Training in Islamic Finance –
The Islamic Development Bank
IRTI :Wide Regional Coverage
Over the period 1985-2010, IRTI
Organized 426 Training Programs
 These were for benefit of IDB Member
Countries and Non-Member Countries
 12575 professionals participated in

Classification of Training Programs








Islamic Finance
Islamic Economics
Poverty Alleviation
Private Sector Development
Small and Medium Enterprises & Micro-Finance
Project Cycle Framework
Information Technology for Development
Economic polices
Examples of Training Topics In Islamic Finance
An Introduction to Islamic Finance
 Islamic Modes of Financing
 IDB Modes of Financing
 Insurance - Takaful from An Islamic Financial System
Perspective
 Sukuk as Sources of Financing Development Projects
 Islamic Financial Products: Principles and Applications
 Risk of Financing in Islamic Financial Institutions
 Governance In Islamic Financial Institutions
 Shari’ah Standards for Islamic Financial Institutions
 Accounting and Auditing Standards for Islamic Financial
Institutions

Illustrative of Some of These Examples
Topic: NEW PRODUCT DEVELOPMENT IN
ISLAMIC
FINANCIAL INSTITUTIONS
A.



Main Objectives
Allow trainees to learn about the nature and characteristics of
Islamic finance as a modality that can be used for providing an
alternative approach in compliance with Shari'ah rules.
Study the main elements of applied Islamic transactions and
differences between traditional financial engineering and Islamic
financial engineering.
Explore the appropriate setting for Islamic financial products and
the way and method of structuring them with special
Follow…..
reference to Murabaha, Musharaka, Mudharaba, Ijarah, Salam,
Istisna’, and treasury products.
B. Target Population
The target group of the Course is the middle-level
managers and executives working in financial institutions,
especially banks in the IDB Member Countries.
C.
Admission Requirements
University degree in Economics, business Administration,
Finance, Laws or equivalent.
 Be a professional involved in running, launching, and
management of banking operations or related Financial
institutions in IDB Member Countries.
 Have a minimum professional experience of three years in one
or more of the above fields.

Follow…..
D. Main Contents






Overview of Islamic Banking and Finance
Islamic Alternative Modes of Finance to
Conventional Financial Theory
Design of new Islamic financial Products:
Prospects and Challenges
Appropriate Setting for Islamic Financial
Products
Islamic Financial Engineering
Structuring Islamic financial products
Second Illustrative Example
Topic: “Sukuk: Shari’ah and Operational
Aspects” Main Objectives




Provide the participants with a comprehensive
understanding of the burgeoning Sukuk product (its origins
and future) within the parameters promulgated by the
AAOIFI Shari’ah standards.
Make a complete coverage of the salient legal, credit and
operational aspects relating to varying Sukuk structures
possible under different Shari’ah contracts.
Evaluate global trends in the Sukuk market as it continues to
unfold in sovereign and corporate sectors.
Analyze the benefits, costs and risks of Sukuk both from the
issuer as well as investor perspectives.
Follow…..

Discuss the potential of Sukuk within the context of the
overall Islamic finance landscape and its potential for
application in varying capacities for raising funding
requirements.
B. Target Population
Course is designed for university researchers, middlelevel officials, executives and bankers working in financial
institutions and government corporations.
C. Admission Requirements
 University degree in Economics, business Administration,
Finance, Laws or equivalent.
Follow…..
Be a professional having exposure to finance, banking
and other related business activities.
 Have a minimum professional experience of three years
in one or more of the above fields.
D. Main Contents
 Introduction to Islamic finance.
 Discussion of important Fiqh al-Muamalat principles and
Fiqh interpretational issues.
 Understanding the origin of Shari’ah compatible
contracts as well as important principles underlying
such contracts.
 Review of key Islamic finance contracts and practical
examples.

Follow…..
The practical application of Shari’ah compatible contracts
in modern day Islamic banking and finance.
 Definition and Shari’ah basis of Sukuk.
 Current Sukuk Market Overview.
 Comparisons with other conventional capital market
products (Bonds, shares, derivatives etc).
 The Sukuk Issuance process.
 Legal and documentations issues in Sukuk.
 Regulatory and tax aspects of Sukuk.
 Sukuk tradability.
 Sukuk in the context of corporate financing choices.
 Sukuk structuring perspectives.
