Islamic Treasury & Risk Management Products

The 3-day program presents a course that aims to analyze treasury and risk management products and provide deep insight of various treasury key areas. Delegates will be lead through the vocabulary and nomenclature of Islamic finance applicable to Islamic treasury.

Various Islamic toolkits will be examined to learn how they are applied in the ‘money market’ and risk management activities.

The course will also emphasise how Sukuk is relevant to Treasury activities – be it for liquidity management, long term funding options or capital adequacy purposes. It will also look at how the various Islamic tools are applied to manage forex and rate risks in the Islamic market.

The expert course directors will review various Sharia’a opinions in the market; starting with AAOIFI and explain where and why variances from AAOIFI takes place in different markets.

The course is suitable for:

• Middle Office Operations
• Recent entrants and experienced to the Operations Department (Back Office);
• Other trading room support areas;
• ALM
• Internal, external and Shariah auditors;
• Compliance, risk and Shariah officers;
• Product Control;
• Correspondent bankers
• Vendors.

Day 1: Islamic “Money Market” Part I

• Session 1: The Nature of Money & Implication on Treasury
• Session 2: Key Treasury Functions
• Session 3: Main Islamic Interbank Tool: Murabaha
• Session 4: Other Islamic Interbank Tools

DAY 2: Islamic “Money Market” Part II

• Session 5: Islamic Liquidity Management with Central Banks
• Session 6: Introduction to High Quality Liquid Instruments: Examine different tradable tools and identify potential Shariah issues (if any)
• Session 7: Repo
• Session 9: Alternative Basel Capital Management Strategies

DAY 3: Managing Forex& Rate Risks

• Session 10: Forex Transactions
• Session 11: Managing FX Risk 
• Session 12: Managing Rate Risk