Islamic Banking - Functions and Governance
Course Info
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Course Details
Introduction
Objective
Who should attend
Islamic finance and banking is a financial system that operates according to Islamic law (which is called sharia) and is, therefore, sharia-compliant. Just like conventional financial systems, Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies. However, these entities are governed both by Islamic law and the finance industry rules and regulations that apply to their conventional counterparts.
In order to respond to the growing needs for capacity building in the Islamic Banking and Finance industry, London premier centre offers a short training programme for professionals in the banking and finance sector.
The training programme is conducted under the capacity building with its aim to contribute to the development of institutional capacity within the various segments of Islamic finance. It will facilitate further development of Islamic finance as well as deepen participants/institutions knowledge and skills in the respective area.
Course Outline
Islamic Banks in the Context
- The theoretical foundation of the institutionalisation of Islamic finance
- The historical development of Islamic banking
- The core objectives of Islamic banking
- The conceptual difficulty of banking without riba
- Business models – the bank model versus the non-bank model
- Business lines – retail banks versus wholesale/investment banks
- Surviving in a non-Islamic environment
- The attitude of regulators – Muslim and non-Muslim
- Competing alongside conventional banks
- Liquidity management issues
