving) Allah in accordance with

More information

ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE

ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE ISLAMIC AND NON-ISLAMIC FINANCE IN CONTEMPORARY PERSPECTIVE Dr. Mohd Daud Bakar President/CEO International Institute of Islamic Finance (IIIF) Inc. mdaud@iiif-inc.com www.iiif-inc.com Islamic Finance

More information

4th ICIB Ministry of Planning Development & Reform Conference Secretariat: Mr. Ikram Ullah Khan Mr. Ehtesham Rashid

4th ICIB Ministry of Planning Development & Reform Conference Secretariat: Mr. Ikram Ullah Khan Mr. Ehtesham Rashid ICIB 4 th International Conference on Islamic Business 2016 Quaid-e-Azam Auditorium, IIUI Faisal Masjid Campus, Islamabad, Pakistan 20-22 February, 2016 Organized By: riphah international university riphah

More information

Establishment IDB Group

Establishment IDB Group www.irti.org Establishment IDB Group Established 1981 Established 2008 Established 1975 Established 1994 Source: IRTI Annual Report Established 1999 Islamic Research and Training Institute Successful Islamic

More information

Islamic Financial Systems*

Islamic Financial Systems* Islamic Financial Systems* Zamir Iqbal** Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world. Islamic finance is not restricted to Islamic countries, but

More information

SHARIAH AUDIT AND REVIEW FOR ISLAMIC FINANCIAL INSTITTUTION

SHARIAH AUDIT AND REVIEW FOR ISLAMIC FINANCIAL INSTITTUTION SHARIAH AUDIT AND REVIEW FOR ISLAMIC FINANCIAL INSTITTUTION Introduction Shariah compliance is the backbone of Islamic finance institutions (IFI) in which they operate. Therefore, ensuring Shari ah compliant

More information

PRACTICAL IMPLEMENTATION OF SHARIAH AUDIT

PRACTICAL IMPLEMENTATION OF SHARIAH AUDIT PRACTICAL IMPLEMENTATION OF SHARIAH AUDIT SIDC CPE - accredited: 10 CPE Points The development of Islamic finance in Malaysia has been supported by firmly established financial institutional structures

More information

World Islamic Finance Summit 2011

World Islamic Finance Summit 2011 Session 3: Product Development and Innovation Presenter and Moderator: Ahmed Ali Siddiqui EVP Product development & Shariah Compliance, Meezan Bank Limited Panelists: Muhammad Faisal Shaikh Head of Product

More information

Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited

Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited 1 Mr. Tahir Khurshid Head Of Audit & Inspection Group Bank Alfalah Limited Audit & Risk Review Function in Banks - Rising Expectations & Challenges Islamic Banking and Shariah audit 3 rd Pakistan Internal

More information

Comparison study of Murabaha and Istisnaa in Islamic banking in Jordan

Comparison study of Murabaha and Istisnaa in Islamic banking in Jordan JANUARY 214 Comparison study of Murabaha and Istisnaa in Islamic banking in Jordan Shatha Abdul-Khaliq Al Zaytoonah Private University of Jordan, Jordan Abstract: This paper aims to compare between tow

More information

Overview of Islamic Banking & Islamic Finance in Morocco. Dr. Ahmed TAHIRI JOUTI

Overview of Islamic Banking & Islamic Finance in Morocco. Dr. Ahmed TAHIRI JOUTI Overview of Islamic Banking & Islamic Finance in Morocco Dr. Ahmed TAHIRI JOUTI Overview of Islamic Banking & Islamic Finance in Morocco This presentation gives a general overview of the Moroccan experience

More information

MIFP MASTERS IN ISLAMIC FINANCE PRACTICE

MIFP MASTERS IN ISLAMIC FINANCE PRACTICE 2 MIFP MASTERS IN ISLAMIC FINANCE PRACTICE make Malaysia as a center for Islamic Finance. Malaysia has achieved those objectives, evidenced for example by it being the largest issuer of Sukuk in the world.

