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32 - ISL- Islamic Banking and Finance

ISL 115 - Introduction to Islamic Economics and Finance

Code Start Date Duration Venue
ISL 115 20 May 2024 5 Days Istanbul Registration Form Link
ISL 115 24 June 2024 5 Days Istanbul Registration Form Link
ISL 115 29 July 2024 5 Days Istanbul Registration Form Link
ISL 115 02 September 2024 5 Days Istanbul Registration Form Link
ISL 115 07 October 2024 5 Days Istanbul Registration Form Link
ISL 115 11 November 2024 5 Days Istanbul Registration Form Link
ISL 115 16 December 2024 5 Days Istanbul Registration Form Link
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Course Description

Islamic Finance and transactions is becoming significant field of study and fascination for three reasons. The first is that Islamic finance has a niche hold on the market, and it is developing at a remarkable rate. The second is that the Islamic market demands a particular expertise that combines solid financial knowledge with that of Islamic finance market. Finally, a profound understanding of Islamic finance will help us shape the argument on the new financial order. Islamic finance course can provide seekers of knowledge from different backgrounds with some basic significant information for thought in the financial crisis and it is a step towards deeper understanding of the Islamic Economic System. In short, the market for Islamic finance has established itself as a serious alternative for traditional finance and banking and it certainly covers a wide range of products.

Course Objectives

  • Establishing a sound theoretical background concerning Islamic financial methodology
  • Revealing the Islamic Economic System: Its Basis, Principles, and Objectives
  • Understanding the key principles of Islamic finance
  • Uncovering the sources of Islamic finance and transactions 
  • Discussing Islamic banking and main banking instruments
  • Discovering Islamic capital markets and the development of Sukuk and Islamic investment funds
  • Introducing Islamic insurance (Takaful) systems

Who Should Attend?

  • Businessmen 
  • Managers of companies looking for financing their businesses in an Islamic way
  • Entrepreneurs looking to expand their financial activities
  • Conventional and non-conventional banks employees and workforces
  • Project managers and program planners
  • Researchers in Islamic Economic System

Course Details/Schedule

Day 1

  • History of Islamic finance
  • Source of Islamic jurisprudence
  • Social justice in Islam: the theory and means of achieving it
  • Poverty in Islam and the dispose of it
  • The evolution of the Islamic economic system
  • The theory of usury and its relationship with the international economic system
  • Interest (Riba), uncertainties (Gharar), gambling (Maysir) and prohibited activities
  • Risk sharing vs. risk transferring
  • Restrictions of financial transactions and their reasons

Day 2

  • Islamic economic system: characteristics and basic concepts
  • Need for Islamic economic system 
  • The main pillars of the Islamic economic system
  • A short comparison between Islamic economic system and other systems
  • The role of values and morals in the Islamic economic system
  • The modern trends in the Islamic economic systems and their basis

Day 3

  • The financial system in Islam: financial regulations and rules
  • Stakeholders in Islamic finance
  • Development of global Islamic banking and market trends
  • Banks in the Islamic perception: concept and insight
  • Conventional banks and Islamic banks: are they different?
  • Main Islamic banking instruments
  • Understanding the unique risks of Islamic banking

Day 4

  • Development of Islamic capital markets and market trends
  • The Role of Islamic capital markets in growth and development
  • Islamic bonds (Sukuk) and structures
  • Sukuk types and role of Sukuk in long-term financing
  • Non-bank Islamic financial institutions
  • Islamic investment funds and asset management
  • Investment in secondary markets and Islamic indices 

Day 5

  • Problem with conventional insurance system
  • Islamic Insurance (Takaful) 
  • Takaful structures and models
  • Financial engineering in Islamic finance
  • Design, development and implementation of innovative financial instruments 
  • Standardization of Islamic transactions
  • Regulating and supervising Islamic financial institutions
  • International standards for Islamic finance