The training programme is conducted under the capacity building with its aim to contribute to the development of institutional capacity within the various segments of Islamic finance. It will facilitate further development of Islamic finance as well as deepen participants/institutions knowledge and skills in the respective area.

By attending this Islamic Banking – Functions and Governance Course, you will:

• Gain an understanding of the operations of Islamic banks
• Learn about the historical development of Islamic banking
• Understand the theoretical foundations of the institutionalisation of Islamic finance
• Get to grips with the functions, products and services and social utility linked with Islamic finance
• Gain an appreciation of governance and regulation
• Learn about the Shariah oversight and the supervisory boards
• Explore the reputation management of the functions and governance within Islamic banks

This Islamic Banking – Functions and Governance Course Ideal for:

• Those who wish to understand the main Islamic principles and concepts which relate to Islamic Banking and finance.
• Islamic Finance professionals
• Corporates and banks issuing Sukuk 
• Islamic investors in Sukuk

Islamic Banks in the Context

Day 1 

• The theoretical foundation of the institutionalisation of Islamic finance
• The historical development of Islamic banking
• The core objectives of Islamic banking
• The conceptual difficulty of banking without riba
• Business models – the bank model versus the non-bank model
• Business lines – retail banks versus wholesale/investment banks
• Surviving in a non-Islamic environment
• The attitude of regulators – Muslim and non-Muslim
• Competing alongside conventional banks
• Liquidity management issues

Day 2

Functions

Products and Services

• Deposits
• Trade finance
• Corporate finance
• Agriculture
• Consumer
• Treasury

Day 3

Balance Sheet

• Asset side
• Liability side
• Accounting peculiarities

Social Utility

• Economic distinction?
• Qard (interest-free loan)
• Charity
• Zakat (religious tax)

Day 4

Governance

Regulation

• Capital adequacy
• Risk management
• Reporting & disclosure
• Central bank support

Shariah Oversight

• Shariah supervisory boards, their role and purpose
• Shariah compliance departments and advisers
• Shariah auditors
• The view of English law on Shariah
• Reputation Management

Day 5

• Case study – Islamic Bank
• Conclusion  

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.