IRTI TRAINING COURSES Banking... · 2016. 3. 9. · The Islamic Research & Training Institute was established by the Board of Executive Directors of the Islamic Development Bank (IDB)

IRTITRAININGCOURSES

In the Name of Allah, the Beneficent, the Merciful

DR. AHMAD MOHAMED ALIPresident, IDB Group

DR. AZMI OMARDirector General, IRTI

TABLE OF CONTENTS

About IRTI 6Message from the Director General 7Message from the Director, Training & Information Services 8Message from the Manager, Training Division 8Training Courses 9• Introduction• TypesofTraining• Methodology• Certification• ProgramsonOffer

Islamic Economics 1.IntroductiontoIslamicEconomics 13

Islamic Banking & Finance 2.IntroductiontoIslamicBanking&Finance 143.RegulationandSupervisionofIslamicBanks 154. TakafulInsuranceVersusConventionalInsurance 165.IslamicCapitalMarkets 17

Management of Islamic Financial institutions 6.RiskManagementinIslamicFinancialInstitutions 187.LiquidityManagementinIslamicFinancialInstitutions 198.CorporateGovernanceforIslamicFinancialInstitutions 20

Shari‘ah Compliance 9. Shari‘ahSupervisionandAuditingofIslamicFinancialInstitutions 2110. NewProductsDevelopmentinIslamicFinancialInstitutions 2211. Sukuk: Shari‘ah and Operational Aspects 2312. Shari‘ahStandardsforIslamicFinancialInstitutions 24

Poverty Alleviation 13. ManagementofZakahforPovertyAlleviation 2514. ManagementofAwqafforPovertyAlleviation 2815. IslamicMicrofinanceforPovertyAlleviation 29

Private Sector Development 16. FinancingSmallandMediumEnterprises(SMEs) 3017. Public-PrivatePartnership(PPP) 3118. PrivatizationTechniquesandPolicies 32

Human Resource Management 19. ProjectEvaluationandManagement 3320. PerformanceandResults-BasedManagementinPublicSectorInstitutions 34

Macroeconomic Management 21. GovernmentBudgets:PrinciplesandApplications 3522. MonetaryPolicy:PrinciplesandApplications 36

Instructors 39

IRTI TRAINING COURSES

5IRTI Training Courses

ABOUT ISLAMIC RESEARCH AND TRAININGINSTITUTE(IRTI)

Establishment

The IslamicResearch&Training Institutewas establishedby theBoardofExecutiveDirectors of theIslamic Development Bank (IDB) in 1401H (1981). They implemented the Resolution No. BG/14-99adoptedbytheBoardofGovernorsoftheIDBinitsThirdAnnualMeetingheldon10Rabi Thani 1399H (14March1979).TheInstitutebecameoperationalin1403H(1983).

Objectives

Themain objectives of the Institute are to undertake research thatwill enable the economic, financialandbankingactivitiesofIslamiccountriestoconformtotheShari‘ah,andprovidetrainingtopersonnelengagedineconomicdevelopmentinmembercountriesoftheBank.

Functions

Thefunctionsoftheinstituteareasfollows:

• Organize and coordinate basic and applied research in order to developmodels andmethods ofapplicationoftheShari‘ahinthefieldsofeconomics,bankingandfinance.

• ProvidetraininganddevelopmentofprofessionalpersonnelinIslamiceconomicstomeettheneedsofresearchorganizationsandenforcementofShari‘ah.

• TrainpersonnelengagedindevelopmentactivitiesinmembercountriesofIDB.

• Create an information centre responsible for collecting, systematizing and disseminating thenecessaryinformationinthefieldsrelatedtotheseoperations.

• Undertakesuchotheractivitiesthatarelikelytocontributetoachievingitsgoals.

Organization

ThePresidentoftheIDBisthePresidentoftheInstitute.TheBoardofExecutiveDirectorsoftheIDBactsasthesupremebodyoftheInstituteresponsiblefordeterminingitspolicy.TheInstitute’smanagementisentrustedtoaDirectorGeneralselectedbytheIDBPresidentinconsultationwiththeBoardofExecutiveDirectors.

TheInstituteconsistsoftwodepartmentsandfourdivisionsasfollows:

Department of Research and Advisory

• DivisionofResearchinIslamicEconomicsandFinance

• AdvisoryServicesDivisiononIslamicEconomicsandFinance

Department of Training and Information

• TrainingDivision

• InformationandKnowledgeServicesDivision

Headquarters

TheInstituteislocatedattheheadquartersoftheIslamicDevelopmentBankinJeddah,SaudiArabia.

6 Islamic Research and Training Institute

MESSAGE FROMTHE DIRECTOR GENERAL

The importance of capacity building and human capitaldevelopment for the growth and development of the Islamicfinancialservicesindustrycannotbeoveremphasized.ThesteadygrowthinvariouscomponentsofthissectorhascreatedahugegapbetweenthedemandandsupplyofindividualswhopossessthenecessaryknowledgeandskillsforefficientmanagementofIslamicFinancialInstitutions.

The IRTITrainingDivision isoneof themostactivedivisionsin this field. It has accorded high priority tomeeting this gapthrougharangeofinitiativesintheIDBMemberCountriesandfortheMuslimCommunitiesinNon-MemberCountries,suchas:

(i) Identification of Member Countries’ training needs andcategorizationoftheseneedsbythemesandpriority.

(ii) Developmentoftrainingprogrammesbasedonresearchandpolicyanalysis inthefieldofIslamiceconomicsandfinance.

(iii) Developmentoftrainingpackagesandresourcesinthefieldasimportanttoolsforbuildingcapacitiesoftrainingorganisationsandthetrainercommunity.

(iv) Implementationoftrainingprogrammesfortrainers,incollaborationwithreputedtrainingprovidersandcentresofexcellencewithinandoutsideIDBMemberCountries.

(v) Deliveryoftrainingprogrammesbasedonwell-preparedcurricula.

(vi) PartnershipandnetworkingwithsimilarhumandevelopmentinstitutionsandcentresofexcellencetoshareknowledgeandresourcesforcapacitybuildinginitiativesfortheIslamicfinancialservicessector.

TheIRTITrainingDivisionhasbeenconductingtrainingcoursesondifferentaspectsofIslamicEconomics,BankingandFinancesince1983inIDBMemberCountriesandforthebenefitofMuslimCommunitiesinNon-MemberCountries.Overthelast30yearsorso,morethan22,500participantshavebenefittedfromitstrainingcoursessinceitsinception,withanaverage25participantsperanaverageof30trainingcoursesperyear.



MESSAGE FROM THE DIRECTOR, TRAINING AND INFORMATION DEPARTMENTIRTI’s training activities aim mainly at providing trainingopportunitiestostaffengagedindevelopmentactivitiesinmemberand non-member countries with a view to contributing to theimprovementoftheirhumancapital,whichisvitaltotheircapacitybuildingandsocio-economicdevelopment.

Toachieve thisobjective, the IRTITrainingDivisionusesvariousmechanisms to achieve the capacity-building objective describedabove.Followingare themainmechanisms that theIRTITrainingDivision uses to conduct training in Member Countries and forMuslimCommunitiesinnon-MemberCountries:

1. Direct delivery of training using theoretical methodologiesand empirical modules of capacity building in two distinctmodes:asMemberCountryAssistanceTraining(MCAT)andFee-Based-Training(FBT),includingCertification Programmes in Islamic Finance, with focus on professional training in this field toenhanceexpertiseandskillsofthoseworkinginIslamicBanksandfinancialinstitutions.

2. DevelopingTrainingManuals/ResourcesinareasoftrainingandTextBooksthatishighlydemandedbyinstitutionsinMemberCountries.

3. SpecialTrainingincollaborationwithcentresofexcellence.

4. Blendedtrainingandlearningapproachusingdistanceande-Learningtechniques.

Overthelast30years,IRTIDivisionhasgainedalotofexperiencesin providing high class training courses on Islamic Economics,BankingandFinanceandhasbeenabletoforgecloseliaisonwithnational,regionalandinternationalinstitutionsofreputeandcentresof excellence in implementing its trainingactivities. Someof theinstitutions with which IRTI regularly cooperates include: TheCentralBankofOman;TheCentralBankofLibya,TheSalehKamelCentre for Islamic Economics, Al-Azhar University, Egypt; TheEgyptianBankingInstitute;TheBankNegaraMalaysia;TheCapitalMarketDevelopmentAuthority (CMDA),Maldives;TheNationalInstituteofBankingandFinance(NIBAF),Pakistan,TheStateBankofPakistanandmanyothers.

Recently, IRTI started negotiating a number of newmemoranda of understandingwith reputed privatesector institutions in IDB Member Countries for jointly organising fee-based courses. Among these,mentionmaybemadeofTheArabAcademyforBankingandFinancialSciences,Jordan;TheInstituteofBankingStudies,Jordan,AlhudaCentreforIslamicBankingandEconomics,Pakistan,Al-CafiTrainingCentre, Tunisia, etc..