More information

Ways to Attract Islamic Compliant Investors to Funds and Products. Jonathan Lawrence 27 June 2012

Ways to Attract Islamic Compliant Investors to Funds and Products. Jonathan Lawrence 27 June 2012 Ways to Attract Islamic Compliant Investors to Funds and Products Jonathan Lawrence 27 June 2012 The demographics 26.4% of the global population will likely be Muslim by 2030 Currently 23% in 2012 Percentage

More information

POSTGRADUATE DEGREE (MUTHAVAL)

POSTGRADUATE DEGREE (MUTHAVAL) POSTGRADUATE DEGREE (MUTHAVAL) 1 Course Structure The Postgraduate programmes are divided into three faculties: Faculty of Theology, Faculty of Islamic Sharia & Faculty of Language and Culture Faculty

More information

The CIMA qualifications in Islamic Finance. A different perspective on global business

The CIMA qualifications in Islamic Finance. A different perspective on global business The CIMA qualifications in Islamic Finance A different perspective on global business I was always interested in moving into Islamic finance by my personal preference and the career opportunity available

More information

Developments of Islamic Banking in Bangladesh

Developments of Islamic Banking in Bangladesh Developments of Islamic Banking in Bangladesh April-June, 2016 Quarterly Report Preparation Committee 1 Chairman Dr. Md. Akhtaruzzaman Economic Adviser Coordinator Md. Abdul Awwal Sarker General Manager

More information

OPTIMAL SHARIAH GOVERNANCE IN ISLAMIC FINANCE

OPTIMAL SHARIAH GOVERNANCE IN ISLAMIC FINANCE OPTIMAL SHARIAH GOVERNANCE IN ISLAMIC FINANCE DR. AZNAN BIN HASAN Assistant Professor Islamic Law Department AHMAD IBRAHIM KULLIYYAH OF LAWS INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA haznan@iiu.edu.my

More information

Islamic Microfinance An Incredible Tool to Alleviate Poverty

Islamic Microfinance An Incredible Tool to Alleviate Poverty Islamic Microfinance An Incredible Tool to Alleviate Poverty AlHuda CIBE is now firmly established in Islamic Financial market, working in the field of Islamic Banking & Finance for the last seven years

More information

DISTANCE LEARNING PROGRAM, IRTI ISLAMIC DEVELOPMENT BANK, JEDDAH

DISTANCE LEARNING PROGRAM, IRTI ISLAMIC DEVELOPMENT BANK, JEDDAH DISTANCE LEARNING PROGRAM, IRTI ISLAMIC DEVELOPMENT BANK, JEDDAH O ye who believe!, If a wicked person comes to you with any news, ascertain the truth, lest ye harm people unwittingly and afterwards become

More information

Shariah Compliance Framework at Meezan Bank Limited

Shariah Compliance Framework at Meezan Bank Limited Shariah Compliance Framework at Meezan Bank Limited Ahmed Ali Siddiqui Executive Vice President Meezan Bank Limited +92-300-2178738 Suleman Muhammad Ali Vice President Meezan Bank Limited +92-300-2762632

More information

Zurina Shafii Ahmad Zainal Abidin Supiah Salleh

Zurina Shafii Ahmad Zainal Abidin Supiah Salleh Integrated Internal-External Shariah Audit Model: A Proposal towards the Enhancement of Shariah Assurance Practices in Islamic Financial Institutions Zurina Shafii Ahmad Zainal Abidin Supiah Salleh Agenda

More information

SHARIAH GOVERNANCE IN ISLAMIC FINANCE: THE EFFECTS OF THE ISLAMIC FINANCIAL SERVICES ACT 2013

SHARIAH GOVERNANCE IN ISLAMIC FINANCE: THE EFFECTS OF THE ISLAMIC FINANCIAL SERVICES ACT 2013 SHARIAH GOVERNANCE IN ISLAMIC FINANCE: THE EFFECTS OF THE ISLAMIC FINANCIAL SERVICES ACT 2013 Surianom Miskam Department of Business Management Faculty of Management and Muamalah Kolej Universiti Islam

