Summary
Under Shari’a Law, it’s important to manage finance and assets in a specific way which avoids credit or debt management processes being invoked. For businesses that require properties or other financial assets, the treasury setup and project plan needs to be strictly laid out with a contingency framework to prevent risks from damaging business success.
Working in an Islamic Financial Institution (IFI) means that you are required to be up to date on terminology, trading implications, and treasury procedures that may be affected by Sukuk. These policies and processes that are put in place from a financial perspective can vastly affect your business’s success.
It’s essential that you review the current money market and how amendments can create risks and challenges in your finances. You should take time to study liquidity management, long-term funding options, and capital adequacy across various jurisdictions and complete contingency frameworks to overcome financial downturns or loss if issues arise.
It’s also important to understand the most used Islamic tools which can be applied to forex and rate risks in order to secure funding and create long-term investment opportunities with minimal risk to the overall business.
- To identify the nuances of Shari’a Law in regard to finance department management and treasury.
- To understand the most effective Islamic tools to correctly identify risk areas.
- To highlight potential risks and develop mitigation tactics.
- To make a comparative analysis of various treasury applications in different jurisdictions.
- To apply Islamic toolkits to various money markets.
- To manage currency and foreign exchange without creating extra risk.
This course is designed for anyone required to make financial decisions according to Sharia Law or those required to highlight potential risk areas to finances or assets using treasury reporting. It would be most beneficial for:
- Business Owners
- Financial Managers
- Chief Financial Officers
- Treasurers
- Accountants
- Property Investors
- Bank Managers Issuing Sukuk
- Financial Account Managers
- Investors in Sukuk
This course uses a variety of adult learning techniques to aid full understanding and comprehension. Participants will review videos and participate in interactive presentations to understand the differences imposed on financial institutions when complying with Shari’a Law.
They will work in groups to overcome real-world challenges, utilise Islamic tools to flag risk areas, and develop innovative solutions to minimise financial loss and increase investment and turnover.
Course Content & Outline
- Sarf contract rules.
- Riba Al-Nasiah.
- The Sharia perspective.
- Traditional money marketing activity and the variation with Islamic activity.
- Interbanking transactions.
- Tradable instruments, repossession, and effects on a business.
- Quad and Wadiah deposits and a summary of the rules.
- Remunerative deposit tools.
- Mudarabah, Wakalah, and Murabaha deposits.
- Transfer banking and funding possibilities.
- The intra-banking relationship.
- Inter-branch pricing (IBP).
- Murabaha and Tawarruq pricing strategies.
- Reverse Murabaha and the implications.
- Shari’a brokers, OTC, and active warrants.
- back values, breakages, and compounding assets.
- Suq-al-Sia.
- Standardised documentation IIFM and AIBIM.
- Islamic funding leakage and implications.
- Dar vs. Blom banking.
- Wadiah for Hibah and for points.
- Traditional trading tools.
- T-Bills
- Banker’s acceptance bills.
- Commercial papers and accurate record keeping.
- Yield vs. discount.
- Short term issuance against Basel III.
- Short term and long term Sukuk options.
- Tradability Shari’a guidelines.
- Global vs. Islamic tenure.
- Fixed rate and floating rate.
- Understanding conventional repo.
- Islamic market influencing.
- Cross currency challenges.
- Balance sheet solutions.
- Long Murabaha.
- A traditional FX swap and hedging.
- Arbun, promises, and Juala.
- Effective break-even strategies.
- Islamic market Put Option and Put Spread.
- Unilateral promises and bilateral promises.
- Executing changes against a risk framework.
- An analysis of data using Shari’a tools.
- Forward rate Agreements (FRA) and funding futures.
- Conducting an interest rate swap.
- Interest rate swaps, collars, and floors.
- The future of Islamic finance.
- Reviewing balance sheets, business accounts, and asset-focused transactions.
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