Islamic Finance Architecture
In just four decades, Islamic financial system has evolved into a comprehensive financial system of its own: ranging from banking, capital market, to takaful sectors. It has attracted considerable attention from both muslim and non-muslim countries, recording one of the fastest growing financial sectors. Nevertheless, the development of Islamic finance encounters a plethora of issues surrounding its practice. This course is intended to provide the general outlook on the development of the global Islamic finance as well as the important component of the modern Islamic finance architecture.
After completing this session, participants should be able to:
- Understand the present state of Islamic finance
- Understand the component of the Islamic finance architecture
- Comprehend the various structures and products of IFIs
- Explain the differences between Islamic and conventional financial system
- Identify the Shari’ah issues in IFIs
- Islamic Finance Architecture 1: Islamic banking
- Islamic Finance Architecture 2: Takaful
- Islamic Finance Architecture 3: Islamic Capital Market
- Islamic Finance Architecture 4: Sukuk
- Managers/Officers of IFIs
- Shari’ah Officers
- Takaful and Retakaful Operators
- Legal and Compliant Department
- Risk Department
- Advocates and Solicitors
- Government Officials
- Lecturers and Students
- Any individual seeking for Islamic finance related job
DR MOHAMMAD MAHBUBI ALI
Dr Mohammad Mahbubi Ali is a research fellow at the International Institute of Advanced Islamic Studies (IAIS) Malaysia. He also serves as a Shariah committee member of Affin Islamic Bank, Shariah consultant for ZICO Shariah Advisory Bhd and Roosdiono & Partners. Previously, he was a researcher at the International Shari’ah Research Academy for Islamic Finance (ISRA). During his stint at ISRA, he had contributed to numerous ISRA’s research publications, mainly involving in Central Bank of Malaysia’s Shari’ah Standards. He was a lecturer at the University of Kuala Lumpur and Unitar International University. In his young age, he has managed to contribute extensively to Islamic finance through his regular writings featured in the Islamic Finance News (IFN), Business Islamica, The General Council for Islamic Banks and Financial Institutions (CIBAFI), Epicentre and many others.
He has published numerous articles in international and local referred academic journals, written several book chapters and presented a number of papers in various international conferences. His paper entitled: “A Framework of Income Purification for Islamic Financial Institutions,” co-authored with Dato’ Dr. Asyraf Wajdi Dusuki and Lokmanulhakim Hussain, was conferred best paper presentation in Sharia Economics Conference, University of Hannover, Germany, 2013. He received a bachelor degree in Shari’ah Business and Financial Management from Islamic Business School, Tazkia Indonesia, Chartered Islamic Finance Professional (CIFP) from INCEIF, The Global University in Islamic Finance, Malaysia and PhD in Islamic Banking and Finance from the IIUM Institute of Islamic Banking and Finance, Malaysia.