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Certificate in Islamic Finance
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FEES |
| 21 – 24 FEBRUARY 2008 |
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£295* |
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*Grants in the form of tuition fees reduction are available for this course. Please enquire from the admin office.
Islamic Finance and takaful are fast growing niche markets reaching record rates in instances of no less than 15% per annum. This has fuelled up a phenomenon of growth of Islamic capital markets whereby sukuk (Islamic Bonds) and Islamic equity are gradually penetrating international financial markets, and whipping the appetite of large western financial institutions. MIHE takes pride in extending professional and up-to-date training courses in this growing area, thanks to the library, research, computer and academic expertise that has been built over the last three decades.
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Aims of the Course
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To introduce students to the main Islamic financial products in the areas of Banking, Takaful and Stock Exchange. |
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To enable students to appreciate the theoretical and practical aspects of financial engineering. |
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To develop a sound understanding of the Islamic legal principles and doctrines associated with Islamic finance. |
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Learning outcome
On completion of the course students should be able to understand the Islamic mechanism involved in developing financial products.
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Course Outline
The Certificate in Islamic Finance is a beginners course over a four day period. It will focus mainly on family law with a brief introduction to the law of Inheritance. The course will cover:
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Historical development of Islamic Finance |
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Interest (Riba) |
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Islamic Law of Contract |
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Traditional Modes of financing (Musharakah, Mudharabah) |
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Concept of Sale in Islam (Bai' Mu'ajjal, Bai Murabaha, Bai' Salam, Bai'Tawarruq) |
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Introduction to risk (Takaful) |
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Diploma in Islamic Finance
| DATES |
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FEES |
| 21 - 24 FEBRUARY 2008 |
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£595* |
| 7 – 9 MARCH 2008 |
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| 21 – 23 MARCH 2008 |
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*Grants in the form of tuition fees reduction are available for this course. Please enquire from the admin office.
The Diploma in Islamic Finance is a ten day course, the first four days will be studied with the certificate students. This is an intense course developing on the foundations laid by the certificate course. The course will develop three main areas of Islamic Finance:
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Takaful
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Risk management |
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Fundamental of Takaful contracts: Kafala, Tabarru’ and Waqf |
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Life insurance, Car insurance, Housing Insurance and Export insurance |
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Medical insurance |
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Banking Products
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Traditional Modes of financing: Modarabah and Musharakah |
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Fixed Return modes of financing: Bay’ al-Murabaha, al-Istithna’, al-Salam and Ijarah |
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Venture capital |
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Tawarruq |
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Credit cards |
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Stock exchange
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Concept of shares and limited companies |
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Filtering criteria to buy shares |
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Derivatives |
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Unit trust |
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Fund managers |
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Hedging techniques |
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| VENUE |
| The Markfield Institute of Higher Education |
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Who should follow the course?
The course will be useful for those who are involved in the banking sector, the insurance industry and the stock exchange, and students of Islamic banking and finance.
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Assessment Requirement
This will consist of continuous assessments and assignments.
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Accommodation
There is currently no on-site accommodation. Travelodge accommodation is nearby, early booking is recommended.
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Award of Qualification
Students who successfully complete the course will receive their award at the graduation ceremony, which is held in November/December 2008.
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