Sukuk & Islamic Capital Markets
A sukuk is not an Islamic bond — it is an ownership claim engineered to behave like one, and the difference decides everything in distress.
Format
Classroom · Live Virtual
Upcoming sessions
Pick a session to applyADMISSIONS OPENThe programme
Sovereigns and corporates across the Gulf, Asia and Africa now fund routinely in the sukuk market — and every issue rests on a structure most participants have never opened. This programme opens it: the main sukuk structures — ijara, wakala, murabaha, hybrid — from asset selection through SPV mechanics to periodic distributions and dissolution; the credit and Sharia analysis investors and rating agencies actually run, including what asset-backed versus asset-based means when things go wrong; issuance mechanics from mandate to listing; and the wider market — Islamic funds, equity screening and indices.
What you will do
Who attends
Treasury and capital markets teams; investment bankers and DCM professionals; institutional investors and analysts; regulators and central bank staff covering sukuk markets.
Programme agenda
Built for the decisions no textbook prepares you for
I.The structures
- Ijara, wakala, murabaha and hybrid sukuk — anatomy of each
- The SPV: asset transfer, distributions, dissolution events
- AAOIFI’s structural requirements and their market consequences
II.The analysis
- Credit: recourse, ranking and what dissolves at default
- Asset-backed versus asset-based — the distress cases that taught the market
- Pricing against conventional curves: spread, liquidity, demand
III.The market
- Issuance mechanics: mandate, structuring, bookbuild, listing
- Islamic funds and equity screening: the buy-side toolkit
- Sovereign programmes and the market’s next decade
Frequently asked
Do these programmes cover the Basel III final reforms and the ICAAP/ILAAP cycle?
Yes. The BIZENIUS banking curriculum is built around the Basel III endgame, ICAAP, ILAAP, IRRBB, IFRS 9 provisioning, stress testing and BCBS 239. Participants leave able to quantify the output floor on their own portfolios, write capital and liquidity documents that withstand supervisory review, and defend the numbers to their board.
Are the programmes adapted to regional supervisors such as SAMA, CBUAE or BCEAO?
Casework is built around supervisory documents rather than textbook theory, and faculty include former practitioners who have sat on both sides of an examination. Programmes address the questions SAMA, CBUAE, BCEAO and other home regulators actually put to the desk, and an in-house edition can be tailored to a single jurisdiction.
How do I secure a seat on a banking programme?
Apply for a seat or request the brochure from the programme page. A senior practitioner — not a sales team — responds within one business day, and the brochure arrives with that reply. BIZENIUS runs on enquiry: there is no online checkout.
Can a programme run in-house for our bank?
Every BIZENIUS programme can be delivered in-house, tailored to your balance sheet, your regulator and your data, in English or French. Many institutions start with an open cohort, then commission a private edition for the wider team.
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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 № 04 · Africa
Capital frameworks built to run the bank, not to satisfy a filing
Most frameworks are written to satisfy the regulator. We build the kind that run the bank.
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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.