Presentation on theme: "Training in Islamic Finance – The Islamic Development Bank"— Presentation transcript:
1Training in Islamic Finance – The Islamic Development Bank
2IRTI :Wide Regional Coverage Over the period , IRTIOrganized 426 Training ProgramsThese were for benefit of IDB Member Countries and Non-Member Countries12575 professionals participated in
3Classification of Training Programs Islamic FinanceIslamic EconomicsPoverty AlleviationPrivate Sector DevelopmentSmall and Medium Enterprises & Micro-FinanceProject Cycle FrameworkInformation Technology for DevelopmentEconomic polices
4Examples of Training Topics In Islamic Finance An Introduction to Islamic FinanceIslamic Modes of FinancingIDB Modes of FinancingInsurance - Takaful from An Islamic Financial System PerspectiveSukuk as Sources of Financing Development ProjectsIslamic Financial Products: Principles and ApplicationsRisk of Financing in Islamic Financial InstitutionsGovernance In Islamic Financial InstitutionsShari’ah Standards for Islamic Financial InstitutionsAccounting and Auditing Standards for Islamic Financial Institutions
5Illustrative of Some of These Examples Topic: NEW PRODUCT DEVELOPMENT IN ISLAMICFINANCIAL INSTITUTIONSMain ObjectivesAllow trainees to learn about the nature and characteristics of Islamic finance as a modality that can be used for providing an alternative approach in compliance with Shari'ah rules.Study the main elements of applied Islamic transactions and differences between traditional financial engineering and Islamic financial engineering.Explore the appropriate setting for Islamic financial products and the way and method of structuring them with special
6Follow….. B. Target Population Admission Requirements reference to Murabaha, Musharaka, Mudharaba, Ijarah, Salam, Istisna’, and treasury products.B. Target PopulationThe target group of the Course is the middle-level managers and executives working in financial institutions, especially banks in the IDB Member Countries.Admission RequirementsUniversity degree in Economics, business Administration, Finance, Laws or equivalent.Be a professional involved in running, launching, and management of banking operations or related Financial institutions in IDB Member Countries.Have a minimum professional experience of three years in one or more of the above fields.
7Follow….. Overview of Islamic Banking and Finance D. Main ContentsOverview of Islamic Banking and FinanceIslamic Alternative Modes of Finance to Conventional Financial TheoryDesign of new Islamic financial Products: Prospects and ChallengesAppropriate Setting for Islamic Financial ProductsIslamic Financial EngineeringStructuring Islamic financial products
8Second Illustrative Example Topic: “Sukuk: Shari’ah and Operational Aspects” Main ObjectivesProvide the participants with a comprehensive understanding of the burgeoning Sukuk product (its origins and future) within the parameters promulgated by the AAOIFI Shari’ah standards.Make a complete coverage of the salient legal, credit and operational aspects relating to varying Sukuk structures possible under different Shari’ah contracts.Evaluate global trends in the Sukuk market as it continues to unfold in sovereign and corporate sectors.Analyze the benefits, costs and risks of Sukuk both from the issuer as well as investor perspectives.
9Follow…..Discuss the potential of Sukuk within the context of the overall Islamic finance landscape and its potential for application in varying capacities for raising funding requirements.B. Target PopulationCourse is designed for university researchers, middle- level officials, executives and bankers working in financial institutions and government corporations.C. Admission RequirementsUniversity degree in Economics, business Administration, Finance, Laws or equivalent.
10Follow…..Be a professional having exposure to finance, banking and other related business activities.Have a minimum professional experience of three years in one or more of the above fields.D. Main ContentsIntroduction to Islamic finance.Discussion of important Fiqh al-Muamalat principles and Fiqh interpretational issues.Understanding the origin of Shari’ah compatible contracts as well as important principles underlying such contracts.Review of key Islamic finance contracts and practical examples.
11Follow…..The practical application of Shari’ah compatible contracts in modern day Islamic banking and finance.Definition and Shari’ah basis of Sukuk.Current Sukuk Market Overview.Comparisons with other conventional capital market products (Bonds, shares, derivatives etc).The Sukuk Issuance process.Legal and documentations issues in Sukuk.Regulatory and tax aspects of Sukuk.Sukuk tradability.Sukuk in the context of corporate financing choices. Sukuk structuring perspectives.