Principles of Shari’ah-Compliant Banking

Accredited by: Islamic Research & Training Institute -IDB
                         General Counsel for Islamic Banks and Financial

16 – 17 March 2008       Jeddah Sheraton Hotel          Saudi

Course Objectives:

• Educate bankers and staff members of other financial institutions on the basics of the requirements of Islamic banking, and develop their skills in this field; 
• Examining and discussing aspects of Shariah governing banking operations; 
• Studying Islamic modes of financing that regulate banking operations in compliance with Shariah rules;
• Studying experiences of some banks which have formed investment portfolios based on Islamic finance

Who Should attend:

Employee(s) who are working at Islamic banks and conventional banks offering Islamic financial services, particularly bank personnel or the junior bankers who have not previously been involved in Shari'ah-compatible banking operations

By attending this Course, the added values that the participants will get include:

• Exposure to knowledge and experiences of leading finance experts and high-level specialists in Islamic finance.
• One year membership of MFTC Professional body.
• Certificate of attendance from Managerial & Financial Training Center- MFTC accredited by the General Council for Islamic Banks and Financial Institutions- Bahrain
• Certificate of attendance from Islamic Research and Training Institute- IRTI member of IDB group
• 50 Credit Point to the certificate of Islamic Banker from the General Counsel for Islamic Banks and Financial Institutions- Bahrain
  

Day One - Date

Introduction to Islamic Finance

• Objectives of Islamic Finance
• Principles of Islamic Finance

Theories of Interest

• Riba Theories
  • Riba al-Fadhl
  • Riba al-Nasee’ah
• Gharar Theories

Rules and Principles of Exchange in Islamic Finance
Exercise: Cases applied to interest and the types of Riba and Gharar

Day Two - Date

Principle of Shariah-Complaint Banking.

• Banking: According to Murabaha
• Banking: According to Salam and Istisna'
• Banking: According to Ijara (Islamic Leasing)
• Banking: According to Musharakah and Mudarabah
  

Exercises: Practical Applications of Islamic Modes  of Finance in Banking Transactions.