Islamic Banking

Module Learning Objectives

Who Should Attend ?

Course Content

Course Director

Islamic Finance Qualification

Islamic Concepts Quiz

Course Venue

Course Costs

BRIAN KETTELL, the Course Director, worked at the Central Bank of Bahrain for several years and has extensive experience in Islamic banking.

He has published 16 books on banking and financial markets and over 20 case studies on Islamic banking and finance.

One Day Course

This Course provides details of the underlying principles of Islamic finance and introduces the basic contracts.

What are the principles of Islamic Banking?
What is Islamic banking?
What are the driving principles of Islamic banks?

The characteristics of an Islamic financial system: -

Riba
Risk sharing /profit sharing/loss sharing
Time value of money islamically interpreted
Prohibition of speculation
Sanctity of contracts
Sharia approved activities

Riba- definition, interpretation and implications for Islamic banking
Sharia principles as applied to Islamic banking
The role of the Sharia Board: the key questions the Sharia Boards ask
How do the financial statements of Islamic banks compare with those of conventional banks?
The key characteristics of the liabilities of Islamic banks :-

1. Current accounts

2. Saving accounts

*restricted investment accounts
*unrestricted investment accounts

4. Bank capital

Nature of Islamic contracts
Intermediation contracts-Mudaraba, Kifala, Amana, Takaful, Wikala, Ju'ala
Transactional contracts- Murabaha, Bay Salam, Bay Mua'ajal, Ijara, Istisna, Musharaka