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About Training
The Republic of Uganda is a landlocked country located in East Africa.Its neighboring countries include Kenya, South Sudan, Congo, Rwanda and Tanzania.Uganda is one of the countries that houses rich ethnic diversity, which includes most of its population speaking three major languages ñ Bantu, Nilotic and Central Sudanic.
The total population of Uganda is around 34.5 million with 27 billion USD Gross domestic products (2012).Uganda is a predominantly Christian country with a significant (about 35%) Muslim population.
Many countries around the world are tapping into the growing opportunities that Islamic finance and Takaful are bringing especially in terms of employment, products and services. Islamic Finance could provide the perfect opportunity for economic growth in Uganda.The aim of this training is to provide education and trainings to Finance Professional with an additional opportunity for their educational uplift under Islamic financial system so that they can fully avail the growing opportunities provided by Islamic Finance.
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| Training Contents |
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Riba & Its Prohibition
- What is Riba (Interest)? Prohibition of Riba in Islam.
- Types of Riba
- Riba tul Nissayah
- Riba tul Fadle
- Riba in Modern Banking and Finance.
Islamic Economics
- Introduction to Islamic Economics System.
- Land, Labor, Wages and Entrepreneur Laws in Islamic Economics.
- Comparison of Islamic Economic System with Socialism & Capitalism.
Islamic Banking and Finance industry
- Introduction to Islamic Banking and Finance.
- Overview of Islamic Banking and Financial Industry – Worldwide.
- Islamic Banking and Finance (Potential and future prospects)
- Islamic Banking Products
- Shariah Perspective of Islamic Banking and Finance
Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah)
- Mudarabah
- The basic rules and Features of Mudarabah
- Distribution of Profit & Loss in Mudarabah
- Musharakah
- The basic rules and Features of Musharakah.
- Distribution of Profit & Loss in Musharakah.
- Diminishing Musharakah
- Determine the Rental in Diminishing Musharakah
- Unit Sale mechanism in Diminishing Musharakah
- Diminishing Musharakah as Ideal product for Islamic Housing Finance.
Trade Based Mode of Islamic Banking & Finance (Murabahah, Musawamah, Salam & Istisna)
- Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance.
- Some Basic Types of Bai ( Murabahah, Salam, Istisna, Tawarruq, Musawamah Surf, Eenna, Touliya, Wadhia etc )
- Bai according to Quality (Bai Salah, Bai Fasid, Bai Batil, Bai Maqoof, Bai Majool, Bai Muqayaddah, Bai Mu’ajal etc )
- Murabahah
- Basic Features of Mudarabah
- Murabaha as financing mode
- Stages involve in Murabaha Transaction.
- Shariah compliance & legal documentation of Murabaha contract.
- Murabaha in International Trade.
- Practical aspects & issues of Murabahah
- Salam & Istisna
- Basics of Bai Istisna & Bai Istisna
- Difference between Salam & Istisna
- Practical implementation of Salam & Istisna.
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Rental Based Modes of Islamic Banking & Finance
- Ijarah (Islamic Lease)
- Introduction and Brief Perspective of Ijarah.
- Sharia’h alternative of Conventional Leasing - 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.
- Practical Implementation of Ijarah
- Ijarah as ideal mode for vehicle, Machinery & Fixed asset Financing.
Islamic Micro Finance
- Incidence of Poverty and Low Economic opportunity
- Microfinance a tool for poverty alleviation
- Islamic Microfinance Shariah compliant way of poverty alleviation
- Challenges and Opportunities for Islamic Microfinance Institutions
- Central Bank efforts for Development of Islamic Microfinance
- Potential of Islamic Microfinance for social Development
- Need of Islamic Microfinance Network
Takaful (Islamic Insurance)
- Introduction to Takaful ( Islamic Insurance )
- Takaful in Islamic Era.
- Basic Features of Takaful.
- Structural & Operational details of Takaful,
- Structure of Takaful Products
- Operation and performance of Takaful.
- Legal and regularity framework in Takaful.
- Organizational Principles, Basis, Value Proposition, Law, Ownership, Management Status, Management and Invest Status in Conventional Insurance and Takaful
- Legal and Regularity requirement of Takaful.
Risk Management in Islam Banking & Finance
- Introduction of Risk and Its Management.
- Concept of Risk and Its Type
- Use of Derivative, Future, Hedging & Swaps Instruments.
- Islamic Perspective for Risk Management
- Fundamentals of risk Management in Islam.
- Risk Management of Islamic Banking
- Type of Risk in Islamic Banking and Financial Instruments (other than insurance) i.e. Credit Risk, Equity Risk, Market Risk, Liquidity Risk, Rate of Return Risk, Operational Risk, Political Risk, Internal Risk, External Risk etc.
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| Speaker’s Profile |
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 Muhammad Zubair Mughal
Managing Director,
AlHuda CIBE FZ LLE – UAE
(Islamic Banking Expert)
Muhammad Zubair Mughal is a passionate and hardworking individual with a strategic vision in Islamic Finance. He is a skilled Islamic Financial professional and keen learner of IslamicBanking &Finance and Islamic Micro Finance with excellent speaking andtraining skills. He has 10 years of strong professional background onIslamic Banking & Finance. He has privileged to develop many IslamicFinance Products which are being utilized in Pakistan, Middle East and Africa. He has alsopresented his research papers on Islamic Finance in manyinternational conferences all around the world. |
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 Mufti Aziz Ur Rehman
Manager - Shariah,
Mawarid Finance -
Dubai
A dynamic Sharia scholar qualified to issue religious edicts (Fatwa).Mufti Aziz Ur Rehman successfully graduated from AAOIFI s Certified Sharia Advisor and Auditor (CSAA) as well as Certified Islamic Professional Accountant (CIPA) program. He qualified Mufti from Dar Ul Uloom Akora Khattak of Pakistan, he got specialization in Fiqh Ul Mu amalaatb (with a specialization in Islamic commercial transactions),Iftaand Islamic Law as well a
Master in Islamic education from Gomal University. He is also the author of various books.
 Azeem Iqbal
Regional Head of FWU AG.
Azeem Iqbal Pirani is the Regional Head for Pakistan at FWU AG. As the main representative for the Munich headquartered company in Pakistan he is responsible for setting up the branch as well as putting in place required agreements to enable it to carry out its business of facilitating BancaTakaful. FWU is presently the largest global distributor of BancaTakaful.
Prior to joining FWU AG Azeem was Head of Marketing & Alternate Distribution at Pak-Qatar Family Takaful, Pakistan's first Family Takaful Operator. Prior to that he was Manager of the Marketing department and Contact Center at Meezan Bank Limited, Pakistan's first and largest dedicated Islamic bank.
On the social front Azeem is one of the founding trustees at Ihsaas Trust. A Shariah compliant microfinance provider which aims to help its brothers and sisters in humanity becomes self-reliant.
Azeem has published a number of articles in the field of Islamic finance and Takaful and is frequently invited to speak on these subjects at various venues including universities and television programs. He holds a Postgraduate Diploma in Islamic Banking and Finance from the Center of Islamic Economics in Pakistan, an MBA in International Business from the University of New Brunswick in Canada, and BBA in Finance from University of Houston in the United States. |
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| Who Should attend this Training? |
- Commercial Banks
- Conventional Banks
- Islamic Banks & Islamic Banking Windows
- Islamic Banking regulators
- Asset Management Companies
- Trade Associations/ Chamber of Commerce
- Modaraba and Leasing companies
- Islamic Banking and Finance Universities, Research and Training Centers
- Students and young professionals in Islamic Banking industry
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