Structuring Islamic trade finance solutions
Instruction Language
English
Country
United Arab Emirates
English Abstract
The Islamic trade finance operation is a specialized area of Islamic banking utilizing various concepts that need to be understood by the parties involved, particularly bankers and traders.
This three-day program provides a comprehensive understanding of products, financial instruments and issues relating to Islamic trade finance.
By attending this course, participants will gain an in-depth understanding of the Shariah principles and contracts related to Islamic trade finance as well as learn how Islamic financial instruments are used in trade finance.
The expert course director will also focus on how to develop and structure the various products used in Islamic trade finance and highlight the Shariah and legal issues relating to these products.
Program Duration
24
Objectives
- -Review the main principles of Islamic finance applied to trade transactions. -Analyze traditional collections and documentary credits in order to contrast them to Shariah principles. -Examine the documentary credit cycle and how Shariah compliant approaches may be structured applying LC Murabahah, LC Istisnah and documentary collections. -Provide clear examples of Islamic finance structures applied to pre-export finance, export finance, manufacturing and shipping guarantees. -To illustrate the Shariah principles governing guarantees, bonds, and counter guarantees -Foreign exchange issues, risk and accounting issues will be incorporated.
Certificate / Course Program
Day 1 : -Review of Shariah foundations -Collections, letters of credit and uniform commercial practice (UCP) rules -Kafalah, Wakalah and import LOCs -Wakalah / Kafalah case study -Murabahah refresher -Murabahah case study Day 2 : -Other import LOC tools -Complex FX -Case studies -Case studies -Export letter of credit cycle -Salam and Istisnah : pre-export and manufacturing -Case study Day 3 : -Forfaiting -Export credit agency -Default in Islamic transactions -Review of prior cases and default risks -Guarantees and bonds -Case studies -Regulatory issues -Summary and conclusion of course.
No. of Pages
4
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
Data Type
Training Courses
Record ID
BIM-723272