IRTITrainingDivisionislookingforwardtomorecollaborationsandmoredeliveryofsuccessfulprogramsworldwide.

MESSAGE FROM THE MANAGER, TRAINING DIVISION


TRAININGCOURSES


TRAINING COURSESIntroductionComprehensivehumandevelopmentandthedevelopmentofIslamicfinancialservicesindustryconstitutestrategic thrust areas of the IslamicDevelopmentBank (IDB)Group.While the importance of humancapitaldevelopment andcapacitybuilding for socio-economicprogress canbehardlyoveremphasized,promotion of Islamic finance is believed tomake significant contribution towards enhancing financialinclusioninIDBmembercountries.

TheIslamicResearchandTrainingInstitute(IRTI),asamemberoftheIDBGroup,aimsatdevelopinghumancapitalthroughorganizingtrainingprograms,orientation,andknowledgeseminars,usingtraditionalaswellasmoderndistanceslearningande-learningmethods.Activitiesalsoinvolveimprovingquality,efficiency, impact and cost-effectiveness of training programs, income generating, developing trainingpackagesandbuildingpartnershipswiththeprivatesectorinstitutions.

Since itsestablishment in1401H(1981G),as the researchand trainingarmof the IDB, IRTIhasbeenorganizingtrainingcoursesinmultiplelanguages,i.e.Arabic,EnglishandFrench,onthefollowingthemesusingitsrichexperienceaccumulatedoveryearsinconductingsuchcourses,atlocal,national,regionalandinternationallevels.AlargeproportionofthesecoursesareinthefieldofIslamicbankingandfinanceinconformitywiththevision,missionandgoalsofIRTI.

1- IslamicEconomics2- IslamicBankingandFinance3- Shari‘ahCompliance4- PovertyAlleviation5- PrivateSectorDevelopment6- HumanResourceDevelopment7- MacroeconomicManagement

Types of TrainingMember Country Assistance Training (MCAT)In this category, courses are organized in collaborationwith thenational institutionsdesignatedby theIDBGovernorsofthehostcountries.ParticipantsinthesecoursesarenominatedbytherespectiveIDBGovernorsof theinvitedcountry.Basedoncoverage,IRTItrainingcoursesfall inoneof thefollowingcategories:

1- Local:Insuchcourses,participantscomefromthehostcountryonly.2- Regional:Inthesecourses,inadditiontoparticipantsfromthehostcountry,participantsfrom

selectedIDBmembercountriesarealsoinvitedthroughrespectiveIDBGovernors

Fee-based Training (FBT)Inthiscategory,coursesaremainlyorganizedincollaborationwiththeprivatesectorinstitutionsatlocalandregionallevelsundermutuallyagreedtermsandconditions.Coursesarefee-based.ParticipantsmaybeselectedfromeithertheprivatesectororthepublicsectorwithoutnecessarilyseekingtheconsentoftheIDBGovernors.

Tailored TrainingInthiscategory,coursesarecustomizedandtailor-madetosuittospecificrequirementsofanyregionorcountryororganization.

IDB Global Islamic Leadership Program (GILP)The GILP focuses on the practical aspects of leadership and its immediate applicability. It providesparticipants theopportunity tonetworkwith a rangeof ‘in-industry’guest speakers andCEOs throughroundtablesessionsaswellasfieldvisitstorelevantindustrysites.


MethodologyTraining Material / Packages

ThepreparationoftrainingmaterialisacollaborativeeffortbyprofessionalsfromtheTrainingDivisionandexternalsubjectexperts.AStandingTechnicalCommitteeisinvariablysetupforeachcourseforexpert overseeing of the preparation of materialinordertoreflectnewandemergingtrendsandtocatertothechangingneedsofthetargetedtrainees.

Delivery Methods

Coursesaredeliveredusingseveralmechanismsincluding:

1- Presentations2- Lectures3- Case Studies4- BrainstormingSessions5- Group Discussions

Certification

ParticipantsofIRTItrainingprogramsareconferredCertificates of Participation at the end of theprograms.Thesewell-designedcertificatesconfirmthe attendance of the trainee in a given program.EachcertificateisdulysignedbyDirectorGeneral,IRTIandtheheadofthecollaboratingagency.

Programs on Offer

IRTI has identified and developed the followingmain themes for its training programs.A detailedlistofthemainthemesisprovidedbelow:

Islamic Economics

1. IntroductiontoIslamiceconomics

Islamic Banking & Finance

2. IntroductiontoIslamicBanking&Finance3. RegulationandSupervisionofIslamicBanks4. TakafulInsuranceVersusConventional

Insurance5. IslamicCapitalMarkets

Management of Islamic Financial institutions

6.RiskManagementinIslamicFinancialInstitutions

7.LiquidityManagementinIslamicFinancialInstitutions

8.CorporateGovernanceforIslamicFinancialInstitutions



Shari‘ah Compliance

9. Shari‘ahSupervisionandAuditingofIslamicFinancialInstitutions

10. NewProductsDevelopmentinIslamicFinancial Institutions

11. Sukuk: Shari‘ah and Operational Aspects12. Shari‘ahStandardsforIslamicFinancial

Institutions

Poverty Alleviation

13. ManagementofZakahforPovertyAlleviation

14. ManagementofAwqafforPovertyAlleviation

15. IslamicMicrofinanceforPovertyAlleviation

Private Sector Development

16. FinancingSmallandMediumEnterprises(SMEs)

17. Public-PrivatePartnership(PPP)18. PrivatizationTechniquesandPolicies

Human Resource Management

19. ProjectEvaluationandManagement20. PerformanceandResults-Based

ManagementinPublicSectorInstitutions

Macroeconomic Management

21. GovernmentBudgets:PrinciplesandApplications

22. MonetaryPolicy:PrinciplesandApplications

ThefollowingpagesprovidecomprehensivedetailsonthetrainingcoursescurrentlybeingofferedbyIRTIoutoftheabove-mentionedlist.


Duration5days

Languages Arabic,English,French

DescriptionThe main objective of the course is to introducethe participants to the basic principles of IslamicEconomics and to focus onMaqasid Al-Shari‘ah (theobjectivesoftheIslamicLaw)andtheirimpactonthetheoriesandpracticesofIslamiceconomics,banking and finance. The course examines therelationship between Islam and economics andexplores the main building blocks of the IslamicEconomic System in comparison with the latestman-made economic systems: Capitalism andCommunism.TheCourse also gives an overviewonIslamicEconomicThought.

Outline• NormsofIslamicEconomics• OverviewofMaqasid Al-Shari‘ah • Realization of Maqasid Al-Shari‘ah in the

EconomicField• TheIslamicWorldviewand its Impacton the

EconomicBehaviourofMan• Economic problem ofMan and its Solutions

according to Capitalism, Communism andIslam

• The Islamic Economic System Compared toCapitalismandCommunism

• OverviewonIslamicEconomicThought

COURSE 1:INTRODUCTION TOISLAMIC ECONOMICS

ISLAMIC ECONOMICS

Target AudienceUniversity teachers, students and researchersaimingtobeinitiatedintoIslamicEconomics.

Prerequisites• University degree in economics, business

administration,finance,laworequivalent• Proficiency in the course language (Arabic,

EnglishorFrench)

Learning OutcomesAttheendofthecourse,participantswillbeableto:

• Establish the relationship between Islam andeconomics

• DiscoverthenatureandprinciplesofMaqasid Al-Shari‘ah

• Discover thenature andprinciplesof Islamiceconomics

• Identify the main features of the IslamicEconomic system in Comparison withCapitalismandCommunism.



COURSE 2: INTRODUCTION TO ISLAMICBANKING&FINANCE

Duration5days


DescriptionThemainobjectiveofthecourseistointroducetheparticipantstothenatureandprinciplesofIslamiceconomics, banking and finance. The courseexamines themain building blocks of an Islamicfinancial systemasdistinct from theconventionalone. It traces theelementsof Islamic transactionsand the differences between different contracts.The course also explores the appropriate settingfor Islamic financial products and the ways andmethodsofstructuringthem.

Outline• NormsofIslamicFinance• OverviewofIslamicFinancialSystem• Islamic Modes of Finance (sale-based):

Murabahah,Ijarah,Salam,Istisna‘• Islamic Modes of Finance (equity-based):

Musharakah,Mudharabah,Muzara‘ah• StructuringIslamicFinancialProducts• IslamicMoneyandCapitalMarkets• InfrastructureofIslamicBankingandFinance

Target AudienceBankers and finance professionals, students,researchersandteachersaimingtobeinitiatedintoIslamicbankingandfinance


administration,finance,laworequivalent• Professional experience in the management

ofbanksor relatedfinancial institutions foraminimumofthreeyears

• Proficiency in the course language (Arabic,EnglishorFrench)


• Discover thenature andprinciplesof Islamiceconomics,bankingandfinance

• IdentifythemainfeaturesofIslamicfinancialsystem

• Compare the Islamic financial system asagainsttheconventionalone

• Distinguish between Islamic transactions andothercontracts

• Outline ways and methods of structuringIslamicfinancialproducts

ISLAMICBANKING&FINANCE


COURSE 3:REGULATION AND SUPERVISION OFISLAMICBANKS

Duration5days


DescriptionThemainobjectiveofthiscourseistoprovidetheparticipants with a comprehensive understandingof the processes of banking regulation andsupervision,discusswiththemthevariousnationaland international standards for bank regulations,such as the standards of Basel 1 and Basel 2,AAOIFI, IFSB, etc., and introduce them to thevarious methods of risk management in banksin general and in Islamic banks and financialinstitutionsinparticular.Thecoursealsodiscussesthe good governance of Islamic banks and theirsocialresponsibility.

