15 Topics
10 Days
75 Sessions
Programme Overview
Training Description
Who Should Attend
- Finance and accounting professionals
- Internal auditors
- Investment and asset management professionals
- Treasury professionals
- Product development and innovation teams
- Microfinance and financial inclusion professionals
- Financial-sector regulators and policymakers
- Senior executives and board members
- Professionals seeking to develop expertise in Islamic banking
Session Objectives
- Understand the fundamental principles of Sharia governing Islamic finance.
- Differentiate between Islamic and conventional banking models and their products.
- Master the mechanics and application of key Sharia-compliant products (e.g., Murabaha, Ijarah, Mudarabah).
- Identify and assess unique risks inherent in Islamic banking operations.
- Develop effective risk management strategies for Islamic financial products.
- Comprehend the role and functions of Sharia Supervisory Boards in governance.
- Learn about liquidity management and capital adequacy in Islamic banks.
- Explore the regulatory and legal frameworks governing Islamic finance globally.
- Acquire skills in product development and innovation within Sharia guidelines.
About the Course
Islamic Banking Mastery: Products, Risk, and Operations is a comprehensive training course designed to equip banking and financial-services professionals with practical knowledge of Islamic banking principles, Sharia-compliant products, operational processes, governance, and risk management.The course provides a practical understanding of how Islamic banks structure and deliver financial products while observing Sharia principles. Participants will explore major Islamic financing and investment contracts, deposit products, trade finance, liquidity management, risk controls, Sharia governance, compliance, and operational best practices. The training also examines emerging developments in digital Islamic banking and product innovation.
Curriculum & Topics
15 Topics | 75 Sessions
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Workshop 1.1:
• Historical context and evolution of Islamic finance.
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Workshop 1.2:
• Core principles of Sharia (Riba, Gharar, Maysir, Halal/Haram).
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Workshop 1.3:
• Ethical and philosophical underpinnings of Islamic banking.
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Workshop 1.4:
• Key distinctions between Islamic and conventional financial systems.
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Workshop 1.5:
• Global landscape and growth of Islamic banking.
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Workshop 2.1:
• Current accounts (Qard) and their operational aspects.
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Workshop 2.2:
• Savings accounts (Wadiah, Mudarabah) and profit distribution.
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Workshop 2.3:
• Investment accounts (Mudarabah, Wakalah) for depositors.
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Workshop 2.4:
• Understanding the risk-sharing paradigm for deposits.
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Workshop 2.5:
• Customer relationship management in Islamic deposits.
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Workshop 3.1:
• Murabaha (Cost-Plus Sale): structure, applications, and risk.
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Workshop 3.2:
• Musawamah (Bargaining Sale) and its uses.
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Workshop 3.3:
• Salam (Forward Sale) and its role in agricultural/commodity finance.
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Workshop 3.4:
• Istisna' (Manufacturing Contract) for project finance.
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Workshop 3.5:
• Case studies and practical structuring of trade finance products.
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Workshop 4.1:
• Ijarah (Leasing): operating lease vs. finance lease (Ijarah Muntahia Bil Tamleek).
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Workshop 4.2:
• Musharakah (Partnership/Joint Venture): diminishing Musharakah, permanent Musharakah.
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Workshop 4.3:
• Mudarabah (Profit-Sharing Partnership): unrestricted vs. restricted.
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Workshop 4.4:
• Sukuk (Islamic Bonds): types, issuance, and secondary market.
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Workshop 4.5:
• Structuring complex asset-backed financing deals.
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Workshop 5.1:
• Overview of conventional financial risks: credit, market, operational, liquidity.
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Workshop 5.2:
• Unique risks in Islamic banking: Sharia non-compliance risk, equity investment risk.
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Workshop 5.3:
• Operationalizing risk management across Sharia-compliant products.
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Workshop 5.4:
• Risk sharing and mitigation mechanisms inherent in Islamic contracts.
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Workshop 5.5:
• Basel III and IFSB standards for risk management in Islamic banks.
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Workshop 6.1:
• Assessing creditworthiness in Sharia-compliant financing.
