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

Course overview

The Shariah-Compliant Financial Products & Services Training Workshop equips banking and finance professionals with practical knowledge of Islamic financial products, services and contractual structures. Participants explore Murabaha, Mudarabah, Musharakah, Ijarah, Salam, Istisna, Islamic deposit and investment accounts, Sukuk, Takaful and trade finance solutions. The course covers product structuring, Shariah compliance, risk assessment, governance, customer suitability and regulatory considerations, alongside emerging Islamic fintech solutions and AI-assisted financial product analysis.

The course examines how Islamic financial institutions design products around permissible trade, leasing, partnerships, investment and other recognised contractual arrangements. Participants explore the principles governing Murabaha, Mudarabah, Musharakah, Ijarah, Salam, Istisna and Wakalah, as well as Islamic deposit and investment accounts, trade finance, Sukuk, Takaful and digital financial services.

Course objectives

• Explain the principles governing Shariah-compliant financial products and services. Differentiate major Islamic finance contracts and identify their appropriate applications. Analyse Islamic banking, investment, leasing, trade finance and insurance products.
• Apply AI-assisted tools to product research, financial analysis and reporting, subject to appropriate verification and governance.
• Understand the role of regulatory standards and Shariah supervisory arrangements in product approval.
• Evaluate the performance and competitiveness of Islamic financial products.
• Apply product governance, documentation, disclosure and customer suitability procedures.
• Assess operational, credit, market, liquidity and Shariah non-compliance risks associated with financial products.
• Develop product proposals that address customer needs, commercial viability and Shariah requirements.
• Evaluate product structures, contractual obligations, pricing methods and profit allocation.

Who should attend

Course content

• Module 1: Foundations of Shariah-Compliant Financial Products Principles of Islamic commercial transactions, objectives of Shariah and ethical finance, prohibition of riba, gharar and maysir, permissible and prohibited economic activities, ownership and t
• Module 2: Islamic Financial Contracts and Product Structures Contract formation and validity, offer and acceptance, ownership and possession requirements, Murabaha cost-plus sale contracts, Mudarabah profit-sharing partnerships, Musharakah joint-venture a
• Module 3: Islamic Deposit, Savings and Investment Products Current accounts and safekeeping arrangements, Qard-based account structures where applicable, savings account models, Mudarabah investment accounts, Wakalah-based investment accounts, restricted
• Module 4: Murabaha and Islamic Asset Financing Products Cost-plus sale financing principles, asset identification and eligibility, acquisition and ownership requirements, purchase orders and agency arrangements, disclosure of acquisition cost and profit m
• Module 5: Mudarabah and Musharakah Investment Products Capital contribution requirements, profit-sharing ratios and contractual agreements, treatment of financial losses, roles of capital providers and managers, unrestricted and restricted Mudarabah, join
• Module 6: Ijarah, Leasing and Asset-Use Products Principles of Islamic leasing, ownership and usufruct, operating and finance lease structures, asset ownership responsibilities, maintenance and insurance obligations, rental determination, lease periods an
• Module 7: Salam, Istisna and Sector-Specific Financing Products Salam contract requirements, advance payment and delivery obligations, commodity specifications and delivery conditions, agricultural financing applications, Istisna manufacturing and constru
• Module 8: Islamic Trade Finance and Business Banking Services Import and export financing, Murabaha-based trade finance, letters of credit and related permissible structures, documentary collection and payment services, working capital products, inventory
• Module 9: Sukuk, Islamic Investments and Capital Market Products Islamic capital market principles, differences between Sukuk and conventional bonds, Ijarah Sukuk, Musharakah Sukuk, Mudarabah Sukuk and Wakalah Sukuk, asset-based and asset-backed structure
• Module 10: Takaful and Islamic Protection Products Principles of Islamic cooperative insurance, Takaful operating models, Tabarru contribution arrangements, Wakalah and Mudarabah structures, family and general Takaful products, underwriting and claims man
• Module 11: Islamic Microfinance and Social Finance Products Qard Hasan financing, Islamic microenterprise finance, asset-based small-business financing, agricultural and livelihood financing, group-based financing arrangements, Zakat and eligible distribu
• Module 12: Islamic Product Pricing, Profit Allocation and Financial Analysis Product cost structures, direct and indirect operational costs, profit margin determination, rental pricing, partnership profit-sharing ratios, expected return analysis, benchmar
• Module 13: Shariah Governance, Product Approval and Regulatory Compliance Shariah supervisory board responsibilities, product development and approval processes, Shariah review and audit, product documentation standards, contract sequencing and execution
• Module 14: Digital Islamic Finance, Fintech and AI-Assisted Product Development Digital Islamic banking services, mobile and online financial products, digital onboarding and customer verification, Islamic fintech business models, digital financing applic
• Module 15: Product Development, Testing and Capstone Project Identification of customer needs and market gaps, product concept development, target market definition, selection of appropriate Islamic finance contracts, product structure and workflow design

