Islamic Finance: Products, Structures and Accounting (AF-060) Training Course

Islamic Finance: Products, Structures and Accounting

Islamic finance has grown into a significant part of the global financial system, serving banks, corporates, governments and investors who require financial solutions…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

Islamic finance has grown into a significant part of the global financial system, serving banks, corporates, governments and investors who require financial solutions consistent with Shariah principles. Understanding how these products work, and how they differ from conventional finance, is increasingly important for finance professionals in many markets.

This Islamic Finance training course explains the core principles of Islamic commercial law and the main contract types used in Islamic banking, investment and capital markets. Participants examine murabaha, ijara, musharaka, mudaraba, salam, istisna and sukuk structures, with practical examples of how each is used to finance trade, assets, projects and working capital.

The course also covers governance, risk management and accounting considerations, including the role of Shariah supervisory boards and the main reporting standards applied to Islamic financial transactions.

Course Objectives

By the end of this training course, participants will be able to:

Explain the key principles of Islamic finance, including prohibitions on riba, gharar and maysir
Describe the main Islamic contracts and how they are applied to financing and investment
Compare Islamic and conventional financing structures for similar business needs
Analyse sukuk structures and their role in capital markets
Understand Islamic investment funds, takaful and treasury products
Identify the governance responsibilities of Shariah boards and compliance functions
Recognise the specific risks of Islamic financial products and how they are managed
Apply key accounting and reporting considerations to Islamic finance transactions

Target Audience

This training course is suitable for a wide range of professionals, including:

Bankers and finance professionals in Islamic and conventional institutions
Corporate finance and treasury managers
Accountants and auditors dealing with Islamic transactions
Investment and fund management professionals
Risk and compliance officers
Regulators and public sector finance officials
Professionals seeking to enter the Islamic finance industry

Training Methodology

The course combines clear conceptual explanations with structure diagrams, worked numerical examples and case studies of real financing transactions. Participants analyse term sheets, compare structures, discuss Shariah and commercial considerations in groups and prepare short recommendations for financing scenarios.

Target Competencies

Islamic finance principles
Islamic contract structuring awareness
Sukuk analysis
Shariah governance awareness
Islamic finance risk management
Islamic finance accounting

Course outline

1Day One: Principles of Islamic Finance

Foundations of Islamic Commercial Law: Sources and core objectives
Key Prohibitions: Riba, gharar, maysir and prohibited activities
Risk Sharing and Asset Backing: Distinguishing features of Islamic finance
The Islamic Finance Industry: Banking, capital markets, takaful and funds
Comparison with Conventional Finance: Similarities and real differences
Shariah Governance: Shariah boards, fatwas and standards bodies
Group Discussion: Evaluating whether sample transactions meet core principles

2Day Two: Sale and Lease-Based Contracts

Murabaha: Cost-plus sale financing and commodity murabaha
Ijara: Operating and finance lease structures
Ijara Muntahia Bittamleek: Lease ending in ownership
Salam: Forward sale for agricultural and commodity finance
Istisna: Manufacturing and construction finance
Pricing and Documentation: Profit rates, ownership transfer and key clauses
Practical Exercise: Structuring equipment and trade finance solutions

3Day Three: Partnership Contracts and Investment

Musharaka: Joint venture partnership financing
Diminishing Musharaka: Home and asset finance applications
Mudaraba: Investment management and profit-sharing accounts
Wakala: Agency-based investment arrangements
Islamic Funds: Equity screening, real estate and income funds
Takaful: Principles and models of Islamic insurance
Case Study: Comparing partnership and sale-based financing for a project

4Day Four: Sukuk and Islamic Capital Markets

Sukuk Fundamentals: Differences between sukuk and conventional bonds
Sukuk Structures: Ijara, murabaha, wakala, musharaka and hybrid sukuk
Issuance Process: Parties, documentation, rating and listing
Sovereign and Corporate Sukuk: Uses and market trends
Green and Sustainable Sukuk: Linking Islamic finance and sustainability
Islamic Treasury and Liquidity Management Instruments
Workshop: Analysing a sukuk term sheet

5Day Five: Risk, Accounting and Compliance

Risk Profile of Islamic Banks: Credit, market, liquidity and Shariah non-compliance risk
Displaced Commercial Risk and Profit Equalisation: Managing depositor expectations
Accounting for Islamic Transactions: Recognition and measurement considerations
Reporting Standards Landscape: Islamic-specific standards and IFRS interaction
Shariah Audit and Compliance Reviews: Processes and documentation
Developments and Future Trends: Digital Islamic finance and regulation
Final Exercise: Recommending an Islamic financing structure for a corporate client

Frequently asked questions

How long is the Islamic Finance: Products, Structures and Accounting course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Islamic Finance: Products, Structures and Accounting course?

The next public date is 7 - 11 Dec 2026 in Frankfurt. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Frankfurt, London, Barcelona, Geneva, Istanbul, Kuala Lumpur, Madrid, Munich, Rome, Vienna, Cape Town, Dubai.

Can I take Islamic Finance: Products, Structures and Accounting online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Islamic Finance: Products, Structures and Accounting

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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