Introduction:
Agricultural operations/seasonality
- Farm Operations:
- Land preparation
- Sowing
- Fertilizer/pesticides application
- Weeding
- Harvesting
- Marketing
- Non Farm Operations:
- Rearing of livestock
- Off farm enterprise
Murabaha
- Structure of Shariah compliant Murabaha as used by Islamic Banks.
- Financing of working capital requirements of farmers through Murabaha.
- Murabaha contract/process flow.
- Various risks associated with Murabaha financing and their management.
- Murabaha price and booking of Murabaha.
- Some accounting/prudential regulations applicable to Islamic banks/agricultural financing (AAOIFI + SBP).
Salam and Parallel Salam
- Structure of Salam and Parallel Salam.
- Application of Salam in financing liquidity requirements of farmers.
- Use of Murabaha and Salam to finance various production and consumption needs of farmers. (Proper utilization of finance perspective).
- Practical application in various seasonal operations of agricultural production cycle.
Musharakah, Muzara’, and Diminishing Musharakah
- Concept of Musharakah and its variants.
- Shariah legitimacy of Muzara financing and application for share cropping.
- Musharakah of bank, farmers, and agricultural extension advisory.
- Concept of Diminishing Musharkah and application for financing agricultural machinery.
- Various contracts involved in Diminishing Musharakah and Shariah issues regarding combination of contracts.
- Group exercise regarding Diminishing Musharakah.
Ijarah ( Islamic Lease )
- Shariah Principals & Mechanism of Ijarah.Â
- Use of Ijarah in Agricultural Finance
- Ijarah as ideal mode for financing for agricultural durable ( Tractors, Machinery etc )
Sukuk ( Islamic Bonds ) for Agricultural Sectors
- Muzara’ Sukuk  (An innovative product for corporate farming )
- Sukuk Al Musaqa, and Sukuk Al Muqarasa ( Agricultural Sector Sukuk )
- Structure, Operation & Performance of Agricultural Sukuk.
Takaful ( Islamic Insurance )
- What is Takaful
- Shariah Principle of Takaful
- Takaful Products for Crops & Livestock
Micro Takaful for Agri/Rural Development. |