Furqan is teaching this Islamic Banking & Finance Product Development Training Course in UK later this year, insha Allah.

1. UK & IRELAND
NEW Islamic Finance – Product
Comments from previous
attendees of other Islamic
Finance course:
Development
“This was an interesting
course that widened my This advanced three day course will offer you the best practices
horizons about the in how to plan, develop and launch successful Islamic banking
evolution of Islamic products
banking…”
Assistant General Manager.,
BISB Product development best practices: strategy, structure and process
“Interesting & engaging. Hands-on experience of Islamic Finance product development and
Participation among launching
delegates was good”
Regional Treasurer, Shariah Coordination
Commerzbank
Islamic Jurisprudence of Financial Transactions
“Gained alot from
attending this course” Islamic Accounting and Auditing
Partner,
HPRP
How to develop quality products & strategies that will help you meet
your product development goals from scratch to end.
7reasons to choose
euromoney financial
training uk & ireland
24 years experience having
trained over 100,000 Course Director:
professionals
Clients include; Standard Furqan Ahmad
Chartered Bank, European
Investment Bank, JP Islamic Banker, heading product development and segmentation for a leading bank in the UAE
Morgan, Shell & EDF Energy
Instructors/guest speakers
are the most reputable in the
industry and have a wealth of
experience
Group sizes are restricted to
ensure optimum contact time
with the facilitator
Our courses are run in London,
the financial hub of the world.
Make the most of your time
in London and explore the city
You will receive an official
prestigious certificate
Courses are run in 4-5 star hotels.
Train in complete comfort
Progress your career to the next level and enhance
your potential earnings
Register online at: Registration Code:
www.euromoneytraining.com/courses EIF3198-M

2. UK & IRELAND
24 hours/credits Agenda Islamic Finance – Product Development
Course
Description
Day 1 Day 2
Fundamentals of Islamic Finance Asset & Liability Side of Islamic & Conventional Banks
- Understanding Islamic Financial System - Islamic contracts - necessary ingredients and conditions
This is a product developer’s
workshop – a hands-on product - Islamic Banking and Finance - The concept and ruling on Gharar
development exercise – just like - Musharakah Islamic Business Partnerships
doing the real world Islamic Product - Mudarabah Islamic Investment Partnerships Sale (Bai)
Development job, rather than just
theory. It is a Product Management - Ijarah Islamic Leasing - Conditions of a valid sale
and Leadership training course. - Murabaha Cost Plus Financing - Five Khiyars
- Understanding Salam And Istisna Forward Sales And - Murabaha (Its concept, conditions for its validity, its usage as
Despite tremendous awareness and Manufacturing Contracts a mode of financing, its necessary conditions)
phenomenal growth rates, most
institutions are far from taking full - Sukuk Islamic Securitization - Salam - definition, condition and its use as a mode of financing
advantage of the enormous growth - Islamic Insurance / Takaful - Istisna - definition, condition and its use as a mode of financing
of Islamic Banking. This partly - Istijrar
stems from a lack of deep
understanding of the opportunities
The Islamic Economic System - Ijarah (Islamic leasing)
that Islamic finance offers, and also - Factors of Production in Islam, Capitalism & Socialism
from the fact that most financial - Objectives of distribution of wealth in Islam Partnerships
institutions have not developed the - Prohibition of Riba in Holy Quran. & Hadith - Musharakah (definition of Shirkah, Mudarabah and
required functional and operational
capabilities. Success in this market - Definition of Riba & its types (Riba Al Fadl, Riba Al Naseah) Musharakah with their meaning, kinds and rules)
will require developing - Usury & Commercial Interest - Mudarabah
differentiated and segmented - Simple and Compound Interest - Diminishing Musharakah
offerings, streamlining product
development to boost innovation
- Features of Conventional Bank
and designing efficient processes. Islamic Finance Contracts - Musharakah In Bank Deposit
- Sample Islamic Finance Contracts (SBP / AAOIFI Standard)
If you want to make a product and - Murabaha Agreement Business/Corporate Banking
take it back to your work with you,
may be on your current or next job - Musharakah Agreement - Project Financing
to further enhance it and even - Mudarabah Agreement - Working Capital Financing
launch it, then this practical - Lease Agreement - Import Financing
training class is for you!
- Salam Agreement - Export Financing
- Istisna Agreement - Securitization
methodology - Musawamah Agreement
- Syndication Mudarabah Agreement
This workshop adopts the approach
of firstly imparting the underlying - Agreement For Interest Free Loan / Salary Advance
philosophy and objectives of Islamic - Islamic Credit Card Structures
Finance and comparing it with the
conventional finance. It will then
progress to explain the various Applied Islamic Banking - Practical Calculation Exercises
Islamic products currently applied - Ijarah Schedule
by Islamic institutions globally. The - Diminishing Musharakah Schedule
course will make extensive use of - Structure Mudarabah Deposit Account
Product Development group projects
in parallel to instruction modules. - Murabaha Calculation
Class will be divided into working - Asset Pool Management
group teams, which shall acquire - Profit Calculation - Deposit Products
hands-on experience of developing a
Product and its successful launch.
who should attend?
