A seminar and workshop titled ‘Know it All’ on the Fundamentals of Islamic Banking, Finance and Takaful will be held from June 7-8 at Trans Asia Hotel, Colombo.
The two-day seminar and workshop is organized by the First Global Knowledge Centre, a leading event manager and franchisee of Islamic Banking and Finance study courses in Sri Lanka.
President of the First Global Group, Ikram Thowfeek, said that this event, the second of a series of signature events titled ‘Know it all’ is back by popular demand in a context where the demand for events and study courses relating to Islamic Banking, Finance and Insurance is growing both locally and globally. He noted that studies have revealed that the demand for Islamic Banking professionals is growing at a phenomenal rate with numerous new banking jobs in the sector being made available in the Gulf region alone.
The seminar which is billed as the top Islamic banking event of the year will be addressed by a number of internationally renowned tutors and practitioners in Islamic Banking, Finance and Takaful, among them Sheikh Esam M.Ishaq, a well known Shari’ah scholar sitting in the Shari’ah boards of several leading Islamic financial institutions, Dr.Mohammed Burhan Arbouna, an internationally reputed tutor on Islamic Banking and Takaful and Muhammad Ikram Thowfeek, a start-up specialist and well known lecturer in Islamic Banking and Finance forums worldwide .
The subjects dealt with include Introduction and background of Islamic Banking, Islamic Banking Modes of Financing such as Murabaha, Ijara and Ijara Muntahia Bittamleek, Instruments of equity investment such as Musharaka and Mudaraba ventures, Loan and its application by Islamic Banks and the concept and the operations of Islamic Insurance which is commonly known as Takaful.
The seminar will seek to instill in participants an understanding of the principles of Islam that are relevant to Islamic banking products and services, a familiarity with the full range of Islamic products and services, a grounding on how Islamic banks earn profits and distribute them among shareholders, depositors and investors and a training on how to create new markets with Islamic Financial Products. It also seeks to provide participants with an in-depth knowledge of the concepts of Takaful, its operations and its application in this era.
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