Islamic Banking and Finance In-House Training Courses

2017 – 2018

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TRAINING COURSE SUITABLE FOR•Auditors•BankingandFinancePersonnel•BoardDirectors•ChiefComplianceOfficers•ChiefExecutiveOfficers•ChiefFinancialOfficers•ComplianceOfficers•GeneralLegalCounsel•GeneralManagers• InvestmentFundManagers• IslamicBankingandFinanceProfessionals•RiskManagementOfficers•RiskManagementProfessionals•SukukIssuers

ENQUIRIES AND BOOKINGSUK+44(0)2078460076client.services@storm-7.comwww.storm-7.com

ABOUT THE TRAINING COURSEThis unique and highly comprehensive modular training course covers abroadrangeofIslamicBankingandFinanceregulatory,risk,complianceandtechnologyissuesaffectingtheindustrytoday.Firmscanchoosefromarangeoffifteenmoduleswhichallowsthemtotailorthetrainingcoursetotheirspecificoperationalrequirements.Eachtrainingdaycanaccommodatefourmodules.FirmscanensurethatattendeeswillbeinstructedonanarrayofrisksaffectingIslamicBankingandFinancepracticesandproducts,ondevelopingintegratedriskmanagementframeworks,andondevelopingIslamicBankingandFinanceTotalQualityManagement frameworks. Thetrainingmodulescover the latestlegal,regulatory,andShari’ahcompliance,risk,technology,andqualitytrendsaffectingtheglobalIslamicBankingandFinanceindustrytoday.

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TRAINING MODULESMODULE 1: Islamic Finance National and International Regulatory Frameworks• Nationalregulatoryframeworks(UKFinancialConductAuthority;DubaiFinancialServicesAuthority;SecuritiesCommissionMalaysia).

• Internationalgovernanceframeworks(IslamicFinancialServicesBoard;theIMF;BISBaselCommittee).

• Shari’ahSupervisoryBoardsandSupervisoryCouncils.• IslamicFinanceregulatoryconvergenceandstandardisation.

MODULE 2: Risk Management Practices for Islamic Financial Institutions• Credit,Market,Operational,andLiquidityRisksinIslamicFinance.• RiskmanagementissuesinIslamicFinancialContractsandEarlyWarningSign(EWS)Systems.

• Developing an Integrated Risk Management and Shari’ah AuditFramework.

• RiskRegulationinIslamicFinancialInstitutions(BaselII,III).

MODULE 3: Legal and Shari’ah Compliance• ThelawandregulationofIslamicFinanceintheUnitedKingdom.• DevelopingarobustShari’ahComplianceFramework.• EffectivelyaddressingShari’ahNon-ComplianceRisk.• Shari’ahGovernancePracticesinIslamicFinancialInstitutions.• Compliance challenges to the global development of the IslamicFinanceindustry.

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MODULE 4: Contemporary and Future Developments in Islamic Finance• GloballyStrengtheningtheIslamicFinanceIndustry.• IslamicFinanceStructuralAdjustments(Participatory,Non-ParticipatoryFinancing).

• IslamicMicrofinanceFinancialInstruments,Models,andPractices.• IslamicFinanceandBehaviouralEconomics.

MODULE 5: Islamic Banking and Finance Markets and Technology• StrategiesforthedevelopmentofIslamicCapitalMarkets.• TheglobaldevelopmentofIslamicFinanceExchange-TradedproductsandtheIslamicInter-BankMarket.

• Capitalisingongrowthopportunities innew Takafulemergingmarkets(India,Morocco,Namibia,SouthAfrica,Tanzania,Turkey).

• IslamicFinanceMarkets,TechnologyandInnovation.

MODULE 6: Islamic Funds Markets Update• Structuring Islamic compliant Equity Funds; Commodity Funds; IjarahFunds;MurabahaFunds;andMixedFunds.

• Shari’ahcompliancescreeningofIslamicfunds.• Islamic funds investor and investment risk profiling (aggressive funds,capitalgainsfunds,regularincomefunds,balancedfunds).

• EvaluatingthecapacityandattractivenessofemergingIslamicFinancefundsmarkets(Australia,Europe,China).

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MODULE 7: Islamic Sukuk Markets Update• GlobalSukukmarketstrendsandfindings.• Evaluating Sukuk markets (Dubai; Hong Kong; Indonesia; Malaysia;Singapore;SouthAfrica;theUnitedKingdom).

• SukukSovereignandCorporateIssuers.• Sukukcollateralizationandliquiditymanagement.• StandardisingSukukdocumentation.

MODULE 8: Derivatives and Islamic Finance Update • Alternatives toconventionalderivatives (Arbun’;Al-shart; Salam; Istijar;Istisna).

• Analysing how to structure Murabaha-based cross-currency swaps;Murabaha-basedprofitrateswaps;IslamicForwards;andIslamicFinancefuturesandoptions.

• Analysing the ISDA/IIFM Tahawwut (Hedging) Master Agreementframeworkandlegalenforceability.

