你将学到什么
The Islamic Takaful System
Mutual Funds and Islamic Perspectives
Islamic Investment Funds
课程概况
This Islamic finance and banking course gives an overview of the basics of Islamic insurance, mutual and investment funds. In this course, you will learn about The Concept of Takaful Ta’awuni (collaborative), The Basis for Takaful, Takaful vs Conventional Insurance, The Tabarru or donation – based Takaful Model.
You will also learn about Islamic Perspectives on Mutual Funds and Real Estate Investment Trust (REIT) and Islamic Investment Funds.
No previous knowledge is needed.
Why Islamic finance is important for the global financial industry
Islamic finance has grown rapidly, with the trend expecting to continue. Although the concept has been around for much longer, Islamic finance only attained a formal status in Muslim-majority countries in the 1970s. Today, it has become a global phenomenon, eliciting increasing interest around the world, including from non-Muslim countries like the United Kingdom, Luxemburg, Kenya, South Africa, and Hong Kong. Islamic finance has grown into a huge industry with total worldwide assets estimated at about US$2 trillion.
Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access of banking services to underserved populations. In addition, it has the potential to promote financial stability due to its risk-sharing feature and its financing being asset-backed and thus fully collateralized. Moreover, Islamic banks offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress. These are all indications that Islamic finance is converging to the global finance industry and hence all international finance professionals should be aware of Islamic finance.
课程大纲
Week 1 - The Islamic Takaful System-Part 1
Introduction
Islamic Appraisal of Conventional Insurance
The Need for Sharī‘ah-Compliant Insurance
The Concept of Takaful Ta’awuni
The Shari’ah Basis for Takaful
Takaful vs Conventional Insurance
Week 2 - The Islamic Takaful System-Part 2
Introduction
The Tabarru-based Takaful Model
The Mudarabah-based Takaful Model
The Wakalah-based Takaful Model
Profit vs. Surplus for Takaful Products
Deviations in Mudarabah and Wakala Takaful
Sharing Expenses in Takaful Products
Other Issues in Takaful Products
Applications of Takaful in Family Insurance
Applications of Takaful in General Insurance
Week 3 - Mutual Funds and Islamic Perspectives
Introduction
Mutual Funds and Their Advantages
Various Structures in Mutual Funds
Debt Funds
Equity Funds
Hedge Funds
Real Estate Investment Trusts (REITs)
REIT Structures
Islamic Perspectives on Mutual Funds and REITs
Week 4 - Islamic Investment Fund
Introduction
Islamic Debt Funds
Murabaha-Based Commodity Debt Fund
Ijarah-Based Debt Fund
Islamic Equity Fund
Conditions Governing Islamic Equity Funds
Islamic Hedge Fund
Islamic REITs
Sukuks
Recognised Sukuks
Ijarah Sukuk
Salam Sukuk
BBA Sukuk
Muqaradah Sukuk
Musharakah Sukuk
The Advantages of a Sukuk Market
The International Sukuk Market
Challenges for Developing a Sukuk Market
预备知识
None