Islamic Finance Qualification (In-House)

LEORON Professional Development Institute
Training overview
Corporate / Group Training
5 days

Start dates
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Course description

Islamic Finance Qualification (In-House)

Islamic finance has been growing steadily at an estimated rate of 10–15% per year and is currently estimated to haveassets of around $1 trillion US dollars. As such, it has become an increasingly attractive sector within the financial industry. To be able to understand Islamic finance, it is necessary to understand the principles it is based on, and the fact that Sharia’a governs all aspects of a Muslim’s life. The purpose of this course is to help understand the main Islamic principles and concepts in relation to Islamic banking and finance.

Who should attend?

This course is designed for those who wish to understand the main Islamic principles and concepts which relate to Islamic Banking and finance.

Training content

ELEMENT 1 The Basis of Islamic Banking and Finance

  • The ethical underpinning of Islamic finance
  • The role of the Sharia’a
  • Qur’an and Sunnah approaches to Islamic Finance

ELEMENT 2 An Introduction to Islamic Banking and Finance

  • The development of Islamic finance and banking
  • Main functions of Islamic banks
  • Operating structures and organisational forms adopted by the Islamic Financial Services Industry
  • Institutional bodies overseeing and/or supporting Islamic finance and banking

ELEMENT 3 Islamic Law of Contracts

  • The ethical precepts relating to Islamic business
  • The major prohibitions in Islamic Finance (Riba, Gharar)
  • The classification of and conditions applied to contracts with respect to their effect: Sahih, Fasid and Batil
  • The nature of the security contracts: Hawala, Kafala, Rahn

ELEMENT 4 Financial Contracts and Techniques Applied by Islamic Banks

  • The distinction between a conventional bank intermediary and an Islamic intermediary
  • The operation of current accounts in Islamic banking
  • Fund Management in Islamic Finance
  • The use of Ijara Mawsoofa Bil Thimma (Forward Lease)

ELEMENT 5 Islamic Investment Management

  • The Islamic investment guidelines
  • Islamic contracts in structuring Islamic investment funds
  • The approaches used to manage the market risk of portfolios and equity funds
  • The benefits of direct investments: Shares and Real Estate

ELEMENT 6 Sukuk Market

  • Introduction and Basic overview of the Sukuk Market
  • The differences between conventional and Islamic securities
  • The responsibilities of the different parties to a Sukuk
  • Sukuk standards and Capital Market considerations

ELEMENT 7 Islamic Insurance – Takaful

  • The position of Islam regarding insurance
  • The origins of Takaful
  • The risks associated with Takaful claims and their mitigation

ELEMENT 8 Financial Statements

  • The conceptual framework of International Financial Reporting Standards (IFRS)
  • Path towards the establishment of Islamic Accounting Standards
  • The conceptual framework of AAOIFI financial accounting statements

ELEMENT 9 Islamic Corporate Governance

  • The origins and nature of Corporate Governance
  • Corporate Governance challenges in Islamic Banking
  • The roles of the Sharia’a Supervisory Board in the Corporate Governance of an Islamic bank

Certification / Credits

  • Earn CPD hours upon successful completion of the qualification
  • Access to Associate membership and ACSI designatory letters
  • Successful completion of the exam will lead to the IFQ Qualification attainment offered by the CISI.
  • CISI Student membership– become associated with a Chartered professional body and take advantage ofan extensive range of benefits

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

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