The curriculum is structured into comprehensive modules that build from foundational concepts to advanced risk management practices in Islamic finance.

Module 1: Fundamentals of Islamic Finance Risk Management

Overview of Islamic finance principles and Sharia compliance in financial services
Identification of unique risk types in Islamic institutions: credit, market, operational, and Sharia non-compliance risks
Comparative analysis of conventional vs. Islamic risk management frameworks
Regulatory landscape and standards: Understanding guidelines from the Islamic Financial Services Board (IFSB) and AAOIFI
The role of the Sharia Supervisory Board in risk governance

Module 2: Managing Sukuk Risk

Sukuk structures and their risk characteristics compared to conventional bonds
Credit risk assessment and default implications in sukuk issuance
Market risk, liquidity risk, and valuation challenges of sukuk instruments
Case studies on sukuk defaults and restructuring in global markets
Best practices for sukuk risk mitigation and regulatory compliance

Module 3: Risk Considerations in Takaful (Islamic Insurance)

Principles of Takaful and its differences from conventional insurance
Types of risks inherent in Takaful operations: underwriting, operational, and investment risks
Risk pooling, contribution calculation, and surplus distribution mechanisms
Takaful risk management frameworks and actuarial considerations
Regulatory requirements for Takaful operators and Sharia compliance audits

Module 4: Sharia Compliance Risk Management

Understanding Sharia compliance risk and its implications on reputation and operations
Techniques for assessing and monitoring Sharia compliance risk across Islamic financial products
Integration of Sharia risk assessment within overall risk management frameworks
Case examples of Sharia breaches and their operational impacts
Governance models ensuring continuous Sharia compliance in risk management

Module 5: Liquidity and Capital Adequacy in Islamic Finance

Liquidity risk management challenges unique to Islamic financial institutions
Tools and techniques for effective liquidity management while adhering to Sharia principles
Capital adequacy standards and stress testing for Islamic banks
Role of reserves and risk buffers in managing unexpected liquidity shocks
Regulatory perspectives on capital requirements under IFSB guidelines

Module 6: Emerging Risks and Future Trends in Islamic Finance Risk Management

Identifying emerging risks such as cyber threats, ESG considerations, and geopolitical risks in Islamic finance
Impact of technological advancements including fintech on Islamic financial risk management
Sustainability and ESG integration with Sharia compliance
Scenario analysis and forward-looking risk management strategies
Innovations in risk analytics and digital solutions for Islamic finance institutions

Risk Management for Islamic Finance Institutions Training Course in London

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Risk Management for Islamic Finance Institutions Training Course

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Available Dates

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Objectives and Target Group

Course Content

Risk Management for Islamic Finance Institutions Training Course

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Price