The certified Islamic specialist in trade finance

Instruction Language

English

Country

Bahrain

Objectives

- 1. recognize the risks faced by conventional banks and identify those risks unique to Islamic banks 2. Appreciate the importance of credit risk management in Islamic banks and demonstrate understanding of the systems, methods and procedures for credit risk mitigation 3. comprehend the process for controlling operational risk through sound financial reporting systems and monitoring of asset quality 4. understand capital adequacy as it applies to Islamic banks 5. discuss the operations and constant’s of an Islamic treasury 6. understand the transactions which are off balance sheet in treasury operations 7. understand the concept of asset lability management 8. comprehend the concept of asset liability management as it applies to an Islamic bank 9. demonstrate a broad understanding of liquidity management in Islamic banks with special emphasis on the issues faced and the liquidity management tools currently available 10.understand the process of securitization and constraints of Islamic securitization

Field work

Target Audience: 1. officers from trade finance dept. 2. shariah superintendent 3. staff from corporate finance dept. (relationship manger) 4. officers from operations (trade finance operations) 5. officers from financial control. 6. officers in banking operations auditors and internal control officers 7. government representatives 8. importer, exporter, sales & marketing in charge. 9. personnel who require sound knwledge of the operations of the various types of letter of credit (LC), (LG) & other trade financing produts under convetional & Islamic concepts. 10. operational risk officers 11. bankers, whose bank is willing to convert to an Islamic bank.

Certificate / Course Program

1. Importance of Trade Finance and means of its financing • The situation of Trade Finance in the Islamic world • International bodies and the regulations governing Trade Finance • The risks of Trade Finance and the existing mechanisms and institutions to mitigate them • Analysis of credit for Trade Finance • The role of Islamic banks in the financing of Trade Finance 2. Bills for collection and documentary drafts • Types of bills of collection, and documents pertaining to them • Management bills of collection • Uniform rules and norms for collection • The Islamic application of the Bills of collection in Trade Finance 3. Standby Letters of Credit and Letters of Guarantee • The need for Standby Letters of Credit and their types • Documents required in the Standby Letters of Credit • Uses of Standby Letters of Credit and the procedures for their implementation • The risks of handling Standby Letters of Credit • Standard Rules and norms for the Standby Letters of Credit and Letters of Guarantee • Characteristics and Islamic controls of the Standby Letters of Credit • Islamic banks' applications of the Standby Letters of Credit 4. Documentary Credits • Financing of Trade Finance by documentary credits • Relationships and obligations between the parties using Documentary Credits • Types of credits, required documents and executive procedures • Terms relating to Trade Finance • International standard rules and norms of documentary credits • Islamic background of documentary credits • Shari'a standard of documentary credits • Islamic banks' applications of documentary credits • Mechanisms for the implementation of the credits of Wakala, Murabaha, Musharaka, and Mudharaba • Mechanisms for the implementation of export and import credits 5. Guarantees of international contracts • Role of Guarantees in Trade Finance exchange • Types of Guarantees of international contracts and their management • Legal aspects of the guarantees of international contracts • International standard rules and norms of bank bailout guarantees • Provisions of guarantees in Islamic financial transactions • Islamic Background of bank bailout guarantees • Applications of bank bailout guarantees 6. Banking operations related to Trade Finance • Banks correspondent and the settlement of reporters' accounts • Foreign incoming and outgoing remittance • Bank checks in foreign currencies • Anti-Money Laundering