Islamic Financial Management Seminar

INTRODUCTION

Islamic finance is a rapidly growing sector of the global financial industry, offering a distinct and ethical approach to banking and finance based on Shariah principles. This Islamic Financial Management course is designed to give participants an in-depth understanding of Islamic finance, from its fundamental concepts to its application in today's financial landscape. Participants will explore key differences between Islamic and conventional financial systems, recent trends, and how to structure Islamic financial products that align with Shariah law. This Islamic Financial Management seminar not only covers the theoretical foundations but also provides practical insights into Islamic financial products, corporate governance, risk management, and accounting. Whether you're involved in finance or just keen on understanding the principles that drive the Islamic financial market, this course equips you with the tools and knowledge to navigate this dynamic field effectively.

COURSE OBJECTIVES

By the end of this Islamic Financial Management course, participants will:

• Understand the core principles of Islamic banking and finance.
• Explore the developments in Islamic economics, banking, and finance.
• Identify a range of commonly used Islamic financial products and services.
• Analyze the relationship between Islamic finance and conventional finance.
• Gain awareness of trends, economic benefits, and principles behind Islamic portfolios.
• Evaluate key differences between Islamic and conventional securities markets.
• Examine risk management techniques from an Islamic perspective.
• Distinguish between conventional insurance and Takaful.
• Develop practical skills for applying ethics in Islamic corporate governance.
• Compare Islamic and conventional accounting systems.

DURATION

10 Days

WHO SHOULD ATTEND

This Islamic Financial Management course is ideal for:

• Directors
• Managers
• Operations staff
• Marketing personnel
• Shari'ah scholars
• Auditors

COURSE CONTENT

Module 1

• Introduction to Islamic financial markets
• Provision of Shariah-compliant financial services
• Defining the Islamic financial market
• The rationale for growth in Shariah-compliant financial services
• Core principles of Islamic investment and finance

Module 2

• Key rules in structuring Islamic finance
• Role and importance of Shariah in Islamic finance
• Islamic vs. conventional finance
• Prohibitions under Islamic law
• Structuring Shariah-compliant products

Module 3

• Understanding Islamic finance asset classes
• Murabaha contracts (sales)
• Mechanics of Murabaha on credit
• Revolving Murabaha

Module 4

• Islamic finance products: Letters of credit, guarantees, and Islamic credit cards
• Wakala and Kafala in financial structures
• Shariah-compliant credit card rules

Module 5

• Ijara (leasing) in Islamic finance
• Salam (forward sales) and Istisna (construction or manufacturing)

Module 6

• AAOIFI and IFSB standards
• Applications of Islamic finance in modern markets
• Organizational structures for Islamic finance

Module 7

• Musharaka (partnership), Mudaraba (silent partnership), and Wakalah (agency)
• Key principles behind Shariah-compliant business organizations
• Applications for wealth management and private banking

Module 8

• Islamic finance advisory services and challenges
• Managing Islamic finance funds and capital markets
• Islamic hedge funds and stock market investments

Module 9

• Understanding financial risk management in Islamic finance
• Shariah limitations on derivatives
• Managing market, profit, and currency risks

Module 10

• Regulatory bodies governing Islamic finance
• Regulatory challenges for Islamic financial institutions
• Managing profit-sharing deposits and commercial risks

GENERAL NOTES

• This course is delivered by seasoned trainers with extensive expertise in Islamic finance.
• The course includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• A certificate will be awarded upon successful course completion.
• We offer tailor-made courses to meet specific organizational needs. Contact us for more details at training@skillsforafrica.org.
• The training will be held at SKILLS FOR AFRICA TRAINING INSTITUTE in Nairobi, Kenya.
• The training fee includes tuition, materials, lunch, and venue costs. Accommodation and airport transfer can be arranged upon request.
• Payment should be made before the training begins, with proof sent to: training@skillsforafrica.org.