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32 - ISL- Islamic Banking and Finance

ISL 101 - Islamic Banking Principles and Applications

Code Start Date Duration Venue
ISL 101 09 October 2023 5 Days Istanbul Registration Form Link
ISL 101 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

This course is designed to teach delegates the principles of Islamic Banking and to highlight the differences between Islamic and conventional banking. It explores the different products and the Islamic market globally and it assesses the relative advantages and disadvantages of each. The course covers important topics of Islamic banking such as unique risks of Islamic banking instruments, Basel III regulations, liquidity management, deposit insurance, Sharia governance, disclosure and product innovation. By the end of the course, delegates will have a full understanding of the products and principles involved in Islamic Banking and how they differ from conventional banking models.

Course Objectives

  • Understanding the principles of Islamic Finance, Shariah law and the key Islamic financial products
  • Comparing and contrasting the components of an Islamic financial institution's balance sheet and income statement to those of a non-Islamic financial institution
  • Identifying the risks particular to Islamic financial Institutions
  • Analysing the funding and treasury activities of Islamic banks and liquidity management
  • Introducing Islamic deposit insurance systems and central bank facilities 
  • Discussing innovative developments

Who Should Attend?

  • Commercial Bankers
  • Board members
  • Bank regulators and central bankers
  • Advisors on Islamic banking
  • Investment Officers
  • Individuals with interest in Islamic Banking and Finance
  • Anyone seeking a basic understanding of the nature and form of Islamic Banking

Course Details/Schedule

Day 1

  • Size of the global Islamic financial system and market trends 
  • Components of Islamic financial system 
  • Foundations of Islamic financial system
  • Characteristics of Islamic Banking 
  • Islamic deposit insurance system and different models 
  • Understanding the balance sheet of Islamic banks
  • Key differences between Islamic and conventional banks
  • Establishment of Islamic banks, Islamic windows and subsidiaries
  • Regulation, Supervision and Auditing of Islamic Financial Institutions

Day 2

  • Intoduction to Islamic Finance
  • Islamic Finance Contracts (Types of Islamic Finance Instruments)
  • Fund Collection in Islamic Banks (Liabilities)
  • Fund Utilization in Islamic Banks (Assets)
  • Islamic Capital Markets (Sukuk)
  • Islamic Capital Markets (Islamic Stocks)
  • Islamic Insurance (Takaful)
  • New Developments in Islamic Finance

Day 3

  • Funding and treasury management in Islamic banks
  • Asset-liability management: Liquidity mismatch and liquidity risk
  • Managing liquidity without using the interbank market
  • Liquidity management instruments (Profit Sharing Fund Management, Commodity Murabahah, Short-term Ijarah Sukuk, Foreign Currency Trading, Equity/Islamic Funds)
  • Corporate governance of Islamic banks
  • Sharia boards and their functions

Day 4

  • Structure and types of capital in Islamic banking
  • Risk Management in Islamic banking
  • Unique risks of Islamic banking instruments and their effects
  • Profit equalization reserve and investment risk reserve policies
  • Basel III and its implications on Islamic banks
  • IFSB 15 and capital adequacy requirement for Islamic banks 

Day 5

  • Lender of last resort and central bank facilities for Islamic banks
  • Islamic financial intermediation
  • Sources and quality of disclosure and transparency
  • Accounting issues for Islamic products
  • Standardization of Islamic products
  • Innovative product developments in Islamic banks (Rosca, microfinance, Saving Finance Companies)
  • Takaful and participation insurance