More information

SHARIAH REQUIREMENTS AND ARRANGEMENT FOR ISLAMIC FINANCIAL PRODUCTS & FEATURES

SHARIAH REQUIREMENTS AND ARRANGEMENT FOR ISLAMIC FINANCIAL PRODUCTS & FEATURES SHARIAH REQUIREMENTS AND ARRANGEMENT FOR ISLAMIC FINANCIAL PRODUCTS & FEATURES Hibah, Wadiah, Qard & Rahn Wakalah & Kafalah 31 st July 2017, InterContinental Hotel, KUALA LUMPUR SIDC CPE - accredited:

More information

TRAINING PROGRAMME REGULATORY AND COMPLIANCE FRAMEWORK IN ISLAMIC FINANCE UNDER IFSA 2013

TRAINING PROGRAMME REGULATORY AND COMPLIANCE FRAMEWORK IN ISLAMIC FINANCE UNDER IFSA 2013 TRAINING PROGRAMME REGULATORY AND COMPLIANCE FRAMEWORK IN ISLAMIC FINANCE UNDER IFSA 2013 Dates and Time: 12-13 October 2015 (Monday-Tuesday) 9:00am - 5:30pm Venue: International Institute of Advanced

More information

Islamic Banking in India

Islamic Banking in India ISSN 2278 0211 (Online) Islamic Banking in India Asma Sultana Department of Commerce, St. Ann s College for Women, Hyderabad, India Dr. N.V. Kavitha HOD, Department of Commerce, st. Ann s College for women,

More information

Mutual Funds in India - Potential for Islamic Versions

Mutual Funds in India - Potential for Islamic Versions Journal of Islamic Banking and Finance April June 2018 1 Purpose Mutual Funds in India - Potential for Islamic Versions Mustafa Hussain Khan * & Syed Ahmed Salman This research investigates the prospects

More information

Analysis of Minor Proposals outside the Mainstream Islamic Finance in Pakistan

Analysis of Minor Proposals outside the Mainstream Islamic Finance in Pakistan Journal of Islamic Banking and Finance July Sept 2017 1 Analysis of Minor Proposals outside the Mainstream Islamic Finance in Pakistan Salman Ahmed Shaikh This paper is a humble attempt to discuss the

More information

Establishing Economies According to Islamic Worldview: Problems and Way Forward. Prof. Habib Ahmed Durham University

Establishing Economies According to Islamic Worldview: Problems and Way Forward. Prof. Habib Ahmed Durham University Establishing Economies According to Islamic Worldview: Problems and Way Forward Prof. Habib Ahmed Durham University Presentation Plan Islamic Economics: Ideals and Reality New Institutional Economics (NIE)

More information

MEEZAN BANK S GUIDE TO ISLAMIC BANKING

MEEZAN BANK S GUIDE TO ISLAMIC BANKING MEEZAN BANK S GUIDE TO ISLAMIC BANKING All rights reserved. Aside from fair use, meaning a few pages or less for nonprofit educational purposes, review or academic citation, no part of this publication

More information

AFRICAN ISLAMIC BANKING & TAKAFUL FORUM

AFRICAN ISLAMIC BANKING & TAKAFUL FORUM 3 rd AFRICAN ISLAMIC BANKING & TAKAFUL FORUM April 18 & 19, 2015 at Image Lifestyle Conference Venue Johannesburg South Africa Organized by Supported by Center of Islamic Banking & Economics Moolla Capital

More information

Monetary Policy in an Islamic Economy: The Central Bank s Role

Monetary Policy in an Islamic Economy: The Central Bank s Role Monetary Policy in an Islamic Economy: The Central Bank s Role The Annual Intellectual Symposium of Islamic Financial Economics University of London London, UK May 28th, 2014 Gabriella Crimi Mount Holyoke

More information

on Islamic Banking & Finance

on Islamic Banking & Finance CENTER OF ISLAMIC BANKING AND ECONOMICS Two Days Specialized Training Workshop on Islamic Banking & Finance March 20-21, 2015 Movenpick Hotel, Karachi - Pakistan www.alhudacibe.com AlHuda CIBE AlHuda Center

More information

SHARIAH NON COMPLIANCE RISK PDF

SHARIAH NON COMPLIANCE RISK PDF SHARIAH NON COMPLIANCE RISK PDF ==> Download: SHARIAH NON COMPLIANCE RISK PDF SHARIAH NON COMPLIANCE RISK PDF - Are you searching for Shariah Non Compliance Risk Books? Now, you will be happy that at this

