The certified Islamic specialist in capital markets

Instruction Language

English

Country

Bahrain

Objectives

- 1.recoginze the risks faced by conventional banks and identify those risks unique to Islamic banks 2. comprehend the basic function of a conventional banks treasury 3. comprehend the concept of asset liability management as it applies to an Islamic bank 4. understand the process of securitization and constraints of Islamic securitization 5. understand the Islamic view on conventional forwards, futures and options 6. understand how sharia compliant investment banks are different from Islamic commercial and retail banks and the delivery channels best suited to them 7. delineate the basic characteristics of sukuk 8. identify the different forms of sukuk 9. understand the basic conditions for validity of Islamic invetent funds. 10. comprehend the structure and different classifications of equity funds.

Certificate / Course Program

1. Definition of the Islamic financial market and its role : • Definition of the Islamic financial market. • Description of the most important financial tools : 1. Basic tools. 2. Derivatives (they are allocated a separate focus on the third day). • Statement of its role and its theoretical economic importance 2. Types of financial markets: • Primary Financial Market. • Secondary Financial Market. • The functions of each type 3.shares and joint stock companies: • Mechanism of shares. • Joint stock companies and their Islamic controls. • Types of shares. • Islamic controls of Shares and their trade • Limited Liability joint stock companies. 4. Banking Services Related to Financial Markets: • Preparation of issuances • Pricing of initial and subsequent issuances. • Management of different kinds of issuances. • IPO financing, Murabaha, Diminishing Musharaka and others. • Zakat of stocks and shareholding companies: • Collective Zakat of companies' shares. • Individual shareholder's Zakat • If it is for the purpose of investment and revenue. • If it is for speculation and trading. 5. Islamic Financial mediation Companies : • Definition of mediation companies and definition of financial mediation. • Discussion of commissions charged by these companies. • Nature of joint-stock companies that may be dealt with the Islamic mediation companies and may be recommended by these companies to their customers. 6. Financial derivatives, an Applied View and an Islamic Vision: • The concept of financial derivatives. • Types of financial derivatives : 1. contracts for options (put option and the option to purchase). 2. Futures contracts and deferred contracts. 3. Short-selling. • Islamic Vision of derivative 7.Sukuk • Definition of Sukuk and their Islamic Legal basis. • The most common types of Sukuk : 1. Sukuk Mudaraba (Speculation). 2. Musharaka Sukuk. 3. Sukuk Ijara. 4. Sukuk Murabaha. 5. Sukuk Istisna'a and Salam • Islamic legal controls on the various types of Sukuk (instruments) • Preview of the Islamic legal standard on Sukuk. 8. Investment Portfolios : • The concept of investment portfolios. • The most important components of investment portfolios • Fundamentals of composition of investment portfolios • Portfolio management : 1. The objectives of the investor. 2. Determinants of investment for the investor, such as the age of the investor, tax considerations, and others. 3. Portfolio management strategies. 4. Static methods of management of the portfolio. 5. Active methods of management of the portfolio.