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2-Days Specialized Training on

Islamic Trade Finance

May 02 - 03, 2024 in Dubai, UAE

2-Days Specialized Training on

Islamic Trade Finance

May 02 - 03, 2024 in Dubai, UAE

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 Islamic Trade Finance in UAE:

Islamic trade finance in Dubai encompasses a range of financial services and products designed to facilitate trade transactions while adhering to Sharia principles. These principles include transparency, fairness, and the avoidance of interest and unethical investments. Common Islamic trade finance solutions in Dubai include Murabaha, Wakala, Istisna'a, Musharakah, and Tawarruq. Leading Islamic banks and financial institutions in Dubai, such as Dubai Islamic Bank and Emirates Islamic Bank, offer these Sharia-compliant products to support businesses engaged in international trade. The Dubai Islamic Economy Development Centre (DIEDC) also plays a significant role in promoting Islamic finance and fostering the Islamic economy ecosystem in Dubai and the wider UAE.

About United Arab Emirates (UAE):

The United Arab Emirates (UAE), a federation of seven emirates nestled on the Arabian Peninsula, shines as a testament to the fusion of Islamic values with modernity, prosperity, and diversity. Rooted in a rich Islamic heritage, the UAE stands as a beacon of progress and unity, guided by the principles of tolerance, compassion, and respect. At the heart of the UAE lies Abu Dhabi, the capital city, where the majestic Sheikh Zayed Grand Mosque stands as a symbol of Islamic art and architecture, welcoming visitors from around the globe with its breathtaking beauty and spiritual tranquility. Meanwhile, Dubai, the bustling metropolis, dazzles with its towering skyscrapers and vibrant cultural scene, all while staying true to its Islamic roots. Islamic principles permeate every aspect of life in the UAE, shaping its governance, economy, and society. The country's leadership, inspired by Islamic teachings of justice and benevolence, prioritizes the well-being and prosperity of its people, ensuring access to education, healthcare, and opportunities for all. Culturally, the UAE is a mosaic of traditions, languages, and customs, united by the common thread of Islam. Emirati culture, deeply rooted in Bedouin heritage, celebrates values of hospitality, generosity, and community, embodied in traditions such as falconry, camel racing, and traditional dances like the Al Ayala.

Training Contents

2-Days Specialized Training on Islamic Trade Finance

Day 1 - Introduction to Islamic Trade Finance

  • Overview of Islamic finance industry and principles in trade transactions
  • Development of Islamic trade finance
  • Comparison with conventional trade finance

Shariah Concepts in Islamic Trade and Trade Financing Instruments in Islam

  • Understanding Shariah concepts relevant to trade finance (e.g., riba, gharar, maysir)
  • Compliance with Islamic principles in trade contracts
  • Introduction to Islamic trade financing instruments: Murabahah, Wakalah, Salam, Istisna'a, etc.
  • Principles, structures, and application of each instrument

Trade Based Mode of Islamic Finance (Murabahah)

  • 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 Murabahah
  • Murabahah as financing mode
  • Stages involved in Murabahah Transaction.
  • Shariah compliance & legal documentation of Murabahah contract.
  • Murabahah in International Trade.
  • Practical aspects & issues of Murabahah

Day 2 - Salam and Istisna'a Contracts

  • Basics of Bai Istisna & Bai Istisna
  • Difference between Salam & Istisna
  • Practical implementation of Salam & Istisna
  • Usage in Islamic trade finance for deferred delivery transactions
  • Structuring and documentation requirements

Islamic Trade Finance in Practice

  • Case studies illustrating real-world applications of Islamic trade finance instruments
  • Practical examples of trade transactions structured under Islamic principles
  • Challenges and best practices

Risk Management in Islamic Trade Finance

  • Introduction of Risk and Its Management
  • Concept of Risk in Islamic Trade finance transactions
  • Use of Derivative, Future, Hedging & Swaps Instruments
  • Islamic Perspective for Risk Management
  • Shariah-compliant risk management techniques
  • Type of Risk in Islamic Banking and Financial Instruments

Compliance and Regulatory Framework

  • Compliance with Shariah principles and regulatory requirements in trade finance
  • International standards and guidelines for Islamic trade finance
  • Challenges, Future Trends and Opportunities
  • Potential growth areas and market opportunities
  • Innovation and technology in Islamic trade finance
Contact Info
contact us
AlHuda CIBE FZ LLE - U.A.E (Advisory, Consulting & Capacity Building)
P.O. Box 120867, Dubai, United Arab Emirates.