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The French Institute for Islamic Finance (FIIF) has partnered with the French Institute for Management (Institut Français de Gestion – IFG-CNOF) in order to provide an access to all essential elements of vocational training for the major financial and industrial groups. This training aims to anticipate and support the development of Islamic finance in France and in the Muslim world.
FIIF and IFG-CNOF offer, under the supervision of Elyes Jouini, Jean-Paul Laramée and Gilles Saint Marc, founding members of FIIF, a range of 15 training programs, dedicated to finance and insurance professionals in order to help them to master the specific concepts of Islamic finance.
Twelve of these programs can be attended in six modules of two days each, resulting in a “FPP Professional Certificate in Islamic Finance.”
If you have any question about the contents of these programs or about this certification course, please send us an e-mail: contact@institutfrancaisdefinanceislamique.fr
| 1. Introduction to Islamic finance |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the stakes of Islamic finance
Objectives:
- Understanding principles and values of the Islamic financial industry, as part of ethical economy
- Knowing more about main contracts and products advertised by Islamic finance
- Identifying the main orders of magnitude in this growing market
- Getting to know the main parts of this sector and understanding their dynamics in the markets on which Islamic finance has developed.
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Historical approach of Islamic finance
- Geographical distribution of Islamic Finance in the world
- Principles and values of Islamic finance
- Highlights and key trends
- Institutions of Islamic finance
- Main markets of the industry of Islamic finance
- Main actors of the sector
- Main contracts and products
- Presentation of the compartments of Sharia-compatible financial market
| 2. Knowledge of the Muslim world |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the stakes of Islamic finance
Objectives :
- Getting to know the religious principles and the values of Islam
- Understanding the diversity of the Muslim space
- Getting to know the geography of the Muslim world
- Knowing the idiosyncrasies of the Islamic culture
- Knowing how to deal with the characteristics of the common business practices in the Muslims countries
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Milestones of the history of Islam since the 7th century
- Presentation of the main trends of the Islamic thought
- Main principles of the Muslim religion
- The values of Islam
- Islamic civilization today
- Diversity of the Muslim space: geography and society
- Islamic culture beyond the religious fact
- Islam, Economy, Business and Finance
- Economy of the Muslim space
- Doing business in the Muslim world
| 3. Islamic doctrine and jurisprudence |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about Islamic business jurisprudence ("fiqh al-mu’amalat")
Objectives:
- Identifying the main trends of Islamic law and thought
- Understanding teleology and hierarchy of standards in Muslim law
- Making the difference between business jurisprudence and the other categories of Muslim law
- Getting to know the application of the Islamic business jurisprudence in the particular case of financial transactions
- Knowing and mastering the role of Islamic Compliance Boards in the financial institutions.
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Introduction to Muslim law: a historical perspective
- Sources of Muslim law
- Hierarchy of standards in Islam
- Muslim law in the major schools of thought of Islamic law
- Sharia, fatwa, fiqh: difficult concepts
- The designs of Sharia
- Categories of fiqh (Islamic jurisprudence)
- Fiqh al-mu’amalat (business jurisprudence)
- The place of finance in Islamic Law
- Law and Financial Islamic contracts
- Principles of Comparative Law: Islamic Law vs. Civil Law, Common Law
- The place of jurisconsults in the Islamic financial sector
| 4. Sociology and geopolitics of the Arab and Islamic world |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the social and political dynamics of the Arab and Muslim world
Objectives:
- Identifying the major social dynamics of the Muslim countries
- Discovering the variety of political stakes in the Muslim world
- Getting to know economic and financial strengths in the Muslim world
- Getting to know the major geopolitical (im)balances of the main regions of the Islamic universe
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Islam as a social fact
- Islam and ideology in the contemporary history
- Social dynamics in the Muslim world
- Islam and politics: political Islam?
- Islam and economy: Islamic economy?
- Islam and money: Islamic finance?
- Islam and territories
- Geopolitics of the Muslim world, geopolitics of Islam
- Islamism
- Monographies: Great lands of Islam
| 5. Anthropology of the Islamic civilization: history, religion, culture |
Durtion:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about Islamic civilization
Objectives:
- Getting to know the major milestones of the history of Islam, in the main geographically relevant subareas
- Locating Islam among monotheist religions
- Understanding the importance of religious values in the constitution of the Islamic civilization
- Getting to know the contribution of anthropological research applied to the Muslim space
- Decrypting the variety of Islamic culture and its relation to economic and financial questions
Part of the certificate course "Islamic Finance"?