General notes

• The workshop goes beyond theoretical concepts to examine product development, pricing, profit allocation, documentation, customer suitability, operational workflows, risk management and Shariah governance. It also addresses the importance of product approval, transparent disclosure, regulatory compliance and ongoing monitoring throughout the product lifecycle.
• A practical AI component introduces the use of AI-assisted tools for financial product research, comparative analysis, customer needs assessment and product performance reporting, while emphasising human review, confidentiality and independent Shariah approval.
• 5. Software, Tools and Reference Frameworks - Microsoft Excel: Product pricing, profit allocation, financing schedules, cash flow analysis, profitability calculations and sensitivity analysis. - Power BI: Product performance dashboards, customer segmentation, portfolio analysis and management reporting. - SQL: Querying sample financial product, customer and transaction datasets. - Python and Jupyter Notebook (optional): Financial modelling, portfolio analysis, customer behaviour analysis and product performance forecasting. - AI assistants: ChatGPT or comparable tools for product research, drafting product briefs, comparing product features and preparing preliminary analytical summaries. - Reference frameworks: Relevant AAOIFI standards, IFSB standards, applicable IFRS requirements and jurisdiction-specific banking and financial services regulations. - Practical templates: Product concept note, Shariah review checklist, product approval form, pricing model, risk assessment matrix, customer disclosure checklist and product performance dashboard.
• Practical Exercises and Expected Outputs Compare Islamic and conventional financial products, comparative product assessment report, structure a Murabaha financing transaction, product flowchart and transaction documentation checklist, calculate Mudarabah profit allocations, investment profit-sharing worksheet, develop an Ijarah leasing product, lease payment schedule and contractual responsibility matrix, design an Islamic SME trade finance solution, trade finance product proposal and risk register, assess a Sukuk investment, investment assessment report covering structure and key risks, compare Takaful products, product comparison and customer suitability matrix, develop an Islamic microfinance product, microfinance product proposal and social impact indicators, calculate product pricing and profitability, spreadsheet-based pricing model with sensitivity analysis, conduct a Shariah compliance review, compliance checklist and corrective action register, analyse product performance data using Power BI, interactive product performance dashboard, use AI to compare product features and customer needs, verified product comparison and documented analysis, complete the capstone assignment, comprehensive Shariah-compliant financial product proposal with contract structure, pricing, target market, risk controls, compliance considerations and implementation plan.
• The Shariah-Compliant Financial Products & Services Training Workshop provides practical training in Islamic banking products, Shariah-compliant financing, investment structures and Islamic financial services. Participants learn to assess Murabaha, Mudarabah, Musharakah, Ijarah, Salam, Istisna, Sukuk and Takaful products, while developing skills in product pricing, financial analysis, risk management, customer suitability and Shariah governance. The course also explores digital Islamic finance and AI-assisted product analysis to support responsible product development and financial decision-making.

Frequently asked questions

Schedule & fees