16 Topics
5 Days
80 Sessions
Programme Overview
Training Description
- Islamic banking professionals
- Bank managers and banking officers
- Risk and compliance professionals
- Sharia governance and Sharia advisory professionals
- Finance and accounting professionals
- Investment and asset management professionals
- Microfinance and financial inclusion professionals
- Product development and innovation teams
- Internal auditors and assurance professionals
- Regulators and financial-sector policymakers
- Senior executives and board members of financial institutions
- Professionals seeking to enter Islamic finance
Session Objectives
- Understand the fundamental principles of Sharia governing Islamic finance. Differentiate between Islamic and conventional banking models and their products. Analyze the structure and operational framework of Islamic banking institutions. Master the mechanics and application of key Sharia-compliant products (e.g., Murabaha, Ijarah, Mudarabah). Identify and assess unique risks inherent in Islamic banking operations. Develop effective risk management strategies for Islamic financial products. Comprehend the role and functions of Sharia Supervisory Boards in governance. Learn about liquidity management and capital adequacy in Islamic banks. Explore the regulatory and legal frameworks governing Islamic finance globally. Acquire skills in product development and innovation within Sharia guidelines. Examine the social and ethical impact of Islamic banking practices.
About the Course
Sharia Finance Mastery: Islamic Banking Products, Risk & Operations is a specialized training course designed to provide professionals with a comprehensive understanding of Islamic finance principles and their practical application in modern banking and financial services. The course explores Sharia principles, Islamic banking products, financing strucParticipants will learn how Islamic financial institutions structure Sharia-compliant products, manage associated risks, maintain appropriate governance and controls, and deliver products that meet both customer needs and Sharia requirements. The course also examines the operational differences between Islamic and conventional banking and the practical considerations involved in implementing Islamic financial services.tures, risk management, governance, compliance, and operational practices.
Curriculum & Topics
16 Topics | 80 Sessions
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Workshop 1.1:
Historical context and evolution of Islamic finance.
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Workshop 1.2:
Core principles of Sharia (Riba, Gharar, Maysir, Halal/Haram).
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Workshop 1.3:
Ethical and philosophical underpinnings of Islamic banking.
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Workshop 1.4:
Key distinctions between Islamic and conventional financial systems.
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Workshop 1.5:
Global landscape and growth of Islamic banking.
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Workshop 2.1:
Current accounts (Qard) and their operational aspects.
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Workshop 2.2:
Savings accounts (Wadiah, Mudarabah) and profit distribution.
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Workshop 2.3:
Investment accounts (Mudarabah, Wakalah) for depositors.
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Workshop 2.4:
Understanding the risk-sharing paradigm for deposits.
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Workshop 2.5:
Customer relationship management in Islamic deposits.
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Workshop 3.1:
Murabaha (Cost-Plus Sale): structure, applications, and risk.
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Workshop 3.2:
Musawamah (Bargaining Sale) and its uses.
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Workshop 3.3:
Salam (Forward Sale) and its role in agricultural/commodity finance.
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Workshop 3.4:
Istisna' (Manufacturing Contract) for project finance.
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Workshop 3.5:
Case studies and practical structuring of trade finance products.
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Workshop 4.1:
Ijarah (Leasing): operating lease vs. finance lease (Ijarah Muntahia Bil Tamleek).
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Workshop 4.2:
Musharakah (Partnership/Joint Venture): diminishing Musharakah, permanent Musharakah.
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Workshop 4.3:
Mudarabah (Profit-Sharing Partnership): unrestricted vs. restricted.
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Workshop 4.4:
Sukuk (Islamic Bonds): types, issuance, and secondary market.
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Workshop 4.5:
Structuring complex asset-backed financing deals.
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Workshop 5.1:
Overview of conventional financial risks: credit, market, operational, liquidity.
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Workshop 5.2:
Unique risks in Islamic banking: Sharia non-compliance risk, equity investment risk.
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Workshop 5.3:
Operationalizing risk management across Sharia-compliant products.
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Workshop 5.4:
Risk sharing and mitigation mechanisms inherent in Islamic contracts.
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Workshop 5.5:
Basel III and IFSB standards for risk management in Islamic banks.
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Workshop 6.1:
Assessing creditworthiness in Sharia-compliant financing.
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Workshop 6.2:
Collateral and guarantees in Islamic contracts.
