Available Dates
Sep-30-2024
Paris
Oct-07-2024
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Nov-04-2024
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Dec-02-2024
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Dec-30-2024
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Jan-27-2025
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Feb-24-2025
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Mar-24-2025
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Apr-28-2025
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May-26-2025
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June-30-2025
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July-28-2025
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Aug-25-2025
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Sep-29-2025
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Nov-24-2025
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Dec-29-2025
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Sep-09-2024
Dubai
Sep-09-2024
Barcelona
Sep-16-2024
Amsterdam
Sep-16-2024
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Sep-23-2024
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Sep-23-2024
Singapore
Sep-30-2024
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Oct-07-2024
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Oct-14-2024
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Oct-14-2024
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Oct-21-2024
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Oct-21-2024
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Oct-28-2024
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Oct-28-2024
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Nov-04-2024
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Nov-11-2024
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Nov-11-2024
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Nov-18-2024
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Nov-18-2024
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Nov-25-2024
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Nov-25-2024
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Dec-09-2024
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Dec-16-2024
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Dec-23-2024
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Jan-06-2025
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Feb-03-2025
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Feb-03-2025
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Feb-10-2025
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Feb-17-2025
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Feb-24-2025
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Mar-03-2025
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Mar-03-2025
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Mar-10-2025
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Mar-17-2025
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Apr-07-2025
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Apr-07-2025
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Apr-14-2025
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Apr-28-2025
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May-05-2025
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May-05-2025
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May-12-2025
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May-12-2025
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May-19-2025
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May-19-2025
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May-26-2025
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June-02-2025
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June-02-2025
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June-09-2025
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June-09-2025
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June-16-2025
Kuala Lumpur
June-16-2025
Istanbul
June-23-2025
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June-30-2025
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June-30-2025
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July-07-2025
London
July-07-2025
Amsterdam
July-14-2025
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July-14-2025
Dubai
July-21-2025
Kuala Lumpur
July-21-2025
Istanbul
July-28-2025
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Aug-04-2025
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Aug-04-2025
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Aug-11-2025
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Aug-11-2025
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Aug-18-2025
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Aug-18-2025
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Aug-25-2025
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Sep-01-2025
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Sep-01-2025
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Sep-08-2025
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Sep-08-2025
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Sep-15-2025
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Sep-15-2025
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Sep-22-2025
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Sep-29-2025
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Sep-29-2025
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Oct-06-2025
Amsterdam
Oct-06-2025
London
Oct-13-2025
Dubai
Oct-13-2025
Barcelona
Oct-20-2025
Kuala Lumpur
Oct-20-2025
Istanbul
Oct-27-2025
Singapore
Nov-03-2025
London
Nov-03-2025
Amsterdam
Nov-10-2025
Dubai
Nov-10-2025
Barcelona
Nov-17-2025
Kuala Lumpur
Nov-17-2025
Istanbul
Nov-24-2025
Singapore
Dec-01-2025
Amsterdam
Dec-01-2025
London
Dec-08-2025
Barcelona
Dec-08-2025
Dubai
Dec-15-2025
Istanbul
Dec-15-2025
Kuala Lumpur
Dec-22-2025
Singapore
Dec-29-2025
London
Dec-29-2025
Amsterdam
5 days course
The Nature of Money & Implication on Treasury
Key Islamic Depository Tools
● Murabaha vs. Tawarruq vs. Reverse Murabaha - is there any difference?
● Shari'a concerned about this tool
● Brokers, OTC and live warrants
● Breakage, Back value and compounding
● Suq al Sila - Murabaha and Tawarruq in Malaysia
● Standardized documents: IIFM, AIBIM
● Leakage of Islamic funds - what is this? How do different markets deal with this?
● Wakalah to do Murabaha vs. Investment Wakalah - what’s the difference?
● Case study: Investment Dar vs. Blom Interbank Wakalah
● Interbank Mudarabah
● Wadiah for hibah & Wadiah for points
Tradable Instruments
Introduction to Sukuk - alternative Islamic tradable instruments
Repo
● Shari'a compliant forward alternatives:
» Promise based solutions - unilateral promise, two
unilateral promises vs. bilateral promises
» Promise to deposit i.e. Cross Currency Deposit
» Are these solutions on the balance sheet or off-balance
sheet?
» Exiting these forward?
● How do Islamic banks hedge themselves?
» Long Murabaha
» Back to back promise
Group Exercise: Examine a traditional FX Swap & construct a
Sharia’a compliant FX Swap
● Sharia’a tools that provide options:
» Arbun
» Promises
» Juala
● How do we use the above to structure Shari'a compliant
currency options?
» Arbun - is the arbun for currency?
» Promises - how do we structure the option premium?
» Which solution is widely used?
● Calculating effective and break-even strike rate
● Are the options tradable?
Group Exercises:
1. How to use Tawarruq for Currency Option?
2. Are the following FX Risk Management Strategies
replicable in the Islamic market?
i. Put Option
ii. Put Spread
● Shari'a analysis of the following traditional tools for interest
rate risk management
» Forward Rate Agreement (FRA)
» Interest Rate Futures
» Swaps - Interest Rate Swap (IRS) and Cross Currency
Swap (CCS)
» Interest Rate Options
Group Discussion: Are the following Interest Rate Option
Strategies replicable in the Islamic market?
i. Interest Rate Cap
ii. Interest Rate Floor
iii. Interest Rate Collar