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Introduction to Islamic Economics and Finance
Overview:
Introduction:
The Introduction to Islamic Economics and Finance training program offers a concise overview of foundational principles and practices in Sharia-compliant finance, equipping participants with the knowledge and skills to understand, evaluate, and apply Islamic financial concepts in diverse economic settings.
Program Objectives:
At the end of this program, participants will be able to:
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Understand the foundational principles of Islamic economics and finance.
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Analyze and evaluate the differences between conventional financial systems and Islamic finance.
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Apply Sharia-compliant financial practices in various economic contexts.
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Navigate the complexities of Islamic financial instruments and products.
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Contribute effectively to the development and implementation of Islamic finance solutions in their respective fields or organizations.
Targeted Audience
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Finance professionals seeking to expand their knowledge of Islamic economics and finance principles.
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Banking professionals interested in understanding Sharia-compliant financial practices.
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Entrepreneurs and business owners aiming to incorporate Islamic finance into their ventures.
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Academics and researchers exploring the intersection of economics, finance, and Islamic principles.
Program Outline:
Unit 1:
Introduction:
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What is the differece between conventional bond and SUKUK?
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What is SUKUK?
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Why is SUKUK ranked?
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Which SUKUK types are traded and What are the guidelines for SUKUK issuance?
Unit 2:
Exploring SUKUK and Financial Instruments:
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What is the comparison between SUKUK, bonds and shares?
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What is the purchase undertakings according to AAOIFI Guidelines?
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What is the Sukuk al-Ijara?
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What is the Sukuk al-Musharaka?
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What is the Sukuk al-Mudaraba?
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Why issue SUKUK?
Unit 3:
Building the Fixed Income Allocation:
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What arethe differences between the structure islamic documentation of Ijara.
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What are the advantages and disadvantages of being listed in the market?
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How much time it takes to basicly bring a SUKUK to the market?
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How do you sell the SUKUK in the market?
Unit 4:
Risk management:
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What is the differences between asset based and asset backed?
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What are the stages of SUKUK issuance?
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What is the main documents to an asset based Ijara?
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How do you deal the risk in SUKUK?
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What are the costs associated with SUKUK issuance?
Unit 5:
Conclusion:
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Recap of key differences between conventional bonds and SUKUK.
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Summary of SUKUK types and guidelines for issuance.
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Comparison between SUKUK, bonds, and shares.
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Importance of adhering to AAOIFI Guidelines for purchase undertakings.
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Overview of Sukuk al-Ijara, Sukuk al-Musharaka, and Sukuk al-Mudaraba, and reasons for issuing SUKUK.