This comprehensive program will
benefit professionals already
involved in Islamic finance, as well
as those new to the market. This
includes financiers, bankers (from
Islamic banks as well as those Instructor
operating under Islamic windows)
and end investors. The course is
specifically targeted at:
Furqan Ahmad
Islamic bankers
Investment bankers Furqan Ahmad is an experienced Islamic Banker, heading product USD 1 billion in Islamic Home Finance contracts. Mr. Ahmad’s professional
Corporate and commercial bankers development and segmentation for a leading bank in the UAE. Mr. Ahmad is expertise encompasses product development, strategic management of
Private bankers
a senior Islamic Banking expert with almost 10 years experience in working client segments and business management of Islamic Banking Liabilities and
Corporate treasurers
Analysts with Islamic Financial Institutions. He has been responsible for several Investment products. Mr. Ahmad participates in Shariah Board discussions
Asset managers successful Shari’ah compliant product launches at Guidance Financial Group with renowned Islamic Finance Scholars and is a regular conference speaker
Consultants (USA) and Mashreq Bank (Dubai)among others. at international Islamic Finance Forums on Product Development as well as
Regulators and government Mr. Ahmad had extensively contributed in the development of Islamic home Islamic Finance Products Trainer for the Bank. Furqan holds an MBA with
representatives finance industry in the USA while working for Guidance Financial Group major in International Business Finance from the George Washington
Auditors where Mr. Ahmad as a senior member of National Distribution Team University, USA, and BBA (Honors) in Marketing from IBA at University of
Risk managers
contributed towards the accomplishment of the historic milestone of the first Karachi, Pakistan.
Telephone: Email:
+44 (0)207 779 7393 courses@euromoneytraining.com

3. Day 3 Case Study Method
develop your skills in 2011
Progress your career to the next
Role Play Actors/Stakeholders organized in level and enhance your potential
Investment Banking & Insurance Teams:Group Leader shall act as “Head of earnings
- Islamic Investment Fund Products and Shariah Coordination”
- The Principle of Limited Liability Alleviate the stress of your work,
Group Members shall act as “Product Managers” by gaining skills to enhance your
- Takaful, Kafalah, insurance and its alternatives productivity
Members of one special group of participating Network with peers, benchmark
Pre-Launch Considerations, Planning and Launching students shall act as the Islamic Bank’s functional your strategies and uncover what
of Islamic Banking Model department heads, who shall be dealing with all is proving effective for other
- Case Studies of Actually Implemented Islamic Banking the Product Manager Groups individually, one by industry professionals
Business Models one. This will be in regards to helping the
participants with their own respective area of
Challenges in Islamic Banking Practice responsibility, in the product development process islamic finance – product
- How To Sell Islamic Finance Products to Clients and of each of the group’s respective products, for development
answer questions example, each functional head shall advise the Dates: 24 - 26 October 2011
- “What’s The Difference Between Profit And Interest?” product managers on the following aspects: Location: Central London, UK
- “What’s The Difference Between Murabaha and
Commercial Loan?” Fees: £3,845 + VAT
- Chief Marketing Officer – Marketing Brief,
- “Is Benchmarking Permissible?” Marketing and Advertising Plan, Media Plan,
- Islamic Financial Innovation
- Liquidity Management
Special Email/SMS Offers and Customer Venue
Loyalty Campaigns
- Risk Management - Head of Finance & Accounting – Product
- Islamic Accounting Standards Profitability, Projections, Payback estimate, All of our non-residential training
Mudarabah Profit Distribution Management courses are held in 4 – 5 star
System venues throughout central London.
The training venues are selected by
- General Counsel (Legal) – Bank’s liability both their location and training
exposure, Legal review and approval and refreshment facilities, this
- Head of Compliance – Compliance risk ensures that you will only learn in
exposure, Compliance review and approval comfortable and convenient
environments. Due to the variation
- Head of Credit Policy – Bank policies of delegate numbers, confirmation
Head of IT - Functional System Requirements of the central London venue, full
- Head of Sales – Annual Sales Budget Targets address and details of how to get
and Sales Force Incentive Plan. Sales Contests there can only be sent to you
approximately three weeks prior to
- Head of Customer Service Excellence– the course start.
