Islamic Trade Financing

Islamic trade finance is trade finance performed in a way that complies with Shariah laws. The idea of a set of rules for Islamic finance was introduced around 1950-70 as a solution and a response to the increasing influence of western economies. In Islamic trade finance, trade transactions can be financed either on credit or on a participatory basis. Topics covered in this course includes:

  • Introduction to Shariah principles in Islamic trade financing
    • Key aspects of trade financing: Payment facilitation, financing, risk mitigation and documentation
    • Shariah principles in Islamic trade financing: Musharaka, murabaha and wakala
  • Basis for Islamic trade financing
    • Credit basis involving the delay of the price or delivery of the purchased commodities.
    • Participatory finance in the form of participation of the financier in the profits and losses brought in to resell the financed goods or put them into an income-generating production process.
  • Different credit techniques to comply with Shariah principles
  • Standardization in international trade within an Islamic economy
  • Legal aspects of trade finance structuring and documentation
  • Managing risks in Islamic trade financing
  • Shariah issues in Islamic trade financing: Islamic trust receipts, Islamic shipping guarantee, Islamic accepted bills.

CONTACT

Rafee Salleh
AVP (International Business & Licensing)
Email: rafee@ssagroup.com
DID: +65 6632 9530

PROGRAMME DATES


Date: TBC
Timing: 9 AM – 5 PM
Venue: Lifelong Learning Institute

GET IN TOUCH WITH US

Singapore Islamic Finance Academy (SIFA) is the first Islamic Finance accademy in Singapore — working closely with the renowned IBFIM in Malaysia. Send us your inquiries and we will get back to you shortly.

For corporate enquiries, contact us at

Tel: +65 6632 9530
Email: sifa@ssagroup.com