Outline• IntroductiontoIslamicFinance• CentralBankingRegulationandSupervision• Shari‘ahRegulationofIslamicBanks• International Standards of Bank Regulation

andSupervision• RiskManagementinIslamicBanks• AssetandLiabilityManagementofIslamicBanks• GovernanceofIslamicFinancialInstitutions• Corporate Social Responsibility of Islamic

Financial Institutions

Target AudienceCentral bankers, practitioners in central banks,auditors, bank supervisors and regulators ofcommercialandIslamicbanks


administration,finance,laworequivalent• Professionalexperienceinthefieldofbanking

controlandsupervisionforatleastoneyear• Proficiency in the course language (Arabic,

EnglishorFrench)


• Describe comprehensively the processes ofbankingregulationandsupervision

• Identifythevariousnationalandinternationalstandards for bank regulations, such as thestandards of Basel 1 and Basel 2, AAOIFI,IFSB, etc.

• Categorise the various methods of riskmanagementinbanksingeneralandinIslamicbanksandfinancialinstitutionsinparticular

• AnalysegoodgovernanceofIslamicbanksandtheirsocialresponsibility.



COURSE 4:TAKAFUL: ISLAMICINSURANCE

Duration5days


DescriptionThemainobjectiveofthiscourseistoprovidetheparticipants with a comprehensive understandingof insurance,discusswith themthevariousviewsand opinions of Muslim scholars from differentbackground and schools of Fiqh (jurisprudence).The course also discusses the differentmodels ofTakafulengineeredandpracticedintodayMuslimcountries.

Outline• IntroductiontoInsurance

• HistoryofInsuranceanditsdevelopment

• Thecontroversyaboutinsurance

• Takaful Insurance versus ConventionalInsurance

• ThedifferentModelsofTakaful Insurance

Target AudienceInsurers,Centralbankers,practitionersininsurancecompanies,bankers,auditors,insurancesupervisorsandregulatorsofinsurancecompanies.



or insurance• Proficiency in the course language (Arabic,

EnglishorFrench)


• Identify the various opinions of Muslimscholarsaboutinsurance

• DistinguishbetweenTakafulandConventionalInsurance

• ComparethevariousmodelsofTakaful • AnalysetheimpactofTakaful insurance

ISLAMICBANKING&FINANCE


COURSE 5: ISLAMIC CAPITALMARKETS

Duration5days


DescriptionThemainobjectivesofthecoursearetofamiliarizethe participants with the various components ofIslamiccapitalmarket,e.g.instrumentsorproducts,institutionsandregulations.ItundertakesareviewoffundamentalShari‘ahprinciplesunderlyingthefunctioningofthesemarkets.Itfocusesonspecificproducts that have seen wider use in Muslimcountries and theShari‘ah and operational issues concerningthem.

Outline• OverviewofIslamicCapitalMarkets• Shari‘ahPrinciplesinIslamicCapitalMarkets• OperationalModelsforAgriculturalSukuk• OperationalModelsforJo‘alah Sukuk• OperationalModelsforConstructionFunds• Operational Models for Currency and Gold

Funds• Operational Models for Islamic Mortgage

securities• OperationalModelsforIslamicFutures• SovereignFunds

Target AudiencePersonnel working in capital regulatory &supervisionorganizationsandfinancialinstitutions,officials of central banks, Islamic banks, andcommercialbanks


administration,finance,laworequivalent

• Professionalexperienceinrunning,launching,and management of banking operations forthreeyearsattheminimum



• DistinguishthevariouscomponentsofIslamiccapitalmarketsuchasinstrumentsorproducts,institutionsandregulations

• RecognisethefundamentalShari‘ah principles underlyingthefunctioningofcapitalmarkets

• IdentifyspecificproductsthathaveseenwideruseinMuslimcountriesandtheShari‘ah and operationalissuesconcerningthem



COURSE6:RISKMANAGEMENTINISLAMICFINANCIAL INSTITUTIONS

Duration3days


DescriptionThe main objective of this course is to give theparticipants an overview of the development ofIslamic banking and finance, familiarize themwith the main concepts and tools of Islamicfinancial transactions and introduce them to thevariousmodesofIslamicfinance.Thecoursealsointroduces theparticipants to thevariousmethodsofriskmanagementinIslamicbanksandprovidesthem with the main national and internationalstandards for the regulation of Islamic financialinstitutions.

Outline• AnOverview of theDevelopment of Islamic

Banking• IslamicModesofFinance• CorporateGovernanceinIslamicBanking• InternationalStandardsforRegulatingBanks• Islamic Standards for Regulating Islamic

Banks• ExperienceofSelectedIslamicBanks

Target AudienceUniversity teachers, researchers, postgraduatestudents,bankers,accountantsandauditors



andfinanceforatleastoneyear• Proficiency in the course language (Arabic,

EnglishorFrench)

Learning OutcomesAttheendofthecourse,participantswillbeableto:• Outline an overview of the development of

Islamicbankingandfinance• Recognise the main concepts and tools of

Islamicfinancialtransactions• Distinguish the various modes of Islamic

finance• Examine the different methods of risk

managementinIslamicbanks• Categorise the national and international

standardsfortheregulationofIslamicfinancialinstitutions

MANAGEMENT OF ISLAMIC FINANCIAL INSTITUTIONS


COURSE 7:LIQUIDITY MANAGEMENT IN ISLAMIC FINANCIAL INSTITUTIONS

Duration5days


DescriptionThis course aims to familiarize participants withimportanceofandissues in liquiditymanagementfor Islamic financial institutions. The courseincludestheoreticalaswellaspracticaldimensionsof liquidity management, exploring the linkagesbetween Islamic banking and Islamic capital andmoneymarketsforliquiditymanagement

Outline• Liquidity Management in Islamic Banking:

Principles and Applications• RoleofIslamicMoneyandCapitalMarketsin

ManagingLiquidityofIslamicBanks• StructuringandDesigningSukukforLiquidity

Management• LessonsfromSukukPerformance• Shari‘ahComplianceinLiquidityManagement• Challenges in Building a Vibrant Islamic

MoneyMarket• CaseStudiesinLiquidityManagement

Target AudienceParticipantsfrommiddletoseniorlevelwhoworkin central banks/monetary authorities and whoare responsible for supervising Islamic bankingoperations, prudential regulations, treasurymanagement,andformulatepoliciesintheircentralbanks/monetaryauthorities.

Prerequisites• University degree in Economics, Business

Administrationorequivalent.• Minimum professional experience of three

years in a financial institution, developmentfinance corporations or similar governmentbodies.



• Recognise the importance of and issues inliquidity management for Islamic financialinstitutions

• Appraise theoretical as well as practicaldimensionsofliquiditymanagement

• ExplorethelinkagesbetweenIslamicbankingand Islamic capital and money markets forliquiditymanagement



COURSE 8:CORPORATE GOVERNANCE FOR ISLAMIC FINANCIAL INSTITUTIONS

Duration5days


Description Themainobjectiveofthecourseistodemonstratethe conceptual meanings, operational objectivesandtheimportanceofcorporategovernance.Itwillequip the participants with sufficient informationand knowledge for the practical revival of theconceptofcorporategovernanceinIslamicfinancialinstitutionsandprovide themwithan insight intoselectedreal-lifecasesoforganizationswhichhavebeensuccessfullypracticingcorporategovernance.

Outline• Definition,RulesandProceduresofCorporate

Governance• PrinciplesandJustificationforCorporate

Governance• EthicalandAccountingAspectsofCorporate

Governance• MechanismsfortheApplicationofCorporate

Governance• PracticalityofCorporateGovernancein

FinancialMarketsandCommercialBanks• TheIslamicPerspectiveofCorporate

Governance• RoleofCorporateGovernanceinSuccessful

Decision-Making• ExperienceofSelectedCountriesinCorporate

Governance

Target Audience The course is designed for practitioners,governmentofficersandbankerswhoareinvolvedin varying degrees with the implementation ofcorporate governance and working in financialinstitutions or government corporations. Also,thiscourseisdirectedatShari‘ahsupervisorsandmembers ofShari‘ahAdvisoryBoards in Islamicfinancialinstitutions.



