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32 - ISL- Islamic Banking and Finance

ISL 125 - Islamic Banking and Finance

Code Start Date Duration Venue
ISL 125 18 September 2023 5 Days Istanbul Registration Form Link
ISL 125 13 November 2023 5 Days Istanbul Registration Form Link
ISL 125 11 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

The main objective of this course is to provide the participants with a comprehensive understanding of Islamic Banks. It discusses the difference between Islamic bank and Conventional bank and how profit sharing system works in Turkish Islamic Bank. The course also teaches theprinciples and importance of Takaful.

Course Objectives

  • Understanding the key principles of Islamic finance
  • Discussing Islamic banking and main banking instruments
  • Broad understanding of Islamic banks 
  • Introducing Islamic insurance (Takaful) systems

Who Should Attend?

  • Commercial Bankers
  • Insurance / Takaful Professionals
  • Takaful and Insurance Brokers / Agents
  • Takaful and Insurance operations personnel / sales managers
  • Bank regulators and central bankers
  • Advisors on Islamic banking
  • Anyone seeking a basic understanding of the nature and form of Islamic Banking

Course Details/Schedule

Day 1

  • What is Islamic finance?
  • How does Islamic finance work?
  • Deposit in Islamic banks
  • Types of Islamic deposits (current/savings/investment accounts)
  • Loan in Islamic banks 
  • Main Islamic banking instruments
  • Types of Islamic financing instruments (Murabahah, Mudarabah, Musharakah, Salam, Gard Al Hasan)


Day 2

  • Risks in Islamic banks
  • Risk exposures to Islamic banks
  • Risk management in Islamic finance: risk sharing vs. risk transferring
  • Application of conventional risks to Islamic banks

Day 3

  • Foundations of Islamic financial system
  • Key differences between Islamic and conventional banks
  • Understanding the balance sheet and income statement of Islamic banks 

Day 4

  • How does profit sharing system works in Turkish Islamic bank
  • Innovative product developments in Islamic banks

Day 5

  • Islamic Insurance (Takaful) 
  • Takaful structures and models
  • Concepts, Principles and Importance of Takaful
  • Conventional Insurance vs. Takaful
  • Retakaful