Overview:

This 12-session intensive course provides a comprehensive journey through Islamic banking and finance, starting with an introduction to the industry's history, key infrastructure entities, the global halal economy, and Shariah governance and audit frameworks.

This course provides an overview of the key elements of Islamic finance, tailored for individuals with little to no knowledge of this field.

The next four classes provide a deep dive into core contracts Musharakah, Mudarabah, Ijarah, Salam, and Istisna. We will examine the structure of each contract, potential Shariah pitfalls, risk management techniques, and modern product applications.

Following this, participants explore Islamic capital markets, including Shariah-compliant equities, Sukuks (with a focus on green and hybrid models), and compliant hedging instruments.

A dedicated session on Takaful will provide an overview of how various Takaful models operate.

In the last lecture, the trainer, drawing on his experience, will share his insights on the Islamic finance industry's future direction and key trends to watch out for.

The last class will be a presentation-based assessment where participants will need to structure an Islamic financial product based on what they have learned and provide a brief overview of its application.

Please note: This is for people with no or limited knowledge about Islamic banking and finance.

Learning Outcomes:

• Describe the evolution and current landscape of Islamic banking, finance infrastructure, and the global halal economy

• Explain governance, Shariah-audit frameworks, and the roles of key Islamic-finance bodies

• Analyze, structure, and manage risk in core Islamic finance contracts (Musharakah, Mudarabah, Ijarah, Salam, Istisna)

• Compare modern applications of each contract to conventional products and identify Shariah-compliance issues

• Design and evaluate Shariah-compliant capital markets instruments, including Sukuk, equities, and hedging solutions

• Illustrate the principles and operational models of Takaful (Islamic insurance)

• Anticipate future trends in Islamic finance and propose innovative product ideas

• Apply course concepts by structuring, presenting, and defending a novel Islamic financial product

Please note: We provide tailored versions of our courses to cater to the specific needs of organisations. The pricing for customised courses may differ from that of our open-enrollment courses. For more details on pricing and instructor information, kindly reach out to us via email at??ces@lums.edu.pk.

Course Outline

Mujtaba Khalid

Mujtaba Khalid is an Islamic finance expert with over 15 years of experience spanning capacity building, regulatory advisory, and private-sector roles across the Middle East, Africa, Europe, and Asia. He has a proven record of transforming regulatory frameworks ranging from embedding Islamic financial standards in Bahrain's legal system to helping develop Nigeria's Islamic finance pension and insurance regulations. A Harvard MPA and undergrad from the London School of Economics, he excels in strategic market expansion and innovative product development. He has been recognized by Islamica 500 as one of the top leaders in the global Islamic economy.

Application Process:

Participants must register online through the CES website by clicking on their desired course and filling out a one-page form. Before starting the registration process, please ensure that you have the following:

- A passport-sized photograph for the CES smartcard. It should be against a white background.

- Correct CNIC details.

Incorrect information provided during the registration process will lead towards cancellation of your enrolment at any stage, and participants will not be entitled to claim a refund.

Once you have completed your online registration, you may proceed to the payment section. You have two options:

1. Pay online using your bank debit/credit cards through LUMS online payment system??https://pay.lums.edu.pk

2. Download the fee voucher and deposit cash in any branch of the designated banks specified on the fee voucher.??

Once the payment has been made, you will receive a confirmation email within 24 to 48 working hours, and your payment status will be updated to "ENROLLED" in the online application portal.

Installment:

KalPay Taleem offers monthly installments for all CES on-campus courses and workshop fees. For more details, contact via WhatsApp at 0328 3044414 (working hours - 9:30 AM to 6:00 PM), or visit taleem.portal.kalpayfinancials.com/sign-up to apply!

Note: CES may cancel or postpone a course due to insufficient enrolment or unforeseen circumstances. In this case, the university will refund registration/processing fee (if any) but will not be responsible for any other related charges/expenses including cancellation/change charges by airline and travel agencies.

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