Islamic Finance Qualification

LEORON Professional Development Institute
Training overview
Professional Course
Classroom
5 days
From 4,190 USD
Start dates
Dubai
4,190 USD
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Course description

CISI Islamic Finance Qualification - 5 day course

Islamic finance has been growing steadily at an estimated rate of 10–15% per year and is currently estimated to have
assets of around $1 trillion US dollars. As such, it has become an increasingly attractive sector within the financial industry.To be able to understand Islamic finance, it is necessary to understand the principles it is based on, and the fact thatSharia’a governs all aspects of a Muslim’s life. The purpose of this course is to help understand the main Islamic principlesand concepts in relation to Islamic banking and finance.

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Who should attend?

This course is designed for those who wish to understand the main Islamic principles and concepts which relate to Islamic Banking and finance.

Training content

ELEMENT 1 The Basis of Islamic Bankingand Finance

  • The ethical underpinning of Islamic finance
  • The role of the Sharia’a
  • Qur’an and Sunnah approaches to Islamic Finance

ELEMENT 2 An Introduction to Islamic Bankingand Finance

  • The development of Islamic finance and banking
  • Main functions of Islamic banks
  • Operating structures and organisational formsadopted by the Islamic Financial Services Industry
  • Institutional bodies overseeing and/or supportingIslamic finance and banking

ELEMENT 3 Islamic Law of Contracts

  • The ethical precepts relating to Islamic business
  • The major prohibitions in Islamic Finance (Riba, Gharar)
  • The classification of and conditions applied to contractswith respect to their effect: Sahih, Fasid and Batil
  • The nature of the security contracts: Hawala, Kafala, Rahn

ELEMENT 4 Financial Contracts and TechniquesApplied by Islamic Banks

  • The distinction between a conventional bank intermediaryand an Islamic intermediary
  • The operation of current accounts in Islamic banking
  • Fund Management in Islamic Finance
  • The use of Ijara Mawsoofa Bil Thimma (Forward Lease)

ELEMENT 5 Islamic Investment Management

  • The Islamic investment guidelines
  • Islamic contracts in structuring Islamic investment funds
  • The approaches used to manage the market risk ofportfolios and equity funds
  • The benefits of direct investments: Shares and Real Estate

ELEMENT 6 Sukuk Market

  • Introduction and Basic overview of the Sukuk Market
  • The differences between conventional and Islamicsecurities
  • The responsibilities of the different parties to a Sukuk
  • Sukuk standards and Capital Market considerations

ELEMENT 7 Islamic Insurance – Takaful

  • The position of Islam regarding insurance
  • The origins of Takaful
  • The risks associated with Takaful claims and theirmitigation

ELEMENT 8 Financial Statements

  • The conceptual framework of International FinancialReporting Standards (IFRS)
  • Path towards the establishment of Islamic AccountingStandards
  • The conceptual framework of AAOIFI financial accountingstatements

ELEMENT 9 Islamic Corporate Governance

  • The origins and nature of Corporate Governance
  • Corporate Governance challenges in Islamic Banking
  • The roles of the Sharia’a Supervisory Board in theCorporate Governance of an Islamic bank

Certification / Credits

  • Earn CPD hours upon successful completion of thequalification
  • Access to Associate membership and ACSIdesignatory letters
  • Successful completion of the exam will lead to theIFQ Qualification attainment offered by the CISI.
  • CISI Student membership– become associated witha Chartered professional body and take advantage of
    an extensive range of benefits

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...


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LEORON Professional Development Institute

OFFICE 502, JLT
Dubai

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