RISK MANAGEMENT IN ISLAMIC FINANCE

Objectives

Understand the framework and structure of Islamic Financial Services

Acquire the knowledge of risk in Islamic Financial Services

Identify types of risk in Islamic Finance

Identify the criteria and principles in mitigating risk in structuring Islamic financial prod-

uct and instrument

Examine several Shariah and legal risks in documentation and structuring Islamic finan-

Introduction

This course is exclusively designed to provide comprehensive and practical knowledge of Risk

Management in Islamic financial services. It also highlight relevant features, criteria, standard,

policies, regulation as well as operations that related to risk issues. What are the current de-

velopments an trends ahead for the Islamic financial institutions in mitigating risk in the sec-

tors? What are the successes of managing risk in Islamic Finance? What are the criteria and

structure of Islamic risk in Islamic Financial services? All these issues will be covered in this

course.

Course Outline

Nature of Risk & Risk Management Process of Islamic Financial Institution

Risk in Islamic Financial Services: A Shariah Perspective

Legal & Shariah Compliance Risk in Islamic Finance

Financial Contracts, Risk Management and Corporate Governance in Islamic Finance

Credit, Market & Equity Investment Risk in Islamic Finance

Reporting of Financial Risk: Reporting Standards & Transparency

Operational Risk, Shariah Compliance & Internal Control System

Capital Adequacy Ratio & Liquidity of Islamic Financial Institution

Trainers Profile

NIK SHAHRIZAL SULAIMAN

Nik Shahrizal is an Executive Director in PwC Malaysia and has over 10 years of experience in

the financial sector, both in the UK and in Malaysia. He specialises in the area of Islamic Fi-

nance and is part of the firm’s Global Islamic Finance Team (GIFT).

He graduated with an Accounting and Finance degree from Lancaster University and qualified

as a chartered accountant with the Institute of Chartered Accountants in England and

Wales. Nik has been assisting various clients on Islamic Finance structures and

transactions.

He is also a representative for the MASB Working Group Committee on Islamic Financial Re-

porting and has contributed a number of articles on Islamic Finance in the local media.

ASSOC PROF. DR SYED MUSA AL HABSHI

Dr. Syed Musa Alhabshi is a consultant with International Institute of Islamic Finance Inc provid-

ing advisory, research and training services to the Islamic financial services industry. He serves

as an independent non-executive director with Takaful and Re-Takaful companies .

At the international level, he has served as a Board Member to the Accounting Standard Board

Member of the Accounting, Auditing Organization for Islamic Financial Institution

(AAOIFI) in Bahrain and was directly involved in setting reporting, auditing and

governance standards for Islamic Financial Institutions. With Islamic Financial Services Board

(IFSB) as a consultant he was involved in the development of IFSB BASLE Pillar III for Islamic

Financial services industry .

refreshments and certificate of attendance (for full participation).

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Centre For Islamic Banking, Finance And Management (CIBFM) is the learning

arm under Autoriti Monetari Brunei Darussalam (AMBD). Established in 2010

as the Centre of Excellence for Brunei Darussalam’s finance industry. CIBFM

is accredited by Brunei Darussalam National Accreditation Council (BDNAC) as

a Training Institution in the field of Banking, Finance and Management; and

all its training programmes are recognised as Value Added Qualifications.

In addition to providing executive education, CIBFM also organizes high profile

and international events in partnership with renowned institutions.

About CIBFM