Course Objective

This course is designed to provide participant with an in-depth understanding of the Islamic capital market, its structure and growth. It will discuss the various structures of Islamic Sukuk, looking at their market rating and the legal and Shari’ah issues involved. It will also address issues involved in converting conventional bonds into Islamic securities and the raising Islamic investment funds and their structures. The course is designed to show participants how the Islamic market is continuing to develop and opening up new structures.


Who Should Attend?

Financial Analysts, Accountants, Financial Regulators, Portfolio Managers, Securities Analysts, Credit/Investment Analysts, Auditors.


Prerequisite Courses

None


Course Overview

• Overview of Islamic Capital Markets
• Structures of Islamic Finance
• Classical Finance Contracts in Shari’ah
• Case Studies
• Financing Elements in Sharing Finance Contracts
• Structured Hybrid Islamic Financing Products
• Basic Shari’ah and Legal issues and documents involved
• Who issues Islamic securities
• Current Trends in Sukuk (Islamic Bonds)
• Case studies: Temporary Mudarabah Bonds
• Sukuk Structures
• Financial assets versus Real assets
• Are Islamic Sukuk only a veil
• Key issues related to Sukuk
• Current and Future development in Islamic financial product
• Swaps of conventional issues into Sukuk
• Case studies
• Islamic Invesment Funds
• Stocks Hedging
• Currency Hedging
• Types of Sukuks
Fixed Income
Variable Income


Learning Goal

Participants should be able to:
• Understand of the dynamics of Islamic finance.
• Understand Islamic securities, their nature and why and how they are introduced.
• Engage very well with the core regulatory issues.
• Know, who issues Islamic bonds and the market demand for them.


Course Materials

Course notes, handouts