Shariah (Islamic) Compliance Banking
Shariah Compliance Banking system is based on the principles of Islamic law and guided by Islamic economics. Two basic principles behind Shariah banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. Collecting interest is not permissible under Shariah law. Globally Islamic Banking began in 1993, and since then commercial banks and other financial Institutions began and continued to offer Islamic Banking products and services under the Islamic Banking Scheme (IBS).
It is the objective of this course to introduce the use of this product and give more skill to staff of practicing banks and other financing companies in Tanzania that wish to introduce Islamic Banking Schemes and its products.
Aim of the Course
The aim of the course is to ensure smooth handling of Islamic Banking products and services by banks and other stakeholders as well as preventing any negative economic impact resulting from the loans. The programme will offer participants a hands on experience based on exercises and case studies.
What You will Learn
- Overview of Islamic Banking
- Profit sharing (Mudharabah)
- Cost Plus (Murabahah)
- Joint Venture (Musharakah)
- Hire Purchase Schemes
- Interest free loans (Qard)
Who are to Attend
Senior and middle level officers from Banks and Non Bank financial institutions, Pension Funds i.e. Investment Officers, Stakeholders, and other Individuals with interest in Islamic Banking Schemes, services and products.
One (1) week: 20th – 24th February 2012
The Bank of Tanzania Training Institute
VENUE: Dar es Salaam
To effectively facilitate the development of Central Banking knowledge and skills commensurate with the Bank of Tanzania objectives.
Grow into a superior and dynamic Training Institution of excellence that promotes effectiveness of the role of the Central Banking Functions.