Alternative Concepts to Replace Tawarruq

This programme will give the learners an understanding of the Tawarruq contract and other Islamic commercial contracts that could be used as an alternative to Tawarruq. Learners will be exposed and have an insight into other contracts for them to structure Islamic banking products and move away from Tawarruq.

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Key Insights of Hajah Darurah Principles and Application

The programme is designed to equip participants with Hajah and Darurah framework and its application process for their effective implementation. Additionally, participants will engage in real-life scenarios, allowing them to practically apply these concepts within their work environments.

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Shariah Culture in Islamic Financial Institutions

This programme aims to provides an understanding on the origin, sources, purpose and philosophy of Shariah which is the foundation of the Islamic financial system. The programme covers various aspects of Shariah governance, including the roles and responsibilities of Shariah boards, the development and implementation of Shariah compliance policies and procedures, as well as the assessmentt of Shariah compliance risks.

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Shariah Decision Making for Shariah Committee (SC)

This programme aims to equip the participants with the appropriate skills to approach the decision-making process in providing well-informed resolution. Decision-making skills are crucial for Shariah committee members as they play a vital role in ensuring compliance with Islamic principles and guiding the Islamic Financial Institutions’ (IFIs) activities in accordance with Shariah law.

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Shariah Governance Policy Document

Shariah compliance is an integral component to ensure sound business operation of an Islamic Financial Institutions (IFIs). In response to that, Bank Negara Malaysia (BNM) has introduced the Shariah Governance Framework (SGF) with the aim to strengthen the Shariah governance structure and processes. In September 2019, the Shariah Governance Policy (superseding the SGF) was issued to address the emerging business complexity of the Islamic Financial Institutions (IFIs). The programme aims to provide updates to the participants on the enhancement features of the new SGP as well as its impact on the operations and dynamics within an IFI.

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The Importance of Shariah Governance and Consequences of Shariah Non-Compliance

The participants will be exposed to the importance of Shariah governance and the implication of Shariah non-compliance (SNC). The programme also discusses the possibility of SNC occurring in Islamic banking processes.

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