Islamic Finance

Introduction

• Trainer/delegates
• Course objectives
• Course topics

Introduction to Principles of Islamic Finance

• Islamic finance training explores the basics
• General principles:
  • 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

Conventional and Islamic Commercial Banks: Key Differences

• Oversight of a Sharia board
• The concepts of money/basis of transactions
• Relationships with clients or customers
• Investments in the bank conclude this section of the Islamic financial planning course

Case Studies

An experienced professional with over 30 years of expertise in the financial services industry delivers Redcliffe's courses on Islamic finance. He is a seasoned educator and has delivered comprehensive courses for over a decade.

With 22 years at HSBC Bank Middle East (1991–2013), he brings a wealth of knowledge and practical insights to his sessions. The trainer’s professional journey began at HSBC. He started as a credit analyst and then advanced to several senior Relationship Manager roles. His tenure at this global institution enabled him to build a solid foundation in banking. He gained a diverse skill set across various sectors. Over time, he developed specialised expertise in Commercial Banking. This was focusing on areas such as:

• Corporate Lending
• Credit Risk Analysis
• Trade Finance
• Relationship Management
• Corporate Banking & Financial Products

As his career evolved, he broadened his knowledge to include Islamic finance and banking. In 2008, he transitioned into a full-time trainer role within HSBC, a position he held until 2012. Following his time at HSBC, he ventured into independent financial consultancy and training delivery.

With excellent technical knowledge across a broad range of commercial banking businesses and products, he has strong commercial acumen, communication, and interpersonal skills. He employs a unique and engaging delivery style that captivates his audience. This ensures the effective communication of key concepts and nuances during Islamic finance training.

He has delivered technical, product, and behavioural courses to a wide range of audiences. This includes Financial Analysis, Credit Risk Management, Trade Finance, Anti-Money Laundering/Compliance, Project Finance and Sales and Negotiation Skills. As a global educator, he has taken his work across the GCC, MENA, Europe, Latin America, and the Asia-Pacific. He offers valuable exposure to diverse cultural and professional environments.

He has completed trainer accreditation programs in Hong Kong and the UAE and has delivered many seminars and courses.

The key aim of Islamic banking training is to empower professionals to:

• Learn the necessary knowledge of Islamic banking and finance.
• Understand Sharia law and principles relevant to Islamic finance.
• Structure products and/or services in line with Islamic principles and Sharia law.
• Gain skills and experience to work in any facet of this financial system.
• Utilise techniques to identify key risks related to non-compliance with Islamic finance laws.
• Establish appropriate controls within any organisation.

Islamic finance training at Redcliffe is a must-know for:

• Finance professionals working in banks, corporations or other financial institutions related to the functions of Islamic banking and finance
• Legal and financial advisors providing advice to financial institutions in this area
• Compliance officers and internal and external auditors who are responsible for checking adherence to Islamic principles and Sharia law

The Islamic finance industry adheres to the principles of Islamic/Sharia law and is further guided by Islamic economics. Interest prohibited under Islamic law means that Islamic finance centres around several key principles, which include the following:

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

Besides the prohibition of interest (riba), Islamic finance also prohibits investments in products and/or services which are against Islamic principles.

Redcliffe's insightful and engaging Islamic finance course will enable you to understand fundamental banking and finance principles. The content covers the important tenets of Islamic finance and economic principles. It enables delegates to gain the necessary skills and pursue a career in Islamic Finance.

Islamic banking training will consist of lectures, case studies and discussions.