Its is widely accepted that Islamic Finance is one of the fastest growing area of International Finance. As Al-Huda is working for the Promotion, Awareness and Educational Training for Islamic Finance. We are pleased to introduce you a comprehensive 2 days specialized Training course tailored to provide you with clear understanding of the characteristics and parameters underlying “Islamic Housing Financing Mechanism. This course is basically designed for learning about the Theory and Practice of three important modes of Islam Finance that is Diminishing Musharaka , Istisna and Sukuk, all are related with Islamic Housing Finance Industry. At the end of this course, we hope that you will leave with a detailed understanding of the various aspects of these Shariah Complaint products.
Diminshing Musharka & Istisna’
  • Understanding the key concepts of Islamic housing Finance.
  • Ijara vs conventional leasing
  • Shariah compliance of ijara
  • Legal Regularity framework of DM & Istisna’ products
  • Documentation of DM & Istisna
  • Case study
Sukuk & Real Estate Investment Trust (REITs)
  • Basic Features of Sukuk.
  • Structure, operation and performance of Sukuk in Housing Industry.
  • Stages involve in Sukuk Transaction
  • Growth opportunitiesin the evolving Islamic REITs market
  • Legal documentation
  • Case study
    • Zam Zam Tower – KSA
    • Emaar & Amlak Sukuk- UAE
 - Mufti Ifthikar Beig,
     Sharia Advisor Prime Bank.
     Dar-ul-Uloom, Karachi.
 - Muhammad Asad.
     Head of Islamic Banking :Kyber Bank.
 - Hamad Rasool
     Director First WAPDA Sukuk Co.
     Director First Credit Investment Bank.
 - Zubair Mughal.
     Director : AlHuda CIBE.
 - Sibghat Ullah
     Assistant Director SECP.
  Dates : 26 & 27 February, 2007,
  Duration : 2 Days ( 9:00 to 5:00)
  Venue: Behria Town, Rawalpindi.
  Fee: 6,000/- (With lunch and Reading Material)

  AlHuda , Suite# 9, 2nd Floor, Gohar Center , Wahadat Road, Lahore.
  Ph : 42-5858990 – 8407850 Fax: 5858990
  Web :
  Email :

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