Syariah Risk Management in Islamic Financial Institutions

Programme Overview

The field of Islamic finance has advanced significantly in recent years. Islamic banking continues to be the key growth engine in this development. As such, proper understanding on the risk associated with Islamic financial institutions and the management of such risks is very essential especially to uphold the confidence of the public to the industry as well as in cultivating Syariah compliance culture.

The purpose of this programme is to provide participants with a fundamental and technical understanding of risk management, with a particular focus on the Shariah non-compliance risk, and to engage them in engaging with the subject matter. Aside from that, the programme was also intended to impart the necessary professional skills, especially for the identification of Syariah non-compliance risks and the management of those risks by officers who are responsible for the Syariah control and compliance processes for Islamic financial institutions.

Who Should Attend

• Directors & board members.
• Syariah advisors.
• Company secretaries.
• Audit committee and internal auditors.
• Compliance and audit staff.
• Regulatory authorities.

Programme Objectives

• Acquire knowledge of risk in Islamic financial services: Develop an in-depth understanding of the various risks associated with Islamic financial services, including operational, market, credit, and liquidity risks.
• Identify types of risk in Islamic finance: Recognise and categorise the specific types of risks inherent in Islamic finance, such as Syariah non-compliance, credit, market, operational and reputational risks.
• Analyse Syariah non-compliance risks inherent in Islamic financial institutions and their severity level: Analysing the processes of Syariah risk management and appraise the common Syariah risk management enablers.
• Understand criteria and principles for managing risk in Islamic financial products: Learn the essential criteria and Syariah-compliant principles used in the risk management process when structuring Islamic financial products and instruments.
• Examine Syariah and legal risks in documentation and structuring: Analyse the Syariah and legal risks involved in the documentation and structuring of Islamic financial services, with a focus on banking, securities, and takaful.
• Minimise Syariah non-compliance risk: Develop strategies for identifying, assessing, and mitigating risks associated with potential non-compliance with Syariah principles in financial transactions.
• Support Sustainable Growth: Ensure that the institution’s growth and development are aligned with Syariah principles, contributing to long-term sustainability, ethical practices, and social responsibility.

Programme Dates

Programme Fee

Package	Stakeholder	Non Stakeholder
Normal Price	$1,100.00	$1,200.00

 

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