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Two Day Course
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The first day covers the contents of the One-Day Course, and then moves on to cover the key Islamic contracts in more detail.
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1. Murabaha
- What is Murabaha?
- What are the characteristics of Murabaha?
- Murabaha terminology
- What are the applications of Murabaha?
- Practical steps in constructing a Murabaha transaction
- Bank guarantees with Murabaha
- Murabaha and the Sharia
- How does Murabaha differ from conventional bank lending?
- What are the risks for Islamic banks providing Murabaha facilities?
2. Mudaraba-Tier One and Tier Two
- What is Mudaraba?
- What is Mudaraba Tier One?
- What is Mudaraba Tier Two?
- Mudaraba terminology
- The Two-Tier Mudaraba system:
- What are the similarities and differences between the Two Tiers?
- Applications of Mudaraba
- Characteristics associated with Tier One Mudaraba
- Unrestricted and Restricted Mudaraba
- Characteristics associated with Tier Two Mudaraba
- Implementation of a Tier Two Mudaraba
- Mudaraba case study
- What is the difference between Tier Two Mudaraba and conventional bank lending?
- How does Mudaraba compare with Musharaka?
- What are the risks for Islamic banks providing Mudaraba facilities?
3. Musharaka
- What is Musharaka?
- Characteristics of Musharaka
- Musharaka terminology
- Applications of Musharaka
- Structure of a Musharaka contract.
- Term structure of Musharaka:-
a) Permanent Musharaka
- Implementation of Permanent Musharaka
- Case study-profitable Musharaka
- Case study-loss making Musharaka
b) Diminishing Musharaka
- Implementation of Diminishing Musharaka
c) Temporary Musharaka
- What are the risks with Musharaka partnerships?
- What is the difference between Musharaka and Mudaraba?
4. Ijara and Ijara-Wa-Iktina
- What is Ijara?
- What is Ijara-Wa-Iktina?
- Ijara-operational leasing
- Ijara terminology
- Applications of Ijara
- Advantages of Ijara over bank borrowing
- Characteristics of Ijara
- Case study
- Implementation of Ijara
- Why is Ijara Sharia compliant?
- Ijara-Wa-Iktina- financial leasing
- Characteristics of Ijara Wa-Iktina
- Case study
- Implementation of Ijara Wa-Iktina
- Why is Ijara Wa-Iktina Sharia compliant?
- What is the difference between Ijara and Murabaha?
5. Istisna and Parallel Istisna
- What is Istisna?
- What is Parallel Istisna?
- The characteristics of Istisna?
- The characteristics of Parallel Istisna?
- Istisna terminology
- Applications of Istisna
- Implementation of Istisna and Parallel Istisna
- Why is Istisna Sharia compliant?
- What are the banking risks associated with Istisna contracts?
6. Salam and Parallel Salam
- What is Salam?
- What is Parallel Salam?
- The characteristics of Salam
- The characteristics of Parallel Salam
- Salam terminology
- Implementation of Salam and Parallel Salam
- What are the critical limitations of each of these contracts?
- What is the difference between Salam and Murabaha?
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