• Islamichedgingandcreditsupportagreements.

MODULE 9: Quality Management in the Islamic Banking and Finance Industry• AReviewofTotalQualityManagement(TQM),servicequality(customerservice, banking service, online service), quality evaluation (return onasset, returnondeposits, returnonequity, liquidityperformance, totalloanstototaldepositsratio,totaldepositstototalassetsratio).

• AReviewof theapplicationof Shari’ah rules, Shari’ah structuringandmarketingofproductsandtheimpactonqualityofearnings.

• A Review of the correlation between employee customer serviceShari’ahknowledgeandcompetenceandcustomerservicequality intheIslamicBankingandFinanceindustry.

• AReviewof ServiceQuality Issues in the IslamicBankingand FinanceIndustry (financial incentives, centralization levels, culture, leadership,empowerment).

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MODULE 10: Implementing Islamic Quality Management System MS1900• An Overview of Shariah-based Quality Management Systems –Requirements (management responsibility, resource management,productrealisationandmeasurement,analysisandimprovement).

• MS1900 implementation process (gap analysis, quality system, qualitypolicy,personnel,managementteamandleadership,documentation,systemelements),MS1900Shari’ahelements,andMS1900principles.

• Shari’ahrequirements,qualitymanagementpractices,andvalue-basedmanagement.

• Internalaudits,performancereviews,systemevaluation,monitoringandimprovement.

MODULE 11: Implementing an Integrated Islamic Total Quality Management, Creativity and Innovation Framework • AnOverview of TotalQualityManagement (TQM) Systems,Creativity,andInnovationwithintheIslamicBankingandFinanceindustry.

• A Review of the link between Innovation (speed, magnitude),Performance, Knowledge-Based Competition, and Customer Capital(penetration,widthofcoverage,loyalty).

• AReviewofInnovation-Based-Value-AddingActivitiesintheIslamicBankingandFinanceindustry.

• Implementing an Integrated Islamic TQM, Creativity and InnovationFramework (leadership, the role of the Shari’ah Advisory Board,communication,trainingandinnovation,trust-basedenvironments).

MODULE 12: Emotional Intelligence Training on Services Qualities in Islamic Banking – PART I• An Overview of the concept of Emotional Intelligence (EI), the ‘AbilityModel’, the ‘Mixed Model’, the ‘Competency Model, and EI Variables(Reliability,Responsiveness,Assurance,Empathy).

• TheeffectivenessofEItraininganddevelopment,andtheapplicabilityofEItotheservicecontext.

• Training in interpersonal skills in order to improve the quality of serviceinteractionsandservicequality.

• AReviewoftheliteratureonthesuccessofEItraininganddevelopmentprogrammesintheworkplace.

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MODULE 13: Emotional Intelligence Training on Services Qualities in Islamic Banking – PART II• Designing,creatingandrunningEITrainingProgrammes(EIT Programmes)forIslamicbankingandfinancialservicesemployees.

• TheexplorationphasepriortoimplementingEITProgrammes(observationof service provider activities, manager interviews, review of trainingpolicies, customer information collection, selection of trainees andevaluationofEI).

• Designing and implementing the EIT Programme (logistical details,teachingstrategies,sessiondesign,choiceofEITrainers).

• Post-EIT Programme Review and Evaluation (assessment of EIcompetencies, Emotional Competency Inventory, designing andexecutingCustomerServicesQualityQuestionnaires).

MODULE 14: Islamic Finance Technology and Innovation• The use of technology solutions to address Islamic Finance challenges(productpenetration,riskmanagement,operationalcosts,productquality,servicequality)andopportunities(streamlinedShari’ahcompliance,multi-channel,multi-countrysolutions,branchautomation).

• A Review of Financial Technology (FinTech) developments (FinTechinvestment platforms, commodity trading platforms, customer analytics,socialmedia,technologicaladvancements).

• IslamicFinancetechnologiesandShari’ahcompliance,controlledcosts,wealthmanagement,andadvancedShari’ahriskmanagement.

• A Review of Islamic Finance technology solutions (ITS ETHIX, SilverlakeAxis,IslamicSuite).

MODULE 15: Artificial Intelligence and Islamic Banking and Finance• A Review of technological and business factors driving ArtificialIntelligence(AI)adoption.

• IdentifyingdisruptiveArtificial Intelligence (AI)opportunities (increasedcustomer choice, convenience and reach, predictive analyticsrecommendations and cross-selling, precise customer segmentation,personalisedservicesbasedonIslamicculturalneedsandvalues).

• AIdataandanalyticsapplicationsintheIslamicBankingandFinanceindustry(frauddetectionandprevention,creditscoring,salesandmarketing).

• The application of AI in the overall customer services and productsexperience (speech recognition, AI authentication of transactions, AIvirtualassistants,roboticprocessautomation).

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The unprecedented growth of Islamic banking and finance operations around the world has created a huge demand for expert guidance in the latest Islamic banking and finance regulatory and risk management practices and technologies.