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

He has published 13 books on banking and financial markets and over 20 case studies on Islamic banking and finance. His books are all available from Amazon.

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
3. Investment 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