More information

SUKUK a main financial tool funding terror Introduction

SUKUK a main financial tool funding terror Introduction SUKUK a main financial tool funding terror Introduction Sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Sharia, Islamic religious law. Because the traditional

More information

Special Regulation No. 13

Special Regulation No. 13 Special Regulation No. 13 Concerning Admissions Beijing International Horticultural Exhibition Coordination Bureau Article 1 Purpose The purpose of this Special Regulation is, in accordance with Articles

More information

The Experience of Islamic Banking in a Conventional System

The Experience of Islamic Banking in a Conventional System The Experience of Islamic Banking in a Conventional System A Country Case study: Morocco Dr. Amal Smaili, Netherlands The Second Annual Conference of Islamic Economics & Islamic Finance Venue: Chestnut

More information

Islamic Finance: Challenges and the Way Forward

Islamic Finance: Challenges and the Way Forward Islamic Finance: VISION To become a leading institution for higher education in Banking and Finance in the region MISSION To develop and offer internationally recognized programmes, capacity building,

More information

THE ROLE OF CENTRAL BANK OF MALAYSIA IN DEVELOPING MALAYSIA'S ISLAMIC FINANCIAL INDUSTRY

THE ROLE OF CENTRAL BANK OF MALAYSIA IN DEVELOPING MALAYSIA'S ISLAMIC FINANCIAL INDUSTRY الا كاديمية العالمية للبحوث الشرعية ISRA International Shari ah Research Academy for Islamic Finance THE ROLE OF CENTRAL BANK OF MALAYSIA IN DEVELOPING MALAYSIA'S ISLAMIC FINANCIAL INDUSTRY Prof. Dr. Mohamad

More information

WT Essay. Christoph Schweinberger. Sukuk Islamic Bonds. Subject: MPF_AFIN Finance (Basics) Advisor: Ing. Luděk Benada

WT Essay. Christoph Schweinberger. Sukuk Islamic Bonds. Subject: MPF_AFIN Finance (Basics) Advisor: Ing. Luděk Benada WT 011 Essay Christoph Schweinberger Sukuk Islamic Bonds Subject: MPF_AFIN Finance (Basics) Advisor: Ing. Luděk Benada I Contents Contents... I List of Illustrations... II Abstract... III A. The Islamic

More information

What is wrong with Interest? Ansar Finance Group. Islamic Finance for the Community by the Community

What is wrong with Interest? Ansar Finance Group. Islamic Finance for the Community by the Community What is wrong with Interest? Ansar Finance Group Islamic Finance for the Community by the Community What is wrong with Interest? Islamic point of view Interest has been declared Haram (forbidden) by Allah

More information

SHARIAH AUDIT & SHARIAH NON-COMPLIANCE REPORTING FOR ISLAMIC FINANCIAL INSTITUTIONS

SHARIAH AUDIT & SHARIAH NON-COMPLIANCE REPORTING FOR ISLAMIC FINANCIAL INSTITUTIONS SHARIAH AUDIT & SHARIAH NON-COMPLIANCE REPORTING FOR ISLAMIC FINANCIAL INSTITUTIONS 19 th July 2017, InterContinental Hotel, KUALA LUMPUR SIDC CPE - accredited: 10 CPE Points Shariah audit has long been

More information

ISLAMIC FINANCE AND BANKING MODES OF FINANCE

ISLAMIC FINANCE AND BANKING MODES OF FINANCE page 1 / 5 page 2 / 5 islamic finance and banking pdf Islamic banking or Islamic finance (Arabic:??????????????) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic

More information

ECONOMICS OF ISLAM: ISLAMIC PERSPECTIVES OF BANKING IN PAKISTAN

ECONOMICS OF ISLAM: ISLAMIC PERSPECTIVES OF BANKING IN PAKISTAN ECONOMICS OF ISLAM: ISLAMIC PERSPECTIVES OF BANKING IN PAKISTAN ABDUL WAHAB ARAIN DR. AHMAD SAEED Research Supervisor, Hamdard Institute of Education and Social Sciences, Hamdard University, Karachi, Pakistan

