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Two Days Specialized Training on

Practical Aspects of Alternative Finance (Islamic Finance),
Takaful, Islamic Microfinance and Sukuk (Islamic Bond)

August 28 - 29, 2025 at Lusaka, Zambia

Two Days Specialized Training on

Practical Aspects of Alternative Finance (Islamic Finance),
Takaful, Islamic Microfinance and Sukuk (Islamic Bond)

August 28 - 29, 2025 at Lusaka, Zambia

Event Summary

About AlHuda Center of Islamic Banking & Economics

Towards the pursuance of our goal to promote Islamic Banking and Finance all over the globe, AlHuda Centre of Islamic Banking and Economics is working diligently since 2005. AlHuda CIBE has been acknowledged as a distinguished service provider due to our notable services, team of dedicated professionals and one stop solutions of Islamic Banking and Finance. Our aim is to provide state-of-the-art services of Islamic banking and finance. We are proud to be prominent for our Advisory and consultancy, research and development, education and capacity building, Shariah advisory, publication and events all over the world.

AlHuda CIBE is supported by many national and international organizations and institutions as Strategic Partners support and our Alumni have spread over 100 countries. We are proud to stand among world's largest presences for capacity building, trainings, consultancy and other services. More details are available at www.alhudacibe.com

About Training

This specialized training aims to provide comprehensive knowledge and practical insights into the core aspects of Islamic finance. The program is designed to enhance the understanding and application of Shariah-compliant financial practices, focusing on Islamic banking, takaful (Islamic insurance), Islamic microfinance, and sukuk (Islamic bonds). The program is intended for professionals who are either involved in or transitioning to Islamic finance services.

About Zambia

Zambia is a landlocked country in southern Africa known for its rich natural resources, diverse wildlife, and vast landscapes, including the iconic Victoria Falls, one of the Seven Natural Wonders of the World. The country is bordered by eight other nations, and its economy is heavily reliant on mining, particularly copper, which is one of its main exports. Zambia has a population of over 19 million people, with Lusaka as its capital and largest city. The country has experienced political stability since gaining independence from British colonial rule in 1964, and it continues to grow as a regional hub for tourism and commerce in sub-Saharan Africa.

Training Contents

Two Days Specialized Training on Practical Aspects of Alternative Finance (Islamic Finance), Takaful, Islamic Microfinance and Sukuk (Islamic Bond)

Riba & Its Prohibition

  • What is Riba (Interest)? Prohibition of Riba in Islam.
  • Types of Riba

Islamic Banking and Finance industry in Zambia

  • Introduction to Islamic Banking and Finance.
  • Overview of Islamic Banking and Financial Industry.
  • Islamic Banking and Finance in Kenya (Potential and future prospects)
  • Islamic Banking Products in Zambia
  • Shariah Perspective of Islamic Banking and Finance

Partnership Based Mode of Islamic Banking & Finance (Mudarabah & Musharakah)

  • Mudarabah
  • Musharakah
  • Diminishing Musharakah

Trade Based Mode of Islamic Banking & Finance (Murabahah, Musawamah, Salam & Istisna)

  • Basic Rules & Kind of Bai (Trade) in Islamic Banking and Finance.
  • Murabahah
  • Salam & Istisna

Rental Based Modes of Islamic Banking & Finance

  • Ijarah (Islamic Lease)
  • Shariah compliance of Ijarah
  • Practical aspects & Issues of Ijarah.

Takaful (Islamic Insurance)

  • Introduction to Takaful (Islamic Insurance)
  • Structural & Operational details of Takaful,
  • Legal and regularity framework in Takaful.
  • Models of takaful

Sukuk, Islamic Bond & Islamic Capital Market

  • Introduction of Sukuk
  • How Sukuk can facilitate Kenyan Government for country development
  • Asset based financing: A complete risk free solutions for International crises
  • Structuring of Shariah compliant fund

Islamic Microfinance

  • Islamic Microfinance as effective tool of poverty alleviation
  • Islamic Micro - Financial Products mechanisms & Compatibility with Conventional Microfinance Products
Contact Info
contact us
AlHuda CIBE FZ LLE - U.A.E (Advisory, Consulting & Capacity Building)
P.O. Box 120867, Dubai, United Arab Emirates.