Islamic Finance Principles and Practice Training Course

Module 1: Fundamentals of Islamic Finance

• The historical context of Islamic finance
• The core principles of Islamic finance (e.g., prohibition of Riba, Gharar, and Maysir)
• The difference between Islamic and conventional finance
• The ethical and social objectives of Islamic finance
• Practical session: A discussion on a case study of a major Islamic financial transaction

Module 2: Shariah Law and Financial Contracts

• An overview of Shariah law and its sources
• The role of the Shariah supervisory board
• An overview of key financial contracts (e.g., Mudarabah, Musharakah, Murabaha)
• The legal and ethical implications of financial contracts
• Practical session: A hands-on exercise on analyzing a financial contract from a Shariah perspective

Module 3: Islamic Banking and Financial Products

• The structure of an Islamic bank
• An overview of Islamic banking products (e.g., deposits, financing)
• The process of profit and loss sharing
• The importance of transparency and accountability
• Practical session: A group discussion on how to evaluate an Islamic banking product

Module 4: Sukuk and Capital Markets

• The definition and purpose of Sukuk
• The difference between Sukuk and conventional bonds
• The legal and regulatory framework for Sukuk
• The role of Islamic capital markets
• Practical session: A hands-on exercise on how to analyze a Sukuk issuance

Module 5: Takaful and Islamic Insurance

• The principles of Takaful and its difference from conventional insurance
• The types of Takaful products
• The legal and regulatory framework for Takaful
• The importance of mutual cooperation and shared responsibility
• Practical session: A group discussion on a case study of a Takaful product

Module 6: Islamic Wealth Management

• The principles of Islamic wealth management
• The role of Zakat, Waqf, and Sadaqah
• The use of Islamic trusts and wills
• The importance of ethical and social investing
• Practical session: A hands-on exercise on how to develop an Islamic wealth management plan

Module 7: Microfinance and Social Finance

• The role of Islamic microfinance in poverty alleviation
• The principles of Qard Hasan (benevolent loan)
• The role of Islamic social finance (e.g., crowdfunding)
• The importance of social impact and community development
• Practical session: A group discussion on a case study of an Islamic microfinance project

Module 8: Regulatory and Legal Framework

• The role of government and regulatory bodies
• The importance of a clear and consistent legal framework
• The challenges of regulating cross-border transactions
• The role of international organizations
• Practical session: A group exercise on analyzing a new regulation in Islamic finance

Module 9: Globalization and Future of Islamic Finance

• The global expansion of Islamic finance
• The role of technology and digitalization
• The challenges and opportunities for growth
• The importance of innovation and product development
• Practical session: A group discussion on the future trends in Islamic finance

Module 10: Capstone Project: Developing an Islamic Financial Product

• A comprehensive review of all course modules
• Participants work on a full-scale project
• Developing a new Islamic financial product
• Presenting their product and its rationale
• Practical session: Finalizing and presenting a complete product development plan to the group

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588