Introduction to Islamic Finance and its impact on International Trade
This training provides a solid foundation in the principles and practices of Islamic finance. Participants will explore the ethical and religious concepts that underpin Islamic financial transactions, such as the prohibition of interest (riba) and uncertainty (gharar). Through an in-depth analysis of key instruments and contract types, the course offers practical insight into how Islamic banks operate. The training also highlights the role of Islamic finance in global trade and its interaction with regulatory frameworks.
By the end of this training, participants will be able to:
- Understand the fundamental principles of Islamic finance, including riba, gharar, and maysir.
- Identify and explain the main Islamic financial instruments and contracts such as mudaraba, musharaka, murabaha, and sukuk.
- Gain insight into the role of Islamic finance in international trade and its regulatory environment.
Total price *
Members: € 330
Non-members: € 360
Partners/ BZB: € 330
Incompany: tailor-made, prices on request
* Price: service in the context of continuing professional training, exempt from VAT
CPD Hours Banking: 3h sector specific
Continuing Professional Development
Available dates
06/11/2025 - 09:00u - 12:30u - Introduction to Islamic Finance and its impact on International Trade
Please let us know you're interested in this training should there be no date available, the planned date does not suit you and/or this session is full. As soon as about 5 people are registered on the interest list, we will propose a new course date. Your registration on the interest list is free of charge and without any obligation.
Target group
The training course can be followed by various target groups:
- finance professionals working in conventional or Islamic banking who want to understand Sharia-compliant financial operations
- risk managers
- compliance officers & legal advisors
- trade finance and treasury staff involved in cross-border transactions where Islamic finance principles may apply
- consultants
- …
Required prior knowledge
Advanced level training: this training requires a general basic knowledge of the subject.
Programme
CONTENT
- Definition and overview
- Riba: Forbidden interest or usury
- Gharar: Uncertainty or risk in contracts
- Maysir: Gambling
- Other Prohibited (Haram) Activities: activities not allowed according to Islamic law
- Operating Structure of Islamic Banks: how Islamic banks operate
- Islamic Bank Products – Islamic versus conventional
- Mudaraba: Profit-sharing partnership
- Musharaka: Joint venture
- Murabaha: Cost-plus financing
- Salam and Parallel Salam: Advance payment contracts
- Istisna’a and Parallel Istisna’a: Manufacturing and construction contracts
- Ijara: Leasing
- Salam versus Istisna’a: Comparison of contracts
- Comparison between Islamic Products: Overview of differences
- Qard El Hassan - Wakala – Kafala: Interest-free loans and guarantees
- Waad Forex Hedge: Currency risk hedging
- Off-balance sheet: LC’s, Kafala, Damana: Letters of credit and guarantees
- Wakf and Zakat: Charity and obligatory alms
- Case Studies on Islamic Banks Operations
- Islamic Insurance (Takaful) – Reinsurance (Retakaful)
- Sukuk: The Islamic Bond Market
- Islamic Derivatives
- The Islamic Law of Contract
- Human Resources
- Supporting Bodies – Regulators – Self Regulatory Bodies
- Corporate Governance
- Islamic Finance and UCP 600
- Role of Islamic Finance in International Trade
- Future of Islamic Finance
- Conclusion
PRACTICAL INFORMATION
- Duration: ½ day of training (3 class hours)
- Hours: 09:00 to 12:30
- Location: This training will be given online
- Language: This training will be given in English
- Additional information: How do you start the webinar? You will receive a login and password by email to access our platform. In the platform you will find a link. By clicking on the scheduled date the webinar will start via Webex.
To be granted CPD hours, it is important to enter your own name and surname, follow the entire training day and answer the questions suggested by the trainer. Do not follow the training with several people on the same PC.
Teachers
Sélim Haddad
Risk, finance & treasury
Private banking & asset management
Credits
