Islamic banking is now one of the fastest growing sectors of the financial market place, largely driven by the new wealth of the Middle East and by the need for Muslims, representing one-fifth of the world’s population, to find islamically acceptable financial products.
At the centre of the demand for expertise in Islamic financing lies the long term wealth represented by the future oil and gas earnings of the Middle East. The oil and gas reserves for several of the large Middle East countries are conservatively estimated to last for well over 100 years, a figure which is being continuously revised upwards. The wealth of the region is increasingly being channelled into Islamically structured financing.
Islamic financial institutions currently operate in more than 75 countries with assets exceeding US$ 400 billion. This represents a 45 fold growth rate since 1982. However Islamic finance, based as it is on the fact that financial activities have to be interest free, poses many challenges for anyone seeking to unravel its workings.
However the pace at which Islamic banking and finance training courses are being developed, to match this growth in demand, is slow, very slow, with the availability of world class quality training in the subject area lagging far behind that of demand.
The training courses listed below are designed to break through the mysteries and complexities of what, to an outsider, can sometimes be seen as a myriad of puzzling banking principles.
BRIAN KETTELL has recently returned from working in Bahrain as an Adviser to the Bahrain Monetary Agency (the Central Bank of Bahrain). His work involved him in pioneering many of Bahrain’s recent innovations in Islamic banking. Bahrain prides itself on having the world’s largest concentration of Islamic banks and financial institutions.
While working at the BMA Brian wrote Islamic Banking and Finance in the Kingdom of Bahrain which received very favourable reviews.
Where and when are the courses taught?
The courses are taught IN-HOUSE, world wide at the convenience of the client. They can be tailor-made to the clients requirements.
How are the courses delivered?
Participants can choose between two possible Training Routes for the course delivery.
Training Route One
Training Route One consists of a series of courses ranging from 1 to 5 days in duration. The course contents are listed below. You simply let the Course Director know which course you require.
Training Route Two
Training Route Two provides a more flexible system of choice where the participants can choose from the variety of modules listed below and create their own training programme, based on their own requirements. The participants simply choose the modules they are most interested in and the Course Director puts them together to make up the programme.
For both Training Route One and Training Route Two, the emphasis is on case studies, practical exercises and real world applications.
Both training routes are taught at your own institution enabling any preferences you have to be built into the course programme.
What is an Islamic Banking Module?
These are 90 minute modules. There is a short test at the end of each module. The modules are designed as stand alone, although each one can also be seen as prerequisite for the succeeding one. No prior knowledge of the subject area is assumed on the part of participants. Full documentation comes with each module.
- Module 1. Islam and Islamic Banking
- Module 2. Islamic Banking principles
- Module 3. Balance sheet analysis of Islamic banks
- Module 4. Murabaha-cost plus financing
- Module 5. Mudaraba-Tier One and Tier Two *
- Module 6. Musharaka
- Module 7. Ijara and Ijara-Wa- Iktina
- Module 8. Istisna and Parallel Istisna
- Module 9. Salam
- Module 10. Survey of the Islamic instruments
- Module 11. Strategic issues faced by Islamic banks *
- Module 12. Risk analysis for Islamic banks *
- Module 13. Liquidity management issues for Islamic banks
- Module 14. Liability management issues for Islamic banks
- Module 15. Asset management issues for Islamic banks
- Module 16. Asset-Liability management issues for Islamic banks
- Module 17. Islamic Capital Markets *
- Module 18. Islamic Securitisation *
- Module 19. Innovation in Islamic banking
- Module 20. Capital Adequacy for Islamic banks *
- Module 21. Comparative Islamic Banking
- Module 22. Sukuk: Structures, Risks and Case Studies *
- Module 23. Islamic Investment Principles
- Module 24. Islamic Corporate Governance
- Module 25. Regulatory Framework for Islamic Banking
- Module 26. Takaful - Islamic Insurance
- Module 27. Accountancy Issues for Islamic Banks
- Module 28. The Sharia and Islamic Banking
- Module 29. Overview of the Industry
* Double Modules