Islamic Finance

Introduction

• Trainer/delegates
• Course objectives
• Course topics:
  • Introduction to the principles of Islamic finance
  • Types of Islamic finance and investments
  • Differences with conventional finance

Introduction to Principles of Islamic Finance

• Islamic finance training explores the basics
• General principles 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

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

Islamic Financial Planner Course: Case Studies

An experienced professional with over 30 years of expertise in the financial services industry delivers Redcliffe Training'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, and he now shares his expertise through his Islamic finance training. 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 and strong commercial acumen, communication, and interpersonal skills, he delivers courses with real authority (and enthusiasm).

He employs a unique and engaging delivery style that captivates his audience. This ensures the effective communication of key concepts and nuances of Islamic finance. He has also delivered technical, product, and behavioural courses to a wide range of audiences. This includes the topics of Financial Analysis, Credit Risk Management, Trade Finance, Anti-Money Laundering/Compliance, Project Finance and Sales and Negotiation Skills.

As a global educator, his work has taken him 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 this Islamic banking training is to empower professionals to:

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

• Many courses on Islamic finance rely heavily on theoretical knowledge. Our program integrates real-world scenarios and case studies that illustrate the practical aspects.
• The instructor is not just an academic; he has significant field experience working with businesses. He can provide first-hand experiences and insights that carry immense value from a learning perspective.
• We can customise the course content to meet the specific needs of the audience. This tailored approach ensures that the material is always relevant and applicable to the needs of you and your organisation.

Islamic finance training is a must-know for:

• Finance professionals working in banks, corporations or other financial institutions and related to the functions of Islamic banking and finance
• Legal and financial advisors providing advice to financial institutions on Islamic banking and finance
• 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 is prohibited under Islamic law, and hence Islamic finance centres around several key Islamic principles, which include the following:

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

In addition to the prohibition of interest (riba), Islamic finance also prohibits investments in products and/or services which are against Islamic principles. This insightful, dynamic and engaging Islamic finance course will enable participants to understand the fundamental principles of Islamic banking and finance.

The content covers all important tenets of Islamic finance and economic principles, and equips delegates with the required skills, knowledge and confidence to pursue a career in Islamic Finance.

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