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Workshop 6.2:
• Collateral and guarantees in Islamic contracts.
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Workshop 6.3:
• Default management and recovery in the absence of interest.
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Workshop 6.4:
• Managing portfolio credit risk for various Islamic products.
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Workshop 6.5:
• Specific challenges in managing credit risk for Mudarabah/Musharakah.
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Workshop 7.1:
• Sources of liquidity risk unique to Islamic banks.
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Workshop 7.2:
• Islamic money market instruments: Commodity Murabaha, Sukuk repos.
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Workshop 7.3:
• Central bank facilities and interbank Islamic financing.
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Workshop 7.4:
• Developing liquidity contingency funding plans.
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Workshop 7.5:
• Impact of Sharia principles on liquidity management tools.
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Workshop 8.1:
• Identifying and mitigating operational risks specific to Islamic finance.
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Workshop 8.2:
• Fraud prevention and internal controls in Sharia-compliant operations.
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Workshop 8.3:
• Ensuring Sharia compliance throughout operational processes.
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Workshop 8.4:
• Technology and automation in Islamic banking operations.
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Workshop 8.5:
• Business continuity planning and disaster recovery.
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Workshop 9.1:
• Role and responsibilities of the Sharia Supervisory Board (SSB).
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Workshop 9.2:
• Qualifications and appointment of Sharia scholars.
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Workshop 9.3:
• Fatwa issuance process and its authority.
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Workshop 9.4:
• Sharia audit and compliance review mechanisms.
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Workshop 9.5:
• Corporate governance best practices in Islamic financial institutions.
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Workshop 10.1:
• Key global regulatory bodies: IFSB, AAOIFI, OIC.
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Workshop 10.2:
• National regulatory approaches to Islamic banking.
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Workshop 10.3:
• Legal enforceability of Islamic financial contracts.
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Workshop 10.4:
• Dispute resolution mechanisms in Islamic finance.
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Workshop 10.5:
• Convergence and divergence of regulatory frameworks.
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Workshop 11.1:
• Capital computation for Islamic banks (Tier 1, Tier 2).
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Workshop 11.2:
• Applying Basel III standards to Islamic financial institutions.
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Workshop 11.3:
• Risk-weighted assets (RWA) for Sharia-compliant products.
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Workshop 11.4:
• Stress testing and capital planning in Islamic banking.
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Workshop 11.5:
• Profit equalization reserves (PER) and investment risk reserves (IRR).
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Workshop 12.1:
• Sharia-compliant investment strategies for Islamic banks.
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Workshop 12.2:
• Managing foreign exchange risk in an Islamic context.
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Workshop 12.3:
• Proprietary investments and fund management (Islamic equity funds, Sukuk funds).
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Workshop 12.4:
• Ethical screening of investments (Halal investing).
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Workshop 12.5:
• Role of Takaful (Islamic insurance) in risk transfer.
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Workshop 13.1:
• Methodology for developing new Sharia-compliant products.
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Workshop 13.2:
• Ensuring Sharia authenticity and market viability.
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Workshop 13.3:
• Innovation in digital Islamic finance (FinTech, blockchain applications).
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Workshop 13.4:
• Addressing contemporary financial needs with Sharia solutions.
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Workshop 13.5:
• Case studies of successful and challenging product innovations.
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Workshop 14.1:
• Communicating the value proposition of Islamic banking.
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Workshop 14.2:
• Building trust and confidence with Sharia-conscious clients.
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Workshop 14.3:
• Marketing strategies for Sharia-compliant products.
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Workshop 14.4:
• Addressing common misconceptions about Islamic finance.
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Workshop 14.5:
• Client lifecycle management in an ethical banking context.
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Workshop 15.1:
• Growth drivers and emerging markets for Islamic finance.
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Workshop 15.2:
• Impact of sustainability (ESG) on Islamic banking.
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Workshop 15.3:
• The role of social finance (Zakat, Waqf, Sadaqa) in modern Islamic banking.
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Workshop 15.4:
• Challenges: standardization, talent, public perception.
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Workshop 15.5:
• Strategic outlook and opportunities for the Islamic finance industry.
