This is a recording of an online webinar on Islamic finance organised by the RSBP for Central Asia for financial institutions in Kazakhstan.

The key subjects discussed at this webinar were the following:

Islamic Finance and Islamic Products (Day 1)

  • What makes Islamic finance different from conventional finance?
  • Principles of Islamic finance
  • Different types of Islamic products:
    • Equity based
    • Asset based
    • Service financing
  • Examples of Islamic financial products:
    • Murabaha
    • Mudarabah
    • Musharakah
    • Ijarah
    • Sukkuk

The Management of Islamic Financial Institutions (Day 2)

  • Balance sheet structure of Islamic banks
  • Risk profile of Islamic banks – is it different from conventional banks?
  • Islamic capital markets and ‘Shari’ah screening’
  • Infrastructure of Islamic finance: key institutions (Aaoifi, IFSB, IDB, etc)
  • Estimating the size of the Islamic finance industry
  • Looking ahead: what’s next for Islamic finance?
 

Day #1: Islamic Finance and Islamic Products

Day #2: The Management of Islamic Financial Institutions