Islamic Finance

Introduction

• Trainer/Delegates
• Course Objectives
• Course Topics
  • Introduction to Principles of Islamic Finance
  • Types of Islamic Finance and Investments
  • Differences with Conventional Finance

Introduction to Principles of Islamic Finance

• Basics of Islamic Finance
• General principals of Islamic Finance
  • Lawful investments
  • Sharing of profits and losses
  • Assets trading
  • Sanctity of contracts
• Prohibitions in Islamic Finance
  • Riba (Interest)
  • Gharar (Speculation and Uncertainty)
  • Chance game (Maysir)
  • Money trading

 Types of Islamic Finance and Investments

• Profit sharing (Mudharabah)
• Joint venture (Musharakah)
• Cost plus finance (Murabahah)
• Leasing (Ijara)
• Agency Services (Wakalah)
• Guarantees (Kafala)
• Future sale contract (Istisna)
• Islamic bonds (Sukuk) markets

 Difference Between Conventional and Islamic Commercial Banks

• Oversight of a Sharia board
• Concepts of money/basis of transactions
• Relationships with clients or customers
• Investments in the bank

 Case Studies

 Please note - The course content can be customised and extended into a longer two-day format to provide greater depth on knowledge.

Redcliffe's trainer for Islamic Finance is a highly experienced ex-banker with 30 plus years’ experience in the financial service industry, including 22 years with HSBC Bank Middle East from 1991 until 2013. The trainer carries with himself an overall experience of delivering training programs for more than 10 years.

He began his professional career as a credit analyst in HSBC, and subsequently grew into several senior Relationship Manager roles. Working in a global bank provided him a platform to establish all-round banking knowledge and skills. He developed a particular niche in all areas of Commercial Banking, with a high degree of specialization in Corporate Lending, Credit Risk Analysis, Trade Finance, Relationship Management and Corporate Banking Products. As a senior RM, he managed a portfolio of clients in various industries and of various sizes, including large corporates and sovereign entities, with a combined credit limit of USD 500M.

 In 2008, he turned into a full-time trainer within HSBC, a role in which he continued until 2012, when he parted ways with HSBC and started pursuing independent financial consultancy and training delivery. Possessing excellent technical knowledge on an extensive range of commercial banking businesses and products, which combined with sound commercial orientation, communication, and people skills, ensures delivery of effective results-oriented learning.

He has a refreshing method of delivery which keeps the audience interested in the subject and delivers the message effectively. He has delivered technical, product and behavioural courses to a wide base of audience on subjects such as Financial Analysis, Credit Risk Management, Managing Problem Loans, Writing Credit Proposals, Trade Finance, Anti-Money Laundering/Compliance, Project Finance, Islamic Finance, Sales and Negotiation Skills and Relationship Management.

 His work has taken him to deliver courses in the wider GCC, MENA, Europe, Latin America and Asia Pacific regions thus giving him an exposure to the various cultural and professional approaches to work. He has also completed trainer accreditation programmes from Hong Kong and UAE.

The key objective of this course is to empower professionals to:

• Acquire the necessary knowledge about Islamic banking and finance
• Understand Sharia law and Islamic principles that are relevant from an Islamic Finance perspective
• Structure products and/or services in line with Islamic principles and Sharia law
• Gain skill and experience to work in any facet of this banking system
• Identify key risks related to non-compliance with Islamic Finance laws and establish appropriate controls within any organisation

• Unlike courses that rely heavily on theoretical knowledge, our program integrates real-world scenarios and case studies that illustrate practical aspects of Islamic Financing.
• The instructor is not just an academic but has significant field experience working with businesses. This allows him to share first-hand experiences and insights that carry immense value from a learning perspective.
• The course content has been customized bearing the specific needs of the audience. This tailored approach ensures that the material is always relevant and directly applicable to the needs of the delegates.

• Finance professionals working in banks, corporates or other financial institutions and related to functions of Islamic banking and finance
• Legal and financial advisors providing advice to financial institutions regarding Islamic banking and finance
• Compliance officers and internal and external auditors responsible for checking adherence with Islamic principles and Sharia law

Islamic Finance adheres to the principles of Islamic/Sharia law, and further guided by Islamic economics. Interest is prohibited under the Islamic law, and hence Islamic Finance revolves around a few Islamic principles such as:

• Mudarabah - profit sharing and loss bearing products
• Musharaka - joint ventures
• Murabaha - cost plus arrangements
• Ijara - leasing solutions

Apart from restrictions on interest, IF also prohibits investments in products/services which are against Islamic principles.

This training course will enable delegates to understand the basic principles of Islamic banking and finance. The content covers all important tenets of Islamic Finance and is aimed to equip delegates with the required skills and knowledge to pursue a career in Islamic Finance.

This course consists of lectures, case studies and discussions.