Islamic Finance And Banking

August 10, 2022Islamic Finance And Banking

  • Overview
  • Course Outline
  • Fee & Instructions:
  • Program Objectives
  • Testimonials

Overview

This one-day course focuses on basics of Islamic banking and finance. This would help the participants to appreciate the principles of Shria and how the Islamic Bank products are designed. On attending this program, the participants will understand product features of various Islamic products.

The program is highly interactive giving opportunities to participants to practice the key learning points through exercises.

On successful implementation of learning points of case studies would give more strength to the bank in providing innovative business solutions while honoring traditions.

Course Director:
Amjad Hasan Naser

Executive Leader in Islamic and Conventional Banking

A business-value-driven executive and operational leader in Islamic and commercial banking with a track record in developing and operating profitable banking operations. In addition to leading compliant banking, Representation of Nook Bank with Regulatory Bodies and Conferences

Corporate Experience:

National Bonds, Dubai ·Product Development Consultant
NOOR INVESTMENT GROUP ·Senior Vice President, Head of Sharia Department, and Member of Management Committee
ABU DHABI ISLAMIC BANK ·Manager Electronic Banking.

·Manager Branch Coordination & Relationship Marketing.

·Asst. Manager, Branch Coordination – Retail Banking.

·Head of Personal Banking.

Education & Professional Certificates:

YARMOUK UNIVERSITY, JORDAN

Bachelor of Administration, Science Degree, 1993

-Major in Financial & Banking Science and a minor in Computer Science

 PROFESSIONAL CERTIFICATES:

1.Certified Shari’a Adviser & Auditor (CSAA), AAOIFI, Bahrain, 2008.

2.Certified Professional Islamic Accountant (CIPA), AAOIFI, Bahrain, 2009

Some of this career responsibilities:

  • Develop successful strategic partnership locally and internationally
  • Developed and launched various Islamic banking products and structure .
  • Perform and manage Shariah Advisory & Review function of the Internal Shariah Unit throughout the multiple product groups including Corporate & Investment Banking , Personal Banking.
  • Stakeholder management to satisfy all the relevant Shariah regulatory requirements issued by the Higher Shariah Authority (HSA) of the UAE Central Bank (CBUAE).
  • Shariah Advisory & Review
  • NIB representative to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
  • Prepared Sharia Compliance manual in conjunction with legal department of the Bank.
  • Led major financing & syndication deals where the bank won three awards from Islamic Finance News for various capital market transactions, the three prestigious awards are ‘Structured Finance Deal of the Year’, ‘UAE Deal of the Year’, and the ‘Best Tawarruq Deal of the Year’ 2008’ award from Islamic Finance News for the US$1.5 billion syndicated multi-currency, three-year commodity Murabaha facility for Dubai Financial Group.

Our Affiliations:

Course Outline

Understand the features of Islamic finance products Overview on Islamic Finance:

  • What is Islamic Financial System
  • Basic Pillars of Islamic Financial System
  • Fundamentals Principles of Islamic Finance
  • Similarities & Differences: Conventional VS. Islamic Finance
  • Restrictions & Prohibitions in Islamic Finance System.

Dynamics of Islamic Financial System:

  • Fundamentals of Islamic Finance Contracts
  • Prohibitions, Restrictions & Compliance
  • Riba, Usuary and Gharrar
  • Essentials of Islamic Finance Contracts
  • Mindset Change – Conventional VS. Islamic Banking

Islamic Finance Products

  • Nature & Types of Islamic Finance Products
  • Modarba & Its Fundamentals
  • Musharka & Diminshing Musharka
  • Murabaha Rules & Regulation
  • Salam & Istisna
  • Ijarah
  • Takaful
  • Sukuk

Islamic Finance Product Structuring:

  • Sale vs. Financing – The Sideline Talk
  • Sale, Deferred Sales & Buy Back Agreements
  • Inventory Ownership, Change of Hands & Transfer Rules
  • Do’s & Don’t’s for Developing Islamic Finance Product
  • Rights & Duties of Parties to Islamic Finance Products

Islamic Finance Governance Process:

  • Role of Sharia Board
  • AAOIFI & FASB
  • Islamic Finance Reporting Structure
  • Sharia Compliance Audit
  • Change in Mindset – GCC vs. Malaysian System

Fee & Instructions:

  • 13 September, 2022 – 10:00 am – 03:00 pm (GST)
  • Regular Fee: USD 390 Per Participant (Exclusive of VAT)
  • Team Offer: Pay for 2 and register 3rd for free
  • Includes: Courseware, and SIMFOTIX Certificate
  • For registration (s) send us your Name, Designation, Organization, and Mobile Number to [email protected]
  • For More Information please contact: Qazi Waqas Ahmed Mobile: +971 56 309 0819; Email: [email protected]

Program Objectives

  • At the end of the program the participants will -
  • - Understand the basic principles of Islamic Law (Sharia)
  • - Be able to identify the difference between conventional banking and Islamic banking
  • - Appreciate the Islamic Banking products vis-à-vis Islamic culture

Testimonials

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