• Professional interest in or exposure to theactivation, discussion and development ofissuesrelatedtocorporategovernance



• Describetheconceptualmeanings,operationalobjectives and the importance of corporategovernance

• Apply the practical revival of corporategovernanceinIslamicfinancialinstitutions

• Classifyselectedreal-lifecasesoforganizationswhich have been successfully practicingcorporategovernanceprinciples

MANAGEMENT OF ISLAMIC FINANCIAL INSTITUTIONS


COURSE 9:SHARI‘AHSUPERVISION&AUDITINGOF ISLAMIC FINANCIAL INSTITUTIONS

Duration5days


DescriptionThemainobjectiveofthecourseistoenhancetheparticipant’s knowledge of theory and practice ofShari‘ahsupervisionandauditinIslamicfinancialinstitutions.

Outline• Concepts and Standards of Financial Control

fromIslamicperspective

• Internal and External auditing of the Islamicfinancialinstitutions

• Tools of Financial Auditing, Audit reports,QualityAssuranceoftheInternalProcesses

• External Auditing of the Financial ControlManual

• Practical Difficulties in Financial and AuditControlfromIslamicPerspective

Target AudienceInternal and external auditors, finance directors,Shari‘ah auditors and supervisors in Islamicfinancialinstitutionsandfinancialcontrolinspectorsincentralbanks.

Prerequisites• University degree in accounting, economics,

business administration, finance, law orequivalent

• Professionalexperienceinthefieldofbankingandfinanceforatleastoneyear



• Consolidate theory and practice of Shari‘ah supervision and audit in Islamic financialinstitutions

• Examine the concepts and standards offinancialcontrolfromIslamicperspective

• Differentiate between internal and externalauditingoftheIslamicfinancialinstitutions

• Apply the tools of financial auditing, auditreports, quality assurance of the internalprocesses

SHARI‘AH COMPLIANCE



COURSE 10:PRODUCTS DEVELOPMENT IN ISLAMIC BANKING&FINANCIALINSTITUTIONS

Duration3Days

LanguagesArabic,English,French

DescriptionThe purpose of the course is to create awarenessamong participants about the nature andcharacteristicsof Islamicfinanceasanalternativeapproach to the conventional one because of itsemphasisoncompliancewithShari‘ah rules.Thecourse will address the concepts and elementsof applied Islamic transactions and differencesbetween traditional financial engineering andIslamicfinancialengineering.Thecoursewillalsogive special attention to explore the appropriatesettingforIslamicfinancialproductsandthewaysand methods of structuring them with special referencetoMurabahah, Musharakah, Mudharabah, Ijarah, Salam, Istisna’,andtreasuryproducts.

Outline• AnOverviewofIslamicBankingandFinance

• Islamic Alternative Modes of Finance toConventionalFinance

• Design of New Islamic Financial Products:ProspectsandChallenges

• Appropriate Setting for Islamic FinancialProducts

• IslamicFinancialEngineering

• StructuringIslamicFinancialProducts

Target AudienceMiddle-levelmanagersandexecutivesworking inbanksandfinancialinstitutions



• Professionalexperienceinrunning,launching,and management of banking operations forthreeyearsattheminimum



• Describe the nature and characteristics ofIslamicfinance

• Recognize Islamic finance as an alternativeapproachtotheconventionalonebecauseofitsemphasisoncompliancewithShari‘ah rules

• Appreciate the concepts and elements ofappliedIslamictransactions

• Differenciate between traditional financialengineeringandIslamicfinancialengineering

• Identify ways and methods of structuringIslamic financial products with specialreference to Murabahah, Musharakah, Mudharabah, Ijarah, Salam, Istisna‘, and treasuryproducts



COURSE 11:SUKUK: SHARI‘AH AND OPERATIONAL ASPECTS

Duration5Days


DescriptionThemain objective of the course is to impart anunderstandingoftheShari‘ah basis and operational aspectsofstructuringSukukasameansofraisingresources. It also seeks to discuss the emergingtrends in Sukuk structuring and highlight lessonsfromglobalexperimentsinSukuk issues.

Outline• Islamic Finance:Modes ofTrading, Leasing,

PartnershipandProfitSharing• DefinitionofSukuk and an Introduction to Its

Methodology• Shari‘ahPrinciplesGoverningIssuanceofSukuk• Securitization of Assets and Issuance of

Shari‘ah-CompliantTradableFinancialpapers• Comparison Sukuk with Other Conventional

CapitalMarketProducts• Types of Sukuk- Based on Islamic Contracts

(Ijarah, Salam, Istisna‘)• AssessingPerformance ofSukuk andReview

ofCaseStudies• Sukuk Issuance Process and Issues and Aspects

ofSukuk• Sukuk in theContext ofCorporate Financing

Choices• SukukStructuringPerspectives

Target AudienceThecourse isdesigned foruniversity researchers,middle-level officials, executives and bankersworking in financial institutions and governmentcorporations and engaged in finance and Islamicfinance, management of development projects.These could be, inter alia,managementmembersand executives from central banks, regulatorybodiesandcommercialbanks,treasuryandplanningdepartments,academicians,andresearchers.



• Minimum professional experience of threeyears in a financial institution, developmentfinance corporations or similar governmentbodies



• Illustrate the Shari‘ah basis and operational aspects of structuring Sukuk as a means ofraisingresources.

• DetecttheemergingtrendsinSukukstructuring.

• ExplaintheglobalexperimentsinSukuk issues.



COURSE 12:SHARI‘AH STANDARDS FOR ISLAMIC FINANCIAL INSTITUTIONS

Duration7Days


DescriptionThe course aims at imparting a comprehensiveunderstanding of Shari‘ah standards at all levelsof Islamic banks. The standards as formulatedand approved by the Accounting and AuditingOrganization for Islamic Financial Institutions(AAOIFI) covering about forty various Islamicmodesoffinancewouldbeunderfocus.Participantswouldalsogainanin-depthunderstandingofhowclassical Islamic financial contracts have beenadapted to cater to the complexities of modernbusinessandcommerce.

Outline• DefinitionofShari‘ah Standards• ImportanceofShari‘ah Standards• Emergence and Development of Shari‘ah

Standards• ProcessofFormulationofShari‘ah Standards• Complete Set ofAAOIFIShari‘ah Standards

GoverningtheOperationsofIslamicFinancialInstitutions

Target AudienceThe Course is designed for primary and middle-level bankers/practitioners working in financialinstitutionsandgovernmentcorporations.

Prerequisites• UniversitydegreeinIslamicLaw,Comparative

Law, Finance, Business Administration,Economicsorequivalent


• Exposuretofinance,bankingandotherrelatedbusinessactivities


• AnalysetheShari‘ahstandardsatalllevelsofIslamicbanks

• Assess the Shari‘ah standards as formulatedandapprovedbyAAOIFIcoveringaboutfortyvariousIslamicmodesoffinance

• Appreciate how classical Islamic financialcontracts have been adapted to cater tothe complexities of modern business andcommerce



COURSE 13:MANAGEMENT OF ZAKAH FOR POVERTY ALLEVIATION

Duration5days


DescriptionThemain objective of this course is to introducethe participants to the concept of Zakah and its importance, the Shari‘ah principles governingZakahandthesocio-economicimpactofZakah on poverty alleviation.The course also discusses thedevelopmentalaspectsofZakahandexaminesthesocial justice of implementing it by looking at anumberofcasestudies.

Outline• Introduction to theConcept ofZakah and its

Importance.• UnderstandingZakahanditsJurisprudence• Socio-Economic ImpactofZakah onPoverty

Alleviation.• DevelopmentalAspectsofZakah• CalculationofZakah• Experiences of some Muslim Countries in

ImplementingZakah• UnresolvedIssuesinZakah

Target Audience Government civil servants, tax collectors, staffworkinginIslamiccharityorganizationsandNot-for-profit organizations, university teachers andresearchers

Prerequisites• At least a Bachelor’s degree in Economics,

Law or related subjects

• Minimumoftwoyears’experienceinthefieldoftaxationand/orcharitywork



• Describe the concept of Zakah and its importance

• Examine the Shari‘ah principles governingZakah

• Appraisethesocio-economicimpactofZakah onpovertyalleviation

• Explain the developmental aspects of Zakah and the social justice of implementing it bylookingatanumberofcasestudies

POVERTY ALLEVIATION



COURSE 14:MANAGEMENT OF AWQAF FOR POVERTY ALLEVIATION

Duration5days


DescriptionThemainobjectiveofthiscourseistointroducetheparticipantstotheconceptofAwqaf,itsimportanceandtheShari‘ahprinciplesgoverningAwqaf.ThecoursewillhighlighthowtheinstitutionofAwqaf may play a pivotal role in poverty alleviationefforts in Muslim societies.Among other things,itwouldexaminealternativemethodsoffinancingthedevelopmentofAwqafproperties,thelegalandregulatoryissuesinMuslimcountries.ItwouldalsotouchupontransparencyandgovernanceissuesofAwqaf-basedorganizations.

