Course Objectives

The courses is designed for participants seeking an in-depth understanding of how to create new financial products within the framework of the Islamic principles. The course will set out the tools and methodologies of creativity in Islamic finance and banking and the management of financial engineering without stretching the Shari’ah concept outside their appropriate content and spirit. There will be case studies and interactive exercises throughout the program.
 

Register

Back to Top

This is a comprehensive program designed to give delegates an all round understanding of the issues involved in Risk management for Shari’ah banking.

The course is specifically targeted at:

• Investment Bankers

• Corporate and Commercial Bankers

• Corporate Financiers

• Private Bankers

• Analysts

• Risk Management Managers

• Consultants

• Lawyers

• Investment Advisors

• Regulators

• Auditors and compliance professionals
   

Register

Back to Top

Day 1

• Why Islamic financing instruments

• Financial Contracts in Shari’ah and in common law

  • Commonality of general requirements

  • Specific emphasis in Shari’ah

• Compatibility of Financing Contracts with Shari’ah

  • Justification of earning: ownership versus actual work

  • Prohibition of interest

  • Implication of requirements for currency

  • Other non-permissible contracts

Day 2

• Requisites for Islamic Financial Engineering

  • Shari'ah requisites

  • Legal requisites

  • Practitioner's requisites

  • Conventional financing knowledge requisites

• Engineered Islamic Financing contracts

  • The Murabaha Era

  • Istisna'

  • Compound Salam

Day 3

• New Approaches to Islamic financial engineering

• New financing contracts for liquidity management

  • Tawarruq

  • Reversed Murabahah

  • International Inventory Financing

  • International reversed Murabahah

• New financing contracts for corporations

  • o Purchase/installment sale

  • o BBA (Purchase/lease back)

  • o BOT and output/revenue sharing

  • o Inventory Murabahah financing

  • o Three party Istisna’

• New financing contracts for government

  • Output sharing and BOT

  • Constructions of Schools

  • Build/lease operations

Day 4

• Incorporating risk mitigation methods

  • Equity hedging

  • Third party guarantee

  • Liquidity commodity investment

  • Redemption and open offer

Day 5

• Securitization and Sukuk

  • The foundation of Islamic securitization

  • Ownership and Sharikat al Milk

  • Negotiability conditions

• Ijarah-based Sukuk

  • Leased property Sukuk

  • Manafi’ Sukuko Services Sukuk

  • Case Studies

• Revenue-generating property Sukuk

  • Revenue sharing Sukuk

  • Temporary common shares

• Islamic swap

  • Converting Conventional Debts instruments into Sharing Securities

  • Converting Debt Instruments into Asset-Based Rent-Generating Securities

  • Converting Debt Instruments into Tradable Usufruct Securities

  • Converting Debt Instruments into non-Tradable Usufruct Securities

  • Converting Debt Instruments into Inventory Securities,

  • Converting Debt Instruments into Bundles’ Securities.

Register

Back to Top

Having written over 27 books and booklets in English and Arabic, and over 80 papers, Dr. Monzer Kahf has focused on Islamic finance and economics for over 33 years.

In addition, Dr. Kahf has been both working and training people in the field. His served as Professor of Islamic economics and banking at the graduate program in Islamic Economics at the Yarmouk University, Jordan, 2004-2005 and as a senior research economist at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank from 1985 – 1999. Currently, Dr. Kahf has his own consultancy and training business that provides consultation, training, auditing and instruction in the field of Islamic finance, banking and economics.

Dr. Kahf has organized and conducted many training courses at IDB, IRTI, commercial Islamic banks, and other banking institutions in several countries in the Middle East, South and Southeast Asia, West Africa, Europe and North America. He has also trained people in Islamic Economics, Zakah and Awqaf. He has been an invited lecturer/speaker on Islamic banking, finance and economics by several national and international training and teaching institutions and conferences in several countries. He has also been a collaborating expert at the Islamic Fiqh Academy of the Organization of Islamic Conference (OIC) and member of several of its technical and methodological committees on Shari’ah and economics.

Dr. Kahf was awarded the IDB Prize for Islamic Economics, 2001 and the President of Syria Award for best University Graduating Student, July 1962. Dr. Kahf is fluent in English, Arabic and knows French.
 

Register

Back to Top