More information

SHARIAH GOVERNANCE & SHARIAH COMPLIANCE CULTURE FOR ISLAMIC FINANCIAL INSTITUTIONS

SHARIAH GOVERNANCE & SHARIAH COMPLIANCE CULTURE FOR ISLAMIC FINANCIAL INSTITUTIONS SHARIAH GOVERNANCE & SHARIAH COMPLIANCE CULTURE FOR ISLAMIC FINANCIAL INSTITUTIONS 26 th February 2018, InterContinental Hotel, KUALA LUMPUR SIDC CPE - accredited: 10 CPE Points Shariah governance has

More information

A Descriptive Analysis of Islamic Finance as a Possible Alternative to Conventional Investment Management

A Descriptive Analysis of Islamic Finance as a Possible Alternative to Conventional Investment Management A Descriptive Analysis of Islamic Finance as a Possible Alternative to Conventional Investment Management Timothy A. Falade Obalade PhD Assoc. Professor, College of Business Administration, American University

More information

Limited Tender Enquiry

Limited Tender Enquiry Rajgir, District: Nalanda, Bihar 803 116 Ph. No: 06112 255330 Web: www.nalandauniv.edu.in Limited Tender Enquiry No. NU/FIN/2015-16/81 Date: 5 th February 2016 To M/s Subject: Internal Auditing and Preparation

More information

Guideline Leaflet PC10: Hiring of Church Premises

Guideline Leaflet PC10: Hiring of Church Premises Guideline Leaflet PC10: Hiring of Church Premises Most churches hire out their premises to outside groups. These may be one off arrangements or a regular booking. These notes will help churches make appropriate

More information

MODERNISATION STRATEGIES ON COLLECTION AND DISTRIBUTION OF ZAKAT

MODERNISATION STRATEGIES ON COLLECTION AND DISTRIBUTION OF ZAKAT MODERNISATION STRATEGIES ON COLLECTION AND DISTRIBUTION OF ZAKAT Challenges 1. Low level of public confidence 2. the need to introduce more effective channel of payment 3. Lack of aggressive efforts in

More information

Some Higher Education Issues in Muslim Countries with Islamic Economics as an Illustrative Case

Some Higher Education Issues in Muslim Countries with Islamic Economics as an Illustrative Case Journal of Islamic Banking and Finance Oct Dec 2018 1 Some Higher Education Issues in Muslim Countries with Islamic Economics as an Illustrative Case Zubair Hasan The purpose of this paper is (i) to state

More information

What is Islamic Microfinance? Making it a Sustainable Reality

What is Islamic Microfinance? Making it a Sustainable Reality What is Islamic Microfinance? Making it a Sustainable Reality Presenters PART I: Rafi-uddin Shikoh PART II: Atif R Khan Agenda Presentation: 45 min Q&A: 30 min Agenda Section 1: Global Microfinance Context

More information

The current perception and practice of Shariah Auditing in Bangladeshi Islamic Banks. Md. Jahidur Rahman

The current perception and practice of Shariah Auditing in Bangladeshi Islamic Banks. Md. Jahidur Rahman The current perception and practice of Shariah Auditing in Bangladeshi Islamic Banks By Md. Jahidur Rahman September 2013 MBA Thesis submitted to Ritsumeikan Asia Pacific University Partial fulfillment

More information

A Critical Analysis of Mudarabah & A New Approach to Equity Financing in Islamic Finance

A Critical Analysis of Mudarabah & A New Approach to Equity Financing in Islamic Finance A Critical Analysis of Mudarabah & A New Approach to Equity Financing in Islamic Finance Salman Ahmed Shaikh Financial intermediation serves a valuable purpose, but it can also be structured using equity

More information

FINANCE ISLAMIC BANKING & Two Days Specialized Training Workshop on. March 16th - 17th, 2017 at Lahore

FINANCE ISLAMIC BANKING & Two Days Specialized Training Workshop on. March 16th - 17th, 2017 at Lahore Center of Islamic Banking and Economics Two Days Specialized Training Workshop on ISLAMIC BANKING & FINANCE March 16th - 17th, 2017 at Lahore Islamic Finance heading towards new Destination! ABOUT ALHUDA

More information