Islamic finance is a rapidly growing form of ethical finance. With a high CAGR since the early 2000’s, Islamic finance enjoys market shares of above 40% in Kuwait and Saudi Arabia while above 20% in Malaysia and the UAE. New markets and institutions are opening across Africa with Morocco, Sudan, Kenya and Nigeria among the fastest growing markets. In Asia, Turkey and Central Asian republics have joined the ASEAN countries as expanding Islamic finance markets. Pakistan, Bangladesh and Iran are also important markets experiencing dynamic Islamic finance activity.

This exclusive program will examine the concepts and principles relating to Islamic finance, inclusive of banking and capital markets. It defines the vocabulary of Islamic finance; and explains how the Islamic commercial rules impact financial market applications. The main aim of the course is to enable the participants to compare how various Islamic toolkits – sale-based, lease-based and equity-based instruments - are applied in Islamic finance. We will also examine the risk profiles of the different Islamic instruments.

The course will focus on using discussions, exercises, and problems to review various Shariah opinions in the market and ensure participants grasp the core rules governing Islamic tools. The exercises conducted will cover banking and financing applications (retail and corporate), as well as simple Sukuk structures when relevant.

WHAT YOU WILL TAKE AWAY:

• Compare and contrast various Islamic finance instruments
• Analyze the risk profiles of different Islamic finance products offered in the market
• Explain the rationale and Shariah contentions (if any) for different Islamic tools in the global market
• Develop a deeper knowledge base for better product structuring