Executive Professional Master in Islamic Finance

Country

Bahrain

Registration Terms

Exams and Evaluation Each training module is accompanied by a test, passing rate is 60%, the overall Passing rate for the Executive Professional Master in Islamic Finance is 70%. All trainees are subject to a comprehensive test. Requirements for the registration in the Professional Executive Master’s Program in Islamic Finance A candidate must possess a Bachelor’s degree in relevant field for enrolment in this programme. The Accreditation Board

Certificate / Course Program

1. Certified Islamic Banker Module • An Introduction to Islamic Finance Transactions • Islamic Banking System • Islamic Finance Operations • Islamic Investment Operations • Islamic Banking Services • Shariah Supervision 2. Capital Markets Module • Definition of the Islamic Financial Market and its Role • Financial Instruments in the Capital Markets • Rules and Procedures for the Capital Markets • Investment Funds • Configuration and Management of Securities Portfolios • Evaluation of Financial Securities 3. Trade Finance Module • Definition of the Islamic Trade Finance • Letters of Credit • Bank Guarantees and Letters of Guarantee • Documentary Bills • Remittances 4. Financial Accounting Module • Introduction to Accountancy • Accounting and Financial Statements of Islamic Banks • Introduction to Islamic Banking Accounting • Accounting Treatments for the Operations of Bank Deposits • Accounting Treatments for the Deferred sale • Accounting Treatments for Murabaha Operations 5. The Basics of Shariah Audit Module • Monitoring and Auditing Systems in Islamic Financial Institutions • Shariah Compliance and its Impact • Shariah Auditing Mechanisms • Procedures of Shariah Auditing and Reporting to the Shariah Board • Report and Shariah Board Resolutions • Professional Framework of the External Shariah Audit 6. Legal Requirements for Islamic Finance Module • Methodology to Understand the Characteristics of Contemporary Financial Transactions Aligning Law and Fiqh • Legal Systems and the Shariah Compliance Requirements in Islamic Banking. A Comparative Analysis • The Legal Aspects of Islamic Financing Contracts • Legal Issues in Islamic Financial Institutions • Legal Structures to Protect Unrestricted Investment Accounts Holders • Introduction to Arbitration • Arbitration Islamic Finance • International Islamic Center for Reconciliation and Arbitration - Case Study 7. Elective Modules 8. Project Paper Elective Modules The programme offers some elective modules. These modules will be selected by the International Center for Training in accordance with the programme requirements. 1.Governance and Compliance Module • Corporate Governance in Islamic Banks • Supporting Environment for Effective Corporate Governance in Islamic Banks and Financial Institutions • International Standards for Corporate Governance • Compliance in Islamic Banks • Compliance in Islamic Banking Operations 2. Risk Management Module • Introduction to Risk in Financial Institutions • Types of Risks in Financial Institutions • Risk Management in Accordance with International Standards • Credit Risk Management in Islamic Financial Institutions • Market Risk Management in Islamic Financial Institutions • Operational Risk Management in Islamic Financial Institutions • Liquidity Risk Management in Islamic Financial Institutions 3. Takaful Module • Fundamentals of Insurance • Commercial Insurance Contract • Islamic Insurance Contracts and The Practices • Islamic Reinsurance • Fiqh of Islamic Insurance • Financial Statements Disclosures for Islamic Insurance Companies. • Shariah Supervision of Insurance Companies • Takaful Insurance Applications by Islamic Banks • Opportunities and Challenges Facing the Takaful Industry