Outline• Introduction to theConcept ofAwqaf and its

Importance.• UnderstandingAwqafanditsJurisprudence• Socio-Economic ImpactofAwqaf onPoverty

Alleviation.• FinancingDevelopmentofAwqaf Properties• LegalandRegulatoryIssuesGoverningAwqaf• TransparencyandGovernanceIssuesRelating

to Awqaf• Case Studies in Role of Awqaf-Based

InstitutionsinPovertyAlleviation

Target AudienceGovernment civil servants, staff working inIslamic charity organizations and Not-for-profitorganizations,universityteachersandresearchers

Prerequisites• At leastaBachelor’sdegree inEconomicsor

related subjects• Minimum of two years’ experience in the

field of charity work or with not-for-profitorganizations



• Identify the conceptofAwqaf, its importanceandtheShari‘ahprinciplesgoverningAwqaf

• Appreciate how the institution ofAwqafmayplayapivotalroleinpovertyalleviationeffortsinMuslimsocieties

• Explain alternative methods of financing thedevelopmentofAwqafproperties,andthelegalandregulatoryissuesinMuslimcountries

• examine transparency and governance issuesofAwqaf-basedorganizations

POVERTY ALLEVIATION


COURSE 15:ISLAMIC MICROFINANCE FOR POVERTY ALLEVIATION

Duration5days


DescriptionThemainobjectiveofthiscourseistointroducetheparticipantstotheconceptofIslamicmicrofinanceasatooltoenhancefinancialinclusioninMuslimsocietiesandasa toolofpovertyalleviation.ThecoursewillhighlighthowtheIslamicapproachtopoverty alleviation differs from the conventionalone and importance of integrating Zakah and Awqaf with microfinance. It will familiarize theparticipants with alternative models of Islamicmicrofinance highlighting Shari‘ah compliantproducts/mechanismsuitablefornot-for-profitandfor-profit microfinance, challenges and strategicsolutionsfordevelopmentofIslamicmicrofinance.

Outline• IslamicApproachtoPovertyAlleviation• Financial Exclusion and Poverty in Muslim

Societies• AlternativeModelsofIslamicMicrofinance• Products for Not-for-Profit Microfinance

Institutions• Products for For-Profit Microfinance

Institutions• Challenges to Islamic Microfinance

Development&StrategicSolutions• CaseStudies inRoleofIslamicMicrofinance

InstitutionsinPovertyAlleviation

Target Audience Government civil servants, staff workingin microfinance institutions, banks, charityorganizations and not-for-profit organizations,universityteachersandresearchers

Prerequisites • At leastaBachelor’sdegree inEconomicsor

related subjects

• Minimumoftwoyears’experienceinthefieldofmicrofinanceorcharity



• AppreciatetheconceptofIslamicmicrofinanceas a tool to enhance financial inclusion inMuslim societies and as a tool of povertyalleviation

• Recognise the Islamic approach to povertyalleviation differs from the conventional oneand importance of integrating Zakah and Awqafwithmicrofinance

• Analyse alternative models of IslamicmicrofinancehighlightingShari‘ah compliantproducts andmechanism suitable for not-for-profitandfor-profitmicrofinance.



COURSE16:FINANCING SMALL AND MEDIUM ENTERPRISES(SMES)

Duration5days


Description

The main objective of this course is to explainthe importance of small and medium enterprises(SMEs), discuss the alternative ways and meansof financing them and present the Islamicmodesof finance as alternatives and their relevance tofinancingSMEs.

Outline• An Overview on SMEs: Definition, Scope,

Needs

• FinancingSMEs

• IslamicModesofFinancingSMEs

• CorporateGovernanceinSMEs

• ChallengesinSMEDevelopment

• CaseStudiesinSMEDevelopment

Target Audience • ExecutivesofSMEs

• Studentsandpotentialentrepreneurs

• Bankers,regulatorsandpolicymakers

Prerequisites• At leastaBachelor’sdegree inEconomicsor

related subjects• Minimumoftwoyears’experienceinthefield

ofmicrofinanceorcharity• Proficiency in the course language (Arabic,

EnglishorFrench)


• Explain the importanceof small andmediumenterprises(SMEs)

• Distinguishbetween the alternativeways andmeansoffinancingSMEs

• Categorise the Islamic modes of finance asalternatives and their relevance to financingSMEs.

PRIVATE SECTOR DEVELOPMENT


COURSE 17:PUBLIC-PRIVATE PARTNERSHIP(PPP)

Duration5days


DescriptionThemainobjectiveofthiscourseistofamiliarizetheparticipantswiththePublic-PrivatePartnership(PPP) as a mechanism to finance infrastructureprojects, particularly in IDB member countries.The course covers the different issues of PPPin development projects and explores someof its empirical applications with reference toexperiencesofsomecountriesinthisfield.Italsocovers the study of the main elements of PPPcontracts and differences between PPP contractsandothercontracts.

Outline• Public Private Partnership (PPP): An

Overview;PPPobjectives;PPPstructure;PPPsuitability;PPPTechniques

• Procurementmodel;RegulationandTariffsofPPPProjects;RiskManagementFramework

• IdentifyingRightPrivatePartners,Consultants

• PPPDocumentation

• Assessment and Management of Risks ofPPP-basedProjects;Cashflows;ConcessionsAwardMechanismforPPPProjects;DifferentContractsofPPP

• LessonsLearnedfromPPPProjects:Success&Failure(CaseStudies)

Target AudienceProfessional department directors, middle andsenior-level managers and executives workingin infrastructure projects (such as energy, water,transports,etc)

Prerequisites • University degree in economics, business


• Minimum 3 years of professional experiencein financing, launching, and management ofinfrastructureprojects



• Recognise the Public-Private Partnership(PPP)asamechanismtofinanceinfrastructureprojects,particularlyinIDBmembercountries

• Distinguish different issues of PPP indevelopmentprojectsandexploresomeof itsempiricalapplications

• Examine themain elements of PPP contractsand differentiate between PPP and othercontracts



COURSE 18:PRIVATIZATION TECHNIQUES AND POLICIES

Duration5days

LanguageArabic,English,French

DescriptionThemain objective of the course is to familiarizethe participants with the different techniques ofprivatizationofpubliclyownedcorporations,providethem with better understanding of the objectivesof privatization and enhance their awareness andunderstandingof the reformsneeded tosupport theprivatization process and enable them to identifyproblems and issues pertaining to the process ofprivatization.

Outline• Privatization and Denationalization of

Enterprises• Substance,FormandWaysofPrivatization• StrategyofDevelopmentofPrivatization• Problems,MethodsandModelsofPrivatization

inMarketTransformationConditions• Legal and Regulatory Framework of the

PrivatizationProcess• StagesofPrivatizationProcessDevelopment• Financial Policy and Support of the

PrivatizationDevelopment• Influence of Investments on Development of

PrivatizationProcess

• Impact of Privatization Process on SocialStructureDevelopment

• Restructuring Process of Enterprises underPrivatization

Target AudienceThe course is designed for senior management/executives who are working in public enterpriseslikely tobeprivatized in thenear future in sectors,suchas,telecommunications,electricpowerindustry,railways, public transportation, mining, as also forofficialsfromotherinstitutionswithstrategicinterestinprivatization.


administration,finance,laworequivalent• ProfessionalexposuretoPrivatizationPolicies

and Processes• Proficiency in the course language (Arabic,

EnglishorFrench)


• Differentiatebetween thedifferent techniquesofprivatizationofpubliclyownedcorporations

• Assesstheobjectivesofprivatizationandhowtoenhance the reformsneeded to support theprivatizationprocess

• Identifyproblemsandissuespertainingtotheprocessofprivatization

PRIVATE SECTOR DEVELOPMENT


COURSE 19:PROJECTEVALUATIONAND MANAGEMENT

Duration5days


DescriptionThemainobjectiveof the course is to familiarizethe participants with the basic techniques relatedto project management and to provide them withpractical skills on how to evaluate and manageprojects.Thecoursewilladdressconceptsofprojectevaluationandprojectmanagement.

Outline• Definition of Project Evaluation and Project

Management• StepsandResultsofProjectFollow-Up• TypesandCharacteristicsofEvaluation• CriteriaandStepsoftheEvaluationProcess• ResultsoftheEvaluationandWrite-Upofthe

Report• Follow-UpandEvaluation• Participation in the Implementation and the

EvaluationofProjects• ExperienceofSelectedCountriesinEvaluating

andFollowing-UpProjects• IDBGroupExperience in theEvaluationand

Follow-UpofProjects

Target AudienceThecourseisdesignedformanagers/executiveswhoareworkinginpublicenterprisesdealingwithprojectevaluationandmanagement


administration,finance,laworequivalent• Professionalexposuretoprojectevaluationand

projectmanagementoperationsforaminimumperiodof3years



• identify concepts of project evaluation andprojectmanagement

• Gain practical skills on how to evaluate andmanageprojects

• Implement the basic techniques related toprojectmanagement

HUMAN RESOURCE MANAGEMENT



COURSE 20:PERFORMANCE AND RESULTS-BASED MANAGEMENT IN PUBLIC SECTOR INSTITUTIONS

Duration5days


DescriptionThemainobjectiveofthecourseistofamiliarizetheparticipants with Performance and Results-BasedManagement (PRBM) strategies and methods, tolearn lessons and draw conclusions with respectto theirapplication in publicservices, todevelopcapacitiesandskillsintheuseofPRBMmethods,devise appropriate mechanisms and methods toallow for an effective and efficient application ofPRBM strategies and methods and to facilitateactive dialogue and develop partnerships forcooperationandfollow-upintheimplementationoftheworkshopconclusions.

