Module 1 :
Islamic Economics & Finance
This module provides an introduction to the concepts of Islamic economics and Divine Guidance in Islam for the development of an interest-free economy based on the principles of socio-economic justice.
Lesson 1. An introduction to the concepts of Islamic Economics
Lesson 2. Divine Guidance for an Islamic Economy
Lesson 3. Evolution of Islamic Interest-free Banking
Module 2 : Islamic Commercial Law & Contract
This module explains the Islamic principles and the modes used in financing and contracts, such as Qard, Dayn, Musharakah, Mudarabah, Ijarah, Wakalah, Kafalah, Hawalah, Jua’lah and Tawarruq
Lesson 1. Islamic Commercial Law & the Concepts, Principles and Forms of . ...............Bai'(Trading)
Lesson 2. Qard and Dayn in Islamic Commercial Law
Lesson 3. Musharakah and Mudarabah
Lesson 4. Diminishing Musharakah as a Financing Mode
Lesson 5. Credit Sales: Murabaha and Musawamah
Lesson 6. Future Sales: Salam and Istisna
Lesson 7. Ijarah (leasing) in Islamic Finance
Lesson 8. Accessory Contracts (Wakalah, Kafalah, Jua´lah, Tawarruq. Istijrar)
Module 3 : Islamic Banking Operations
This module provides an introduction to the conventional banking system and goes on to deal with the key operations of Islamic banks and co-operation between conventional and Islamic financial Institutions.
Lesson 1. An outline of the conventional banking system
Lesson 2. Deposit/Resource Mobilisation by Islamic Banks
Lesson 3. Financing by Islamic Banks – Asset Side
Lesson 4. Islamic banks Services and Fee-based Operations
Lesson 5. Cooperation between Conventional and Islamic financial Institutions
Module
4 : Treasury and Capital Market Operations
This module deals with the Islamic Financial Markets, scope and instruments. It also discusses the concepts of venture capital, investment funds, units trusts, securitisation and sukuk in accordance with Islamic principles.
Lesson 1. Islamic Financial Markets and Instruments
Lesson 2. Venture Capital under the Islamic Financial System
Lesson 3. Islamic Funds and Unit Trusts
Lesson 4. Securitisation and Sukuk
Module 5 : Regulation, Supervision and Corporate Governance
This modules deals with governance and transparency issues in Islamic financial institutions, supervisory and regulatory issues, the role of the Religious Board, Shari’ah compliance audit, accounting and taxation issues. Its also provides guidelines for conversion of Interest-Based Banking to Islamic Interest-Free Banking and the practical steps for establishing an Islamic bank
Lesson 1. Good Governance and Transparency in Islamic financial institutions
Lesson 2. Supervisory Issues, Internal Controls and Audit for Shari’ah . ...............compliance
Lesson 3. Accounting and Taxation Issues in Islamic Banking
Lesson 4. Islamic Banks’ Financial Statements
Lesson 5. Practical steps for establishing an Islamic Bank
Lesson 6. Conversion of a Conventional Bank to an Islamic Bank
Module 6 : Takaful - Alternative to Insurance
This module explains Takaful and its rationale as an alternative to conventional insurance, the basic elements and models for takaful business and Re-takaful (Reinsurance)
Lesson 1. Concept, Objective, Basis and Priciples of Takaful
Lesson 2. Basic Elements of Takaful
Lesson 3. Takaful Business Models and operational issues
Lesson 4. Family Takaful and Areas of Application
Lesson 5. General Takaful and Areas of Application
Lesson 6. Re-takaful or Reinsurance
Lesson 7. Regulatory Framework in the Takaful insdutry
To register for the course please submit the Application Form duly completed
"I
found the Diploma course really useful, helpful, very much informative
and thought provoking. The Diploma course will of course be helpful
in my Islamic banking career."
Javed Akhtar,
Officer Monitoring Audit & Inspection
United Bank Ltd. Pakistan
"The
course is very comprehensive and gives you a complete insight about Islamic banking and Insurance. The contents of the study matter are very Detailed and updated. Its arms the student with completed knowledge about the concepts of Islamic banking, the product that can be offered, detail about the products, Risk Management in Islamic Banking right to the balance sheet of the Islamic Bank. Overall its a great course and I will highly recommend it to anyone who intends pursuing a career in banking. Islamic banking is the growth area of the banking industry globally."
Darryl D'Souza
Senior Manager - Credit MIS, Analytics and Policy
First Gulf Bank
"I thought you might be interested to know that I have been offered, and I have accpeteed, a job at the Islamic DEvelopment bank (IDB) in Jeddah as part of the Young Rofessionals Program."
Randolph Skomer Quinault
Student, Institute of Islamic Banking and Insurance
"The
course has indeed broadened my vision of Islamic Banking to many
folds. The Institute has extended unprecedented services towards
the training and promotion of Islamic Banking and Insurance. Most
importantly it has not restricted itself to geographical parameters
that is why people all over the world are getting benefited from
it. Ever since I have come to know about the institute, its aims,
objectives and services, I am, have been and will remain one of
the great admirer and supporters of the institute for its services
to the entire banking and insurance community."
Aziz Adil,
Assistant Vice President
Faysal Bank Ltd. Pakistan.
