Program Outline - Introduction to Islamic finance: Main prohibitions and rules
- Basic financial modes used by Islamic banks
- Hedging products in Islamic finance
- Case study: Sukuk (Islamic bonds) structures and risks
- Islamic funds and asset management
- Islamic structured products
- Takaful (Islamic Insurance)
Overview Ireland is looking to rebuild its financial services sector by becoming a centre of excellence in Islamic financing, having recently signed double-taxation agreements with Saudi Arabia, Bahrain, Kuwait and the United Arab Emirates and by ensuring that Irish tax laws and financial regulations are Shariah -compliant. Why is Islamic finance such an opportunity for Irish financial institutions? Islamic Finance has been expanding strongly all over the world during the past few years and shows significant product innovation and sophistication. Shariah-compliant products have proven to be attractive to non-Muslim investors and offer many opportunities, even for non-Islamic institutions. This is due to the fact that up to 50% of the total savings of the Muslim population worldwide are projected to be invested in a Shariah-compliant way within the next five years, making it an extremely fast growing business worldwide. Furthermore, Islamic instruments are highly useful alternative investments for the diversification of portfolios, as they have low correlation to other market segments, allow the selective underweighting of particular sectors and seem to be relatively independent even from market turbulences like the sub-prime crisis. This one-day seminar shall provide you with the necessary information you need to better understand Islamic financial principles, product characteristics and strategies in order to operate within this growing market.
Hear key insights on the:
* growing liquidity and organisation of Islamic finance capital markets and innovations in product structures
* implications of the increasing standardisation of derivatives and Sukuk (Islamic bonds) on investment strategies
* risk management of Islamic financial products
* challenges and opportunities of replicating conventional products, including complex structured products, in a Shariah-compliant way
Who should attend? Treasurers - Traders - Risk managers - Asset and fund managers - Product development executives within banks and other financial institutions - Accountants and auditors
PLUS! All seminar participants will receive a complimentary copy of the book Islamic Capital Markets: Products and Strategies (The Wiley Finance Series, 2011), authored by Kabir Hassan and Michael Mahlknecht; the complete investors' guide to Islamic finance.
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