Outline• TowardsaReformofthePublicServicesand

StateInstitutionsforPerformance• VisionaryPlanningastheBasisofPerformance

and Results• Determination of Results within Public

ServicesandStateInstitutions• Capacity-Building Needs and Challenges/

Constrains• Results Determination for Financial and

BudgetManagement• Evaluation of Performance, Efficiency and

Results

• Mechanisms of Implementation and Follow-UpofEvaluationConclusions

• ImpactAssessmentAnalysis

Target AudienceThe Course is designed for public serviceprofessionals who are active in the design,planning, coordination and implementation ofdevelopmentstrategiesandprogrammes,especiallythose inchargeofmanagingand/or implementingthe programmes of reform and modernization ofpublicservicesandstateinstitutions.

Prerequisites• University degree in economics/business

administration/finance/laworequivalent• Professional exposure to design, planning,

coordination and implementation ofdevelopmentstrategiesandprogrammes



• Analyse Performance and Results-BasedManagement(PRBM)strategiesandmethods

• Draw conclusions with respect to PRBMapplicationinpublicservices

• Develop capacities and skills in the use ofPRBMmethods

• DeviseappropriatemechanismsandmethodstoallowforaneffectiveandefficientapplicationofPRBMstrategies

HUMAN RESOURCE MANAGEMENT


COURSE 21:GOVERNMENT BUDGETS: PRINCIPLES AND APPLICATIONS

Duration5days


DescriptionThemainobjectiveoftheCourseistofamiliarizethetargetparticipantswiththegovernmentbudgetsystemsandmechanismsforpreparationofvarioustypesofbudgets.

Outline • Theroleofbudgetinthegovernmentsector• Governmentbudgethistoricevolution• Proceduresforpreparationofitemizedbudgets• Performancebudgetspreparation• IslamicPerspectiveonBudgets• ZakatandTaxes• IslamicPrinciplesofSpending

Target Audience Sectionsheadsofthefinancedivisionsoffinancialagencies, economic evaluation and financialplanning and those entrusted with preparation ofestimatebudgets.

Prerequisites • University degree in economics/business

administration/finance/laworequivalent



• Recognisethegovernmentbudgetsystems

• Drawmechanisms for preparation of varioustypesofbudgets

• Explainproceduresforpreparationofitemizedbudgets

• implementIslamicprinciplesofspending

MACROECONOMIC MANAGEMENT



Target AudienceStaffofcentralbanks,Islamicbanksandfinancialinstitutions,universityteachersandresearchers

Prerequisites • University degree in economics/business

administration/finance/laworequivalent• Proficiency in the course language (Arabic,

EnglishorFrench)


• Identifytheobjectivesandtoolsofmonetarypolicy• ExplainanIslamicperspectiveonmonetarypolicy• Compare between conventional and Islamic

approachtomonetarypolicy.

COURSE 22:MONETARY POLICY: PRINCIPLES AND APPLICATIONS

Duration5days


DescriptionThemainobjectiveof thecourse is to familiarizethetargetparticipantswiththeobjectivesandtoolsofmonetarypolicy. It aims toprovide an Islamicperspective on monetary policy and enable theparticipants undertake a comparison betweenconventional and Islamic approach to monetarypolicy.

Outline • Objectives of Monetary Management and

Control

• Instruments of Monetary Management andControl

• IslamicPerspectiveonMoneyCreation

• Functions of Central Bank in a Modern andIslamicEconomy

• Quantitative, Qualitative and PrudentialMeasuresofCreditControl

• Suitability of Conventional Measures inIslamicEconomy

• Interest-FreeInstrumentsofMonetaryPolicy

MACROECONOMIC MANAGEMENT


INSTRUCTORS

INSTRUCTORS

INSTRUCTORSIRTIbringsintheexpertiseofsomeoutstandinginstructorsforconductingitsprograms.Asthequalityoftheprogramsdependstoalargeextentonthepeoplewhodeliverthem,IRTIfollowsarigorousprocessofidentifyingsuchinstructorsfromwithinandoutsideIRTI.Generally,instructorsholdpostgraduatedegrees,haveampleteachingortrainingexperience,adequateworkingknowledgeoroperationalexperienceintheareaoftraining,andpossessexcellentlinguisticandcommunicationskills,professionalattitude,mannersandinterpersonalskills.

IRTI TRAINERS

DR. AZMI OMARistheDirectorGeneralofIRTI.Priortothis,hewastheDeanofthe International Islamic University Malaysia (IIUM), Instituteof Islamic Banking and Finance as well as a Professor at theDepartment of Finance, Faculty of Economics & ManagementSciences. He was also the former Deputy Vice-Chancellor inchargeofAcademicandResearchinIIUMandservedastheDeanoftheFacultyofEconomics&ManagementSciencesatthesameuniversity.DrAzmiobtainedhisBachelorandMasterdegreesinFinancefromNorthernIllinoisUniversity,USAandhisPhDfromBangor University,Wales (UK). He was formerly the Shari‘ah advisertoBankKerjasamaRakyatMalaysiaBerhadandAmanahIkhtiarMalaysia

DR. UMER CHAPRAisanAdvisortoIRTI.PriortojoiningIRTI,heworkedattheSaudiArabian Monetary Agency (SAMA), from where he retired asSeniorEconomicAdvisorafteralongserviceof35years.Hewasawarded the Saudi nationality in 1983.He taught in theUnitedStatesattheUniversitiesofWisconsinandKentuckyandworkedin Pakistan at the Institute of Development Economics and theIslamic Research Institute. He made valuable contributions toIslamicEconomics andFinance overmore than four decades intheformof15booksandmonographsandmorethan100papersandbookreviews.


DR.OSMANBABIKERis a Lead Training Specialist at IRTI Training Division. HeobtainedhisBachelorandMasterdegreesinEconomicsfromtheUniversityofKhartoum,SudanandhegothisPhDinEconomicsfromDurhamUniversity,UK. Prior to joining IRTI, heworkedatTadamon IslamicBankandatFaisal IslamicBank,Sudan. InIRTI,heservedasanAssistantResearcher,aTrainingOfficerandaManager of theTrainingDivision.He is the author of severalresearchpapersinthefieldofIslamicBankingandFinance.Hehasparticipatedinanumberoflocal,regionalandinternationaleventsononIslamicBankingandFinance.

DR. ABDUL GHAFAR ISMAILis theManager of IRTI Research Division. He got his PhDfrom University of Southampton, England. He has publishedextensively in several refereed journals. His papers have alsobeen presented inmany international and local conferences. Hehasbeenteachingseveraleconomicscoursessuchasmoneyandbanking,financialeconomics,advancedmacroeconomics,moneyand capitalmarket in Islam, Islamic economics system, Islamiceconomicsanalysis,andinternationalfinance;riskmanagementin Islamic banking; issues in Islamic banking; Islamic banking;andmoney,zakatandrealeconomy.

DR. LAYACHI FEDDADis a Senior Researcher and Shari‘ah Advisor at the AdvisoryServicesDivision of IRTI.Before joining IRTI, heworked as aResearcherattheMuslimWorldLeagueandattheUniversityofUmmAl-QurainMakkahAl-Mukarramah.AtIRTI,heworkedastheEditorofIslamicEconomicStudiesjournal(Arabiclanguage).HeobtainedhisMasters&PhDinIslamicEconomicsandBachelorin Islamic Shari‘ah. He is a certified trainer from CIBAFI. Heparticipatedextensivelyasaspeakerininternationalconferences,seminars and workshops. He is author of several books andarticles.HeisalsoamemberofShari‘ahCommitteesandBoardsof several renowned international institutions and organizations,like,AAOIFI,IIRAandCIBAFIinBahrain,etc.

INSTRUCTORS


DR. SALMAN SYED ALIis a Senior Researcher at the Islamic Economics & FinanceResearch Division at IRTI and the Editor of Islamic EconomicStudies journal (English language). Prior to this, he was at theInternational Islamic University Islamabad, Pakistan where heserved as the Director of Research and Director of Training oftheInternationalInstituteofIslamicEconomics.HealsotaughtattheFacultyofManagementSciencesof the sameuniversity.Hereceived his B.Sc. in Economics from the International IslamicUniversityIslamabad,PakistanandhisPh.D.fromUniversityofPennsylvania, U.S.A. His areas of interest are Islamic finance,capitalmarketsandgametheory.Hehasanumberofpublicationstohiscreditincludingresearcharticles,books,andeditedvolumes.

