Course Details
Course Outline
5 days course
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
Functions
Products and Services
- Deposits
- Trade finance
- Corporate finance
- Agriculture
- Consumer
- Treasury
Balance Sheet
- Asset side
- Liability side
- Accounting peculiarities
Social Utility
- Economic distinction?
- Qard (interest-free loan)
- Charity
- Zakat (religious tax)
Governance
Regulation
- Capital adequacy
- Risk management
- Reporting & disclosure
- Central bank support
Shariah Oversight
- Shariah supervisory boards, their role and purpose
- Shariah compliance departments and advisers
- Shariah auditors
- The view of English law on Shariah
- Reputation Management
- Case study – Islamic Bank
- Conclusion
