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Five Day Course
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The first four days consist of the contents of the Four Day Course and then moves on to discuss the Strategic Issues facing the Islamic Banking Industry.
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Risk in Islamic Banking
- What are the risks faced by Islamic banks which are not faced by conventional banks?
- Business risks - displaced commercial risk, withdrawal risk, solvency risk
- Governance risks- fiduciary risk, operational risk, transparency risk
- Transactions risks-credit risk, market risk, mark up risk
- Treasury risks- asset and liability management, liquidity risk, hedging risk
- Systemic risks- regulatory risk, business environment risk, institutional risk
- CAMEL ratings for conventional and Islamic banks
Asset, Liability and Capital Adequacy issues for Islamic banks
- Liquidity management in conventional banks
- Liquidity management in Islamic banks
- Sharia requirements for Islamic money market instruments
- Liability management in conventional banks
- Liability management in Islamic banks
- Asset management for conventional banks
- Asset management for Islamic banks
- Capital adequacy for conventional banks
- Capital adequacy for Islamic banks
Islamic Banking Business Model
- What are the implications for Islamic banks using Profit and Loss Share (PLS) principles?
- What does the finance literature tell us about debt finance and PLS finance?
- Agency problems, asymmetric risk and moral hazard issues
- Problems associated with PLS in practice
- Agency theory solutions for conventional banks and for Islamic banks
Challenges for Islamic Banks
- Lack of uniform regulatory framework
- No single totally Islamic financial centre
- Slow pace of innovation
- Accounting issues not resolved
- Inconsistent Sharia rulings
- Corporate Governance
- Structure of the industry
- Personnel and training issues
Islamic Financial Innovation
- Financial innovation for conventional banks.
- Financial innovation for Islamic banks
- Barriers to entry within Islamic financial markets
- Stages of financial innovation for Islamic banks
- Which Islamic financial innovations have succeeded and failed?
- Securitisation and financial innovation
- What are the pressures for Islamic financial innovation ?
- What are the special factors affecting Islamic financial innovation ?
- Financial engineering for Islamic products
- Applying the Porter model to Islamic banks
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