Part I : Fundamentals of Islamic finance (10 hours)
- Overview, structure and trends in the Islamic finance industry
- Fundamentals & principles of Islamic finance
- Basic contracts in Islamic finance
- Islamic finance, ethical and socially responsible investment
Part II: Ethical finance and Corporate governance in the financial sector (10 hours)
- Fundamentals & principles of corporate governance applied to financial and “bancassurance” sectors and institutions
- Ethical and socially responsible management of organisations
- Ethical and socially responsible Investments
Part III: Sharia Law and Islamic finance (6 hours)
- Sharia, Fiqh & Islamic schools of law
- Principles and applications of Islamic contract law
- Dispute settlement and conflict resolution in Islamic financial issues
Part IV: Accounting & financial statements for Islamic finance (6 hours)
- Reporting & auditing standards for and practices of Islamic financial institutions
- Sharia governance and compliance framework
- Management and auditing of Islamic financial institutions
Part V: section 1: Retail banking and Shariah compliant banking products (6 hours)
- Islamic commercial transactions
- Islamic banking products (Mudarabah, Musharaka, Ijara,…)
- Consumer finance and credit cards (credit operations)
- Current, Savings and Investment Accounts
- Study cases
Part V: section 2: Insurance in Islamic finance (Takaful) (6 hours)
- Islamic Insurance: General and Family Takafu
Part VI: Islamic capital markets in Islamic finance (8 hours)
- General understanding of Islamic capital markets, structures, and market players
- Sharia Compliant Equity and Debt Securities (Sukuk)
- Contracts & value propositions of Islamic funds
- Market indices, rating approaches and performance measures
Part VII: Regulation, supervision and taxation in islamic finance (8 hours)
- Regulatory and supervisory framework
- Tax issues of Sharia Compliant Contracts
- Specific adjustments of transactions according to tax laws
- Setting up an Islamic financial Institution (e.g. investment fund, home financing institution, takaful operator etc.)
Part VIII: Investment banking in Islamic finance (8 hours)
- Islamic corporate finance and Islamic funds
- Sharia compliant project finance: structures, strategies, and valuations
- Risk Management (incl. Hedging, Derivatives, Liquidity Management)
Part IX : Marketing and communication of Islamic financial and banking products (8 hours)
- Marketing for Islamic markets
- Marketing of Islamic financial institutions (IFI’s) and products
- Communication and branding of IFI’s
- Business case study: Islamic banking in Non-Muslim markets
Closing round table (4 hours)
Challenges and the future of the Islamic finance industry