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Workshop 6.3:
Operationalizing risk management across Sharia-compliant products.
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Workshop 6.4:
Risk sharing and mitigation mechanisms inherent in Islamic contracts.
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Workshop 6.5:
Basel III and IFSB standards for risk management in Islamic banks.
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Workshop 7.1:
Assessing creditworthiness in Sharia-compliant financing.
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Workshop 7.2:
Collateral and guarantees in Islamic contracts.
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Workshop 7.3:
Default management and recovery in the absence of interest.
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Workshop 7.4:
Managing portfolio credit risk for various Islamic products.
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Workshop 7.5:
Specific challenges in managing credit risk for Mudarabah/Musharakah.
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Workshop 8.1:
Sources of liquidity risk unique to Islamic banks.
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Workshop 8.2:
Islamic money market instruments: Commodity Murabaha, Sukuk repos.
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Workshop 8.3:
Central bank facilities and interbank Islamic financing.
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Workshop 8.4:
Developing liquidity contingency funding plans.
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Workshop 8.5:
Impact of Sharia principles on liquidity management tools.
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Workshop 9.1:
Identifying and mitigating operational risks specific to Islamic finance.
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Workshop 9.2:
Fraud prevention and internal controls in Sharia-compliant operations.
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Workshop 9.3:
Ensuring Sharia compliance throughout operational processes.
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Workshop 9.4:
Technology and automation in Islamic banking operations.
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Workshop 9.5:
Business continuity planning and disaster recovery.
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Workshop 10.1:
Role and responsibilities of the Sharia Supervisory Board (SSB).
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Workshop 10.2:
Qualifications and appointment of Sharia scholars.
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Workshop 10.3:
Fatwa issuance process and its authority.
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Workshop 10.4:
Sharia audit and compliance review mechanisms.
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Workshop 10.5:
Corporate governance best practices in Islamic financial institutions.
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Workshop 11.1:
Key global regulatory bodies: IFSB, AAOIFI, OIC.
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Workshop 11.2:
National regulatory approaches to Islamic banking.
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Workshop 11.3:
Legal enforceability of Islamic financial contracts.
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Workshop 11.4:
Dispute resolution mechanisms in Islamic finance.
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Workshop 11.5:
Convergence and divergence of regulatory frameworks.
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Workshop 12.1:
Capital computation for Islamic banks (Tier 1, Tier 2).
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Workshop 12.2:
Applying Basel III standards to Islamic financial institutions.
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Workshop 12.3:
Risk-weighted assets (RWA) for Sharia-compliant products.
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Workshop 12.4:
Stress testing and capital planning in Islamic banking.
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Workshop 12.5:
Profit equalization reserves (PER) and investment risk reserves (IRR).
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Workshop 13.1:
Sharia-compliant investment strategies for Islamic banks.
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Workshop 13.2:
Managing foreign exchange risk in an Islamic context.
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Workshop 13.3:
Proprietary investments and fund management (Islamic equity funds, Sukuk funds).
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Workshop 13.4:
Ethical screening of investments (Halal investing).
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Workshop 13.5:
Role of Takaful (Islamic insurance) in risk transfer.
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Workshop 14.1:
Methodology for developing new Sharia-compliant products.
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Workshop 14.2:
Ensuring Sharia authenticity and market viability.
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Workshop 14.3:
Innovation in digital Islamic finance (FinTech, blockchain applications).
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Workshop 14.4:
Addressing contemporary financial needs with Sharia solutions.
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Workshop 14.5:
Case studies of successful and challenging product innovations.
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Workshop 15.1:
Communicating the value proposition of Islamic banking.
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Workshop 15.2:
Building trust and confidence with Sharia-conscious clients.
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Workshop 15.3:
Marketing strategies for Sharia-compliant products.
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Workshop 15.4:
Addressing common misconceptions about Islamic finance.
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Workshop 15.5:
Client lifecycle management in an ethical banking context.
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Workshop 16.1:
Growth drivers and emerging markets for Islamic finance.
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Workshop 16.2:
Impact of sustainability (ESG) on Islamic banking.
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Workshop 16.3:
The role of social finance (Zakat, Waqf, Sadaqa) in modern Islamic banking.
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Workshop 16.4:
Challenges: standardization, talent, public perception.
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Workshop 16.5:
Strategic outlook and opportunities for the Islamic finance industry.
