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Certified Islamic Finance Risk Assessment and Mitigation Specialist (CeIFRAM)

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Certified Islamic Finance Risk Assessment and Mitigation Specialist (CeIFRAM)
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4 Reviews Add Your Review
AED547.00

Start Date: Jan 23, 2021

Live Classes starting on Saturday 23rd JAN 2020

Course Objective:

The main purpose of this course is to provide comprehensive explanations of the theories and practices on all of the major ideas and topics in risk management and mitigation tools in Islamic financial institutions (IFIs). In addition, it will provide an overview of evaluating and managing all types of Shariah non-compliance risks and other types of risks.

What You Will Learn :

  1. Identify the main types of risks which are found within the IFIs. 
  2. Analyze the framework for different kinds of risk in the Islamic financial system.
  3. Analyzing the key factors that affect different types of risks in Islamic banking. 
  4. Applying the risk management methods in the current Islamic finance contracts. 
  5. Understanding the AAOIFI & IFSB Guidelines on Risk Management for Islamic Financial Institutions.

Language: English

Duration: 8 weeks

Availability:6 seats left
Course Code CeIFRAM
Syllabus
Details

The Islamic Finance industry has been growing rapidly in recent years. Islamic financial system is coming to the forefront as a substitute or an alternative to interest-based banks and has positioned itself in the world especially in Muslim countries by growing rapidly in the last two decades. 

In this short course, you will master the fundamentals of Risk Management in Islamic financial institutions.

Courses provided by TAIF are highly interactive and provide an excellent opportunity to expand your networking with other classmates. Exchange ideas with others in your group, develop your vision and learn from the insightful discussions. 

Should you have more questions, the TAIF, co-author of the course, will be happy to answer in the comments section. 

As with all TAIF courses, Introduction to Islamic finance also has a 30-day no-questions refund policy before the course is accessed, so you do not risk anything. After the completion of the course, students will receive the prestigious TAIF certificate.

 

Syllabus

 

The Course Outline: 

  • Managing Liquidity Risk in Islamic Financial Products and Instruments
  • Shariah Non-Compliance Risks in Islamic banking and finance
  • Qualitative and Quantitative analysis of risks
  • Classifications of risks in Islamic Finance
  • Operational Risk in Islamic Financial Services
  • Legal Risk in Islamic banking and finance
  • Credit Risk in Islamic banking and finance
  • AAOIFI & IFSB Guidelines on Risk Management for Islamic Financial Institutions
  • Reporting of Financial Risk in Islamic Finance: An Islamic Accounting Perspective
  • Risk Calculation Method for Islamic Financing
  • Market and Business Risk in Islamic Financial Services

 

Class#

Module Number/Name

Module overview



1

     Introduction 
  • General Principles of Risk Management: Basic Concepts and Techniques
  • Risk management process
  • Different type of risks


2

   The Concept of Risk and Risk Management from Islamic perspectives
  • Principles of Islamic Financial system,
  • Concept of Risk in Islam
  • Islamic Perspective on Risk Management  
  • The capital requirements for IFIs.
  • Qualitative and Quantitative analysis of risks


3

   Introduction on Risk Management in Islamic finance 
  • Classifications of risks in Islamic Finance
  • The concept and basis of Risk premium in IFI
  • Applying the credit, market, operation and liquidity risk for the Islamic financial contracts.
  • IFSB Guidelines on Risk Management in IFs


4

   Shariah non-compliance Risks
  • Shariah non-compliance risk 
  • Shariah-compliant parameters
  • Shariah auditing and Review 


5

   Market Risk Management
  • Displaced Commercial Risk, 
  • Equity investment risk
  • Rate of return risk


6

   Credit Risk Management
  • Credit rating, information and verification.
  • Credit risk implication (Fraud and bankruptcy)
  • Expected and unexpected loss


7

   Risk mitigating instruments
  • Risk mitigating instruments in IFIs 
  • Derivatives instruments (Shariah-compliant swap, forward and hedging) 

8

   General revision 
  • General revision of the course

 

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