Key Benefits
- Understand Sharia principles, prohibited elements, and core differences from conventional finance more clearly in practice
- Build practical knowledge of key Islamic finance structures, including profit sharing, joint ventures, leasing, and sukuk markets
- Strengthen your ability to structure products and identify non-compliance risks within Islamic banking and finance
Do You Need to Attend This Course?
Islamic finance training at Redcliffe is a must-know for:
Finance professionals working in banks, corporations or other financial institutions related to the functions of Islamic banking and finance
Legal and financial advisors providing advice to financial institutions in this area
Compliance officers and internal and external auditors who are responsible for checking adherence to Islamic principles and Sharia law
Technical Content
Introduction
Trainer/delegates
Course objectives
Course topics
Introduction to Principles of Islamic Finance
Islamic finance training explores the basics
General principles: Lawful investments
Sharing of profits and losses
Assets trading
Sanctity of contracts
Prohibitions in Islamic finance:
Riba (Interest)
Gharar (Speculation and Uncertainty)
Chance game (Maysir)
Money trading
Types of Islamic Finance and Investments
Profit sharing (Mudharabah)
Joint venture (Musharakah)
Cost plus finance (Murabahah)
Leasing (Ijara)
Agency services (Wakalah)
Guarantees (Kafala)
Future sale contract (Istisna)
Islamic bonds (Sukuk) markets
Conventional and Islamic Commercial Banks: Key Differences
Oversight of a Sharia board
The concepts of money/basis of transactions
Relationships with clients or customers
Investments in the bank conclude this section of the Islamic financial planning course
Case Studies
Training Objectives
The key aim of Islamic banking training is to empower professionals to:
Learn the necessary knowledge of Islamic banking and finance.
Understand Sharia law and principles relevant to Islamic finance.
Structure products and/or services in line with Islamic principles and Sharia law.
Gain skills and experience to work in any facet of this financial system.
Utilise techniques to identify key risks related to non-compliance with Islamic finance laws.
Establish appropriate controls within any organisation.
Training Course Summary
The Islamic finance industry adheres to the principles of Islamic/Sharia law and is further guided by Islamic economics. Interest prohibited under Islamic law means that Islamic finance centres around several key principles, which include the following:
Mudarabah - profit-sharing and loss-bearing products
Musharaka - joint ventures
Murabaha - cost plus arrangements
Ijara - leasing solutions
Besides the prohibition of interest (riba), Islamic finance also prohibits investments in products and/or services which are against Islamic principles.
Redcliffe's insightful and engaging Islamic finance course will enable you to understand fundamental banking and finance principles. The content covers the important tenets of Islamic finance and economic principles. It enables delegates to gain the necessary skills and pursue a career in Islamic Finance.
Islamic banking training will consist of lectures, case studies and discussions.
Your trainer
Course Trainer · 30 yrs experience
- Banking Training Courses
An experienced professional with over 30 years of expertise in the financial services industry delivers Redcliffe's courses on Islamic finance. He is a seasoned educator and has delivered comprehensive courses for over a decade.
With 22 years at HSBC Bank Middle East (1991–2013), he brings a wealth of knowledge and practical insights to his sessions. The trainer’s professional journey began at HSBC. He started as a credit analyst and then advanced to several senior Relationship Manager roles. His tenure at this global institution enabled him to build a solid foundation in banking. He gained a diverse skill set across various sectors. Over time, he developed specialised expertise in Commercial Banking. This was focusing on areas such as:
Corporate Lending
Credit Risk Analysis
Trade Finance
Relationship Management
Corporate Banking & Financial Products
As his career evolved, he broadened his knowledge to include Islamic finance and banking. In 2008, he transitioned into a full-time trainer role within HSBC, a position he held until 2012. Following his time at HSBC, he ventured into independent financial consultancy and training delivery.
With excellent technical knowledge across a broad range of commercial banking businesses and products, he has strong commercial acumen, communication, and interpersonal skills. He employs a unique and engaging delivery style that captivates his audience. This ensures the effective communication of key concepts and nuances during Islamic finance training.
He has delivered technical, product, and behavioural courses to a wide range of audiences. This includes Financial Analysis, Credit Risk Management, Trade Finance, Anti-Money Laundering/Compliance, Project Finance and Sales and Negotiation Skills. As a global educator, he has taken his work across the GCC, MENA, Europe, Latin America, and the Asia-Pacific. He offers valuable exposure to diverse cultural and professional environments.
He has completed trainer accreditation programs in Hong Kong and the UAE and has delivered many seminars and courses.
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