An objective analysis of the Islamic financial services industry indicates that standardization of products and systems is still to be achieved. Variances in product offerings have clear implications for the commercial and other viability of products, which can be better understood by analysing the associated risks, concerns and flashpoints that exist in relation to each. The most important of these concerns relate to Shariah risk and credit risk, as well as to certain other types of risks. The need to possess sound knowledge of products and their associated issues and risks is a vital one and is fundamentally relevant to many parts of the bank.

Furthermore, numerous standards and guidelines have been produced by standard-setting bodies that provide crucial guidance regarding implementation of best practice and oversight in relation to risk management within Islamic Banks. The most relevant of these relate to overall risk management, liquidity risk management, and Shariah governance requirements which connect with risk issues. It is essential for Islamic finance professionals to have adequate knowledge of such best practice principles to effectively and efficiently execute their responsibilities.

Keeping the above in mind, this practical and interactive course has been designed to provide comprehensive coverage of the key issues relating to risk management in Islamic Banks.

This course will provide an excellent opportunity for individuals to strengthen their understanding of key risks in product structuring and management. In addition, it will also be highly beneficial to those with an intermediate grasp of the subject to plug their knowledge gaps and gain a well-rounded understanding of the overall subject of risk management in Islamic Banks.

Discussion will be supplemented by the use of practical examples and exercises to gain a sound understanding of the overall subject matter.

• Gain familiarity with the various IFSB regulations and guidelines relating to overall risk management, liquidity risk management, and Shariah governance requirements which connect with risk issues.
• Understand the different types of key risks that exist in Islamic Banks’ products, and to understand how to minimize and mitigate them.
• Examine the spectrum of risks relating to the operation of all major and relevant product types, and the main variants within those product types.
• Identify key potential obstacles to help us understand how to offer these products in the best possible way, with the minimum risks.