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Islamic Financial Management Course

By: Foscore Development Center


04 - 15 Feb, 2019  12 days

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USD 2,000

This course provides participant with a thorough grounding in Islamic finance. The course covers the principles behind Islamic finance and the relationship between Islamic and conventional financing. During the course participants will explore recent history and trends in Islamic finance. Course participant are also provided with the opportunity to learn how to structure cash flows for Islamic finance

Course Objective:

  • Developments of Islamic Economics, Banking and Finance.
  • Understanding of the main principles of Islamic banking and finance
  • Identifying a range of commonly used Islamic Financial products and services
  • Considering the nature and scope of Islamic finance and its relationship with conventional finance
  • Creating awareness of the principles, trends and economic benefits of Islamic portfolios.
  • Critically evaluate the key differences between the Islamic and conventional securities market
  • Examine various risk management tools and techniques from an Islamic point of view.
  • Differentiate between conventional insurance and Takaful
  • Demonstrate practical skills of ethics for Islamic corporate governance.
  • Compare and contrast differences between Islamic accounting and conventional accounting

Course Content

  • introduction to Islamic financial markets
  • Provision of sharia’a compliant financial services.
  • Defining the Islamic financial market
  • The rationale for growth in sharia’a compliant financial services
  • Islamic finance:
  • Gharar and maysir (uncertainty and speculation) in Islamic finance
  • understanding the core principles of Islamic investment and finance
  • Rules that recur in structuring for Islamic finance.
  • Islamic law
  • Understanding the role and importance of the sharia’a
  • Islamic vs. conventional finance
  • Prohibitions under Islamic law
  • Process of structuring a sharia’a compliant product
  • Understanding Islamic finance guidelines
  • understanding Islamic finance asset classes
  • Murabaha contracts (sales)
  • Defining murabaha contracts
  • Murabaha on credit – deferred payment
  • Late payment treatment
  • Murabaha syndicate trade mechanics
  • Revolving murabaha
  • Islamic finance products
  • Letters of credit and guarantees in Islamic finance
  • sharia ’a perspective
  • Role of wakala and kafala in developing the structure
  • Islamic credit cards
  • Rules governing sharia’a compliance for credit card finance
  • Credit card features and sharia’a hotspots
  • Islamic finance asset classes
  • Ijara (leasing) in Islamic finance
  • Jara muntahia bi tamleek
  • salam (forward sales) in Islamic finance
  • Defining the forward contract
  • Parallel salam
  • istisna (construction or manufacturing)
  • Defining the istisna contract
  • Parallel istisna
  • AAOIFI and IFSB standards
  • Applications in the modern world
  • organizational structures for Islamic finance
  • Profit and loss sharing contracts in Islamic finance: musharaka and mudaraba
  • Broad Islamic rules for profit sharing
  • Musharaka (partnership),Mudaraba (silent partnership)&Wakalah (agency)
  • musharaka and mudaraba
  • Key ideas behind Sharia’a compliant business organisation
  • Applications and considerations for wealth management and private banking
  • Understanding the application of core Islamic finance principles
  • Screening issues
  • Considerations for the investment manager working in Islamic finance
  • Providing clients with sharia’a compliant financial products
  • Islamic finance & advisory services
  • Islamic finance fund management challenges
  • Stock market funds
  • Islamic hedge funds
  • Islamic finance capital markets
  • structure of Islamic finance capital markets
  • Understanding financial risk management
  • Limitations on derivatives in sharia’a and Islamic finance
  • Risk and sharia’a compliance
  • Managing profit, yield, market and foreign exchange risks in Islamic finance
  • Islamic finance: regulatory and capital issues
  • Main regulatory bodies for Islamic finance
  • Key regulatory bodies and the international financial system
  • Regulatory challenges for Islamic financial institutions
  • Profit sharing deposits – equity, debt or quasi-equity
  • Displacing commercial risk
  • Understanding instrument risk in Islamic finance

General Notes

  • All our courses can be Tailor-made to participants needs
  • The participant must be conversant with English
  • Presentations are well guided, practical exercise, web-based tutorials and group work. Our facilitators are expert with more than 10years of experience.
  • Upon completion of training the participant will be issued with Foscore development center certificate (FDC-K)
  • Training will be done at Foscore development center (FDC-K) center in Nairobi Kenya. We also offer more than five participants training at requested location within Kenya, more than ten participants within east Africa and more than twenty participant all over the world.
Foscore Development Center, Nairobi Kenya Feb 04 - 15 Feb, 2019

Class Session: 08:30:am - 04:30:am

USD 2,000.00
(Convert Currency)

Jackson Munene +254 712260031

A discount of 10% to 50% for a group of more than two
Foscore Development Center
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