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:

• Understand the foundational principles of Islamic economics and finance.

• Analyze and evaluate the differences between conventional financial systems and Islamic finance.

• Apply Sharia-compliant financial practices in various economic contexts.

• Navigate the complexities of Islamic financial instruments and products.

• Contribute effectively to the development and implementation of Islamic finance solutions in their respective fields or organizations.

Targeted Audience

• Finance professionals seeking to expand their knowledge of Islamic economics and finance principles.

• Banking professionals interested in understanding Sharia-compliant financial practices.

• Entrepreneurs and business owners aiming to incorporate Islamic finance into their ventures.

• Academics and researchers exploring the intersection of economics, finance, and Islamic principles.

Program Outline:

Unit 1:

Introduction:

• What is the differece between conventional bond and SUKUK?

• What is SUKUK?

• Why is SUKUK ranked?

• Which SUKUK types are traded and What are the guidelines for SUKUK issuance?

Unit 2: 

Exploring SUKUK and Financial Instruments:

• What is the comparison between SUKUK, bonds and shares?

• What is the purchase undertakings according to AAOIFI Guidelines?

• What is the Sukuk al-Ijara?

• What is the Sukuk al-Musharaka?

• What is the Sukuk al-Mudaraba?

• Why issue SUKUK?

Unit 3:

Building the Fixed Income Allocation:

• What arethe differences between the structure islamic documentation of Ijara.

• What are the advantages and disadvantages of being listed in the market?

• How much time it takes to basicly bring a SUKUK to the market?

• How do you sell the SUKUK in the market?

Unit 4:

Risk management:

• What is the differences between asset based and asset backed?

• What are the stages of SUKUK issuance?

• What is the main documents to an asset based Ijara?

• How do you deal the risk in SUKUK?

• What are the costs associated with SUKUK issuance?

Unit 5:

Conclusion:

• Recap of key differences between conventional bonds and SUKUK.

• Summary of SUKUK types and guidelines for issuance.

• Comparison between SUKUK, bonds, and shares.

• Importance of adhering to AAOIFI Guidelines for purchase undertakings.

• Overview of Sukuk al-Ijara, Sukuk al-Musharaka, and Sukuk al-Mudaraba, and reasons for issuing SUKUK.