Ability and competency to:

• Identify and apply the Shariah fundamentals related to contracts in operations and product-related transactions
• Analyze the mechanisms and various structures of Islamic Finance
• Differentiate between conventional and Islamic Finance products and operations

M1: Philosophy and Fundamentals of Shariah for Islamic Finance (1-Day)

• This course provides a comprehensive understanding of the origin, sources, purpose and philosophy of Shariah Islamiyah which is the foundation of the Islamic financial system. This course will also highlight the basic fundamentals and pillars of the application of Islamic laws in financial practice, which will be a basis for Islamic financial institutions to comply with the stated laws and principles.

M2: Application of Shariah in Islamic Finance (2-Day)

• This course will highlight the application and mechanism of the most widely used Shariah contracts in Islamic Finance. Throughout the course, participants will examine and synthesize the various Shariah contracts in structuring Islamic financial products and services.

M3: Ethics in Islamic Finance (1-Day)

• This course provides 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.

M4: Legal Aspect & Governance for Islamic Finance (1-Day)

• This course provides a comprehensive understanding of the Islamic laws and principles that govern the Islamic financial system. The highlight will be on the importance of Shariah governance in Islamic Finance which is in accordance with local as well as international regulatory guidelines and standards.

M5: Islamic Finance Architecture (1-Day)

• The strength of the industry lies in its architecture that gives options to the customers. Nonetheless, the contemporary Islamic Finance architecture still needs refinement and enhancement to make it as competitive as the conventional system. Hence, this program will highlight the important components in the contemporary Islamic Finance architecture which comprises the underlying Shariah principles, the instruments and the issues relevant to the Islamic financial products and services.

• One Hundred (100) Multiple Choice Questions
• Two and a half (2.5) hours examination
• Passing mark: 60%