Islamic Banking in Practice - Part 2 - Sukuk
Islamic banking and finance is a topic that is become ever more important and relevant in the changing global economic climate.
I am producing a comprehensive set of resources for education of Islamic banking and finance, and I am delighted to introduce you to my 4th course on Islamic Banking and Finance, to accompany "Introduction to Islamic Finance" (HERE), the "Free Course - Islamic Finance" (HERE), and "Islamic Banking in Practice 1" (HERE).
I have decided to create this course to help those who want a understand, in more detail, what Sukuks are, and how they are structured so that they actually work as intended.
Please read more below about the course and how it can benefit you.
INTRODUCING THE COURSE
Upon registering, you will have access to a course of around 25 videos that cover the topic of Sukuk.
The detailed contents are listed below. You can go through the videos at your own pace. There will be a quiz at the end, to see how well you have digested and learned the topics.
You will also be provided with a certificate after completing the course, and this course will qualify for CPD (Continued Professional Development) if you work in a related field.
In addition, you will have access to two live webinars where you can ask questions on any aspect of the course.
We introduce the topic of Sukuk, the definition, and who they are used in the international financial markets.
We look at the relationship between Suukuk and Bonds - what is similar between the two, and what is different
Beginning the Process
We now establish the most important requirements of a Sukuk, and derive a basic structure for how a Sukuk can work.
All We discuss the importance of using the correct assets, and how this gives rise to a new set of risks that must be managed by the issuer.
We look at key the key issues of asset price risk and asset performance risk. We establish some methods to how to manage these risks.
A Sukuk cannot function without Undertakings - we find out why this is the case, and how these undertakings are typically used to acheive the desired risks and cash flows for all parties.
We go through, in detail, the UK Sovereign Sukuk, and we can see how what we have learned is put into practice in a market issuance. We notice some new things too ...
We take a step back and look at what we have covered, and how this results in an important conflict in Islamic Finance, that runs through the whole industry globally.
IN THIS TRAINING YOU WILL LEARN ...
The key elements of any Sukuk, and why Sukuks are necessary for the markets
How assets are used to generate cash flows required by all parties
How these assets create new risks, and each risk must be identified and mitigated
How to construct an Ijara Sukuk based on first principles
See how the markets put this into practice via a detail walkthrough of a market issuance
THIS IS FOR YOU IF YOU ARE ...
Interested in how Islamic banking and finance operates
Wishing to learn directly from a leading structurer and global expert
Keen to see how theory translates to reality, using contracts and transcations
Working in the finance field and wish to expand your knowledge base
Not a finance professional and want a simple, clearly explained course on Islamic banking and finance
ABOUT THE INSTRUCTOR
Safdar Alam is an investment banker and has worked at some of the largest banks in the world, and has held senior positions at UBS, Credit Agricole and JPM Morgan as Global Head of Islamic Structuring. He writes, consults and teaches about Islamic banking and finance. As well as blogging at www.safdaralam.com, he has written for a variety of the most respected publications in the world. He is a published author and his books are available on Amazon.
Safdar is a keen supporter of true Islamic finance and the potential it holds to deliver the transformation of the global banking sector that is required.
Frequently asked questions
I know nothing about banking and finance, is this course suitable for me?
Yes - I take care to explain everything in detail, such that anyone can follow the material and the course. You certainly do not need to be a banker or finance person to enjoy and learn from this course.
I know about banking and finance, will this course be too basic for me?
My style of teaching is not like most other providers in Islamic finance - I focus wholly on contracts, structures, products and the real markets - not on theory and academic matters. We discuss detailed structures and components of a Sukuk, and I do not think this course can be seen as a basic course.
What if this course is just not for me, can I get a refund?
If you opt for the monthly plan, you can cancel at any time without any notice period. For the regular course, all the material is delivered upon registration. However, if you are dissatisfied with the course, I will certainly try my best to reach an amicable solution.
Does this course qualify for CPD?
That wholly depends on your regulating body and your employer. I provide a certificate upon completion as evidence of attending the course, as well as a test upon completion to assess your learning development.
How long is the course?
There will be around 4-5 hours of video training (split into videos of 10-20 minutes each), and two hours of live webinars. You can study at your own pace. You have the choice to study sections on a weekly basis, too, on the weekly plan.