Hedging in Islamic Finance 2015 PDF

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HEDGING IN ISLAMIC FINANCE:

Concepts, Strategies, and Instrument


Dr. Sami Ibrahim Al Suwailem (27-29 December 2015)

Leading Excellence in Islamic Finance


BIBF plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment
to excellence has strengthened our position as the top provider of quality education across all major business
disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research
and advisory, assessment and training solutions in the areas of Accounting and Finance, Academic and Executive
development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology;
resulting in a complete business solution.

BIBF covers a wide spectrum of subject matter, with almost 300 different courses offered to the financial and
corporate market; tailor-made training solutions based on organisational requirements; specialised programmes
taught by leading market specialists; and professional qualifications and degree programmes in partnership with
major international organisations.

BIBF continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.

Since its inception in 1981, BIBF has grown from training 450 applicants a year primarily within the banking industry,
to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners
in the last 3 decades.

Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their diverse
backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.

BIBF has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way
to becoming the global institute of choice.

For further information, please visit www.bibf.com


Hedging in Islamic Finance:
Concepts, Strategies, and Instruments
intro The Hedging in Islamic Finance course course provides extensive
insight on the utilization of Islamic financial instruments to
mitigate risks. One of the main topics that will be discussed will be
the techniques that can be used to manage risk in Islamic finance
without violating the teaching of the Shariah. At the end of this
module, participants will have a clear view of risk analysis and risk
management in conventional and Islamic finance frameworks.

Learning Outcomes

On successful completion of this course, participants will be able to:


• Identify various contemporary Islamic nominate contracts:
their definition, philosophy, types, legal foundations, and
application
• Link the essential principles of Islamic banking such as riba
and gharar prohibition to hedging
• Explain the risks contained in derivative products, both
conventional and Islamic and the approach used to mitigate them
• Discuss the different strategies used for hedging
• Compare and analyze a wide selection of Islamic hedging
instruments
• Discuss the contemporary issues in Islamic finance
engineering and product development related to hedging
Target Audience
course
facts • This course is for individuals who would like to
have an in-depth understanding on hedging in
Islamic banking related to a multitude of Islamic
finance contracts and products.
• This may include and may not be limited to:
• Individuals in the risk management department
• Senior and middle management
• Individuals in product development
• Individuals in treasury and capital markets
• Credit officers
• Investment analysts

Prerequisites
Introduction to Islamic banking or relevant banking
experience

Teaching Methodology and Structure


The course will be conducted using a variety of
learning aids that include presentation slides,
lectures, group discussions, problem solving
sessions, and case studies.

Language
English and some usage of Arabic for fundamental
terms which will be translated
Content Highlights

• Recap on the essentials of Islamic Banking and Finance


• Theory of riba: Debt riba and trade riba
• The rules of exchange and overview of Islamic instruments
• The theory of gharar
• Derivatives and risk in conventional finance
• Islamic vs. conventional approach to risk
• Product development and financial engineering in Islamic finance
• Islamic Hedging Instruments
• Strategies for hedging: Economic hedging, cooperative hedging, contractual hedging
• Hedging the various risks in Islamic banking: Currency risks, hedging murabaha risks, hedging
salam risks, hedging leasing risks, hedging istisna’ risks, hedging mudharabah risk, hedging
equity risks

Course Instructor

Dr. Sami Ibrahim Al Suwailem is a prominent expert in the of Islamic finance, a senior economist, an
experienced researcher, and author for a handful of specialized books related to Islamic finance that are
considered as an authority in its field.

Dr. Al-Suwailem obtained his Bachelor’s degree in Science from King Saud University, Riyadh, Saudi Arabia,
in 1987. He obtained his Master’s degree from Southern Illinois University in Carbondale, USA, in 1990,
and in 1995 obtained his Ph.D. from Washington University in St. Louis, Missouri, USA, both in Economics.
He then joined Al Rajhi Bank, Riyadh, as a senior consultant, and in 1998 became Manager of Research &
Development in the Shari’ah Group at the Bank. He joined IDB Group in December, 2004, and is currently
one of the senior economists there.

Course Facts: For Registration, contact : The Registrar

Dates & Duration: 3 days (27-29 of December 2015) Tel: +973 17 815555 / 17 815518

Timings: 8:00 AM – 2:00 PM Fax: +973 17729928/17916420/17916444

Fee: BD300 (levy payers) BD375 (non-levy payers) Email: [email protected]


Website: www.bibf.com
Contact details

If you wish to enquire about the external courses of

the Centre for Islamic Finance please contact:

Sumaya Zainalabedin / Alfatih Gessan P.


Tel: +973 1781 55384 / +973 1781 5539
Fax: +973 1772 9928
Email: [email protected] / [email protected]

Leading Excellence in Islamic Finance

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