CISI ISLAMIC FINANCE QUALIFICATION
“Comprehensive Knowledge of Islamic Finance for Global Financial Markets”
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 16 – 18 Apr 2025 | Dubai, UAE | USD 2495 per delegate |
Course Introduction
The CISI Islamic Finance Qualification is designed for professionals working in the financial services industry who wish to gain a deeper understanding of Islamic finance principles, structures, and practices. This 3-day course covers the fundamental principles of Islamic finance, including its key instruments, contracts, and how they differ from conventional finance. Participants will explore the regulatory framework, ethics, and compliance aspects of Islamic finance and understand the applications of these principles in modern financial systems. The course is tailored for individuals looking to work in Islamic finance markets or enhance their understanding of Islamic financial products and services.
Course Objectives
By the end of this course, participants will be able to:
• Understand the fundamental principles and ethics of Islamic finance
• Differentiate between Islamic and conventional finance systems
• Identify the key financial products and contracts in Islamic finance, such as Murabaha, Ijarah, and Mudarabah
• Comprehend the regulatory framework governing Islamic financial institutions
• Apply Islamic finance principles to modern financial markets and institutions
• Evaluate and manage risks in Islamic finance transactions
Key Benefits of Attending
• Gain in-depth knowledge of Islamic finance principles and practices, which are crucial for working in emerging Islamic finance markets
• Learn about the wide range of Islamic financial products and their real-world applications
• Understand the ethical and regulatory standards that guide Islamic finance transactions
• Improve your understanding of how Islamic finance integrates with global financial markets
• Enhance your career prospects by obtaining a globally recognized qualification in Islamic finance
Intended Audience
This program is designed for:
• Financial professionals, including bankers, accountants, and auditors, interested in Islamic finance
• Compliance officers and legal professionals in the financial services sector
• Investment professionals, fund managers, and portfolio managers in Islamic financial institutions
• Individuals seeking a career in Islamic finance or looking to enhance their understanding of Islamic financial products
• Students and professionals preparing for the CISI Islamic Finance qualification
Individual Benefits
Key competencies that will be developed include:
• Comprehensive understanding of Islamic finance principles, ethics, and practices
• Ability to evaluate and implement Islamic financial products and services
• Knowledge of regulatory and compliance requirements in Islamic finance
• Enhanced capability to manage risks and opportunities within Islamic finance transactions
• Globally recognized qualification in Islamic finance
Organization Benefits
Upon completing the training course, participants will demonstrate:
• An increased ability to implement Islamic finance products and services effectively within financial institutions
• Improved understanding of Islamic financial regulations and how to ensure compliance within their organization
• Ability to align corporate financial practices with Islamic ethical standards
• Enhanced capacity to assess the risks and benefits of Islamic finance transactions
• Stronger ability to engage with clients and stakeholders in Islamic financial markets
Instructional Methdology
• Lectures on the principles and practices of Islamic finance
• Case studies to analyze real-world Islamic finance transactions
• Interactive discussions to explore challenges and solutions in Islamic finance
• Workshops to apply knowledge of Islamic finance in practical scenarios
• Examinations to assess understanding of key concepts
Course Outline
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Learning Modules | Coffee Breaks: 09:30 & 11:15 | Lunch Break: 01:00 – 02:00
Day 1: Introduction to Islamic Finance Principles and Contracts
Module 1: Fundamentals of Islamic Finance (07:30 – 09:30)
• The core principles of Islamic finance: prohibition of Riba, Gharar, and Haram activities
• Key concepts in Islamic finance: risk-sharing, profit-sharing, and ethical investment
• Overview of Islamic financial markets and institutions
Module 2: Key Islamic Financial Products and Contracts (09:45 – 11:15)
• Common contracts in Islamic finance: Murabaha, Ijarah, Mudarabah, Musharakah
• Islamic bonds (Sukuk) and Islamic insurance (Takaful)
• Understanding the differences between Islamic finance and conventional finance
Module 3: Workshop – Analyzing Islamic Finance Contracts (11:30 – 01:00)
• Participants will analyze case studies on Islamic financial contracts and identify key components
Day 2: Islamic Finance Regulations and Risk Management
Module 4: Regulatory Framework for Islamic Finance (07:30 – 09:30)
• Understanding the role of regulatory bodies in Islamic finance (e.g., AAOIFI, IFSB, central banks)
• Key regulations governing Islamic finance institutions
• Compliance and governance in Islamic finance
Module 5: Risk Management in Islamic Finance (09:45 – 11:15)
• Identifying risks in Islamic finance: credit risk, market risk, operational risk
• Managing risks through Islamic finance instruments
• Strategies for mitigating risks in Islamic financial transactions
Module 6: Workshop – Risk Assessment in Islamic Finance (11:30 – 01:00)
• Participants will assess risk in a case study of an Islamic financial institution and propose mitigation strategies
Day 3: Applications of Islamic Finance and Global Market Integration
Module 7: Islamic Finance in Practice (07:30 – 09:30)
• Islamic banking operations and financial products in practice
• The role of Islamic finance in global economic development
• Case studies of successful Islamic financial institutions
Module 8: Islamic Finance and Global Financial Markets (09:45 – 11:15)
• Integration of Islamic finance with global financial systems
• The growth of Islamic finance globally and opportunities for expansion
• Challenges and opportunities in cross-border Islamic finance
Module 9: Workshop – Global Trends and Opportunities in Islamic Finance (11:30 – 01:00)
• Participants will analyze the growth and opportunities of Islamic finance in a global context
Certification
Upon successful completion of this course, participants will receive a Certificate of Completion in CISI Islamic Finance Qualification, demonstrating their ability to understand, apply, and implement Islamic finance principles and products effectively.