No
Key points:
- Revelation and religion: the place of Islam
- History of Islam: advanced approach
- Historiography of Islam
- Focus on modern and contemporary Islam
- The constitution of a civilization
- Anthropology of Homo Islamicus
- God, Man and the World: immanence and transcendance in Islam
- Production and commercial trades in Islamic culture
- Money, wealth and value in the revealed religions ; the case of Islam
- Thinking Islamic finance
| 6. Contracts et Islamic financial products |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the creation of Islamic financial products
Objectives:
- Getting a reminder of the structuring principles of Islamic finance
- Understanding the contractual nature of Islamic finance
- Getting to know the major contracts linked to all Islamic financial products
- Getting to know the structuring of Islamic products of banking, insurance and market
- Knowing how to use these principles in practical cases of financing, saving and investment
Part of the certificate course "Islamic Finance"?
No
Key points:
- Reminder of the principles of Islamic finance
- Islamic finance as a collection of typical contractual ideals
- Islamic finance as a structured finance
- Murabaha and tawarruk
- Musawama, Wakala and mutajara
- Ijara (oua iqtina’ and muntahia bittamlik)
- Bai’ bithaman âjil
- Musharakah and mudharaba
- Salam
- Istisna’a
- Wa’ad and ‘Urboun
- Introduction to Islamic banking and insurance
- Introduction to Islamic market finance
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance and bank industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the characteristics of Islamic banking
Objectives:
- Being able to locate banking jobs within the framework of the finance industry in general, and Islamic finance industry in particular
- Understanding the organization and the governance of Islamic banks
- Getting to know the jobs and the products of Islamic banks
- Getting to know the standards to which Islamic banks have to conform
- Mastering the competitive dynamics of Islamic banks today
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Banking theory and practice
- History and geography of Islamic banks
- Organization of Islamic banks
- The place of Shari’ah Boards in Islamic banks
- The governance of Islamic banks
- The jobs of Islamic banking
- Islamic banking products and marketing
- Accounting and regulation standards applied to Islamic banks
- Islamic banks in practice: inventory, mapping and performance
- Islamic banks and the crisis
| 8. Takaful (Islamic insurance) |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance and insurance companies
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the stakes of Islamic insurance
Objectives:
- Getting to know the jobs of Islamic insurance
- Understanding the organization and the governance of takaful companies
- Getting to know the structuring of Islamic insurance products
- Getting to know the applicable standards to the takaful companies
- Mapping the current market of takaful
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Theory and pactice of takaful
- History and geography of takaful companies
- Organization of Islamic insurance companies
- The place of Shari’ah Boards in takaful companies
- The governance of takaful companies
- The jobs of Islamic insurance
- Products and marketing of Shari’ah-compliant insurance
- Regulatory and accounting standards applied to takaful companies
- Islamic insurance companies in practice: inventory, mapping and performance
- Takaful companies and the crisis
| 9. Islamic capital markets |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry, business banks, management and investment companies
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the stakes of the world Islamic finance
Objectives:
- Understanding the distribution of the sector of Islamic finance regarding its major compartments
- Getting to know the dynamics and the principles of product structuring for each of its compartments
- Mastering the evolution of sukuk markets
- Understanding how Islamic funds work
- Getting to know the concept of Islamic business bank
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Reminders: principles, institutions et mapping of Islamic finance industry
- Compartments of Islamic finance: Islamic bank intermediation vs disintermediated Islamic markets
- The Islamic monetary market
- The Islamic mortgage market
- Credits and Islamic bank
- Investments and Islamic funds: bond markets et Sharia-compatible stocks
- Focus on sukuk market
- Hybrids and Islamic derivatives
- Islamic business banks
| 10. Funds, indexes and management of Islamic assets |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry and management companies
- Financial analysts
- Consultants
- Company directors
- Financial directors
- Any manager wanting to master Islamic asset management
Objectives:
- Getting to know the major Islamic asset classes
- Understanding the characteristics and the principles of structuring
- Identifying the mapping of the major Islamic funds
- Mastering the characteristics of the management of Islamic assets
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Islamic finance industry: theorical reminder et practice
- Islamic asset classes: monetary, bonds, stocks, real estate, infrastructure, projects, private equity
- Islamic stock indexes
- Islamic bond indexes
- Structuring an Islamic fund
- Marketing an Islamic fund
- Islamic funds and leverage
- Purification principles
- Legal framework of Islamic funds
- Mapping of Islamic funds
- Asset management of Islamic finance industry
| 11. Advanced financial analysis applied to Islamic issuers |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Financial directors
- Auditors
- Any manager wanting to know more about the techniques of financial analysis applied to the institutions and tools of Islamic finance
