SHARIAH FOR BANKERS - · PDF fileMaqasid al-Shariyyah based on specific approach (micro perspective) ... He holds a degree in Shariah from the Al-Azhar University,

SHARIAH FOR BANKERS

The Shariah for Bankers course provides a comprehensive explanation on the Islamic

foundations and principles of the origin of the current Islamic banking and finance system, with

a specific focus on Islamic commercial jurisprudence. The course also includes intellectual

discussions on the theories of property, rights, ownership, and contracts. The theory of

contracts and its pillars are given specific emphasis and is covered in a significant portion of

the course.

Introduction

Objectives

At the end of the programme, the participants will have a more rounded knowledge of Islamic

banking and finance in terms of the Shariah fundamentals as well as the different aspects of

banking operations and products available locally and globally. This will better equip them to

have a more comprehensive understanding and a world view of the issues faced by them in

their daily operations.

In general, the program’s objective is for learners to be able to :

Describe Shariah, its sources and components;

Explain the difference between Shariah and fiqh;

Define maqasid Syariyyah, its classification and application in Islamic banking and finance;

Application of maqasid Syariyyah from the macro and micro perspective; and

Application of Shariah contracts in Islamic banking and finance.

SHARIAH FOR BANKERS

Shariah and its components

Shariah (Islamic law) and Fiqh

(Islamic jurisprudence)

Distinction between Shariah and Fiqh

Distinction between Shariah and

man-made law

Definition of basic terms in Islamic

jurisprudence. (Fiqh, Shariah, Usul

Fiqh)

Application of Usul Fiqh in Islamic

finance

The Sources of Shariah

The primary sources of Islamic law and

its classifications.

Secondary sources of Islamic law and

its classifications.

Maqasid Syariyyah

5Introduction

Definition of the Maqasid Syariyyah

(Literature & Technical meaning)

The classification of Maqasid Syariyyah

Importance of implementation of

Maqasid Syariyyah in developing Islamic

Economic and Finance

Maqasid al Shariyyah and Islamic

Economics

Classification of Maqasid Syariyyah

Necessity (Daruriyyat)

The needs (Hajiyyat)

Complementary (Tahsiniyyat)

Maqasid al-Shariyyah in Islamic

Finance

Maqasid al-Shariyyah based on general

approach (macro perspective)

Maqasid al-Shariyyah based on specific

approach (micro perspective)

Prohibited element in Islamic finance

Prohibition of riba

Prohibition of gharar

Prohibition of maysir

Fundamental elements in Shariah

contract.

Akad and its condition

Contracting parties and its condition

S.ubject matter and its condition

Course Content

Trainer Profile

AHMAD SUHAIMI YAHYA

Ahmad Suhaimi Bin Yahya is currently the Chief Shariah Officer of Hong Leong Islamic Bank Berhad

(“HLISB”) and brings with him over 23 year worth of experience in fiqh al-muamalat (Islamic commercial law)

and Islamic finance. Prior to joining HLISB, he was the Chief Regional Shariah Offcer of Kuwait Finance House

(Malaysia) Berhad (“KFHMB”), Senior Vice President and Head of Shariah of RHB Islamic Bank Berhad

(“RHBIB”). Before joining RHBIB, he was the in-house Shariah Advisor and the Director of Shariah Division

of KFHMB. He was one of the pioneer staff of KFHMB, the first foreign Islamic bank licensed by Bank Negara

Malaysia (“BNM”). Before joining KFHMB, he had served the Securities Commission Malaysia (“SC”)’s Islamic

Capital Market. He had also experience in teaching Shariah (Islamic Law) whereby he had been lecturing at

the International Islamic University Malaysia (“IIUM”) before joining SC. He holds a degree in Shariah from

the Al-Azhar University, Egypt and Master degree in Shariah from Cairo University, Egypt with First Class

Honours. He also holds a professional certification as a Certified Shariah Advisor and Auditor (CSAA) by

Accounting and Auditing Organisation for Islamic Financial Institutions (“AAOIFI”) in Bahrain.

He is currently a member of the High Shariah Supervisory Board of Central Bank of Oman (“CBO”), the

Chairman of Shariah Governance Committee, Association of Islamic Banking Institutions Malaysia (“AIBIM”),

BNM Group Member for Infusion of Shariah Standard Murabahah into Academic Syllabus, Exco member

(Deputy Secretary) of Association of Shariah Advisors in Islamic Finance (ASAS), a member of Panel Pakar

Muamalat JAKIM and a member of Board of Studies, Kolej Pengajian Islam Johor (“MARSAH”). He was

appointed as a member of the Shariah Advisory Council of Securities Commission Malaysia from 2010-2012,

a member of BNM’s Industry Committee for Shariah Standard Review 2013 and Board of Studies, IIUM

Institute of Islamic Banking and Finance (“IIiBF”) in 2011. He was also the Shariah Advisor of KFH Investment

Co. in Kuwait 2014-2015. In HLISB, he is currently a member of Management Committee of the Bank.

refreshments and certificate of attendance (for full participation).

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Centre For Islamic Banking, Finance And Management (CIBFM) is the learning

arm under Autoriti Monetari Brunei Darussalam (AMBD). Established in 2010

as the Centre of Excellence for Brunei Darussalam’s finance industry. CIBFM

is accredited by Brunei Darussalam National Accreditation Council (BDNAC) as

a Training Institution in the field of Banking, Finance and Management; and

all its training programmes are recognised as Value Added Qualifications.

In addition to providing executive education, CIBFM also organizes high profile

and international events in partnership with renowned institutions.

About CIBFM