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3 Course Contents IIIB

Mezan bank

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shahab
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41 views

3 Course Contents IIIB

Mezan bank

Uploaded by

shahab
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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International Institute of Islamic Bankers

Certificate in Islamic Banking and Finance

Course Contents
MODULE – 1
(CONCEPT BUILDING)

1. ISLAMIC BANKING INTRODUCTION, BACKGROUND AND GLOBAL SCENARIO:

 Evolution of Islamic Banking


 Global perspective of Islamic Banking
 Islamic banking in Pakistan
 Islamic Banking- A success story
 Causes of the recent financial crisis & its remedies
 Differentiating factors of Islamic Banking from conventional banking

2. THE ISLAMIC ECONOMIC SYSTEM:

 The economic philosophy of Islam


 The importance of economic goals
 Real nature of wealth & property

3. FACTORS OF PRODUCTION IN ISLAM, CAPITALISM & SOCIALISM:

 The factors of production in Islamic & conventional systems


 Difference between capitalism, socialism & Islamic economic system
 Objectives of distribution and wealth

4. VIEWS OF ISLAM ON SAVINGS & WEALTH:

 Insight on the mechanism of savings & wealth in Islam

5. CLASSIFICATION OF RIBA:

 Riba – Definition & Types


 Riba in Quran
 Riba in Hadith
 The laws of Riba-al-fadl

© International Institute of Islamic Bankers | www.iiib.org Page 1 of 5


Course Contents – Certificate in Islamic Banking & Finance
6. LAW OF CONTRACT:

 Essential elements of a contract


 Significance of contracts in Islam
 Types of contracts
 Uqood.e.Muawadha & Uqood.e.Ghair Muawadha (Compensatory & Non-Compensatory
Contracts)

7. RULES OF SALE:

 Definition, Subject matter, price, delivery & possession


 Types of sale
 Valid sale & its elements
 Rules of sale
 Gambling & other risks
Significance of promise to sell

MODULE – 2
(ISLAMIC MODES OF FINANCE - l)

1. MURABAHA:
 Introduction to Murabaha
 Murabaha- Applications in Islamic Financial Institutions
 Murabaha- Terminology & its variants
 Rules & steps in Murabaha Financing
 Stages of Murabaha – Promise, Acquisition, Execution & Post-Execution
 Murabaha to Purchase order

2. MURABAHA DOCUMENTATION & APPLICATIONS OF MURABAHA:

 Murabaha- Documentation & scope


 Practical Issues in Murabaha
 Responsibilities of: Customers, Relationship Managers, Credit Administrative Officers
 Murabaha Monitoring, Rectification & related Murabaha Controls

3. MURABAHA PROCESS FLOWS & CALCULATION:

 Calculation of cost/profit in Murabaha transactions


 Steps & documentation sequence for Murabaha Financing
 Full & Partial Declaration
 Case Studies

4. INTRODUCTION TO ISTISNA:

 Concept and definition of Istisna


 Product structure for Istisna as a mode of finance
 Legal documentation in Istisna
 Risks associated with Istisna
 Risk mitigation and Case studies

© International Institute of Islamic Bankers | www.iiib.org Page 2 of 5


Course Contents – Certificate in Islamic Banking & Finance
5. SALAM:

 Concept and definition of Salam


 Sight bill negotiation
 Uses of Salam
 Trade finance products
 Agricultural financing

6. IMPORT FINANCING:

 Import financing in conventional Banks & Islamic Financial Institutions


 Import financing through Murabaha, Ijara & Musharakah

7. EXPORT FINANCING

 Pre-shipment financing
 Post shipment financing
 Export financing through Murabaha

MODULE – 3
(ISLAMIC MODES OF FINANCE - ll)

1. IJARAH

 Concept, Subject matter & Process of Ijarah


 Rules governing of lease rentals
 Differentiating factors between Ijarah & Conventional Lease
 Promise to lease
 Acquisition of the asset
 Transfer of ownership
 Guarantees in Ijarah contract

