Islamic Money Markets and Sukuk

This Islamic Finance and Capital Markets course gives an overview of the Tradability of Sukuk, also known as Islamic bonds, and the development of Islamic Money Markets.

You will learn about the different instruments and components of an Islamic Money Market. We will also discuss the role of money markets and the need for Shari’ah-compliant sources of funds.

Additional Topics Include:

Monetary Operations in Islamic Money Markets

Credit Facilities Offered by Central Banks

Monetary Operations and Public Debt Management

Islamic Money and Foreign Exchange Markets

At the end of the course, you will learn about Islamic Money Markets through various Case Studies from Malaysia, Sudan, Pakistan and more.

No previous knowledge is needed.

Why Islamic finance is important for the global financial industry

Islamic finance has grown rapidly, with the trend expecting to continue. Although the concept has been around for much longer, Islamic finance only attained a formal status in Muslim-majority countries in the 1970s. Today, it has become a global phenomenon, eliciting increasing interest around the world, including from non-Muslim countries like the United Kingdom, Luxemburg, Kenya, South Africa, and Hong Kong. Islamic finance has grown into a huge industry with total worldwide assets estimated at about US$2 trillion.

Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access of banking services to underserved populations. In addition, it has the potential to promote financial stability due to its risk-sharing feature and its financing being asset-backed and thus fully collateralized. Moreover, Islamic banks offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress. These are all indications that Islamic finance is converging to the global finance industry and hence all international finance professionals should be aware of Islamic finance.

What you'll learn

• Tradability, Structures and Potential of Sukuk
• Development of Islamic Money Markets
• Monetary Operations in Islamic Money Markets
• Case Studies in Islamic Money Markets