This course seeks to equip participants with the knowledge and skills to manage risk in Islamic finance transactions. Covering both Shariah compliance risks as well operational risks in Islamic finance transactions, the course will take a practical approach and will cover the following issues:
Concept of Shariah and Shariah Non-Compliance Risk Fundamentals
- Shariah Fundamentals
- Concept of Risk
- Shariah Non-Compliance Risk
Risk Elements of Shariah Non-Compliance; Overview of Conventional Market Risks
- Credit, Market, Liquidity, and Operational Risks
- Islamic Finance Institutions’ Risks
- case Studies: Leading Causes of Shariah Non-Compliance Risks in Islamic Finance Operations
Tools to Develop and Maintain Transparent Shariah Compliant Risk Management
- Overview of Basel III, IFSB (Islamic Financial Services Board), AAOIFI (Accounting & Auditing Organization for Islamic Finance), and ISO
- Design and Develop Framework for Islamic Finance
- Risk Identification and Management Techniques
Performance-Based Identification of Risks and Management Techniques
- Implementation of Key Risk Indicators (KRIs)
- Quantifying the Magnitude and Frequency of Loss
- Enterprise Risk Management (ERM) Framework : Adoption and Organizational Performance
CONTACT
Rafee Salleh
AVP (International Business & Licensing)
Email: rafee@ssagroup.com
DID: +65 6632 9530
PROGRAMME DATES
Date: TBC
Timing: 9 AM – 5 PM
Venue: Lifelong Learning Institute