2. IJARAH DOCUMENTATION AND PRACTICAL ISSUES:

 Practical application of Ijarah in Islamic Banks


 Sales and lease back mechanism
 Important guidelines for proper documentation
 Practical issues and mistakes in Ijarah
 Mistakes rectification

3. PRACTICAL APPLICATION:

 Current practices of Ijarah


 Ijarah financing for assets imported via sight Letter of Credit & Usuance Letter of Credit
 Case studies

© International Institute of Islamic Bankers | www.iiib.org Page 3 of 5


Course Contents – Certificate in Islamic Banking & Finance
4. TIJARAH:

 Concept of Tijarah
 Salient features of Tijarah
 Finished Goods as a mode of finance in Tijarah
 Risk mitigation in finished goods financing
 Tijarah process flow
 Legal documentation in Tijarah
 Case study

5. MUSHARAKAH:

 Definition, Structure, Types of Mushrakah


 Basic rules governing Musharakah
 Termination & Constructive Liquidation
 Collateral in Musharakah
 Musharakah management and liability
 Application of Musharakah as a mode of financing

6. DIMINISHING MUSHARAKAH:

 Concept and basic structure of Diminishing Musharakah


 Shari’ah principles governing Musharakah
 Diminishing Musharakah in trade and other businesses
 Application of Diminishing Musharakah
 Documentation of Diminishing Musharakah

7. DIMINISHING MUSHARAKAH DOCUMENTATION:

 Application of Diminishing Musharakah


 Documentation of Diminishing Musharakah
 Case studies

MODULE – 4
(DEPOSIT STRUCTURE, ISLAMIC INVESTMENTS, TAKAFUL & QUALITY
ASSURANCE)

1. MUDARABAH:

 Definition and types of Mudarabah


 Different capacities of Mudarib
 Distribution of profit and loss in Mudarabah
 Difference between Mudarabah and Musharakah
 Termination of Mudarabah

2. STRUCTURE OF MUDARABAH BASED DEPOSIT PRODUCTS:

 Mudarabah based deposit product structure


 Funds utilization & profit distribution
 Weightages and profit calculation
 Premium payments

© International Institute of Islamic Bankers | www.iiib.org Page 4 of 5


Course Contents – Certificate in Islamic Banking & Finance
3. ISLAMIC INVESTMENT FUNDS:

 Concept of Investment funds


 Concept & structure of Islamic Investment fund
 Basic conditions for Islamic Investment fund
 Types of Islamic Investment funds

4. SUKUK:

 Introduction to Sukuk
 Shari’ah perspective on securitization
 Types of Sukuk
 Securitization of Ijarah

5. PROJECT FINANCING:

 Proposed methods for Shari’ah Compliant project financing


 Basic principles governing Shari’ah Compliant project financing
 Practical Application
 Bridge financing
 Private Equity & Venture Capital
 Shari’ah Compliant Equity Investments

6. TAKAFUL:

 Introduction to conventional Insurance


 How Qimar & Riba exists in conventional Insurance
 Takaful Introduction & modes of Takaful
 Models of Takaful
 Concept of Re-Takaful
 Application of Takaful

7. SHARI’AH AUDIT & COMPLIANCE IN ISLAMIC FINANCIAL INSTITUTIONS:

 Purpose of Shari’ah Audit


 Guidelines for Shari’ah Auditing
 Strategic Importance of Shari’ah Audit & Compliance
 Composition of Shari’ah Compliance manuals
 Shari’ah Audit documentations
 General guidelines for the Shari’ah Audit
 Audit guidelines for major modes of financing

In case of any further query, please feel free to write to us at:[email protected] or contact us at

021-83103500 Ext: 2404 & 2852

© International Institute of Islamic Bankers | www.iiib.org Page 5 of 5


Course Contents – Certificate in Islamic Banking & Finance

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