DR. NASIM SHAH SHIRAZIisaSeniorEconomistatIRTIResearchDivision.PriortojoiningIRTI,heworkedasauniversityteacherandresearcherforover30years.He served the International IslamicUniversity, IslamabadandAllamaIqbalOpenUniversity, Islamabad,Pakistan.Healsoworked at the International Islamic University Malaysia and atSuleymanDemirelUniversity,Almaty,Kazakhstan.His areasofinterestareDevelopmentEconomics,PublicFinanceandIslamicEconomics.Hehasanumberofpublicationstohiscredit,includingresearcharticlesinnationalandinternationaljournals,booksandresearchreports.

DR. MOHAMMED OBAIDULLAH isaSeniorTrainingSpecialistatIRTI.HeholdsaPhDdegreeinFinanceandanMBAdegreefromUniversityofLucknow,India.PriortojoiningIRTI,hehasworkedasanAssociateProfessorwithKingAbdulaziz University, Jeddah, Saudi Arabia, InternationalIslamicUniversityMalaysiaandXavierInstituteofManagement,India.He joined IRTI in2007wherehe served as anEconomicResearcher and then as a Training Specialist. He has writtenseveralbooksandmonographsthatincludetwowidelycitedtitles“Introduction to Islamic Microfinance” and “Islamic FinancialServices”. He also published over thirty academic papers withvariousinternationaljournals.


DR. MOHAMMED AYYASH is a Senior Training Specialist at IRTI Training Division. He received hisPh.D.inEconomicsfromtheNationalUniversityofMalaysia.Healsoholds twoMasterDegrees,one in IslamicFinance,andonein Fiqh and Usul Al-Fiqh, fromScienceUniversity ofMalaysia(USM)andInternationalIslamicUniversityMalaysiarespectively.HemadeseminalcontributionstoIslamicEconomicsandFinanceovermorethan15yearsandcontributedresearchpapersinvariousconferencesandseminarsonIslamicEconomicsandFinance.Hecoordinatedanddeliveredmorethan40trainingcourses.HeisaProfessionalCertifiedTrainer(PCT).

DR.TURKHANALIABDULMANAP is a Senior Economist at IRTI Research Division. Prior tojoining IRTI, he was anAssociate Professor at the departmentof Economics of the International Islamic University Malaysia(IIUM).HeobtainedhisPhDinEconomicsfromIIUM,MBAinFinance fromNationalUniversityofMalaysia,andhisBachelorinEngineeringfromDalianUniversityofTechnology,China.Hehaspublishedanumberofpapersinseveralrefereedjournals.Hehasalsopresentedresearchpapersinnumerousinternationalandlocal seminars and conferences. He is member of theMalaysiaEconomicAssociationandEastAsiaEconomicAssociation.

DR. ABDALLAHI MOHAMEDis a Senior Shari‘ahSpecialistatIRTIAdvisoryDivision.PriortojoiningIRTI,heservedinNoorIslamicBank,DubaiasShari‘ah Manager.Earlier,heworkedintheInternationalIslamicUniversityMalaysia,EoincapIslamicBank,MalaysiaandatAhmadIbrahimKulliyyahofLaws.HeisaCertifiedShari‘ahAdvisorandAuditor(CSAA). He did his Master and PhD in Fiqh &Usul Al-Fiqh fromInternational IslamicUniversity,Malaysia.HeobtainedhisBachelorinFiqh and Usul Al-Fiqh fromInstituteforArabicandIslamicStudiesinMauritaniain1998.

INSTRUCTORS


DR. KHALIFAMOHAMEDALI is a SeniorEconomistatIRTIResearchDivision.HereceivedhisfirstdegreeineconomicsandstatisticsfromtheUniversityofKhartoum(Sudan) and his PhD in economics from Iowa state university(USA).HedevelopedacompletecurriculumforagraduatedegreeinIslamicfinanceforIRTI.PriortojoiningIRTI,hisprofessionalexperiencesincludedworkingforthebankingcontroldepartmentoftheCentralBankofSudan,asalecturerinIowaStateUniversityand as anAssociate Professor in theDepartment of Economics,UAEUniversity.Hispublicationshaveappearedinjournalssuchas the South Journal of Economics, Empirical Economics andReviewofMiddleEastEconomicsandFinance.

DR. HYLMUN IZHAR is an Economist atIRTIResearchDivision.Prior to joining IRTI,hewasa lecturerattheMarkfieldInstituteofHigherEducation(MIHE),UKandaResearchAssociateinIslamicFinanceatOxfordCentreforIslamicStudies.HegothismasterdegreeinIslamicBanking,FinanceandManagement from Loughborough University, UK and his PhDin Islamic Finance fromDurhamUniversity, UK. He presentedseveralpapers invarious international seminars andconferencesandconductedprofessionaltrainingcoursesforregulators,bankersand university professors in the area of Islamic economics andIslamicfinance.

BR. AHMAD FADHLAN is a Shari‘ah Specialist at IRTIAdvisory Division. Prior to joining IRTI, heworkedatAl-RajhiBankMalaysiaasSeniorVicePresidentHeadofShari‘ahSecretariatandCompliance.EarlierheworkedattheInternational Islamic University Malaysia (IIUM) as a SeniorManagerandasalecturerinIslamicStudies,Shari‘ah and Fiqh Al-Mu‘amalat.HeobtainedtwoMaster’sdegreesoneinFiqh and one in Fiqh and Usul Al-FiqhandPoliticalSciencefromIIUM.HeisamemberofsomeShari‘ahWorkingGroupsofsomedistinguishednationalandinternationalinstitutionsaswellasspeakersinforumsandconferences


BR. MOHAMED SALAT is the Managerof Information andKnowledge ServicesDivision at IRTI. Priorto this,heheaded theRecruitmentandStaffingDivisionof IDBGroup. Before that, he was a consultant to the Saudi Telecomandworked for nine years for theOntarioGovernment,Canadain different capacities. He is expert in developing and teachingProjectManagementand leadership.HegothisBachelordegreefromYorkUniversity,CanadaandhisMasterdegreeinBusinessAdministrationfromWindsorUniversity,Canada.

DR.ABDELKADERCHACHI is a Senior Training Specialist at IRTI Training Division. Prior to joiningIRTI,heworkedas aResearcher andas anAssistantProfessorat KingAbdul-Aziz University Jeddah and as Coordinator oftheIslamicEconomicsUnitat theIslamicFoundation,UK.HeholdsaMasterandaPhDDegreesfromtheUniversityofBangor,Wales,UK.HegothisBachelor’sDegreeinaccountingfromtheFacultyofCommerce,AlgiersUniversity,Algeria.Hehaswrittena number of papers and articles in refereed and non-refereedjournals and conducted training courses inArabic,English andFrenchlanguages.

INSTRUCTORS


DR.SAMIAL-SUWAILEMistheManageroftheIslamicFinancialProductsDevelopmentCentre,IDB.Beforethis,hewasformerDeputyDirectorofIRTIandActingManagerofitsAdvisoryServicesDivision.PriortojoiningIRTI,heworkedforResearchandDevelopment,Shari‘ahGroupinAl-RajhiBank,Saudi Arabia, the Institute of Islamic and Arabic Sciences inAmerica,SouthernIllinoisUniversity,andKingSaudUniversity,Riyadh. He got his MA in Economics from Southern IllinoisUniversity, USA and his PhD in Economics from WashingtonUniversity,USA.Hehaswrittenmanybooksandpublishedmanyresearch works on Islamic economics, banking and finance indifferentreputablejournalsandpublications.

BR. LOTFI ZAIRI is Acting Director, RiskManagementDepartment,ICIEC,IDBGroup.Hehasarichanddiversified professional experience in different fields of Islamicfinance, including Retail, Corporate and Investment Banking,Takaful,CapitalMarket (especiallySukuk).Prior to joining IDBGroup, he worked withAl-Baraka Bank Tunisia, Qatar IslamicBankandQatarInternationalIslamicBank.HeismemberoftheTechnicalCommitteeofIFSBandhasanextensiveexperienceasa trilingual (Arabic, English and French) lecturer and trainer inIslamic finance in collaboration with theAAOIFI, IFSB, IIFM,WIBC,IDB,IRTI,DELOITTE,UniversityofSfax-Tunisia,KingAbdul-AzizUniversity–Jeddah,etc..

BR. ABDELAZIZ SLAOUI is a Senior Microfinance Specialist at the IDB.He hasmore than 37 yearsof experience in designing Islamic Microfinance Programs infavour of Microfinance Institutions, NGOs, Credit & SavingCooperatives; Economic Empowerment Programs in favour oflowincomepeopleforbuildingentrepreneurshipskills,promotingaccesstomarketorientedtrainingandidentificationandevaluationofpromisingbusinessopportunitiesandMicro&SMEsPromotionand financing Programs preparation, appraisal, launching,Monitoring and Evaluation of Impact. He got his MA inAgri-Economics from California University, USA and his EngineerDiploma in Food Industry from Food Technology EngineeringSchool,INAVHassanIIMorocco.

