This 1-day “Introduction to Islamic Finance” course provides an overview of the key concepts in Islamic finance as well the nature of contemporary Islamic finance practice. The course is designed to prepare future entrants in the Islamic finance industry in Singapore and elsewhere.
By attending this introductory course, participants will obtain on overview of the key concepts in Islamic finance with an emphasis on the knowledge and skills to:
1.Identify and apply the Shariah fundamentals related to contracts in operations and product related transactions;
2.Analyze the mechanisms and various structures of Islamic Finance;
3.Differentiate between conventional and Islamic Finance products and operations; and
4.Carry out Islamic finance transaction in Singapore.
Upon completion of this course, participants will be encouraged to attend the more intensive 4-day course which is based on IBFIM’s Associate Qualification in Islamic Finance (AQIF) which is designed to meet industry needs and standards. The AQIF qualification seeks to equip and assist working adults as well as industry practitioners to develop their competencies, skills and knowledge in Islamic Finance.
This course is divided into 3 parts:
PART 1 Philosophy and Fundamentals of Shariah for Islamic Finance
This part provides a basic introduction to the origin, sources, purpose and philosophy of Shariah Islamiyah which is the foundation of the Islamic financial system. It will highlight (1) the fundamentals and pillars of the application of Islamic laws in financial practice, which will be a basis for the Islamic financial institutions to comply with the stated laws and principles. (2) the fundamental knowledge of ethics from an Islamic perspective and its relation to Islamic Finance activities. This is based on the principles that Islamic Finance offers global financial stability and high ethical standards.
PART 2 Application of Shariah in Islamic Finance
This part highlights the application and mechanism of the most widely used Shariah contracts in Islamic Finance. Participants will examine and synthesize the various Shariah contracts in structuring Islamic financial products and services. To set the context, participants will also be introduced to the key components in the contemporary Islamic Finance architecture which comprises of the underlying Shariah principles, the instruments and the issues relevant to the Islamic financial products and services.
PART 3 Legal Aspects & Islamic Finance Practice in Singapore
This part provides an introduction to the practice of Islamic finance in Singapore including a review of the legal and regulatory framework. Samples of legal documents governed by Singapore law will be used and past actual transaction will be used as examples.
AVP (International Business & Licensing)
DID: +65 6632 9530