Masterclass: Principles to Apply for Islamic Finance
Once registered, we will send you, a day before the event, an email which includes the access URL to this virtual session.
This first masterclass will provide a practical introduction to the key concepts of Islamic Finance and a clear context for the credit transformation of Islamic financial concepts so that these may be applied in a banking environment. Participants will have the chance to engage in a practical exercise applying the concepts to structure a simple car-financing product. This is an open-ended exercise allowing more than one answer. The master class will also address how the Shariah rule on uncertainty is restrictive in sales but managed in investments. This will lead to another exercise relating to the nature of a deposit and the types of deposits applied by Islamic banks. The masterclass is designed to give a clear overview of the main concepts governing Islamic finance and affecting its interface with conventional finance.