OTHER TRAINERS FROM THE IDB GROUP


DR. HATEM GHOUMA is Senior Capital MarketsSpecialistattheTreasuryDepartmentoftheIDBGroup.HeholdsMBAandPhDdegreesinFinancefromtheUniversityof Montreal, Canada. He has been working on structuring andissuing IDB Sukuks. He has provided many training courses toExecutive Master Students and professionals of many centralbanks andministries offinance.Before joining IDB, heworkedasAssistantProfessor ofFinance atAl-AkhawaynUniversity inMorocco,asa lecturer inCanada(HECBusinessSchool)andinFrance(UniversityofStrasbourg).HeisdoingresearchindifferentareasofFinanceandhaswrittenandpublishedseveralarticlesinrefereedjournals.

DIAB KARRAR is Acting Manager of theIslamic Financial Services Department and Manager of Awqaf DevelopmentDivision, IDBGroup.He isaFellowofCharteredCertifiedAccountant, UK. He has a vast experience in ProjectManagement forDevelopment backedwith a refined experiencein finance. He is also responsible for a Fund devoted for thedevelopment and investment in Awqaf (endowment) assetsknownas“AwqafPropertiesInvestmentFund(APIF)”whichwasestablishedandmanagedbyIDB.Overthelast12yearstheFundmanaged to invest inaround60projects inmembercountriesofOIC andMuslim communities in non-member countries with atotalaccumulatedvalueofmorethanonebillionUSDollars.

ELHADI ENNAHOUIisaSeniorIslamicfinanceSpecialistinIDB.Beforethis,heoccupiedmanypositionsinIDBincludingTechnicalassistanttothePresident,IDB.PriortojoiningIDB, heworked in different positions inAl-BarakaMauritanianIslamic Bank, Mauritania. He got a high diploma (Master) inBankingandFinancefromIFID,TunisiaandaMasterinIslamicStudiesfromUniversityofS&T,Yemen.HeiscurrentlypreparingaPhDonFatwasInIFIs.HepublishedmanyresearchworksonIslamiceconomics,financeandbanking.HehasalsodeliveredanumberoftrainingcoursesinIslamicFinance.

INSTRUCTORS


TRAINERS FROM OUTSIDE IDB GROUPExperttrainersfromoutsidetheIDBGrouparehiredoccasionallyasthecasemaydemand.Thesearesomanythatitisnotpossibletomention them all in this booklet.However someof them arementionedbelow:

OMAR EL-KETTANI is a Moroccan Professorof Economics at theUniversity ofMohammedV,Morocco andmember of the Moroccan Association for Islamic Economics.HeisaprominentexpertandspeakeraboutIslamicbankingandfinanceinall threelanguagesoftheIDBGroup,Arabic,EnglishandFrenchlanguages.HedidhisPhDattheSorbonneUniversityin France. He has lectured and written extensively on differentaspectsofIslamicbankingandfinance.

MOHAMEDBOUDJELLAL is anAlgerianProfessorofEconomicsat theUniversityofM’Sila,AlgeriaandavisitingProfessoratStrasbourgUniversity,France.Priortothishewas a professor at theUniversity of Setif,Algeriawhere hewas thefirst to introduce the teachingof Islamicbanking to theuniversitystudents.Hewasoneof theearliest todoaMaster inIslamicbankingfromHerriot-WattUniversity,UK.HedidhisPhDattheSorbonneUniversityinFrance.HehaslecturedandwrittenextensivelyondifferentaspectsofIslamicbankingandfinanceinArabic,EnglishandFrenchlanguages.


MAHMOUD SAMI NABI is a Tunisian Associate Professor of Economics and Head of the EconomicsDepartment at Tunisia Polytechnic School (TPS), University ofCartage,Tunisia.Priortothis,heoccupiedthepositionofSeniorResearchEconomistattheResearchDivisionofIRTIandservedasVice-DirectoroftheSousseBusinessSchool,Tunisia.Heholdsan Engineering Diploma from TPS, and a PhD in economicsfromtheUniversityofParisIPanthéon-Sorbonne.HehaswrittenextensivelyondifferentaspectsofIslamicbankingandfinanceandlecturedaboutthetopicsinArabic,EnglishandFrenchlanguagesandheistheEditorinChiefoftheFrenchJournalofIRTI“EtudesenEconomieIslamique”.

ADIWARMAN AZWAR KARIM is a prominent Indonesian Muslim scholar and expert in IslamicEconomics, Banking and Finance. His professionalism andexpertise are widely recognized. He is one amongst the mostinfluentialfiguresinIndonesiawhodedicateshimselfindevelopingthe discourse of Islamic economy and banking. He has beenappointed in several important positions in prestigious IslamicFinance Institutions. He has teaching potentials and experience,emotionalmaturity, and leadership qualities.Hewas one of thepioneersofIslamicBankingandfinanceinIndonesia.

ABDELKÉRIMAMINE TOLOBA is a ChadianSpecialistFinancialConsultantandaTeacher-Researcherin Islamic Finance at the Management School, University ofStrasbourg,France.HegothisMasterandPhDdegreesinFinancefromBordeauxMontesqieuUniversityinFrance.HealsogottwootherMastersonein“EconomicandManagementofEnterprises”fromMontpellierIUniversity,Franceandtheotheron“EconomicDevelopment”fromNiceSophia-Antipolis,University,France.HewrotemanyarticlesonIslamicfinanceinFrenchspeakingjournals.

INSTRUCTORS


IRTI TRAINING DIVISION STAFF

No. Name JobTitle Phone Email

1 AbdullahMatbouly Manager +966-12-646-6230 [email protected]

2 Dr.OsmanAhmedBabikr SeniorTrainingSpecialist +966-12-646-6222 [email protected]

3 Dr.MohammedObaidullah SeniorTrainingSpecialist +966-12-646-6232 [email protected]

4 Dr.MohammedSalehAyyash SeniorTrainingSpecialist +966-12-646-6228 [email protected]

5 Dr.AbdelkaderChachi SeniorTrainingSpecialist +966-12-646-6377 [email protected]

6 MohamedFaysalSlama TrainingAssociate +966-12-646-6227 [email protected]

7 LokmanMarzauk TrainingAssociate +966-12-646-6225 [email protected]

8 YousufAlharazi AdministrativeCoordinator +966-12-646-6234 [email protected]

9 M. Farooq Moinuddin AdministrativeAssistantII +966-12-646-6261 [email protected]

10 NajeebAbdullahThabit AdministrativeAssistantII +966-12-646-6262 [email protected]

11 MuhammadAyadYameen TechnicalAssistant +966-12-646-6260 [email protected]

12 MohammedLahman Messenger +966-12-646-6258 [email protected]


PROSPECTUS PRODUCTION TEAM

AbdullahMatbouly Main Coordinator

AbdelkaderChachi Alternate Coordinator

YousufAl-Harazi Assistant Coordinator

MohammedSalahAyyash Member

MohammedObaidullah Member

OsmanBabikr Member



ABOUT ISLAMIC DEVELOPMENT BANK (IDB)

Establishment

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Qi’dah 1393H (December 1973G). The Inaugural Meeting of the Board of Governors took place in Rajab 1395H (July 1975) and the Bank was formally opened on 15 Shawwal 1395H (20 October 1975).

Purpose

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari‘ah i.e., the Islamic Law.

Functions

The functions of the Bank are as follows:

• Participate in equity capital and grant finance for productive projects and enterprises.• Provide financial assistance to member countries in other forms for economic and social development. • Establish and operate special funds for specific purposes, including a fund for assistance to Muslim

communities in non-member countries, in addition to setting up trust funds. • Accept deposits and mobilize financial resources through Shari‘ah compatible modes. • Assist in the promotion of foreign trade especially in capital goods, among member countries.• Provide technical assistance to member countries and extend training facilities for personnel engaged

in development activities in Muslim countries to conform to the Shari‘ah.

Membership

The present membership of the Bank consists of 56 countries. The basic condition for membership is that the prospective member country should be a member of the Organization of the Islamic Conference, pay its contribution to the capital of the Bank and be willing to accept such terms and conditions as may be decided upon by the IDB Board of Governors.

Head Office and Regional Offices

The Bank’s headquarters is in Jeddah in the Kingdom of Saudi Arabia. Four regional offices were opened in Rabat, Morocco (1994), Kuala Lumpur, Malaysia (1994), Almaty, Kazakhstan (1997) and Dakar, Senegal (2008).

Financial Year

The Bank’s financial year is the lunar Hijra Year.

Languages

The official language of the Bank is Arabic, but English and French are also used as working languages.

IRTI TRAINING COURSES Banking... · 2016. 3. 9. · The Islamic Research & Training Institute was established by the Board of Executive Directors of the Islamic Development Bank (IDB)

Documents