Leicester Business Consultancy team provides business and management courses which aims to develop a critical and analytical approach to economics, banking and management issues mainly from an Islamic perspective. The offered courses provide a greater awareness of Islamic values and principles, through critical reflection and appreciation of their application in Islamic financial institutions. The following aims are targeted through the range of courses:
- To enhance students’ knowledge and understanding of professional research, skills of enquiry and the use of evidence.
- To enable individuals to take a pathway, which responds to individual and/or institutional needs, according to focus areas and their own context.
- To promote critical engagement in a range of contemporary Islamic banking, finance and management issues relevant to participants’ interests, strengths, academic, professional and/or developmental needs.
The purpose of this course it to provide students with an advanced understanding of the theoretical aspects of the Islamic banking system; a nuanced understanding of the contemporary application of Islamic banking; the institutional frameworks, governance systems and regulation of Islamic banking.
The aim of the course is to explore, at an advanced level, the impact of cultural variations on management issues to rationalise Islamic management, with particular emphasis on the Islamic principles of management and organisational behaviour in general, and motivation and leadership in Islam. It also advances students’ understanding of Islamic management principles and its articulation in various cultural contexts and businesses. Finally, the course explores, at an advanced level, corporate and Shari’ah governance in Islamic economics as well as Islamic corporate social responsibility as part of organisational behaviour.
Learning Outcomes:
- Understand Risk Management in IFIs;
- Learn how Islamic Banks work and risks unique to IFIs;
- Gain insights into the guidelines and principles set by IFSB;
- Discuss the risk inherent in various products of Islamic banks;
- Learn about the Operational risks present in Islamic banks;
- Look into Liquidity and Market risk unique to Islamic banks;
- Understand the capital adequacy ratio in Islamic banks and its implications.
Leicester Training Centre is pleased to offer a certificate course for in-depth study of AAOIFI Shariah Standards. The course – under the supervision of renowned industry experts and Shariah scholars – is designed for industry professionals/academicians who are planning to take place in AAOIFI Shariah Standard exam. This unique course is designed to provide extensive knowledge on AAOIFI Shariah Standards in different Islamic modes and financing facilities with their practical applicability, issues faced in practical execution and continuous monitoring of every individual transaction. This course will provide practitioners with an excellent opportunity to enhance their skills for the development of the industry.
The course provides students with an advanced understanding of key concepts of Islamic law related to commercial and financial transactions. It also provides students with an advanced understanding of the principles and implications of Islamic law for financial transactions and their applications in corporate world. Students are required to critically evaluate the process of law making in Islam and examine the application of Islamic contracts in Islamic financial institutions and different legal jurisdictions.
The course covers the origin, concepts, and working mechanisms of zakah and waqf, as practical tool of system of Islamic welfare economics. This course also develops an understanding of the history and evolution of Islamic institutions and their roles in both from Islamic and conventional settings. Social welfare as one of the main motivations of revenue in an economy based on Islamic values, hence the role of zakah, its administration, and impact; the creation of awqaf and their historical and contemporary roles for Public Policy, Taxation, Zakah and Waqf is cowered.
The growing importance and development of Islamic banking and takaful industry make it essential that anyone interested in the area of Islamic finance is conversant with the fundamentals, core concepts, and practical application of accounting regulatory framework and Islamic financial reporting in Islamic banking and insurance.
Program Contents
- Module 1: Usool ul Fiqh (Islamic Jurisprudence)
- Module 2: Shariah Standards on Modes and Contracts
- Module 3: Shariah Standards on Sale Transactions
- Module 4: Shariah Standards on Investment Arrangements
- Module 5: Shariah Standards on Services Offered by IFIs
- Module 6: Shariah Standards on Zakat & Takaful
- Module 7: Business and Regulatory Environment and other matters