Alternative Sales Channels: ATMs; Internet
Banking; Mobile Banking; Call Centers
- Course Instructor shall act in multiple roles as
“CEO/Head of Retail Banking” and “Shariah
Board Advisor”
© Copyright Euromoney Training 2011
Euromoney Financial Training
have been accredited by the
The highest and most recognisable
standard for educational training
UK Border Agency Approved
Register online at: Registration Code:
www.euromoneytraining.com/courses EIF3198-M

4. UK & IRELAND
3 day course
Islamic Finance – Product
Development
24 - 26 October 2011, Central London, UK
Fees £3,845 + VAT
This advanced three day course will offer you the best practices in how to
plan, develop and launch successful Islamic banking products
Product development best practices: strategy, structure and process
Hands-on experience of Islamic Finance product development and
launching
Shariah Coordination
Islamic Jurisprudence of Financial Transactions
Islamic Accounting and Auditing
Islamic Finance – Product Development (EIF3198) How to develop quality products & strategies that will help you meet
24 - 26 October 2011, Central London, UK your product development goals from scratch to end.
Fees £3,845 + VAT *
Fees include tuition, documentation, lunch and refreshments and a prestigious certificate.
Delegates are responsible for their own accommodation. You can request an invoice or pay online. Course Director:
Please note, payment must be received prior to course start.
Furqan Ahmad
Islamic Banker, heading product development and segmentation for a leading bank in the UAE
Register on-line at: www.euromoneytraining.com/courses
IMPORTANT INFORMATION - YOUR REGISTRATION CODE:
Please ensure you enter your registration
EIF3198-M code when registering and you will be
entered into our monthly prize draw to
win £50 of Amazon vouchers
amount:
£50.00
claim code:
1234-4567890-2345
Learn how to redeem your Amazon.co.uk gift certificate
Group booking discounts** (Valid across all our courses)
2 delegates - 5% discount 3 delegates - 10% discount 4 delegates - 12% discount 5 delegates - 15% discount
**Available for delegates from one organisation attending the same course
Data protection provide the same level of protection to personal A division of Euromoney Trading Limited course prices. You will not incur any additional All legible applicants can either:
data as within the European Union. Registered Office: Euromoney Trading Limited charges if you wish to send a replacement delegate 1. Contact our partner company 'Cashback
Use of your information: The information you
By submitting your details, you will be indicating Nestor House, Playhouse Yard and your registration meets the above terms. Consultants' who will deal with the entire
provide on this form will be used by Euromoney
your consent to the use of your data as identified London EC4V 5EX, United Kingdom process. For more information email
Institutional Investor PLC and its group companies
(“we” or “us”) in relation to your registration for above. Further information on our use of your Registration No. 5935420 England Incorrect mailing info@euromoneytraining.com or download an
personal data is set out in our privacy policy, which Please accept our apologies for mail which is application form from
this event. We may also monitor your use of our
website(s), including information you post and is available at www.euromoneyplc.com or can be Cancellation policy incorrectly addressed. Should you wish to amend www.euromoneytraining.com/VAT).
provided to you separately upon request. Cancellation or transfer requests must be made in the address/ addressee details, please send or fax 2 Contact HM Revenue and Customs directly by
actions you take, to improve our services to you and
writing (letter or fax) and reach this office 20 us a copy of the relevant mailing label (on the completing several forms.
track compliance with our terms of use. Marketing choices: If you object to contact as
working days before the course commencement envelope or brochure) and we will update our For copies of these application forms email
Except to the extent you indicate your objection identified above by telephone , fax , or email , info@euromoneytraining.com or download
or post , please tick the relevant box. If you do date. A full refund less a £100 administration fee records accordingly.
below, we may also use your data (including data them directly using the above web address.
not want us to share your information with other will be given. Delegates who cancel less than 20
obtained from monitoring) (a) to keep you informed
of our products and services; (b) occasionally to companies please tick this box. days before the course commencement date, or * VAT Printed on paper
who do not attend, are liable to pay the full course Under UK Excise regulations delegates from all
allow companies outside our group to contact you from a sustainable
with details of their products/services. Disclaimer fee and no refunds will granted. If you wish to countries are required to pay VAT on all courses taking
source, using
transfer to a different course within a six month place in the UK. Would you like to claim back the VAT
As an international group, we may transfer your Euromoney Trading Limited reserves the right to vegetable oil
period, and you have paid your course fee in full, paid on this course? (Please check our website to see
data on a global basis for the purposes indicated change or cancel any part of its published based inks
you will be invoiced a 25% additional charge to which countries / companies are legible to claim this
above, including to countries which may not programme due to unforeseen circumstances. transfer your registration and any difference in back at www.euromoneytraining.com/VAT) © Copyright Euromoney Training 2011
Amazon, Amazon.co.uk and the Amazon.co.uk logo are trademarks or registered trademarks of Amazon EU S.à.r.l. or its affiliates.