Musharakah- Mudaraba and Their Application

Musharakah- Mudaraba and Their Application

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Description

The Musharakah-Mudharabah and their applications course provides an in-depth understanding of the two main partnership contracts in Islamic finance: Mudharabah and Musharakah, and how they are applied in the current Islamic financial institution industry. It also presents a detailed explanation on the many aspects of the original Mudharabah and Musharakah contract, covering their principles, legal foundations, and variations. The course makes use of cases that utilise sample contracts to further the concepts of both Mudharabah and Musharakah.

Learning Outcomes

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

  • Review the history of Islamic financial institutions and the current Islamic finance landscape
  • Discuss the key principles of Islamic financial institutions, referencing the sources of Islamic law, and then specifically relating it with the contract of Mudharabah and Musharakah
  • Describe the essential rules of Mudharabah and Musharakah and explain how they are applied to the modern products of Islamic financial institutions
  • Distinguish and evaluate the key differences between Mudharabah and Musharakah-based financing and other types of financing products used in both conventional financial institutions and Islamic financial institutions
  • Discuss the contemporary issues related to the current practice of Mudharabah and Musharakah financing
  • Explain the key points of AAOIFI Shariah Standards No. 12 and No. 13 and FAS No. 3 and 4 on Musharakah and Mudharabah respectively and, and apply them in solving accounting-related questions
  • Explain the key points of Mudharabah and Musharakah-based Sukuk

Contents Highlights

  • A review on the history of Islamic financial institutions and its current  financial landscape
  • Key principles and rules of the Islamic nominate contracts of Mudharabah and Musharakah
  • A discussion on Islamic financial institutions products that utilise the contract of Mudharabah and Musharakah: Mudharabah financing, Musharakah home financing, syndicate financing, Islamic mutual funds, Mudharabah-based unrestricted investment accounts, Mudharabah-based restricted investment accounts, Sukuk al Musharakah, Sukuk al Mudharabah, Mudharabah and Musharakah in trade financing
  • AAOIFI Shariah Standards No. 12 and No. 13 on Mudharabah and Musharakah respectively
  • Accounting for Mudharabah and Musharakah transactions under AAOIFI FAS No.3 and FAS No. 4 respectively
  • Key points of Mudharabah and Musharakah-based Sukuk
  • Case studies related to Mudharabah and Musharakah contract analysis

Target Audience

This course is aimed at individuals who would like to gain an in-depth understanding on the partnership contracts of Mudharabah and Musharakah and how it is applied in the current Islamic financial institutions products, and for those who deal directly with Mudharabah and Musharakah-based products.

 

Course Structure

The course is conducted using a combination of lectures, discussions and case studies

To register for this event email your details to abdlk@hotmail.com

Register using webmail: Gmail / AOL / Yahoo / Outlook

 

Date And Time

2021-03-14 @ 09:00 AM to
2021-05-15 @ 02:00 PM
 

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