INTRODUCTIONS

LEARNING OBJECTIVE

The course is exclusively designed to provide comprehensive and practical knowledge of risk management in Islamic financial services. It will also highlight and discuss relevant features, criteria, standards, policies, regulations as well as operations related to the risk issues. What are the current developments and trends ahead for the Islamic financial institutions in mitigating risk in the sectors? What are the successes of managing risk in Islamic finance? What are the criteria and structure of Islamic risk in Islamic financial services? All these issues will be covered in this course.

  • Understand the framework and structure of Islamic financial services
  • Acquire the knowledge of risk in Islamic financial services
  • Identify types of risk in Islamic finance
  • Identify the criteria and principles in mitigating risk in structuring Islamic financial products and instrument
  • Examine several Shariah and legal risks in documentation and structuring Islamic financial services – banking, securities and Takaful
  • Explore and update current issues on risk in Islamic financial services
  • Review and update the challenges of risk in Islamic finance

COURSE MODULE

  • Risk Management Process in Islamic Financial Services
  • Risk Management and Governance In Islamic Financial Services : An Analysis of IFSB and AAOIFI Standards
  • Capital Adequacy Ratio For Islamic Banking – Model and CAR Calculation
  • Legal Risk in Islamic banking and finance
  • Credit Risk in Islamic banking and finance
  • Managing Liquidity Risk in Islamic Financial Products and Instruments
  • Shariah Compliance Risks in Islamic banking and finance
  • Operational Risk in Islamic Financial Services
  • Reporting of Financial Risk in Islamic Finance: An Islamic Accounting Perspective
  • Risk Calculation Method for Islamic Financing
  • Market and Business Risk in Islamic Financial Services

INTRODUCTIONS

LEARNING OBJECTIVE

The workshop is exclusively designed to provide comprehensive and practical knowledge on Islamic accounting for Islamic financial Institutions in Malaysia and worldwide. It will also highlight and discuss relevant standards, policies, regulations as well as operations related to the Islamic accounting in other countries. The distinguished course trainers, who are widely recognised in the Islamic accounting and finance, will provide delegates an opportunity to discuss and explore the latest development and issues of global Islamic accounting. What are the Shariah and legal issues in Islamic accounting? What are the current developments and trends ahead for the success of Islamic accounting? What are the criteria and structure of Islamic accounting standards? What are the Islamic accounting standards in Malaysia and around the globe? All these issues will be covered in this premier workshop.

  • Understand the framework and structure of Islamic financial services
  • Examine the accounting framework and principles for Islamic financial institution
  • Understand accounting techniques and methods adopted in reporting Islamic financial activities
  • Analyse issues relating to accounting, auditing and governance of Islamic financial activities
  • Understand the Zakat principles and techniques for Islamic financial institutions Review what are the issues and challenges of the implementation and development of Islamic accounting.

COURSE MODULE

  • Financial Reporting Environment and Framework for Islamic Financial Institutions
  • Accounting for Deposit Funds and Equity Based Financing of Islamic Financial Institutions
  • Accounting for Mudarabah Financing
  • Accounting for Musharakah Financing
  • Accounting for Murabahah Financing Accounting for Deferred Sale Financing
  • Accounting for Ijarah Financing
  • Accounting for Salam and Parallel Salam Financing
  • Accounting for Istisna’ Financing
  • Accounting for Takaful Business
  • Shariah Compliance Audit: Issues, Opportunities and Challenges
  • Accounting for Zakat of Islamic Financial Institutions

INTRODUCTIONS

LEARNING OBJECTIVE

The workshop is exclusively designed to provide comprehensive and practical knowledge on Shariah compliance review, audit and governance for Islamic financial instutions. It will also highlight and discuss relevant scope, scale and procedures related to the Shariah compliance review process and methodology. The distinguished course trainers who are widely recognised in Islamic finance, accounting and Shariah, will provide delegates an opportunitiy to discuss and explore the issues in Shariah audit of Islamic financial institutions in Malaysia as well as world wide. What is the Shariah compliance review? What are the current developments and trends ahead for the success of Shariah audit? What are the scope, criteria and methodology of Shariah audit? What are the Shariah governing standards around the globe? All these issues will be covered in this premier workshop.

  • Provide an overview of Shariah compliance review framework for Islamic financial Institution
  • Introduce Shariah audit and governance techniques, strategies and methods
  • Understanding platform for discussion on issues relating to Shariah audit based on international standards
  • Examine risks exposures and Shariah compliance audit
  • Identify the scope, scale and procedures that govern the Shariah compliance review process
  • Review what are the issues and challenges of the implementation and development of Shariah compliance review, audit and governance in Islamic financial institutions.

COURSE MODULE

  • Shariah Framework for Shariah Compliance Review, Audit and Governance
  • Development of Shariah Compliance Review, Audit and Governance: Current State Analysis
  • Shariah and Governance Standards: A Primer
  • Regulation & Governance: Role of Shariah Board Islamic Finance Transaction: Analysis of Shariah Compliance Objective
  • Determinants of Shariah Review, Auditing and Governance Framework And Activities
  • Shariah Audit Programme: Key Consideration
  • Shariah Review & Auditing : Structure, Process & Reporting
  • Reporting Process of Shariah Compliance Review, Audit and Governance
  • Case Study: Scope, Scale and Methodology of Undertaking A Shariah Audit Exercise
    • Shariah Audit
    • Operation and Processess
    • Technology Human Resources

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