Day-1
Session -1 Fundamentals of Islamic Banking
- Basics of Islamic Banking & Finance
- Introduction & types of Riba?
- Differences between Islamic & conventional Banking.
- Islamic Banking and Finance Word wide
- Product Structures & Mechanisms of Islamic Banking
Session -2 Islamic Banking Products
Partnership based Financing
- Musharaka & Modaraba
- Basics of Musharaka & Modarbah
- Internal Product Structures of Musharaka & Mudarbah
- Profit & Loss Distribution
- Practical implementations in Islamic Banks
- Accounting & Shariah Standrands for Musharkah & Mudarbah
Session 3 Islamic Banking Products
Trade Base Financing
- Bai (Buying & Selling)
- Definition of Bai
- Basic rules & types of Bai
- Bai Murabahah
- Basic Features of Mudarabah
- Murabaha as financing mode
- Stages involve in Murabaha sale
- Shariah compliance & Murabaha Products
- Legal documentation of Murabaha contract
- Murabaha in International Trade.
- Practical aspects & Issues of Murabaha.
- Case study
- Bai Salam & Istisna
- Differnce Between Salam & Istisna
- Internal Mechnisms of Salam & Istisna financing
- Salam is the Ideal Product for Islamic Agriculture Finance
- Practices of Istisna in industry financing
- Legal and documentation and Shariah Prospects
- Concept of Parallel Salam
- Case Study
Rental Based Financing
- Ijarah ( Islamic Lease )
- What is leasing?
- Sharia’h alternative - Ijarah.
- Ijarah ( Operating Lease ) vs. conventional leasing ( Financial Leasing
- Sharia’h compliance of Ijarah
- Legal framework & documentations for ijarah products
- Basic feature of Ijarah contract & Its Operational Mechanism
- Practical aspects & Issues of Ijarah.
- Case study
- Diminishing Musharaka
- Definition of Diminishing Musharkah
- Determination of Rental Mechanism Diminishing Musharkah
- Unit Sale Mechanism
- Shariah and Accounting Standards of Diminishing Musharkah
- Case Study
Day-2
Session -1 Introduction of Takaful
- Philosophy and concept of Takaful
- Shariah principles on Takaful
- Indemnity in Islam
- The concept of Riba , Maysir & Gharar in insurance
Session -2 Takaful Models and Products
- Mudaraba Model
- Wakala Model
- Wakala -Waqf Model
Takaful Products
General Takaful Product
- Property Takaful
- Marine Takaful
- Motor Takaful
- Miscellaneous Takaful
Family Takaful Products
- Term Life Takaful
- Whole Life Takaful
- Endowment Takaful
- Universal Takaful
- Marriage Plan
- Education Plan
BancaTakaful, Micro Takaful and Re Takaful
Session -3 Technical & Legal Aspects of Takaful
- Takaful Policy Document / Participants’ Membership Document
- Pricing issues
- Regulatory framework of Takaful
- Legal contract of Takaful
- Shariah auditing in Takaful practices
- Issues and recommendations
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Day-3
Session -1 Islamic Housing Finance
- Understanding the key concepts of Islamic Housing Finance.
- Diminishing Musharakah (DM) as Ideal Product for Housing Finance.
- Role of Ijarah in Islamic Housing Finance
- Shariah compliance of Islamic Housing Finance Products.
- Legal Regularity framework of Islamic Housing Finance products.
- Documentation
- Islamic Housing Finance Worldwide.
- Potential Growth of Islamic Housing Finance Products.
- Islamic Micro Housing Finance.
- Case study
Session -2 Real Estate Investment Trust (REITs)
- Basic Features of REITs
- Structure, operation and performance of REITs
- Rule & Regulation of REITS.
- Development REITs & Rental REITs
- Legal documentation.
- Islamic REITs.
- Growth opportunities in the evolving Islamic REITs market
Day -4
Session -1 Islamic Micro/ Rural Finance
- Basics of Islamic Microfinance.
- Islamic Microfinance – Outreach and Sustainability
- Fund Mobilization & Mode of Financing in IMFI’s
- Role of Zakah & Awqaf in Islamic Microfinance Institutions
- Deposit Product of IMF’s
- Trade Base Products of IMF
- Profit Sharing Financing Mechanism for IMF
- Islamic Rural/Agricultural Finance
- Case Studies
- CWCD
- NRSP
Session-2 Sukuk
- Introduction to securitization
- Sukuk - the ever growing market
- Sukuk & Securitization
- Sukuk characterization according to AAOIFI
- Sukuk vis-a-viz Bonds
- AAOIFI Shariah standards for Issuing Sukuk.
- Various types of investment Sukuk under AAOIFI standards
- Issues & Challenges to make Sukuk Shariah Compliance
- Regulatory aspects of Sukuk
Day-5
Session -1Introduction to Shariah (Islamic Law)
- Introduction to Islamic terminologies
- Primary sources of Shariah
- Secondary sources of Shariah
- Rules and objective of Shariah
• Islamic Commercial Law
- Islamic legal maxims
- Islamic law of property and ownership
• Islamic Law of Contract
- Theory / formation of contract
- Performance, breach and remedies
Session -2
Advance AAOIFI Shariah Standards |
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