Background

Islamic finance is a centuries-old practice that is gaining recognition throughout the world. Given the increasing development of Muslim nations, it is expected that this field will undergo a rapid evolution. Islamic finance strives to promote inclusion within the financial services industry. Many Islamic beliefs impose boundaries, restrictions, or limitations on financial matters such as what are the acceptable types of income or business practices. These practices may conflict with non-Islamic financial instruments. In an effort to not exclude a body of individuals due to their religious beliefs, a set of Islamic financial principals and financial system entities cater to the accepted financial practices of Islam.

Objectives

This course is aimed at ensuring that participants:

1. Have an overview knowledge of Islamic banking principles and practices;
2. Understand the differences between conventional and Islamic banking systems;
3. Explore the various products and services offered by Islamic banks; and
4. Have gained an understanding of the Islamic financial system and its role in the global economy.

Content

The course will cover the following areas:

1. Introduction to Islamic Banking;
2. Definition of Islamic Banking;
3. Historical Background of Islamic Banking;
4. Basic Principles of Islamic Banking;
5. Differences Between Conventional and Islamic Banking;
6. Products and Services of Islamic Banks;
7. Islamic Financial System; and
8. Islamic Banking in the Global Economy.

Target Group

The target group includes Corporate Financiers, Investment, Corporate, Commercial and Private Bankers, Portfolio Managers, Investment Advisors, Consultants and Lawyers, Regulators, Governmental Representatives, Compliance and Risk Professionals, Fund Managers and Asset Managers.