Objectives:
- Getting to know the techniques of analysis applied to Islamic financial institutions
- Getting to know the principles of analysis of sukuk as structured funding
- Understanding the major classes of Islamic stock issuers using the common analytical grids
- Identifying the major analytical conclusions of the specialized analysts in the supervision of Islamic issuers
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Introduction to the jobs of financial analysis
- Taxonomy of the Islamic investors
- Fundamental financial analysis of Islamic banks
- Fundamental financial analysis of takaful companies
- Financial analysis of structured products: sukuk through the analysis models
- Compared analysis of Islamic banks
- Commercial Islamic banks vs business Islamic banks
- Comparison of the Islamic financial institutions
- Competitive dynamics of Islamic banks
- Major analytical findings after a decade of monitoring of Islamic banks
| 12. Structuring, securitization and sukuk |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Any manager wanting to know more about the structuring of complex Islamic financial products
Objectives:
- Understanding the principles of conventional and Islamic structured finance
- Mastering the structuring of sukuk and of other complex financial products
- Getting to know the major sukuk categories (asset-based vs asset-backed)
- Getting to know the techniques of Islamic project funding and of foreign trade
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Islamic finance, a structured finance
- General introduction to securitization
- Application of securitization principles to Islamic finance
- Structuring of debt produtcs: sukuk
- Practical case study: unbuilding seminal sukuk
- Asset-based sukuk vs asset-backed sukuk
- Financial rating and sukuk
- Islamic treasury structured products
- Islamic derivatives
- Islamic project funding
- Islamic funding of foreign trade
| 13. Regulation and risk management in Islamic finance |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Regulators, bank and finance supervisors
- Risk managers
- Financial analysts
- Consultants
- Business lawyers
- Financial directors
- Auditors
- Any manager wanting to master the characteristics of the risks of Islamic finance and the tools of their management
Objectives:
- Identifying standards to which Islamic banks are subject, e. g. external regulation and internal governance
- Getting to know how Basel II applies to Islamic banks
- Getting to know the principles of general and specific risk management in the case of Islamic banks
- Understanding idiosyncrasies of balance sheet, liquid asset and reputation management in Islamic banks
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Islamic banks, regulated institutions
- Standards of Islamic finance
- Governance, standards and Shari’ah boards
- Bank regulation and supervision applied to Islamic banks
- Basel II and Islamic banks
- Common risk management in Islamic banks
- Specific risk management in Islamic banks
- Asset and liability management in Islamic banks
- Focus 1: Liquidity of Islamic banks
- Focus 2: Translated commercial risks
- Risk hedging in Islamic banks
| 14. Law of Islamic finance |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Bank and finance regulators and supervisors
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the legal, tax and regulatory framework of Islamic finance in France and abroad
Objectives:
- Getting to know the major legal standards inherited from Muslim law
- Comparing Islamic law with the major Western legal systems: Britain's Common law and French law
- Understanding ways of implementing Islamic finance in French law
- Getting familiar with the tax processing of the major Islamic finance operations
Part of the certificate course "Islamic Finance"?
Yes
Key points:
- Reminders: Islamic finance as a contractual finance
- The typical contracts of Islamic finance and the applicable law
- Islamic finance under UK law
- Sukuk under UK law
- Implementation of Islamic Finance in French law
- Sukuk and trust
- Judge and Sharia
- Juridical status of Sharia standards in the applicable law: Common law vs Civil law
- Prospective: Necessary adjustments in the French law to compose with Islamic finance
- Islamic finance and tax system
- The case of zakat
| 15. Current issues, innovation and workshops in Islamic finance |
Duration:
1 day (7 hours)
Target audience:
- Managers and executives of the Finance industry
- Financial analysts
- Consultants
- Business lawyers
- Company directors
- Financial directors
- Auditors
- Any manager wanting to know more about the latest developments in Islamic finance in France and abroad
Objectives:
- Discovering the latest figures, latest trends and the most recent dynamics on the major markets and compartments of the Islamic finance industry
- Debating with the most advanced experts in innovations and latest developments in this topic
- Getting to know the result of research works, theoritical or applied, in the sector of the world Islamic finance
- Understanding the selection of the major paths of prospective for tomorrow's Islamic finance
Part of the certificate course "Islamic Finance"?
No
Key points:
- Highlights summary of the Islamic finance industry during the past 18 months
- Update and comments of the latest figures of Islamic finance
- Latest trends of the major compartments of the Islamic finance industry
- News of Islamic finance research
- Updated analysis of the performance of the major Islamic financial institutions
- News of the major Islamic stock exchanges: Gulf region, Malaysia, London
- Islamic finance in France: events, works, transactions, studies, news
- Innovations in Islamic finance
- Prospective: The future of Islamic finance