Islamic Finance: Products, Contracts & Structures
Every Islamic finance product is a classical contract solving a modern problem — understand the contract and the product explains itself.
Format
Classroom · Virtual
Upcoming sessions
Pick a session to applyADMISSIONS OPENThe programme
Islamic finance is now a multi-trillion-dollar industry, and its practitioners are too often trained on either pure jurisprudence or pure banking — rarely the join. This programme teaches the join: each core contract — murabaha, ijara, musharaka, mudaraba, salam, istisna, wakala — worked from its Sharia basis to its modern product form, with the structuring choices, risks and accounting treatment that follow. AAOIFI standards are used as the working reference throughout. Participants leave able to structure, review and explain the mainstream product set with confidence on both sides of the join.
What you will do
Who attends
Bankers moving into Islamic finance; product, credit and legal teams at Islamic windows and full Islamic banks; regulators and auditors covering Islamic institutions.
Programme agenda
Built for the decisions no textbook prepares you for
I.The foundations
- The prohibitions and their commercial logic: riba, gharar, maysir
- Contract theory: the classical nominate contracts as a toolkit
- The market today: institutions, standard-setters, geographies
II.The contracts as products
- Sale-based: murabaha, salam, istisna — structures and their risks
- Lease and partnership: ijara, musharaka, mudaraba, diminishing structures
- Agency and treasury: wakala, tawarruq and the liquidity toolkit
III.Making them work
- Structuring choices: ownership, risk transfer and where deals go wrong
- AAOIFI accounting treatment of the core products
- Documentation and the Sharia approval process in practice
Frequently asked
Which contracts does the Islamic finance programme cover?
The programme works through each core contract — murabaha, ijara, musharaka, mudaraba, salam, istisna and wakala — from its Sharia basis to its modern product form. Each is treated as a working product, with the structuring choices, risks and AAOIFI accounting treatment that follow, so participants leave able to structure, review and explain the mainstream product set.
Do I need a background in Islamic jurisprudence to attend?
No. The programme is built precisely for the join between jurisprudence and banking that most training misses: bankers moving into Islamic finance learn the contract logic, while product, credit and legal teams at Islamic windows and full Islamic banks deepen the banking side. Regulators and auditors covering Islamic institutions also attend.
Does the course provide Sharia-compliance rulings?
No — this is professional training, not sharia-compliance or legal advice. AAOIFI standards are used as the working reference throughout, and the programme covers documentation and the Sharia approval process in practice, but rulings on specific products remain the province of your institution’s own Sharia board.
Is the programme available in-house, and in which languages?
Yes. BIZENIUS delivers the programme in English and French, and in-house editions can be tailored to your institution’s product set. Sessions run on a rolling calendar with dates confirmed on request; fees and quotations are provided on enquiry.
Who teaches this
Practitioners, not presenters.
Led by practitioners who hold, or have held, the seats this programme prepares you for: group treasurers and heads of asset–liability management, chief risk officers, heads of credit and capital management, and former central-bank supervisors who examined the very frameworks they now teach. Between cohorts the same people advise banks on those frameworks, so what you learn is what is being defended in front of boards and regulators today.
What the bench brings
- Risk management for Islamic banks
- Asset–liability management and funds transfer pricing
- Liquidity ratios and capital planning
- Financial product development and modelling
- Commercial and corporate banking process design
- SME banking: organisation, products and credit
Where they have practised
Current and former practitioners — people who hold the seat today alongside those who have held it.
Sectors: Banking & financial services · Technology & fintech · Insurance
Regions: Africa · the Middle East · Europe · Asia · the Americas
How they teach
- Live case studies from real institutions
- Worked exercises on realistic bank data
- Regulator-style challenge sessions
- Group problem-solving on realistic institutional cases
- Knowledge checks and a personal action plan
Cohorts are kept small so every exercise is worked on the participants’ own situations — in person or live virtual.
The faculty profile for your cohort is sent with the full agenda and the next dates when you enquire.Request brochure →
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In their words
Knowledge transfer, emphasised throughout
“We worked with BIZENIUS for our Fresh Graduates Programme — they are simply amazing. Knowledge transfer and practical learning were emphasised throughout.”
Kuwait Investment Authority
From the Mandate Record
Mandate № 01 · Africa
The training programme that became national regulation
What the team mastered, the regulator wrote into the rulebook.
Open the dossier →
The Capability Arc™
Fix it · Advisory
Advisory & Consultancy
A senior bench across risk, treasury and regulation.
Learning is one point on the Capability Arc. Many institutions pair this programme with the advisory engagement — and automate what the framework demands.
Teams from these institutions train with BIZENIUS
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Take the brochure with you.
One request — the full agenda, the faculty and the next cohort dates, sent personally by the admissions team.