Stop Press: We will be discussing the recent very shocking “Dana Gas” development which is likely to have wide scale implications for the Islamic finance sector and Sukuk issuance in particular. The trainer has been extensively quoted in the press on this case and is a noted expert on Sukuk default and financial restructurings in the Gulf region. This is your unique chance to get the latest insights on arguably the biggest Islamic finance development in many years.
This one day course analyses Islamic banks and other non-bank financial institutions that act according to Islamic principles.
We begin by examining Islamic finance in an institutional context, paying particular regard to their structure and external relationships.
Next we consider the products and services they provide, the accounting treatment of such products and services and the overall social utility of Islamic banks.
After lunch we look at governance issues, both from the perspective of a financial regulator and the Shari’ah (religious law).
The course concludes with two case studies: we examine two Islamic banks operating in London – one a retail bank, the other a wholesale bank – and compare their offerings and performance.
Case study I – Al Rayan Bank (retail)
We chart the fortunes of the UK’s only high street Islamic bank
Case Study II – Gatehouse Bank (wholesale)
We chart the fortunes of one of the City of London’s best known Islamic investment banks