Islamic Banking, Finance & Shariah-Compliant Financial Systems Training Workshop

Course overview

The Islamic Banking, Finance & Shariah-Compliant Financial Systems Training Workshop is a practical professional training programme designed to equip participants with the knowledge and skills required to understand, manage and evaluate Islamic financial institutions, Shariah-compliant financial products and alternative financial systems. The course explores the principles underpinning Islamic finance, including the prohibition of riba (interest), avoidance of excessive uncertainty (gharar), restrictions on gambling (maysir), ethical investment and the connection between financing and real economic activity. Participants examine how these principles are applied through Islamic banking contracts, deposit and investment accounts, trade finance, asset-based financing, partnership arrangements, capital markets and Islamic insurance.

The workshop also covers Shariah governance, financial reporting, risk management, regulatory compliance, liquidity management, digital Islamic finance and the growing role of artificial intelligence in financial analysis and operational decision-making. Practical case studies help participants understand how Islamic financial products are structured, assessed and monitored in professional settings. By the end of the training, participants will be better prepared to analyse Islamic banking products, interpret Shariah-compliance requirements, evaluate financial risks and contribute to the effective management of Islamic financial institutions and financial services.

Course objectives

• Explain the foundational principles, objectives and ethical framework of Islamic finance. Differentiate Islamic banking from conventional interest-based banking. Interpret the structures and applications of major Islamic finance contracts.
• Develop practical recommendations for improving Islamic financial product management, governance and operational performance.
• Evaluate digital Islamic banking services, fintech solutions and AI-assisted financial workflows.
• Apply relevant governance, regulatory and financial reporting frameworks.
• Understand sukuk, Islamic capital markets, takaful and Islamic investment products.
• Interpret Islamic financial statements and basic accounting treatments.
• Assess credit, market, liquidity, operational and Shariah non-compliance risks.
• Understand the roles of Shariah boards, internal controls and compliance functions.
• Analyse Islamic deposit, investment, trade finance and asset financing products.

Who should attend

Course content

• Module 1: Foundations of Islamic Banking and Finance Historical development of Islamic finance, philosophy and objectives of Islamic economics, principles of Shariah-compliant financial transactions, Maqasid al-Shariah and ethical finance, prohibition of
• Module 2: Shariah Principles, Sources and Financial Contracts Sources of Shariah relevant to financial transactions, the roles of the Quran and Sunnah in Islamic finance, Ijma and Qiyas in legal reasoning, contemporary scholarly interpretation and Ijtihad
• Module 3: Islamic Banking Products and Operations Islamic current accounts and safekeeping arrangements, savings and investment accounts, profit-sharing investment structures, Islamic retail banking services, Islamic business banking, customer onboarding
• Module 4: Islamic Finance Contracts and Financing Structures Murabaha cost-plus sale financing, Mudarabah profit-sharing partnerships, Musharakah joint-venture financing, diminishing Musharakah structures, Ijarah leasing and lease-to-own arrangements, Sal
• Module 5: Islamic Trade Finance and Working Capital Management Letters of credit and Shariah-compliant trade structures, import and export financing, commodity Murabaha applications and governance considerations, Murabaha-based inventory finance, Salam fi
• Module 6: Islamic Credit Analysis and Financing Risk Assessment Customer financial assessment, cash flow analysis and repayment capacity, creditworthiness evaluation, collateral and security arrangements, assessment of financed assets, financing exposure
• Module 8: Shariah Governance, Compliance and Internal Audit Shariah governance frameworks, responsibilities of the Shariah supervisory board, roles of management and compliance teams, product approval and review procedures, Shariah risk identification, in
• Module 9: Islamic Treasury and Liquidity Risk Management Liquidity management principles in Islamic finance, Islamic interbank market arrangements, eligible Shariah-compliant liquid assets, Sukuk-based liquidity management, commodity Murabaha in treasury
• Module 10: Sukuk and Islamic Capital Markets Islamic capital market principles, Sukuk versus conventional bonds, asset-based and asset-backed structures, Ijarah Sukuk, Musharakah Sukuk, Mudarabah Sukuk, Wakalah Sukuk, sovereign and corporate Sukuk, issuan
• Module 11: Takaful and Islamic Risk-Sharing Systems Principles of Islamic insurance, Takaful operating models, participant risk funds, Tabarru donation arrangements, Wakalah and Mudarabah operating structures, underwriting and claims management, retakaful
• Module 12: Islamic Microfinance, Social Finance and Financial Inclusion Islamic microfinance models, Qard Hasan programmes, small-business and household financing, asset-based microenterprise finance, Islamic agricultural finance, Zakat and eligible distr
• Module 13: Regulation, Standards and International Best Practices Roles of national financial regulators and central banks, Islamic banking licensing and supervision, applicable Basel prudential principles, Islamic Financial Services Board (IFSB) standard
• Module 14: Digital Islamic Banking, Fintech and Artificial Intelligence Digital Islamic banking business models, mobile and online Islamic financial services, digital onboarding and customer verification, Islamic fintech platforms, smart contracts and blo
• Module 15: Islamic Banking Strategy, Performance and Capstone Project Strategic planning for Islamic financial institutions, product development and market positioning, customer acquisition and retention, profitability and efficiency analysis, financial a

General notes

• 5. Practical Exercises and Expected Outputs Analyse the differences between Islamic and conventional banking, comparative banking principles and product assessment report, evaluate Murabaha and Ijarah financing cases, completed financing structure comparison and contract checklist, calculate profit allocation for a Mudarabah investment account, profit distribution worksheet with documented assumptions, assess an Islamic SME financing application, financing appraisal report with cash flow analysis and risk recommendations, review a sample Islamic bank financial statement, financial performance analysis and accounting observations, conduct a Shariah-compliance review of selected transactions, Shariah-compliance checklist and corrective action register, analyse an Islamic bank liquidity position, liquidity gap analysis and contingency funding recommendations, evaluate a Sukuk investment opportunity, Sukuk assessment report covering structure and investment risks, compare Takaful operating models, Takaful product comparison and governance review, design an Islamic microfinance product, product proposal with pricing considerations and social impact indicators, use AI to analyse a sample banking dataset, AI-assisted risk and performance summary validated against source data, develop an Islamic banking product proposal, capstone report covering product structure, Shariah considerations, risk assessment, operational requirements and implementation recommendations.
• Training Methods and Learning Resources The workshop uses instructor-led presentations, practical case studies, group discussions, contract-structure analysis, financial calculations, guided product assessments, regulatory framework reviews, sample financial statements, simulated Shariah-compliance audits and an integrated capstone project. Participants should have access to a computer, spreadsheet software such as Microsoft Excel, sample Islamic banking financial statements, illustrative financing contracts, product documentation, risk assessment templates and selected AI tools for supervised analytical exercises. Reference materials may include applicable AAOIFI and IFSB publications, relevant IFRS guidance, and regulatory documents from the appropriate jurisdiction.
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Frequently asked questions

Schedule & fees