Islamic Capital Markets for Investors in the Western Context- Short Course
Course Overview
This course is designed for investors in the West who are looking to explore Islamic Capital Markets as an alternative investment opportunity. The course will provide a practical understanding of how Islamic finance works, the ethical investment opportunities it offers, and how Sukuk, equity financing, and other instruments are used in capital markets. With a focus on the Western financial context, the course will cover how these markets are integrated into global financial systems, helping investors diversify their portfolios while aligning with ethical and socially responsible principles.
Instructors
Professor Dr. Obiyathulla Ismath Bacha is currently Professor of Finance and Head of PhD Program at INCEIF University, a post graduate university specialising in Islamic Finance, established by Bank Negara Malaysia. Prior to joining INCEIF, he has held several key positions at the International Isl... Read More
Course Outcomes
By the end of this course, participants will:
1. Understand the fundamentals of Islamic finance and its principles.
2. Gain insights into the unique characteristics of Islamic Capital Markets.
3. Learn about Sukuk, Islamic equity financing, and other Shariah-compliant financial instruments.
4. Assess investment opportunities in Islamic financial products, including ethical stocks, Islamic investment funds, and real estate.
5. Understand the role of risk-sharing and ethical investing in Islamic finance, and how these principles impact Western investors.
6. Learn how to assess the potential for growth and diversification using Islamic finance in Western markets.
Course Structure
Week 1: Introduction to Islamic Finance and Capital Markets
- What is Islamic Finance? Key principles: Riba (interest), Maysir (gambling), Gharar (uncertainty).
- Ethical foundations of Islamic investing: Risk-sharing, social responsibility, and sustainability.
- Overview of Islamic Capital Markets: Key instruments and structures.
Week 2: Sukuk (Islamic Bonds) – An Investment Alternative
- What are Sukuk? How they differ from conventional bonds.
- Key types of Sukuk: Ijarah, Mudarabah, and Murabaha.
- How Sukuk can offer stable returns with lower risk for investors.
- Understanding Sukuk issuance in the Western context: Challenges and opportunities.
Week 3: Islamic Equity Financing and Investment Opportunities
- The concept of equity financing in Islamic finance.
- How Shariah-compliant stocks and Islamic equity funds work.
- Screening stocks for ethical investment: Understanding halal investment criteria.
- How investors can diversify portfolios with Islamic equity-based investments.
Week 4: Understanding Islamic Investment Funds and Real Estate
- Islamic investment funds - What are they and how they differ from traditional funds.
- The growth of real estate investment within Islamic finance: Opportunities and risks.
- Case studies: Successful Islamic real estate projects in the West.
- How to identify Shariah-compliant real estate investments in the Western market.
Week 5: Risk Management, Ethical Investing, and Future Trends
- Risk-sharing vs. risk-transfer: The basis of Islamic risk management.
- Ethical investing principles in Islamic finance.
- How to assess Islamic financial products for stability and growth.
- Opportunities and challenges for Islamic finance in Western markets.
- The future of Islamic Capital Markets in the West: Trends and predictions.
Target Audience
This course is designed for:
1. Investors in the West looking for ethical, diversified investment options.
2. Financial professionals and wealth managers seeking to offer Islamic financial products to clients.
3. Students and individuals new to finance who wish to learn about Islamic finance and capital markets.
4. Ethical investors are interested in aligning their investment strategies with social responsibility and sustainability principles.
Recommended Resources
Participants will have access to a range of recommended readings, videos, and case studies through the LMS platform. These resources will provide deeper insights into the topics covered in each module and further enhance their understanding of Islamic finance and capital markets.
Certificates
Upon successful completion of the course requirements, participants will receive a
certificate of completion from ExpertGate.
