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Moreover developments within the Islamic banking and finance industry have been acclaimed as being one of the most significant advances, within the international financial markets, in recent history.
Islamic banking has grown from what was a niche market to becoming a major element in the world’s financial market place. Islamic banking now exists in over 75 countries offering a broad and sophisticated range of products. The size of the market is now around $800bn. It is expected to experience double digit growth in the coming decades.

There are many groups, apart from practising bankers, who could benefit from a better understanding of the basic principles of Islamic finance. This group would include the media, journalists, PR companies, lawyers, fund managers, accountants, software companies, regulators, property developers, stock exchange officials, rating agencies, information providers, etc.

About the Course Tutor: Brian Kettell MSc. (Econ)

Brian Kettell has a wealth of experience in the area of Islamic finance. He worked for several years as an Economic Advisor for the Central Bank of Bahrain where he had numerous Islamic banking responsibilities.
Subsequently, Brian taught courses on Islamic banking and finance at a range of financial institutions including the World Bank , National Commercial Bank (Saudi Arabia), Global Investment House (Kuwait), Noor Islamic Bank (UAE), the UK Treasury, the Central Bank of Iran, the Central Bank of Syria, the Securities Investment Institute ,the Institute for Financial Services and Scotland Yard.
Brian’s vast academic expertise in Islamic finance is highlighted by his role as Joint Editor of the Islamic Finance Qualification Handbook and his past teaching work at a number of top universities worldwide including the London School of Economics, the City University of Hong Kong and London Metropolitan University Business School.

Brian’s impressive list of publications include over 100 articles in journals, business magazines and the financial press including Islamic Business and Finance, Islamic Banking and Finance, the Central Banking Journal, Euromoney, the Securities Journal and the International Currency Review.

He has also published 16 books on banking and financial markets including “Islamic Capital Markets”, “An Introduction to Islamic Banking and Finance “ and “Islamic Sukuk: A Definitive Guide to Islamic Structured Finance”.

Course Content

What are the principles of Islamic Banking and Finance?
• What is Islamic banking?
• What are the driving principles of Islamic banks?
• The characteristics of an Islamic financial system:
1. Riba
2. Risk sharing /profit sharing/loss sharing
3. Time value of money Islamically interpreted
4. Prohibition of speculation
5. Sanctity of contracts
6. Sharia’a approved activities
• Riba definition, interpretation and implications for Islamic banking
• Sharia’a principles as applied to Islamic banking
• The role of the Sharia’a Board: the key questions the Sharia’a Boards ask
• What are the problems with the Fatawas issued by Sharia’a Boards?
• How do the financial statements of Islamic banks compare with those of conventional banks?

The Key Contracts in Islamic finance
• Nature of Islamic contracts
• Transactional contracts: Murabaha, Salam, Ijara, Istisna’a, Musharaka.
• Intermediation contracts: Mudaraba, Kafala, Amana, Takaful and Wakala.
• What are the critical limitations of each of these contracts?

What are the key characteristics of the liabilities of Islamic banks?
1. Current accounts
2. Saving accounts
3. Restricted and Unrestricted Investment accounts
4. Bank capital

Who should attend?

This is a comprehensive training programme designed to give delegates an all round understanding of the issues involved in Islamic banking and finance. It will also include new products such as Sukuk and Islamic capital markets. The programme will benefit professionals already involved with Islamic finance, as well as those new to the market.

The course is specifically targeted at:
• Lawyers
• Investment Advisors
• Insurance specialists
• Auditors and compliance professionals
• Media specialists
• Journalists
• Private Bankers
• Analysts
• Government officials
• Investment Bankers
• Regulators
• Central bankers
• Portfolio Managers
• Corporate and Commercial Bankers

How long is the course?

Two days.

The course can be tailor – made to your requirements. Please see take a look at my website where you will find details of some 36 modules I teach on the subject.

Where is the course taught?

The courses are taught IN-HOUSE at the institution which sponsors me. By IN-HOUSE is meant that the courses are taught at the institution which sponsors the courses. The courses are not public courses and can only be taken at the sponsoring institution.

You provide all the training facilities and I then come to you.

Please note that my courses are NOT available in distance learning mode, NOR are they available on-line.

How much does the course cost?

Contact the course tutor for details of my fees. The client is responsible for my expenses (flight and accommodation).

Text book for attendees

All attendees will receive a complimentary copy of the appropriate course tutors textbook

How to contact the course tutor?

e-mail : brian.kettell@islamicbankingcourses.com
Tel /Fax : 44 (0) 207 435 4487
Mobile : 07792069439
Skype : Brianke8555

By Brian Kettel